Company Valuation: NC Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,200,409 9,097,733 4,883,939 3,620,623 3,907,630 4,353,601 - -
Change - -31.08% -46.32% -25.87% 7.93% 11.41% - -
Enterprise Value (EV) 1 11,912 7,290 3,408 2,561 3,270 2,875 2,613 2,243
Change - -38.8% -53.25% -24.85% 27.65% -12.07% -9.1% -14.17%
P/E 33.3x 20.9x 23x 38.7x 11.3x 10.1x 9.87x 9.28x
PBR 4.2x 2.85x 1.5x 1.22x 1.16x 1.24x 1.1x 1x
PEG - 1.9x -0.4x -0.7x 0x 0.4x 3.88x 1.47x
Capitalization / Revenue 5.74x 3.54x 2.74x 2.29x 2.59x 1.57x 1.44x 1.33x
EV / Revenue 5.18x 2.83x 1.91x 1.62x 2.17x 1.04x 0.86x 0.69x
EV / EBITDA 25.4x 11x 13.7x -66,701x 29.3x 4.67x 4.01x 3.22x
EV / EBIT 31.7x 13x 24.8x -23.5x 203x 5.85x 4.81x 3.82x
EV / FCF 114x 15x 151x 112x 55.9x 6.7x 5.76x 4.26x
FCF Yield 0.88% 6.67% 0.66% 0.89% 1.79% 14.9% 17.4% 23.5%
Dividend per Share 3 5,860 5,860 3,130 1,460 1,150 2,864 4,009 5,421
Rate of return 0.91% 1.31% 1.3% 0.8% 0.57% 1.28% 1.79% 2.41%
EPS 3 19,318 21,456 10,446 4,728 17,876 22,188 22,753 24,189
Distribution rate 30.3% 27.3% 30% 30.9% 6.43% 12.9% 17.6% 22.4%
Net sales 1 2,300 2,572 1,780 1,578 1,507 2,766 3,033 3,267
EBITDA 1 468.9 664.9 249.2 -0.0384 111.7 614.9 651.1 697.5
EBIT 1 375.2 559 137.3 -109.2 16.08 491.3 543.2 587.7
Net income 1 396.9 452.3 212.1 94.22 346.7 456.9 472.7 499.4
Net Debt 1 -1,289 -1,807 -1,476 -1,059 -638.1 -1,479 -1,740 -2,111
Reference price 3 643,000.00 448,000.00 240,500.00 183,100.00 201,500.00 224,500.00 224,500.00 224,500.00
Nbr of stocks (in thousands) 20,529 20,307 20,307 19,774 19,393 19,392 - -
Announcement Date 15/02/22 08/02/23 07/02/24 11/02/25 10/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.12x1.04x4.67x1.28% 3.14B
15.03x3.15x7.8x2.46% 82.48B
20.58x3.7x13.11x15.08% 15.27B
10.87x1.42x4.17x1.02% 7.02B
25.82x2.46x11.58x1.73% 6.62B
13.04x2.23x10.25x6.24% 6.08B
14.22x3.31x8.9x5.21% 4.1B
15.28x5.2x12.32x3.29% 3.51B
19.63x2.39x11.83x2.77% 3.23B
9.85x1.83x5.64x0.93% 2.56B
Average 15.44x 2.67x 9.03x 4% 13.4B
Weighted average by Cap. 15.76x 3.01x 8.65x 4.01%

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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