Company Valuation: Cheng Loong Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 37,681 39,122 30,311 32,971 21,057 19,173
Change - 3.82% -22.52% 8.78% -36.13% -8.95%
Enterprise Value (EV) 1 50,567 56,640 50,918 55,832 44,716 44,019
Change - 12.01% -10.1% 9.65% -19.91% -1.56%
P/E 10.1x 9.89x 12x 35.8x 35.2x 23.4x
PBR 1.48x 1.44x 1.07x 1.14x 0.71x 0.65x
PEG - 1.51x -0.3x -0.6x -1x 0.6x
Capitalization / Revenue 0.94x 0.87x 0.69x 0.78x 0.47x 0.45x
EV / Revenue 1.26x 1.26x 1.16x 1.32x 0.99x 1.02x
EV / EBITDA 6.66x 7.84x 11.3x 10.3x 8.28x 7.85x
EV / EBIT 10.1x 12.4x 30.7x 28.1x 29x 23.4x
EV / FCF 15.8x -15.6x -22.1x -93.2x 163x -41.6x
FCF Yield 6.35% -6.41% -4.53% -1.07% 0.61% -2.4%
Dividend per Share 2 1.8 1.9 1.1 0.5 0.45 0.45
Rate of return 5.29% 5.38% 4.02% 1.68% 2.37% 2.6%
EPS 2 3.35 3.57 2.27 0.832 0.54 0.74
Distribution rate 53.7% 53.2% 48.5% 60.1% 83.3% 60.8%
Net sales 1 40,074 44,986 43,922 42,165 45,178 42,985
EBITDA 1 7,588 7,229 4,490 5,396 5,398 5,605
EBIT 1 5,018 4,574 1,658 1,988 1,544 1,881
Net income 1 3,728 3,963 2,520 922.1 605.1 823
Net Debt 1 12,885 17,518 20,607 22,861 23,659 24,846
Reference price 2 34.00 35.30 27.35 29.75 19.00 17.30
Nbr of stocks (in thousands) 1,108,275 1,108,275 1,108,275 1,108,275 1,108,275 1,108,275
Announcement Date 3/29/21 3/15/22 3/15/23 3/14/24 3/14/25 3/12/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 836M
24.66x1.1x7.18x4.32% 22.23B
24.68x2.53x11.91x2.18% 22.04B
28.19x1.09x8.42x5.33% 17.84B
20.32x2.34x9.56x1.82% 6.33B
69.18x1.18x7.03x4.26% 4.97B
18.47x2.12x12.99x3.25% 4.69B
-45.06x0.82x8.35x2.15% 4.4B
17.65x1.28x8.24x2.72% 3.66B
13.25x1x6.75x4.32% 3.18B
Average 19.04x 1.49x 8.94x 3.37% 9.02B
Weighted average by Cap. 23.09x 1.59x 9.15x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cheng Loong Corporation

Historical PBR trend

Valuation ratios - PBR - Cheng Loong Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cheng Loong Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cheng Loong Corporation

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