Company Valuation: Ledlink Optics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,303 1,484 1,082 1,230 1,635 1,005
Change - 13.87% -27.06% 13.67% 32.87% -38.53%
Enterprise Value (EV) 1 1,430 1,809 1,536 1,819 1,856 1,299
Change - 26.49% -15.1% 18.4% 2.04% -30%
P/E -450x 24.9x -72x 374x 46x -13.3x
PBR 1.13x 1.27x 0.94x 1.09x 1.14x 0.78x
PEG - -0x 1x -3x 0x 0x
Capitalization / Revenue 1.29x 1.27x 0.9x 0.97x 1.06x 0.76x
EV / Revenue 1.42x 1.55x 1.28x 1.43x 1.2x 0.99x
EV / EBITDA 6.25x 6.61x 6.99x 10.1x 8.74x 12.7x
EV / EBIT 198x 26x 49.7x 214x 58.8x -17.1x
EV / FCF 8.23x -12.9x -13x 32.7x 30.7x 12.4x
FCF Yield 12.2% -7.73% -7.72% 3.06% 3.26% 8.09%
Dividend per Share 2 0.6 0.8 0.8 0.5168 0.5125 0.5
Rate of return 2.16% 2.53% 3.47% 1.97% 1.8% 2.79%
EPS 2 -0.0617 1.27 -0.32 0.07 0.62 -1.348
Distribution rate -973% 63% -250% 738% 82.7% -37.1%
Net sales 1 1,009 1,170 1,202 1,268 1,544 1,318
EBITDA 1 228.7 273.9 219.6 179.8 212.2 102
EBIT 1 7.223 69.65 30.93 8.494 31.54 -75.78
Net income 1 -2.923 59.89 -14.91 3.494 32.73 -76.11
Net Debt 1 127.3 325.4 453.8 588.4 221.1 294.3
Reference price 2 27.75 31.60 23.05 26.20 28.55 17.95
Nbr of stocks (in thousands) 46,956 46,956 46,956 46,956 57,255 55,977
Announcement Date 3/25/21 3/29/22 3/23/23 3/15/24 3/17/25 3/13/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 34.95M
35.34x6.3x19.61x0.63% 200B
33.86x13.47x28.36x0.35% 112B
13.59x0.29x6.63x3.78% 103B
51.81x8.23x26.94x0.73% 106B
82.02x7.97x38.75x0.2% 72.9B
22.48x1.3x14.37x0.45% 72.47B
80.7x9.53x40.48x0.01% 64.02B
48.38x10.65x32.57x0.8% 57.49B
38.52x2.13x23.54x-.--% 40.78B
Average 45.19x 6.65x 25.69x 0.77% 82.89B
Weighted average by Cap. 42.08x 6.82x 24.04x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Ledlink Optics, Inc.