Company Valuation: G-TECH Optoelectronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5,542 6,419 4,133 3,514 6,169 7,963
Change - 15.83% -35.61% -14.96% 75.54% 29.08%
Enterprise Value (EV) 1 7,060 8,266 5,745 5,208 7,285 8,853
Change - 17.08% -30.5% -9.35% 39.89% 21.52%
P/E -18.9x -53.1x -12.7x -29.8x -23x -12.4x
PBR 3.6x 4.48x 2.81x 2.57x 3.16x 3.11x
PEG - 0.9x -0x 0.5x -0.3x -0.1x
Capitalization / Revenue 2.26x 2.46x 1.7x 1.89x 2.85x 3.49x
EV / Revenue 2.88x 3.16x 2.36x 2.8x 3.37x 3.88x
EV / EBITDA -44.6x 645x -29.1x -81.3x -47.7x -19.5x
EV / EBIT -16.2x -41.7x -14.5x -26.1x -25.2x -14.7x
EV / FCF 26.7x -120x -602x -13.7x -358x -35.9x
FCF Yield 3.74% -0.83% -0.17% -7.29% -0.28% -2.79%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.207 -0.9097 -2.261 -0.8167 -1.446 -2.848
Distribution rate - - - - - -
Net sales 1 2,449 2,614 2,430 1,859 2,163 2,283
EBITDA 1 -158.2 12.82 -197.6 -64.09 -152.7 -454
EBIT 1 -436.6 -198.4 -397.1 -199.2 -289.1 -601.9
Net income 1 -293.1 -120.8 -315.6 -117.8 -240.8 -604.6
Net Debt 1 1,518 1,847 1,612 1,693 1,116 889.6
Reference price 2 41.73 48.34 28.75 24.35 33.25 35.20
Nbr of stocks (in thousands) 132,790 132,790 143,728 144,330 185,541 226,234
Announcement Date 3/30/21 A 3/23/22 A 3/15/23 A 3/13/24 A 3/13/25 A 3/13/26 A
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 458M
33.96x6.31x18.87x0.59% 212B
26.82x10.54x22.44x0.46% 87.63B
40.65x6.57x21.31x0.89% 90.44B
80.72x9.56x40.55x0.01% 64.21B
19.71x1.13x12.7x0.57% 63.62B
19.87x3.37x12.79x1.34% 63.12B
66.55x6.96x32.71x0.22% 70.22B
30.88x2.03x22.01x-.--% 41.71B
29.67x6.85x20.94x1.4% 36.77B
Average 38.76x 5.92x 22.70x 0.61% 73.05B
Weighted average by Cap. 38.33x 6.27x 22.06x 0.59%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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