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Winbond Electronics Corp
TWSE:2344

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Winbond Electronics Corp
TWSE:2344
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Price: 87.8 TWD -2.01% Market Closed
Market Cap: NT$395.1B

EV/EBITDA

21.8
Current
117%
More Expensive
vs 3-y average of 10

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
21.8
=
Enterprise Value
NT$505.9B
/
EBITDA
NT$18.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
21.8
=
Enterprise Value
NT$505.9B
/
EBITDA
NT$18.2B

Valuation Scenarios

Winbond Electronics Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (10), the stock would be worth NT$40.38 (54% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-65%
Maximum Upside
No Upside Scenarios
Average Downside
40%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 21.8 NT$87.8
0%
3-Year Average 10 NT$40.38
-54%
5-Year Average 7.6 NT$30.53
-65%
Industry Average 20.1 NT$80.79
-8%
Country Average 14.6 NT$58.65
-33%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
NT$505.9B
/
Jan 2026
NT$18.2B
=
21.8
Current
NT$505.9B
/
Dec 2026
NT$102.5B
=
4.9
Forward
NT$505.9B
/
Dec 2027
NT$134.4B
=
3.8
Forward
NT$505.9B
/
Dec 2028
NT$118.6B
=
4.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TW
Winbond Electronics Corp
TWSE:2344
395.1B TWD 21.8 99.7
US
NVIDIA Corp
NASDAQ:NVDA
4.9T USD 36.3 40.9
US
Broadcom Inc
NASDAQ:AVGO
1.9T USD 52.3 75.8
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
52.6T TWD 17.9 28.4
US
Micron Technology Inc
NASDAQ:MU
505.8B USD 13.6 21
KR
SK Hynix Inc
KRX:000660
701.7T KRW 13.8 19.7
US
Advanced Micro Devices Inc
NASDAQ:AMD
448.2B USD 65.7 103.4
US
Intel Corp
NASDAQ:INTC
328.1B USD 28.8 -1 228.9
US
Texas Instruments Inc
NASDAQ:TXN
212B USD 27.2 42.6
US
Analog Devices Inc
NASDAQ:ADI
186B USD 34.7 68.7
UK
Arm Holdings PLC
NASDAQ:ARM
186B USD 165.5 232.2

Market Distribution

In line with most companies in Taiwan
Percentile
68th
Based on 771 companies
68th percentile
21.8
Low
0.8 — 10.5
Typical Range
10.5 — 22.8
High
22.8 —
Distribution Statistics
Taiwan
Min 0.8
30th Percentile 10.5
Median 14.6
70th Percentile 22.8
Max 2 788.3

Winbond Electronics Corp
Glance View

Market Cap
395.1B TWD
Industry
Semiconductors

Founded in the vibrant tech landscape of Taiwan, Winbond Electronics Corp. has carved out a notable niche as a prominent player in the semiconductor industry. Born in 1987, the company has grown into a powerhouse known for its commitment to producing high-quality memory solutions. Specializing in DRAM (Dynamic Random Access Memory) and NOR Flash memory, Winbond creates essential components that are fundamental to a plethora of digital devices. Their products power everything from industrial tools and consumer electronics to cutting-edge automotive systems, making the company a crucial cog in the wheel of global digital innovation. By nurturing a robust research and development program, Winbond continuously refines its technology to enhance performance and energy efficiency, ensuring that it remains on the cutting edge of the memory market. Winbond’s business model admirably balances manufacturing prowess with strategic market positioning. Its revenue streams are fueled by a broad portfolio of semiconductor memory products, catering to a diverse clientele across various sectors. By maintaining control over its own manufacturing facilities, Winbond ensures a high level of quality control and production efficiency, which are critical in managing the cyclical nature of the semiconductor industry. Furthermore, Winbond's commitment to customer-centric solutions strengthens its competitive edge, as the company adeptly responds to evolving market demands. This strategic approach not only sustains its profitability but also reinforces its reputation as a reliable supplier in the global memory market, underscoring Winbond's role as an integral part of the digital ecosystem.

Intrinsic Value
207.91 TWD
Undervaluation 58%
Intrinsic Value
Price NT$87.8
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