Company Valuation: Gold Circuit Electronics Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,098 37,975 106,098 117,535 334,355 581,184 - -
Change - -7.6% 179.39% 10.78% 184.47% 73.82% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 603,258 603,406 594,615
Change - -10.11% 175.6% 11.77% 188.81% 80.68% 0.02% -1.46%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 41.5x 22.1x 16.8x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 12.8x 8.89x 5.99x
PEG - 0.2x -1.7x 0.4x 0.5x 1x 0.3x 0.5x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 5.97x 3.93x 2.98x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 6.2x 4.08x 3.05x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 20.3x 11.7x 8.38x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 21.7x 12.6x 8.87x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -169x 1,221x 25.8x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -0.59% 0.08% 3.87%
Dividend per Share 2 2.444 - 3.5 6 10 12.66 24.08 37.61
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.1% 2.09% 3.27%
EPS 2 5.978 8.78 7.25 11.54 19.47 27.7 52.07 68.58
Distribution rate 40.9% - 48.3% 52% 51.4% 45.7% 46.2% 54.8%
Net sales 1 26,607 32,785 30,044 38,952 60,004 97,294 147,928 195,032
EBITDA 1 4,898 6,911 6,103 9,156 15,359 29,698 51,731 70,967
EBIT 1 4,123 6,037 5,136 8,067 14,043 27,825 47,831 67,055
Net income 1 2,927 4,568 3,529 5,616 9,607 18,257 28,127 34,790
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 22,074 22,222 13,431
Reference price 2 84.44 86.80 218.00 241.50 687.00 1,150.00 1,150.00 1,150.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 505,378 - -
Announcement Date 21/03/22 15/03/23 15/03/24 13/03/25 12/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.97x6.12x20.06x1.12% 17.85B
60.68x9.63x48.88x1.32% 200B
71.66x9.36x17.96x-.--% 99.12B
61.91x - - 0.16% 63.54B
52.86x10.79x40.12x0.88% 58.2B
9266.56x87.99x2788.08x - 49.11B
54.26x7.23x28.92x0.75% 41.52B
54.75x9.12x37.11x0.81% 41.31B
30.08x7.8x22.59x1.12% 40.19B
39.15x8.96x29.11x0.52% 36.74B
Average 973.29x 17.45x 336.98x 0.74% 64.77B
Weighted average by Cap. 755.27x 15.81x 266.84x 0.79%

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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