Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 17.2x - 19.0x | 18.1x |
| Selected Fwd EBIT Multiple | 0.8x - 0.8x | 0.8x |
| Fair Value | ₩7,200 - ₩8,485 | ₩7,843 |
| Upside | -3.7% - 13.4% | 4.8% |
| Benchmarks | Ticker | Full Ticker |
| Dongyang E&P Inc. | A079960 | KOSDAQ:A079960 |
| Seoho Electric Co.,Ltd | A065710 | KOSDAQ:A065710 |
| S-Fuelcell co., Ltd. | A288620 | KOSDAQ:A288620 |
| Shinsung Delta Tech Co.,Ltd. | A065350 | KOSDAQ:A065350 |
| Vitzro Tech Co. Ltd | A042370 | KOSDAQ:A042370 |
| Elentec Co., Ltd. | A054210 | KOSDAQ:A054210 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| A079960 | A065710 | A288620 | A065350 | A042370 | A054210 | ||
| KOSDAQ:A079960 | KOSDAQ:A065710 | KOSDAQ:A288620 | KOSDAQ:A065350 | KOSDAQ:A042370 | KOSDAQ:A054210 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 12.0% | -33.1% | NM- | 20.3% | 6.0% | -10.4% | |
| 3Y CAGR | 51.6% | -51.9% | NM- | -6.0% | 25.2% | -23.1% | |
| Latest Twelve Months | 28.9% | -9.9% | -482.6% | 38.8% | 81.7% | -19.6% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 6.8% | 17.9% | -1.3% | 3.6% | 9.6% | 4.1% | |
| Prior Fiscal Year | 8.0% | 19.6% | -7.7% | 3.4% | 8.2% | 4.1% | |
| Latest Fiscal Year | 9.4% | 3.5% | -12.3% | 3.2% | 11.9% | 2.9% | |
| Latest Twelve Months | 9.6% | 14.4% | -25.2% | 3.4% | 12.3% | 3.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.12x | 1.54x | 2.01x | 2.27x | 0.61x | 0.61x | |
| EV / LTM EBITDA | 1.0x | 10.4x | -12.5x | 38.1x | 3.6x | 8.2x | |
| EV / LTM EBIT | 1.3x | 10.7x | -8.0x | 66.3x | 5.0x | 19.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -8.0x | 5.0x | 66.3x | ||||
| Historical EV / LTM EBIT | 4.9x | 18.9x | 30.9x | ||||
| Selected EV / LTM EBIT | 17.2x | 18.1x | 19.0x | ||||
| (x) LTM EBIT | 15,688 | 15,688 | 15,688 | ||||
| (=) Implied Enterprise Value | 269,571 | 283,759 | 297,946 | ||||
| (-) Non-shareholder Claims * | (124,802) | (124,802) | (124,802) | ||||
| (=) Equity Value | 144,768 | 158,956 | 173,144 | ||||
| (/) Shares Outstanding | 24.9 | 24.9 | 24.9 | ||||
| Implied Value Range | 5,817.06 | 6,387.16 | 6,957.25 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 5,817.06 | 6,387.16 | 6,957.25 | 7,480.00 | |||
| Upside / (Downside) | -22.2% | -14.6% | -7.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A079960 | A065710 | A288620 | A065350 | A042370 | A054210 | |
| Enterprise Value | (18,027) | 111,365 | 53,650 | 2,148,905 | 269,020 | 310,956 | |
| (+) Cash & Short Term Investments | 139,980 | 34,127 | 56,470 | 95,647 | 164,481 | 70,219 | |
| (+) Investments & Other | 91,085 | 28,320 | 3,703 | 51,379 | 13,402 | 18,946 | |
| (-) Debt | 0 | (64) | (36,401) | (276,108) | (29,205) | (212,058) | |
| (-) Other Liabilities | (4,853) | (1,121) | (91) | (111,509) | (189,758) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | (1,909) | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 208,185 | 172,627 | 77,331 | 1,908,313 | 227,940 | 186,154 | |
| (/) Shares Outstanding | 7.6 | 4.5 | 7.0 | 27.2 | 26.2 | 24.9 | |
| Implied Stock Price | 27,250.00 | 38,200.00 | 11,080.00 | 70,200.00 | 8,700.00 | 7,480.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 27,250.00 | 38,200.00 | 11,080.00 | 70,200.00 | 8,700.00 | 7,480.00 | |
| Trading Currency | KRW | KRW | KRW | KRW | KRW | KRW | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |