Company Valuation: AUO Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 132,989 219,154 114,910 139,172 112,334 115,471 115,471 -
Change - 64.79% -47.57% 21.11% -19.28% 2.79% 0% -
Enterprise Value (EV) 1 159,509 193,909 121,241 167,053 162,212 158,893 138,724 127,333
Change - 21.57% -37.48% 37.79% -2.9% -2.05% -12.69% -8.21%
P/E ratio 38.9x 3.56x -6.28x -7.66x -36.6x 36.8x 41x 26.5x
PBR 0.73x 0.94x 0.71x 0.88x 0.73x 0.78x 0.77x 0.76x
PEG - 0x 0x 9.15x 0.4x -0x -4x 0.5x
Capitalization / Revenue 0.49x 0.59x 0.47x 0.56x 0.4x 0.41x 0.39x 0.37x
EV / Revenue 0.59x 0.52x 0.49x 0.67x 0.58x 0.57x 0.47x 0.4x
EV / EBITDA 4.26x 2x 16.2x 15.8x 6.33x 5.3x 4.66x 3.86x
EV / EBIT 76.6x 3.07x -5.06x -7.61x -19.2x -298x 51.5x 27.5x
EV / FCF 15.5x 2.21x -13.5x -9.95x -42.9x 112x 10.1x 10.8x
FCF Yield 6.44% 45.2% -7.41% -10.1% -2.33% 0.89% 9.88% 9.26%
Dividend per Share 2 0.375 1.25 - 0.8 0.8 0.3462 0.3066 0.3833
Rate of return 2.14% 4.37% - 4.41% 5.46% 2.26% 2% 2.51%
EPS 2 0.45 8.05 -2.39 -2.37 -0.4 0.4159 0.3734 0.5767
Distribution rate 83.3% 15.5% - -33.8% -200% 83.3% 82.1% 66.5%
Net sales 1 270,955 370,685 246,793 247,964 280,245 281,093 296,569 314,862
EBITDA 1 37,481 96,740 7,496 10,544 25,638 29,970 29,745 32,966
EBIT 1 2,083 63,076 -23,970 -21,962 -8,466 -532.7 2,696 4,629
Net income 1 3,376 61,331 -21,101 -18,203 -3,064 3,169 2,855 4,400
Net Debt 1 26,520 -25,245 6,331 27,881 49,878 43,422 23,254 11,862
Reference price 2 17.50 28.62 15.00 18.15 14.65 15.30 15.30 15.30
Nbr of stocks (in thousands) 7,599,396 7,656,037 7,660,659 7,667,881 7,667,881 7,547,099 7,547,099 -
Announcement Date 04/02/21 11/02/22 08/02/23 31/01/24 13/02/25 - - -
1TWD in Million2TWD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.95x0.56x5.21x2.32% 3.62B
53.66x6.99x25.22x0.82% 116B
25.77x1x4.78x1.49% 23.81B
21.73x1.14x6.86x1.89% 14.71B
-475.78x0.69x5.65x3.03% 6.51B
15.35x4.84x12.78x3.65% 5.99B
8.39x0.48x2.55x-.--% 3.91B
87.9x0.85x6.54x-.--% 3.46B
Average -28.38x 2.07x 8.70x 1.65% 22.2B
Weighted average by Cap. 25.89x 5.01x 18.55x 1.17%

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 AUO Corporation