Company Valuation: Doosan Enerbility Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 5,057,403 10,624,828 9,828,466 10,183,396 11,240,164 61,932,982 61,932,982 -
Change - 110.08% -7.5% 3.61% 10.38% 451% 0% -
Enterprise Value (EV) 1 5,057 14,510 13,618 12,172 13,577 65,347 65,023 64,423
Change - 186.9% -6.14% -10.62% 11.54% 381.3% -0.5% -0.92%
P/E ratio -3.15x 19.1x -12.3x 183x 101x 341x 124x 85.9x
PBR - 1.75x 1.38x 1.43x 1.5x 8x 7.69x 7x
PEG - -0x 0x -2x 1x 5.4x 1x 1.9x
Capitalization / Revenue - 0.9x 0.64x 0.58x 0.69x 2.83x 3.46x 3.1x
EV / Revenue - 1.23x 0.88x 0.69x 0.84x 3.9x 3.63x 3.23x
EV / EBITDA - 10.3x 8.63x 6.29x 9.15x 46.7x 37.3x 29.6x
EV / EBIT - 16.3x 12.3x 8.3x 13.3x 72.9x 54.3x 40.2x
EV / FCF - 19.5x 49.3x 7.27x -61.9x 267x 112x 71.5x
FCF Yield - 5.12% 2.03% 13.8% -1.62% 0.37% 0.9% 1.4%
Dividend per Share 3 - - - - - - - 45
Rate of return - - - - - - - 0.05%
EPS 3 -4,279 1,070 -1,249 87 174 283.9 779.8 1,126
Distribution rate - - - - - - - 4%
Net sales 1 - 11,808 15,443 17,590 16,233 17,058 17,922 19,963
EBITDA 1 - 1,415 1,578 1,934 1,484 1,400 1,745 2,179
EBIT 1 - 890.8 1,107 1,467 1,018 762.7 1,198 1,604
Net income 1 -838.4 645.8 -460.4 517.5 381.2 205.2 457 717.8
Net Debt 1 - 3,885 3,790 1,989 2,337 3,414 3,090 2,490
Reference price 3 13,500.00 20,400.00 15,400.00 15,900.00 17,550.00 96,700.00 96,700.00 96,700.00
Nbr of stocks (in thousands) 374,622 520,825 638,212 640,465 640,465 640,465 640,465 -
Announcement Date 19/03/21 11/02/22 09/02/23 31/01/24 24/01/25 11/02/26 - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
340.67x3.9x46.68x - 42.93B
36.11x4.97x24.27x1.16% 165B
147.52x12.34x80.39x-.--% 39.2B
70.47x0.81x18.99x0.48% 17.64B
45.45x3.88x29.37x0.34% 15.39B
69.64x4.15x37.57x0.49% 13.61B
72.39x8.87x56.43x0.64% 13.55B
88.85x8.26x63.81x0.26% 11.83B
52.45x - - 0.83% 10.77B
Average 102.62x 5.90x 44.69x 0.52% 36.71B
Weighted average by Cap. 96.46x 5.70x 37.51x 0.81%

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

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