Company Valuation: All Ring Tech Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,898 11,499 38,242 35,021 122,680 - -
Change - 134.79% 232.56% -8.42% 250.31% - -
Enterprise Value (EV) 1 4,898 11,499 34,996 31,178 119,546 117,375 116,729
Change - 134.79% 204.33% -10.91% 283.43% -1.82% -0.55%
P/E 10.4x 84.9x 27.9x 23.7x 44.6x 30.8x 20.4x
PBR - - 5.98x 4.8x 14.8x 11.3x 8.47x
PEG - -1.2x 0x 3.56x 0.5x 0.7x 0.4x
Capitalization / Revenue - 9.54x 6.91x 6.53x 13.2x 8.73x 6.43x
EV / Revenue - 9.54x 6.32x 5.81x 12.9x 8.36x 6.11x
EV / EBITDA - 89.4x 23.6x 18.6x 39.7x 23.3x 16.5x
EV / EBIT - 135x 24.5x 19.4x 41x 23.9x 17x
EV / FCF - - 49.7x 20.9x 46.9x 27.6x -
FCF Yield - - 2.01% 4.78% 2.13% 3.62% -
Dividend per Share 2 - - 10.2 11.79 19.52 27.06 38.07
Rate of return - - 2.54% 3.24% 1.55% 2.15% 3.02%
EPS 2 5.86 1.66 14.42 15.38 28.23 40.92 61.85
Distribution rate - - 70.7% 76.6% 69.2% 66.1% 61.6%
Net sales 1 - 1,205 5,535 5,366 9,294 14,045 19,090
EBITDA 1 - 128.7 1,483 1,679 3,013 5,035 7,089
EBIT 1 - 85.42 1,427 1,611 2,918 4,917 6,879
Net income 1 499 138.2 1,311 1,485 2,814 4,242 5,955
Net Debt 1 - - -3,247 -3,843 -3,134 -5,305 -5,950
Reference price 2 60.80 141.00 402.00 364.00 1,260.00 1,260.00 1,260.00
Nbr of stocks (in thousands) 80,556 81,556 95,130 96,211 97,365 - -
Announcement Date 13/3/23 26/3/24 27/2/25 10/2/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
49.07x14.08x43.43x1.41% 3.84B
40.48x12.37x35.39x0.37% 408B
72.21x10.88x55.54x0.13% 83.61B
94.9x21.61x100.4x0.08% 56.58B
38.9x10.35x26.95x0.45% 47.77B
38.41x12.29x25.73x1.05% 42.37B
102.8x24.08x104.88x0.12% 32.42B
41.09x3.86x11.81x0.38% 27.38B
87.97x17.21x83.33x0.28% 24.12B
55.27x19.01x41.39x1.5% 20.8B
Average 62.11x 14.58x 52.89x 0.58% 74.73B
Weighted average by Cap. 52.64x 13.32x 45.39x 0.39%

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 All Ring Tech Co., Ltd.