Company Valuation: LEATEC Fine Ceramics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,561 3,172 1,745 2,967 3,037 3,686
Change - 23.84% -44.97% 69.97% 2.37% 21.35%
Enterprise Value (EV) 1 4,028 4,767 3,084 4,520 4,924 5,443
Change - 18.33% -35.29% 46.55% 8.94% 10.54%
P/E -25x 62.4x -52.1x 48.4x -43.8x 72.6x
PBR 2.31x 2.76x 1.54x 2.51x 2.68x 3.13x
PEG - -0x 0x -0x 0x -0x
Capitalization / Revenue 2.94x 3.07x 2.23x 3.6x 3.03x 3.71x
EV / Revenue 4.62x 4.61x 3.94x 5.49x 4.91x 5.49x
EV / EBITDA 34x 23x -148x -13.7x -2,257x -75.5x
EV / EBIT 143x 48.1x -23.6x -10.3x -40.7x -26.8x
EV / FCF -52.7x -35.9x -775x -6.54x -17.4x -51.2x
FCF Yield -1.9% -2.79% -0.13% -15.3% -5.75% -1.95%
Dividend per Share 2 - - - 0.4 - -
Rate of return - - - 1.46% - -
EPS 2 -0.9467 0.47 -0.31 0.5677 -0.6412 0.47
Distribution rate - - - 70.5% - -
Net sales 1 871.4 1,033 783.5 824 1,004 992.1
EBITDA 1 118.5 207.3 -20.78 -330.9 -2.182 -72.07
EBIT 1 28.09 99.19 -130.8 -436.8 -121.1 -202.8
Net income 1 -102.3 50.83 -33.48 61.36 -69.3 51
Net Debt 1 1,467 1,594 1,339 1,553 1,887 1,758
Reference price 2 23.70 29.35 16.15 27.45 28.10 34.10
Nbr of stocks (in thousands) 108,080 108,080 108,080 108,080 108,080 108,080
Announcement Date 3/31/21 3/31/22 3/31/23 3/29/24 5/15/25 3/17/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 163M
80.41x8.39x45.64x0.61% 8.49B
72.53x12.53x50.81x0.42% 3.96B
62.1x - - - 3.16B
Average 71.68x 10.46x 48.23x 0.51% 3.94B
Weighted average by Cap. 74.71x 9.71x 47.29x 0.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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