Company Valuation: All Ring Tech Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,898 11,499 38,242 35,021 101,575 - -
Change - 134.79% 232.56% -8.42% 190.04% - -
Enterprise Value (EV) 1 4,898 11,499 34,996 31,178 97,691 96,276 95,441
Change - 134.79% 204.33% -10.91% 213.33% -1.45% -0.87%
P/E 10.4x 84.9x 27.9x 23.7x 42x 27.1x 23.4x
PBR - - 5.98x 4.8x 12.3x 9.31x 7.44x
PEG - -1.2x 0x 3.56x 0.7x 0.5x 1.5x
Capitalization / Revenue - 9.54x 6.91x 6.53x 11.1x 7.21x 6x
EV / Revenue - 9.54x 6.32x 5.81x 10.6x 6.84x 5.64x
EV / EBITDA - 89.4x 23.6x 18.6x 32.7x 18.9x 15.6x
EV / EBIT - 135x 24.5x 19.4x 33.7x 19.3x 16x
EV / FCF - - 49.7x 20.9x 38.3x 22.6x -
FCF Yield - - 2.01% 4.78% 2.61% 4.42% -
Dividend per Share 2 - - 10.2 11.79 17.19 25.31 32.05
Rate of return - - 2.54% 3.24% 1.64% 2.41% 3.05%
EPS 2 5.86 1.66 14.42 15.38 24.98 38.81 44.89
Distribution rate - - 70.7% 76.6% 68.8% 65.2% 71.4%
Net sales 1 - 1,205 5,535 5,366 9,174 14,079 16,924
EBITDA 1 - 128.7 1,483 1,679 2,983 5,095 6,100
EBIT 1 - 85.42 1,427 1,611 2,899 4,994 5,979
Net income 1 499 138.2 1,311 1,485 2,412 4,166 4,322
Net Debt 1 - - -3,247 -3,843 -3,884 -5,298 -6,133
Reference price 2 60.80 141.00 402.00 364.00 1,050.00 1,050.00 1,050.00
Nbr of stocks (in thousands) 80,556 81,556 95,130 96,211 96,738 - -
Announcement Date 3/13/23 A 3/26/24 A 2/27/25 A 2/10/26 A - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.03x10.65x32.75x1.64% 3.16B
44.85x13.86x40.16x0.33% 467B
83.06x12.52x63.77x0.12% 93.8B
124.93x26.27x122.32x0.07% 66.47B
42.15x10.98x28.74x0.43% 51.79B
42.61x13.63x28.75x0.92% 47.77B
51.7x5.04x14.82x0.06% 38.25B
115.63x22.96x103.17x0.18% 30.69B
63.63x20.98x46.74x1.33% 23.06B
123.23x28x101.94x0.11% 24.98B
Average 73.38x 16.49x 58.32x 0.52% 84.73B
Weighted average by Cap. 60.76x 15.03x 50.99x 0.33%

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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