Company Valuation: Chailease Holding Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 421,704 343,492 311,612 206,549 180,555 206,226 - -
Change - -18.55% -9.28% -33.72% -12.58% 14.22% - -
Enterprise Value (EV) 1 834,702 842,620 946,348 854,040 820,528 932,951 954,335 206,226
Change - 0.95% 12.31% -9.75% -3.92% 13.7% 2.29% -78.39%
P/E 17.8x 12.8x 12.7x 8.49x 9.39x 9.95x 9.04x 8.59x
PBR 3.49x 2.43x 1.91x 1.1x 0.99x 1.14x 1.04x 0.99x
PEG - 0.6x -1.43x -0.8x -0.7x 1.28x 0.91x 1.61x
Capitalization / Revenue 5.84x 3.97x 3.2x 2.02x 1.85x 2.05x 1.99x -
EV / Revenue 11.6x 9.73x 9.7x 8.35x 8.41x 9.29x 9.21x -
EV / EBITDA 21.5x 19.4x 23.4x 22x 22.3x 21.1x 20.9x -
EV / EBIT 24.9x 22.8x 28.7x 28.6x 30.1x 30.7x 29.3x -
EV / FCF 26.6x 56x -55.6x 44.6x 41.8x -700x -42.2x -
FCF Yield 3.76% 1.79% -1.8% 2.24% 2.39% -0.14% -2.37% -
Dividend per Share 2 5.385 6.031 6.248 - 5.8 5.782 6.201 7.043
Rate of return 2.28% 2.95% 3.37% - 5.5% 4.8% 5.15% 5.85%
EPS 2 13.28 15.98 14.56 13.05 11.24 12.11 13.32 14.03
Distribution rate 40.5% 37.7% 42.9% - 51.6% 47.7% 46.5% 50.2%
Net sales 1 72,160 86,608 97,526 102,292 97,567 100,424 103,622 -
EBITDA 1 38,804 43,466 40,486 38,780 36,715 44,184 45,744 -
EBIT 1 33,485 36,971 32,931 29,910 27,219 30,419 32,588 -
Net income 1 21,644 27,222 25,034 22,586 19,810 21,118 23,273 24,014
Net Debt 1 412,998 499,128 634,736 647,491 639,973 726,725 748,109 -
Reference price 2 236.48 204.48 185.51 110.78 105.50 120.50 120.50 120.50
Nbr of stocks (in thousands) 1,783,269 1,679,801 1,679,801 1,864,421 1,711,421 1,711,421 - -
Announcement Date 2/24/22 2/24/23 2/27/24 2/25/25 3/10/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.95x9.29x21.12x4.8% 6.37B
7.33x - - 4.12% 13.97B
12.51x4.3x15.17x3.51% 12.61B
14.75x - - 3.33% 11.74B
5.71x - - 5.36% 9.75B
17.4x - - 2.32% 8.56B
19.47x14.98x - 1.21% 7.86B
6.83x8.02x22.26x9.14% 4.09B
Average 11.74x 9.15x 19.51x 4.22% 9.37B
Weighted average by Cap. 11.77x 8.53x 18.07x 3.88%

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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