| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2449 | 6239 | 3711 | 3006 | 4968 | | 3265 | |
| TWSE:2449 | TWSE:6239 | TWSE:3711 | TWSE:3006 | TWSE:4968 | | TPEX:3265 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.0% | 2.0% | 7.6% | 2.4% | 6.0% | | 7.2% | |
| 3Y CAGR | -7.3% | -4.4% | 1.5% | -17.3% | -11.5% | | 10.5% | |
| Latest Twelve Months | 11.9% | 4.1% | 2.3% | 13.5% | 23.3% | | 13.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 20.8% | 14.2% | 8.8% | 4.6% | 4.4% | | 20.4% | |
| Prior Fiscal Year | 21.9% | 11.6% | 6.9% | -13.8% | -10.0% | | 23.2% | |
| Latest Fiscal Year | 23.0% | 12.8% | 6.6% | -2.9% | 2.1% | | 19.3% | |
| Latest Twelve Months | 23.0% | 12.8% | 6.6% | -2.9% | 2.1% | | 19.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.97x | 1.31x | 1.16x | 0.97x | 3.13x | | 2.34x | |
| EV / LTM EBIT | 17.3x | 10.2x | 17.6x | -33.1x | 146.2x | | 12.1x | |
| Price / LTM Sales | 3.73x | 1.16x | 0.97x | 1.05x | 3.36x | | 2.84x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.97x | 1.31x | 3.97x | | | | | |
| Historical EV / LTM Revenue | 0.46x | 1.08x | 2.78x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.56x | 1.64x | 1.72x | | | | | |
| (x) LTM Revenue | 4,167 | 4,167 | 4,167 | | | | | |
| (=) Implied Enterprise Value | 6,501 | 6,843 | 7,185 | | | | | |
| (-) Non-shareholder Claims * | 2,093 | 2,093 | 2,093 | | | | | |
| (=) Equity Value | 8,593 | 8,936 | 9,278 | | | | | |
| (/) Shares Outstanding | 136.3 | 136.3 | 136.3 | | | | | |
| Implied Value Range | 63.07 | 65.58 | 68.09 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 63.07 | 65.58 | 68.09 | | 89.00 | | | |
| Upside / (Downside) | -29.1% | -26.3% | -23.5% | | | | | |