Company Valuation: Higgstec Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,630 1,404 1,119 1,041 813.2 680.3
Change - -13.87% -20.34% -6.91% -21.9% -16.34%
Enterprise Value (EV) 1 1,537 1,355 989.4 965.4 781.6 683
Change - -11.84% -26.97% -2.42% -19.04% -12.62%
P/E 8.84x 10.4x 9.89x 27.9x 73.2x -26.4x
PBR 2.05x 1.73x 1.33x 1.29x 1.04x 0.92x
PEG - -0.4x -0.6x -0.4x -1x 0x
Capitalization / Revenue 1.38x 1.39x 1.15x 1.33x 1.19x 1x
EV / Revenue 1.3x 1.34x 1.01x 1.23x 1.14x 1x
EV / EBITDA 5.56x 6.79x 6.81x 13.5x 22.5x 55.1x
EV / EBIT 6.11x 8.35x 9.78x 33.1x -111x -25.9x
EV / FCF -7.11x 200x 8.52x -199x -31.2x 130x
FCF Yield -14.1% 0.5% 11.7% -0.5% -3.21% 0.77%
Dividend per Share 2 3 2.2 1.8 0.9 0.5 0.3
Rate of return 7.3% 6.21% 6.38% 3.43% 2.44% 1.75%
EPS 2 4.65 3.4 2.85 0.94 0.28 -0.65
Distribution rate 64.5% 64.7% 63.2% 95.7% 179% -46.2%
Net sales 1 1,180 1,008 975.6 785 682.7 681.8
EBITDA 1 276.4 199.6 145.2 71.51 34.8 12.39
EBIT 1 251.4 162.3 101.1 29.15 -7.032 -26.36
Net income 1 186.9 135.9 114.4 37.64 11.14 -25.61
Net Debt 1 -93.58 -49.39 -129.2 -75.86 -31.57 2.711
Reference price 2 41.10 35.40 28.20 26.25 20.50 17.15
Nbr of stocks (in thousands) 39,667 39,667 39,667 39,667 39,667 39,667
Announcement Date 3/29/21 3/28/22 3/23/23 3/12/24 3/12/25 3/13/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 23.95M
30.24x5.58x16.6x0.68% 197B
13.56x0.29x6.65x3.75% 99.16B
26.63x10.46x22.27x0.46% 76.51B
21.88x1.25x14.04x0.51% 66.18B
33.61x5.28x17.18x1.11% 73.24B
18.86x3.21x12.18x1.41% 59.81B
56.53x5.49x26.69x0.3% 45.37B
54.71x6.61x28.08x0.02% 48.73B
28x1.83x19.81x-.--% 40.48B
Average 31.56x 4.45x 18.17x 0.91% 70.61B
Weighted average by Cap. 29.36x 4.58x 16.89x 1.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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