Company Valuation: Haitai Confectionery&Foods Co.,ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 218,771 211,346 174,751 143,195 159,106 177,668
Change - -3.39% -17.31% -18.06% 11.11% 11.67%
Enterprise Value (EV) 1 415,202 409,762 418,294 370,376 362,286 381,595
Change - -1.31% 2.08% -11.46% -2.18% 5.33%
P/E 7.97x -541x -75.1x 6.62x 5.01x 7.63x
PBR 0.83x 0.82x 0.69x 0.54x 0.55x 0.58x
PEG - 5x -0x -0x 0.1x -0.3x
Capitalization / Revenue 0.39x 0.37x 0.3x 0.23x 0.25x 0.28x
EV / Revenue 0.74x 0.72x 0.71x 0.59x 0.58x 0.59x
EV / EBITDA 5.97x 7.74x 7.67x 4.83x 4.53x 5.16x
EV / EBIT 12.3x 15.7x 18.1x 8.1x 7.38x 9.02x
EV / FCF -53.8x 19x -15.8x 19.1x 13.2x 37.7x
FCF Yield -1.86% 5.28% -6.32% 5.24% 7.6% 2.65%
Dividend per Share 2 200 200 200 200 250 -
Rate of return 2.42% 2.51% 3.03% 3.7% 4.17% -
EPS 2 1,035 -14.72 -87.7 815.7 1,197 878.4
Distribution rate 19.3% -1,359% -228% 24.5% 20.9% -
Net sales 1 563,935 567,703 590,266 624,866 629,196 641,387
EBITDA 1 69,512 52,933 54,535 76,616 79,965 73,902
EBIT 1 33,868 26,024 23,171 45,726 49,072 42,328
Net income 1 27,447 -390.3 -2,326 21,630 31,744 23,294
Net Debt 1 196,432 198,416 243,542 227,181 203,180 203,927
Reference price 2 8,250.00 7,970.00 6,590.00 5,400.00 6,000.00 6,700.00
Nbr of stocks (in thousands) 26,518 26,518 26,518 26,518 26,518 26,518
Announcement Date 3/17/21 3/22/22 3/30/23 3/20/24 3/19/25 3/18/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 108M
20.63x2.84x14.18x3.95% 256B
20.44x2.55x15.21x3.21% 81.86B
17.59x1.82x10.29x3.56% 49.72B
15.13x0.56x10.09x2.55% 39.38B
22.8x3.43x13.91x3.07% 37.84B
37x3.18x18.47x0.98% 32.16B
-108.86x1.92x9.55x6.26% 30.32B
67.48x10.36x42.96x1.13% 29.36B
Average 11.52x 3.33x 16.83x 3.09% 61.82B
Weighted average by Cap. 16.45x 2.95x 15.19x 3.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Haitai Confectionery&Foods Co.,ltd.