Company Valuation: Gold Circuit Electronics Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,098 37,975 106,098 117,535 334,355 510,431 - -
Change - -7.6% 179.39% 10.78% 184.47% 52.66% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 521,973 534,594 520,812
Change - -10.11% 175.6% 11.77% 188.81% 56.34% 2.42% -2.58%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 26.1x 16.8x 11.6x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 10.7x 7.7x 4.97x
PEG - 0.2x -1.7x 0.4x 0.5x 0.3x 0.3x 0.3x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 4.8x 3.23x 2.43x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 4.91x 3.38x 2.48x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 16.4x 10.2x 7.09x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 17.5x 10.8x 7.38x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -202x 1,032x 26x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -0.49% 0.1% 3.85%
Dividend per Share 2 2.444 - 3.5 6 10 14.43 24.14 30.94
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.43% 2.39% 3.06%
EPS 2 5.978 8.78 7.25 11.54 19.47 38.69 59.95 86.88
Distribution rate 40.9% - 48.3% 52% 51.4% 37.3% 40.3% 35.6%
Net sales 1 26,607 32,785 30,044 38,952 60,004 106,327 157,936 209,626
EBITDA 1 4,898 6,911 6,103 9,156 15,359 31,782 52,201 73,468
EBIT 1 4,123 6,037 5,136 8,067 14,043 29,770 49,388 70,561
Net income 1 2,927 4,568 3,529 5,616 9,607 20,967 32,966 44,330
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 11,542 24,163 10,381
Reference price 2 84.44 86.80 218.00 241.50 687.00 1,010.00 1,010.00 1,010.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 505,378 - -
Announcement Date 3/21/22 3/15/23 3/15/24 3/13/25 3/12/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.1x4.91x16.42x1.43% 15.89B
61.38x9.88x49.73x1.32% 210B
64.05x9.5x16.21x-.--% 101B
49.65x10.55x36.89x1.1% 63.48B
54.03x - - 0.19% 54.62B
45.99x8.61x30.38x0.96% 51.07B
8300x78.54x2493.12x - 44.31B
28.88x7.92x22.17x1.17% 38.44B
49.88x8.29x33.64x0.88% 38.17B
35.81x8.29x27.3x0.55% 34.43B
Average 871.57x 16.28x 302.87x 0.85% 65.1B
Weighted average by Cap. 614.81x 14.43x 217.61x 0.87%

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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