Company Valuation: Clevo Co.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 17,916 19,642 17,908 23,818 30,256 22,369
Change - 9.63% -8.83% 33.01% 27.03% -26.07%
Enterprise Value (EV) 1 48,048 45,390 42,808 49,105 55,279 50,490
Change - -5.53% -5.69% 14.71% 12.57% -8.66%
P/E 27.1x 11x 21.9x 22.6x 17.2x 19x
PBR 0.45x 0.47x 0.43x 0.58x 0.68x 0.52x
PEG - 0x -0.4x 0.8x 0.3x -0.6x
Capitalization / Revenue 0.89x 0.73x 0.81x 0.98x 1.14x 1.1x
EV / Revenue 2.37x 1.68x 1.93x 2.01x 2.08x 2.48x
EV / EBITDA 28.3x 19.9x 20.4x 25.9x 23.9x 29.2x
EV / EBIT 32.5x 21.7x 22.3x 28.3x 25.3x 31.3x
EV / FCF 29.8x -402x 20x 37x 26.8x -38.9x
FCF Yield 3.35% -0.25% 5.01% 2.71% 3.74% -2.57%
Dividend per Share 2 0.6 2.1 1.5 1.6 2.53 2
Rate of return 1.99% 6.36% 4.9% 3.93% 4.89% 5.17%
EPS 2 1.11 3 1.4 1.8 3 2.04
Distribution rate 54.1% 70% 107% 88.9% 84.3% 98%
Net sales 1 20,239 26,992 22,197 24,380 26,583 20,399
EBITDA 1 1,696 2,282 2,102 1,893 2,310 1,727
EBIT 1 1,476 2,090 1,919 1,734 2,183 1,612
Net income 1 666.9 1,796 824.5 1,060 1,768 1,192
Net Debt 1 30,132 25,748 24,900 25,287 25,024 28,121
Reference price 2 30.10 33.00 30.60 40.70 51.70 38.70
Nbr of stocks (in thousands) 595,216 595,216 585,216 585,216 585,216 578,000
Announcement Date 3/29/21 3/29/22 5/2/23 3/15/24 3/11/25 3/13/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 866M
12.81x0.38x10.93x5.64% 41.06B
36.89x5.95x29.09x1.91% 19.73B
16.22x0.27x11.67x4.37% 6.76B
16.89x0.19x8.86x3.7% 5B
17.54x0.33x10.03x4.16% 3B
12.74x1.39x7.25x6.22% 2.29B
Average 18.85x 1.42x 12.97x 4.33% 11.24B
Weighted average by Cap. 19.65x 1.80x 15.32x 4.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA