Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 394,639 - -
Change - -40.62% 71.5% 6.71% 175.2% 30.78% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 332,304 317,381 312,326
Change - -45.48% 94.91% 6.02% 199.22% 15.45% -4.49% -1.59%
P/E 12.4x 12.1x 29.6x 15x 36.5x 5.22x 8.94x 4.56x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 3.54x 3.21x 3.09x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.2x 0x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 1.64x 1.58x 1.64x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.38x 1.27x 1.3x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 4.3x 5.56x 4.78x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 4.23x 7.56x 4.88x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 11.6x 8.94x 3.62x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 8.65% 11.2% 27.6%
Dividend per Share 2 23 14.72 13.26 - 23.23 145.7 78.41 68.82
Rate of return 4.49% 4.67% 2.55% - 1.6% 8.16% 4.39% 3.86%
EPS 2 41.34 26.06 17.57 35.68 39.74 342 199.7 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 42.6% 39.3% 17.6%
Net sales 1 62,557 60,256 48,222 58,936 72,664 240,071 249,020 240,396
EBITDA 1 9,827 7,890 4,827 4,766 9,628 77,299 57,116 65,330
EBIT 1 9,084 6,844 3,622 3,533 8,266 78,488 41,965 63,981
Net income 1 8,147 5,401 3,624 7,953 8,739 75,906 43,588 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -62,335 -77,258 -82,312
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 1,785.00 1,785.00 1,785.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,086 - -
Announcement Date 4/3/22 16/3/23 12/3/24 7/3/25 6/3/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.22x1.38x4.3x8.16% 12.18B
42.45x15x42.93x0.56% 47.94B
60.48x27.39x58.61x0.52% 33.18B
11.91x3.66x6.47x0.76% 24.72B
36.01x - - - 10.98B
40.87x - - - 10.97B
33.94x1.96x13.93x - 3.1B
2.58x - - - 3.06B
Average 29.18x 9.88x 25.25x 2.5% 18.26B
Weighted average by Cap. 36.66x 14.38x 35.16x 1.38%

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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