Company Valuation: CTCI Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,369 33,000 33,776 31,281 27,543 40,076 - -
Change - 16.32% 2.35% -7.39% -11.95% 45.5% - -
Enterprise Value (EV) 1 23,809 31,996 28,041 35,379 30,741 80,570 40,076 40,076
Change - 34.39% -12.36% 26.17% -13.11% 162.09% -50.26% 0%
P/E 17.3x 13.8x 17.6x 15.9x 16.2x 11.9x - -
PBR 1.71x 1.9x 1.88x 1.59x 1.36x 1.55x - -
PEG - 0.3x -0.8x 9.5x -1.2x 0.1x - -
Capitalization / Revenue 0.4x 0.35x 0.33x 0.26x 0.3x 0.44x 0.36x 0.35x
EV / Revenue 0.34x 0.34x 0.27x 0.3x 0.33x 0.88x 0.36x 0.35x
EV / EBITDA 7.16x 6.8x 6.24x 6.28x 5.78x 11.3x 5.06x 4.68x
EV / EBIT 10.9x 9.03x 8.55x 8.17x 7.59x 13.7x - -
EV / FCF 2.05x -22.5x 11.8x -5.02x 3.29x -12.3x -101x 12.9x
FCF Yield 48.7% -4.44% 8.49% -19.9% 30.4% -8.1% -0.99% 7.74%
Dividend per Share 2 2.051 1.704 1.837 1.784 0.1963 1.747 - -
Rate of return 6.18% 4.56% 4.89% 5.18% 0.65% 4.19% - -
EPS 2 1.918 2.703 2.132 2.167 1.874 3.493 - -
Distribution rate 107% 63% 86.2% 82.3% 10.5% 50% - -
Net sales 1 70,540 95,101 103,527 119,925 91,848 91,562 110,941 113,499
EBITDA 1 3,324 4,707 4,496 5,631 5,319 7,152 7,927 8,556
EBIT 1 2,175 3,545 3,279 4,331 4,051 5,870 - -
Net income 1 1,642 2,379 1,891 1,942 1,691 3,180 - -
Net Debt 1 -4,560 -1,004 -5,734 4,098 3,198 40,494 - -
Reference price 2 33.18 37.33 37.59 34.43 30.32 41.70 41.70 41.70
Nbr of stocks (in thousands) 855,011 884,069 898,425 908,584 908,354 961,043 - -
Announcement Date 09/03/22 08/03/23 07/03/24 28/02/25 10/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.94x0.88x11.27x4.19% 1.27B
56.24x2.59x24.73x0.07% 97.81B
12.27x1.05x5.76x4.77% 71.68B
26.31x2.02x19.89x1.17% 56.38B
34.81x4.38x23.78x0.19% 59.41B
50.68x4.03x25.66x1.8% 40.39B
28.93x0.71x11.79x2.14% 36.35B
23.83x1.63x15.02x0.19% 34.43B
22.95x0.47x7.39x2.57% 31.6B
5.02x0.31x5.81x5.85% 26.79B
Average 27.30x 1.81x 15.11x 2.29% 45.61B
Weighted average by Cap. 32.29x 2.13x 17.00x 1.81%

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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