Valuation TSEC Corporation

Stocks

End-of-day quote Taiwan S.E. 10/09/2026			5-day change	1st Jan Change
23.65 ^TWD	-1.25%		-5.78%	-15.23%

13/08	TSEC Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
13/05	TSEC Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	18,612	18,946	17,351	15,025	9,153	14,307
Change	-	1.8%	-8.42%	-13.4%	-39.08%	56.3%
Enterprise Value (EV) ¹	20,645	21,052	19,818	16,771	11,031	15,915
Change	-	1.97%	-5.86%	-15.38%	-34.23%	44.28%
P/E	-56.2x	425x	84.3x	28.3x	-15.2x	-4.47x
PBR	3.91x	3.69x	2.68x	1.97x	1.34x	3.93x
PEG	-	-4x	0x	0x	0x	-0x
Capitalization / Revenue	4.03x	3.08x	1.93x	1.82x	2.03x	7.84x
EV / Revenue	4.46x	3.42x	2.2x	2.03x	2.44x	8.72x
EV / EBITDA	31.7x	37.5x	23.5x	10x	16.1x	-14.3x
EV / EBIT	232x	381x	75.1x	21.2x	-955x	-9.12x
EV / FCF	-42.9x	-35.1x	-16.9x	-112x	375x	19.9x
FCF Yield	-2.33%	-2.85%	-5.92%	-0.89%	0.27%	5.04%
Dividend per Share ²	-	-	0.1	0.4	-	-
Rate of return	-	-	0.29%	1.37%	-	-
EPS ²	-0.7434	0.1	0.41	1.036	-1.171	-6.24
Distribution rate	-	-	24.4%	38.6%	-	-
Net sales ¹	4,624	6,157	9,005	8,261	4,514	1,825
EBITDA ¹	651.2	561.6	843.8	1,669	683.2	-1,112
EBIT ¹	88.81	55.32	263.9	791.5	-11.55	-1,745
Net income ¹	-285.8	46.32	189.6	527.3	-600.3	-3,199
Net Debt ¹	2,033	2,106	2,468	1,746	1,877	1,608
Reference price ²	41.75	42.50	34.55	29.30	17.85	27.90
Nbr of stocks (in thousands)	4,45,797	4,45,797	5,02,191	5,12,797	5,12,797	5,12,797
Announcement Date	31/03/21	25/03/22	14/03/23	12/03/24	17/03/25	13/03/26

¹TWD in Million²TWD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TSEC CORPORATION	-	-	-	-	39Cr
FIRST SOLAR, INC.	11.61x	3.88x	7.42x	-.--%	2.18TCr
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	17.62x	4.05x	14.64x	3.86%	1.56TCr
LONGI GREEN ENERGY TECHNOLOGY CO., LTD.	-15x	1.11x	28.55x	-.--%	1.33TCr
NEXTPOWER INC.	21.82x	2.59x	12.26x	-.--%	1.25TCr
WAAREE ENERGIES LIMITED	16.78x	2.17x	10.71x	0.14%	776.29Cr
TONGWEI CO.,LTD	-7.79x	1.38x	13.09x	-.--%	767.89Cr
JINKO SOLAR CO., LTD.	-17.63x	0.86x	7.86x	-.--%	618.28Cr
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO.,LTD.	-6.4x	2.12x	24.47x	-.--%	548.22Cr
XINJIANG DAQO NEW ENERGY CO.,LTD.	-22.34x	12.44x	92.74x	-.--%	541.51Cr
Average	-0.15x	3.40x	23.53x	0.44%	961.59Cr
Weighted average by Cap.	4.24x	3.20x	18.72x	0.64%