Company Valuation: Winix Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 387,321 324,497 177,049 167,248 73,191 88,840
Change - -16.22% -45.44% -5.54% -56.24% 21.38%
Enterprise Value (EV) 1 428,550 429,375 296,638 233,634 177,170 285,410
Change - 0.19% -30.91% -21.24% -24.17% 61.09%
P/E 9.53x 16.4x 81.2x 16.7x -1.65x -4.85x
PBR 2.04x 1.62x 0.88x 0.8x 0.43x 0.61x
PEG - -0.3x -0.9x 0x 0x 0.1x
Capitalization / Revenue 1.01x 0.81x 0.54x 0.45x 0.21x 0.24x
EV / Revenue 1.12x 1.07x 0.9x 0.62x 0.5x 0.77x
EV / EBITDA 7.07x 12x 19x 12x 22.5x -6.92x
EV / EBIT 8.25x 16.8x 79.1x 35.8x -30.2x -4.7x
EV / FCF -19.5x -7.64x -10.5x 4.37x -18x -4.39x
FCF Yield -5.12% -13.1% -9.51% 22.9% -5.56% -22.8%
Dividend per Share 2 500 500 400 300 300 -
Rate of return 2.11% 2.45% 3.57% 2.84% 6.48% -
EPS 2 2,487 1,245 137.9 632.7 -2,810 -1,160
Distribution rate 20.1% 40.2% 290% 47.4% -10.7% -
Net sales 1 382,343 400,233 328,991 375,301 351,199 369,536
EBITDA 1 60,573 35,852 15,593 19,438 7,857 -41,218
EBIT 1 51,957 25,565 3,752 6,521 -5,876 -60,672
Net income 1 42,415 19,982 2,180 10,001 -44,415 -18,330
Net Debt 1 41,230 104,877 119,589 66,386 103,980 196,570
Reference price 2 23,700.00 20,400.00 11,200.00 10,580.00 4,630.00 5,620.00
Nbr of stocks (in thousands) 16,343 15,907 15,808 15,808 15,808 15,808
Announcement Date 3/19/21 3/21/22 3/21/23 3/20/24 3/18/25 3/23/26
1KRW in Million2KRW
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 44.14M
7.67x1.07x5.25x7.21% 33.48B
10.85x0.27x4.92x4.78% 4.9B
15.72x1.18x9.6x1.86% 4.82B
9.53x1.56x6.11x3.4% 4.43B
13.44x0.9x9.85x0.76% 3.97B
158.43x0.5x8.2x2.48% 2.36B
10.47x1.25x7.94x6.77% 2.16B
14.81x - - 5.91% 2.15B
21.62x - - 1.98% 1.95B
Average 29.17x 0.96x 7.41x 3.91% 6.03B
Weighted average by Cap. 15.81x 1.02x 6.22x 5.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA