Company Valuation: ASROCK Incorporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 34,604 17,323 31,262 28,533 30,640 24,027 -
Change - -49.94% 80.46% -8.73% 7.38% -21.58% -
Enterprise Value (EV) 1 31,204 14,021 28,215 25,314 24,535 16,117 14,847
Change - -55.07% 101.24% -10.28% -3.07% -34.31% -7.88%
P/E 14.4x 16.4x 34.1x 22x 16.3x 9.82x 7.77x
PBR 4.18x 2.11x 3.85x 3.08x 2.57x 1.85x 1.68x
PEG - -0.3x -2.7x 0.6x 0.4x 0.3x 0.3x
Capitalization / Revenue 1.75x 1.01x 1.65x 1.11x 0.64x 0.4x 0.31x
EV / Revenue 1.58x 0.82x 1.49x 0.99x 0.51x 0.27x 0.19x
EV / EBITDA 9.91x 10.6x 21.1x 13.6x 8.32x 3.5x 2.54x
EV / EBIT 10.2x 11.8x 24.6x 15.1x 8.94x 3.49x 2.54x
EV / FCF 31.9x 13.3x 10.8x -92.1x 21.9x 5.44x 5.61x
FCF Yield 3.13% 7.51% 9.29% -1.09% 4.57% 18.4% 17.8%
Dividend per Share 2 13 - 6.9 5.3 11 12.88 16.3
Rate of return 4.62% - 2.68% 2.29% 4.44% 6.62% 8.38%
EPS 2 19.53 8.65 7.54 10.54 15.18 19.81 25.03
Distribution rate 66.6% - 91.5% 50.3% 72.5% 65% 65.1%
Net sales 1 19,763 17,121 18,992 25,654 47,839 60,722 76,754
EBITDA 1 3,150 1,320 1,338 1,867 2,949 4,608 5,842
EBIT 1 3,058 1,185 1,147 1,672 2,745 4,612 5,850
Net income 1 2,381 1,066 919 1,289 1,888 2,448 3,092
Net Debt 1 -3,399 -3,302 -3,046 -3,220 -6,104 -7,910 -9,180
Reference price 2 281.50 142.00 257.00 231.50 248.00 194.50 194.50
Nbr of stocks (in thousands) 122,925 121,993 121,641 123,254 123,548 123,532 -
Announcement Date 2/23/22 A 3/9/23 A 3/6/24 A 3/13/25 A 2/26/26 A - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.82x0.27x3.5x6.62% 744M
15.17x0.76x10.87x3.37% 31.02B
11.04x0.58x9.49x-.--% 18.37B
27.27x0.53x20.4x0.36% 15.61B
23.93x - - - 58.05M
Average 17.45x 0.53x 11.06x 2.59% 13.16B
Weighted average by Cap. 16.83x 0.65x 12.66x 1.75%

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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