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 23, 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	33,155	29,832	30,453	29,394	19,115	22,325
Market Cap Growth	6.07%	-2.04%	3.60%	53.78%	-14.38%	-2.07%
Enterprise Value	39,523	35,559	33,961	32,712	24,725	27,452
PE Ratio	18.61	16.69	22.56	23.47	21.08	24.86
PS Ratio	4.36	3.92	3.34	5.56	4.09	3.48
PB Ratio	2.10	1.89	1.98	1.89	1.61	1.86
P/FCF Ratio	14.77	13.29	33.76	-	15.57	18.76
P/OCF Ratio	11.00	9.90	23.98	-	10.68	12.62
EV/Sales Ratio	5.19	4.67	3.72	6.19	5.30	4.29
EV/EBITDA Ratio	16.56	37.26	42.01	84.20	45.75	39.94
EV/EBIT Ratio	20.41	63.16	84.14	1517.62	109.16	66.58
EV/FCF Ratio	17.61	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	6.43	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	4.00	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	5.39%	5.99%	4.43%	4.26%	4.74%	4.02%
FCF Yield	6.77%	7.52%	2.96%	-3.77%	6.42%	5.33%
Dividend Yield	5.27%	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	5.23%	6.03%	-0.81%	-3.64%	2.37%	5.84%

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