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 1 421,704 343,492 311,612 206,549 180,555 190,823 - -
Change - -18.55% -9.28% -33.72% -12.58% 5.69% - -
Enterprise Value (EV) 1 834,702 842,620 946,348 854,040 820,528 859,962 919,245 1,016,877
Change - 0.95% 12.31% -9.75% -3.92% 4.81% 6.89% 10.62%
P/E 17.8x 12.8x 12.7x 8.49x 9.39x 9.24x 8.47x 8.1x
PBR 3.49x 2.43x 1.91x 1.1x 0.99x 1.04x 0.96x 0.93x
PEG - 0.6x -1.43x -0.8x -0.7x 0.98x 0.93x 1.78x
Capitalization / Revenue 5.84x 3.97x 3.2x 2.02x 1.85x 1.91x 1.83x -
EV / Revenue 11.6x 9.73x 9.7x 8.35x 8.41x 8.61x 8.8x -
EV / EBITDA 21.5x 19.4x 23.4x 22x 22.3x 19.7x 20x -
EV / EBIT 24.9x 22.8x 28.7x 28.6x 30.1x 28.2x 27.6x 28x
EV / FCF 26.6x 56x -55.6x 44.6x 41.8x -495x -35.7x -
FCF Yield 3.76% 1.79% -1.8% 2.24% 2.39% -0.2% -2.8% -
Dividend per Share 2 5.279 5.913 6.125 - 5.686 5.9 6.139 6.742
Rate of return 2.28% 2.95% 3.37% - 5.5% 5.29% 5.51% 6.05%
EPS 2 13.02 15.67 14.28 12.79 11.02 12.06 13.17 13.77
Distribution rate 40.5% 37.7% 42.9% - 51.6% 48.9% 46.6% 49%
Net sales 1 72,160 86,608 97,526 102,292 97,567 99,930 104,412 -
EBITDA 1 38,804 43,466 40,486 38,780 36,715 43,597 46,044 -
EBIT 1 33,485 36,971 32,931 29,910 27,219 30,506 33,247 36,266
Net income 1 21,644 27,222 25,034 22,586 19,810 21,622 23,405 24,030
Net Debt 1 412,998 499,128 634,736 647,491 639,973 669,138 728,422 826,054
Reference price 2 231.84 200.47 181.87 108.61 103.43 111.50 111.50 111.50
Nbr of stocks (in thousands) 1,818,934 1,713,397 1,713,397 1,901,710 1,745,650 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.24x8.61x19.73x5.29% 6.03B
12.45x4.23x46.61x3.83% 12.81B
5.97x - - 4.98% 12.43B
12.09x - - 4.08% 11.54B
4.94x - - 6.4% 8.89B
20.05x15.15x36.46x1.18% 8.3B
14.9x - - 2.71% 7.45B
7.04x7.92x22.09x8.59% 4.28B
Average 10.84x 8.98x 31.22x 4.63% 8.97B
Weighted average by Cap. 10.88x 8.46x 35.43x 4.37%

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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