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 37,975 106,098 117,535 334,355 485,277 - -
Change - -7.6% 179.39% 10.78% 184.47% 45.14% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 496,819 509,440 495,658
Change - -10.11% 175.6% 11.77% 188.81% 48.8% 2.54% -2.71%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 24.5x 15.8x 10.9x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 10x 7.22x 4.67x
PEG - 0.2x -1.7x 0.4x 0.5x 0.2x 0.3x 0.2x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 4.56x 3.07x 2.31x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 4.67x 3.23x 2.36x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 15.6x 9.76x 6.75x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 16.7x 10.3x 7.02x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -53.4x 2,205x 18.1x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -1.87% 0.05% 5.51%
Dividend per Share 2 2.444 - 3.5 6 10 14.43 21.46 30.94
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.52% 2.26% 3.26%
EPS 2 5.978 8.78 7.25 11.54 19.47 38.69 59.95 86.88
Distribution rate 40.9% - 48.3% 52% 51.4% 37.3% 35.8% 35.6%
Net sales 1 26,607 32,785 30,044 38,952 60,004 106,327 157,936 209,626
EBITDA 1 4,898 6,911 6,103 9,156 15,359 31,782 52,201 73,468
EBIT 1 4,123 6,037 5,136 8,067 14,043 29,770 49,388 70,561
Net income 1 2,927 4,568 3,529 5,616 9,607 20,967 32,966 44,330
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 11,542 24,163 10,381
Reference price 2 84.44 86.80 218.00 241.50 687.00 948.00 948.00 948.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 511,896 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.5x4.67x15.63x1.52% 15.24B
54.69x8.77x44.15x1.48% 189B
50.88x8.74x15.51x-.--% 96.9B
46.91x10.01x34.85x1.17% 61.09B
53.18x9.35x33.68x0.9% 55.37B
40.92x - - 0.2% 52.49B
7377.78x69.67x2211.68x - 39.52B
45.34x7.57x30.71x0.97% 34.82B
26.08x7.17x20.08x1.3% 34.93B
34.63x7.97x26.65x0.57% 33.08B
Average 775.49x 14.88x 270.33x 0.9% 61.21B
Weighted average by Cap. 520.77x 12.93x 186.05x 0.93%

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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