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 | 22.7x - 25.1x | 23.9x |
| Selected Fwd EBITDA Multiple | 20.1x - 22.3x | 21.2x |
| Fair Value | ₩4,572 - ₩7,099 | ₩5,836 |
| Upside | -54.0% - -28.6% | -41.3% |
| Benchmarks | Ticker | Full Ticker |
| Hanatour Service Inc. | A039130 | KOSE:A039130 |
| Modetour Network Inc. | A080160 | KOSDAQ:A080160 |
| Paradise Co., Ltd. | A034230 | KOSE:A034230 |
| Ghost Studio Co., Ltd. | A950190 | KOSDAQ:A950190 |
| DoubleUGames Co., Ltd. | A192080 | KOSE:A192080 |
| Seobu T&D Co., Ltd. | A006730 | KOSDAQ:A006730 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| A039130 | A080160 | A034230 | A950190 | A192080 | A006730 | ||
| KOSE:A039130 | KOSDAQ:A080160 | KOSE:A034230 | KOSDAQ:A950190 | KOSE:A192080 | KOSDAQ:A006730 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -1.3% | -7.9% | 5.7% | -15.0% | 5.4% | 13.9% | |
| 3Y CAGR | NM- | NM- | 71.1% | -20.3% | 6.2% | 82.5% | |
| Latest Twelve Months | -14.1% | -31.8% | -12.9% | -32.8% | 6.3% | 17.3% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | -74.9% | -43.4% | 14.9% | 34.7% | 36.4% | 20.4% | |
| Prior Fiscal Year | 15.2% | 9.1% | 23.0% | 28.1% | 38.1% | 31.7% | |
| Latest Fiscal Year | 12.4% | 3.3% | 20.0% | 23.2% | 41.2% | 34.4% | |
| Latest Twelve Months | 11.2% | 4.4% | 20.4% | 22.5% | 40.0% | 34.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.20x | 0.62x | 2.22x | 0.84x | 1.27x | 9.66x | |
| EV / LTM EBITDA | 10.7x | 13.9x | 10.9x | 3.7x | 3.2x | 27.7x | |
| EV / LTM EBIT | 18.3x | 21.5x | 16.7x | 4.8x | 3.3x | 37.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 3.2x | 10.7x | 13.9x | ||||
| Historical EV / LTM EBITDA | -1022.7x | 27.9x | 56.3x | ||||
| Selected EV / LTM EBITDA | 22.7x | 23.9x | 25.1x | ||||
| (x) LTM EBITDA | 67,053 | 67,053 | 67,053 | ||||
| (=) Implied Enterprise Value | 1,521,823 | 1,601,919 | 1,682,015 | ||||
| (-) Non-shareholder Claims * | (1,228,571) | (1,228,571) | (1,228,571) | ||||
| (=) Equity Value | 293,253 | 373,349 | 453,445 | ||||
| (/) Shares Outstanding | 63.2 | 63.2 | 63.2 | ||||
| Implied Value Range | 4,640.18 | 5,907.55 | 7,174.92 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 4,640.18 | 5,907.55 | 7,174.92 | 9,940.00 | |||
| Upside / (Downside) | -53.3% | -40.6% | -27.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A039130 | A080160 | A034230 | A950190 | A192080 | A006730 | |
| Enterprise Value | 720,274 | 146,414 | 2,417,025 | 69,495 | 801,618 | 1,856,765 | |
| (+) Cash & Short Term Investments | 293,871 | 106,742 | 722,876 | 76,404 | 851,836 | 100,092 | |
| (+) Investments & Other | 3,602 | 6,750 | 88,026 | 274 | 1,866 | 47,714 | |
| (-) Debt | (130,084) | (27,422) | (1,164,807) | (6,473) | (24,893) | (1,137,635) | |
| (-) Other Liabilities | (6,286) | 20 | (451,435) | (2,838) | (435,806) | (238,743) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 881,377 | 232,504 | 1,611,684 | 136,861 | 1,194,621 | 628,194 | |
| (/) Shares Outstanding | 15.5 | 17.3 | 85.8 | 13.0 | 19.9 | 63.2 | |
| Implied Stock Price | 56,900.00 | 13,430.00 | 18,780.00 | 10,520.00 | 59,900.00 | 9,940.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 56,900.00 | 13,430.00 | 18,780.00 | 10,520.00 | 59,900.00 | 9,940.00 | |
| 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 | |