Company Valuation: Compucase Enterprise Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,784 3,818 3,387 7,703 10,038 8,757
Change - -20.19% -11.28% 127.41% 30.32% -12.76%
Enterprise Value (EV) 1 4,653 4,165 3,398 7,114 8,849 16,659
Change - -10.49% -18.4% 109.35% 24.39% 88.25%
P/E 10.4x 13x 9.23x 12.8x 19.5x -9.75x
PBR 1.96x 1.53x 1.27x 2.58x 3.09x 3.52x
PEG - -0.3x 0.4x 0.2x -1.3x 0x
Capitalization / Revenue 0.52x 0.46x 0.53x 0.95x 1.36x 0.78x
EV / Revenue 0.5x 0.5x 0.53x 0.87x 1.2x 1.49x
EV / EBITDA 4.73x 5.22x 4.68x 6.73x 13.5x 12.8x
EV / EBIT 7.69x 9.27x 7.07x 8.39x 18.3x 16.4x
EV / FCF -176x -31.5x 3.85x 9.5x 13.6x -16.2x
FCF Yield -0.57% -3.17% 26% 10.5% 7.35% -6.18%
Dividend per Share 2 3.1 2 2.018 3.5 2.75 -
Rate of return 7.14% 5.93% 6.75% 5.1% 3.08% -
EPS 2 4.16 2.6 3.24 5.36 4.58 -7.93
Distribution rate 74.5% 76.9% 62.3% 65.3% 60% -
Net sales 1 9,233 8,293 6,375 8,135 7,402 11,189
EBITDA 1 983.2 798.2 725.4 1,057 656.8 1,298
EBIT 1 605.1 449.2 480.5 847.8 483.3 1,016
Net income 1 466.2 296.8 368.8 605.9 517.9 -894.3
Net Debt 1 -131 346.9 11 -588.5 -1,189 7,902
Reference price 2 43.40 33.70 29.90 68.60 89.40 77.30
Nbr of stocks (in thousands) 110,220 113,286 113,286 112,286 112,286 113,286
Announcement Date 3/30/21 3/30/22 3/29/23 3/15/24 3/26/25 3/16/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 285M
26.5x1.8x16.16x0.55% 295B
24.17x9.74x17.55x0.36% 188B
23.35x1.86x9.63x1.08% 69.27B
16.29x0.42x7.51x1.96% 47.4B
41.17x25.28x31.31x1.08% 43.04B
33.65x5.72x19.81x1.29% 41.65B
12.31x0.55x6.65x3.93% 27.52B
12.34x0.65x9.75x5.38% 22.64B
29.55x3.06x19.71x2.49% 22.75B
Average 24.37x 5.45x 15.34x 2.01% 75.74B
Weighted average by Cap. 25.37x 5.20x 16.00x 1.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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