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 37,975 106,098 117,535 334,355 543,281 - -
Change - -7.6% 179.39% 10.78% 184.47% 62.49% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 565,355 565,503 556,712
Change - -10.11% 175.6% 11.77% 188.81% 69.33% 0.03% -1.55%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 38.8x 20.6x 15.7x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 12x 8.31x 5.6x
PEG - 0.2x -1.7x 0.4x 0.5x 0.9x 0.2x 0.5x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 5.58x 3.67x 2.79x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 5.81x 3.82x 2.85x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 19x 10.9x 7.84x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 20.3x 11.8x 8.3x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -159x 1,145x 24.2x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -0.63% 0.09% 4.13%
Dividend per Share 2 2.444 - 3.5 6 10 12.66 24.08 37.61
Rate of return 2.89% - 1.61% 2.48% 1.46% 1.18% 2.24% 3.5%
EPS 2 5.978 8.78 7.25 11.54 19.47 27.7 52.07 68.58
Distribution rate 40.9% - 48.3% 52% 51.4% 45.7% 46.2% 54.8%
Net sales 1 26,607 32,785 30,044 38,952 60,004 97,294 147,928 195,032
EBITDA 1 4,898 6,911 6,103 9,156 15,359 29,698 51,731 70,967
EBIT 1 4,123 6,037 5,136 8,067 14,043 27,825 47,831 67,055
Net income 1 2,927 4,568 3,529 5,616 9,607 18,257 28,127 34,790
Net Debt 1 651.3 -445.5 -2,666 -1,931 -479.7 22,074 22,222 13,431
Reference price 2 84.44 86.80 218.00 241.50 687.00 1,075.00 1,075.00 1,075.00
Nbr of stocks (in thousands) 486,688 437,504 486,688 486,689 486,688 505,378 - -
Announcement Date 21/3/22 15/3/23 15/3/24 13/3/25 12/3/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.81x5.81x19.04x1.18% 16.93B
59.1x9.37x47.56x1.35% 195B
77.09x11.43x21.93x-.--% 122B
64.77x - - 0.16% 65.14B
53.62x10.94x40.69x0.87% 59.12B
10103.89x95.88x1681.37x - 53.66B
56.63x9.37x38.35x0.77% 42.8B
56.52x7.54x30.15x0.72% 43.3B
28.39x7.8x21.46x1.17% 38.23B
39.06x8.94x29.04x0.52% 36.74B
Average 1,057.79x 18.56x 214.40x 0.75% 67.34B
Weighted average by Cap. 859.14x 17.21x 180.42x 0.76%

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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