Kaori Heat Treatment 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	79,657	53,214	28,949	19,933	16,804	5,756
Market Cap Growth	192.25%	83.82%	45.24%	18.62%	191.92%	17.09%
Enterprise Value	79,364	52,907	29,110	21,273	17,655	6,409
Last Close Price	866.00	576.88	310.55	215.87	180.87	60.32
PE Ratio	96.93	64.15	48.82	34.57	55.82	38.59
Forward PE	40.43	22.26	22.26	22.26	22.26	22.26
PS Ratio	12.10	8.09	7.23	4.61	5.91	2.58
PB Ratio	19.07	12.74	8.42	7.37	8.16	3.05
P/TBV Ratio	19.16	12.80	8.45	7.38	8.16	3.05
P/FCF Ratio	279.65	186.82	34.02	60.37	-	29.40
P/OCF Ratio	133.23	89.00	27.80	29.35	-	19.42
EV/Sales Ratio	12.06	8.04	7.27	4.92	6.21	2.87
EV/EBITDA Ratio	65.14	43.43	36.33	25.40	38.62	18.86
EV/EBIT Ratio	77.52	51.68	45.02	29.90	51.01	27.82
EV/FCF Ratio	278.62	185.74	34.21	64.43	-	32.74
Debt / Equity Ratio	0.35	0.35	0.50	0.50	0.70	0.58
Debt / EBITDA Ratio	1.20	1.20	2.12	1.61	3.12	3.20
Debt / FCF Ratio	5.14	5.14	2.00	4.10	-	5.61
Net Debt / Equity Ratio	-0.07	-0.07	-0.06	0.27	0.54	0.27
Net Debt / EBITDA Ratio	-0.23	-0.23	-0.27	0.88	2.43	1.50
Net Debt / FCF Ratio	-0.99	-0.99	-0.25	2.24	-2.34	2.61
Asset Turnover	0.93	0.93	0.73	0.96	0.75	0.65
Inventory Turnover	3.29	3.29	2.46	2.57	2.35	2.79
Quick Ratio	1.00	1.00	1.46	1.42	0.61	0.85
Current Ratio	1.56	1.56	2.05	2.71	1.53	1.42
Return on Equity (ROE)	21.79%	21.79%	19.31%	24.21%	15.27%	7.84%
Return on Assets (ROA)	8.99%	8.99%	7.39%	9.90%	5.72%	4.18%
Return on Invested Capital (ROIC)	21.95%	22.70%	15.34%	16.99%	9.60%	7.27%
Return on Capital Employed (ROCE)	22.50%	22.50%	15.30%	18.60%	12.90%	10.00%
Earnings Yield	1.04%	1.56%	2.05%	2.89%	1.79%	2.59%
FCF Yield	0.36%	0.53%	2.94%	1.66%	-2.83%	3.40%
Dividend Yield	0.53%	-	1.29%	1.84%	0.83%	2.49%
Payout Ratio	44.10%	44.10%	60.29%	23.26%	44.54%	101.88%
Buyback Yield / Dilution	0.80%	0.80%	-4.68%	-0.02%	0.02%	0.02%
Total Shareholder Return	1.31%	0.80%	-3.39%	1.82%	0.85%	2.50%

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