Company Valuation: Wellell Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,901 2,967 2,967 2,916 2,513 2,225
Change - 2.26% 0% -1.7% -13.84% -11.45%
Enterprise Value (EV) 1 2,709 2,914 2,917 2,522 2,038 1,635
Change - 7.57% 0.1% -13.55% -19.17% -19.78%
P/E Ratio 27.9x 29.1x 18.5x 19.3x 21.8x 18.5x
PBR 1.38x 1.44x 1.34x 1.25x 1.04x 0.88x
PEG - -14.99x 0.3x -3.41x -0.9x 4.22x
Capitalization / Revenue 1.45x 1.25x 1.11x 1.1x 1.05x 0.93x
EV / Revenue 1.35x 1.23x 1.1x 0.95x 0.85x 0.68x
EV / EBITDA 15.4x 14.9x 10.6x 8.85x 9.13x 6.52x
EV / EBIT 27.4x 27.9x 15.8x 13x 15.5x 10.8x
EV / FCF 15x -25.7x -70.6x 6.64x 15.4x 11.8x
FCF Yield 6.68% -3.89% -1.42% 15.1% 6.48% 8.45%
Dividend per Share 2 0.55 0.55 0.85 0.8 0.8 -
Rate of return 1.91% 1.87% 2.89% 2.77% 3.21% -
EPS 2 1.03 1.01 1.59 1.5 1.14 1.19
Distribution rate 53.4% 54.5% 53.5% 53.3% 70.2% -
Net sales 1 2,004 2,374 2,664 2,647 2,387 2,404
EBITDA 1 175.8 195.5 275.6 284.8 223.3 250.8
EBIT 1 98.94 104.3 184.9 194.2 131.7 150.8
Net income 1 104.6 102.2 161.4 152.2 115.2 121.1
Net Debt 1 -192.3 -52.8 -50.01 -394.8 -474.5 -590.2
Reference price 2 28.75 29.40 29.40 28.90 24.90 22.05
Nbr of stocks (in thousands) 100,912 100,912 100,912 100,912 100,912 100,912
Announcement Date 3/31/21 3/31/22 3/31/23 3/15/24 3/17/25 3/17/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 74.36M
19.25x0.88x10.36x-.--% 9.26B
12.36x0.22x4.73x2.86% 1.22B
17.06x1.22x9.27x2.87% 965M
-3.63x0.69x5.21x0.08% 255M
Average 11.26x 0.75x 7.39x 1.45% 2.35B
Weighted average by Cap. 17.85x 0.84x 9.57x 0.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Wellell Inc.
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