Company Valuation: Pegatron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 184,437 169,395 232,597 244,747 183,999 236,813 - -
Change - -8.16% 37.31% 5.22% -24.82% 28.7% - -
Enterprise Value (EV) 1 178,626 169,395 188,017 161,467 118,277 167,242 160,719 144,222
Change - -5.17% 10.99% -14.12% -26.75% 41.4% -3.9% -10.26%
P/E 9.07x 11.3x 14.8x 14.5x 12.7x 16x 12.4x 10.6x
PBR 1.11x - 1.23x 1.18x 0.88x 1.13x 1.08x 1.02x
PEG - -0.4x 2.76x 1.94x -0.8x 5.51x 0.4x 0.6x
Capitalization / Revenue 0.15x 0.13x 0.19x 0.22x 0.16x 0.2x 0.16x 0.14x
EV / Revenue 0.14x 0.13x 0.15x 0.14x 0.11x 0.14x 0.11x 0.09x
EV / EBITDA 5.86x 4.21x 6.25x 5.73x 4.49x 4.85x 3.82x 2.86x
EV / EBIT 10.6x 6.67x 12.7x 12.9x 10.2x 9.08x 6.21x 4.49x
EV / FCF 5.46x - 2.67x 4.67x -95.1x -12.1x 20.3x -19.9x
FCF Yield 18.3% - 37.4% 21.4% -1.05% -8.23% 4.92% -5.03%
Dividend per Share 2 4.5 - 4 4.5 - 3.877 4.684 4.74
Rate of return 6.51% - 4.58% 4.9% - 4.38% 5.29% 5.36%
EPS 2 7.62 5.6 5.9 6.34 5.39 5.547 7.135 8.36
Distribution rate 59.1% - 67.8% 71% - 69.9% 65.7% 56.7%
Net sales 1 1,263,720 1,317,599 1,256,783 1,125,349 1,117,160 1,191,514 1,452,188 1,669,104
EBITDA 1 30,505 40,194 30,083 28,202 26,338 34,516 42,021 50,347
EBIT 1 16,854 25,385 14,753 12,501 11,609 18,429 25,891 32,090
Net income 1 20,546 15,096 15,713 16,877 14,403 14,879 19,537 23,494
Net Debt 1 -5,811 - -44,581 -83,280 -65,721 -69,571 -76,094 -92,591
Reference price 2 69.10 63.50 87.30 91.90 68.60 88.50 88.50 88.50
Nbr of stocks (in thousands) 2,669,132 2,667,634 2,664,346 2,663,188 2,682,200 2,675,852 - -
Announcement Date 3/10/22 3/16/23 3/15/24 3/13/25 3/11/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.43x1.86x16.69x0.53% 305B
24.68x9.95x17.93x0.35% 192B
24.29x1.92x9.95x1.04% 72.05B
16.7x0.43x7.71x1.91% 48.61B
41.29x25.36x31.4x1.08% 43.13B
33.78x5.69x19.75x1.1% 41.38B
11.95x0.54x6.61x4.05% 27.1B
12.38x0.65x9.78x5.36% 22.69B
28.01x2.89x18.61x2.63% 21.56B
Average 24.50x 5.48x 15.38x 2.01% 85.96B
Weighted average by Cap. 25.92x 5.25x 16.29x 1.01%

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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  5. Valuation Pegatron Corporation