| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2440 | 5488 | 6133 | 6134 | 6409 | | 3550 | |
| TWSE:2440 | TPEX:5488 | TWSE:6133 | TPEX:6134 | TWSE:6409 | | TWSE:3550 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 7.6% | -7.4% | -1.4% | 1.6% | 12.0% | | -2.3% | |
| 3Y CAGR | -1.8% | -10.6% | 2.1% | -2.3% | 10.4% | | 0.4% | |
| Latest Twelve Months | 34.7% | -6.9% | 5.4% | 39.1% | 20.4% | | -12.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 1.3% | -1.7% | -0.5% | -4.5% | 20.8% | | -0.9% | |
| Prior Fiscal Year | -2.7% | -3.0% | 5.9% | -6.4% | 21.8% | | -1.3% | |
| Latest Fiscal Year | -0.8% | -2.9% | 0.9% | -1.5% | 22.4% | | -9.9% | |
| Latest Twelve Months | -0.8% | -2.9% | 4.7% | -1.5% | 22.4% | | -10.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.62x | 0.64x | 1.61x | 1.12x | 5.73x | | 0.72x | |
| EV / LTM EBIT | -82.1x | -22.0x | 34.5x | -75.6x | 25.6x | | -6.8x | |
| Price / LTM Sales | 0.48x | 1.15x | 1.75x | 1.26x | 5.98x | | 0.39x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.62x | 1.12x | 5.73x | | | | | |
| Historical EV / LTM Revenue | 0.37x | 0.40x | 0.56x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.59x | 0.62x | 0.65x | | | | | |
| (x) LTM Revenue | 3,327 | 3,327 | 3,327 | | | | | |
| (=) Implied Enterprise Value | 1,967 | 2,070 | 2,174 | | | | | |
| (-) Non-shareholder Claims * | (1,108) | (1,108) | (1,108) | | | | | |
| (=) Equity Value | 859 | 963 | 1,066 | | | | | |
| (/) Shares Outstanding | 87.6 | 87.6 | 87.6 | | | | | |
| Implied Value Range | 9.81 | 11.00 | 12.18 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 9.81 | 11.00 | 12.18 | | 14.90 | | | |
| Upside / (Downside) | -34.1% | -26.2% | -18.3% | | | | | |