Company Valuation: ASROCK Incorporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 34,604 17,323 31,262 28,533 30,640 27,855 -
Change - -49.94% 80.46% -8.73% 7.38% -9.09% -
Enterprise Value (EV) 1 31,204 14,021 28,215 25,314 24,535 16,686 18,242
Change - -55.07% 101.24% -10.28% -3.07% -31.99% 9.33%
P/E 14.4x 16.4x 34.1x 22x 16.3x 12.4x 9.55x
PBR 4.18x 2.11x 3.85x 3.08x 2.57x 2.16x 1.96x
PEG - -0.3x -2.7x 0.6x 0.4x 0.6x 0.3x
Capitalization / Revenue 1.75x 1.01x 1.65x 1.11x 0.64x 0.49x 0.37x
EV / Revenue 1.58x 0.82x 1.49x 0.99x 0.51x 0.29x 0.24x
EV / EBITDA 9.91x 10.6x 21.1x 13.6x 8.32x 3.23x 3.09x
EV / EBIT 10.2x 11.8x 24.6x 15.1x 8.94x 3.37x 3.09x
EV / FCF 31.9x 13.3x 10.8x -92.1x 21.9x 2.65x 9.29x
FCF Yield 3.13% 7.51% 9.29% -1.09% 4.57% 37.7% 10.8%
Dividend per Share 2 13 - 6.9 5.3 11 10.92 15.44
Rate of return 4.62% - 2.68% 2.29% 4.44% 4.84% 6.84%
EPS 2 19.53 8.65 7.54 10.54 15.18 18.24 23.62
Distribution rate 66.6% - 91.5% 50.3% 72.5% 59.9% 65.3%
Net sales 1 19,763 17,121 18,992 25,654 47,839 56,895 74,954
EBITDA 1 3,150 1,320 1,338 1,867 2,949 5,162 5,902
EBIT 1 3,058 1,185 1,147 1,672 2,745 4,952 5,910
Net income 1 2,381 1,066 919 1,289 1,888 2,248 2,914
Net Debt 1 -3,399 -3,302 -3,046 -3,220 -6,104 -11,169 -9,613
Reference price 2 281.50 142.00 257.00 231.50 248.00 225.50 225.50
Nbr of stocks (in thousands) 122,925 121,993 121,641 123,254 123,548 123,524 -
Announcement Date 23/02/22 09/03/23 06/03/24 13/03/25 26/02/26 - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.14x0.28x3.14x4.93% 868M
19.23x0.98x13.99x2.68% 41.37B
10.24x0.44x5.64x-.--% 26.45B
18.61x0.52x14.71x0.24% 15.82B
22.96x - - - 57.05M
Average 16.64x 0.56x 9.37x 1.96% 16.91B
Weighted average by Cap. 16.23x 0.72x 11.40x 1.41%

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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