009160.KS
SIMPAC Inc
Price:  
5,200 
KRW
Volume:  
98,961
Korea, Republic of | Machinery

009160.KS DCF Valuation - Growth Exit 5Y

-19.3 %
Upside

What is the DCF valuation of 009160.KS?

The Discounted Cash Flow (DCF) valuation of SIMPAC Inc (009160.KS) is 4,196.41 KRW. With the latest stock price at 5,200.00 KRW, the upside of SIMPAC Inc based on DCF is -19.3%.

Is 009160.KS a buy or a sell?

Based on the latest price of 5,200.00 KRW and our DCF valuation, SIMPAC Inc (009160.KS) is a sell. Selling 009160.KS stocks now will result in a potential gain of 19.3%.

Range Selected
WACC / Discount Rate5.3% - 7.5%6.4%
Long-term Growth Rate 1.0% - 3.0%2.0%
Fair Price2,271.98 - 9,735.694,196.41
Upside-56.3% - 87.2%-19.3%
5,200.00 KRW
Stock Price
4,196.41 KRW
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

009160.KS DCF Valuation: Revenue & Expenses Forecast

(KRW in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue785,062864,164931,034971,8841,030,4151,072,581
% Growth
29%10%8%4%6%4%
Cost of goods sold(709,617)(781,118)(841,561)(878,485)(931,392)(969,506)
% of Revenue90%90%90%90%90%90%
Selling, G&A expenses(48,541)(53,432)(57,567)(60,093)(63,712)(66,319)
% of Revenue6%6%6%6%6%6%
Research & Development000000
% of Revenue0%0%0%0%0%0%
Net interest & other expenses11,04812,16113,10213,67714,50015,094
% of Revenue1%1%1%1%1%1%
Tax expense(10,496)(8,511)(9,170)(9,572)(10,148)(10,564)
Tax rate28%20%20%20%20%20%
Net profit27,45533,26435,83837,41039,66341,286
% Margin3%4%4%4%4%4%