Company Valuation: MiTAC Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 42,070 35,321 53,752 85,545 114,671 118,693 - -
Change - -16.04% 52.18% 59.15% 34.05% 3.51% - -
Enterprise Value (EV) 1 42,070 35,321 53,752 85,545 103,869 123,266 120,955 113,422
Change - -16.04% 52.18% 59.15% 21.42% 18.68% -1.88% -6.23%
P/E 3.53x 3.81x 30.5x 21.6x 16.8x 14.2x 10.4x 9.78x
PBR 0.8x - 2.19x - - 1.68x 1.46x 1.33x
PEG - -0.2x -0.4x 0x 0.2x 0.6x 0.3x 1.47x
Capitalization / Revenue 1x 0.74x 1.51x 1.39x 1.09x 0.67x 0.51x 0.47x
EV / Revenue 1x 0.74x 1.51x 1.39x 0.98x 0.7x 0.52x 0.45x
EV / EBITDA 38.7x -1,355x - - 15.5x 10.8x 8.11x 6.46x
EV / EBIT 1,007x -29.7x 794x 48x 19.3x 14.8x 9.84x 8.11x
EV / FCF -36.6x - - - - -60.3x - -
FCF Yield -2.73% - - - - -1.66% - -
Dividend per Share 2 1.653 - - - 2.727 3.72 3.371 3.88
Rate of return 5.68% - - - 3.47% 4.58% 4.15% 4.77%
EPS 2 8.231 6.405 1.207 2.711 4.682 5.739 7.791 8.309
Distribution rate 20.1% - - - 58.3% 64.8% 43.3% 46.7%
Net sales 1 42,186 47,833 35,536 61,360 105,577 176,700 231,679 254,068
EBITDA 1 1,086 -26.07 - - 6,710 11,401 14,907 17,550
EBIT 1 41.78 -1,189 67.7 1,784 5,374 8,305 12,290 13,983
Net income 1 11,961 9,294 1,784 3,959 6,838 8,560 11,380 12,138
Net Debt 1 - - - - -10,802 4,574 2,262 -5,271
Reference price 2 29.09 24.38 36.82 58.60 78.55 81.30 81.30 81.30
Nbr of stocks (in thousands) 1,446,165 1,448,740 1,459,933 1,459,933 1,459,933 1,459,933 - -
Announcement Date 2/28/22 2/28/23 2/29/24 3/6/25 3/5/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.17x0.7x10.81x4.58% 3.73B
23x1.94x15.28x0.45% 358B
7.91x4.43x5.52x-.--% 252B
24.73x10.01x17.74x0.35% 193B
21.32x7.58x14.66x0.14% 150B
24.55x2.27x11.63x0.82% 92.03B
18.64x0.48x8.67x1.72% 54.25B
144.55x8.92x39.32x-.--% 46.7B
29.05x5.25x15.88x0.93% 44.44B
33.08x5.83x19.82x1.27% 42.39B
Average 34.10x 4.74x 15.93x 1.02% 123.58B
Weighted average by Cap. 25.05x 4.86x 14.11x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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