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 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	103,481	53,214	28,949	19,933	16,804	5,756
Market Cap Growth	340.22%	83.82%	45.24%	18.62%	191.92%	17.09%
Enterprise Value	103,187	52,907	29,110	21,273	17,655	6,409
Last Close Price	1125.00	576.88	310.55	215.87	180.87	60.32
PE Ratio	125.92	64.15	48.82	34.57	55.82	38.59
Forward PE	49.79	22.26	22.26	22.26	22.26	22.26
PS Ratio	15.73	8.09	7.23	4.61	5.91	2.58
PB Ratio	24.77	12.74	8.42	7.37	8.16	3.05
P/TBV Ratio	24.89	12.80	8.45	7.38	8.16	3.05
P/FCF Ratio	363.29	186.82	34.02	60.37	-	29.40
P/OCF Ratio	173.08	89.00	27.80	29.35	-	19.42
EV/Sales Ratio	15.68	8.04	7.27	4.92	6.21	2.87
EV/EBITDA Ratio	84.70	43.97	36.33	25.40	38.62	18.86
EV/EBIT Ratio	100.79	51.68	45.02	29.90	51.01	27.82
EV/FCF Ratio	362.26	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	1.19	1.19	2.12	1.61	3.12	3.20
Debt / FCF Ratio	5.09	5.09	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	-0.25	-0.25	-0.27	0.88	2.43	1.50
Net Debt / FCF Ratio	-1.04	-1.04	-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)	21.99%	22.74%	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	0.80%	1.56%	2.05%	2.89%	1.79%	2.59%
FCF Yield	0.28%	0.53%	2.94%	1.66%	-2.83%	3.40%
Dividend Yield	0.41%	0.80%	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	0.34%	0.34%	-4.68%	-0.02%	0.02%	0.02%
Total Shareholder Return	0.72%	1.13%	-3.39%	1.82%	0.85%	2.50%

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