| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 8472 | 3085 | 2430 | 2450 | 2616 | | 2911 | |
| TPEX:8472 | TPEX:3085 | TWSE:2430 | TWSE:2450 | TWSE:2616 | | TWSE:2911 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -5.4% | -32.0% | 0.1% | 2.3% | -2.9% | | -11.1% | |
| 3Y CAGR | 3.4% | -16.6% | -5.8% | 1.3% | 1.0% | | -8.9% | |
| Latest Twelve Months | -13.2% | -29.4% | -5.0% | 3.3% | -21.6% | | -8.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -9.3% | -78.8% | 2.5% | 1.3% | 0.9% | | -14.4% | |
| Prior Fiscal Year | -23.2% | -71.1% | 1.8% | 1.4% | 0.6% | | -18.3% | |
| Latest Fiscal Year | -23.1% | -103.7% | 1.5% | 1.2% | -0.2% | | -15.6% | |
| Latest Twelve Months | -23.1% | -103.7% | 1.5% | 1.2% | -2.5% | | -15.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.89x | 17.78x | 0.38x | 0.17x | 0.22x | | 0.85x | |
| EV / LTM EBIT | -8.2x | -17.1x | 25.6x | 13.6x | -8.8x | | -5.5x | |
| Price / LTM Sales | 1.41x | 25.16x | 0.18x | 0.27x | 0.17x | | 0.21x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.17x | 0.38x | 17.78x | | | | | |
| Historical EV / LTM Revenue | 0.64x | 0.85x | 0.94x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.83x | 0.87x | 0.92x | | | | | |
| (x) LTM Revenue | 2,806 | 2,806 | 2,806 | | | | | |
| (=) Implied Enterprise Value | 2,332 | 2,455 | 2,578 | | | | | |
| (-) Non-shareholder Claims * | (1,793) | (1,793) | (1,793) | | | | | |
| (=) Equity Value | 539 | 662 | 784 | | | | | |
| (/) Shares Outstanding | 105.1 | 105.1 | 105.1 | | | | | |
| Implied Value Range | 5.13 | 6.29 | 7.46 | | | | | |
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.13 | 6.29 | 7.46 | | 5.11 | | | |
| Upside / (Downside) | 0.3% | 23.2% | 46.0% | | | | | |