Company Valuation: Adda Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,760 3,283 2,696 3,856 2,986 2,558
Change - 18.93% -17.88% 43.01% -22.54% -14.36%
Enterprise Value (EV) 1 2,243 2,991 2,380 3,406 2,564 2,049
Change - 33.36% -20.42% 43.1% -24.73% -20.08%
P/E 13.9x 16.2x 11.8x 29x 33.6x 40.8x
PBR 1.95x 2.29x 1.74x 2.61x 1.95x 1.71x
PEG - 7.37x 1x -0.7x -1x -1.4x
Capitalization / Revenue 1.3x 1.31x 0.97x 1.61x 1.21x 1.1x
EV / Revenue 1.06x 1.19x 0.85x 1.42x 1.04x 0.88x
EV / EBITDA 8.7x 10x 7.8x 17.2x 10.8x 8.95x
EV / EBIT 11.7x 13.4x 11.7x 40x 18.1x 14.9x
EV / FCF 12.4x -31.6x 12.9x 8.17x -67.2x 11.9x
FCF Yield 8.06% -3.16% 7.77% 12.2% -1.49% 8.4%
Dividend per Share 2 1.597 1.6 1.664 1.03 0.81 0.8
Rate of return 6.3% 5.31% 6.76% 2.94% 2.98% 3.44%
EPS 2 1.82 1.86 2.08 1.209 0.8086 0.57
Distribution rate 87.8% 86% 80% 85.2% 100% 140%
Net sales 1 2,120 2,504 2,789 2,395 2,477 2,332
EBITDA 1 257.7 298.8 305.3 198.2 238.1 229
EBIT 1 192 222.8 202.8 85.24 141.4 137.9
Net income 1 199.1 203 227.8 132.7 88.94 62.76
Net Debt 1 -517.6 -292.2 -315.8 -449.5 -422.9 -508.6
Reference price 2 25.35 30.15 24.60 35.05 27.15 23.25
Nbr of stocks (in thousands) 108,888 108,888 109,591 110,000 110,000 110,000
Announcement Date 3/26/21 3/29/22 3/22/23 3/26/24 3/26/25 3/20/26
1TWD in Million2TWD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 84.57M
37.99x13.57x24.85x0.73% 134B
41.27x8.29x31.3x1.37% 51.58B
30.66x1.41x16.19x-.--% 46.6B
25.12x2.11x10.08x1.26% 38.29B
33.57x2.34x16.22x1.43% 31.89B
32.52x4.93x19.69x-.--% 31.51B
10.72x5.97x16.66x1.41% 26.87B
32.21x4.93x19.7x0.72% 18.86B
25.25x3.21x13.44x-.--% 17.79B
Average 29.92x 5.20x 18.68x 0.77% 39.71B
Weighted average by Cap. 32.83x 7.37x 20.83x 0.79%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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