Company Valuation: Yageo Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 235,875 188,191 250,238 278,103 475,028 1,154,853 - -
Change - -20.22% 32.97% 11.14% 70.81% 143.11% - -
Enterprise Value (EV) 1 276,677 231,851 315,202 358,196 541,838 1,207,420 1,167,301 1,137,065
Change - -16.2% 35.95% 13.64% 51.27% 122.84% -3.32% -2.59%
P/E 10.6x 10.4x 14.3x 14.2x 20.1x 29x 18.1x 12.2x
PBR 2.97x 1.55x 1.83x 1.71x 2.78x 5.8x 4.43x 3.73x
PEG - -0.4x -4.38x 1.58x 1x 0.4x 0.3x 0.3x
Capitalization / Revenue 2.21x 1.55x 2.33x 2.29x 3.57x 6.37x 4.75x 3.75x
EV / Revenue 2.6x 1.91x 2.93x 2.94x 4.08x 6.66x 4.81x 3.69x
EV / EBITDA 7.92x 6.32x 11x 11x 13.7x 20.4x 12.8x 8.54x
EV / EBIT 9.52x 8x 15.4x 15.3x 18.2x 24.4x 14.4x 9.5x
EV / FCF 19.6x 11.3x 21.6x 14.6x 21.8x 40.6x 21.7x 13.9x
FCF Yield 5.11% 8.87% 4.63% 6.84% 4.58% 2.46% 4.6% 7.21%
Dividend per Share 2 2.629 2.092 4.185 5 6 8.091 12.78 18.83
Rate of return 2.09% 2.22% 3.35% 3.7% 2.6% 1.44% 2.27% 3.35%
EPS 2 11.91 9.041 8.746 9.532 11.51 19.38 31.06 45.93
Distribution rate 22.1% 23.1% 47.8% 52.5% 52.1% 41.7% 41.2% 41%
Net sales 1 106,539 121,087 107,609 121,667 132,930 181,265 242,919 307,846
EBITDA 1 34,950 36,676 28,760 32,609 39,635 59,267 91,223 133,098
EBIT 1 29,074 28,988 20,472 23,386 29,801 49,393 81,222 119,646
Net income 1 22,903 22,730 17,469 19,356 23,634 39,942 63,166 89,786
Net Debt 1 40,802 43,660 64,964 80,093 66,811 52,568 12,448 -17,788
Reference price 2 126.05 94.36 124.91 135.25 231.00 562.00 562.00 562.00
Nbr of stocks (in thousands) 1,871,260 1,994,301 2,003,308 2,056,215 2,056,398 2,054,898 - -
Announcement Date 3/17/22 3/29/23 2/29/24 3/25/25 2/26/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
29x6.66x20.37x1.44% 36.5B
32.8x6.07x18.59x0.62% 204B
13.74x0.31x6.93x3.66% 113B
36.85x5.93x19.33x0.97% 83.88B
24.6x8.63x18.31x0.5% 80.16B
68.05x7.19x33.6x0.21% 76.68B
19.37x1.16x13.21x0.68% 65.42B
19.01x3.23x12.27x1.4% 60.41B
38.07x5.36x20.17x0.02% 55.2B
61.38x27.56x61.27x0.43% 40.41B
Average 34.29x 7.21x 22.40x 0.99% 81.63B
Weighted average by Cap. 32.58x 6.05x 19.83x 1.08%

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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