Company Valuation: dhSteel

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 60,605 58,575 39,697 41,830 16,339 24,105
Change - -3.35% -32.23% 5.37% -60.94% 47.53%
Enterprise Value (EV) 1 97,947 157,218 146,949 139,615 107,358 105,036
Change - 60.51% -6.53% -4.99% -23.1% -2.16%
P/E -2.62x 9.43x -8.42x -6.09x -0.87x -15.5x
PBR 1.26x 1.17x 0.88x 0.34x 0.42x 0.66x
PEG - -0x 0x -1.78x -0x 0.2x
Capitalization / Revenue 0.43x 0.28x 0.13x 0.14x 0.06x 0.09x
EV / Revenue 0.69x 0.74x 0.48x 0.46x 0.36x 0.38x
EV / EBITDA -32.2x 11.1x 18.3x 17.2x 12.5x 13.8x
EV / EBIT -11.3x 20.2x 163x 84.1x 40.2x 44.3x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1,601 416.3 -316 -326.8 -1,023 -84.77
Distribution rate - - - - - -
Net sales 1 141,665 212,211 306,846 300,560 296,391 277,425
EBITDA 1 -3,046 14,181 8,033 8,120 8,590 7,637
EBIT 1 -8,647 7,768 901.7 1,661 2,668 2,371
Net income 1 -23,164 7,297 -4,714 -3,556 -12,967 -1,631
Net Debt 1 37,342 98,643 107,252 97,785 91,020 80,931
Reference price 2 4,190.00 3,925.00 2,660.00 1,990.00 892.00 1,316.00
Nbr of stocks (in thousands) 14,464 14,924 14,924 21,020 18,317 18,317
Announcement Date 3/21/22 3/21/22 3/17/23 3/20/25 3/20/25 3/17/26
1KRW in Million2KRW
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.59x1.52x7.85x0.87% 58.33B
8.2x1.75x4.59x7.75% 56.38B
16.89x0.82x6.84x0.98% 47.18B
14.21x1.56x8.96x0.87% 34.82B
15.28x2.29x5.58x4% 32.8B
18.67x1.69x9.33x0.62% 30.16B
12.24x1.12x6.77x2.43% 22.86B
11.51x0.75x6.66x3.71% 21.37B
17.12x1.25x11.36x1.22% 20.78B
Average 14.19x 1.42x 7.55x 2.5% 36.08B
Weighted average by Cap. 13.84x 1.46x 7.24x 2.69%

Y-o-Y evolution of P/E

Valuation ratios - P/E - dhSteel

Historical PBR trend

Valuation ratios - PBR - dhSteel

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - dhSteel

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - dhSteel