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 60,409 - -
Change - -31.07% 26.12% -25.8% 43.82% 84.23% - -
Enterprise Value (EV) 1 39,194 28,207 31,078 18,034 32,789 63,844 65,651 64,225
Change - -28.03% 10.18% -41.97% 81.82% 94.71% 2.83% -2.17%
P/E 6.98x 7.22x 16.3x 16.1x 67.4x 20.1x 13.7x 11.7x
PBR 1.45x 0.98x 1.24x 0.92x 1.4x 2.24x 2.04x 1.89x
PEG - -0.2x -0.4x -0.6x -1.1x 0x 0.3x 0.7x
Capitalization / Revenue 1.29x 1.04x 1.44x 1x 1.37x 2x 1.74x 1.55x
EV / Revenue 1.43x 1.2x 1.46x 0.79x 1.37x 2.11x 1.89x 1.65x
EV / EBITDA 3.84x 3.54x 4.65x 2.94x - 7.61x 6.36x 5.69x
EV / EBIT 7.05x 8.77x 16.2x 14.2x 28.7x 18.5x 12.5x 10.7x
EV / FCF 25.1x 7.06x 8.59x 19.3x - -106x - -
FCF Yield 3.98% 14.2% 11.6% 5.18% - -0.94% - -
Dividend per Share 2 2.2 2.3 1.8 1.2 - 1.247 2.076 3.097
Rate of return 4.53% 6.87% 4.26% 3.83% - 1.44% 2.41% 3.59%
EPS 2 6.96 4.64 2.6 1.95 0.7 4.301 6.322 7.355
Distribution rate 31.6% 49.6% 69.2% 61.5% - 29% 32.8% 42.1%
Net sales 1 27,400 23,517 21,356 22,696 23,933 30,223 34,721 38,868
EBITDA 1 10,197 7,969 6,686 6,130 - 8,391 10,317 11,292
EBIT 1 5,562 3,217 1,915 1,274 1,143 3,454 5,259 6,001
Net income 1 5,059 3,372 1,893 1,420 495.1 3,053 4,501 5,148
Net Debt 1 3,850 3,844 352.5 -4,765 - 3,436 5,242 3,816
Reference price 2 48.60 33.50 42.25 31.35 47.15 86.30 86.30 86.30
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.($)
39.1x13.01x30.07x0.61% 666B
55.37x16.74x44.8x0.33% 390B
32.69x7.26x22.49x1.47% 157B
31.39x3.4x15.66x1.69% 79.5B
55.68x7.33x25.57x0.27% 23.24B
43.58x14.05x29.17x0.86% 21.29B
21.07x3.06x13.08x1.44% 15.69B
51.25x9.66x29.65x - 15.13B
21.68x1.94x9.52x0.6% 13.73B
Average 39.09x 8.50x 24.45x 0.91% 153.43B
Weighted average by Cap. 42.62x 12.52x 32.04x 0.7%

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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