Company Valuation: APCB Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,286 3,550 2,630 3,422 2,694 2,253
Change - 8.03% -25.9% 30.09% -21.26% -16.38%
Enterprise Value (EV) 1 4,599 4,935 2,620 3,014 1,252 1,019
Change - 7.31% -46.92% 15.05% -58.44% -18.67%
P/E -39.5x 14.9x 75.4x 63x 18.3x -16.3x
PBR 0.95x 0.99x 0.73x 0.96x 0.72x 0.68x
PEG - -0x -0.9x 1.1x 0x 0x
Capitalization / Revenue 0.4x 0.39x 0.38x 0.58x 0.53x 0.54x
EV / Revenue 0.55x 0.54x 0.38x 0.51x 0.25x 0.24x
EV / EBITDA 6.47x 5.51x 11.2x 10.2x -6.15x -5.1x
EV / EBIT 19.8x 10.4x -18.4x -43x -2.62x -2.81x
EV / FCF -55.9x -120x 2.13x 11.4x -18.7x -46.6x
FCF Yield -1.79% -0.83% 46.9% 8.76% -5.34% -2.14%
Dividend per Share 2 0.5 1.05 0.5 0.5 1 1
Rate of return 2.43% 4.73% 3.04% 2.34% 5.93% 6.97%
EPS 2 -0.5201 1.49 0.2181 0.3396 0.92 -0.8804
Distribution rate -96.1% 70.5% 229% 147% 109% -114%
Net sales 1 8,308 9,104 6,955 5,951 5,095 4,176
EBITDA 1 711.3 895.3 234.5 294.9 -203.7 -199.9
EBIT 1 232.3 476.4 -142.7 -70.05 -478.9 -363
Net income 1 -83.16 240.4 34.87 54.31 148 -138.8
Net Debt 1 1,313 1,385 -10.78 -408.1 -1,442 -1,234
Reference price 2 20.55 22.20 16.45 21.40 16.85 14.35
Nbr of stocks (in thousands) 159,899 159,899 159,899 159,899 159,899 156,994
Announcement Date 31/03/21 31/03/22 31/03/23 15/03/24 17/03/25 13/03/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 94.45M
65.96x10.49x53.14x1.21% 221B
74.73x9.52x18.26x-.--% 100B
71.97x - - 0.14% 73.52B
60.72x11.98x45.22x0.79% 63.4B
37.04x10.46x28.32x0.98% 53.35B
67.65x8.43x33.32x0.66% 48.58B
60.55x10.04x41.22x0.73% 45.67B
8554.33x81.48x2562.01x - 45.51B
44.82x9.96x35.3x0.51% 42.05B
Average 1,004.20x 19.04x 352.10x 0.63% 69.38B
Weighted average by Cap. 620.50x 15.46x 225.01x 0.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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