| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 4441 | 4440 | 1325 | 6504 | 4433 | | 1342 | |
| TPEX:4441 | TWSE:4440 | TWSE:1325 | TWSE:6504 | TPEX:4433 | | TWSE:1342 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 0.6% | -5.0% | -16.3% | 0.5% | 15.3% | | 11.7% | |
| 3Y CAGR | 4.8% | -14.9% | -35.6% | -0.3% | 3.8% | | 6.7% | |
| Latest Twelve Months | 11.1% | 13.0% | -21.8% | 8.7% | 7.9% | | -2.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.3% | 12.4% | 15.3% | 7.4% | 2.7% | | 19.1% | |
| Prior Fiscal Year | 15.5% | 3.2% | -11.9% | 3.0% | 1.3% | | 24.0% | |
| Latest Fiscal Year | 16.1% | 6.7% | -25.2% | 2.4% | 1.0% | | 20.9% | |
| Latest Twelve Months | 16.1% | 6.7% | -25.2% | 2.4% | 1.0% | | 20.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.54x | 1.93x | 2.42x | 1.26x | 1.50x | | 3.06x | |
| EV / LTM EBIT | 15.8x | 28.6x | -9.6x | 51.5x | 142.6x | | 14.6x | |
| Price / LTM Sales | 3.00x | 1.53x | 7.39x | 0.66x | 0.54x | | 3.03x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.26x | 1.93x | 2.54x | | | | | |
| Historical EV / LTM Revenue | 2.56x | 3.06x | 3.63x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.11x | 3.28x | 3.44x | | | | | |
| (x) LTM Revenue | 2,511 | 2,511 | 2,511 | | | | | |
| (=) Implied Enterprise Value | 7,817 | 8,229 | 8,640 | | | | | |
| (-) Non-shareholder Claims * | (66) | (66) | (66) | | | | | |
| (=) Equity Value | 7,751 | 8,163 | 8,574 | | | | | |
| (/) Shares Outstanding | 78.5 | 78.5 | 78.5 | | | | | |
| Implied Value Range | 98.77 | 104.01 | 109.25 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 98.77 | 104.01 | 109.25 | | 97.00 | | | |
| Upside / (Downside) | 1.8% | 7.2% | 12.6% | | | | | |