Test Research, Inc. (TPE: 3030)

Test Research Ratios and Metrics

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

Fiscal Year	Current	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jan 13, 2025	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Market Capitalization	27,992	14,811	15,047	13,819	13,653	12,567
Market Cap Growth	132.73%	-1.57%	8.89%	1.21%	8.65%	16.67%
Enterprise Value	27,048	13,969	14,205	12,555	12,496	11,463
Last Close Price	118.50	61.56	58.14	50.76	47.35	41.15
PE Ratio	17.66	14.79	7.83	11.66	12.50	13.39
Forward PE	-	7.69	7.69	7.69	7.69	7.69
PS Ratio	4.54	3.34	2.24	2.46	2.76	2.86
PB Ratio	3.61	2.06	2.07	2.27	2.39	2.33
P/TBV Ratio	4.32	2.07	2.08	2.28	2.40	2.34
P/FCF Ratio	31.24	14.50	18.82	30.51	12.59	9.53
P/OCF Ratio	27.95	7.89	10.26	23.37	12.19	9.25
EV/Sales Ratio	4.38	3.15	2.12	2.24	2.52	2.61
EV/EBITDA Ratio	12.69	10.59	6.28	7.52	8.12	8.83
EV/EBIT Ratio	13.82	11.56	6.60	8.06	8.69	9.58
EV/FCF Ratio	30.19	13.67	17.76	27.72	11.52	8.70
Debt / Equity Ratio	0.00	0.01	0.01	0.01	0.01	0.01
Debt / EBITDA Ratio	0.02	0.04	0.02	0.03	0.03	0.05
Debt / FCF Ratio	0.04	0.05	0.06	0.13	0.04	0.05
Asset Turnover	0.68	0.49	0.78	0.75	0.73	0.67
Inventory Turnover	1.85	1.32	1.78	1.91	2.67	2.30
Quick Ratio	2.34	2.55	2.81	2.40	3.72	3.68
Current Ratio	3.15	3.44	3.75	3.52	4.67	4.50
Return on Equity (ROE)	21.62%	13.86%	28.76%	20.09%	19.71%	17.50%
Return on Assets (ROA)	13.59%	8.35%	15.67%	12.98%	13.24%	11.47%
Return on Capital (ROIC)	16.61%	10.38%	19.99%	16.37%	16.06%	13.86%
Earnings Yield	5.66%	6.76%	12.77%	8.58%	8.00%	7.47%
FCF Yield	3.20%	6.90%	5.31%	3.28%	7.94%	10.49%
Dividend Yield	2.69%	5.36%	7.74%	6.50%	6.97%	8.02%
Payout Ratio	49.09%	106.16%	40.57%	65.78%	71.34%	93.11%
Buyback Yield / Dilution	0.07%	0.10%	-0.08%	-0.01%	0.05%	0.33%
Total Shareholder Return	2.76%	5.46%	7.66%	6.49%	7.02%	8.35%

Source: S&P Capital IQ. Standard template. Financial Sources.