Taiwan Cogeneration Ratios and Metrics

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 10, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	33,228	30,453	29,394	19,115	22,325	22,796
Market Cap Growth	11.52%	3.60%	53.78%	-14.38%	-2.07%	29.43%
Enterprise Value	38,954	33,961	32,712	24,725	27,452	28,014
PE Ratio	19.12	22.56	23.47	21.08	24.86	21.33
PS Ratio	4.04	3.34	5.56	4.09	3.48	2.45
PB Ratio	2.16	1.98	1.89	1.61	1.86	1.87
P/FCF Ratio	10.35	33.76	-	15.57	18.76	11.62
P/OCF Ratio	9.58	23.98	-	10.68	12.62	9.25
EV/Sales Ratio	4.73	3.72	6.19	5.30	4.29	3.01
EV/EBITDA Ratio	16.35	42.01	84.20	45.75	39.94	46.99
EV/EBIT Ratio	20.13	84.14	1517.62	109.16	66.58	63.90
EV/FCF Ratio	12.13	37.65	-	20.14	23.06	14.28
Debt / Equity Ratio	0.59	0.36	0.37	0.69	0.62	0.48
Debt / EBITDA Ratio	8.26	6.43	12.95	13.72	9.99	9.02
Debt / FCF Ratio	2.81	6.17	-	6.61	6.22	2.96
Net Debt / Equity Ratio	0.37	0.21	0.20	0.37	0.39	0.35
Net Debt / EBITDA Ratio	5.53	4.00	8.06	8.11	6.75	7.05
Net Debt / FCF Ratio	1.78	3.58	-2.82	3.57	3.90	2.14
Quick Ratio	0.84	0.91	1.03	0.97	1.20	1.27
Current Ratio	0.88	0.94	1.04	0.99	1.21	1.29
Asset Turnover	0.29	0.34	0.21	0.19	0.27	0.43
Return on Equity (ROE)	11.48%	8.74%	9.18%	7.70%	7.49%	8.81%
Return on Assets (ROA)	1.41%	0.94%	0.05%	0.58%	1.10%	1.26%
Return on Capital Employed (ROCE)	2.90%	2.20%	0.10%	1.20%	2.20%	2.40%
Earnings Yield	5.25%	4.43%	4.26%	4.74%	4.02%	4.69%
FCF Yield	9.66%	2.96%	-3.77%	6.42%	5.33%	8.61%
Dividend Yield	4.62%	5.29%	5.24%	3.24%	5.66%	6.33%
Payout Ratio	87.97%	104.43%	49.39%	113.68%	124.65%	93.71%
Buyback Yield / Dilution	-0.02%	-6.26%	-9.04%	-0.97%	0.01%	0.05%
Total Shareholder Return	4.59%	-0.97%	-3.80%	2.27%	5.67%	6.38%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.