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 63,068 - -
Change - -31.07% 26.12% -25.8% 43.82% 92.35% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 67,933 71,086 71,129
Change - -28.03% 10.18% -41.97% 81.82% 107.18% 4.64% 0.06%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 19.4x 13.6x 11.3x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.32x 2.13x 1.93x
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 2.08x 1.79x 1.55x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.24x 2.02x 1.74x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 7.82x 6.52x 5.82x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 19x 13.2x 11x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -28.7x 21.6x -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -3.48% 4.64% -
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% - 2.43% 3.91% 3.61%
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 90.10 90.10 90.10
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.($)
38.74x12.84x29.2x0.62% 655B
32.71x10.89x26.99x0.37% 385B
31.38x7.02x21.74x1.57% 155B
31.59x3.43x15.83x1.65% 81.73B
50.79x6.76x23.58x0.29% 21.2B
38.6x12.38x25.7x0.98% 19.06B
20.89x3.04x13.03x1.46% 15.79B
44.94x8.21x24.42x - 13.15B
Average 36.21x 8.07x 22.56x 0.99% 168.27B
Weighted average by Cap. 35.77x 10.77x 26.52x 0.73%

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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