Company Valuation: VM Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 308,229 151,347 687,542 1,307,961 - -
Change - -50.9% 354.28% 90.24% - -
Enterprise Value (EV) 1 308.2 151.3 577.6 1,172 1,135 974.6
Change - -50.9% 281.65% 102.87% -3.16% -14.12%
P/E -49.5x -82.8x 26.7x 16.9x 12.4x 10.5x
PBR - - 4.17x 5.39x 4.11x 2.8x
PEG - 1.2x -0x 0x 0.3x 0.6x
Capitalization / Revenue 11.9x 2.15x 4.76x 4.24x 3.36x 2.88x
EV / Revenue 11.9x 2.15x 4x 3.8x 2.91x 2.15x
EV / EBITDA - - 19.4x 12.2x 8.55x 6.03x
EV / EBIT - -24.2x 20.6x 12.7x 9.1x 6.37x
EV / FCF - - 46.6x 19x 18.6x 6.86x
FCF Yield - - 2.15% 5.27% 5.39% 14.6%
Dividend per Share 3 - - - 290 900 330
Rate of return - - - 0.55% 1.7% 0.63%
EPS 3 -285 -83 1,132 3,130 4,250 5,032
Distribution rate - - - 9.27% 21.2% 6.56%
Net sales 1 26.01 70.28 144.4 308.4 389.4 454.3
EBITDA 1 - - 29.81 96.15 132.8 161.7
EBIT 1 - -6.244 28.05 92.05 124.7 153.1
Net income 1 -6.151 -1.839 26.13 79.45 104.7 127.6
Net Debt 1 - - -109.9 -136.2 -173.2 -333.4
Reference price 3 14,100.00 6,870.00 30,200.00 52,800.00 52,800.00 52,800.00
Nbr of stocks (in thousands) 21,860 22,030 22,766 24,772 - -
Announcement Date 3/20/24 3/21/25 3/19/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.58x3.73x11.96x0.56% 947M
33.05x10.03x29x0.45% 346B
63.89x9.37x49.63x0.14% 70.83B
64x18.77x82.28x0.13% 48.61B
33.56x8.8x22.85x0.52% 44.23B
31.09x9.82x20.62x1.28% 37.67B
69.94x21.07x80.1x0.14% 27.61B
34.24x3.19x9.71x0.45% 24.44B
77.78x15.18x73.48x0.32% 20.21B
74.49x19.79x70.26x0.18% 18.45B
Average 49.86x 11.98x 44.99x 0.42% 63.89B
Weighted average by Cap. 42.97x 11.18x 38.46x 0.42%

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