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 35,021 127,061 - -
Change - 134.79% 232.56% -8.42% 262.82% - -
Enterprise Value (EV) 1 4,898 11,499 34,996 31,178 122,854 121,808 120,978
Change - 134.79% 204.33% -10.91% 294.04% -0.85% -0.68%
P/E 10.4x 84.9x 27.9x 23.7x 44.6x 31.5x 21.2x
PBR - - 5.98x 4.8x 13.6x 11.2x 8.46x
PEG - -1.2x 0x 3.56x 0.5x 0.8x 0.4x
Capitalization / Revenue - 9.54x 6.91x 6.53x 13.7x 8.95x 6.71x
EV / Revenue - 9.54x 6.32x 5.81x 13.2x 8.58x 6.39x
EV / EBITDA - 89.4x 23.6x 18.6x 39.1x 24x 17.2x
EV / EBIT - 135x 24.5x 19.4x 40.2x 24.4x 17.6x
EV / FCF - - 49.7x 20.9x 48.2x 28.6x -
FCF Yield - - 2.01% 4.78% 2.08% 3.49% -
Dividend per Share 2 - - 10.2 11.79 20.06 27.44 37.96
Rate of return - - 2.54% 3.24% 1.54% 2.1% 2.91%
EPS 2 5.86 1.66 14.42 15.38 29.28 41.46 61.6
Distribution rate - - 70.7% 76.6% 68.5% 66.2% 61.6%
Net sales 1 - 1,205 5,535 5,366 9,305 14,197 18,942
EBITDA 1 - 128.7 1,483 1,679 3,143 5,082 7,051
EBIT 1 - 85.42 1,427 1,611 3,056 4,985 6,876
Net income 1 499 138.2 1,311 1,485 2,882 4,318 5,968
Net Debt 1 - - -3,247 -3,843 -4,207 -5,253 -6,083
Reference price 2 60.80 141.00 402.00 364.00 1,305.00 1,305.00 1,305.00
Nbr of stocks (in thousands) 80,556 81,556 95,130 96,211 97,365 - -
Announcement Date 13/03/23 26/03/24 27/02/25 10/02/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.64x12.86x39.68x1.55% 3.84B
38.89x11.88x34x0.38% 408B
73.25x11.04x56.35x0.13% 83.61B
97.47x22.21x103.18x0.08% 56.58B
36.29x9.63x24.99x0.48% 47.77B
36.34x11.59x24.26x1.11% 42.37B
108.01x25.33x110.34x0.11% 32.42B
38.37x3.59x11x0.4% 27.38B
93.19x18.26x88.37x0.27% 24.12B
103.41x23.48x85.47x0.14% 21.19B
Average 66.99x 14.99x 57.76x 0.46% 74.76B
Weighted average by Cap. 53.44x 13.23x 46.32x 0.36%

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.