Company Valuation: DFI Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,739 6,995 6,743 7,659 8,529 6,961
Change - -9.62% -3.6% 13.58% 11.36% -18.39%
Enterprise Value (EV) 1 6,729 8,763 8,784 8,272 9,443 7,972
Change - 30.23% 0.24% -5.83% 14.15% -15.58%
P/E 19.3x 11.5x 12.9x 21.3x 21.6x 24.5x
PBR 2.6x 2.29x 2.08x 2.42x 2.43x 2.05x
PEG - 0.2x -0.9x -0.7x 2.19x -0.9x
Capitalization / Revenue 0.93x 0.53x 0.42x 0.83x 0.89x 0.64x
EV / Revenue 0.81x 0.66x 0.54x 0.9x 0.99x 0.73x
EV / EBITDA 8.85x 12.9x 9.31x 11.1x 11.3x 10.8x
EV / EBIT 10.4x 16.6x 12x 15.2x 14.4x 15.3x
EV / FCF 16.6x -3.56x 17.5x 3.99x 11.4x 16.7x
FCF Yield 6.01% -28.1% 5.71% 25.1% 8.76% 5.97%
Dividend per Share 2 3 3.6 4 3 3.4 2.45
Rate of return 4.44% 5.89% 6.79% 4.48% 4.56% 4.03%
EPS 2 3.51 5.33 4.58 3.14 3.45 2.48
Distribution rate 85.5% 67.5% 87.3% 95.5% 98.6% 98.8%
Net sales 1 8,350 13,211 16,190 9,184 9,584 10,876
EBITDA 1 760.7 678.3 943.9 743.9 839 740.1
EBIT 1 648.1 526.3 731.2 544.8 657.9 519.6
Net income 1 405 615.9 528.2 361.7 396.6 285.4
Net Debt 1 -1,010 1,768 2,041 613 913.5 1,011
Reference price 2 67.60 61.10 58.90 66.90 74.50 60.80
Nbr of stocks (in thousands) 114,489 114,489 114,489 114,489 114,489 114,489
Announcement Date 24/3/21 7/3/22 3/3/23 5/3/24 26/2/25 12/3/26
1TWD in Million2TWD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 216M
23.19x1.95x15.4x0.45% 361B
24.18x9.78x17.34x0.36% 189B
21.98x2.07x10.56x0.91% 82.42B
17.01x0.44x7.86x1.88% 49.51B
32.72x5.74x19.54x1.27% 41.83B
34.78x21.23x26.29x1.28% 36.4B
14.18x0.62x7.52x3.38% 32B
11.96x0.62x9.3x5.62% 21.7B
16.95x0.32x9.37x0.72% 21.53B
Average 21.88x 4.75x 13.69x 1.76% 83.51B
Weighted average by Cap. 23.11x 4.55x 14.98x 0.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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