Company Valuation: TRK Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,069 860.6 1,059 1,683 2,263 1,971
Change - -19.48% 23.04% 58.94% 34.44% -12.89%
Enterprise Value (EV) 1 4,201 3,866 4,163 4,705 5,516 2,922
Change - -7.99% 7.68% 13.03% 17.25% -47.03%
P/E 16,964x -5.73x -34x 27.9x -44.5x 3.03x
PBR 1.33x 1.36x 1.48x 2.16x 2.27x 1.18x
PEG - 0x 0.4x -0x 0x -0x
Capitalization / Revenue 0.93x 1.11x 0.96x 1.27x 1.77x 1.47x
EV / Revenue 3.64x 4.97x 3.76x 3.55x 4.31x 2.18x
EV / EBITDA 58.8x -108x 34.8x 21.6x 40.7x 41.8x
EV / EBIT -94.6x -27.1x -634x 58.5x -356x -27.4x
EV / FCF 23.2x 32.2x 25.8x 16.8x -16.8x -9.41x
FCF Yield 4.32% 3.11% 3.87% 5.96% -5.96% -10.6%
Dividend per Share 2 4 - - - - 2
Rate of return 28.1% - - - - 11%
EPS 2 0.00084 -2.05 -0.3531 0.67 -0.4713 6.02
Distribution rate 476,190% - - - - 33.2%
Net sales 1 1,155 778.1 1,107 1,325 1,279 1,338
EBITDA 1 71.48 -35.9 119.7 217.4 135.5 69.83
EBIT 1 -44.39 -142.7 -6.561 80.44 -15.48 -106.5
Net income 1 0.063 -151.3 -31.16 60.18 -46.73 651.5
Net Debt 1 3,132 3,005 3,104 3,022 3,254 951.1
Reference price 2 14.25 11.75 12.00 18.70 20.95 18.25
Nbr of stocks (in thousands) 75,000 73,239 88,239 90,000 108,000 108,000
Announcement Date 3/30/21 3/31/22 3/28/23 3/27/24 3/17/25 3/19/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 49.34M
15.34x4.19x11.3x1.05% 119B
26.45x5.42x19.11x-.--% 37.96B
16.05x2.1x8.23x0.64% 35.82B
40.76x6.84x20.57x0.51% 34.21B
24.46x1.78x7.4x0.82% 24.75B
41.12x5.93x25.5x-.--% 22.65B
26.3x3.16x11.19x-.--% 9.38B
26.46x2.71x10.05x6% 5.28B
Average 27.12x 4.02x 14.17x 1.13% 32.12B
Weighted average by Cap. 23.26x 4.28x 13.79x 0.75%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TRK Corporation

Historical PBR trend

Valuation ratios - PBR - TRK Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TRK Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TRK Corporation

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