Company Valuation: Altek Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 9,075 12,766 9,160 10,335 11,587 12,393
Change - 40.67% -28.25% 12.83% 12.11% 6.96%
Enterprise Value (EV) 1 5,913 10,496 6,672 7,413 7,277 8,273
Change - 77.5% -36.44% 11.11% -1.83% 13.68%
P/E 57.3x 57.3x 20.1x 29.6x 33.8x 32.8x
PBR 1.07x 1.51x 1.03x 1.18x 1.15x 1.24x
PEG - 1.4x 0.2x -1.3x -3.3x 3.71x
Capitalization / Revenue 1.49x 1.41x 0.65x 1.14x 1.61x 1.43x
EV / Revenue 0.97x 1.16x 0.48x 0.81x 1.01x 0.95x
EV / EBITDA 17x 19.3x 8.08x 9.36x 13.9x 12.1x
EV / EBIT 69.2x 45.1x 15.1x 20.7x 22.2x 17.4x
EV / FCF 49.7x -11.7x -310x 5.65x 8.61x 25.3x
FCF Yield 2.01% -8.54% -0.32% 17.7% 11.6% 3.96%
Dividend per Share 2 0.5 0.6879 1 0.7 1 1
Rate of return 1.48% 1.45% 3.02% 1.87% 2.62% 2.48%
EPS 2 0.59 0.83 1.65 1.26 1.13 1.23
Distribution rate 84.7% 82.9% 60.6% 55.6% 88.5% 81.3%
Net sales 1 6,103 9,086 14,028 9,099 7,196 8,677
EBITDA 1 347.3 542.5 825.7 791.6 523.4 682.4
EBIT 1 85.47 232.5 443 358 327.8 474.7
Net income 1 160.4 224.7 456.7 351 318 377.7
Net Debt 1 -3,162 -2,271 -2,488 -2,922 -4,309 -4,120
Reference price 2 33.80 47.60 33.10 37.35 38.15 40.35
Nbr of stocks (in thousands) 268,497 268,201 276,728 276,710 303,710 307,142
Announcement Date 3/26/21 3/14/22 3/13/23 3/12/24 3/18/25 3/12/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 393M
21.44x5.92x11.51x2.3% 16.36B
45.25x3.31x47.96x0.22% 7.65B
42.39x - - - 7.3B
82.74x1.12x15.85x0.9% 4.47B
53.34x8.81x44.89x0.62% 2.05B
14.31x1.87x5.26x3.16% 1.84B
19.45x - - - 1.24B
Average 39.85x 4.21x 25.10x 1.44% 5.16B
Weighted average by Cap. 37.55x 4.59x 22.49x 1.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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