Company Valuation: DB Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 152,060 181,479 153,398 331,056 249,104 281,579
Change - 19.35% -15.47% 115.82% -24.75% 13.04%
Enterprise Value (EV) 1 205,638 223,528 173,334 308,898 450,544 567,825
Change - 8.7% -22.46% 78.21% 45.86% 26.03%
P/E 24.2x 8.36x 26.9x 16.3x 2.7x 5.73x
PBR 0.48x 0.41x 0.54x 0.84x 0.63x 0.63x
PEG - 0x -0.4x 0x 0x -0.1x
Capitalization / Revenue 0.56x 0.56x 0.38x 0.72x 0.42x 0.44x
EV / Revenue 0.75x 0.68x 0.43x 0.67x 0.77x 0.88x
EV / EBITDA 5.9x 7.27x 5.74x 7.07x 12.5x 12.6x
EV / EBIT 7.65x 9.52x 7.34x 8.34x 15.2x 13.6x
EV / FCF 12.4x 13.3x 9.18x 1.6x -1.7x -21x
FCF Yield 8.07% 7.5% 10.9% 62.7% -58.7% -4.76%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 32.83 113.6 29.91 106.1 483.2 257.3
Distribution rate - - - - - -
Net sales 1 272,446 326,915 401,346 458,584 587,436 643,464
EBITDA 1 34,877 30,751 30,200 43,671 36,070 45,025
EBIT 1 26,874 23,473 23,609 37,023 29,627 41,599
Net income 1 6,271 21,705 5,713 20,276 92,310 49,160
Net Debt 1 53,578 42,049 19,937 -22,158 201,440 286,246
Reference price 2 796.00 950.00 803.00 1,733.00 1,304.00 1,474.00
Nbr of stocks (in thousands) 191,031 191,031 191,031 191,031 191,031 191,031
Announcement Date 17/03/21 22/03/22 21/03/23 13/03/24 20/03/25 23/03/26
1KRW in Million2KRW
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 236M
22.3x3.65x12.76x2.98% 214B
-130.96x18.27x101.27x-.--% 118B
13.18x1.45x7.63x3.64% 109B
13.51x2.46x9.27x6.08% 78.66B
19.71x5.2x12.77x2.88% 58.06B
22.47x1.84x11.5x1.3% 43.57B
13.3x1.92x8.13x5.86% 42.8B
20.97x1.59x10.13x0.9% 39.98B
103.96x10.39x38.79x-.--% 36.12B
Average 10.94x 5.20x 23.58x 2.63% 73.96B
Weighted average by Cap. -1.17x 5.66x 26.52x 2.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA