Company Valuation: Advanced Process Systems Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 379,667 275,803 334,949 236,717 286,473 274,046 - -
Change - -27.36% 21.45% -29.33% 21.02% -4.34% - -
Enterprise Value (EV) 1 367 162.2 203.1 128.6 217.6 108 57.08 1.417
Change - -55.81% 25.25% -36.7% 69.23% -50.34% -47.17% -97.52%
P/E 6.66x 3.36x 5.58x 4.57x 12.1x 5.05x 4.07x 3.97x
PBR 1.91x 1.02x 1.06x 0.72x 0.81x 0.69x 0.59x 0.51x
PEG - 0.1x -0.2x -0.3x -0.2x 0x 0.2x 1.58x
Capitalization / Revenue 0.72x 0.57x 0.63x 0.46x 0.62x 0.44x 0.39x 0.37x
EV / Revenue 0.69x 0.33x 0.38x 0.25x 0.47x 0.17x 0.08x 0x
EV / EBITDA 5.02x 1.67x 3.08x 2.38x 5.21x 1.47x 0.63x 0.02x
EV / EBIT 5.71x 1.79x 3.38x 2.72x 6.53x 1.65x 0.69x 0.02x
EV / FCF 5.87x 1.68x 4.86x 3.38x -7.13x 3.24x 1.07x 0.02x
FCF Yield 17% 59.7% 20.6% 29.6% -14% 30.8% 93.5% 4,098%
Dividend per Share 3 240 270 270 - - 200 200 200
Rate of return 0.95% 1.47% 1.21% - - 1.08% 1.08% 1.08%
EPS 3 3,781 5,463 3,997 3,448 1,599 3,680 4,570 4,685
Distribution rate 6.35% 4.94% 6.76% - - 5.44% 4.38% 4.27%
Net sales 1 528.7 486.6 533.6 516.7 460.1 625 700 750
EBITDA 1 73.05 97.32 66.05 53.99 41.73 73.61 90.94 93.16
EBIT 1 64.3 90.48 60.12 47.19 33.33 65.61 82.94 85.16
Net income 1 57.17 82.24 60.03 51.78 23.78 54.42 67.59 69.29
Net Debt 1 -12.68 -113.6 -131.8 -108.2 -68.91 -166 -217 -272.6
Reference price 3 25,200.00 18,350.00 22,300.00 15,760.00 19,370.00 18,580.00 18,580.00 18,580.00
Nbr of stocks (in thousands) 15,066 15,030 15,020 15,020 14,790 14,750 - -
Announcement Date 03/03/22 08/03/23 06/03/24 05/03/25 06/03/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.05x0.17x1.47x1.08% 198M
31.66x9.6x27.73x0.47% 331B
64.6x9.52x50.98x0.14% 72.01B
64.64x19.22x84.23x0.12% 49.89B
34.2x8.96x23.25x0.51% 44.47B
29.1x9.15x19.2x1.36% 35.22B
75.72x22.87x86.91x0.13% 29.95B
35.04x3.29x10.01x0.44% 25.15B
78.01x15.23x73.7x0.32% 20.31B
78.88x20.99x74.52x0.17% 19.57B
Average 49.69x 11.90x 45.20x 0.47% 62.8B
Weighted average by Cap. 43.29x 11.20x 39.14x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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