Company Valuation: Gold Circuit Electronics Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,098 37,975 106,098 117,535 334,355 368,420 - -
Change - -7.6% 179.39% 10.78% 184.47% 10.19% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 390,494 390,642 381,851
Change - -10.11% 175.6% 11.77% 188.81% 16.96% 0.04% -2.25%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 26.3x 14x 10.6x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 8.14x 5.64x 3.8x
PEG - 0.2x -1.7x 0.4x 0.5x 0.6x 0.2x 0.3x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 3.79x 2.49x 1.89x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 4.01x 2.64x 1.96x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 13.1x 7.55x 5.38x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 14x 8.17x 5.69x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -110x 791x 16.6x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -0.91% 0.13% 6.02%
Dividend per Share 2 2.444 - 3.5 6 10 12.66 24.08 37.61
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.74% 3.3% 5.16%
EPS 2 5.978 8.78 7.25 11.54 19.47 27.7 52.07 68.58
Distribution rate 40.9% - 48.3% 52% 51.4% 45.7% 46.2% 54.8%
Net sales 1 26,607 32,785 30,044 38,952 60,004 97,294 147,928 195,032
EBITDA 1 4,898 6,911 6,103 9,156 15,359 29,698 51,731 70,967
EBIT 1 4,123 6,037 5,136 8,067 14,043 27,825 47,831 67,055
Net income 1 2,927 4,568 3,529 5,616 9,607 18,257 28,127 34,790
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 22,074 22,222 13,431
Reference price 2 84.44 86.80 218.00 241.50 687.00 729.00 729.00 729.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 505,378 - -
Announcement Date 21/03/22 15/03/23 15/03/24 13/03/25 12/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.21x4.43x14.51x1.57% 12.63B
49.1x7.8x39.2x1.61% 163B
66.52x9.86x18.94x-.--% 104B
50.98x - - 0.2% 51.36B
43.57x8.9x33.01x1.1% 48.81B
8356.11x79.08x2510.24x - 44.45B
47.73x6.77x26.3x0.86% 38.71B
41.94x6.99x28.48x1.05% 32.01B
31.38x7.28x23.96x0.63% 30.06B
22.37x6.16x17.24x1.52% 29.81B
Average 873.89x 15.25x 301.32x 0.95% 55.57B
Weighted average by Cap. 713.22x 14.27x 247.71x 0.93%

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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