Company Valuation: Compal Electronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 105,443 100,432 173,632 164,046 132,457 164,699 - -
Change - -4.75% 72.89% -5.52% -19.26% 24.34% - -
Enterprise Value (EV) 1 176,295 126,736 186,797 169,537 128,055 181,313 220,707 229,028
Change - -28.11% 47.39% -9.24% -24.47% 41.59% 21.73% 3.77%
P/E 8.34x 13.9x 22.8x 16.4x 22.2x 17.5x 13.4x 11.4x
PBR 0.95x 0.86x 1.47x 1.17x 1x 1.22x 1.15x 1.12x
PEG - -0.3x 4.21x 0.5x -0.5x 0.3x 0.4x 0.7x
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 9.15x 8.43x 7.83x
EV / EBIT 13.2x 13.7x 15.5x 11.4x 12x 14.5x 12.1x 10.5x
EV / FCF -4.96x 2.49x 8.3x 9.34x 5.92x -9.01x -7.9x -
FCF Yield -20.2% 40.2% 12% 10.7% 16.9% -11.1% -12.7% -
Dividend per Share 2 2 1 1.2 1.4 1.1 1.35 1.929 1.999
Rate of return 8.26% 4.34% 3.01% 3.72% 3.62% 3.57% 5.1% 5.29%
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% 62.5% 68.4% 60.5%
Net sales 1 1,235,682 1,073,246 946,715 910,253 757,513 945,069 1,158,080 1,318,263
EBITDA 1 20,252 16,763 19,922 22,710 17,782 19,819 26,196 29,249
EBIT 1 13,349 9,219 12,048 14,842 10,636 12,482 18,170 21,776
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 16,613 56,008 64,328
Reference price 2 24.20 23.05 39.85 37.65 30.40 37.80 37.80 37.80
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.($)
17.49x0.19x9.15x3.57% 5.21B
12.73x0.38x10.94x5.65% 41.01B
34.61x5.58x27.25x2.05% 18.5B
16.79x0.28x12x4.22% 7.03B
17.18x0.32x9.85x4.24% 2.96B
12.63x1.38x7.17x6.27% 2.28B
Average 18.57x 1.35x 12.72x 4.33% 12.83B
Weighted average by Cap. 18.85x 1.63x 14.68x 4.48%

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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