Company Valuation: HANDOK Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 458,326 313,809 230,539 196,819 165,851 145,499
Change - -31.53% -26.54% -14.63% -15.73% -12.27%
Enterprise Value (EV) 1 658,619 536,764 488,981 476,774 483,200 496,007
Change - -18.5% -8.9% -2.5% 1.35% 2.65%
P/E 17x 95.4x 21.6x -6.84x -3.16x -69x
PBR 1.2x 0.82x 0.61x 0.58x 0.58x 0.53x
PEG - -1.1x 0x 0x -0x 0.7x
Capitalization / Revenue 0.91x 0.61x 0.42x 0.38x 0.33x 0.27x
EV / Revenue 1.31x 1.04x 0.9x 0.91x 0.95x 0.93x
EV / EBITDA 13.2x 10.9x 9.73x 13.6x 23.1x 18.5x
EV / EBIT 23.2x 19.2x 17.2x 37.9x -186x 151x
EV / FCF -456x 73.4x -14.4x 177x -25.4x -30.2x
FCF Yield -0.22% 1.36% -6.94% 0.56% -3.93% -3.32%
Dividend per Share 2 300 350 400 300 200 -
Rate of return 0.9% 1.54% 2.39% 2.1% 1.66% -
EPS 2 1,958 239 775.9 -2,091 -3,819 -162.4
Distribution rate 15.3% 146% 51.6% -14.3% -5.24% -
Net sales 1 503,612 517,641 543,759 522,741 507,358 535,138
EBITDA 1 49,830 49,374 50,255 35,067 20,937 26,801
EBIT 1 28,376 28,006 28,496 12,579 -2,603 3,291
Net income 1 26,960 3,295 10,684 -28,797 -52,563 -2,153
Net Debt 1 200,293 222,956 258,442 279,956 317,350 350,508
Reference price 2 33,300.00 22,800.00 16,750.00 14,300.00 12,050.00 11,200.00
Nbr of stocks (in thousands) 13,764 13,764 13,764 13,764 13,764 12,991
Announcement Date 3/18/21 3/16/22 3/9/23 3/14/24 3/12/25 3/10/26
1KRW in Million2KRW
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 81.59M
36.74x13.1x27.8x0.54% 1,135B
38.61x6.5x18.29x2.02% 636B
36.46x8.38x17.29x2.41% 505B
20.87x5.11x12.73x2.56% 378B
105.89x5.92x25.41x2.34% 358B
21.76x5.67x13.94x2.81% 295B
22.42x4.53x12.96x1.95% 266B
27.87x7.16x12.81x2.3% 237B
-45.48x6.98x27.06x2.11% 193B
Average 29.46x 7.04x 18.70x 2.12% 400.44B
Weighted average by Cap. 35.14x 8.29x 20.39x 1.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - HANDOK Inc.

Historical PBR trend

Valuation ratios - PBR - HANDOK Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - HANDOK Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - HANDOK Inc.