Company Valuation: GigaDevice Semiconductor Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 117,369 68,350 61,615 71,115 149,282 261,087 - -
Change - -41.76% -9.85% 15.42% 109.92% 74.9% - -
Enterprise Value (EV) 1 110,803 61,510 54,391 62,938 140,350 240,011 222,694 205,954
Change - -44.49% -11.57% 15.71% 123% 71.01% -7.22% -7.52%
P/E 49.8x 33.2x 385x 64.3x 86.7x 17.8x 20.7x 21.9x
PBR 8.71x 4.5x 4.05x 4.3x 7.53x 8.17x 5.02x 4.14x
PEG - -2.7x -4.2x 0x 1.8x 0x -1.5x -3.91x
Capitalization / Revenue 13.8x 8.41x 10.7x 9.67x 16.2x 9.49x 7.54x 6.95x
EV / Revenue 13x 7.57x 9.44x 8.56x 15.2x 8.73x 6.43x 5.48x
EV / EBITDA 43.2x 24x 70.4x 50.5x 75.5x 22.6x 20.7x 17x
EV / EBIT 48.1x 27.7x 454x 56.3x 81.8x 22.5x 18x 16.9x
EV / FCF 67.6x 154x 64.9x 40.3x 128x 28.3x 39.9x 26.9x
FCF Yield 1.48% 0.65% 1.54% 2.48% 0.78% 3.53% 2.51% 3.72%
Dividend per Share 2 1.06 0.62 - 0.34 0.75 2.892 3.611 3.918
Rate of return 0.6% 0.61% - 0.32% 0.35% 0.78% 0.97% 1.06%
EPS 2 3.53 3.09 0.24 1.66 2.47 20.88 17.95 16.95
Distribution rate 30% 20.1% - 20.5% 30.4% 13.9% 20.1% 23.1%
Net sales 1 8,510 8,130 5,761 7,356 9,203 27,500 34,637 37,561
EBITDA 1 2,567 2,560 772.3 1,247 1,860 10,603 10,743 12,101
EBIT 1 2,305 2,222 119.8 1,117 1,716 10,661 12,375 12,199
Net income 1 2,337 2,053 161.1 1,103 1,648 14,493 12,860 11,731
Net Debt 1 -6,566 -6,840 -7,224 -8,177 -8,932 -21,076 -38,393 -55,132
Reference price 2 175.85 102.47 92.39 106.80 214.25 371.32 371.32 371.32
Nbr of stocks (in thousands) 667,436 667,025 666,906 665,872 696,765 701,745 - -
Announcement Date 3/11/22 4/27/23 4/19/24 4/25/25 3/30/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.78x8.73x22.64x0.78% 38.92B
58.93x28.7x64.01x0.52% 34.94B
7.99x2.79x6.01x1.18% 22.54B
4.9x1.31x3.56x6.28% 13.92B
23.27x - - - 9.68B
34.76x - - - 9.43B
3.1x - - - 3.77B
28.74x1.68x11.93x - 2.62B
Average 22.43x 8.64x 21.63x 2.19% 16.98B
Weighted average by Cap. 26.80x 12.65x 29.52x 1.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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