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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 1.6x - 1.8x | 1.7x |
Selected Fwd Ps Multiple | 1.1x - 1.3x | 1.2x |
Fair Value | ₩10,227 - ₩11,303 | ₩10,765 |
Upside | 14.9% - 27.0% | 21.0% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Namhwa Industrial Co., Ltd. | - | KOSDAQ:A111710 |
Mona Yongpyong Co.,Ltd | - | KOSE:A070960 |
Yellow Balloon Tour Co., Ltd. | - | KOSDAQ:A104620 |
Me2on Co., Ltd. | - | KOSDAQ:A201490 |
Ananti Inc. | - | KOSDAQ:A025980 |
Lotte Tour Development Co., Ltd. | - | KOSE:A032350 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
A111710 | A070960 | A104620 | A201490 | A025980 | A032350 | |||
KOSDAQ:A111710 | KOSE:A070960 | KOSDAQ:A104620 | KOSDAQ:A201490 | KOSDAQ:A025980 | KOSE:A032350 | |||
Historical Sales Growth | ||||||||
5Y CAGR | 6.6% | 3.1% | 11.4% | -4.6% | 14.8% | 39.7% | ||
3Y CAGR | -7.2% | 18.4% | 255.8% | -4.9% | 9.1% | 63.9% | ||
Latest Twelve Months | -16.1% | 26.5% | 33.8% | -13.5% | -68.2% | 50.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 53.3% | -2.9% | -132.7% | 19.3% | -3.2% | -168.2% | ||
Prior Fiscal Year | 71.6% | -8.5% | 6.0% | 7.1% | 11.2% | -64.5% | ||
Latest Fiscal Year | 52.8% | 4.7% | -3.6% | 0.6% | -10.7% | -24.7% | ||
Latest Twelve Months | 52.8% | 6.8% | -3.6% | 0.6% | -10.7% | -24.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 5.8x | 9.0x | -16.2x | 4.6x | 31.1x | 15.1x | ||
Price / LTM Sales | 5.0x | 0.7x | 0.6x | 0.5x | 1.9x | 1.4x | ||
LTM P/E Ratio | 9.4x | 22.6x | -15.5x | 93.5x | -17.6x | -5.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.5x | 0.7x | 5.0x | |||||
Historical LTM P/S Ratio | 1.4x | 5.8x | 21.1x | |||||
Selected Price / Sales Multiple | 1.6x | 1.7x | 1.8x | |||||
(x) LTM Sales | 471,468 | 471,468 | 471,468 | |||||
(=) Equity Value | 776,963 | 817,856 | 858,749 | |||||
(/) Shares Outstanding | 76.2 | 76.2 | 76.2 | |||||
Implied Value Range | 10,196.88 | 10,733.55 | 11,270.23 | |||||
FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 10,196.88 | 10,733.55 | 11,270.23 | 8,900.00 | ||||
Upside / (Downside) | 14.6% | 20.6% | 26.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | A111710 | A070960 | A104620 | A201490 | A025980 | A032350 | |
Value of Common Equity | 102,631 | 194,894 | 74,379 | 51,633 | 547,730 | 678,146 | |
(/) Shares Outstanding | 20.6 | 47.3 | 15.8 | 30.4 | 88.6 | 76.2 | |
Implied Stock Price | 4,985.00 | 4,120.00 | 4,695.00 | 1,699.00 | 6,180.00 | 8,900.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 4,985.00 | 4,120.00 | 4,695.00 | 1,699.00 | 6,180.00 | 8,900.00 | |
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 |