Company Valuation: LF Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 418,362 490,935 452,514 377,664 429,113 486,381
Change - 17.35% -7.83% -16.54% 13.62% 13.35%
Enterprise Value (EV) 1 614,546 490,986 418,616 614,826 679,205 988,653
Change - -20.11% -14.74% 46.87% 10.47% 45.56%
P/E 24.3x 4.14x 2.97x 4.58x 5.75x 5x
PBR 0.34x 0.37x 0.31x 0.25x 0.27x 0.3x
PEG - 0x 0.1x -0.1x -0.81x 0.1x
Capitalization / Revenue 0.26x 0.27x 0.23x 0.2x 0.22x 0.26x
EV / Revenue 0.38x 0.27x 0.21x 0.32x 0.35x 0.53x
EV / EBITDA 3.75x 2.08x 1.58x 4.21x 3.19x 3.9x
EV / EBIT 7.93x 3.1x 2.26x 10.7x 5.42x 5.89x
EV / FCF 4.32x 3.62x -4.46x -3.16x -12.2x 19.1x
FCF Yield 23.2% 27.6% -22.4% -31.6% -8.19% 5.23%
Dividend per Share 2 500 600 700 700 700 -
Rate of return 3.4% 3.48% 4.4% 5.28% 4.52% -
EPS 2 604.8 4,169 5,351 2,899 2,694 3,646
Distribution rate 82.7% 14.4% 13.1% 24.1% 26% -
Net sales 1 1,610,460 1,793,104 1,968,540 1,900,726 1,956,268 1,882,430
EBITDA 1 163,670 236,421 264,817 146,159 213,113 253,413
EBIT 1 77,491 158,582 184,889 57,651 125,331 167,972
Net income 1 17,310 118,640 152,282 82,514 75,471 98,893
Net Debt 1 196,184 51.14 -33,898 237,161 250,092 502,272
Reference price 2 14,700.00 17,250.00 15,900.00 13,270.00 15,500.00 18,240.00
Nbr of stocks (in thousands) 28,460 28,460 28,460 28,460 27,685 26,666
Announcement Date 3/18/21 3/18/22 3/20/23 3/20/24 3/18/25 3/18/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 393M
22.46x3.33x11.19x2.61% 280B
21.12x2.73x13.9x0.99% 23.07B
20.8x3.96x9.67x2.74% 15.4B
10.55x1.02x4.9x-.--% 13.23B
13.5x2.07x8.73x1.99% 9.44B
15.48x1.54x10.09x2.51% 9.17B
15.77x0.98x9.28x2.19% 6.48B
Average 17.10x 2.23x 9.68x 1.86% 44.61B
Weighted average by Cap. 21.32x 3.11x 10.94x 2.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA