Company Valuation: PharmaEngine, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 8,430 10,207 17,961 15,158 12,974 10,115
Change - 21.08% 75.96% -15.6% -14.41% -22.04%
Enterprise Value (EV) 1 5,058 6,401 14,322 11,545 9,120 5,440
Change - 26.55% 123.74% -19.39% -21% -40.35%
P/E 14x 24.7x 56.3x 55.2x 7.42x 26.2x
PBR 2.1x 2.65x 4.64x 3.92x 2.4x 2.05x
PEG - -0.9x -2.3x -4x 0x -0.3x
Capitalization / Revenue 7.98x 15.6x 27.4x 19.7x 5.14x 11.1x
EV / Revenue 4.79x 9.78x 21.9x 15x 3.61x 5.97x
EV / EBITDA 6.24x 17.6x 50.5x 41.4x 4.44x 12.7x
EV / EBIT 6.25x 17.6x 50.7x 41.7x 4.44x 12.8x
EV / FCF -100x 8.84x 136x 72.2x -464x 3.36x
FCF Yield -1% 11.3% 0.74% 1.38% -0.22% 29.7%
Dividend per Share 2 2.535 2.7 2 1.5 6 2
Rate of return 4.38% 3.72% 1.6% 1.42% 6.64% 2.84%
EPS 2 4.14 2.94 2.22 1.91 12.17 2.69
Distribution rate 61.2% 91.8% 90.1% 78.5% 49.3% 74.3%
Net sales 1 1,056 654.8 654.4 767.7 2,523 911.4
EBITDA 1 811.3 363.4 283.4 278.5 2,055 427.2
EBIT 1 809.7 362.7 282.7 277.2 2,053 425.5
Net income 1 604.3 426 318.8 274.6 1,751 387.6
Net Debt 1 -3,372 -3,806 -3,639 -3,613 -3,854 -4,675
Reference price 2 57.90 72.60 125.00 105.50 90.30 70.40
Nbr of stocks (in thousands) 145,597 140,596 143,687 143,679 143,678 143,678
Announcement Date 3/24/21 3/18/22 3/17/23 3/12/24 3/7/25 3/21/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 279M
33.04x5.91x17.56x0.97% 48.42B
-21.14x288.75x-21.43x-.--% 43.66B
45.52x5.25x28.69x-.--% 39.51B
30.48x3.03x13.08x-.--% 38.95B
30.58x8.82x22.17x0.38% 32.61B
32.9x5.38x24.45x-.--% 16.15B
23.48x2.05x8.89x1.15% 14.16B
74.93x3.96x15.35x-.--% 13.37B
Average 31.22x 40.39x 13.59x 0.31% 27.46B
Weighted average by Cap. 26.43x 55.41x 12.18x 0.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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