Company Valuation: HD Construction Equipment Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 772,761 1,132,245 941,111 1,029,682 1,707,989 5,963,778 - -
Change - 46.52% -16.88% 9.41% 65.88% 249.17% - -
Enterprise Value (EV) 1 1,528 1,607 1,298 1,412 2,085 7,087 6,737 6,459
Change - 5.2% -19.25% 8.82% 47.61% 239.97% -4.93% -4.13%
P/E 6.81x 10.2x 6.75x 10.4x 17.3x 9.28x 8.57x 7.38x
PBR 0.58x 0.84x 0.65x 0.62x 0.95x 1.23x 1.08x 0.99x
PEG - 3.82x 0.3x -0.4x 9.4x 0x 1.04x 0.5x
Capitalization / Revenue 0.24x 0.32x 0.25x 0.3x 0.45x 0.63x 0.57x 0.53x
EV / Revenue 0.47x 0.46x 0.34x 0.41x 0.55x 0.75x 0.65x 0.57x
EV / EBITDA 6.72x 6.84x 4x 5.45x 8.79x 7.22x 5.77x 4.74x
EV / EBIT 9.51x 9.43x 5.05x 7.42x 12.2x 9.01x 7.27x 5.74x
EV / FCF -5.87x 8.21x 6.4x 16.4x 96.5x -8.79x 15.8x 9.01x
FCF Yield -17.1% 12.2% 15.6% 6.11% 1.04% -11.4% 6.34% 11.1%
Dividend per Share 3 1,200 1,750 700 500 550 2,600 2,670 3,675
Rate of return 2.96% 2.81% 1.35% 0.86% 0.56% 2.08% 2.14% 2.94%
EPS 3 5,953 6,112 7,659 5,595 5,698 13,457 14,568 16,919
Distribution rate 20.2% 28.6% 9.14% 8.94% 9.65% 19.3% 18.3% 21.7%
Net sales 1 3,284 3,516 3,825 3,438 3,776 9,453 10,404 11,289
EBITDA 1 227.4 235.1 324.3 259 237.2 982 1,167 1,362
EBIT 1 160.7 170.5 257.2 190.4 170.9 786.9 926.4 1,126
Net income 1 126.4 111.6 127.1 85.97 99.4 644.6 691.6 811.1
Net Debt 1 755 474.9 356.6 382.5 376.5 1,123 773.5 495.5
Reference price 3 40,550.00 62,200.00 51,700.00 58,300.00 98,400.00 124,900.00 124,900.00 124,900.00
Nbr of stocks (in thousands) 19,057 18,203 18,203 17,662 17,358 47,748 - -
Announcement Date 04/02/22 06/02/23 23/01/24 22/01/25 06/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.28x0.75x7.22x2.08% 4.15B
33.68x5.39x24.85x0.76% 375B
17.86x1.52x10.09x2.7% 27.59B
12.08x1.13x8.64x3.06% 15.51B
11.69x1.41x10.16x5.72% 9.48B
9.89x0.52x4.17x3.3% 3.98B
9.04x0.5x5.33x3.86% 2.58B
13.13x1.19x7.78x2.98% 2.16B
Average 14.58x 1.55x 9.78x 3.06% 55.09B
Weighted average by Cap. 30.76x 4.77x 22.49x 1.13%

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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