Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 495,233 - -
Change - -40.62% 71.5% 6.71% 175.2% 64.12% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 440,586 421,089 425,072
Change - -45.48% 94.91% 6.02% 199.22% 53.07% -4.43% 0.95%
P/E 12.4x 12.1x 29.6x 15x 36.5x 6.55x 11.2x 5.72x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 4.68x 4.15x 4.08x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.3x 0.1x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 2.09x 2.02x 2.11x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.86x 1.72x 1.81x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 6.06x 7.4x 6.47x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 5.92x 10.1x 6.61x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 15.3x 11.9x 4.92x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 6.52% 8.43% 20.3%
Dividend per Share 2 23 14.72 13.26 - 23.23 132.8 77.19 68.02
Rate of return 4.49% 4.67% 2.55% - 1.6% 5.93% 3.45% 3.04%
EPS 2 41.34 26.06 17.57 35.68 39.74 342 199.7 391.9
Distribution rate 55.6% 56.5% 75.5% - 58.5% 38.8% 38.6% 17.4%
Net sales 1 62,557 60,256 48,222 58,936 72,664 236,589 244,694 234,429
EBITDA 1 9,827 7,890 4,827 4,766 9,628 72,755 56,915 65,676
EBIT 1 9,084 6,844 3,622 3,533 8,266 74,449 41,734 64,328
Net income 1 8,147 5,401 3,624 7,953 8,739 75,906 43,588 86,429
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -54,647 -74,143 -70,160
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 2,240.00 2,240.00 2,240.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,086 - -
Announcement Date 3/4/22 3/16/23 3/12/24 3/7/25 3/6/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.64x1.89x6.15x5.85% 15.75B
70.77x25.91x74.17x0.34% 80.85B
104.85x49.94x103.79x0.29% 57.21B
20.09x7x22.93x0.28% 41.58B
396.99x - - 0.78% 29.82B
60.65x - - - 18.4B
49.89x - - - 13.39B
56.4x2.34x17.99x - 3.49B
2.81x - - - 3.39B
Average 85.45x 17.42x 45.01x 1.51% 29.32B
Weighted average by Cap. 100.38x 26.55x 65.61x 0.76%

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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