Company Valuation: ASMPT Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,770 22,960 30,881 31,193 32,357 66,518 - -
Change - -33.97% 34.5% 1.01% 3.73% 105.58% - -
Enterprise Value (EV) 1 32,788 20,947 28,447 29,456 30,085 62,620 61,723 59,583
Change - -36.11% 35.8% 3.55% 2.13% 108.14% -1.43% -3.47%
P/E 11x 8.79x 43.1x 90.2x 35.9x 36.3x 25.6x 19.6x
PBR 2.27x 1.45x 1.97x 2.05x 1.9x 3.62x 3.29x 2.89x
PEG - -0.5x -0.6x -1.7x 0x 0x 0.6x 0.6x
Capitalization / Revenue 1.58x 1.19x 2.1x 2.36x 2.36x 3.48x 2.97x 2.61x
EV / Revenue 1.49x 1.08x 1.94x 2.23x 2.19x 3.28x 2.76x 2.33x
EV / EBITDA 6.72x 5.27x 15.7x 23.3x 23x 19.2x 14.8x 11.4x
EV / EBIT 7.92x 6.47x 25.8x 57.6x 49x 24.4x 18.1x 13.7x
EV / FCF 16.6x - 14.4x 51.2x -199x 94.4x 41.2x 26.8x
FCF Yield 6.03% - 6.93% 1.95% -0.5% 1.06% 2.43% 3.74%
Dividend per Share 2 3.9 3.2 0.87 0.42 0.6 2.207 2.985 4.149
Rate of return 4.63% 5.75% 1.17% 0.56% 0.77% 1.39% 1.88% 2.62%
EPS 2 7.69 6.33 1.73 0.83 2.16 4.373 6.207 8.111
Distribution rate 50.7% 50.6% 50.3% 50.6% 27.8% 50.5% 48.1% 51.1%
Net sales 1 21,948 19,363 14,697 13,229 13,736 19,093 22,359 25,525
EBITDA 1 4,879 3,975 1,818 1,266 1,310 3,266 4,170 5,224
EBIT 1 4,142 3,237 1,104 511.4 614.5 2,563 3,417 4,357
Net income 1 3,169 2,620 715.4 345.3 902 1,833 2,585 3,367
Net Debt 1 -1,983 -2,013 -2,434 -1,737 -2,272 -3,898 -4,795 -6,935
Reference price 2 84.25 55.65 74.50 74.90 77.45 158.60 158.60 158.60
Nbr of stocks (in thousands) 412,705 412,572 414,505 416,459 417,780 419,408 - -
Announcement Date 2/22/22 2/28/23 2/27/24 2/25/25 3/4/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.26x3.28x19.17x1.39% 8.48B
38.74x12.84x29.2x0.62% 655B
32.71x10.89x26.99x0.37% 385B
31.38x7.02x21.74x1.57% 155B
31.59x3.43x15.83x1.65% 81.73B
50.79x6.76x23.58x0.29% 21.2B
38.6x12.38x25.7x0.98% 19.06B
20.89x3.04x13.03x1.46% 15.79B
44.94x8.21x24.42x - 13.15B
Average 36.21x 7.54x 22.18x 1.04% 150.52B
Weighted average by Cap. 35.77x 10.73x 26.47x 0.73%

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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