Company Valuation: COWIN ROBOTICS Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,94,456 2,23,749 3,04,155 1,47,017 1,83,709 1,10,714 - -
Change - -24.01% 35.94% -51.66% 24.96% -39.73% - -
Enterprise Value (EV) 1 286.2 223.7 249.6 146.9 221 173.4 208.2 224
Change - -21.82% 11.57% -41.17% 50.51% -21.54% 20.07% 7.59%
P/E 38x 43.9x 23.9x 8.83x 106x 39.9x 13.7x 12.8x
PBR 2.01x - 1.81x 0.81x 1.07x 0.62x 0.6x 0.58x
PEG - -1.3x 0x 0.3x -1.2x 0.7x 0x 1.72x
Capitalization / Revenue 2.76x 1.11x 0.93x 0.6x 1.19x 0.46x 0.42x 0.36x
EV / Revenue 2.69x 1.11x 0.76x 0.6x 1.43x 0.71x 0.79x 0.74x
EV / EBITDA 33x 12.1x 10.9x 15.6x -11.6x 30.4x 10.5x 10.6x
EV / EBIT 43x 15.1x 11.9x 20x -8.67x -30.2x 13.9x 13.2x
EV / FCF -29.5x - 126x -2.64x -14.5x -2.43x -18.8x -17.4x
FCF Yield -3.39% - 0.79% -37.9% -6.89% -41.2% -5.33% -5.76%
Dividend per Share 3 89.72 - 238 196.1 - 250 250 250
Rate of return 0.32% - 0.89% 1.53% - 2.6% 2.6% 2.6%
EPS 3 734.8 484.2 1,118 1,451 151 240.5 699 751
Distribution rate 12.2% - 21.3% 13.5% - 104% 35.8% 33.3%
Net sales 1 106.5 201.2 328.6 244.4 154.8 242.9 264.6 304.4
EBITDA 1 8.668 18.57 22.82 9.406 -19.01 5.7 19.8 21.1
EBIT 1 6.654 14.78 20.97 7.336 -25.49 -5.75 15 17
Net income 1 8.576 4.945 21.37 14.28 1.701 2.8 8.2 8.8
Net Debt 1 -8.245 - -54.52 -0.1606 37.33 62.7 97.5 113.3
Reference price 3 27,947.71 21,254.61 26,699.03 12,813.73 16,030.00 9,600.00 9,600.00 9,600.00
Nbr of stocks (in thousands) 10,536 10,527 11,392 11,473 11,460 11,533 - -
Announcement Date 28/02/22 09/03/23 21/02/24 14/02/25 12/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.42x0.72x30.67x2.57% 8.34Cr
29.21x5.22x19.04x0.9% 11TCr
30.16x4.74x17.92x1.77% 8.81TCr
29.2x3.33x19.26x0.71% 6.32TCr
41.3x6.45x28.44x1.85% 5.91TCr
38.2x7.73x22.64x-.--% 5.72TCr
23.51x4.55x15.61x2.64% 3.41TCr
29.75x3.93x14.84x0.11% 2.93TCr
22.25x3.23x13.91x1.05% 2.74TCr
23.79x2.89x12.46x1.58% 2.14TCr
Average 30.78x 4.28x 19.48x 1.32% 4.94TCr
Weighted average by Cap. 30.89x 5.00x 19.36x 1.15%

Y-o-Y evolution of P/E

Valuation ratios - P/E - COWIN ROBOTICS Co., Ltd

Historical PBR trend

Valuation ratios - PBR - COWIN ROBOTICS Co., Ltd

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - COWIN ROBOTICS Co., Ltd

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - COWIN ROBOTICS Co., Ltd


Year-on-year evolution of the Yield

Valuation ratios - Yield - COWIN ROBOTICS Co., Ltd
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