The Discounted Cash Flow (DCF) valuation of BG T&A Co (046310.KQ) is 8,299.03 KRW. With the latest stock price at 2,970.00 KRW, the upside of BG T&A Co based on DCF is 179.4%.

Is 046310.KQ a buy or a sell?

Based on the latest price of 2,970.00 KRW and our DCF valuation, BG T&A Co (046310.KQ) is a buy. Buying 046310.KQ stocks now will result in a potential gain of 179.4%.

	Range	Selected
WACC / Discount Rate	6.5% - 9.6%	8.0%
Long-term Growth Rate	0.0% - 1.0%	0.5%
Fair Price	6,608.2 - 11,249.97	8,299.03
Upside	122.5% - 278.8%	179.4%

2,970.00 KRW

Stock Price

8,299.03 KRW

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

046310.KQ DCF Valuation: Revenue & Expenses Forecast

(KRW in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	152,493	159,491	162,681	167,736	171,091	174,513
% Growth	11%	5%	2%	3%	2%	2%

Cost of goods sold	(111,897)	(117,033)	(119,373)	(123,083)	(125,545)	(128,055)
% of Revenue	73%	73%	73%	73%	73%	73%

Selling, G&A expenses	(18,805)	(19,668)	(20,061)	(20,684)	(21,098)	(21,520)
% of Revenue	12%	12%	12%	12%	12%	12%

Research & Development	(7,625)	(7,975)	(8,134)	(8,387)	(8,555)	(8,726)
% of Revenue	5%	5%	5%	5%	5%	5%

Net interest & other expenses	2,398	2,508	2,558	2,637	2,690	2,744
% of Revenue	2%	2%	2%	2%	2%	2%

Tax expense	1,103	(2,493)	(2,543)	(2,622)	(2,674)	(2,728)
Tax rate	7%	14%	14%	14%	14%	14%

Net profit	17,667	14,831	15,127	15,597	15,909	16,227
% Margin	12%	9%	9%	9%	9%	9%