Company Valuation: DFI Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,739 6,995 6,743 7,659 8,529 6,961
Change - -9.62% -3.6% 13.58% 11.36% -18.39%
Enterprise Value (EV) 1 6,729 8,763 8,784 8,272 9,443 7,972
Change - 30.23% 0.24% -5.83% 14.15% -15.58%
P/E Ratio 19.3x 11.5x 12.9x 21.3x 21.6x 24.5x
PBR 2.6x 2.29x 2.08x 2.42x 2.43x 2.05x
PEG - 0.2x -0.9x -0.7x 2.19x -0.9x
Capitalization / Revenue 0.93x 0.53x 0.42x 0.83x 0.89x 0.64x
EV / Revenue 0.81x 0.66x 0.54x 0.9x 0.99x 0.73x
EV / EBITDA 8.85x 12.9x 9.31x 11.1x 11.3x 10.8x
EV / EBIT 10.4x 16.6x 12x 15.2x 14.4x 15.3x
EV / FCF 16.6x -3.56x 17.5x 3.99x 11.4x 16.7x
FCF Yield 6.01% -28.1% 5.71% 25.1% 8.76% 5.97%
Dividend per Share 2 3 3.6 4 3 3.4 2.45
Rate of return 4.44% 5.89% 6.79% 4.48% 4.56% 4.03%
EPS 2 3.51 5.33 4.58 3.14 3.45 2.48
Distribution rate 85.5% 67.5% 87.3% 95.5% 98.6% 98.8%
Net sales 1 8,350 13,211 16,190 9,184 9,584 10,876
EBITDA 1 760.7 678.3 943.9 743.9 839 740.1
EBIT 1 648.1 526.3 731.2 544.8 657.9 519.6
Net income 1 405 615.9 528.2 361.7 396.6 285.4
Net Debt 1 -1,010 1,768 2,041 613 913.5 1,011
Reference price 2 67.60 61.10 58.90 66.90 74.50 60.80
Nbr of stocks (in thousands) 114,489 114,489 114,489 114,489 114,489 114,489
Announcement Date 3/24/21 3/7/22 3/3/23 3/5/24 2/26/25 3/12/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 225M
22.94x1.61x14.68x0.63% 256B
71.08x17.65x48.22x0.31% 211B
21.85x1.74x9.15x1.18% 63.79B
21.73x0.41x7.94x1.85% 35.37B
25.56x4.08x16.12x1.6% 29.83B
11.14x0.49x6x4.75% 23.08B
20.79x0.35x10.71x0.69% 22.56B
38.86x22.08x32.04x1.21% 20.82B
14.3x0.56x11.17x4.99% 18.44B
Average 27.58x 5.44x 17.34x 1.91% 68.11B
Weighted average by Cap. 37.57x 7.15x 24.26x 0.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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