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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 113M
38.25x13.23x24.36x0.76% 121B
66.81x9.76x46.97x1.12% 57.54B
33.33x1.57x17.88x-.--% 50.14B
30.79x2.51x12.05x1.08% 43.53B
38.29x2.38x17.02x1.41% 31.75B
32.17x4.87x19.42x-.--% 30.21B
9.37x5.4x10.4x2.07% 23.03B
43.68x2.27x20.65x0.39% 20.4B
34.87x5.35x21.42x0.66% 20.24B
Average 36.40x 5.26x 21.13x 0.83% 39.77B
Weighted average by Cap. 38.92x 7.16x 23.36x 0.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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