Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 559,348 - -
Change - -40.62% 71.5% 6.71% 175.2% 85.37% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 504,701 485,204 489,187
Change - -45.48% 94.91% 6.02% 199.22% 75.35% -3.86% 0.82%
P/E 12.4x 12.1x 29.6x 15x 36.5x 7.4x 12.7x 6.46x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 5.28x 4.68x 4.61x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.3x 0.1x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 2.36x 2.29x 2.39x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 2.13x 1.98x 2.09x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 6.94x 8.53x 7.45x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 6.78x 11.6x 7.6x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 17.6x 13.7x 5.66x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 5.7% 7.31% 17.7%
Dividend per Share 2 23 14.72 13.26 - 23.23 132.8 77.19 68.02
Rate of return 4.49% 4.67% 2.55% - 1.6% 5.25% 3.05% 2.69%
EPS 2 41.34 26.06 17.57 35.68 39.74 342 199.7 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 38.8% 38.6% 17.4%
Net sales 1 62,557 60,256 48,222 58,936 72,664 236,589 244,694 234,429
EBITDA 1 9,827 7,890 4,827 4,766 9,628 72,755 56,915 65,676
EBIT 1 9,084 6,844 3,622 3,533 8,266 74,449 41,734 64,328
Net income 1 8,147 5,401 3,624 7,953 8,739 75,906 43,588 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -54,647 -74,143 -70,160
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 2,530.00 2,530.00 2,530.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,086 - -
Announcement Date 04/03/22 16/03/23 12/03/24 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.($)
7.4x2.13x6.94x5.25% 17.7B
64.79x22.59x56.66x0.35% 66.07B
89.58x42.84x88.98x0.34% 49.59B
17.38x5.81x14.03x0.52% 36.16B
218.07x - - 0.98% 23.89B
56.88x - - - 15.27B
43.56x - - - 13.28B
3.16x - - - 4.25B
55.04x2.28x17.58x - 3.41B
Average 61.76x 15.13x 36.84x 1.49% 25.51B
Weighted average by Cap. 71.17x 22.39x 51.15x 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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