Barunson

Prix Action

819,00 KRW

Juste Valeur

1.395,25 KRW

Metrics	Range	Conclusion
Selected LTM Revenue Multiple	0,5x - 0,6x	0,5x
Selected Fwd Revenue Multiple	0,5x - 0,5x	0,5x
Fair Value	1.343₩ - 1.448₩	1.395₩
Upside	63,3% - 76,2%	69,7%

Multiples Valuation: EV / Revenue

Prix Action

819,00 KRW

Juste Valeur

1.395,25 KRW

Potentiel haussier

69,7%

LTM Revenue Multiple

Proj Revenue Multiple

Fair Value

Benchmark Editor


Select LTM Revenue Multiple

	Benchmark Companies
	A052790	A348030	A051780	A030350	A200350	A018700
	KOSDAQ:A052790	KOSDAQ:A348030	KOSDAQ:A051780	KOSDAQ:A030350	KOSDAQ:A200350	KOSDAQ:A018700
Historical Revenue Growth
5Y CAGR	4.9%	NM-	18.9%	33.3%	NM-	59.6%
3Y CAGR	11.0%	-0.4%	0.1%	59.7%	-12.7%	24.0%
Latest Twelve Months	-10.9%	-38.3%	-23.4%	54.2%	-34.8%	10.4%

Historical EBIT Profit Margin
5 Year Average Margin	39.0%	2.7%	-1.1%	-93.4%	-14.4%	-12.4%
Prior Fiscal Year	46.9%	-5.3%	-4.5%	-114.0%	-23.5%	-14.7%
Latest Fiscal Year	37.0%	-23.6%	-13.4%	-44.4%	-47.4%	-10.4%
Latest Twelve Months	37.0%	-23.6%	-13.4%	-44.4%	-47.4%	-10.4%

Current Trading Multiples
EV / LTM Revenue	-1.22x	0.34x	0.57x	0.31x	3.98x	0.24x
EV / LTM EBIT	-3.3x	-1.4x	-4.2x	-0.7x	-8.4x	-2.3x
Price / LTM Sales	0.88x	0.82x	0.23x	0.48x	5.77x	0.42x


	Low	Mid	High

Benchmark EV / LTM Revenue	-1.22x	0.34x	3.98x
Historical EV / LTM Revenue	0.24x	0.91x	11.48x

Selected EV / LTM Revenue	0.51x	0.53x	0.56x
(x) LTM Revenue	67,877	67,877	67,877
(=) Implied Enterprise Value	34,493	36,308	38,124
(-) Non-shareholder Claims *	11,727	11,727	11,727
(=) Equity Value	46,220	48,035	49,850
(/) Shares Outstanding	34.4	34.4	34.4
Implied Value Range	1,342.52	1,395.25	1,447.98
FX Rate: KRW/KRW	1.0	1.0	1.0		Market Price
Implied Value Range (Trading Cur)	1,342.52	1,395.25	1,447.98		822.00
Upside / (Downside)	63.3%	69.7%	76.2%

Calculs d'appui

Equity Waterfall

Financials

Historical Multiples


Equity Waterfall

	Benchmark Companies
(in millions)	A052790	A348030	A051780	A030350	A200350	A018700

Enterprise Value	(151,723)	(4,376)	34,607	8,022	108,810	16,573
(+) Cash & Short Term Investments	171,016	27,395	1,929	755	48,463	7,703
(+) Investments & Other	54,239	23,456	22,495	9,492	3,664	9,969
(-) Debt	(3,287)	(521)	(42,608)	(5,869)	(3,501)	(6,119)
(-) Other Liabilities	0	0	(2,402)	0	1	174
(-) Preferred Stock	0	0	0	0	0	0
(-) Other	0	0	0	0	0	0
Value of Common Equity	70,245	45,954	14,021	12,400	157,437	28,299
(/) Shares Outstanding	10.9	9.6	23.2	12.7	10.0	34.4
Implied Stock Price	6,430.00	4,785.00	605.00	973.00	15,750.00	822.00
FX Conversion Rate to Trading Currency	1.00	1.00	1.00	1.00	1.00	1.00
Implied Stock Price (Trading Cur)	6,430.00	4,785.00	605.00	973.00	15,750.00	822.00

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

Erreur de Chargement