Taiwan High Speed Rail Ratios and Metrics

Market cap in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	145,773	157,592	156,467	172,789	161,813	166,597
Market Cap Growth	-7.66%	0.72%	-9.45%	6.78%	-2.87%	-6.63%
Enterprise Value	355,072	371,813	376,647	400,957	407,339	411,456
Last Close Price	25.90	28.00	26.78	28.58	26.19	26.24
PE Ratio	22.15	23.95	24.25	22.08	42.93	46.14
PS Ratio	2.67	2.88	2.94	3.47	4.36	5.51
PB Ratio	2.00	2.17	2.17	2.42	2.40	2.46
P/FCF Ratio	7.07	7.64	9.41	6.24	16.55	6.21
P/OCF Ratio	7.05	7.62	9.37	6.23	16.47	6.20
EV/Sales Ratio	6.50	6.80	7.08	8.05	10.97	13.61
EV/EBITDA Ratio	10.08	10.61	10.54	11.80	17.45	23.69
EV/EBIT Ratio	16.51	17.29	17.52	19.53	41.06	124.01
EV/FCF Ratio	17.22	18.04	22.65	14.48	41.65	15.33
Debt / Equity Ratio	3.15	3.15	3.24	3.50	3.98	4.21
Debt / EBITDA Ratio	6.51	6.51	6.51	7.31	11.37	16.29
Debt / FCF Ratio	11.13	11.13	14.05	9.02	27.35	10.64
Net Debt / Equity Ratio	2.88	2.88	2.96	3.02	3.58	3.56
Net Debt / EBITDA Ratio	5.97	5.97	5.97	6.33	10.32	13.88
Net Debt / FCF Ratio	10.15	10.15	12.83	7.77	24.64	8.98
Asset Turnover	0.14	0.14	0.14	0.12	0.09	0.07
Inventory Turnover	11.24	11.24	11.02	10.88	10.85	11.64
Quick Ratio	0.77	0.77	0.66	0.73	0.94	1.51
Current Ratio	0.97	0.97	0.83	0.84	1.11	1.66
Return on Equity (ROE)	9.09%	9.09%	9.00%	11.29%	5.58%	5.24%
Return on Assets (ROA)	3.52%	3.52%	3.42%	3.19%	1.50%	0.48%
Return on Invested Capital (ROIC)	6.14%	6.14%	6.03%	5.55%	2.84%	0.90%
Return on Capital Employed (ROCE)	6.10%	6.10%	6.10%	5.80%	2.70%	0.80%
Earnings Yield	4.51%	4.17%	4.12%	4.53%	2.33%	2.17%
FCF Yield	14.14%	13.08%	10.63%	16.03%	6.04%	16.11%
Dividend Yield	4.05%	-	3.92%	3.57%	2.56%	2.89%
Payout Ratio	89.81%	89.81%	88.99%	48.20%	113.18%	163.66%
Total Shareholder Return	4.04%	-	3.92%	3.57%	2.56%	2.89%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.