Company Valuation: Alchip Technologies, Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 72,039 56,564 243,184 264,323 284,363 350,423 - -
Change - -21.48% 329.92% 8.69% 7.58% 23.23% - -
Enterprise Value (EV) 1 63,825 49,880 229,048 235,103 245,806 317,844 308,088 305,712
Change - -21.85% 359.2% 2.64% 4.55% 29.31% -3.07% -0.77%
P/E 51x 30.7x 72x 40.3x 52x 28.8x 22x 15x
PBR 6.97x 4.55x 13.5x 6.7x 6.99x 6.57x 5.32x 4.23x
PEG - 1.1x 0.9x 0.5x -3.1x 0x 0.7x 0.3x
Capitalization / Revenue 6.91x 4x 7.89x 5.09x 9.19x 4.57x 3.07x 1.84x
EV / Revenue 6.12x 3.53x 7.43x 4.52x 7.95x 4.14x 2.7x 1.6x
EV / EBITDA 19x 11.4x 39.6x 24.9x 30.4x 18.7x 14.5x 9.69x
EV / EBIT 34.9x 20.9x 60.3x 36.2x 49x 22.7x 17x 11.1x
EV / FCF -64.1x -39.2x 32.8x 173x 18.9x -23.5x 14.2x -41.6x
FCF Yield -1.56% -2.55% 3.05% 0.58% 5.28% -4.26% 7.05% -2.4%
Dividend per Share 2 10.52 12.86 22.71 40.05 - 55.49 89.99 122.9
Rate of return 1.03% 1.63% 0.69% 1.22% - 1.37% 2.21% 3.02%
EPS 2 20 25.7 45.5 81.34 67.51 141.1 184.5 271.6
Distribution rate 52.6% 50% 49.9% 49.2% - 39.3% 48.8% 45.2%
Net sales 1 10,428 14,147 30,810 51,969 30,926 76,718 114,000 190,493
EBITDA 1 3,360 4,369 5,783 9,437 8,077 17,008 21,281 31,556
EBIT 1 1,828 2,382 3,801 6,496 5,017 14,031 18,096 27,540
Net income 1 1,490 1,890 3,357 6,446 5,598 11,739 15,307 23,016
Net Debt 1 -8,214 -6,685 -14,136 -29,220 -38,556 -32,580 -42,335 -44,711
Reference price 2 1,020.00 788.00 3,275.00 3,280.00 3,510.00 4,065.00 4,065.00 4,065.00
Nbr of stocks (in thousands) 70,627 71,782 74,255 80,586 81,015 86,205 - -
Announcement Date 3/4/22 3/15/23 3/8/24 3/13/25 3/12/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.78x12.42x18.72x0.34% 5,253B
22.54x11.06x14.98x1.12% 1,982B
40.93x16.78x24.69x0.71% 1,755B
12.85x7.79x9.42x0.06% 1,054B
4.73x2.93x3.53x0.22% 874B
81.26x14.71x55.3x-.--% 760B
-38.78x7.82x21.76x-.--% 470B
190.21x41.47x84.56x-.--% 255B
Average 41.94x 14.37x 29.12x 0.31% 1,550B
Weighted average by Cap. 27.47x 12.32x 20.82x 0.45%

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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