Company Valuation: Phison Electronics Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,902 59,917 102,757 109,648 301,752 418,002 - -
Change - -40.62% 71.5% 6.71% 175.2% 38.52% - -
Enterprise Value (EV) 1 85,380 46,551 90,731 96,192 287,828 363,941 340,457 332,396
Change - -45.48% 94.91% 6.02% 199.22% 26.44% -6.45% -2.37%
P/E 12.4x 12.1x 29.6x 15x 36.5x 4.53x 6.51x 7.4x
PBR 2.7x 1.61x 2.44x 2.24x 5.02x 2.74x 2.48x 2.38x
PEG - -0.3x -0.9x 0x 3.2x 0x -0.2x -0.6x
Capitalization / Revenue 1.61x 0.99x 2.13x 1.86x 4.15x 1.47x 1.23x 1.22x
EV / Revenue 1.36x 0.77x 1.88x 1.63x 3.96x 1.28x 1x 0.97x
EV / EBITDA 8.69x 5.9x 18.8x 20.2x 29.9x 3.43x 4.62x 5.6x
EV / EBIT 9.4x 6.8x 25.1x 27.2x 34.8x 3.6x 4.6x 5.82x
EV / FCF 31.5x 22.8x -43.5x 85.2x 1,433x 7.94x 10.5x 4.44x
FCF Yield 3.17% 4.39% -2.3% 1.17% 0.07% 12.6% 9.55% 22.5%
Dividend per Share 2 23 14.72 13.26 - 23.23 132.4 100.6 143.9
Rate of return 4.49% 4.67% 2.55% - 1.6% 7% 5.32% 7.61%
EPS 2 41.34 26.06 17.57 35.68 39.74 417.2 290.2 255.5
Distribution rate 55.6% 56.5% 75.5% - 58.5% 31.7% 34.7% 56.3%
Net sales 1 62,557 60,256 48,222 58,936 72,664 283,505 340,828 342,645
EBITDA 1 9,827 7,890 4,827 4,766 9,628 106,019 73,749 59,319
EBIT 1 9,084 6,844 3,622 3,533 8,266 101,062 73,934 57,130
Net income 1 8,147 5,401 3,624 7,953 8,739 94,052 65,082 57,755
Net Debt 1 -15,522 -13,367 -12,025 -13,457 -13,924 -54,061 -77,545 -85,606
Reference price 2 512.00 315.00 520.00 534.00 1,450.00 1,890.00 1,890.00 1,890.00
Nbr of stocks (in thousands) 197,074 190,214 197,609 205,334 208,105 221,165 - -
Announcement Date 3/4/22 3/16/23 3/12/24 3/7/25 3/6/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
4.39x1.24x3.31x7.23% 12.5B
21.72x12.4x18.7x0.35% 5,245B
22.07x10.83x14.66x1.08% 1,954B
37.21x15.74x23.13x0.75% 1,644B
5.38x3.3x3.67x0.07% 1,054B
98.16x17.78x67.41x-.--% 918B
3.56x2.15x2.6x0.28% 684B
-41.29x8.28x23.06x-.--% 501B
195.16x42.42x86.53x-.--% 261B
Average 38.48x 12.68x 27.01x 1.08% 1,364B
Weighted average by Cap. 28.26x 12.11x 21.71x 0.45%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Phison Electronics Corp.

Historical PBR trend

Valuation ratios - PBR - Phison Electronics Corp.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Phison Electronics Corp.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Phison Electronics Corp.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Phison Electronics Corp.
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