Company Valuation: Welldone Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,693 3,805 3,024 5,271 4,673 4,814
Change - 124.74% -20.53% 74.35% -11.35% 3.02%
Enterprise Value (EV) 1 2,093 4,672 3,930 6,368 5,583 5,764
Change - 123.19% -15.88% 62.05% -12.33% 3.25%
P/E 12x 23.7x 12.8x 20x 14.3x 11.2x
PBR 1.36x 2.91x 2.17x 2.79x 2.4x 2.26x
PEG - 1.7x 0.3x 54x 0.6x 0.3x
Capitalization / Revenue 0.48x 1.28x 1.22x 2.33x 1.61x 1.51x
EV / Revenue 0.59x 1.57x 1.59x 2.82x 1.92x 1.81x
EV / EBITDA 10.5x 27.2x 23.4x 27.3x 20.2x 17.9x
EV / EBIT 12.4x 32.5x 25.6x 28.5x 20.9x 18.4x
EV / FCF -10.5x -11.9x 16.5x -8.26x 17x 806x
FCF Yield -9.55% -8.43% 6.08% -12.1% 5.9% 0.12%
Dividend per Share 2 1.4 1.6 2.1 2.73 3.11 4
Rate of return 7.22% 3.67% 6.06% 5.04% 6.47% 8.08%
EPS 2 1.61 1.84 2.7 2.71 3.35 4.43
Distribution rate 87% 87% 77.8% 101% 92.8% 90.3%
Net sales 1 3,562 2,977 2,469 2,261 2,906 3,186
EBITDA 1 199.8 172 167.8 233.2 276.5 321.4
EBIT 1 168.9 143.6 153.3 223.4 267 312.8
Net income 1 142 162.1 237.9 249.1 330.1 437.2
Net Debt 1 400.4 867.3 906.2 1,097 909.6 949.8
Reference price 2 19.40 43.60 34.65 54.20 48.05 49.50
Nbr of stocks (in thousands) 87,260 87,260 87,260 97,260 97,260 97,260
Announcement Date 3/29/21 3/31/22 3/28/23 5/31/24 3/28/25 3/30/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 143M
17.17x1.84x6.79x4.69% 4.78B
19.5x5.98x12.42x4.74% 791M
16.11x2.27x13.66x6.35% 758M
Average 17.60x 3.36x 10.96x 5.26% 1.62B
Weighted average by Cap. 17.34x 2.41x 8.32x 4.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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