Company Valuation: Compal Electronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 105,443 100,432 173,632 164,046 132,457 172,978 - -
Change - -4.75% 72.89% -5.52% -19.26% 30.59% - -
Enterprise Value (EV) 1 176,295 126,736 186,797 169,537 128,055 187,510 223,641 237,306
Change - -28.11% 47.39% -9.24% -24.47% 46.43% 19.27% 6.11%
P/E 8.34x 13.9x 22.8x 16.4x 22.2x 19.7x 14.7x 12x
PBR 0.95x 0.86x 1.47x 1.17x 1x 1.32x 1.23x 1.18x
PEG - -0.3x 4.21x 0.5x -0.5x 0.4x 0.4x 0.5x
Capitalization / Revenue 0.09x 0.09x 0.18x 0.18x 0.17x 0.18x 0.15x 0.13x
EV / Revenue 0.14x 0.12x 0.2x 0.19x 0.17x 0.2x 0.19x 0.18x
EV / EBITDA 8.71x 7.56x 9.38x 7.47x 7.2x 9.57x 8.81x 8.11x
EV / EBIT 13.2x 13.7x 15.5x 11.4x 12x 15.2x 12.7x 10.9x
EV / FCF -4.96x 2.49x 8.3x 9.34x 5.92x -10.1x -9.65x -
FCF Yield -20.2% 40.2% 12% 10.7% 16.9% -9.91% -10.4% -
Dividend per Share 2 2 1 1.2 1.4 1.1 1.275 1.717 1.894
Rate of return 8.26% 4.34% 3.01% 3.72% 3.62% 3.21% 4.33% 4.77%
EPS 2 2.9 1.66 1.75 2.3 1.37 2.012 2.708 3.302
Distribution rate 69% 60.2% 68.6% 60.9% 80.3% 63.4% 63.4% 57.4%
Net sales 1 1,235,682 1,073,246 946,715 910,253 757,513 958,714 1,147,030 1,318,263
EBITDA 1 20,252 16,763 19,922 22,710 17,782 19,592 25,382 29,249
EBIT 1 13,349 9,219 12,048 14,842 10,636 12,346 17,592 21,776
Net income 1 12,633 7,288 7,668 10,042 6,030 8,752 12,242 16,340
Net Debt 1 70,852 26,304 13,165 5,491 -4,402 14,532 50,663 64,328
Reference price 2 24.20 23.05 39.85 37.65 30.40 39.70 39.70 39.70
Nbr of stocks (in thousands) 4,357,130 4,357,130 4,357,130 4,357,130 4,357,130 4,357,130 - -
Announcement Date 3/16/22 3/16/23 3/1/24 2/27/25 3/10/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.73x0.2x9.57x3.21% 5.45B
12.75x0.38x10.95x5.79% 40.89B
34.87x5.68x27.58x2% 18.92B
18.03x0.29x12.72x3.93% 7.52B
17.76x0.33x10.15x4.11% 3.04B
12.68x1.38x7.21x6.24% 2.28B
Average 19.31x 1.38x 13.03x 4.21% 13.02B
Weighted average by Cap. 19.30x 1.67x 14.91x 4.46%

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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