Company Valuation: Mortech Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 608 556 392.8 382.4 392 642
Change - -8.55% -29.35% -2.65% 2.51% 63.78%
Enterprise Value (EV) 1 306.6 302.7 128.4 143.6 174.2 472.3
Change - -1.29% -57.58% 11.85% 21.34% 171.08%
P/E -33.8x -19.2x 257x -6.46x -13.2x -19.1x
PBR 1.41x 1.39x 0.98x 1.11x 1.25x 2.29x
PEG - -0.3x -2x 0x 0.3x -1.4x
Capitalization / Revenue 7.1x 5.03x 3.53x 7.4x 5.13x 7.84x
EV / Revenue 3.58x 2.74x 1.15x 2.78x 2.28x 5.77x
EV / EBITDA -66.1x -20.2x -24.8x -2.55x -10.9x -17.9x
EV / EBIT -19.7x -11.4x -7.49x -2.12x -6.06x -12.7x
EV / FCF -2,037x -10.2x -49.3x -15.2x -13.7x -80.6x
FCF Yield -0.05% -9.77% -2.03% -6.6% -7.3% -1.24%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.45 -0.7228 0.0382 -1.48 -0.7406 -0.8412
Distribution rate - - - - - -
Net sales 1 85.65 110.6 111.2 51.67 76.4 81.92
EBITDA 1 -4.64 -14.97 -5.172 -56.3 -16.04 -26.44
EBIT 1 -15.6 -26.63 -17.15 -67.58 -28.74 -37.1
Net income 1 -17.9 -28.91 1.528 -59.2 -29.62 -33.65
Net Debt 1 -301.4 -253.3 -264.4 -238.8 -217.8 -169.7
Reference price 2 15.20 13.90 9.82 9.56 9.80 16.05
Nbr of stocks (in thousands) 40,000 40,000 40,000 40,000 40,000 40,000
Announcement Date 4/1/21 3/25/22 4/17/23 4/2/24 3/27/25 4/7/26
1TWD in Million2TWD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 72.93M
28.63x4.4x14.21x1.99% 130B
19.15x5.61x38.75x2.06% 51.82B
52.34x1.4x8.85x6% 41.81B
11.81x1.16x6.58x2.59% 32.17B
9.96x2.95x7.3x4.44% 23.66B
6.3x0.81x5.29x4.72% 18.9B
98.35x17.03x64.08x0.06% 17.23B
29.64x2.4x13.6x0.43% 17.27B
19.77x - - 2.01% 17.08B
Average 30.66x 4.47x 19.83x 2.7% 34.97B
Weighted average by Cap. 29.09x 4.14x 18.18x 2.68%

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 Mortech Corporation