Company Valuation: ALi Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5,935 8,047 3,962 6,002 4,412 3,344
Change - 35.58% -50.76% 51.48% -26.49% -24.2%
Enterprise Value (EV) 1 4,527 6,817 2,704 5,308 4,040 3,850
Change - 50.59% -60.34% 96.31% -23.88% -4.71%
P/E -24.8x -88.3x 293x -3.55x -15.7x -6.95x
PBR 1.92x 2.6x 1.21x 3.74x 3.3x 2.38x
PEG - 1.4x -3x 0x 0.2x -0.2x
Capitalization / Revenue 2.87x 2.86x 1.49x 4.15x 2.71x 2.93x
EV / Revenue 2.19x 2.42x 1.02x 3.67x 2.48x 3.37x
EV / EBITDA -15.4x -239x 20.6x -8.52x -17.2x -6.95x
EV / EBIT -12.7x -73.2x 28.1x -8.12x -15.9x -6.69x
EV / FCF -16x -33.5x -77.4x 25.9x -14.8x -8.93x
FCF Yield -6.26% -2.98% -1.29% 3.85% -6.74% -11.2%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.107 -0.7915 0.1167 -14.59 -2.407 -3.433
Distribution rate - - - - - -
Net sales 1 2,072 2,815 2,651 1,446 1,628 1,141
EBITDA 1 -294.5 -28.48 131.4 -622.9 -235.5 -553.9
EBIT 1 -355.4 -93.09 96.26 -653.3 -254.6 -575.7
Net income 1 -238.9 -90.42 14.16 -1,692 -280.6 -455.4
Net Debt 1 -1,409 -1,230 -1,259 -694.4 -371.9 505.5
Reference price 2 52.17 69.92 34.17 51.75 37.90 23.85
Nbr of stocks (in thousands) 113,773 115,096 115,969 115,980 116,413 140,224
Announcement Date 03/03/21 24/03/22 28/03/23 14/03/24 10/03/25 31/03/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 109M
22.91x13.02x19.72x0.33% 5,515B
23.05x11.33x15.35x1.09% 2,018B
38.06x16.05x23.58x0.74% 1,676B
14.5x8.9x10.7x0.05% 1,203B
107.02x19.38x73.67x-.--% 999B
5.04x3.25x3.93x0.2% 956B
-52.09x10.37x28.88x-.--% 632B
229.76x50.43x102.72x-.--% 309B
Average 48.53x 16.59x 34.82x 0.3% 1,479B
Weighted average by Cap. 30.36x 13.29x 24.01x 0.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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