Taiwan High Speed Rail Ratios and Metrics

Market cap in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	157,592	156,467	172,789	161,813	166,597	178,417	Upgrade
Market Cap Growth	-0.88%	-9.45%	6.78%	-2.87%	-6.63%	-17.45%	Upgrade
Enterprise Value	371,813	376,647	400,957	407,339	411,456	427,717	Upgrade
Last Close Price	28.00	26.78	28.58	26.19	26.24	27.12	Upgrade
PE Ratio	24.78	24.25	22.08	42.93	46.14	30.54	Upgrade
PS Ratio	2.94	2.94	3.47	4.36	5.51	4.56	Upgrade
PB Ratio	2.21	2.17	2.42	2.40	2.46	2.55	Upgrade
P/FCF Ratio	7.48	9.41	6.24	16.55	6.21	-	Upgrade
P/OCF Ratio	7.46	9.37	6.23	16.47	6.20	-	Upgrade
EV/Sales Ratio	6.94	7.08	8.05	10.97	13.61	10.93	Upgrade
EV/EBITDA Ratio	10.61	10.54	11.80	17.45	23.69	16.59	Upgrade
EV/EBIT Ratio	17.57	17.52	19.53	41.06	124.01	36.23	Upgrade
EV/FCF Ratio	17.66	22.65	14.48	41.65	15.33	-	Upgrade
Debt / Equity Ratio	3.22	3.24	3.50	3.98	4.21	3.95	Upgrade
Debt / EBITDA Ratio	6.55	6.51	7.31	11.37	16.29	10.67	Upgrade
Debt / FCF Ratio	10.89	14.05	9.02	27.35	10.64	-	Upgrade
Asset Turnover	0.14	0.14	0.12	0.09	0.07	0.09	Upgrade
Inventory Turnover	10.41	11.05	10.88	10.85	11.64	12.65	Upgrade
Quick Ratio	0.70	0.66	0.73	0.94	1.51	4.79	Upgrade
Current Ratio	0.91	0.83	0.84	1.11	1.66	5.47	Upgrade
Return on Equity (ROE)	8.97%	9.00%	11.29%	5.58%	5.24%	8.28%	Upgrade
Return on Assets (ROA)	3.48%	3.42%	3.19%	1.50%	0.48%	1.70%	Upgrade
Return on Capital (ROIC)	4.33%	4.29%	3.91%	1.80%	0.59%	2.10%	Upgrade
Return on Capital Employed (ROCE)	6.00%	6.10%	5.80%	2.70%	0.80%	2.80%	Upgrade
Earnings Yield	4.04%	4.12%	4.53%	2.33%	2.17%	3.28%	Upgrade
FCF Yield	13.36%	10.63%	16.03%	6.04%	16.11%	-0.88%	Upgrade
Dividend Yield	3.75%	3.92%	3.57%	2.56%	2.89%	3.87%	Upgrade
Payout Ratio	92.88%	88.99%	48.20%	113.18%	163.66%	116.56%	Upgrade
Total Shareholder Return	3.75%	3.92%	3.57%	2.56%	2.89%	3.87%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.