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 | 15.3x - 16.9x | 16.1x |
| Selected Fwd EBITDA Multiple | 8.9x - 9.8x | 9.3x |
| Fair Value | ₩33,638 - ₩36,160 | ₩34,899 |
| Upside | -25.1% - -19.5% | -22.3% |
| Benchmarks | Ticker | Full Ticker |
| Korea Aerospace Industries, Ltd. | A047810 | KOSE:A047810 |
| LIG Nex1 Co., Ltd. | A079550 | KOSE:A079550 |
| Victek Co., Ltd. | A065450 | KOSDAQ:A065450 |
| Snt Dynamics Co.,Ltd. | A003570 | KOSE:A003570 |
| Satrec Initiative Co., Ltd. | A099320 | KOSDAQ:A099320 |
| Hanwha Systems Co., Ltd. | A272210 | KOSE:A272210 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| A047810 | A079550 | A065450 | A003570 | A099320 | A272210 | ||
| KOSE:A047810 | KOSE:A079550 | KOSDAQ:A065450 | KOSE:A003570 | KOSDAQ:A099320 | KOSE:A272210 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -2.5% | 33.7% | NM- | 30.7% | -24.1% | 11.2% | |
| 3Y CAGR | 18.5% | 26.0% | NM- | 65.3% | -28.1% | 12.5% | |
| Latest Twelve Months | -6.5% | 21.1% | 981.0% | 144.8% | 89.6% | 20.9% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 9.6% | 9.0% | 3.3% | 10.1% | 11.3% | 9.7% | |
| Prior Fiscal Year | 9.6% | 11.1% | -1.2% | 10.0% | 2.0% | 10.0% | |
| Latest Fiscal Year | 9.5% | 9.4% | 8.4% | 19.4% | 2.8% | 10.5% | |
| Latest Twelve Months | 9.5% | 9.4% | 8.4% | 19.4% | 2.8% | 10.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.60x | 2.60x | 1.80x | 0.58x | 2.08x | 2.35x | |
| EV / LTM EBITDA | 27.4x | 27.6x | 21.5x | 3.0x | 73.9x | 22.3x | |
| EV / LTM EBIT | 39.2x | 37.1x | 70.6x | 3.2x | -105.2x | 36.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 3.0x | 27.4x | 73.9x | ||||
| Historical EV / LTM EBITDA | 2.8x | 7.5x | 22.3x | ||||
| Selected EV / LTM EBITDA | 15.3x | 16.1x | 16.9x | ||||
| (x) LTM EBITDA | 295,316 | 295,316 | 295,316 | ||||
| (=) Implied Enterprise Value | 4,509,100 | 4,746,421 | 4,983,742 | ||||
| (-) Non-shareholder Claims * | 1,809,599 | 1,809,599 | 1,809,599 | ||||
| (=) Equity Value | 6,318,699 | 6,556,020 | 6,793,341 | ||||
| (/) Shares Outstanding | 187.0 | 187.0 | 187.0 | ||||
| Implied Value Range | 33,791.05 | 35,060.19 | 36,329.34 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 33,791.05 | 35,060.19 | 36,329.34 | 44,900.00 | |||
| Upside / (Downside) | -24.7% | -21.9% | -19.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A047810 | A079550 | A065450 | A003570 | A099320 | A272210 | |
| Enterprise Value | 9,510,877 | 8,281,177 | 128,424 | 357,880 | 356,352 | 6,586,398 | |
| (+) Cash & Short Term Investments | 146,414 | 568,158 | 9,910 | 304,247 | 173,238 | 320,969 | |
| (+) Investments & Other | 94,369 | 70,031 | 2,181 | 79,627 | 3,790 | 1,888,186 | |
| (-) Debt | (1,074,551) | (436,401) | (23,182) | (516) | (7,520) | (473,194) | |
| (-) Other Liabilities | (21,320) | (26,753) | 0 | 0 | 11,747 | 73,638 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | (5,375) | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 8,655,790 | 8,456,212 | 117,333 | 741,236 | 532,232 | 8,395,997 | |
| (/) Shares Outstanding | 97.5 | 21.8 | 28.7 | 22.4 | 11.0 | 187.0 | |
| Implied Stock Price | 88,800.00 | 388,000.00 | 4,095.00 | 33,100.00 | 48,600.00 | 44,900.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 88,800.00 | 388,000.00 | 4,095.00 | 33,100.00 | 48,600.00 | 44,900.00 | |
| 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 | |