Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 330,524 - -
Change - -40.62% 71.5% 6.71% 175.2% 9.53% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 268,189 253,266 248,211
Change - -45.48% 94.91% 6.02% 199.22% -6.82% -5.56% -2%
P/E 12.4x 12.1x 29.6x 15x 36.5x 4.37x 7.48x 3.82x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 2.96x 2.69x 2.59x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.2x 0x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 1.38x 1.33x 1.37x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.12x 1.02x 1.03x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 3.47x 4.43x 3.8x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 3.42x 6.04x 3.88x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 9.33x 7.14x 2.87x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 10.7% 14% 34.8%
Dividend per Share 2 23 14.72 13.26 - 23.23 145.7 78.41 68.82
Rate of return 4.49% 4.67% 2.55% - 1.6% 9.75% 5.24% 4.6%
EPS 2 41.34 26.06 17.57 35.68 39.74 342 199.7 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 42.6% 39.3% 17.6%
Net sales 1 62,557 60,256 48,222 58,936 72,664 240,071 249,020 240,396
EBITDA 1 9,827 7,890 4,827 4,766 9,628 77,299 57,116 65,330
EBIT 1 9,084 6,844 3,622 3,533 8,266 78,488 41,965 63,981
Net income 1 8,147 5,401 3,624 7,953 8,739 75,906 43,588 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -62,335 -77,258 -82,312
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 1,495.00 1,495.00 1,495.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,086 - -
Announcement Date 04/03/22 16/03/23 12/03/24 07/03/25 06/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.37x1.12x3.47x9.75% 10.18B
30x11.09x32.52x0.83% 38.5B
64.18x29.07x62.28x0.49% 35.42B
10.19x3.08x5.44x0.89% 21.19B
35.81x - - - 9.72B
28.95x - - - 8.84B
3.02x - - - 3.58B
28.89x1.69x11.99x - 2.64B
Average 25.68x 9.21x 23.14x 2.99% 16.26B
Weighted average by Cap. 33.67x 14.25x 33.73x 1.59%

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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