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.($)
21.88x12.32x18.28x0.37% 5,010B
22.11x10.78x14.65x1.15% 1,884B
42.4x17.37x25.57x0.68% 1,817B
12.67x7.68x9.29x0.06% 1,040B
5.44x3.11x3.74x0.32% 878B
97.19x16.85x62.32x-.--% 851B
-39.91x7.72x21.62x-.--% 466B
215.27x45.78x97.11x-.--% 278B
32.89x11.93x22.12x2.05% 255B
Average 45.55x 14.84x 30.52x 0.52% 1,386B
Weighted average by Cap. 30.34x 12.66x 21.98x 0.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Innocare Optoelectronics Corporation