Company Valuation: Wistron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 82,917 83,704 280,126 300,384 478,652 599,440 - -
Change - 0.95% 234.66% 7.23% 59.35% 25.23% - -
Enterprise Value (EV) 1 177,741 157,562 331,857 350,029 664,748 1,070,439 1,018,992 982,236
Change - -11.35% 110.62% 5.48% 89.91% 61.03% -4.81% -3.61%
P/E 8.01x 7.66x 24.2x 17x 17.9x 11.6x 8.14x 6.13x
PBR 1.06x 0.89x 2.77x 2.45x 2.7x 2.69x 2.03x 1.57x
PEG - 1.39x 3.87x 0.3x 0.5x 0.1x 0.2x 0.2x
Capitalization / Revenue 0.1x 0.09x 0.32x 0.29x 0.22x 0.15x 0.1x 0.08x
EV / Revenue 0.21x 0.16x 0.38x 0.33x 0.3x 0.26x 0.17x 0.13x
EV / EBITDA 6.94x 4.05x 8.35x 6.97x 7.27x 6.57x 4.76x 3.29x
EV / EBIT 10.9x 5.74x 12.1x 8.98x 8.46x 7.4x 5.13x 3.76x
EV / FCF -5.55x - 9.41x 66.9x -4.57x -33x -33.7x 13.7x
FCF Yield -18% - 10.6% 1.49% -21.9% -3.03% -2.96% 7.31%
Dividend per Share 2 2.2 - 2.6 3.799 - 9.413 11.31 14.82
Rate of return 7.55% - 2.64% 3.65% - 4.99% 6% 7.86%
EPS 2 3.64 3.84 4.08 6.11 8.4 16.21 23.16 30.75
Distribution rate 60.4% - 63.7% 62.2% - 58.1% 48.8% 48.2%
Net sales 1 862,082 984,619 867,057 1,049,256 2,186,523 4,047,182 5,911,767 7,731,136
EBITDA 1 25,594 38,947 39,735 50,225 91,491 162,810 214,076 298,840
EBIT 1 16,369 27,472 27,390 38,979 78,553 144,688 198,717 261,381
Net income 1 10,468 11,162 11,472 17,446 27,408 52,319 75,666 101,353
Net Debt 1 94,824 73,858 51,731 49,645 186,096 470,999 419,552 382,796
Reference price 2 29.15 29.40 98.60 104.00 150.50 188.50 188.50 188.50
Nbr of stocks (in thousands) 2,844,483 2,847,078 2,841,037 2,888,304 3,180,412 3,180,052 - -
Announcement Date 18/01/22 15/03/23 12/03/24 03/03/25 13/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.63x0.26x6.57x4.99% 18.89B
21.11x1.81x14.35x0.49% 334B
23.26x9.37x16.88x0.37% 181B
19.08x1.86x9.44x1.04% 72.3B
16.6x0.42x7.66x1.93% 48.32B
38.72x23.73x29.39x1.15% 40.4B
32.14x5.59x19.04x1.29% 40.83B
12.86x0.57x6.92x3.76% 28.79B
12.57x0.66x9.81x5.35% 22.73B
27.83x2.86x18.47x2.65% 21.38B
Average 21.58x 4.71x 13.85x 2.3% 80.83B
Weighted average by Cap. 22.00x 4.63x 14.60x 1.09%

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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  4. Valuation Wistron Corporation