Company Valuation: Gold Circuit Electronics Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,098 37,975 106,098 117,535 334,355 519,574 - -
Change - -7.6% 179.39% 10.78% 184.47% 55.4% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 531,116 543,737 529,955
Change - -10.11% 175.6% 11.77% 188.81% 59.08% 2.38% -2.53%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 26.2x 16.9x 11.7x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 10.7x 7.74x 5x
PEG - 0.2x -1.7x 0.4x 0.5x 0.3x 0.3x 0.3x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 4.89x 3.29x 2.48x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 5x 3.44x 2.53x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 16.7x 10.4x 7.21x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 17.8x 11x 7.51x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -57x 2,354x 19.4x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -1.75% 0.04% 5.15%
Dividend per Share 2 2.444 - 3.5 6 10 14.43 21.46 30.94
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.42% 2.11% 3.05%
EPS 2 5.978 8.78 7.25 11.54 19.47 38.69 59.95 86.88
Distribution rate 40.9% - 48.3% 52% 51.4% 37.3% 35.8% 35.6%
Net sales 1 26,607 32,785 30,044 38,952 60,004 106,327 157,936 209,626
EBITDA 1 4,898 6,911 6,103 9,156 15,359 31,782 52,201 73,468
EBIT 1 4,123 6,037 5,136 8,067 14,043 29,770 49,388 70,561
Net income 1 2,927 4,568 3,529 5,616 9,607 20,967 32,966 44,330
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 11,542 24,163 10,381
Reference price 2 84.44 86.80 218.00 241.50 687.00 1,015.00 1,015.00 1,015.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 511,896 - -
Announcement Date 3/21/22 3/15/23 3/15/24 3/13/25 3/12/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.23x5x16.71x1.42% 16.24B
61.16x9.84x49.55x1.33% 210B
54.74x9.34x16.52x-.--% 104B
53.79x11.43x39.94x1.02% 69.04B
54.85x - - 0.18% 55.45B
46.91x8.79x31x0.95% 52.29B
8311.11x78.64x2496.51x - 44.37B
28.67x7.87x22.04x1.18% 38.22B
49.88x8.32x33.76x0.88% 38.18B
35.99x8.33x27.44x0.54% 34.6B
Average 872.33x 16.40x 303.72x 0.83% 66.28B
Weighted average by Cap. 605.31x 14.44x 215.08x 0.86%

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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