Company Valuation: Apex Science & Engineering Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,605 2,129 2,040 2,380 2,315 2,482
Change - -18.25% -4.19% 16.65% -2.73% 7.23%
Enterprise Value (EV) 1 4,906 4,623 4,721 5,468 6,004 4,472
Change - -5.78% 2.13% 15.81% 9.81% -25.51%
P/E 8.38x 21.1x 9.9x 11.6x 11.7x 11.1x
PBR 0.85x 0.71x 0.63x 0.74x 0.68x 0.7x
PEG - -0.3x 0x 11.37x -2.97x 0.9x
Capitalization / Revenue 0.5x 0.59x 0.69x 0.68x 0.87x 0.73x
EV / Revenue 0.94x 1.28x 1.6x 1.57x 2.26x 1.31x
EV / EBITDA 16.8x 63.3x 22.2x 24x 30.5x 16.5x
EV / EBIT 17.1x 68x 22.8x 24.7x 31.5x 17x
EV / FCF 10.6x 102x -20.6x -12x -7.7x 2.85x
FCF Yield 9.43% 0.98% -4.84% -8.33% -13% 35%
Dividend per Share 2 0.7689 0.2424 0.3845 0.3922 0.5 0.6
Rate of return 6.08% 2.35% 3.88% 3.36% 4.41% 4.98%
EPS 2 1.509 0.4902 0.9996 1.01 0.97 1.09
Distribution rate 51% 49.4% 38.5% 38.8% 51.5% 55%
Net sales 1 5,218 3,615 2,952 3,484 2,660 3,420
EBITDA 1 292.2 73.01 212.4 227.4 196.8 270.2
EBIT 1 286.3 67.96 207 221.7 190.6 262.8
Net income 1 315.7 102.7 206.9 204.8 199.7 224.2
Net Debt 1 2,302 2,493 2,681 3,088 3,690 1,990
Reference price 2 12.64 10.33 9.90 11.67 11.35 12.05
Nbr of stocks (in thousands) 206,065 206,065 206,065 203,985 203,945 205,985
Announcement Date 31/03/21 30/03/22 16/03/23 15/03/24 17/03/25 16/03/26
1TWD in Million2TWD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 70.01M
14.86x4.71x12.79x3.39% 42.53B
21.3x4.32x17.71x1.18% 31.52B
6.05x0.73x1.51x8.25% 29.17B
8.12x1.43x7.17x4.39% 29.22B
14.39x3.12x14.93x2.44% 25.79B
15.9x1.01x6.7x2.34% 22.08B
15.52x6.91x18.55x1.38% 21.96B
9.04x2.2x7.55x4.11% 19.73B
Average 13.15x 3.05x 10.86x 3.44% 24.67B
Weighted average by Cap. 13.33x 3.14x 11.01x 3.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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