Company Valuation: ChipMOS TECHNOLOGIES INC.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,344 24,363 30,726 22,799 32,789 50,819 - -
Change - -31.07% 26.12% -25.8% 43.82% 54.99% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 54,254 56,061 54,635
Change - -28.03% 10.18% -41.97% 81.82% 65.47% 3.33% -2.54%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 16.9x 11.5x 9.87x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 1.89x 1.72x 1.59x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.2x 0.6x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 1.68x 1.46x 1.31x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 1.8x 1.61x 1.41x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 6.47x 5.43x 4.84x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 15.7x 10.7x 9.1x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -90.4x - -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -1.11% - -
Dividend per Share 2 2.2 2.3 1.8 1.2 - 1.247 2.076 3.097
Rate of return 4.53% 6.87% 4.26% 3.83% - 1.72% 2.86% 4.27%
EPS 2 6.96 4.64 2.6 1.95 0.7 4.301 6.322 7.355
Distribution rate 31.6% 49.6% 69.2% 61.5% - 29% 32.8% 42.1%
Net sales 1 27,400 23,517 21,356 22,696 23,933 30,223 34,721 38,868
EBITDA 1 10,197 7,969 6,686 6,130 - 8,391 10,317 11,292
EBIT 1 5,562 3,217 1,915 1,274 1,143 3,454 5,259 6,001
Net income 1 5,059 3,372 1,893 1,420 495.1 3,053 4,501 5,148
Net Debt 1 3,850 3,844 352.5 -4,765 - 3,436 5,242 3,816
Reference price 2 48.60 33.50 42.25 31.35 47.15 72.60 72.60 72.60
Nbr of stocks (in thousands) 727,240 727,240 727,240 727,240 695,418 699,983 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/25/25 A 2/24/26 A - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.88x1.8x6.47x - 1.57B
37.55x12.48x29.12x0.64% 634B
52.11x15.75x42.16x0.35% 367B
33.68x7.42x23.24x1.44% 158B
29.71x3.24x14.78x1.66% 75.42B
44.17x14.25x29.54x0.85% 21.32B
45.93x6.11x21.6x0.34% 18.16B
20.31x2.94x12.58x1.5% 14.95B
49.79x8.99x28.59x - 12.86B
19.56x1.76x8.66x0.67% 12.39B
Average 34.97x 7.47x 21.67x 0.93% 131.55B
Weighted average by Cap. 40.65x 11.94x 30.71x 0.72%

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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