Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 510,709 - -
Change - -40.62% 71.5% 6.71% 175.2% 69.25% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 456,062 436,565 440,548
Change - -45.48% 94.91% 6.02% 199.22% 58.45% -4.28% 0.91%
P/E Ratio 12.4x 12.1x 29.6x 15x 36.5x 7.02x 13.9x 5.9x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 4.82x 4.28x 4.21x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.3x 0x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 2.2x 2.19x 2.18x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.96x 1.87x 1.88x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 6.27x 7.67x 6.71x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 6.36x 10.6x 6.85x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 15.9x 12.3x 5.1x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 6.3% 8.13% 19.6%
Dividend per Share 2 23 14.72 13.26 - 23.23 132.8 77.19 68.02
Rate of return 4.49% 4.67% 2.55% - 1.6% 5.75% 3.34% 2.94%
EPS 2 41.34 26.06 17.57 35.68 39.74 329 166.5 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 40.4% 46.4% 17.4%
Net sales 1 62,557 60,256 48,222 58,936 72,664 232,205 233,713 234,429
EBITDA 1 9,827 7,890 4,827 4,766 9,628 72,755 56,915 65,676
EBIT 1 9,084 6,844 3,622 3,533 8,266 71,675 41,243 64,328
Net income 1 8,147 5,401 3,624 7,953 8,739 72,618 36,364 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -54,647 -74,143 -70,160
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 2,310.00 2,310.00 2,310.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,086 - -
Announcement Date 3/4/22 A 3/16/23 A 3/12/24 A 3/7/25 A 3/6/26 A - - -
1TWD in Million2TWD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.69x1.86x5.93x6.04% 15.36B
49.81x17.13x42.97x0.46% 50.53B
76.11x35.74x74.24x0.41% 41.8B
15.49x5.17x12.49x0.58% 32.14B
193.68x - - 1.11% 21.17B
58.21x - - - 15.62B
38.27x - - - 10.36B
2.96x - - - 3.97B
52.73x2.19x16.88x - 3.26B
Average 54.88x 12.42x 30.50x 1.72% 21.58B
Weighted average by Cap. 61.21x 17.90x 40.69x 1.09%

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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