Company Valuation: Innolux Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 206,969 104,599 128,595 114,587 136,146 386,879 - -
Change - -49.46% 22.94% -10.89% 18.82% 184.16% - -
Enterprise Value (EV) 1 178,934 54,453 108,818 81,670 76,653 335,702 317,595 299,990
Change - -69.57% 99.84% -24.95% -6.14% 337.95% -5.39% -5.54%
P/E 3.54x -4x -7.11x 18.9x 568x 22.3x 46.9x 25.7x
PBR 0.68x 0.42x 0.58x 0.49x 0.62x 1.67x 1.66x 1.59x
PEG - 0x 0.2x -0x -5.9x 0x -0.9x 0.3x
Capitalization / Revenue 0.59x 0.47x 0.61x 0.53x 0.6x 1.53x 1.4x 1.31x
EV / Revenue 0.51x 0.24x 0.51x 0.38x 0.34x 1.32x 1.15x 1.02x
EV / EBITDA 1.81x 68.7x 9.02x 3.52x 3x 9.89x 8.17x 6.93x
EV / EBIT 2.85x -1.72x -5.82x -10.3x -18.4x 80.6x 47.9x 62x
EV / FCF 2.43x -2.36x -9.23x 55.2x 9.04x 17.2x 16.1x -
FCF Yield 41.1% -42.3% -10.8% 1.81% 11.1% 5.81% 6.19% -
Dividend per Share 2 - - - 0.75 0.5 1 0.9467 1.265
Rate of return - - - 5.23% 2.93% 2.06% 1.95% 2.61%
EPS 2 7.309 -3.301 -2.284 0.76 0.03 2.171 1.033 1.886
Distribution rate - - - 98.7% 1,667% 46.1% 91.7% 67.1%
Net sales 1 350,077 223,716 211,741 216,510 226,724 253,384 275,594 294,295
EBITDA 1 99,014 793 12,064 23,231 25,561 33,941 38,878 43,310
EBIT 1 62,713 -31,665 -18,709 -7,919 -4,160 4,164 6,630 4,835
Net income 1 57,534 -27,990 -18,643 6,473 250 16,566 6,521 5,608
Net Debt 1 -28,035 -50,146 -19,777 -32,917 -59,493 -51,178 -69,285 -86,889
Reference price 2 25.91 13.22 16.25 14.35 17.05 48.45 48.45 48.45
Nbr of stocks (in thousands) 7,989,223 7,913,565 7,913,565 7,985,126 7,985,125 7,985,125 - -
Announcement Date 11/02/22 14/02/23 22/02/24 13/03/25 10/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.3x1.26x9.37x2.16% 11.39B
30.54x5.72x17.38x0.65% 193B
33.85x12.06x21.97x0.82% 121B
45.83x5.89x20.25x0.89% 109B
13.28x0.3x6.68x3.79% 107B
31.14x5.07x16.7x1.11% 73.41B
56.66x6.14x28.07x0.24% 66.68B
20.72x3.48x13.32x1.29% 65.24B
17.53x1.04x11.66x0.71% 58.93B
15.47x5.45x11.07x0.82% 49.67B
Average 28.63x 4.64x 15.65x 1.25% 85.55B
Weighted average by Cap. 30.24x 5.37x 16.66x 1.19%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Innolux Corporation

Historical PBR trend

Valuation ratios - PBR - Innolux Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Innolux Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Innolux Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Innolux Corporation
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