Company Valuation: FreeT, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 211,011 344,264 143,325 140,686 179,475 79,114
Change - 63.15% -58.37% -1.84% 27.57% -55.92%
Enterprise Value (EV) 1 215,613 347,051 150,061 148,052 189,251 100,438
Change - 60.96% -56.76% -1.34% 27.83% -46.93%
P/E 22.2x 63.2x -19.5x -4.6x 59.4x -1.86x
PBR 4.92x 5.23x 2.28x 3.67x 3.79x 5.22x
PEG - -1.3x 0x -0x -1x 0x
Capitalization / Revenue 3.65x 4.8x 1.87x 1.41x 1.79x 0.75x
EV / Revenue 3.73x 4.84x 1.96x 1.48x 1.88x 0.95x
EV / EBITDA 243x -77.8x -41.4x -167x -64x -17.3x
EV / EBIT -249x -62x -30.2x -60x -38.8x -12.7x
EV / FCF -44x -210x -36.8x -102x -94.2x -9.4x
FCF Yield -2.28% -0.48% -2.72% -0.98% -1.06% -10.6%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 475.8 250 -331 -1,334 127.4 -1,705
Distribution rate - - - - - -
Net sales 1 57,818 71,666 76,678 99,811 100,534 105,558
EBITDA 1 887 -4,463 -3,626 -888.3 -2,959 -5,794
EBIT 1 -866.4 -5,595 -4,974 -2,466 -4,880 -7,881
Net income 1 9,306 5,304 -7,231 -30,177 2,979 -41,557
Net Debt 1 4,602 2,787 6,736 7,367 9,776 21,324
Reference price 2 10,550.00 15,800.00 6,450.00 6,135.00 7,575.00 3,165.00
Nbr of stocks (in thousands) 20,001 21,789 22,221 22,932 23,693 24,996
Announcement Date 22/03/21 21/03/22 22/03/23 21/03/24 21/03/25 07/04/26
1KRW in Million2KRW
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 18.78M
29.72x5.37x9.41x1.72% 125B
19.65x2.16x8.28x3.74% 72B
11.37x1.7x3.63x3.07% 21.6B
-222.82x8.79x10.96x3.04% 20.67B
25.9x3.04x6.86x3.9% 20.03B
-9.05x6.96x15.54x-.--% 17.11B
14.1x2.75x7.16x4.63% 13.79B
11.39x4.81x10.4x6.57% 12.45B
12.91x3.38x6.29x6.47% 11.45B
Average -11.87x 4.33x 8.73x 3.68% 31.37B
Weighted average by Cap. 5.11x 4.33x 8.85x 2.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA