Valuation TSEC Corporation

Stocks

End-of-day quote Taiwan S.E. 02/10/2026			5-day change	1st Jan Change
28.75 ^TWD	+3.05%		+1.77%	+3.05%

08-13	TSEC Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-13	TSEC Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	18,612	18,946	17,351	15,025	9,153	14,307
Change	-	1.8%	-8.42%	-13.4%	-39.08%	56.3%
Enterprise Value (EV) ¹	20,645	21,052	19,818	16,771	11,031	15,915
Change	-	1.97%	-5.86%	-15.38%	-34.23%	44.28%
P/E	-56.2x	425x	84.3x	28.3x	-15.2x	-4.47x
PBR	3.91x	3.69x	2.68x	1.97x	1.34x	3.93x
PEG	-	-4x	0x	0x	0x	-0x
Capitalization / Revenue	4.03x	3.08x	1.93x	1.82x	2.03x	7.84x
EV / Revenue	4.46x	3.42x	2.2x	2.03x	2.44x	8.72x
EV / EBITDA	31.7x	37.5x	23.5x	10x	16.1x	-14.3x
EV / EBIT	232x	381x	75.1x	21.2x	-955x	-9.12x
EV / FCF	-42.9x	-35.1x	-16.9x	-112x	375x	19.9x
FCF Yield	-2.33%	-2.85%	-5.92%	-0.89%	0.27%	5.04%
Dividend per Share ²	-	-	0.1	0.4	-	-
Rate of return	-	-	0.29%	1.37%	-	-
EPS ²	-0.7434	0.1	0.41	1.036	-1.171	-6.24
Distribution rate	-	-	24.4%	38.6%	-	-
Net sales ¹	4,624	6,157	9,005	8,261	4,514	1,825
EBITDA ¹	651.2	561.6	843.8	1,669	683.2	-1,112
EBIT ¹	88.81	55.32	263.9	791.5	-11.55	-1,745
Net income ¹	-285.8	46.32	189.6	527.3	-600.3	-3,199
Net Debt ¹	2,033	2,106	2,468	1,746	1,877	1,608
Reference price ²	41.75	42.50	34.55	29.30	17.85	27.90
Nbr of stocks (in thousands)	445,797	445,797	502,191	512,797	512,797	512,797
Announcement Date	31/03/21	25/03/22	14/03/23	12/03/24	17/03/25	13/03/26

¹TWD in Million²TWD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TSEC CORPORATION	-	-	-	-	463M
SIEMENS ENERGY AG	33x	2.61x	16.92x	1.37%	140B
VESTAS WIND SYSTEMS A/S	20.82x	1.16x	8.56x	0.85%	29.5B
SUNGROW POWER SUPPLY CO., LTD.	12.52x	1.61x	8.65x	1.88%	25.35B
FIRST SOLAR, INC.	10x	3.29x	6.3x	-.--%	18.77B
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	17.3x	4.06x	14.08x	3.81%	14.84B
LONGI GREEN ENERGY TECHNOLOGY CO., LTD.	-14.06x	0.99x	24.54x	-.--%	12.64B
NEXTPOWER INC.	22.33x	2.66x	12.57x	-.--%	12.79B
DONGFANG ELECTRIC CORPORATION LIMITED	10.96x	0.75x	9.22x	4.48%	11.42B
GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.	17.84x	1.11x	9.3x	1.5%	9.69B
Average	14.52x	2.03x	12.24x	1.54%	27.55B
Weighted average by Cap.	23.28x	2.29x	13.94x	1.41%