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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 13,3x - 14,7x | 14,0x |
Selected Fwd EBIT Multiple | 12,4x - 13,7x | 13,0x |
Fair Value | ₩3.261 - ₩3.747 | ₩3.504 |
Upside | 6,1% - 21,8% | 14,0% |
Benchmarks | Ticker | Full Ticker |
Mobile Appliance, Inc. | A087260 | KOSDAQ:A087260 |
TPC Co., Ltd. | A130740 | KOSDAQ:A130740 |
Sewon Co.,Ltd | A234100 | KOSDAQ:A234100 |
Woosu AMS Co.,Ltd. | A066590 | KOSDAQ:A066590 |
Mobase Electronics Co.,Ltd. | A012860 | KOSDAQ:A012860 |
UNITEKNO Co.,Ltd | A241690 | KOSDAQ:A241690 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
A087260 | A130740 | A234100 | A066590 | A012860 | A241690 | ||
KOSDAQ:A087260 | KOSDAQ:A130740 | KOSDAQ:A234100 | KOSDAQ:A066590 | KOSDAQ:A012860 | KOSDAQ:A241690 | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | -36.6% | 21.4% | 24.4% | 6.3% | |
3Y CAGR | -25.7% | NM- | NM- | NM- | 27.7% | 2.9% | |
Latest Twelve Months | 452.7% | 46.8% | -96.9% | -25.0% | 19.5% | -19.8% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 1.8% | -1.0% | 3.3% | 0.5% | 2.6% | 8.7% | |
Prior Fiscal Year | 0.9% | -3.5% | 4.6% | 2.2% | 3.0% | 11.2% | |
Latest Fiscal Year | 2.3% | -1.1% | 0.3% | 2.1% | 3.3% | 7.7% | |
Latest Twelve Months | 4.4% | -1.7% | 0.1% | 1.6% | 3.2% | 7.7% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.66x | 0.41x | 0.20x | 0.45x | 0.32x | 1.01x | |
EV / LTM EBITDA | 8.6x | 13.9x | 5.8x | 8.2x | 5.1x | 8.4x | |
EV / LTM EBIT | 15.0x | -23.9x | 216.3x | 28.4x | 10.0x | 13.0x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -23.9x | 15.0x | 216.3x | ||||
Historical EV / LTM EBIT | 7.8x | 12.2x | 33.6x | ||||
Selected EV / LTM EBIT | 13.3x | 14.0x | 14.7x | ||||
(x) LTM EBIT | 8,310 | 8,310 | 8,310 | ||||
(=) Implied Enterprise Value | 110,376 | 116,185 | 121,994 | ||||
(-) Non-shareholder Claims * | (33,002) | (33,002) | (33,002) | ||||
(=) Equity Value | 77,374 | 83,183 | 88,993 | ||||
(/) Shares Outstanding | 24.5 | 24.5 | 24.5 | ||||
Implied Value Range | 3,161.91 | 3,399.30 | 3,636.70 | ||||
FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 3,161.91 | 3,399.30 | 3,636.70 | 3,075.00 | |||
Upside / (Downside) | 2.8% | 10.5% | 18.3% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | A087260 | A130740 | A234100 | A066590 | A012860 | A241690 | |
Enterprise Value | 30,809 | 32,109 | 45,029 | 159,873 | 325,705 | 108,249 | |
(+) Cash & Short Term Investments | 29,900 | 24,432 | 114,905 | 68,554 | 15,387 | 24,444 | |
(+) Investments & Other | 12,758 | 150 | 85,625 | 13,587 | 18,467 | 7,456 | |
(-) Debt | (4,781) | (8,825) | (26,994) | (120,682) | (242,663) | (64,901) | |
(-) Other Liabilities | 0 | (27,409) | (146,816) | 697 | (7,368) | (0) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 68,687 | 20,456 | 71,749 | 122,029 | 109,529 | 75,247 | |
(/) Shares Outstanding | 32.6 | 11.3 | 65.5 | 38.7 | 72.7 | 24.5 | |
Implied Stock Price | 2,110.00 | 1,814.00 | 1,095.00 | 3,155.00 | 1,507.00 | 3,075.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2,110.00 | 1,814.00 | 1,095.00 | 3,155.00 | 1,507.00 | 3,075.00 | |
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 |