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 64,328 - -
Change - -31.07% 26.12% -25.8% 43.82% 96.19% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 69,193 72,346 72,389
Change - -28.03% 10.18% -41.97% 81.82% 111.02% 4.56% 0.06%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 19.8x 13.8x 11.6x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.37x 2.17x 1.97x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.3x 0.6x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 2.12x 1.82x 1.58x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.28x 2.05x 1.78x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 7.96x 6.64x 5.92x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 19.3x 13.4x 11.2x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -29.2x 21.9x -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -3.42% 4.56% -
Dividend per Share 2 2.2 2.3 1.8 1.2 - 2.193 3.524 3.25
Rate of return 4.53% 6.87% 4.26% 3.83% - 2.39% 3.83% 3.54%
EPS 2 6.96 4.64 2.6 1.95 0.7 4.649 6.637 7.947
Distribution rate 31.6% 49.6% 69.2% 61.5% - 47.2% 53.1% 40.9%
Net sales 1 27,400 23,517 21,356 22,696 23,933 30,296 35,267 40,772
EBITDA 1 10,197 7,969 6,686 6,130 - 8,691 10,902 12,218
EBIT 1 5,562 3,217 1,915 1,274 1,143 3,582 5,395 6,451
Net income 1 5,059 3,372 1,893 1,420 495.1 3,280 4,697 5,563
Net Debt 1 3,850 3,844 352.5 -4,765 - 4,864 8,018 8,060
Reference price 2 48.60 33.50 42.25 31.35 47.15 91.90 91.90 91.90
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.77x2.28x7.96x - 2.01B
41.29x13.73x31.73x0.57% 702B
35.35x11.79x29.19x0.35% 416B
35.37x7.83x24.43x1.36% 169B
33.05x3.57x16.44x1.6% 84.66B
59.22x7.74x27.02x0.25% 24.72B
45.16x14.59x30.28x0.83% 21.87B
23.01x3.36x14.37x1.32% 16.97B
55.62x10.39x32.12x - 16.28B
23.13x2.06x10.12x0.57% 14.66B
Average 37.10x 7.73x 22.37x 0.86% 146.84B
Weighted average by Cap. 38.55x 11.54x 28.74x 0.67%

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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