Company Valuation: GlycoNex Incorporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,798 2,885 3,261 3,232 2,711 2,786
Change - 3.11% 13.02% -0.89% -16.13% 2.79%
Enterprise Value (EV) 1 2,320 2,554 2,806 2,532 2,269 2,567
Change - 10.1% 9.87% -9.76% -10.42% 13.14%
P/E -15.7x -16.6x -13.8x -18x -11.8x -11.9x
PBR 1.81x 2.12x 2.26x 2.53x 2.59x 2.95x
PEG - 5.84x -0.6x 0.7x -0.4x -6.45x
Capitalization / Revenue 6,205x 527x 108x 1,271x 184x 73.6x
EV / Revenue 5,143x 466x 93.3x 996x 154x 67.8x
EV / EBITDA -13.8x -15.5x -14.1x -11.1x -10.7x -12x
EV / EBIT -10.8x -13.1x -11.7x -9.74x -9.22x -10.3x
EV / FCF -26x -26.4x -25.2x 28.1x -12.4x -8.11x
FCF Yield -3.84% -3.78% -3.97% 3.55% -8.09% -12.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.832 -1.78 -2.21 -1.654 -2.123 -2.162
Distribution rate - - - - - -
Net sales 1 0.451 5.475 30.08 2.542 14.7 37.86
EBITDA 1 -167.5 -164.9 -199 -228.7 -211.7 -214.4
EBIT 1 -214.1 -194.9 -238.9 -259.9 -246.1 -249.8
Net income 1 -162.7 -172.5 -219.8 -178.4 -229.7 -235.2
Net Debt 1 -479 -331.6 -455.1 -699.8 -442.1 -219.7
Reference price 2 28.70 29.60 30.45 29.75 25.05 25.75
Nbr of stocks (in thousands) 97,508 97,482 107,098 108,640 108,208 108,208
Announcement Date 3/24/21 3/28/22 3/31/23 3/19/24 3/14/25 3/24/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 81.42M
34.29x6.01x18.57x0.96% 49.18B
-23.34x351.51x-21.46x-.--% 39.58B
46.99x4.73x30.33x-.--% 34.69B
25.1x2.78x12.03x-.--% 34.42B
27.15x7.96x19.98x0.42% 27.11B
31.75x5.12x23.3x-.--% 15.36B
24.41x2.07x9.09x1.1% 14.05B
24.03x1.91x11.58x-.--% 13.02B
Average 23.80x 47.76x 12.93x 0.31% 25.28B
Weighted average by Cap. 22.59x 65.15x 11.91x 0.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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