Company Valuation: Korea Ratings Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 457,239 342,595 307,800 340,811 389,880 442,964
Change - -25.07% -10.16% 10.72% 14.4% 13.62%
Enterprise Value (EV) 1 354,753 228,989 197,381 240,329 276,045 325,113
Change - -35.45% -13.8% 21.76% 14.86% 17.78%
P/E Ratio 22.9x 15.4x 15.1x 16.7x 16x 17.6x
PBR 4.88x 3.42x 2.74x 3.2x 3.28x 3.35x
PEG - 1.3x -1.85x -60.77x 0.8x 5.41x
Capitalization / Revenue 4.77x 3.28x 3.03x 3.57x 3.75x 4.03x
EV / Revenue 3.7x 2.19x 1.94x 2.51x 2.65x 2.96x
EV / EBITDA 9.87x 5.6x 5.52x 7.69x 7.58x 8.85x
EV / EBIT 10.8x 6.32x 6.59x 9.3x 8.45x 9.47x
EV / FCF 17.1x 9.76x 10.1x 12.4x 11x 15.6x
FCF Yield 5.86% 10.2% 9.89% 8.07% 9.13% 6.41%
Dividend per Share 2 2,907 3,397 5,100 5,131 3,954 -
Rate of return 2.84% 4.42% 7.39% 6.72% 4.52% -
EPS 2 4,474 4,990 4,582 4,570 5,477 5,656
Distribution rate 65% 68.1% 111% 112% 72.2% -
Net sales 1 95,885 104,520 101,576 95,594 104,057 109,781
EBITDA 1 35,934 40,888 35,789 31,261 36,401 36,726
EBIT 1 32,710 36,219 29,930 25,840 32,680 34,340
Net income 1 19,957 22,261 20,441 20,385 24,433 25,229
Net Debt 1 -102,486 -113,606 -110,419 -100,481 -113,835 -117,852
Reference price 2 102,500.00 76,800.00 69,000.00 76,400.00 87,400.00 99,300.00
Nbr of stocks (in thousands) 4,461 4,461 4,461 4,461 4,461 4,461
Announcement Date 2/26/21 2/24/22 2/21/23 2/21/24 2/17/25 2/20/26
1KRW in Million2KRW
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 296M
28.71x10.19x19.43x0.93% 78.72B
30.95x - - 1.94% 3.07B
26.53x - - 1.53% 520M
30x - - 1.23% 514M
Average 29.05x 10.19x 19.43x 1.41% 16.63B
Weighted average by Cap. 28.78x 10.19x 19.43x 0.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. A034950 Stock
  4. Valuation Korea Ratings Corporation
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