Company Valuation: KSS Line Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 232,452 266,141 208,842 208,842 197,779 202,746
Change - 14.49% -21.53% 0% -5.3% 2.51%
Enterprise Value (EV) 1 943,463 1,281,854 1,355,932 1,284,019 1,361,739 1,421,535
Change - 35.87% 5.78% -5.3% 6.05% 4.39%
P/E 17.7x 4.75x 4.59x 12.3x 3.44x 5.55x
PBR 0.86x 0.78x 0.51x 0.5x 0.37x 0.37x
PEG - 0x -0.2x -0.2x 0x -0.2x
Capitalization / Revenue 1.03x 0.82x 0.47x 0.44x 0.38x 0.36x
EV / Revenue 4.17x 3.96x 3.04x 2.72x 2.63x 2.53x
EV / EBITDA 9.97x 10.9x 9.3x 7.01x 6.6x 6.27x
EV / EBIT 18.6x 22.1x 19.5x 14.5x 13.1x 12.9x
EV / FCF -9.11x -5.53x -19.6x -32.5x -188x -38.6x
FCF Yield -11% -18.1% -5.11% -3.07% -0.53% -2.59%
Dividend per Share 2 300 350 350 350 400 450
Rate of return 2.9% 2.95% 3.78% 3.78% 4.57% 5.01%
EPS 2 584.5 2,497 2,016 754.8 2,543 1,619
Distribution rate 51.3% 14% 17.4% 46.4% 15.7% 27.8%
Net sales 1 226,181 324,001 445,376 472,603 517,929 561,395
EBITDA 1 94,600 118,091 145,800 183,296 206,324 226,565
EBIT 1 50,731 58,089 69,511 88,361 104,083 110,333
Net income 1 13,127 56,072 45,471 17,042 57,414 36,562
Net Debt 1 711,011 1,015,714 1,147,090 1,075,177 1,163,960 1,218,789
Reference price 2 10,350.00 11,850.00 9,250.00 9,250.00 8,760.00 8,980.00
Nbr of stocks (in thousands) 22,459 22,459 22,578 22,578 22,578 22,578
Announcement Date 3/18/21 3/16/22 3/16/23 3/19/24 3/18/25 3/18/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 163M
6.19x1.18x3.37x7.53% 16.33B
11.11x1.78x6x7.45% 7.51B
44.67x17.97x24.47x1.91% 5.33B
15.68x - - - 4.86B
10.02x3.01x8.16x9.71% 3.93B
11.93x0.79x2.35x4.24% 3.3B
7x3.36x5.39x12.59% 3.37B
4.89x2.46x3.3x - 2.69B
Average 13.94x 4.37x 7.58x 7.24% 5.28B
Weighted average by Cap. 12.98x 3.79x 7.01x 7.13%

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 KSS Line Ltd.