The Discounted Cash Flow (DCF) valuation of Noroo Holdings Co Ltd (000320.KS) is 56,142 KRW. With the latest stock price at 24,900 KRW, the upside of Noroo Holdings Co Ltd based on DCF is 125.5%.
Based on the latest price of 24,900 KRW and our DCF valuation, Noroo Holdings Co Ltd (000320.KS) is a buy. Buying 000320.KS stocks now will result in a potential gain of 125.5%.
Range | Selected | |
WACC / Discount Rate | 6.1% - 9.4% | 7.7% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 44,153.83 - 78,438.14 | 56,142.07 |
Upside | 77.3% - 215.0% | 125.5% |
(KRW in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 1,247,878 | 1,267,935 | 1,307,840 | 1,333,997 | 1,365,996 | 1,443,189 |
% Growth | 3% | 2% | 3% | 2% | 2% | 6% |
Cost of goods sold | (940,058) | (955,167) | (985,229) | (1,004,934) | (1,029,039) | (1,087,190) |
% of Revenue | 75% | 75% | 75% | 75% | 75% | 75% |
Selling, G&A expenses | (208,875) | (212,233) | (218,912) | (223,291) | (228,647) | (241,567) |
% of Revenue | 17% | 17% | 17% | 17% | 17% | 17% |
Research & Development | (13,261) | (13,474) | (13,899) | (14,177) | (14,517) | (15,337) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Net interest & other expenses | 17,942 | 18,230 | 18,804 | 19,180 | 19,640 | 20,750 |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (20,753) | (23,315) | (24,049) | (24,530) | (25,119) | (26,538) |
Tax rate | 20% | 22% | 22% | 22% | 22% | 22% |
Net profit | 82,872 | 81,975 | 84,555 | 86,246 | 88,315 | 93,306 |
% Margin | 7% | 6% | 6% | 6% | 6% | 6% |