Company Valuation: Powerchip Semiconductor Manufacturing Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 251,706 125,715 119,909 66,034 166,007 333,121 - -
Change - -50.05% -4.62% -44.93% 151.4% 100.67% - -
Enterprise Value (EV) 1 228,445 82,833 127,805 96,735 202,558 300,254 273,727 243,160
Change - -63.74% 54.29% -24.31% 109.4% 48.23% -8.84% -11.17%
P/E 16.1x 5.49x -73.6x -9.7x -21.3x 10.6x 8.5x 7.17x
PBR 3.78x 1.34x 1.28x 0.75x 2.04x 1.64x 1.73x 1.41x
PEG - 0.2x 1x -0x -1.6x -0x 0.3x 0.4x
Capitalization / Revenue 3.84x 1.65x 2.72x 1.48x 3.55x 4.46x 3.01x 2.74x
EV / Revenue 3.48x 1.09x 2.9x 2.16x 4.33x 4.02x 2.47x 2x
EV / EBITDA 8.68x 2.51x 35.6x 56.2x 38.5x 7.21x 5.07x 4.03x
EV / EBIT 11.4x 3.15x -40.5x -12.1x -34x 9.45x 6.19x 4.8x
EV / FCF 16x 6.13x -2.75x -5.69x -264x 5.78x 7.21x -
FCF Yield 6.24% 16.3% -36.3% -17.6% -0.38% 17.3% 13.9% -
Dividend per Share 2 1.83 1.03 - - - 0.8463 1.488 2.515
Rate of return 2.57% 3.23% - - - 1.2% 2.1% 3.56%
EPS 2 4.41 5.8 -0.4 -1.64 -1.86 6.655 8.314 9.858
Distribution rate 41.5% 17.8% - - - 12.7% 17.9% 25.5%
Net sales 1 65,623 76,087 44,023 44,726 46,730 74,646 110,614 121,521
EBITDA 1 26,323 32,954 3,594 1,721 5,263 41,652 53,948 60,276
EBIT 1 20,088 26,328 -3,156 -7,965 -5,960 31,762 44,246 50,641
Net income 1 16,092 21,635 -1,644 -6,777 -7,813 29,006 35,891 39,163
Net Debt 1 -23,261 -42,883 7,896 30,701 36,551 -32,867 -59,395 -89,961
Reference price 2 71.20 31.85 29.45 15.90 39.55 70.70 70.70 70.70
Nbr of stocks (in thousands) 3,535,196 3,947,105 4,071,597 4,153,085 4,197,401 4,711,760 - -
Announcement Date 2/11/22 1/13/23 2/22/24 2/27/25 2/26/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.62x4.02x7.21x1.2% 10.53B
21.96x12.43x18.83x0.35% 5,271B
22.44x11.01x14.92x1.12% 1,976B
39.27x16.54x24.3x0.72% 1,728B
13.4x8.16x9.85x0.05% 1,101B
5.19x3.31x4x0.2% 985B
90.29x16.33x62.01x-.--% 843B
-44.6x8.94x24.89x-.--% 541B
210.78x46.03x93.72x-.--% 283B
Average 41.04x 14.09x 28.86x 0.4% 1,415B
Weighted average by Cap. 28.22x 12.54x 21.81x 0.44%

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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