Zen Voce 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	Mar '26 Mar 5, 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	3,489	3,713	2,509	1,311	1,117	1,403
Market Cap Growth	41.32%	47.97%	91.44%	17.35%	-20.36%	26.44%
Enterprise Value	3,331	3,572	2,430	1,222	1,148	1,342
Last Close Price	68.40	72.80	48.52	25.10	20.69	24.78
PE Ratio	84.44	90.41	81.39	46.98	17.41	13.03
PS Ratio	2.22	2.37	1.82	0.90	0.74	1.07
PB Ratio	3.30	3.52	2.47	1.34	1.14	1.50
P/TBV Ratio	4.26	4.53	3.17	1.70	1.40	1.83
P/FCF Ratio	559.01	594.98	79.92	7.96	10.10	12.78
P/OCF Ratio	285.50	303.87	66.72	7.72	5.88	11.10
EV/Sales Ratio	2.12	2.28	1.76	0.84	0.76	1.03
EV/EBITDA Ratio	24.32	26.02	34.06	15.06	6.68	8.43
EV/EBIT Ratio	29.70	31.77	42.24	17.55	7.21	9.02
EV/FCF Ratio	533.73	572.33	77.40	7.42	10.38	12.22
Debt / Equity Ratio	0.36	0.36	0.43	0.52	0.52	0.50
Debt / EBITDA Ratio	2.73	2.73	5.49	5.74	2.77	2.75
Debt / FCF Ratio	60.13	60.13	13.90	3.11	4.59	4.29
Net Debt / Equity Ratio	-0.31	-0.31	-0.29	-0.29	-0.16	-0.19
Net Debt / EBITDA Ratio	-2.40	-2.40	-4.16	-3.45	-0.93	-1.11
Net Debt / FCF Ratio	-52.81	-52.81	-9.44	-1.70	-1.44	-1.60
Asset Turnover	0.78	0.78	0.69	0.72	0.76	0.74
Inventory Turnover	1.92	1.92	1.66	1.79	1.66	1.88
Quick Ratio	1.23	1.23	1.10	1.10	0.98	1.16
Current Ratio	1.84	1.84	1.74	1.72	1.64	1.80
Return on Equity (ROE)	8.43%	8.43%	7.27%	6.16%	9.43%	13.91%
Return on Assets (ROA)	3.48%	3.48%	1.81%	2.16%	5.02%	5.23%
Return on Invested Capital (ROIC)	11.31%	11.14%	5.53%	6.09%	13.12%	14.94%
Return on Capital Employed (ROCE)	10.30%	10.30%	5.40%	6.70%	15.20%	14.80%
Earnings Yield	1.18%	1.11%	1.23%	2.13%	5.74%	7.68%
FCF Yield	0.18%	0.17%	1.25%	12.56%	9.90%	7.83%
Dividend Yield	0.74%	-	1.03%	1.99%	3.87%	4.04%
Payout Ratio	62.10%	62.10%	82.71%	146.23%	79.52%	42.63%
Buyback Yield / Dilution	0.59%	0.59%	-	-	-	-
Total Shareholder Return	1.33%	0.59%	1.03%	1.99%	3.87%	4.04%

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