Company Valuation: SOCAR Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 711,783 504,939 597,632 376,697 427,433 - -
Change - -29.06% 18.36% -36.97% 13.47% - -
Enterprise Value (EV) 1 861.6 782 892.3 578.9 690 689 684.3
Change - -9.24% 14.11% -35.13% 19.2% -0.14% -0.68%
P/E -36.4x -11.9x -19.3x -20.5x 47.2x 26.8x 19x
PBR 2.87x 2.38x 3.26x 2.28x 1.84x 1.75x 1.62x
PEG 0x -0x 0.7x 0.5x -0x 0.4x 0.5x
Capitalization / Revenue 1.79x 1.27x 1.38x 0.8x 0.84x 0.8x 0.77x
EV / Revenue 2.17x 1.96x 2.07x 1.23x 1.36x 1.28x 1.23x
EV / EBITDA 9.67x 10.3x 9.46x 4.74x 5.46x 5.29x 5.12x
EV / EBIT 91.4x -80.6x -91x 24.9x 23.5x 19.5x 16.9x
EV / FCF -12.4x -6.95x -58.6x 16.9x -531x 119x 70.5x
FCF Yield -8.09% -14.4% -1.71% 5.92% -0.19% 0.84% 1.42%
Dividend per Share 3 - - - - - - -
Rate of return - - - - - - -
EPS 3 -597 -1,292 -945 -560 240 423 596
Distribution rate - - - - - - -
Net sales 1 397.6 398.5 431.8 470.7 508 537.3 557
EBITDA 1 89.09 76.23 94.35 122 126.3 130.3 133.7
EBIT 1 9.423 -9.699 -9.801 23.25 29.4 35.3 40.5
Net income 1 -18.14 -41.53 -31.09 -18.4 8.6 16 22.6
Net Debt 1 149.8 277 294.7 202.2 262.6 261.6 256.9
Reference price 3 21,750.00 15,400.00 18,200.00 11,470.00 11,330.00 11,330.00 11,330.00
Nbr of stocks (in thousands) 32,726 32,788 32,837 32,842 37,726 - -
Announcement Date 2/15/23 2/20/24 2/20/25 2/25/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.21x1.36x5.46x - 317M
9.07x1.5x4.74x6.07% 7.9B
266.79x0.8x11.04x-.--% 4.9B
10.35x1.45x4.48x5.05% 3.7B
13.15x1.97x4.22x2.36% 1.37B
12x1.85x2.95x3.55% 878M
-3.15x2.01x78.37x-.--% 820M
5.55x1.36x3.3x3.41% 635M
18.74x1.71x4.27x1.38% 409M
Average 42.19x 1.56x 13.20x 2.73% 2.33B
Weighted average by Cap. 70.21x 1.39x 8.90x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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