Company Valuation: BTL Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 2,540 1,954 1,830 1,540 1,849
Change - -23.08% -6.35% -15.88% 20.11%
Enterprise Value (EV) 1 2,645 2,209 2,213 1,795 2,160
Change - -16.48% 0.19% -18.89% 20.35%
P/E 19.8x 14.6x -33.6x 94.1x 39.2x
PBR 3.77x 2.59x 2.26x 1.53x 1.78x
PEG 0x 3.13x 0x -1x 0x
Capitalization / Revenue 3.08x 2.2x 2.6x 1.84x 2.03x
EV / Revenue 3.21x 2.49x 3.15x 2.14x 2.38x
EV / EBITDA 11.7x 11.2x 161x 20.1x 13.5x
EV / EBIT 16.7x 17.8x -29.2x -151x 35.7x
EV / FCF - - - - -
FCF Yield - - - - -
Dividend per Share 2 2.364 2.727 - 0.3 0.9992
Rate of return 2.35% 3.53% - 0.59% 1.64%
EPS 2 5.073 5.309 -1.961 0.54 1.556
Distribution rate 46.6% 51.4% - 55.6% 64.2%
Net sales 1 825.1 888.2 702.8 838.2 909.1
EBITDA 1 225.4 198 13.77 89.29 160.2
EBIT 1 158.1 123.8 -75.84 -11.86 60.49
Net income 1 129.2 134.9 -53.46 15.5 47.96
Net Debt 1 104.2 254.5 382.7 255.4 311.1
Reference price 2 100.45 77.27 65.82 50.80 61.00
Nbr of stocks (in thousands) 25,289 25,289 27,806 30,306 30,313
Announcement Date 4/27/22 3/1/23 3/8/24 3/13/25 3/18/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 67.67M
33.01x17.01x24.19x0.65% 769B
39.88x7.25x25.73x0.9% 87.29B
24.18x4.82x10.5x0.68% 72.45B
11.24x1.46x7.24x0.99% 47.36B
-72.94x16.71x40.54x-.--% 42.25B
44.13x1.69x9.5x-.--% 46.08B
21.34x3.6x8.54x1.48% 34.27B
20.1x6.14x11.77x-.--% 26.33B
10.51x2.68x6.46x-.--% 26.6B
Average 14.61x 6.82x 16.05x 0.52% 115.17B
Weighted average by Cap. 27.48x 13.26x 21.60x 0.63%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BTL Inc.

Historical PBR trend

Valuation ratios - PBR - BTL Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BTL Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BTL Inc.