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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 0,5x - 0,6x | 0,6x |
Selected Fwd Revenue Multiple | 0,6x - 0,6x | 0,6x |
Fair Value | 3.072₩ - 3.411₩ | 3.241₩ |
Upside | 61,8% - 79,7% | 70,8% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Opticis Company Limited | A109080 | KOSDAQ:A109080 |
ONEUL E&M co.,Ltd. | A192410 | KOSDAQ:A192410 |
Topco Media Co.,Ltd. | A134580 | KOSDAQ:A134580 |
FINEDIGITAL Inc. | A038950 | KOSDAQ:A038950 |
Yw Company Limited | A051390 | KOSDAQ:A051390 |
Kisan Telecom Co., Ltd | A035460 | KOSDAQ:A035460 |
Select LTM Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
A109080 | A192410 | A134580 | A038950 | A051390 | A035460 | |||
KOSDAQ:A109080 | KOSDAQ:A192410 | KOSDAQ:A134580 | KOSDAQ:A038950 | KOSDAQ:A051390 | KOSDAQ:A035460 | |||
Historical Revenue Growth | ||||||||
5Y CAGR | 0.7% | -12.0% | NM- | -5.9% | -3.0% | 5.5% | ||
3Y CAGR | 2.5% | 8.7% | 1.6% | -11.0% | 3.2% | 2.4% | ||
Latest Twelve Months | 8.0% | -25.4% | 21.7% | -19.3% | -55.3% | 26.0% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | 13.4% | -51.9% | -10.7% | -0.3% | 20.2% | 3.4% | ||
Prior Fiscal Year | 3.8% | -62.1% | -13.8% | -0.8% | 17.5% | 6.0% | ||
Latest Fiscal Year | 11.4% | -60.8% | -16.0% | -5.8% | 32.3% | 5.3% | ||
Latest Twelve Months | 11.4% | -60.8% | -16.0% | -5.8% | 32.3% | 5.3% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 0.11x | 1.03x | 1.19x | -0.50x | 0.81x | 0.32x | ||
EV / LTM EBIT | 0.9x | -1.7x | -7.5x | 8.7x | 2.5x | 6.0x | ||
Price / LTM Sales | 1.66x | 0.76x | 1.86x | 0.38x | 1.74x | 0.30x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | -0.50x | 0.81x | 1.19x | |||||
Historical EV / LTM Revenue | 0.32x | 0.56x | 0.78x | |||||
Selected EV / LTM Revenue | 0.54x | 0.57x | 0.60x | |||||
(x) LTM Revenue | 93,078 | 93,078 | 93,078 | |||||
(=) Implied Enterprise Value | 50,361 | 53,011 | 55,662 | |||||
(-) Non-shareholder Claims * | (2,149) | (2,149) | (2,149) | |||||
(=) Equity Value | 48,212 | 50,862 | 53,513 | |||||
(/) Shares Outstanding | 14.6 | 14.6 | 14.6 | |||||
Implied Value Range | 3,307.29 | 3,489.12 | 3,670.95 | |||||
FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 3,307.29 | 3,489.12 | 3,670.95 | 1,898.00 | ||||
Upside / (Downside) | 74.3% | 83.8% | 93.4% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | A109080 | A192410 | A134580 | A038950 | A051390 | A035460 | |
Enterprise Value | 2,500 | (27,824) | 27,847 | (47,760) | 13,377 | 29,817 | |
(+) Cash & Short Term Investments | 30,651 | 13,040 | 15,716 | 67,105 | 15,333 | 35,234 | |
(+) Investments & Other | 8,521 | 41,207 | 0 | 12,054 | 0 | 3,563 | |
(-) Debt | (2,163) | (16,468) | (163) | (1,045) | 0 | (34,388) | |
(-) Other Liabilities | 0 | 0 | 0 | (3,413) | 0 | (6,035) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | (523) | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 39,509 | 9,954 | 43,400 | 26,940 | 28,710 | 27,668 | |
(/) Shares Outstanding | 4.8 | 14.2 | 21.6 | 8.2 | 8.0 | 14.6 | |
Implied Stock Price | 8,240.00 | 700.00 | 2,005.00 | 3,285.00 | 3,575.00 | 1,898.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 8,240.00 | 700.00 | 2,005.00 | 3,285.00 | 3,575.00 | 1,898.00 | |
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 |