Company Valuation: Farmsco

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 169,141 214,665 136,573 113,811 76,866 83,870
Change - 26.92% -36.38% -16.67% -32.46% 9.11%
Enterprise Value (EV) 1 581,783 652,422 750,356 719,860 718,106 621,180
Change - 12.14% 15.01% -4.06% -0.24% -13.5%
P/E 13.6x 69.8x -4.17x -3.33x -1.09x 2.05x
PBR 0.57x 0.72x 0.52x 0.51x 0.53x 0.4x
PEG - -0.9x 0x -0.76x -0x -0x
Capitalization / Revenue 0.13x 0.14x 0.07x 0.06x 0.05x 0.05x
EV / Revenue 0.44x 0.42x 0.39x 0.39x 0.46x 0.4x
EV / EBITDA 8.68x 9.59x 12.8x 10.3x 8.2x 5.78x
EV / EBIT 15.7x 17.9x 40.7x 22.9x 13.3x 7.78x
EV / FCF -27.2x -14.9x -6x -70.4x 32.5x -20.6x
FCF Yield -3.68% -6.71% -16.7% -1.42% 3.07% -4.86%
Dividend per Share 2 100 100 50 50 50 -
Rate of return 2.07% 1.63% 1.28% 1.54% 2.28% -
EPS 2 354.7 87.84 -935.4 -976.6 -2,019 1,169
Distribution rate 28.2% 114% -5.35% -5.12% -2.48% -
Net sales 1 1,333,937 1,536,856 1,901,507 1,854,548 1,574,635 1,554,135
EBITDA 1 66,998 68,029 58,668 69,927 87,624 107,554
EBIT 1 37,094 36,531 18,432 31,498 54,083 79,810
Net income 1 12,419 3,076 -32,757 -34,199 -70,693 40,931
Net Debt 1 412,642 437,757 613,782 606,049 641,240 537,310
Reference price 2 4,830.00 6,130.00 3,900.00 3,250.00 2,195.00 2,395.00
Nbr of stocks (in thousands) 35,019 35,019 35,019 35,019 35,019 35,019
Announcement Date 3/11/21 3/10/22 3/21/23 3/15/24 3/18/25 3/20/26
1KRW in Million2KRW
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 64.08M
19.91x0.52x10.41x2.45% 11.31B
-516.84x0.64x12.77x0.12% 4.7B
7.9x0.66x5.54x5.96% 2.81B
14.31x0.55x6.15x2.24% 2.73B
26.11x0.74x10.38x1.15% 2.12B
25.16x1.32x17.37x1% 1.16B
31.04x - - - 837M
Average -56.06x 0.74x 10.44x 2.15% 3.22B
Weighted average by Cap. -79.17x 0.62x 10.16x 2.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA