Company Valuation: ITEQ Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,380 26,351 30,779 28,565 41,196 211,593 - -
Change - -51.54% 16.8% -7.19% 44.22% 413.63% - -
Enterprise Value (EV) 1 52,088 25,429 30,090 28,293 41,710 216,698 219,168 217,972
Change - -51.18% 18.33% -5.97% 47.42% 419.54% 1.14% -0.55%
P/E 15.9x 14.8x 45.6x 34.8x 27.3x 34.7x 21.5x 18.1x
PBR 2.55x 1.31x 1.58x 1.38x 1.94x 8.35x 6.88x 5.78x
PEG - -0.3x -0.7x 1.6x 0.3x 0x 0.3x 1x
Capitalization / Revenue 1.67x 0.9x 1.23x 0.97x 1.24x 4.16x 2.95x 2.58x
EV / Revenue 1.6x 0.87x 1.2x 0.96x 1.26x 4.26x 3.06x 2.66x
EV / EBITDA 10.9x 8.57x 14.5x 10x 10.5x 22.2x 15.2x 12.7x
EV / EBIT 13.6x 13.4x 30.2x 20.9x 17.5x 26.6x 16x 14.1x
EV / FCF -29x 7.75x 31x -35.3x 57.1x -32.1x 56.2x 23.2x
FCF Yield -3.45% 12.9% 3.22% -2.83% 1.75% -3.12% 1.78% 4.31%
Dividend per Share 2 5 3 1.5 1.8 3 8.892 15.13 15.22
Rate of return 3.52% 4.13% 1.77% 2.29% 2.64% 1.53% 2.6% 2.62%
EPS 2 8.93 4.91 1.86 2.26 4.15 16.79 27.12 32.17
Distribution rate 56% 61.1% 80.6% 79.6% 72.3% 53% 55.8% 47.3%
Net sales 1 32,525 29,130 25,079 29,378 33,098 50,818 71,726 82,003
EBITDA 1 4,767 2,966 2,074 2,824 3,969 9,760 14,462 17,160
EBIT 1 3,819 1,896 994.9 1,351 2,383 8,143 13,707 15,406
Net income 1 3,145 1,855 676.6 821.8 1,510 6,104 10,650 13,536
Net Debt 1 -2,292 -921.6 -688.6 -271.8 514.2 5,105 7,575 6,379
Reference price 2 142.00 72.60 84.80 78.70 113.50 582.00 582.00 582.00
Nbr of stocks (in thousands) 382,957 362,957 362,957 362,957 362,957 363,562 - -
Announcement Date 16/03/22 13/03/23 01/03/24 07/03/25 06/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.66x4.26x22.18x1.53% 6.68B
58x9.3x46.79x1.4% 201B
53.45x9.12x16.2x-.--% 101B
47.43x10.12x35.23x1.16% 62.12B
54.92x9.66x34.8x0.87% 57.5B
41.35x - - 0.19% 53B
9373.61x70.84x2248.64x - 40.13B
44.5x7.68x30.52x0.87% 36.69B
33.05x7.83x25.68x0.66% 34.81B
27.72x7.25x21.95x1.54% 34.42B
Average 976.87x 15.12x 275.78x 0.91% 62.77B
Weighted average by Cap. 646.09x 13.32x 188.62x 0.91%

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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