Company Valuation: ChipMOS TECHNOLOGIES INC.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,344 24,363 30,726 22,799 32,789 63,558 - -
Change - -31.07% 26.12% -25.8% 43.82% 93.84% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 66,994 68,800 67,375
Change - -28.03% 10.18% -41.97% 81.82% 104.32% 2.7% -2.07%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 21.1x 14.4x 12.3x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.36x 2.15x 1.99x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.3x 0.8x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 2.1x 1.83x 1.64x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.22x 1.98x 1.73x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 7.98x 6.67x 5.97x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 19.4x 13.1x 11.2x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -112x - -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -0.9% - -
Dividend per Share 2 2.2 2.3 1.8 1.2 - 1.247 2.076 3.097
Rate of return 4.53% 6.87% 4.26% 3.83% - 1.37% 2.29% 3.41%
EPS 2 6.96 4.64 2.6 1.95 0.7 4.301 6.322 7.355
Distribution rate 31.6% 49.6% 69.2% 61.5% - 29% 32.8% 42.1%
Net sales 1 27,400 23,517 21,356 22,696 23,933 30,223 34,721 38,868
EBITDA 1 10,197 7,969 6,686 6,130 - 8,391 10,317 11,292
EBIT 1 5,562 3,217 1,915 1,274 1,143 3,454 5,259 6,001
Net income 1 5,059 3,372 1,893 1,420 495.1 3,053 4,501 5,148
Net Debt 1 3,850 3,844 352.5 -4,765 - 3,436 5,242 3,816
Reference price 2 48.60 33.50 42.25 31.35 47.15 90.80 90.80 90.80
Nbr of stocks (in thousands) 727,240 727,240 727,240 727,240 695,418 699,983 - -
Announcement Date 24/02/22 23/02/23 22/02/24 25/02/25 24/02/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.11x2.22x7.98x - 1.96B
40.92x13.66x31.95x0.58% 683B
54.28x16.4x43.89x0.34% 382B
39.31x8.64x27.11x1.26% 174B
35.86x3.72x16.93x1.45% 83.16B
50.3x16.31x33.81x0.75% 23.64B
50.02x6.56x23.19x0.31% 19.7B
25.8x3.81x16.32x1.19% 18.31B
30.11x2.27x12.33x0.54% 16.1B
52.49x9.51x30.25x - 13.56B
Average 40.02x 8.31x 24.38x 0.8% 141.56B
Weighted average by Cap. 44.08x 12.83x 33.13x 0.66%

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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