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Innolux Corp
TWSE:3481

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Innolux Corp
TWSE:3481
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Price: 24.1 TWD -5.86% Market Closed
Market Cap: NT$192.5B

EV/OCF

8.1
Current
52%
More Expensive
vs 3-y average of 5.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
8.1
=
Enterprise Value
NT$178.7B
/
Operating Cash Flow
NT$20.2B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
8.1
=
Enterprise Value
NT$178.7B
/
Operating Cash Flow
NT$20.2B

Valuation Scenarios

Innolux Corp is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (5.4), the stock would be worth NT$15.84 (34% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-53%
Maximum Upside
+107%
Average Upside
24%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 8.1 NT$24.1
0%
3-Year Average 5.4 NT$15.84
-34%
5-Year Average 3.8 NT$11.29
-53%
Industry Average 16.9 NT$49.93
+107%
Country Average 14.3 NT$42.21
+75%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
TW
Innolux Corp
TWSE:3481
192.4B TWD 8.1 770.5
US
II-VI Inc
LSE:0LHO
522.4B USD 1 321.5 2 717.6
JP
Canon Electronics Inc
TSE:7739
40.9T JPY 11.9 22.9
US
Amphenol Corp
NYSE:APH
183.6B USD 34.9 43
TW
Delta Electronics Inc
TWSE:2308
5.1T TWD 52.9 83.5
US
Corning Inc
NYSE:GLW
142.1B USD 55.1 89
TH
Delta Electronics Thailand PCL
SET:DELTA
3.6T THB 128.2 145.8
CN
Eoptolink Technology Inc Ltd
SZSE:300502
604.6B CNY 119.5 81.2
CN
Luxshare Precision Industry Co Ltd
SZSE:002475
493.8B CNY 28.2 29.7
US
Coherent Corp
NYSE:COHR
63B USD 172.6 330.6
JP
Murata Manufacturing Co Ltd
TSE:6981
9T JPY 20.5 47.3

Market Distribution

Lower than 82% of companies in Taiwan
Percentile
18th
Based on 705 companies
18th percentile
8.1
Low
0.4 — 10.4
Typical Range
10.4 — 23.6
High
23.6 —
Distribution Statistics
Taiwan
Min 0.4
30th Percentile 10.4
Median 14.3
70th Percentile 23.6
Max 8 048.6

Innolux Corp
Glance View

Market Cap
192.5B TWD
Industry
Electrical Equipment

Nestled within the vibrant world of display technology, Innolux Corporation stands as a formidable player in the global market. Founded in 2003 and based in Taiwan, Innolux has meticulously carved a niche for itself in the competitive landscape of flat-panel displays. The company is renowned for its expertise in the production of TFT-LCD panels, which are vital components in a plethora of electronic devices ranging from televisions and monitors to smartphones and automotive displays. Innolux’s origin story is one of strategic prowess, marked by its merger with fellow industry titan, Chi Mei Optoelectronics. This union added substantial breadth and depth to Innolux's technological capabilities and production capacity, firmly anchoring its status as a leading force in display panel manufacturing. The financial backbone of Innolux lies in its vertically integrated operations that span the entire spectrum of display manufacturing—from raw material processing and assembly to sophisticated research and development. By maintaining control over these integrated processes, Innolux not only ensures cost efficiencies but also delivers high-quality products tailored to the fast-evolving demands of the consumer electronics market. Revenue flows primarily from long-term contracts with some of the most prominent global brands, who depend on Innolux's cutting-edge technology and reliable supply chains. As the world embraces the next generations of display innovations, such as OLED and other emerging technologies, Innolux continues to be a pivotal figure, navigating these advancements with its seasoned expertise and commitment to innovation.

Intrinsic Value
16.49 TWD
Overvaluation 32%
Intrinsic Value
Price NT$24.1
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