Company Valuation: Clientron Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,101 2,128 1,431 986.8 808.5 478.1
Change - 93.35% -32.74% -31.07% -18.06% -40.87%
Enterprise Value (EV) 1 373.8 1,598 689.1 323.8 261.8 50.8
Change - 327.54% -56.88% -53.01% -19.15% -80.6%
P/E 11.2x 16.5x 16.5x -5.96x -12.1x -3.37x
PBR 0.89x 1.66x 1.08x 0.89x 0.73x 0.5x
PEG - 0.5x -0.5x 0x 0.2x -0x
Capitalization / Revenue 0.71x 1.09x 0.81x 1.47x 0.96x 0.64x
EV / Revenue 0.24x 0.82x 0.39x 0.48x 0.31x 0.07x
EV / EBITDA 2.37x 8.87x 6.94x -1.51x -2.15x -0.35x
EV / EBIT 3.02x 10.9x 10.4x -1.31x -1.73x -0.3x
EV / FCF 1.23x -9.4x 2.72x 5.67x -1.93x -0.8x
FCF Yield 81.5% -10.6% 36.8% 17.6% -51.9% -124%
Dividend per Share 2 1.2 1.3 1 - - -
Rate of return 6.94% 3.89% 4.44% - - -
EPS 2 1.54 2.03 1.36 -2.6 -1.052 -2.23
Distribution rate 77.9% 64% 73.5% - - -
Net sales 1 1,554 1,953 1,776 671.8 843.8 748.2
EBITDA 1 157.5 180.2 99.24 -214.6 -121.9 -144.3
EBIT 1 124 146.4 66.08 -246.4 -151.6 -168.4
Net income 1 98.57 131 88.6 -165.3 -66.98 -141.8
Net Debt 1 -726.8 -529.8 -742.3 -662.9 -546.7 -427.3
Reference price 2 17.300 33.450 22.500 15.500 12.700 7.510
Nbr of stocks (in thousands) 63,622 63,622 63,622 63,662 63,662 63,662
Announcement Date 4/27/21 6/15/22 5/26/23 5/17/24 4/17/25 4/30/26
1TWD in Million2TWD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 19.82M
28.81x1.94x17.9x0.51% 317B
28.31x11.46x20.58x0.31% 221B
26.21x2.05x10.71x0.96% 77.74B
18.84x0.47x8.44x1.75% 53.11B
31.47x5.52x19.15x1.1% 39.69B
35.99x22x27.24x1.24% 37.23B
13.29x0.57x6.94x3.98% 27.54B
12.69x0.67x9.99x5.26% 23.12B
16.29x0.31x9.04x0.74% 20.69B
Average 23.54x 5.00x 14.44x 1.76% 81.69B
Weighted average by Cap. 26.94x 5.39x 17.00x 0.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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