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 | 15.1x - 16.7x | 15.9x |
| Selected Fwd EBITDA Multiple | 3.2x - 3.6x | 3.4x |
| Fair Value | ₩4,520 - ₩4,979 | ₩4,749 |
| Upside | 5.2% - 15.9% | 10.6% |
| Benchmarks | Ticker | Full Ticker |
| ICH Co., Ltd. | A368600 | KOSDAQ:A368600 |
| Korea Information Engineering Services Co., Ltd. | A039740 | KOSDAQ:A039740 |
| LAON PEOPLE Inc | A300120 | KOSDAQ:A300120 |
| Nuintek Co.,Ltd. | A012340 | KOSDAQ:A012340 |
| Suprema HQ Inc. | A094840 | KOSDAQ:A094840 |
| Pentastone Electronics, Inc. | A332570 | KOSDAQ:A332570 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| A368600 | A039740 | A300120 | A012340 | A094840 | A332570 | ||
| KOSDAQ:A368600 | KOSDAQ:A039740 | KOSDAQ:A300120 | KOSDAQ:A012340 | KOSDAQ:A094840 | KOSDAQ:A332570 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -14.8% | -1.4% | NM- | NM- | -1.2% | 2.3% | |
| 3Y CAGR | -35.9% | -20.3% | NM- | NM- | -28.2% | 106.2% | |
| Latest Twelve Months | -285.9% | -21.6% | -31.7% | 81.0% | 34.2% | -31.8% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | -5.3% | 1.3% | -21.2% | -0.4% | 14.9% | 7.4% | |
| Prior Fiscal Year | -11.8% | 1.3% | -93.4% | -7.9% | -10.5% | 12.4% | |
| Latest Fiscal Year | 4.5% | 1.2% | -5.8% | -0.7% | 14.0% | 11.9% | |
| Latest Twelve Months | -6.9% | 1.2% | -6.7% | -1.2% | 17.2% | 7.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.26x | 0.06x | 0.35x | 0.58x | -0.07x | 1.36x | |
| EV / LTM EBITDA | -18.3x | 5.1x | -5.3x | -49.9x | -0.4x | 17.2x | |
| EV / LTM EBIT | -6.7x | 18.8x | -3.9x | -7.2x | -0.5x | 31.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -49.9x | -5.3x | 5.1x | ||||
| Historical EV / LTM EBITDA | -382.3x | 7.3x | 20.2x | ||||
| Selected EV / LTM EBITDA | 15.1x | 15.9x | 16.7x | ||||
| (x) LTM EBITDA | 10,510 | 10,510 | 10,510 | ||||
| (=) Implied Enterprise Value | 158,897 | 167,260 | 175,623 | ||||
| (-) Non-shareholder Claims * | 6,852 | 6,852 | 6,852 | ||||
| (=) Equity Value | 165,748 | 174,111 | 182,474 | ||||
| (/) Shares Outstanding | 43.8 | 43.8 | 43.8 | ||||
| Implied Value Range | 3,785.10 | 3,976.08 | 4,167.06 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 3,785.10 | 3,976.08 | 4,167.06 | 4,295.00 | |||
| Upside / (Downside) | -11.9% | -7.4% | -3.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A368600 | A039740 | A300120 | A012340 | A094840 | A332570 | |
| Enterprise Value | 68,697 | 11,773 | 81,646 | 46,282 | (170,587) | 181,225 | |
| (+) Cash & Short Term Investments | 9,684 | 7,854 | 29,702 | 1,479 | 57,849 | 62,939 | |
| (+) Investments & Other | 1,093 | 23,880 | 6,356 | 1,762 | 169,061 | 12,066 | |
| (-) Debt | (48,984) | (18,963) | (45,427) | (27,231) | (59) | (61,109) | |
| (-) Other Liabilities | 0 | (1,050) | (11,654) | 0 | 0 | (3,297) | |
| (-) Preferred Stock | 0 | 0 | (2,111) | 0 | 0 | (3,747) | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 30,490 | 23,494 | 58,512 | 22,292 | 56,264 | 188,077 | |
| (/) Shares Outstanding | 17.2 | 8.0 | 20.9 | 51.6 | 9.1 | 43.8 | |
| Implied Stock Price | 1,774.00 | 2,930.00 | 2,805.00 | 432.00 | 6,150.00 | 4,295.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1,774.00 | 2,930.00 | 2,805.00 | 432.00 | 6,150.00 | 4,295.00 | |
| 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 | |