Company Valuation: ASROCK Incorporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 18,820 34,604 17,323 31,262 28,533 27,366 27,366 -
Change - 83.86% -49.94% 80.46% -8.73% -4.09% 0% -
Enterprise Value (EV) 1 15,433 31,204 14,021 28,215 25,314 25,637 27,276 26,034
Change - 102.19% -55.07% 101.24% -10.28% 1.28% 6.39% -4.55%
P/E ratio 13.9x 14.4x 16.4x 34.1x 22x 14.4x 10.1x 8.31x
PBR - 4.18x 2.11x 3.85x 3.08x 2.61x 2.31x 2.03x
PEG - 0.2x -0.3x -2.7x 0.6x 0.3x 0.2x 0.4x
Capitalization / Revenue 1.05x 1.75x 1.01x 1.65x 1.11x 0.57x 0.4x 0.33x
EV / Revenue 0.86x 1.58x 0.82x 1.49x 0.99x 0.53x 0.4x 0.31x
EV / EBITDA 7.97x 9.91x 10.6x 21.1x 13.6x 9.29x 6.34x 4.92x
EV / EBIT 8.31x 10.2x 11.8x 24.6x 15.1x 9.26x 6.53x 5.06x
EV / FCF 11.7x 31.9x 13.3x 10.8x -92.1x -5.73x -13.9x 10.2x
FCF Yield 8.53% 3.13% 7.51% 9.29% -1.09% -17.5% -7.22% 9.81%
Dividend per Share 2 8 13 - 6.9 5.3 8.555 11.93 14.22
Rate of return 5.13% 4.62% - 2.68% 2.29% 3.86% 5.39% 6.42%
EPS 2 11.22 19.53 8.65 7.54 10.54 15.41 21.86 26.66
Distribution rate 71.3% 66.6% - 91.5% 50.3% 55.5% 54.6% 53.4%
Net sales 1 17,912 19,763 17,121 18,992 25,654 48,234 68,984 82,766
EBITDA 1 1,936 3,150 1,320 1,338 1,867 2,758 4,304 5,290
EBIT 1 1,858 3,058 1,185 1,147 1,672 2,769 4,178 5,141
Net income 1 1,363 2,381 1,066 919 1,289 1,904 2,701 3,294
Net Debt 1 -3,387 -3,399 -3,302 -3,046 -3,220 -1,729 -90 -1,332
Reference price 2 156.00 281.50 142.00 257.00 231.50 221.50 221.50 221.50
Nbr of stocks (in thousands) 120,642 122,925 121,993 121,641 123,254 123,548 123,548 -
Announcement Date 24/02/21 23/02/22 09/03/23 06/03/24 13/03/25 - - -
1TWD in Million2TWD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.37x0.53x9.29x3.86% 872M
13.83x0.73x10.16x3.51% 22.14B
16.65x0.49x10.16x-.--% 18.29B
36.42x0.58x25.58x0.36% 13.89B
57.5x - - 0.36% 1.4B
Average 27.76x 0.58x 13.80x 1.62% 11.32B
Weighted average by Cap. 21.37x 0.61x 14.03x 1.53%

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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