Company Valuation: MediaTek Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,893,347 994,680 1,615,731 2,255,360 2,282,473 2,513,886 - -
Change - -47.46% 62.44% 39.59% 1.2% 10.14% - -
Enterprise Value (EV) 1 1,713,961 843,478 1,452,535 2,041,947 2,037,602 2,297,036 2,240,247 2,201,402
Change - -50.79% 72.21% 40.58% -0.21% 12.73% -2.47% -1.73%
P/E ratio 16.9x 8.38x 20.9x 21.1x 21.6x 24.8x 16x 12x
PBR 4.37x 2.24x 4.15x 5.67x 5.7x 5.88x 4.97x 4.08x
PEG - 1.47x -0.6x 0.6x -19.02x -6.41x 0.3x 0.4x
Capitalization / Revenue 3.84x 1.81x 3.73x 4.25x 3.83x 4.01x 2.97x 2.37x
EV / Revenue 3.47x 1.54x 3.35x 3.85x 3.42x 3.66x 2.64x 2.08x
EV / EBITDA 14.4x 5.95x 16.1x 16.6x 16.1x 18.9x 11.3x 8.13x
EV / EBIT 15.9x 6.65x 20.2x 19.9x 19.7x 22.9x 13.6x 9.66x
EV / FCF 56.9x 6.44x 9.27x 14.4x 13.8x 22.7x 15.4x 9.03x
FCF Yield 1.76% 15.5% 10.8% 6.97% 7.25% 4.41% 6.49% 11.1%
Dividend per Share 2 73 76 55 54 53.5 51.36 67.45 81.81
Rate of return 6.13% 12.2% 5.42% 3.82% 3.74% 3.26% 4.28% 5.19%
EPS 2 70.56 74.59 48.51 66.92 66.16 63.6 98.17 130.8
Distribution rate 103% 102% 113% 80.7% 80.9% 80.8% 68.7% 62.5%
Net sales 1 493,415 548,796 433,446 530,586 595,966 627,335 847,706 1,058,799
EBITDA 1 118,661 141,767 90,000 123,348 126,444 121,419 198,732 270,629
EBIT 1 108,040 126,788 71,800 102,412 103,470 100,114 165,069 227,794
Net income 1 111,421 118,141 76,979 106,387 105,319 100,211 156,928 208,061
Net Debt 1 -179,386 -151,202 -163,196 -213,413 -244,871 -216,850 -273,638 -312,484
Reference price 2 1,190.00 625.00 1,015.00 1,415.00 1,430.00 1,575.00 1,575.00 1,575.00
Nbr of stocks (in thousands) 1,591,048 1,591,488 1,591,853 1,593,894 1,596,135 1,596,118 - -
Announcement Date 1/27/22 2/4/23 1/31/24 2/7/25 2/5/26 - - -
1TWD in Million2TWD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.76x3.66x18.92x3.26% 79.2B
21.75x9.8x13.81x1.21% 1,634B
46.16x8.41x33.76x1.11% 38.61B
123.99x6.45x52.86x0.1% 38.32B
29.66x7.79x21.39x1.52% 37.02B
-1249.51x61.49x-2233.24x - 35.88B
55.35x5.64x22.04x0.66% 30.72B
36.01x6x24.83x1.01% 26.14B
29.56x6.54x23.48x0.77% 24.89B
24.47x2.74x13.56x1.81% 19.04B
Average -85.78x 11.85x -200.86x 1.27% 196.38B
Weighted average by Cap. 2.11x 10.14x -25.34x 1.26%

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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