Company Valuation: Doosan Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,938,758 1,327,149 1,489,665 3,898,767 12,602,701 17,818,814 - -
Change - -31.55% 12.25% 161.72% 223.25% 41.39% - -
Enterprise Value (EV) 1 7,235 5,977 4,864 8,470 16,903 22,528 22,108 21,029
Change - -17.4% -18.62% 74.13% 99.57% 33.28% -1.87% -4.88%
P/E 9.92x -2.12x -4.3x -20.1x 186x 46.7x 29.7x 25.4x
PBR 0.74x 0.63x 0.98x 2.66x 8.53x 12.7x 8.89x 6.83x
PEG - 0x 0.1x 0.5x -1x 0x 0.5x 1.5x
Capitalization / Revenue 0.14x 0.08x 0.08x 0.22x 0.64x 0.82x 0.72x 0.64x
EV / Revenue 0.53x 0.35x 0.25x 0.47x 0.85x 1.04x 0.89x 0.76x
EV / EBITDA 4.6x 3.41x 2.27x 4.78x 9.03x 8.45x 6.7x 5.41x
EV / EBIT 7.55x 5.31x 3.39x 8.45x 15.9x 12.8x 9.09x 6.81x
EV / FCF 21.1x -35.8x 3.67x -21x 41x 43.2x 25.8x 18.2x
FCF Yield 4.74% -2.79% 27.2% -4.75% 2.44% 2.31% 3.88% 5.49%
Dividend per Share 3 2,050 2,000 2,000 2,000 4,000 4,273 4,551 4,911
Rate of return 1.74% 2.41% 2.13% 0.78% 0.51% 0.36% 0.39% 0.42%
EPS 3 11,890 -39,123 -21,823 -12,715 4,194 25,202 39,710 46,371
Distribution rate 17.2% -5.11% -9.16% -15.7% 95.4% 17% 11.5% 10.6%
Net sales 1 13,728 16,996 19,130 18,132 19,784 21,744 24,786 27,709
EBITDA 1 1,571 1,751 2,141 1,771 1,871 2,665 3,299 3,890
EBIT 1 958.8 1,126 1,435 1,003 1,063 1,761 2,433 3,089
Net income 1 656.7 -696.4 -388.3 -226.2 75.78 421.6 627.1 868.5
Net Debt 1 5,297 4,649 3,374 4,571 4,300 4,710 4,289 3,210
Reference price 3 118,000.00 83,100.00 93,900.00 255,000.00 781,000.00 1,178,000.00 1,178,000.00 1,178,000.00
Nbr of stocks (in thousands) 17,800 17,800 17,800 17,800 17,840 17,882 - -
Announcement Date 2/11/22 3/7/23 1/31/24 1/24/25 2/10/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.32x - - -.--% 1,070B
24.68x2.04x12.95x1.14% 148B
24.46x4.02x13.79x1.76% 93.17B
32.3x2.52x18.92x0.73% 86.87B
24.83x5.31x18.12x2.28% 80.95B
22x1.74x12.4x1.16% 72.85B
33.53x3.97x18.35x2.7% 70.28B
40.63x2.73x14.1x2.83% 25.48B
Average 27.84x 3.19x 15.52x 1.58% 205.92B
Weighted average by Cap. 22.75x 3.12x 15.35x 0.56%

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