| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2049 | 4542 | 6977 | 6753 | 5292 | | 6723 | |
| TWSE:2049 | TPEX:4542 | TPEX:6977 | TWSE:6753 | TWSE:5292 | | TPEX:6723 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 3.8% | -5.5% | NM- | 36.2% | 16.2% | | 12.5% | |
| 3Y CAGR | -3.6% | -7.5% | 12.1% | 31.6% | 15.1% | | 9.0% | |
| Latest Twelve Months | -1.0% | -35.0% | -35.5% | 2.6% | 7.5% | | -19.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.0% | 4.2% | 9.1% | 14.4% | 13.6% | | 4.6% | |
| Prior Fiscal Year | 10.8% | 8.6% | 12.7% | 16.1% | 17.1% | | 5.0% | |
| Latest Fiscal Year | 8.4% | 2.8% | 6.1% | 19.6% | 18.2% | | 8.8% | |
| Latest Twelve Months | 8.4% | 2.8% | -1.7% | 19.6% | 18.2% | | 2.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.56x | 4.45x | 1.41x | 2.43x | 1.66x | | 0.89x | |
| EV / LTM EBIT | 42.2x | 159.1x | -82.0x | 12.4x | 9.1x | | 44.2x | |
| Price / LTM Sales | 3.50x | 4.60x | 1.57x | 2.51x | 2.45x | | 0.90x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.41x | 2.43x | 4.45x | | | | | |
| Historical EV / LTM Revenue | 0.69x | 0.77x | 1.21x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.13x | 1.19x | 1.25x | | | | | |
| (x) LTM Revenue | 698 | 698 | 698 | | | | | |
| (=) Implied Enterprise Value | 788 | 829 | 871 | | | | | |
| (-) Non-shareholder Claims * | 17 | 17 | 17 | | | | | |
| (=) Equity Value | 804 | 846 | 887 | | | | | |
| (/) Shares Outstanding | 22.6 | 22.6 | 22.6 | | | | | |
| Implied Value Range | 35.68 | 37.51 | 39.35 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 35.68 | 37.51 | 39.35 | | 30.45 | | | |
| Upside / (Downside) | 17.2% | 23.2% | 29.2% | | | | | |