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 |
|---|---|---|
| Discount Rate | 14.0% - 13.0% | 13.5% |
| Terminal Revenue Multiple | 1.5x - 1.7x | 1.6x |
| Fair Value | ₩2,933 - ₩3,709 | ₩3,308 |
| Upside | -11.4% - 12.0% | -0.1% |
| Select Revenue and EBITDA Forecast | |||||||||||
| (KRW in millions) | Input Projections | ||||||||||
| Fiscal Years Ending | Dec-24 | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Dec-32 | Dec-33 | Dec-34 |
| Revenue | 44,137 | 49,654 | 53,378 | 55,246 | 56,351 | 57,478 | 58,628 | 59,801 | 60,997 | 62,217 | 63,461 |
| % Growth | 18.6% | 12.5% | 7.5% | 3.5% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% |
| EBITDA | -1,056 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
| % of Revenue | -2.4% | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
| Calculation of Free Cash Flow | |||||||||||
| Projected Unlevered Cash Flow | |||||||||||
| Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Dec-32 | Dec-33 | Dec-34 | ||
| EBITDA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | |
| Other Income / (Exp) | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | |
| D&A | (4,226) | (4,543) | (4,702) | (4,796) | (4,892) | (4,990) | (5,089) | (5,191) | (5,295) | (5,401) | |
| EBIT | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | |
| Pro forma Taxes | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | #NUM! | |
| NOPAT | (4,078) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditures | (547) | (2,898) | (3,116) | (3,225) | (3,289) | (3,355) | (3,290) | (3,312) | (3,319) | (3,307) | (3,312) |
| NWC Investment | (2,880) | (2,299) | (1,552) | (778) | (460) | (470) | (479) | (489) | (498) | (508) | (518) |
| (+) D&A | 3,686 | 4,226 | 4,543 | 4,702 | 4,796 | 4,892 | 4,990 | 5,089 | 5,191 | 5,295 | 5,401 |
| Free Cash Flow | (3,819) | (971) | (124) | 699 | 1,046 | 1,067 | 1,221 | 1,289 | 1,374 | 1,480 | 1,570 |
| % Growth | NM | NM | 50% | 2% | 14% | 6% | 7% | 8% | 6% | ||