Company Valuation: Rafael Microelectronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,426 11,629 4,637 4,875 3,670 4,008
Change - 239.49% -60.13% 5.13% -24.71% 9.19%
Enterprise Value (EV) 1 2,338 10,681 3,705 4,088 2,907 3,031
Change - 356.91% -65.31% 10.34% -28.88% 4.24%
P/E 18.5x 69.5x 38.1x 116x 31.3x 32.8x
PBR 2.39x 7.8x 3.11x 3.47x 2.5x 2.59x
PEG - -7.59x -1.4x -1.8x 0x 7.79x
Capitalization / Revenue 3.22x 11.3x 3.56x 4.89x 3.44x 3.52x
EV / Revenue 2.2x 10.4x 2.84x 4.1x 2.73x 2.66x
EV / EBITDA 10.3x 53.2x 19.8x 60.1x 21.8x 17.6x
EV / EBIT 10.9x 63x 27.1x 211x 28.8x 19.5x
EV / FCF 23.6x -170x 42x -107x -175x 10.7x
FCF Yield 4.24% -0.59% 2.38% -0.93% -0.57% 9.36%
Dividend per Share 2 4.208 5.015 4.023 1.817 2.037 2
Rate of return 3.75% 1.31% 2.66% 1.14% 1.71% 1.54%
EPS 2 6.055 5.5 3.98 1.37 3.8 3.96
Distribution rate 69.5% 91.2% 101% 133% 53.6% 50.5%
Net sales 1 1,063 1,031 1,303 996 1,065 1,137
EBITDA 1 227.7 200.7 187.5 68.05 133.5 172.1
EBIT 1 215.2 169.5 136.8 19.37 100.9 155.6
Net income 1 182 166.5 121.6 41.78 117.1 122
Net Debt 1 -1,088 -948.7 -931.9 -786.5 -763 -977
Reference price 2 112.28 382.00 151.50 159.50 119.00 130.00
Nbr of stocks (in thousands) 30,510 30,443 30,607 30,564 30,844 30,829
Announcement Date 3/31/21 A 3/29/22 A 3/29/23 A 3/5/24 A 3/17/25 A 3/20/26 A
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 136M
62.28x10x50.31x1.31% 215B
51.99x8.89x15.8x-.--% 98.78B
47.04x10.04x34.95x1.17% 61.42B
38.77x - - 0.21% 49.75B
48.14x8.44x30.41x0.99% 50.25B
485.67x71.45x1562.79x - 39.54B
42.36x7.36x29.35x0.96% 35.31B
32.15x7.62x24.98x0.68% 33.9B
25.84x6.76x20.47x1.65% 32.07B
Average 92.69x 16.32x 221.13x 0.87% 61.6B
Weighted average by Cap. 78.54x 13.48x 141.98x 0.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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