Company Valuation: Winbond Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 135,320 78,008 127,281 66,600 371,700 805,500 - -
Change - -42.35% 63.16% -47.67% 458.11% 116.71% - -
Enterprise Value (EV) 1 129,926 78,008 153,199 105,708 385,105 779,198 575,149 805,500
Change - -39.96% 96.39% -31% 264.31% 102.33% -26.19% 40.05%
P/E 9.97x 6.03x -105x 106x 93.9x 7.05x 3.42x 3.65x
PBR 1.64x 0.83x 1.38x 0.73x 3.44x 3.7x 1.71x 1.13x
PEG - -1.29x 1x -1x 0x 0x 0x -0.58x
Capitalization / Revenue 1.36x 0.83x 1.7x 0.82x 4.16x 3.03x 1.7x 1.83x
EV / Revenue 1.3x 0.83x 2.04x 1.3x 4.31x 2.93x 1.21x 1.83x
EV / EBITDA 4.32x 2.99x 15x 8.01x 21.1x 4.96x 1.82x 2.75x
EV / EBIT 7.05x 4.72x -94x 208x 69.6x 5.52x 2.06x 2.98x
EV / FCF 6.32x - -15x -17.8x 82.2x 12.2x 2.8x 4.57x
FCF Yield 15.8% - -6.65% -5.61% 1.22% 8.22% 35.7% 21.9%
Dividend per Share 2 1 - - - - 10 11.31 11.48
Rate of return 2.94% - - - - 5.59% 6.32% 6.41%
EPS 2 3.41 3.25 -0.29 0.14 0.88 25.41 52.28 48.99
Distribution rate 29.3% - - - - 39.4% 21.6% 23.4%
Net sales 1 99,570 94,530 75,006 81,610 89,406 265,888 475,021 440,807
EBITDA 1 30,084 26,084 10,226 13,194 18,217 157,062 316,083 292,740
EBIT 1 18,428 16,535 -1,630 507.5 5,534 141,236 278,911 270,722
Net income 1 13,595 12,927 -1,147 601 3,962 116,755 237,075 177,011
Net Debt 1 -5,394 - 25,918 39,108 13,405 -26,302 -230,351 -
Reference price 2 34.00 19.60 30.45 14.80 82.60 179.00 179.00 179.00
Nbr of stocks (in thousands) 3,980,000 3,980,000 4,180,000 4,500,000 4,500,000 4,500,000 - -
Announcement Date 11/02/22 17/02/23 07/02/24 15/04/25 12/02/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.05x2.93x4.96x5.59% 25.25B
22.56x12.61x18.56x0.36% 5,160B
22.35x10.96x14.86x1.13% 1,951B
39.61x16.24x23.9x0.73% 1,697B
12.85x7.79x9.42x0.06% 1,054B
4.8x2.98x3.59x0.22% 883B
83.66x15.15x56.95x-.--% 782B
-37.92x7.66x21.3x-.--% 460B
192.21x41.92x85.46x-.--% 258B
30.57x11.1x20.56x2.21% 237B
Average 37.77x 12.93x 25.96x 1.03% 1,251B
Weighted average by Cap. 27.99x 12.29x 20.77x 0.5%

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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