Company Valuation: Pegatron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 184,437 169,395 232,597 244,747 183,999 245,139 - -
Change - -8.16% 37.31% 5.22% -24.82% 33.23% - -
Enterprise Value (EV) 1 178,626 169,395 188,017 161,467 118,277 176,626 164,346 154,520
Change - -5.17% 10.99% -14.12% -26.75% 49.33% -6.95% -5.98%
P/E 9.07x 11.3x 14.8x 14.5x 12.7x 16.6x 13.4x 11.5x
PBR 1.11x - 1.23x 1.18x 0.88x 1.09x 1.06x 0.99x
PEG - -0.4x 2.76x 1.94x -0.8x 8.47x 0.6x 0.7x
Capitalization / Revenue 0.15x 0.13x 0.19x 0.22x 0.16x 0.21x 0.17x 0.15x
EV / Revenue 0.14x 0.13x 0.15x 0.14x 0.11x 0.15x 0.12x 0.09x
EV / EBITDA 5.86x 4.21x 6.25x 5.73x 4.49x 5.29x 3.98x 3.12x
EV / EBIT 10.6x 6.67x 12.7x 12.9x 10.2x 9.94x 6.6x 4.97x
EV / FCF 5.46x - 2.67x 4.67x -95.1x 8.37x 6.46x -5.73x
FCF Yield 18.3% - 37.4% 21.4% -1.05% 11.9% 15.5% -17.5%
Dividend per Share 2 4.5 - 4 4.5 - 4.011 4.531 4.74
Rate of return 6.51% - 4.58% 4.9% - 4.39% 4.96% 5.19%
EPS 2 7.62 5.6 5.9 6.34 5.39 5.496 6.802 7.926
Distribution rate 59.1% - 67.8% 71% - 73% 66.6% 59.8%
Net sales 1 1,263,720 1,317,599 1,256,783 1,125,349 1,117,160 1,190,667 1,427,030 1,626,619
EBITDA 1 30,505 40,194 30,083 28,202 26,338 33,363 41,306 49,564
EBIT 1 16,854 25,385 14,753 12,501 11,609 17,774 24,898 31,109
Net income 1 20,546 15,096 15,713 16,877 14,403 14,738 18,469 21,628
Net Debt 1 -5,811 - -44,581 -83,280 -65,721 -68,513 -80,793 -90,619
Reference price 2 69.10 63.50 87.30 91.90 68.60 91.40 91.40 91.40
Nbr of stocks (in thousands) 2,669,132 2,667,634 2,664,346 2,663,188 2,682,200 2,682,044 - -
Announcement Date 3/10/22 A 3/16/23 A 3/15/24 A 3/13/25 A 3/11/26 A - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.63x0.15x5.29x4.39% 7.6B
28.44x1.92x17.79x0.51% 313B
25.54x10.32x18.52x0.34% 199B
26.24x2.05x10.73x0.96% 77.85B
20.46x0.44x8.31x1.64% 45.9B
34.68x21.17x26.21x1.28% 35.59B
28.66x4.94x17.7x1.18% 35.39B
12.92x0.55x6.78x4.1% 26.78B
16.06x0.3x8.93x0.75% 20.41B
13.7x0.55x8.64x5.1% 19.62B
Average 22.33x 4.24x 12.89x 2.03% 78.12B
Weighted average by Cap. 25.97x 4.86x 16.13x 0.93%

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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