Company Valuation: CTCI Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,369 33,000 33,776 31,281 27,543 39,499 - -
Change - 16.32% 2.35% -7.39% -11.95% 43.41% - -
Enterprise Value (EV) 1 23,809 31,996 28,041 35,379 30,741 79,993 39,499 39,499
Change - 34.39% -12.36% 26.17% -13.11% 160.21% -50.62% 0%
P/E 17.3x 13.8x 17.6x 15.9x 16.2x 11.8x - -
PBR 1.71x 1.9x 1.88x 1.59x 1.36x 1.53x - -
PEG - 0.3x -0.8x 9.5x -1.2x 0.1x - -
Capitalization / Revenue 0.4x 0.35x 0.33x 0.26x 0.3x 0.43x 0.36x 0.35x
EV / Revenue 0.34x 0.34x 0.27x 0.3x 0.33x 0.87x 0.36x 0.35x
EV / EBITDA 7.16x 6.8x 6.24x 6.28x 5.78x 11.2x 4.98x 4.62x
EV / EBIT 10.9x 9.03x 8.55x 8.17x 7.59x 13.6x - -
EV / FCF 2.05x -22.5x 11.8x -5.02x 3.29x -12.3x -99.2x 12.7x
FCF Yield 48.7% -4.44% 8.49% -19.9% 30.4% -8.16% -1.01% 7.85%
Dividend per Share 2 2.051 1.704 1.837 1.784 0.1963 1.747 - -
Rate of return 6.18% 4.56% 4.89% 5.18% 0.65% 4.25% - -
EPS 2 1.918 2.703 2.132 2.167 1.874 3.493 - -
Distribution rate 107% 63% 86.2% 82.3% 10.5% 50% - -
Net sales 1 70,540 95,101 103,527 119,925 91,848 91,562 110,941 113,499
EBITDA 1 3,324 4,707 4,496 5,631 5,319 7,152 7,927 8,556
EBIT 1 2,175 3,545 3,279 4,331 4,051 5,870 - -
Net income 1 1,642 2,379 1,891 1,942 1,691 3,180 - -
Net Debt 1 -4,560 -1,004 -5,734 4,098 3,198 40,494 - -
Reference price 2 33.18 37.33 37.59 34.43 30.32 41.10 41.10 41.10
Nbr of stocks (in thousands) 855,011 884,069 898,425 908,584 908,354 961,043 - -
Announcement Date 3/9/22 A 3/8/23 A 3/7/24 A 2/28/25 A 3/10/26 A - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.71x0.87x11.16x4.27% 1.24B
55.55x2.56x24.44x0.07% 96.62B
12.36x1.06x5.79x4.73% 71.21B
33.46x4.2x22.82x0.2% 57.1B
26.01x2x19.7x1.14% 55.69B
51.4x4.07x25.79x1.9% 40.35B
27.66x0.7x11.44x2.23% 34.75B
23.1x1.58x14.53x0.2% 33.37B
22.33x0.45x7.09x2.71% 30.42B
4.96x0.31x5.79x5.92% 26.52B
Average 26.85x 1.78x 14.86x 2.34% 44.73B
Weighted average by Cap. 31.83x 2.10x 16.72x 1.84%

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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