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 3/17/21 3/22/22 3/21/23 3/13/24 3/20/25 3/23/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 231M
25.57x4.17x14.53x2.57% 243B
13.53x2.47x9.1x6.11% 80.32B
9.6x1.05x5.52x5.03% 76.99B
-79.14x12.45x72.09x-.--% 78.7B
18.82x4.92x12.15x3.04% 55.16B
13.69x2x8.37x5.68% 44.66B
12.82x1.47x10.05x1.26% 34.2B
15.17x1.93x8.98x5.7% 31.56B
17.79x1.3x8.3x1.11% 30.83B
Average 5.32x 3.53x 16.56x 3.39% 67.54B
Weighted average by Cap. 7.29x 4.12x 18.19x 3.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA