The Discounted Cash Flow (DCF) valuation of Bohae Brewery Co Ltd (000890.KS) is 717.12 KRW. With the latest stock price at 487.00 KRW, the upside of Bohae Brewery Co Ltd based on DCF is 47.3%.
Based on the latest price of 487.00 KRW and our DCF valuation, Bohae Brewery Co Ltd (000890.KS) is a buy. Buying 000890.KS stocks now will result in a potential gain of 47.3%.
Range | Selected | |
WACC / Discount Rate | 5.2% - 7.0% | 6.1% |
Long-term Growth Rate | 0.5% - 1.5% | 1.0% |
Fair Price | 565.71 - 983.5 | 717.12 |
Upside | 16.2% - 102.0% | 47.3% |
(KRW in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 87,624 | 81,245 | 82,870 | 84,527 | 86,670 | 88,403 |
% Growth | 6% | -7% | 2% | 2% | 3% | 2% |
Cost of goods sold | (60,612) | (56,199) | (57,323) | (58,469) | (59,952) | (61,151) |
% of Revenue | 69% | 69% | 69% | 69% | 69% | 69% |
Selling, G&A expenses | (23,123) | (21,440) | (21,868) | (22,306) | (22,871) | (23,329) |
% of Revenue | 26% | 26% | 26% | 26% | 26% | 26% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | 3,706 | 3,436 | 3,505 | 3,575 | 3,666 | 3,739 |
% of Revenue | 4% | 4% | 4% | 4% | 4% | 4% |
Tax expense | (910) | (1,761) | (1,796) | (1,832) | (1,878) | (1,916) |
Tax rate | 12% | 25% | 25% | 25% | 25% | 25% |
Net profit | 6,686 | 5,282 | 5,388 | 5,495 | 5,635 | 5,747 |
% Margin | 8% | 7% | 7% | 7% | 7% | 7% |