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 80,148 - -
Change - -31.07% 26.12% -25.8% 43.82% 144.44% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 85,012 88,166 88,209
Change - -28.03% 10.18% -41.97% 81.82% 159.27% 3.71% 0.05%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 24.6x 17.3x 14.4x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.95x 2.7x 2.46x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.4x 0.7x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 2.65x 2.27x 1.97x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.81x 2.5x 2.16x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 9.78x 8.09x 7.22x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 23.7x 16.3x 13.7x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -35.9x 26.7x -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -2.78% 3.74% -
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% - 1.92% 3.08% 2.84%
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 47.15 114.50 114.50 114.50
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.($)
41.53x14.02x31.84x0.56% 697B
38.85x11.79x34.08x0.38% 406B
34.44x11.47x28.2x0.35% 405B
36.53x14.3x29.67x0.49% 256B
33.37x7.55x22.99x1.46% 166B
36.41x13.61x26.44x0.26% 156B
36.57x3.95x18.19x1.41% 94.8B
60.98x9.05x48.16x0.15% 68.02B
45.39x12.09x34.1x0.13% 63.01B
Average 40.45x 10.87x 30.41x 0.58% 256.92B
Weighted average by Cap. 38.81x 12.11x 30.34x 0.54%

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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