Company Valuation: ATON Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 106,366 184,086 90,369 92,668 126,015 145,750
Change - 73.07% -50.91% 2.54% 35.98% 15.66%
Enterprise Value (EV) 1 71,466 162,352 81,566 78,729 119,365 128,491
Change - 127.17% -49.76% -3.48% 51.61% 7.65%
P/E 90.3x 147x 5.64x 10.1x 12x 93.5x
PBR 2.22x 3.6x 1.37x 1.21x 1.48x 1.51x
PEG - 42.63x 0x -0.2x 0.9x -1.1x
Capitalization / Revenue 3.66x 4.25x 2.02x 1.68x 1.93x 2.16x
EV / Revenue 2.46x 3.75x 1.82x 1.43x 1.82x 1.9x
EV / EBITDA 20.5x 15.5x 8.2x 5.68x 6.63x 8.93x
EV / EBIT 34.5x 17.8x 10.3x 6.96x 8.45x 12.5x
EV / FCF 29.2x 79.6x 29x 13x -258x -39x
FCF Yield 3.42% 1.26% 3.45% 7.71% -0.39% -2.56%
Dividend per Share 2 - - 20 30 50 -
Rate of return - - 0.46% 0.7% 0.87% -
EPS 2 58 60 766.4 421.6 478.9 66.01
Distribution rate - - 2.61% 7.12% 10.4% -
Net sales 1 29,043 43,281 44,743 55,031 65,424 67,603
EBITDA 1 3,495 10,449 9,945 13,865 18,004 14,385
EBIT 1 2,071 9,142 7,925 11,318 14,128 10,312
Net income 1 1,185 1,240 16,984 9,188 10,545 1,550
Net Debt 1 -34,900 -21,733 -8,803 -13,939 -6,650 -17,260
Reference price 2 5,240.00 8,800.00 4,320.00 4,265.00 5,730.00 6,170.00
Nbr of stocks (in thousands) 20,299 20,919 20,919 21,728 21,992 23,622
Announcement Date 3/19/21 3/17/22 3/16/23 3/14/24 3/13/25 3/20/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 74.85M
29.31x13.76x21.76x0.62% 503B
67.5x - - - 1.09B
9.19x0.12x2.59x1.92% 367M
6.09x0.05x0.67x3.61% 210M
4.52x0.28x2.97x6.73% 192M
Average 23.32x 3.55x 7.00x 3.22% 84.09B
Weighted average by Cap. 29.36x 13.74x 21.73x 0.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA