Company Valuation: Pegatron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 184,437 169,395 232,597 244,747 183,999 236,278 - -
Change - -8.16% 37.31% 5.22% -24.82% 28.41% - -
Enterprise Value (EV) 1 178,626 169,395 188,017 161,467 118,277 172,968 166,848 177,448
Change - -5.17% 10.99% -14.12% -26.75% 46.24% -3.54% 6.35%
P/E 9.07x 11.3x 14.8x 14.5x 12.7x 15.9x 12.4x 10.6x
PBR 1.11x - 1.23x 1.18x 0.88x 1.12x 1.08x 1.03x
PEG - -0.4x 2.76x 1.94x -0.8x 5.47x 0.4x 0.6x
Capitalization / Revenue 0.15x 0.13x 0.19x 0.22x 0.16x 0.2x 0.16x 0.14x
EV / Revenue 0.14x 0.13x 0.15x 0.14x 0.11x 0.15x 0.11x 0.1x
EV / EBITDA 5.86x 4.21x 6.25x 5.73x 4.49x 4.87x 3.84x 3.4x
EV / EBIT 10.6x 6.67x 12.7x 12.9x 10.2x 9.49x 6.34x 5.28x
EV / FCF 5.46x - 2.67x 4.67x -95.1x -12.6x 21.1x 14.2x
FCF Yield 18.3% - 37.4% 21.4% -1.05% -7.96% 4.74% 7.02%
Dividend per Share 2 4.5 - 4 4.5 - 3.992 4.836 5.033
Rate of return 6.51% - 4.58% 4.9% - 4.52% 5.48% 5.7%
EPS 2 7.62 5.6 5.9 6.34 5.39 5.547 7.135 8.36
Distribution rate 59.1% - 67.8% 71% - 72% 67.8% 60.2%
Net sales 1 1,263,720 1,317,599 1,256,783 1,125,349 1,117,160 1,187,051 1,467,160 1,743,763
EBITDA 1 30,505 40,194 30,083 28,202 26,338 35,547 43,416 52,228
EBIT 1 16,854 25,385 14,753 12,501 11,609 18,229 26,310 33,582
Net income 1 20,546 15,096 15,713 16,877 14,403 14,719 19,627 24,070
Net Debt 1 -5,811 - -44,581 -83,280 -65,721 -63,310 -69,430 -58,830
Reference price 2 69.10 63.50 87.30 91.90 68.60 88.30 88.30 88.30
Nbr of stocks (in thousands) 2,669,132 2,667,634 2,664,346 2,663,188 2,682,200 2,675,852 - -
Announcement Date 10/03/22 16/03/23 15/03/24 13/03/25 11/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.22x1.87x14.79x0.47% 346B
22.48x9.07x16.09x0.39% 176B
19.78x1.89x9.65x1.01% 74.18B
16.95x0.43x7.84x1.89% 49.34B
30.24x5.28x18x1.37% 38.33B
33.73x20.56x25.47x1.32% 35B
13.52x0.59x7.21x3.55% 30.5B
12.01x0.63x9.35x5.6% 21.61B
16.52x0.32x9.43x0.73% 20.99B
Average 20.83x 4.52x 13.09x 1.81% 87.89B
Weighted average by Cap. 21.85x 4.25x 14.21x 0.94%

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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