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 EBITDA Multiple | 23.2x - 25.6x | 24.4x |
| Selected Fwd EBITDA Multiple | 25.4x - 28.1x | 26.7x |
| Fair Value | ₩41,514 - ₩46,815 | ₩44,164 |
| Upside | -41.3% - -33.8% | -37.5% |
| Benchmarks | Ticker | Full Ticker |
| Elentec Co., Ltd. | A054210 | KOSDAQ:A054210 |
| Seoho Electric Co.,Ltd | A065710 | KOSDAQ:A065710 |
| CS Wind Corporation | A112610 | KOSE:A112610 |
| LS Eco Energy Ltd. | A229640 | KOSE:A229640 |
| Dongyang E&P Inc. | A079960 | KOSDAQ:A079960 |
| Shinsung Delta Tech Co.,Ltd. | A065350 | KOSDAQ:A065350 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| A054210 | A065710 | A112610 | A229640 | A079960 | A065350 | ||
| KOSDAQ:A054210 | KOSDAQ:A065710 | KOSE:A112610 | KOSE:A229640 | KOSDAQ:A079960 | KOSDAQ:A065350 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -5.3% | -30.9% | 38.8% | 9.7% | 11.5% | 17.7% | |
| 3Y CAGR | -13.1% | -49.1% | 44.5% | 14.3% | 35.4% | 1.7% | |
| Latest Twelve Months | -15.0% | -9.7% | 257.0% | 39.5% | 22.4% | 28.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 7.5% | 18.4% | 11.6% | 4.9% | 8.9% | 5.9% | |
| Prior Fiscal Year | 7.5% | 20.2% | 11.8% | 5.1% | 10.4% | 5.8% | |
| Latest Fiscal Year | 7.0% | 4.3% | 13.7% | 6.0% | 11.8% | 5.8% | |
| Latest Twelve Months | 7.4% | 14.9% | 17.5% | 6.3% | 11.9% | 6.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.59x | 1.55x | 0.99x | 1.36x | 0.09x | 2.28x | |
| EV / LTM EBITDA | 8.0x | 10.4x | 5.6x | 21.5x | 0.8x | 38.3x | |
| EV / LTM EBIT | 19.4x | 10.7x | 8.1x | 24.6x | 1.0x | 66.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 0.8x | 8.0x | 21.5x | ||||
| Historical EV / LTM EBITDA | 7.9x | 17.6x | 77.1x | ||||
| Selected EV / LTM EBITDA | 23.2x | 24.4x | 25.6x | ||||
| (x) LTM EBITDA | 56,425 | 56,425 | 56,425 | ||||
| (=) Implied Enterprise Value | 1,309,154 | 1,378,057 | 1,446,960 | ||||
| (-) Non-shareholder Claims * | (240,591) | (240,591) | (240,591) | ||||
| (=) Equity Value | 1,068,562 | 1,137,465 | 1,206,368 | ||||
| (/) Shares Outstanding | 27.2 | 27.2 | 27.2 | ||||
| Implied Value Range | 39,308.58 | 41,843.27 | 44,377.96 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 39,308.58 | 41,843.27 | 44,377.96 | 70,700.00 | |||
| Upside / (Downside) | -44.4% | -40.8% | -37.2% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A054210 | A065710 | A112610 | A229640 | A079960 | A065350 | |
| Enterprise Value | 304,983 | 111,817 | 3,173,918 | 1,247,486 | (36,744) | 2,162,496 | |
| (+) Cash & Short Term Investments | 70,219 | 34,127 | 348,737 | 47,708 | 139,980 | 95,647 | |
| (+) Investments & Other | 18,946 | 28,320 | 21,708 | 13 | 91,085 | 51,379 | |
| (-) Debt | (212,058) | (64) | (1,431,180) | (159,614) | 0 | (276,108) | |
| (-) Other Liabilities | 0 | (1,121) | (45,394) | (14,989) | (4,853) | (111,509) | |
| (-) Preferred Stock | (1,909) | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 180,181 | 173,079 | 2,067,790 | 1,120,604 | 189,468 | 1,921,905 | |
| (/) Shares Outstanding | 24.9 | 4.5 | 41.4 | 30.3 | 7.6 | 27.2 | |
| Implied Stock Price | 7,240.00 | 38,300.00 | 49,900.00 | 36,950.00 | 24,800.00 | 70,700.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 7,240.00 | 38,300.00 | 49,900.00 | 36,950.00 | 24,800.00 | 70,700.00 | |
| 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 | |