Company Valuation: Cosmax, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 991,611 840,714 1,434,092 1,691,638 1,849,343 3,256,205 - -
Change - -15.22% 70.58% 17.96% 9.32% 76.07% - -
Enterprise Value (EV) 1 1,371 1,336 1,855 2,274 2,438 3,962 3,930 3,884
Change - -2.49% 38.84% 22.58% 7.18% 62.53% -0.81% -1.16%
P/E 12.6x 40.3x 25.1x 19.7x 15x 19.7x 17.2x 14.6x
PBR 1.77x 1.45x 3.96x 3.32x 3.31x 4.82x 3.95x 3.18x
PEG - -0.5x 0x 0.4x 0.3x 0.6x 1.2x 0.8x
Capitalization / Revenue 0.62x 0.53x 0.81x 0.78x 0.77x 1.1x 1x 0.89x
EV / Revenue 0.86x 0.84x 1.04x 1.05x 1.02x 1.34x 1.21x 1.07x
EV / EBITDA 7.86x 11.9x 10.6x 9.31x 9.03x 11.7x 10.2x 8.89x
EV / EBIT 11.2x 25.2x 16x 13x 12.5x 16x 13.3x 11.3x
EV / FCF 23.1x 72.8x 12.8x -24.7x -24.3x 34.3x 31.7x 23x
FCF Yield 4.33% 1.37% 7.8% -4.04% -4.11% 2.91% 3.16% 4.35%
Dividend per Share 3 550 - 500 2,300 3,300 3,588 3,774 4,058
Rate of return 0.63% - 0.4% 1.54% 2.02% 1.25% 1.32% 1.41%
EPS 3 6,944 1,838 5,036 7,562 10,847 14,550 16,665 19,712
Distribution rate 7.92% - 9.93% 30.4% 30.4% 24.7% 22.6% 20.6%
Net sales 1 1,591 1,600 1,777 2,166 2,399 2,954 3,258 3,644
EBITDA 1 174.4 111.9 175.1 244.2 269.9 337.4 387 436.7
EBIT 1 122.6 53.05 115.7 175.4 195.8 247.4 296.3 344.1
Net income 1 34.44 20.85 37.8 88.42 131.1 165 190.6 226.3
Net Debt 1 378.9 495.6 421.2 582.7 588.3 705.7 673.4 628
Reference price 3 87,400.00 74,100.00 126,400.00 149,100.00 163,000.00 287,000.00 287,000.00 287,000.00
Nbr of stocks (in thousands) 11,346 11,346 11,346 11,346 11,346 11,346 - -
Announcement Date 07/03/22 09/03/23 07/03/24 24/02/25 23/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.62x1.39x12.18x1.2% 2.49B
29.37x4.54x18.73x2.02% 238B
55.22x7.88x30.26x0.23% 48.43B
29.99x5.51x21.36x1.11% 12.7B
34.05x1.67x12.42x1.63% 9.32B
24.71x1.78x11.39x1.09% 6.63B
59.03x3.54x17.26x-.--% 6.43B
24.03x2.43x13.06x2.72% 3.76B
12.7x1.58x8.8x3.56% 3.51B
21.53x2.79x13.53x3.63% 2.89B
Average 31.12x 3.31x 15.90x 1.72% 33.4B
Weighted average by Cap. 33.38x 4.81x 19.89x 1.69%

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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  4. Valuation Cosmax, Inc.