Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,00,902 59,917 1,02,757 1,09,648 3,01,752 4,46,594 - -
Change - -40.62% 71.5% 6.71% 175.2% 48% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 2,87,828 3,84,259 3,69,336 3,64,282
Change - -45.48% 94.91% 6.02% 199.22% 33.5% -3.88% -1.37%
P/E 12.4x 12.1x 29.6x 15x 36.5x 5.91x 10.1x 5.16x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 4.01x 3.64x 3.49x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.2x 0.1x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 1.86x 1.79x 1.86x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.6x 1.48x 1.52x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 4.97x 6.47x 5.58x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 4.9x 8.8x 5.69x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 13.4x 10.4x 4.22x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 7.48% 9.61% 23.7%
Dividend per Share 2 23 14.72 13.26 - 23.23 145.7 78.41 68.82
Rate of return 4.49% 4.67% 2.55% - 1.6% 7.21% 3.88% 3.41%
EPS 2 41.34 26.06 17.57 35.68 39.74 342 199.7 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 42.6% 39.3% 17.6%
Net sales 1 62,557 60,256 48,222 58,936 72,664 2,40,071 2,49,020 2,40,396
EBITDA 1 9,827 7,890 4,827 4,766 9,628 77,299 57,116 65,330
EBIT 1 9,084 6,844 3,622 3,533 8,266 78,488 41,965 63,981
Net income 1 8,147 5,401 3,624 7,953 8,739 75,906 43,588 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -62,335 -77,258 -82,312
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 2,020.00 2,020.00 2,020.00
Nbr of stocks (in thousands) 1,97,074 1,90,214 1,97,609 2,05,334 2,08,105 2,21,086 - -
Announcement Date 04/03/22 16/03/23 12/03/24 07/03/25 06/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.91x1.6x4.97x7.21% 1.38TCr
30.93x12.12x40.09x0.79% 4.35TCr
70.29x32.55x68.51x0.43% 3.88TCr
11.63x3.56x6.3x0.78% 2.42TCr
40.58x - - - 1.1TCr
33.73x - - - 1.03TCr
3.33x - - - 396.7Cr
32.83x1.9x13.5x - 299.41Cr
Average 28.65x 10.35x 26.67x 2.3% 1.86TCr
Weighted average by Cap. 35.94x 15.44x 37.81x 1.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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