Company Valuation: Asia Plastic Recycling Holding Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,480 1,963 1,888 2,031 1,764 1,291
Change - -20.82% -3.84% 7.55% -13.11% -26.83%
Enterprise Value (EV) 1 216.2 -855.8 -629.8 895.2 1,291 1,171
Change - -495.9% 26.4% 242.14% 44.17% -9.25%
P/E -1.89x -4.26x -3.96x -4.93x -4.26x -2.76x
PBR 0.43x 0.37x 0.39x 0.46x 0.43x 0.35x
PEG - 0.1x -1.14x 0.4x -5.87x -0.2x
Capitalization / Revenue 2.46x 1.77x 2.93x 2.63x 2.16x 1.95x
EV / Revenue 0.21x -0.77x -0.98x 1.16x 1.58x 1.77x
EV / EBITDA -0.27x 2.48x 1.97x -3.31x -5.62x -6.09x
EV / EBIT -0.2x 1.62x 1.35x -2.29x -3.83x -2.92x
EV / FCF -0.51x 55.9x 3.2x -0.75x -2.51x -13.6x
FCF Yield -195% 1.79% 31.2% -133% -39.8% -7.33%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -4.881 -1.714 -1.773 -1.53 -1.541 -1.74
Distribution rate - - - - - -
Net sales 1 1,008 1,107 643.6 772 817.4 663.5
EBITDA 1 -802.1 -344.9 -319.8 -270.6 -229.5 -192.3
EBIT 1 -1,062 -529.6 -467.6 -391.1 -336.6 -401.2
Net income 1 -1,313 -460.9 -476.9 -411.5 -414.5 -466.9
Net Debt 1 -2,264 -2,819 -2,518 -1,135 -473.7 -119.8
Reference price 2 9.220 7.300 7.020 7.550 6.560 4.800
Nbr of stocks (in thousands) 268,955 268,955 268,955 268,955 268,955 268,955
Announcement Date 24/03/21 24/03/22 15/03/23 06/03/24 10/03/25 10/03/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 37.82M
27.17x4.21x13.56x2.13% 122B
16.7x5.38x26.76x4.12% 56.77B
63.72x1.31x8.61x6.06% 38.27B
11.62x1.2x6.53x2.9% 33.4B
9.34x3.04x7.14x4.65% 24.47B
8.25x0.83x5.13x4.6% 19.37B
69.83x12.65x45.95x0.07% 18.64B
16.42x0.79x5.83x1.88% 19.33B
9.89x1.01x7.74x4.31% 17.7B
Average 25.88x 3.38x 14.14x 3.41% 34.99B
Weighted average by Cap. 26.50x 3.63x 14.58x 3.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation Asia Plastic Recycling Holding Limited