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 | 4.8x - 5.3x | 5.0x |
| Selected Fwd EBIT Multiple | 14.7x - 16.3x | 15.5x |
| Fair Value | ₩2,847 - ₩2,879 | ₩2,863 |
| Upside | 31.5% - 33.0% | 32.2% |
| Benchmarks | Ticker | Full Ticker |
| JLS Co.,Ltd. | A040420 | KOSDAQ:A040420 |
| Digital Daesung Co., Ltd. | A068930 | KOSDAQ:A068930 |
| MegaStudy Co., Ltd. | A072870 | KOSDAQ:A072870 |
| Multicampus Corporation | A067280 | KOSDAQ:A067280 |
| YBM Net, Inc. | A057030 | KOSDAQ:A057030 |
| MegaMD Co., Ltd. | A133750 | KOSDAQ:A133750 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| A040420 | A068930 | A072870 | A067280 | A057030 | A133750 | ||
| KOSDAQ:A040420 | KOSDAQ:A068930 | KOSDAQ:A072870 | KOSDAQ:A067280 | KOSDAQ:A057030 | KOSDAQ:A133750 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -4.7% | 2.3% | 60.8% | 10.0% | 1.6% | NM- | |
| 3Y CAGR | -15.9% | -2.1% | 17.3% | 13.7% | -8.4% | -29.1% | |
| Latest Twelve Months | -37.2% | 15.3% | 20.5% | -10.0% | -46.8% | 453.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 13.5% | 12.1% | 10.6% | 9.4% | 5.4% | 2.2% | |
| Prior Fiscal Year | 14.4% | 11.8% | 9.6% | 11.2% | 8.5% | -10.8% | |
| Latest Fiscal Year | 9.6% | 10.9% | 17.7% | 11.0% | 4.8% | 6.3% | |
| Latest Twelve Months | 9.0% | 12.0% | 15.1% | 10.5% | 4.3% | 3.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.78x | 1.15x | 0.08x | 0.25x | 0.50x | 0.46x | |
| EV / LTM EBITDA | 5.0x | 6.0x | 0.3x | 1.5x | 4.7x | 2.5x | |
| EV / LTM EBIT | 8.7x | 9.6x | 0.6x | 2.4x | 11.6x | 11.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 0.6x | 8.7x | 11.6x | ||||
| Historical EV / LTM EBIT | -2.2x | 7.2x | 17.0x | ||||
| Selected EV / LTM EBIT | 4.8x | 5.0x | 5.3x | ||||
| (x) LTM EBIT | 1,428 | 1,428 | 1,428 | ||||
| (=) Implied Enterprise Value | 6,802 | 7,160 | 7,518 | ||||
| (-) Non-shareholder Claims * | 56,192 | 56,192 | 56,192 | ||||
| (=) Equity Value | 62,994 | 63,352 | 63,710 | ||||
| (/) Shares Outstanding | 22.1 | 22.1 | 22.1 | ||||
| Implied Value Range | 2,853.64 | 2,869.86 | 2,886.08 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2,853.64 | 2,869.86 | 2,886.08 | 2,165.00 | |||
| Upside / (Downside) | 31.8% | 32.6% | 33.3% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A040420 | A068930 | A072870 | A067280 | A057030 | A133750 | |
| Enterprise Value | 81,139 | 266,601 | 11,234 | 85,796 | 28,645 | (8,400) | |
| (+) Cash & Short Term Investments | 14,890 | 29,159 | 75,642 | 167,000 | 36,997 | 34,852 | |
| (+) Investments & Other | 182 | 21,528 | 138,666 | 1,244 | 555 | 25,207 | |
| (-) Debt | (4,786) | (93,410) | (64,820) | (34,598) | (7,933) | (3,867) | |
| (-) Other Liabilities | 0 | (28,377) | (35,474) | (4,893) | (0) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 91,425 | 195,501 | 125,249 | 214,549 | 58,264 | 47,792 | |
| (/) Shares Outstanding | 14.9 | 26.1 | 11.4 | 5.9 | 16.2 | 22.1 | |
| Implied Stock Price | 6,120.00 | 7,490.00 | 10,980.00 | 36,200.00 | 3,600.00 | 2,165.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 6,120.00 | 7,490.00 | 10,980.00 | 36,200.00 | 3,600.00 | 2,165.00 | |
| 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 | |