Company Valuation: InnoCare Optoelectronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 5,493 3,006 3,431 2,519 2,464
Change - -45.28% 14.17% -26.59% -2.19%
Enterprise Value (EV) 1 5,073 2,888 2,950 1,899 1,730
Change - -43.08% 2.17% -35.65% -8.87%
P/E 28.6x 16.1x 30x 16.7x 15.6x
PBR 8.63x 3.68x 2.67x 1.82x 1.69x
PEG 4.69x -3.27x -0.7x 0.6x 3.79x
Capitalization / Revenue 2.83x 1.59x 1.87x 1.27x 1.07x
EV / Revenue 2.61x 1.53x 1.61x 0.95x 0.75x
EV / EBITDA 31.8x 20.5x 30.8x 19.4x 8.72x
EV / EBIT 48.4x 33.5x 94.7x 56.8x 12.8x
EV / FCF -11.9x -6.25x -155x 470x 10.2x
FCF Yield -8.37% -16% -0.65% 0.21% 9.79%
Dividend per Share 2 1.1 1.3 1.1 1.8 2
Rate of return 0.7% 1.55% 1.29% 2.97% 3.37%
EPS 2 5.49 5.22 2.84 3.64 3.79
Distribution rate 20% 24.9% 38.7% 49.4% 52.8%
Net sales 1 1,941 1,887 1,837 1,990 2,294
EBITDA 1 159.5 141 95.73 97.62 198.4
EBIT 1 104.7 86.28 31.17 33.42 135.7
Net income 1 198.5 198.7 116.7 152.9 159.5
Net Debt 1 -419.6 -117.9 -481 -620.5 -733.7
Reference price 2 157.00 84.00 85.30 60.70 59.30
Nbr of stocks (in thousands) 34,985 35,782 40,229 41,502 41,551
Announcement Date 2/25/22 2/29/24 2/29/24 3/13/25 3/11/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 223M
20.63x11.6x17.2x0.39% 4,724B
43.07x17.64x25.96x0.67% 1,845B
20.64x10.07x13.67x1.22% 1,762B
12.03x7.28x8.8x0.06% 988B
3.85x2.19x2.68x0.3% 675B
90.42x15.65x57.79x-.--% 791B
-39.48x7.64x21.32x-.--% 460B
32.8x11.89x22.05x2.06% 255B
186.56x41.92x84.86x-.--% 258B
Average 41.17x 13.99x 28.26x 0.52% 1,176B
Weighted average by Cap. 28.72x 12.20x 20.99x 0.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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