Company Valuation: ChipMOS TECHNOLOGIES INC.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,344 24,363 30,726 22,799 32,789 73,498 - -
Change - -31.07% 26.12% -25.8% 43.82% 124.16% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 76,788 74,295 71,073
Change - -28.03% 10.18% -41.97% 81.82% 134.19% -3.25% -4.34%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 24.9x 17.7x 17x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.78x 2.51x 2.41x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.4x 4.04x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 2.4x 2.21x 2.13x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.5x 2.23x 2.06x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 9.12x 7.56x 6.83x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 22.4x 15x 14.2x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -128x - -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -0.78% - -
Dividend per Share 2 2.2 2.3 1.8 1.2 - 1.228 1.99 2.716
Rate of return 4.53% 6.87% 4.26% 3.83% - 1.17% 1.9% 2.59%
EPS 2 6.96 4.64 2.6 1.95 0.7 4.215 5.941 6.191
Distribution rate 31.6% 49.6% 69.2% 61.5% - 29.1% 33.5% 43.9%
Net sales 1 27,400 23,517 21,356 22,696 23,933 30,687 33,319 34,457
EBITDA 1 10,197 7,969 6,686 6,130 - 8,422 9,822 10,405
EBIT 1 5,562 3,217 1,915 1,274 1,143 3,423 4,963 5,018
Net income 1 5,059 3,372 1,893 1,420 495.1 3,014 4,263 4,398
Net Debt 1 3,850 3,844 352.5 -4,765 - 3,289 796.9 -2,425
Reference price 2 48.60 33.50 42.25 31.35 47.15 105.00 105.00 105.00
Nbr of stocks (in thousands) 727,240 727,240 727,240 727,240 695,418 699,983 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/25/25 2/24/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.91x2.5x9.12x - 2.3B
51.57x15.74x40.03x0.54% 719B
62.64x18.9x50.59x0.29% 439B
46.1x10.13x31.89x1.08% 206B
40.14x4.11x18.77x1.26% 93.65B
189.13x56.12x144.34x0.13% 31.4B
56.39x18.16x37.74x0.68% 26.48B
56.8x7.35x26.02x0.28% 22.37B
40.81x5.46x25.4x0.74% 22.21B
33.32x2.43x13.26x0.49% 17.26B
Average 60.18x 14.09x 39.71x 0.61% 158.09B
Weighted average by Cap. 55.75x 15.61x 41.93x 0.58%

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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