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 25,139 -
Change - -49.94% 80.46% -8.73% 7.38% -17.95% -
Enterprise Value (EV) 1 31,204 14,021 28,215 25,314 24,535 17,229 15,959
Change - -55.07% 101.24% -10.28% -3.07% -29.78% -7.37%
P/E 14.4x 16.4x 34.1x 22x 16.3x 10.3x 8.13x
PBR 4.18x 2.11x 3.85x 3.08x 2.57x 1.93x 1.75x
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 0.41x 0.33x
EV / Revenue 1.58x 0.82x 1.49x 0.99x 0.51x 0.28x 0.21x
EV / EBITDA 9.91x 10.6x 21.1x 13.6x 8.32x 3.74x 2.73x
EV / EBIT 10.2x 11.8x 24.6x 15.1x 8.94x 3.74x 2.73x
EV / FCF 31.9x 13.3x 10.8x -92.1x 21.9x 5.81x 6.03x
FCF Yield 3.13% 7.51% 9.29% -1.09% 4.57% 17.2% 16.6%
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% 6.33% 8.01%
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 2 281.50 142.00 257.00 231.50 248.00 203.50 203.50
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.($)
10.27x0.28x3.74x6.33% 781M
14.73x0.74x10.71x3.46% 29.4B
34.63x0.66x26.22x0.3% 18.37B
12.33x0.51x8.69x-.--% 17.39B
23.65x - - - 57.52M
Average 19.12x 0.55x 12.34x 2.52% 13.2B
Weighted average by Cap. 19.59x 0.65x 14.41x 1.7%

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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