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 26,743 -
Change - -49.94% 80.46% -8.73% 7.38% -12.72% -
Enterprise Value (EV) 1 31,204 14,021 28,215 25,314 24,535 17,354 16,523
Change - -55.07% 101.24% -10.28% -3.07% -29.27% -4.79%
P/E 14.4x 16.4x 34.1x 22x 16.3x 11.6x 9.2x
PBR 4.18x 2.11x 3.85x 3.08x 2.57x 2.07x 1.89x
PEG - -0.3x -2.7x 0.6x 0.4x 0.5x 0.3x
Capitalization / Revenue 1.75x 1.01x 1.65x 1.11x 0.64x 0.47x 0.36x
EV / Revenue 1.58x 0.82x 1.49x 0.99x 0.51x 0.3x 0.22x
EV / EBITDA 9.91x 10.6x 21.1x 13.6x 8.32x 3.45x 2.62x
EV / EBIT 10.2x 11.8x 24.6x 15.1x 8.94x 3.45x 2.62x
EV / FCF 31.9x 13.3x 10.8x -92.1x 21.9x 3.9x 7.71x
FCF Yield 3.13% 7.51% 9.29% -1.09% 4.57% 25.7% 13%
Dividend per Share 2 13 - 6.9 5.3 11 12.16 15.38
Rate of return 4.62% - 2.68% 2.29% 4.44% 5.62% 7.11%
EPS 2 19.53 8.65 7.54 10.54 15.18 18.61 23.52
Distribution rate 66.6% - 91.5% 50.3% 72.5% 65.3% 65.4%
Net sales 1 19,763 17,121 18,992 25,654 47,839 57,165 74,954
EBITDA 1 3,150 1,320 1,338 1,867 2,949 5,026 6,306
EBIT 1 3,058 1,185 1,147 1,672 2,745 5,030 6,314
Net income 1 2,381 1,066 919 1,289 1,888 2,296 2,903
Net Debt 1 -3,399 -3,302 -3,046 -3,220 -6,104 -9,389 -10,220
Reference price 2 281.50 142.00 257.00 231.50 248.00 216.50 216.50
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.63x0.3x3.45x5.62% 840M
23x1.94x15.28x0.45% 358B
7.91x4.43x5.52x-.--% 252B
24.73x10.01x17.74x0.35% 193B
21.32x7.58x14.66x0.14% 150B
24.55x2.27x11.63x0.82% 92.03B
18.64x0.48x8.67x1.72% 54.25B
144.55x8.92x39.32x-.--% 46.7B
33.08x5.83x19.82x1.27% 42.39B
29.05x5.25x15.88x0.93% 44.44B
Average 33.85x 4.70x 15.20x 1.13% 123.29B
Weighted average by Cap. 25.07x 4.87x 14.11x 0.42%

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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