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 56,564 243,184 264,323 284,363 317,665 - -
Change - -21.48% 329.92% 8.69% 7.58% 11.71% - -
Enterprise Value (EV) 1 63,825 49,880 229,048 235,103 245,806 286,937 277,474 270,344
Change - -21.85% 359.2% 2.64% 4.55% 16.73% -3.3% -2.57%
P/E 51x 30.7x 72x 40.3x 52x 26.1x 20x 15.3x
PBR 6.97x 4.55x 13.5x 6.7x 6.99x 5.17x 4.68x 3.69x
PEG - 1.1x 0.9x 0.5x -3.1x 0x 0.6x 0.5x
Capitalization / Revenue 6.91x 4x 7.89x 5.09x 9.19x 4.15x 2.72x 1.75x
EV / Revenue 6.12x 3.53x 7.43x 4.52x 7.95x 3.75x 2.38x 1.49x
EV / EBITDA 19x 11.4x 39.6x 24.9x 30.4x 16.2x 12.8x 8.37x
EV / EBIT 34.9x 20.9x 60.3x 36.2x 49x 20.2x 15x 10.3x
EV / FCF -64.1x -39.2x 32.8x 173x 18.9x -21.2x 12.8x -36.8x
FCF Yield -1.56% -2.55% 3.05% 0.58% 5.28% -4.72% 7.83% -2.72%
Dividend per Share 2 10.52 12.86 22.71 40.05 - 62.81 91.84 125.9
Rate of return 1.03% 1.63% 0.69% 1.22% - 1.7% 2.49% 3.42%
EPS 2 20 25.7 45.5 81.34 67.51 141.1 184.5 241
Distribution rate 52.6% 50% 49.9% 49.2% - 44.5% 49.8% 52.2%
Net sales 1 10,428 14,147 30,810 51,969 30,926 76,609 116,617 181,589
EBITDA 1 3,360 4,369 5,783 9,437 8,077 17,697 21,686 32,284
EBIT 1 1,828 2,382 3,801 6,496 5,017 14,212 18,451 26,327
Net income 1 1,490 1,890 3,357 6,446 5,598 11,740 15,307 19,820
Net Debt 1 -8,214 -6,685 -14,136 -29,220 -38,556 -30,728 -40,192 -47,322
Reference price 2 1,020.00 788.00 3,275.00 3,280.00 3,510.00 3,685.00 3,685.00 3,685.00
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.($)
26.13x3.75x16.21x1.7% 9.97B
22.79x12.95x19.62x0.33% 5,486B
23.01x11.3x15.32x1.09% 2,014B
38.52x16.23x23.84x0.73% 1,695B
14.5x8.9x10.7x0.05% 1,203B
106.29x19.25x73.16x-.--% 992B
5x3.22x3.89x0.2% 949B
-50.23x10.02x27.88x-.--% 609B
232.94x51.14x104.16x-.--% 314B
Average 46.55x 15.20x 32.76x 0.46% 1,475B
Weighted average by Cap. 30.67x 13.29x 23.95x 0.42%

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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