Company Valuation: ASMPT Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,770 22,960 30,881 31,193 32,357 74,906 - -
Change - -33.97% 34.5% 1.01% 3.73% 131.5% - -
Enterprise Value (EV) 1 32,788 20,947 28,447 29,456 30,085 71,008 70,111 67,971
Change - -36.11% 35.8% 3.55% 2.13% 136.03% -1.26% -3.05%
P/E 11x 8.79x 43.1x 90.2x 35.9x 40.6x 28.6x 21.7x
PBR 2.27x 1.45x 1.97x 2.05x 1.9x 4.06x 3.68x 3.21x
PEG - -0.5x -0.6x -1.7x 0x 0x 0.7x 0.7x
Capitalization / Revenue 1.58x 1.19x 2.1x 2.36x 2.36x 3.92x 3.35x 2.95x
EV / Revenue 1.49x 1.08x 1.94x 2.23x 2.19x 3.71x 3.14x 2.68x
EV / EBITDA 6.72x 5.27x 15.7x 23.3x 23x 21.9x 16.8x 13x
EV / EBIT 7.92x 6.47x 25.8x 57.6x 49x 27.5x 20.3x 15.4x
EV / FCF 16.6x - 14.4x 51.2x -199x 107x 46.8x 30.5x
FCF Yield 6.03% - 6.93% 1.95% -0.5% 0.93% 2.14% 3.27%
Dividend per Share 2 3.9 3.2 0.87 0.42 0.6 2.207 2.985 4.149
Rate of return 4.63% 5.75% 1.17% 0.56% 0.77% 1.24% 1.67% 2.32%
EPS 2 7.69 6.33 1.73 0.83 2.16 4.395 6.244 8.224
Distribution rate 50.7% 50.6% 50.3% 50.6% 27.8% 50.2% 47.8% 50.4%
Net sales 1 21,948 19,363 14,697 13,229 13,736 19,115 22,331 25,395
EBITDA 1 4,879 3,975 1,818 1,266 1,310 3,247 4,163 5,233
EBIT 1 4,142 3,237 1,104 511.4 614.5 2,586 3,452 4,423
Net income 1 3,169 2,620 715.4 345.3 902 1,842 2,601 3,413
Net Debt 1 -1,983 -2,013 -2,434 -1,737 -2,272 -3,898 -4,795 -6,935
Reference price 2 84.25 55.65 74.50 74.90 77.45 178.60 178.60 178.60
Nbr of stocks (in thousands) 412,705 412,572 414,505 416,459 417,780 419,408 - -
Announcement Date 22/02/22 28/02/23 27/02/24 25/02/25 04/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.64x3.71x21.87x1.24% 9.55B
42.93x14.51x32.93x0.55% 713B
36.78x12.25x30.07x0.33% 433B
41.14x12.49x36.13x0.36% 430B
38.45x15.03x31.13x0.46% 270B
43.19x16.22x31.54x0.22% 185B
37.04x8.38x25.54x1.31% 184B
39.5x4.23x19.52x1.3% 103B
50.07x13.35x37.66x0.12% 69.5B
59.72x8.86x47.16x0.15% 66.67B
Average 42.94x 10.90x 31.35x 0.6% 246.29B
Weighted average by Cap. 41.13x 12.83x 32.05x 0.51%

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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  4. Valuation ASMPT Limited