Company Valuation: Hancom Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 637,706 288,857 340,713 509,065 554,678 406,309 - -
Change - -54.7% 17.95% 49.41% 8.96% -26.75% - -
Enterprise Value (EV) 1 454.7 136.6 205.9 408.8 420.7 286 231.1 232.1
Change - -69.96% 50.73% 98.56% 2.91% -32.01% -19.2% 0.43%
P/E 31.7x 6.68x 23x 36.7x 16.1x 10.1x 8.75x 8.73x
PBR 2.27x 1x 1.03x 1.47x 1.51x 1.06x 0.95x 0.89x
PEG - 0x -0.3x -5.06x 0x 0.5x 0.6x 34.13x
Capitalization / Revenue 1.61x 1.19x 1.26x 1.67x 1.7x 1.06x 1.01x 0.84x
EV / Revenue 1.15x 0.56x 0.76x 1.34x 1.29x 0.75x 0.57x 0.48x
EV / EBITDA 6.37x 2.57x 3.5x 6.63x 7.21x 4.06x 2.8x 2.71x
EV / EBIT 10.4x 5.46x 5.94x 10.1x 11.6x 5.96x 3.91x 3.63x
EV / FCF 11x 19.1x 6.47x 10x 7.18x 9.08x 5.05x 6.21x
FCF Yield 9.13% 5.25% 15.5% 9.98% 13.9% 11% 19.8% 16.1%
Dividend per Share 3 - - - 410 400 400 440 400
Rate of return - - - 1.94% 1.74% 2.34% 2.57% 2.34%
EPS 3 838 1,840 621 576 1,423 1,690 1,955 1,960
Distribution rate - - - 71.2% 28.1% 23.7% 22.5% 20.4%
Net sales 1 395.6 242 271.1 304.8 326.7 382.8 403.4 484.3
EBITDA 1 71.4 53.14 58.79 61.7 58.37 70.4 82.5 85.6
EBIT 1 43.8 25.02 34.66 40.37 36.4 48 59.05 64
Net income 1 7.813 16.84 15.08 13.15 34.38 40.9 47.3 47.4
Net Debt 1 -183 -152.3 -134.8 -100.3 -134 -120.3 -175.2 -174.2
Reference price 3 26,550.00 12,300.00 14,270.00 21,150.00 22,950.00 17,110.00 17,110.00 17,110.00
Nbr of stocks (in thousands) 24,019 23,484 23,876 24,069 24,169 23,747 - -
Announcement Date 2/25/22 2/24/23 2/16/24 2/24/25 3/18/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.7x0.81x4.39x2.21% 283M
32.84x21.35x25.33x-.--% 177B
12.24x3.29x6.89x-.--% 88.06B
36.84x6.02x16.7x0.37% 51.51B
25.03x5.36x13x-.--% 44.84B
22.14x5.31x13.49x0.93% 36.71B
34.95x3.12x9.37x-.--% 35.48B
38.42x2.67x15.4x-.--% 16.07B
14.03x5.66x11.43x-.--% 14.44B
30.71x - - 3.65% 10.18B
Average 25.79x 5.95x 12.89x 0.72% 47.5B
Weighted average by Cap. 27.61x 10.88x 16.75x 0.19%

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