Company Valuation: Center Laboratories, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 31,736 30,555 28,132 30,630 31,591 31,056
Change - -3.72% -7.93% 8.88% 3.14% -1.69%
Enterprise Value (EV) 1 34,577 31,068 29,252 32,827 36,070 35,097
Change - -10.15% -5.84% 12.22% 9.88% -2.7%
P/E 8.42x 17.3x 278x -29.5x -28.2x 3.64x
PBR 1.76x 1.61x 1.46x 1.54x 1.75x 1.17x
PEG - -0.3x -2.9x 0x -7.71x -0x
Capitalization / Revenue 44.3x 61.1x 36.6x 22x 19.5x 20.5x
EV / Revenue 48.2x 62.1x 38.1x 23.5x 22.3x 23.1x
EV / EBITDA -82x -141x 92.5x 152x 94.1x -175x
EV / EBIT -73.3x -122x 103x 418x 154x -97.1x
EV / FCF 6,826x -5.65x 4.54x -13.9x 547x 132x
FCF Yield 0.01% -17.7% 22% -7.22% 0.18% 0.76%
Dividend per Share 2 0.9789 1.751 0.8179 1.36 0.6799 1.664
Rate of return 2.16% 4.02% 2.1% 3.39% 1.71% 4.2%
EPS 2 5.383 2.519 0.1402 -1.36 -1.41 10.9
Distribution rate 18.2% 69.5% 583% -100% -48.2% 15.3%
Net sales 1 717 500.1 767.7 1,394 1,618 1,516
EBITDA 1 -421.5 -220.8 316.1 216 383.2 -200.9
EBIT 1 -471.8 -254.2 284.1 78.56 234.1 -361.6
Net income 1 3,786 1,816 102.2 -995.4 -1,104 9,323
Net Debt 1 2,841 512.5 1,120 2,197 4,480 4,041
Reference price 2 45.35 43.54 39.01 40.16 39.75 39.62
Nbr of stocks (in thousands) 699,786 701,772 721,156 762,726 794,720 783,789
Announcement Date 3/31/21 3/30/22 3/28/23 3/19/24 3/14/25 3/9/26
1TWD in Million2TWD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 754M
32.72x11.9x24.26x0.6% 1,024B
30.62x - - 1.95% 663B
32.73x7.6x15.8x2.67% 453B
19.89x4.73x11.71x2.8% 352B
22.72x5.84x14.51x2.7% 304B
20.87x4.29x12.24x2.06% 252B
27.66x7.14x13.15x2.31% 236B
13.33x4.82x10.06x3.78% 206B
-46.14x6.65x25.95x2.18% 187B
Average 17.16x 6.62x 15.96x 2.34% 367.91B
Weighted average by Cap. 24.05x 7.99x 17.80x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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