| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2049 | 2467 | 8996 | 6235 | 6977 | | 6723 | |
| TWSE:2049 | TWSE:2467 | TWSE:8996 | TWSE:6235 | TPEX:6977 | | TPEX:6723 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 3.8% | 1.7% | 14.0% | 21.7% | NM- | | 12.5% | |
| 3Y CAGR | -3.6% | -5.6% | 21.5% | 27.3% | -6.2% | | 9.0% | |
| Latest Twelve Months | -1.0% | 32.9% | -7.4% | 1.0% | -19.9% | | -19.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.0% | 12.0% | 12.1% | 5.7% | 7.4% | | 4.6% | |
| Prior Fiscal Year | 10.8% | 11.1% | 16.4% | 15.8% | 6.1% | | 5.0% | |
| Latest Fiscal Year | 8.4% | 13.2% | 16.2% | 10.8% | 0.1% | | 8.8% | |
| Latest Twelve Months | 8.4% | 13.2% | 16.2% | 10.8% | 0.1% | | 2.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.67x | 3.14x | 4.44x | 1.73x | 1.42x | | 0.93x | |
| EV / LTM EBIT | 31.7x | 23.8x | 27.5x | 16.0x | 2237.3x | | 46.4x | |
| Price / LTM Sales | 2.61x | 3.84x | 4.49x | 1.53x | 1.54x | | 0.95x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.42x | 2.67x | 4.44x | | | | | |
| Historical EV / LTM Revenue | 0.69x | 0.77x | 1.21x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.11x | 1.16x | 1.22x | | | | | |
| (x) LTM Revenue | 698 | 698 | 698 | | | | | |
| (=) Implied Enterprise Value | 773 | 813 | 854 | | | | | |
| (-) Non-shareholder Claims * | 17 | 17 | 17 | | | | | |
| (=) Equity Value | 789 | 830 | 871 | | | | | |
| (/) Shares Outstanding | 22.6 | 22.6 | 22.6 | | | | | |
| Implied Value Range | 35.01 | 36.81 | 38.62 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 35.01 | 36.81 | 38.62 | | 29.10 | | | |
| Upside / (Downside) | 20.3% | 26.5% | 32.7% | | | | | |