Company Valuation: ASROCK Incorporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 34,604 17,323 31,262 28,533 30,640 26,251 -
Change - -49.94% 80.46% -8.73% 7.38% -14.33% -
Enterprise Value (EV) 1 31,204 14,021 28,215 25,314 24,535 18,341 17,071
Change - -55.07% 101.24% -10.28% -3.07% -25.25% -6.92%
P/E 14.4x 16.4x 34.1x 22x 16.3x 11x 8.67x
PBR 4.18x 2.11x 3.85x 3.08x 2.57x 2.06x 1.87x
PEG - -0.3x -2.7x 0.6x 0.4x 0.4x 0.3x
Capitalization / Revenue 1.75x 1.01x 1.65x 1.11x 0.64x 0.43x 0.34x
EV / Revenue 1.58x 0.82x 1.49x 0.99x 0.51x 0.3x 0.22x
EV / EBITDA 9.91x 10.6x 21.1x 13.6x 8.32x 3.98x 2.92x
EV / EBIT 10.2x 11.8x 24.6x 15.1x 8.94x 3.98x 2.92x
EV / FCF 31.9x 13.3x 10.8x -92.1x 21.9x 6.19x 6.45x
FCF Yield 3.13% 7.51% 9.29% -1.09% 4.57% 16.2% 15.5%
Dividend per Share 2 13 - 6.9 5.3 11 12.88 16.3
Rate of return 4.62% - 2.68% 2.29% 4.44% 5.94% 7.51%
EPS 2 19.53 8.65 7.54 10.54 15.18 19.81 25.03
Distribution rate 66.6% - 91.5% 50.3% 72.5% 65% 65.1%
Net sales 1 19,763 17,121 18,992 25,654 47,839 60,722 76,754
EBITDA 1 3,150 1,320 1,338 1,867 2,949 4,608 5,842
EBIT 1 3,058 1,185 1,147 1,672 2,745 4,612 5,850
Net income 1 2,381 1,066 919 1,289 1,888 2,448 3,092
Net Debt 1 -3,399 -3,302 -3,046 -3,220 -6,104 -7,910 -9,180
Reference price 2 281.50 142.00 257.00 231.50 248.00 217.00 217.00
Nbr of stocks (in thousands) 122,925 121,993 121,641 123,254 123,548 123,532 -
Announcement Date 23/02/22 09/03/23 06/03/24 13/03/25 26/02/26 - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.95x0.31x4.1x5.94% 836M
14.64x0.73x10.48x3.5% 29.19B
12.47x0.52x8.77x-.--% 17.59B
28.98x0.54x21.88x0.36% 15.07B
25.83x - - - 63.12M
Average 18.57x 0.52x 11.31x 2.45% 12.55B
Weighted average by Cap. 17.44x 0.62x 12.65x 1.8%

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 ASROCK Incorporation