Company Valuation: LS Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,502,199 1,913,867 2,559,144 2,578,873 5,466,773 8,190,588 - -
Change - 27.4% 33.72% 0.77% 111.98% 49.82% - -
Enterprise Value (EV) 1 4,976 7,370 8,315 9,237 13,372 15,257 15,427 14,911
Change - 48.11% 12.82% 11.09% 44.77% 14.09% 1.12% -3.35%
P/E 5.38x 4.31x 5.78x 10.9x 20.3x 14.4x 11.5x 9.66x
PBR 0.42x 0.49x 0.54x 0.56x 1.09x 1.71x 1.53x 1.36x
PEG - 0.1x -19.47x -0.2x 1.5x 0x 0.4x 0.5x
Capitalization / Revenue 0.11x 0.11x 0.1x 0.09x 0.17x 0.2x 0.19x 0.18x
EV / Revenue 0.38x 0.42x 0.34x 0.34x 0.42x 0.37x 0.36x 0.33x
EV / EBITDA 5.47x 7.3x 6.37x 5.94x 8.53x 5.92x 5.64x 4.72x
EV / EBIT 8.24x 11.4x 9.24x 8.6x 12.7x 7.38x 7.34x 6.06x
EV / FCF -11.4x -444x -35.9x -327x -14.2x -23.9x 27.2x 16.9x
FCF Yield -8.77% -0.23% -2.79% -0.31% -7.04% -4.18% 3.68% 5.9%
Dividend per Share 3 1,450 1,450 1,550 1,600 1,650 2,529 2,593 2,629
Rate of return 2.68% 2.08% 1.66% 1.7% 0.83% 0.84% 0.87% 0.88%
EPS 3 10,056 16,165 16,117 8,677 9,857 20,769 26,131 30,998
Distribution rate 14.4% 8.97% 9.62% 18.4% 16.7% 12.2% 9.92% 8.48%
Net sales 1 13,096 17,493 24,516 27,545 31,825 41,599 42,385 45,127
EBITDA 1 909 1,009 1,305 1,554 1,568 2,577 2,735 3,158
EBIT 1 604 645.3 899.9 1,074 1,056 2,066 2,100 2,460
Net income 1 277.8 524.6 541.7 238.4 269.9 653.6 810.9 964.3
Net Debt 1 3,474 5,456 5,756 6,658 7,905 7,066 7,236 6,720
Reference price 3 54,100.00 69,700.00 93,200.00 94,300.00 199,900.00 299,500.00 299,500.00 299,500.00
Nbr of stocks (in thousands) 27,767 27,459 27,459 27,348 27,348 27,348 - -
Announcement Date 2/14/22 2/14/23 2/5/24 2/5/25 2/2/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.42x0.37x5.92x0.84% 6.08B
26.26x1.7x13.37x0.83% 41.52B
35.39x6.41x27.37x - 8.09B
19.31x0.99x8.27x2.29% 6.94B
18.67x2.22x12.61x1.59% 5.66B
51.93x3.81x36.94x0.12% 4.91B
58.69x2x37.54x - 4.69B
16.36x1.95x11.19x1.9% 4.17B
Average 30.13x 2.43x 19.15x 1.26% 10.26B
Weighted average by Cap. 28.06x 2.20x 16.40x 1.05%

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