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 37,975 106,098 117,535 334,355 468,485 - -
Change - -7.6% 179.39% 10.78% 184.47% 40.12% - -
Enterprise Value (EV) 1 41,749 37,530 103,432 115,604 333,875 490,559 490,707 481,916
Change - -10.11% 175.6% 11.77% 188.81% 46.93% 0.03% -1.79%
P/E 14.1x 9.89x 30.1x 20.9x 35.3x 33.5x 17.8x 13.5x
PBR 3.6x 2.95x 6.44x 5.51x 10.1x 10.3x 7.17x 4.83x
PEG - 0.2x -1.7x 0.4x 0.5x 0.8x 0.2x 0.4x
Capitalization / Revenue 1.54x 1.16x 3.53x 3.02x 5.57x 4.82x 3.17x 2.4x
EV / Revenue 1.57x 1.14x 3.44x 2.97x 5.56x 5.04x 3.32x 2.47x
EV / EBITDA 8.52x 5.43x 16.9x 12.6x 21.7x 16.5x 9.49x 6.79x
EV / EBIT 10.1x 6.22x 20.1x 14.3x 23.8x 17.6x 10.3x 7.19x
EV / FCF 26.7x 12.2x 28x 234x -74.6x -138x 993x 20.9x
FCF Yield 3.75% 8.22% 3.57% 0.43% -1.34% -0.73% 0.1% 4.77%
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% 1.37% 2.6% 4.06%
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 86.80 218.00 241.50 687.00 927.00 927.00 927.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.47x5.04x16.52x1.37% 14.46B
50.74x8x40.6x1.57% 166B
65.52x9.87x18.94x-.--% 104B
64.67x - - 0.16% 65.06B
45.52x9.18x33.9x1.05% 49.7B
8666.33x82.06x2604.91x - 46.04B
51.29x7.05x28.17x0.81% 40.19B
37.93x8.78x28.9x0.52% 36.28B
25.71x6.95x19.44x1.32% 34.1B
44.04x7.34x29.9x1% 33.56B
Average 908.52x 16.03x 313.47x 0.87% 58.99B
Weighted average by Cap. 723.90x 14.77x 256.13x 0.87%

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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