Company Valuation: Radiant Opto-Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 46,968 48,828 61,849 91,378 57,070 31,826 -
Change - 3.96% 26.67% 47.74% -37.55% -44.23% -
Enterprise Value (EV) 1 34,503 20,795 32,815 62,804 33,559 10,268 31,826
Change - -39.73% 57.8% 91.39% -46.57% -69.4% 209.96%
P/E 9.17x 7.41x 11.7x 12.6x 13.2x 10.5x 9.33x
PBR 1.53x 1.44x 1.8x 2.42x 1.59x 0.84x -
PEG - 0.3x -0.6x 0.3x -0.3x -0.3x 0.7x
Capitalization / Revenue 0.83x 0.83x 1.4x 1.77x 1.17x 0.66x 0.72x
EV / Revenue 0.61x 0.35x 0.74x 1.22x 0.69x 0.21x 0.72x
EV / EBITDA 4.18x 2.34x 5.06x 8.31x 4.7x 1.67x 4.97x
EV / EBIT 4.56x 2.53x 5.74x 9.35x 5.72x 2.15x 6.77x
EV / FCF 4.53x 2x 6.28x 12x 11.1x 3.84x -
FCF Yield 22.1% 50.1% 15.9% 8.3% 8.98% 26.1% -
Dividend per Share 2 10.67 - 13.33 14 4.667 3.467 3.733
Rate of return 7.92% - 7.52% 5.34% 2.82% 3.76% 4.05%
EPS 2 14.68 18.89 15.13 20.84 12.53 8.76 9.88
Distribution rate 72.7% - 88.1% 67.2% 37.2% 39.6% 37.8%
Net sales 1 56,924 58,701 44,089 51,633 48,783 48,027 44,462
EBITDA 1 8,262 8,901 6,483 7,559 7,139 6,146 6,399
EBIT 1 7,563 8,226 5,722 6,719 5,871 4,783 4,700
Net income 1 5,190 6,727 5,276 7,267 4,343 3,042 3,446
Net Debt 1 -12,465 -28,033 -29,034 -28,574 -23,511 -21,558 -
Reference price 2 134.67 140.00 177.33 262.00 165.33 92.20 92.20
Nbr of stocks (in thousands) 348,771 348,771 348,771 348,771 345,182 345,182 -
Announcement Date 24/2/22 23/2/23 29/2/24 27/2/25 26/2/26 - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.71x0.23x1.76x3.7% 1.02B
32.83x11.62x21.21x0.84% 118B
46.96x7.88x34.02x1.56% 53.06B
27.12x1.26x14.29x-.--% 41.23B
20.81x1.77x8.69x1.45% 34.29B
29.7x2.14x14.23x1.54% 29.98B
29.11x4.44x17.73x-.--% 28.23B
10.51x5.89x16.33x1.42% 26.15B
30.77x4.77x18.99x0.74% 18.08B
23.68x3.01x12.62x-.--% 16.6B
Average 26.22x 4.30x 15.99x 1.12% 36.66B
Weighted average by Cap. 30.40x 6.49x 19.38x 0.9%

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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-40%: Exceptional extension
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