Company Valuation: GeoVision Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,027 2,847 3,481 3,984 3,942 3,757
Change - -5.94% 22.24% 14.45% -1.05% -4.68%
Enterprise Value (EV) 1 2,206 2,047 2,553 2,654 2,170 1,822
Change - -7.23% 24.72% 3.97% -18.25% -16.04%
P/E 19x 16.3x 32.8x 13.9x 7.72x 7.58x
PBR 1.73x 1.56x 1.87x 1.97x 1.91x 1.51x
PEG - 1.6x -0.8x 0x 0x -0.6x
Capitalization / Revenue 2.62x 2.28x 2.64x 3.15x 3.29x 3.69x
EV / Revenue 1.91x 1.64x 1.94x 2.1x 1.81x 1.79x
EV / EBITDA 45.9x 13x 15.9x 19.3x 19x 47x
EV / EBIT 51.8x 13.3x 16.2x 19.6x 19.2x 48x
EV / FCF 3.33x 33.2x 12.5x 6.72x 9.69x 55x
FCF Yield 30.1% 3.01% 7.99% 14.9% 10.3% 1.82%
Dividend per Share 2 1.125 1.348 1.573 4.494 4 3.5
Rate of return 2.97% 3.79% 3.61% 9.02% 7.22% 7.45%
EPS 2 1.989 2.191 1.326 3.573 7.18 6.2
Distribution rate 56.5% 61.5% 119% 126% 55.7% 56.5%
Net sales 1 1,157 1,246 1,319 1,264 1,198 1,019
EBITDA 1 48.06 157.4 160.8 137.5 114.5 38.75
EBIT 1 42.62 153.9 157.6 135.5 113.2 37.99
Net income 1 159 176.5 106.9 287.2 625.2 496.3
Net Debt 1 -820.7 -800.5 -927.8 -1,330 -1,772 -1,936
Reference price 2 37.87 35.62 43.54 49.83 55.40 47.00
Nbr of stocks (in thousands) 79,945 79,942 79,942 79,942 71,148 79,942
Announcement Date 3/23/21 3/4/22 3/8/23 3/1/24 2/26/25 3/13/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 139M
19.71x3.45x13.82x1.4% 13.71B
21.33x1.01x8.75x - 5.55B
8.95x2.45x4.71x3% 5.32B
23.5x0.95x5.88x1.71% 2.91B
16.23x0.52x4.1x4.41% 1.68B
51.28x - - - 1.55B
28.8x - - - 1.33B
20.48x - - - 1.2B
Average 23.79x 1.67x 7.45x 2.63% 3.71B
Weighted average by Cap. 20.27x 2.39x 9.84x 2.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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