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 | 12.7x - 14.1x | 13.4x |
| Selected Fwd EBITDA Multiple | 3.3x - 3.6x | 3.4x |
| Fair Value | ₩4,214 - ₩4,537 | ₩4,375 |
| Upside | -17.9% - -11.6% | -14.7% |
| Benchmarks | Ticker | Full Ticker |
| CAS Corporation | A016920 | KOSDAQ:A016920 |
| Hanshin Machinery Co., Ltd. | A011700 | KOSE:A011700 |
| JVM Co., Ltd. | A054950 | KOSDAQ:A054950 |
| TPC Mechatronics Corporation | A048770 | KOSDAQ:A048770 |
| Iljin Power Co., Ltd. | A094820 | KOSDAQ:A094820 |
| WOORIM POWER TRAIN SOLUTION Co., Ltd. | A101170 | KOSDAQ:A101170 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| A016920 | A011700 | A054950 | A048770 | A094820 | A101170 | ||
| KOSDAQ:A016920 | KOSE:A011700 | KOSDAQ:A054950 | KOSDAQ:A048770 | KOSDAQ:A094820 | KOSDAQ:A101170 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -3.2% | -9.9% | 15.1% | NM- | -4.8% | -9.9% | |
| 3Y CAGR | -5.8% | -35.8% | 25.1% | NM- | -15.0% | -25.0% | |
| Latest Twelve Months | -17.8% | 129.5% | 2.2% | 86.2% | -17.1% | -58.8% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 5.4% | 1.4% | 18.9% | 1.7% | 9.5% | 11.1% | |
| Prior Fiscal Year | 5.7% | -8.5% | 22.1% | -4.1% | 8.3% | 10.8% | |
| Latest Fiscal Year | 4.7% | 2.4% | 22.2% | -0.6% | 6.8% | 3.6% | |
| Latest Twelve Months | 4.7% | 2.4% | 22.2% | -0.6% | 6.8% | 3.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.64x | 1.19x | 1.17x | 0.62x | 0.75x | 0.73x | |
| EV / LTM EBITDA | 13.7x | 48.6x | 5.3x | -109.0x | 11.1x | 20.6x | |
| EV / LTM EBIT | 28.0x | 206.8x | 6.1x | -21.6x | 14.2x | -32.9x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -109.0x | 11.1x | 48.6x | ||||
| Historical EV / LTM EBITDA | 4.5x | 11.0x | 20.6x | ||||
| Selected EV / LTM EBITDA | 12.7x | 13.4x | 14.1x | ||||
| (x) LTM EBITDA | 2,555 | 2,555 | 2,555 | ||||
| (=) Implied Enterprise Value | 32,486 | 34,196 | 35,906 | ||||
| (-) Non-shareholder Claims * | 15,146 | 15,146 | 15,146 | ||||
| (=) Equity Value | 47,632 | 49,342 | 51,052 | ||||
| (/) Shares Outstanding | 13.2 | 13.2 | 13.2 | ||||
| Implied Value Range | 3,603.90 | 3,733.26 | 3,862.63 | ||||
| FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 3,603.90 | 3,733.26 | 3,862.63 | 5,130.00 | |||
| Upside / (Downside) | -29.7% | -27.2% | -24.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | A016920 | A011700 | A054950 | A048770 | A094820 | A101170 | |
| Enterprise Value | 100,038 | 74,991 | 186,280 | 53,626 | 145,688 | 52,657 | |
| (+) Cash & Short Term Investments | 5,289 | 33,733 | 106,463 | 11,643 | 48,964 | 15,441 | |
| (+) Investments & Other | 6 | 3,377 | 11,328 | 6,997 | 15,691 | 0 | |
| (-) Debt | (59,231) | (20,103) | (31,672) | (40,469) | (74,281) | (295) | |
| (-) Other Liabilities | 0 | (135) | 0 | (982) | (5,247) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 46,101 | 91,863 | 272,400 | 30,815 | 130,815 | 67,803 | |
| (/) Shares Outstanding | 24.6 | 32.3 | 11.5 | 15.7 | 14.9 | 13.2 | |
| Implied Stock Price | 1,876.00 | 2,840.00 | 23,650.00 | 1,963.00 | 8,790.00 | 5,130.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1,876.00 | 2,840.00 | 23,650.00 | 1,963.00 | 8,790.00 | 5,130.00 | |
| 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 | |