The Discounted Cash Flow (DCF) valuation of BH Co Ltd (090460.KQ) is 30,399 KRW. With the latest stock price at 12,920 KRW, the upside of BH Co Ltd based on DCF is 135.3%.
Based on the latest price of 12,920 KRW and our DCF valuation, BH Co Ltd (090460.KQ) is a buy. Buying 090460.KQ stocks now will result in a potential gain of 135.3%.
Range | Selected | |
WACC / Discount Rate | 9.0% - 11.2% | 10.1% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 25,487 - 37,306.07 | 30,399.14 |
Upside | 97.3% - 188.7% | 135.3% |
(KRW in millions) | Projections | |||||
12-2022 | 12-2023 | 12-2024 | 12-2025 | 12-2026 | 12-2027 | |
Revenue | 1,681,054 | 1,709,389 | 1,924,075 | 2,150,595 | 2,193,607 | 2,237,479 |
% Growth | 62% | 2% | 13% | 12% | 2% | 2% |
Cost of goods sold | (1,488,199) | (1,513,283) | (1,703,340) | (1,903,873) | (1,941,950) | (1,980,789) |
% of Revenue | 89% | 89% | 89% | 89% | 89% | 89% |
Selling, G&A expenses | (57,441) | (58,410) | (65,745) | (73,486) | (74,955) | (76,454) |
% of Revenue | 3% | 3% | 3% | 3% | 3% | 3% |
Research & Development | (115) | (117) | (131) | (147) | (150) | (153) |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | 29,158 | 29,649 | 33,373 | 37,302 | 38,048 | 38,809 |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Tax expense | (23,792) | (36,347) | (40,912) | (45,728) | (46,643) | (47,576) |
Tax rate | 14% | 22% | 22% | 22% | 22% | 22% |
Net profit | 140,665 | 130,882 | 147,319 | 164,663 | 167,956 | 171,316 |
% Margin | 8% | 8% | 8% | 8% | 8% | 8% |