Company Valuation: International CSRC Investment Holdings Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 25,123 27,354 18,866 18,915 12,319 11,155
Change - 8.88% -31.03% 0.26% -34.87% -9.45%
Enterprise Value (EV) 1 17,799 21,584 16,130 15,765 12,210 12,946
Change - 21.27% -25.27% -2.27% -22.55% 6.02%
P/E 34.6x 8.06x 27.8x -38.2x -4.54x -2.69x
PBR 0.84x 0.82x 0.56x 0.56x 0.39x 0.46x
PEG - 0x -0.3x 0x -0x -0.1x
Capitalization / Revenue 1.47x 1.11x 0.81x 1.06x 0.68x 0.73x
EV / Revenue 1.04x 0.88x 0.69x 0.88x 0.68x 0.84x
EV / EBITDA 7.48x 3.54x 5.49x 11.3x 17.8x -12.7x
EV / EBIT 12.7x 4.17x 9.27x 105x -21.3x -5.79x
EV / FCF -60.7x 88x -4.94x 40.1x -7.47x -10.4x
FCF Yield -1.65% 1.14% -20.2% 2.49% -13.4% -9.62%
Dividend per Share 2 0.1 0.2 0.1 - - -
Rate of return 0.39% 0.71% 0.51% - - -
EPS 2 0.749 3.5 0.7 -0.51 -2.8 -4.277
Distribution rate 13.4% 5.71% 14.3% - - -
Net sales 1 17,106 24,617 23,368 17,875 18,060 15,334
EBITDA 1 2,380 6,105 2,938 1,393 684.8 -1,018
EBIT 1 1,404 5,177 1,739 150.7 -574.2 -2,235
Net income 1 726.6 3,395 679.4 -494.4 -2,713 -4,149
Net Debt 1 -7,324 -5,770 -2,736 -3,150 -108.6 1,791
Reference price 2 25.90 28.20 19.45 19.50 12.70 11.50
Nbr of stocks (in thousands) 969,998 969,999 969,999 969,999 969,999 969,999
Announcement Date 3/22/21 A 3/1/22 A 4/19/23 A 2/27/24 A 3/13/25 A 3/11/26 A
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 344M
31.05x7.1x18.15x1.26% 235B
28.29x4.36x14.06x2.1% 125B
30.26x3.67x18.8x0.95% 81.34B
19.45x6.93x30.79x3.8% 73.24B
91.19x6.69x15.57x2.35% 68.4B
80.71x1.19x8.05x6.44% 34.37B
11x1.15x6.33x2.84% 31.4B
15.43x1.76x10.36x2.62% 24.59B
16.65x0.84x5.86x4.29% 23.69B
Average 36.00x 3.74x 14.22x 2.96% 69.64B
Weighted average by Cap. 35.66x 5.19x 16.84x 2.23%

Y-o-Y evolution of P/E

Valuation ratios - P/E - International CSRC Investment Holdings Co., Ltd.

Historical PBR trend

Valuation ratios - PBR - International CSRC Investment Holdings Co., Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - International CSRC Investment Holdings Co., Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - International CSRC Investment Holdings Co., Ltd.

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