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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 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	31,731	29,832	30,453	29,394	19,115	22,325
Market Cap Growth	4.57%	-2.04%	3.60%	53.78%	-14.38%	-2.07%
Enterprise Value	38,099	35,559	33,961	32,712	24,725	27,452
PE Ratio	17.81	16.69	22.56	23.47	21.08	24.86
PS Ratio	4.17	3.92	3.34	5.56	4.09	3.48
PB Ratio	2.01	1.89	1.98	1.89	1.61	1.86
P/FCF Ratio	14.14	13.29	33.76	-	15.57	18.76
P/OCF Ratio	10.53	9.90	23.98	-	10.68	12.62
EV/Sales Ratio	5.01	4.67	3.72	6.19	5.30	4.29
EV/EBITDA Ratio	15.97	37.26	39.21	84.20	45.75	39.94
EV/EBIT Ratio	19.67	63.16	84.14	1517.62	109.16	66.58
EV/FCF Ratio	16.97	15.84	37.65	-	20.14	23.06
Debt / Equity Ratio	0.57	0.57	0.36	0.37	0.69	0.62
Debt / EBITDA Ratio	8.84	8.84	6.42	12.95	13.72	9.99
Debt / FCF Ratio	3.99	3.99	6.17	-	6.61	6.22
Net Debt / Equity Ratio	0.40	0.40	0.21	0.20	0.37	0.39
Net Debt / EBITDA Ratio	6.67	6.67	3.73	8.06	8.11	6.75
Net Debt / FCF Ratio	2.84	2.84	3.58	-2.82	3.57	3.90
Quick Ratio	1.16	1.16	0.91	1.03	0.97	1.20
Current Ratio	1.17	1.17	0.94	1.04	0.99	1.21
Asset Turnover	0.26	0.26	0.34	0.21	0.19	0.27
Return on Equity (ROE)	11.48%	11.48%	8.74%	9.18%	7.70%	7.49%
Return on Assets (ROA)	1.21%	1.21%	0.94%	0.05%	0.58%	1.10%
Return on Capital Employed (ROCE)	2.30%	2.30%	2.20%	0.10%	1.20%	2.20%
Earnings Yield	5.63%	5.99%	4.43%	4.26%	4.74%	4.02%
FCF Yield	7.07%	7.52%	2.96%	-3.77%	6.42%	5.33%
Dividend Yield	5.55%	6.08%	5.45%	5.40%	3.34%	5.83%
Payout Ratio	85.78%	85.78%	104.43%	49.39%	113.68%	124.65%
Buyback Yield / Dilution	-0.05%	-0.05%	-6.26%	-9.04%	-0.97%	0.01%
Total Shareholder Return	5.50%	6.03%	-0.81%	-3.64%	2.37%	5.84%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.