Company Valuation: Compal Electronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 105,443 100,432 173,632 164,046 132,457 159,689 - -
Change - -4.75% 72.89% -5.52% -19.26% 20.56% - -
Enterprise Value (EV) 1 176,295 126,736 186,797 169,537 128,055 175,865 215,611 223,307
Change - -28.11% 47.39% -9.24% -24.47% 37.34% 22.6% 3.57%
P/E 8.34x 13.9x 22.8x 16.4x 22.2x 17x 13x 11.1x
PBR 0.95x 0.86x 1.47x 1.17x 1x 1.18x 1.11x 1.09x
PEG - -0.3x 4.21x 0.5x -0.5x 0.3x 0.4x 0.6x
Capitalization / Revenue 0.09x 0.09x 0.18x 0.18x 0.17x 0.17x 0.14x 0.12x
EV / Revenue 0.14x 0.12x 0.2x 0.19x 0.17x 0.19x 0.19x 0.17x
EV / EBITDA 8.71x 7.56x 9.38x 7.47x 7.2x 8.91x 8.24x 7.65x
EV / EBIT 13.2x 13.7x 15.5x 11.4x 12x 14.2x 11.9x 10.3x
EV / FCF -4.96x 2.49x 8.3x 9.34x 5.92x -8.74x -7.72x -
FCF Yield -20.2% 40.2% 12% 10.7% 16.9% -11.4% -13% -
Dividend per Share 2 2 1 1.2 1.4 1.1 1.339 1.927 1.995
Rate of return 8.26% 4.34% 3.01% 3.72% 3.62% 3.65% 5.26% 5.44%
EPS 2 2.9 1.66 1.75 2.3 1.37 2.161 2.82 3.302
Distribution rate 69% 60.2% 68.6% 60.9% 80.3% 62% 68.4% 60.4%
Net sales 1 1,235,682 1,073,246 946,715 910,253 757,513 943,330 1,156,619 1,315,730
EBITDA 1 20,252 16,763 19,922 22,710 17,782 19,734 26,166 29,184
EBIT 1 13,349 9,219 12,048 14,842 10,636 12,406 18,149 21,735
Net income 1 12,633 7,288 7,668 10,042 6,030 9,246 12,927 16,340
Net Debt 1 70,852 26,304 13,165 5,491 -4,402 16,176 55,922 63,619
Reference price 2 24.20 23.05 39.85 37.65 30.40 36.65 36.65 36.65
Nbr of stocks (in thousands) 4,357,130 4,357,130 4,357,130 4,357,130 4,357,130 4,357,130 - -
Announcement Date 16/3/22 16/3/23 1/3/24 27/2/25 10/3/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.15x1.87x14.74x0.47% 344B
8.22x4.63x5.77x-.--% 262B
27.54x11.18x19.81x0.31% 215B
23.75x8.47x16.37x0.13% 167B
22.86x2.14x10.94x0.88% 85.73B
18.76x0.48x8.73x1.7% 54.61B
138.36x8.53x37.57x-.--% 44.7B
33.75x5.95x20.24x1.24% 43.11B
27.61x4.98x15.06x0.98% 42.24B
Average 35.89x 5.36x 16.58x 0.63% 139.82B
Weighted average by Cap. 25.00x 5.35x 14.45x 0.41%

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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