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 35,021 103,993 - -
Change - 134.79% 232.56% -8.42% 196.95% - -
Enterprise Value (EV) 1 4,898 11,499 34,996 31,178 99,879 98,284 96,140
Change - 134.79% 204.33% -10.91% 220.35% -1.6% -2.18%
P/E 10.4x 84.9x 27.9x 23.7x 47.1x 29.5x 23.9x
PBR - - 5.98x 4.8x 12.9x 9.92x 7.73x
PEG - -1.2x 0x 3.56x 1x 0.5x 1x
Capitalization / Revenue - 9.54x 6.91x 6.53x 12.3x 7.58x 5.78x
EV / Revenue - 9.54x 6.32x 5.81x 11.8x 7.16x 5.34x
EV / EBITDA - 89.4x 23.6x 18.6x 36.7x 20.1x 14.8x
EV / EBIT - 135x 24.5x 19.4x 37.7x 20.4x 15x
EV / FCF - - 49.7x 20.9x 43.1x 29.1x -
FCF Yield - - 2.01% 4.78% 2.32% 3.43% -
Dividend per Share 2 - - 10.2 11.79 16.52 24.08 34.8
Rate of return - - 2.54% 3.24% 1.54% 2.24% 3.24%
EPS 2 5.86 1.66 14.42 15.38 22.81 36.48 44.96
Distribution rate - - 70.7% 76.6% 72.4% 66% 77.4%
Net sales 1 - 1,205 5,535 5,366 8,434 13,728 18,000
EBITDA 1 - 128.7 1,483 1,679 2,725 4,898 6,512
EBIT 1 - 85.42 1,427 1,611 2,651 4,816 6,422
Net income 1 499 138.2 1,311 1,485 2,202 3,827 4,329
Net Debt 1 - - -3,247 -3,843 -4,114 -5,709 -7,853
Reference price 2 60.80 141.00 402.00 364.00 1,075.00 1,075.00 1,075.00
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.($)
47.12x11.84x36.65x1.54% 3.26B
47.92x14.78x42.87x0.31% 498B
76.14x11.54x58.18x0.13% 86.67B
109.32x22.46x104.48x0.08% 56.89B
43.12x11.25x29.41x0.42% 52.86B
46.83x15.02x31.64x0.84% 52.68B
59.16x5.79x17.04x0.05% 43.75B
119.9x27.41x118.36x0.1% 34.42B
110.66x21.95x98.64x0.19% 29.34B
70.62x23.3x51.95x1.2% 25.53B
Average 73.08x 16.54x 58.92x 0.49% 88.31B
Weighted average by Cap. 60.39x 15.28x 50.62x 0.32%

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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