Company Valuation: Handsome Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 782,118 594,278 420,059 315,927 343,632 471,420 - -
Change - -24.02% -29.32% -24.79% 8.77% 37.19% - -
Enterprise Value (EV) 1 490.1 537.7 379.9 283.2 314.2 434.7 400.1 352.2
Change - 9.72% -29.35% -25.45% 10.95% 38.34% -7.95% -11.97%
P/E 6.83x 4.83x 5.01x 7.08x 7.43x 6.63x 5.29x 4.68x
PBR 0.63x 0.44x 0.3x 0.22x 0.24x 0.32x 0.3x 0.28x
PEG - 0.65x -0.2x -0.2x 2.03x 0.1x 0.2x 0.4x
Capitalization / Revenue 0.56x 0.39x 0.27x 0.21x 0.23x 0.3x 0.28x 0.27x
EV / Revenue 0.35x 0.35x 0.25x 0.19x 0.21x 0.27x 0.24x 0.2x
EV / EBITDA 2.39x 2.37x 2.27x 2.1x 2.57x 2.72x 2.23x 1.8x
EV / EBIT 3.22x 3.19x 3.78x 4.46x 6.02x 4.85x 3.7x 2.85x
EV / FCF 3.24x -27.9x -2.76x 4.09x 4.16x 5.11x 5.24x 3.52x
FCF Yield 30.9% -3.59% -36.2% 24.5% 24% 19.6% 19.1% 28.4%
Dividend per Share 3 600 750 750 750 750 802.9 890 920
Rate of return 1.69% 2.77% 3.92% 5.1% 4.69% 3.66% 4.05% 4.19%
EPS 3 5,214 5,599 3,818 2,077 2,153 3,311 4,149 4,694
Distribution rate 11.5% 13.4% 19.6% 36.1% 34.8% 24.2% 21.5% 19.6%
Net sales 1 1,387 1,542 1,529 1,485 1,492 1,593 1,683 1,771
EBITDA 1 204.9 226.5 167.5 134.8 122.4 159.8 179.7 195.7
EBIT 1 152.2 168.3 100.5 63.47 52.18 89.67 108.2 123.6
Net income 1 110.9 123 83.87 44.64 46.24 71.25 88.53 100.1
Net Debt 1 -292 -56.53 -40.12 -32.69 -29.38 -36.7 -71.28 -119.2
Reference price 3 35,600.00 27,050.00 19,120.00 14,710.00 16,000.00 21,950.00 21,950.00 21,950.00
Nbr of stocks (in thousands) 21,970 21,970 21,970 21,477 21,477 21,477 - -
Announcement Date 2/8/22 2/7/23 2/6/24 2/7/25 2/9/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.63x0.27x2.72x3.66% 350M
17.03x2.58x8.53x3.45% 210B
29.57x7.33x16.19x1.53% 153B
24.72x3.96x13.94x2.33% 123B
63.2x4.51x42.06x0.41% 41.88B
11.63x1.76x6.05x3.98% 26.43B
19.66x2.58x13.09x1.06% 21.65B
10.34x1.17x7.62x7.07% 13.65B
18.5x3.53x8.72x3.15% 13.38B
Average 22.36x 3.08x 13.21x 2.96% 67.03B
Weighted average by Cap. 24.71x 4.15x 13.94x 2.54%

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

  1. Stock Market
  2. Stocks
  3. A020000 Stock
  4. Valuation Handsome Corporation