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 20,728,109 - -
Change - -31.55% 12.25% 161.72% 223.25% 64.47% - -
Enterprise Value (EV) 1 7,235 5,977 4,864 8,470 16,903 25,574 25,181 24,212
Change - -17.4% -18.62% 74.13% 99.57% 51.3% -1.54% -3.85%
P/E 9.92x -2.12x -4.3x -20.1x 186x 60.6x 35x 24.8x
PBR 0.74x 0.63x 0.98x 2.66x 8.53x 14.8x 11x 8.51x
PEG - 0x 0.1x 0.5x -1x 0x 0.5x 0.6x
Capitalization / Revenue 0.14x 0.08x 0.08x 0.22x 0.64x 0.96x 0.85x 0.76x
EV / Revenue 0.53x 0.35x 0.25x 0.47x 0.85x 1.18x 1.04x 0.89x
EV / EBITDA 4.6x 3.41x 2.27x 4.78x 9.03x 9.48x 7.56x 5.95x
EV / EBIT 7.55x 5.31x 3.39x 8.45x 15.9x 14.4x 10.5x 7.87x
EV / FCF 21.1x -35.8x 3.67x -21x 41x 126x 37.5x 21.9x
FCF Yield 4.74% -2.79% 27.2% -4.75% 2.44% 0.79% 2.67% 4.56%
Dividend per Share 3 2,050 2,000 2,000 2,000 4,000 4,388 5,072 5,723
Rate of return 1.74% 2.41% 2.13% 0.78% 0.51% 0.32% 0.37% 0.41%
EPS 3 11,890 -39,123 -21,823 -12,715 4,194 22,790 39,539 55,660
Distribution rate 17.2% -5.11% -9.16% -15.7% 95.4% 19.3% 12.8% 10.3%
Net sales 1 13,728 16,996 19,130 18,132 19,784 21,613 24,317 27,336
EBITDA 1 1,571 1,751 2,141 1,771 1,871 2,697 3,330 4,066
EBIT 1 958.8 1,126 1,435 1,003 1,063 1,780 2,395 3,076
Net income 1 656.7 -696.4 -388.3 -226.2 75.78 387 561.4 722.9
Net Debt 1 5,297 4,649 3,374 4,571 4,300 4,846 4,453 3,483
Reference price 3 118,000.00 83,100.00 93,900.00 255,000.00 781,000.00 1,382,000.00 1,382,000.00 1,382,000.00
Nbr of stocks (in thousands) 17,800 17,800 17,800 17,800 17,840 17,840 - -
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.($)
23.97x - - -.--% 1,064B
22.81x1.86x11.48x1.24% 130B
20.37x3.63x12.42x2.04% 82.16B
30.67x2.17x16.09x0.79% 79.44B
23.69x5.15x17.55x2.44% 77.34B
23.78x1.83x13.34x1.14% 73.84B
31.29x4.02x17.91x3.8% 71.74B
38.09x2.6x13.44x3.02% 23.57B
Average 26.83x 3.04x 14.60x 1.81% 200.38B
Weighted average by Cap. 24.54x 2.96x 14.37x 0.63%

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