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 59,917 102,757 109,648 301,752 423,380 - -
Change - -40.62% 71.5% 6.71% 175.2% 40.31% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 361,045 346,122 341,067
Change - -45.48% 94.91% 6.02% 199.22% 25.44% -4.13% -1.46%
P/E 12.4x 12.1x 29.6x 15x 36.5x 5.6x 9.59x 4.89x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 3.8x 3.45x 3.31x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.2x 0.1x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 1.76x 1.7x 1.76x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.5x 1.39x 1.42x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 4.67x 6.06x 5.22x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 4.6x 8.25x 5.33x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 12.6x 9.75x 3.95x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 7.96% 10.3% 25.3%
Dividend per Share 2 23 14.72 13.26 - 23.23 145.7 78.41 68.82
Rate of return 4.49% 4.67% 2.55% - 1.6% 7.61% 4.09% 3.59%
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% 42.6% 39.3% 17.6%
Net sales 1 62,557 60,256 48,222 58,936 72,664 240,071 249,020 240,396
EBITDA 1 9,827 7,890 4,827 4,766 9,628 77,299 57,116 65,330
EBIT 1 9,084 6,844 3,622 3,533 8,266 78,488 41,965 63,981
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 -62,335 -77,258 -82,312
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 1,915.00 1,915.00 1,915.00
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.($)
5.42x1.45x4.5x7.86% 12.66B
43.59x15.51x44.4x0.55% 49.55B
72.34x33.15x70.94x0.43% 39.76B
12.69x3.92x6.93x0.72% 26.36B
39.33x - - - 12B
43.45x - - - 11.44B
2.64x - - - 3.13B
32.64x1.89x13.43x - 2.98B
Average 31.51x 11.18x 28.04x 2.39% 19.73B
Weighted average by Cap. 41.26x 16.86x 40.36x 1.27%

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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