The Discounted Cash Flow (DCF) valuation of KoreaSE Corp (101670.KQ) is (7,444. KRW. With the latest stock price at 1,325.00 KRW, the upside of KoreaSE Corp based on DCF is -661.9%.

Is 101670.KQ a buy or a sell?

Based on the latest price of 1,325.00 KRW and our DCF valuation, KoreaSE Corp (101670.KQ) is a sell. Selling 101670.KQ stocks now will result in a potential gain of 661.9%.

Note: valuation result may not be accurate due to the company's negative earnings.

	Range	Selected
WACC / Discount Rate	5.4% - 7.4%	6.4%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	(41,268.80) - (4,193.02)	(7,444.86)
Upside	-3214.6% - -416.5%	-661.9%

1,325.00 KRW

Stock Price

(7,444. KRW

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

101670.KQ DCF Valuation: Revenue & Expenses Forecast

(KRW in millions)		Projections

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

Revenue	8,466	8,920	9,098	9,280	9,768	10,321
% Growth	63%	5%	2%	2%	5%	6%

Cost of goods sold	(10,733)	(10,743)	(10,410)	(10,087)	(10,087)	(10,125)
% of Revenue	127%	120%	114%	109%	103%	98%

Selling, G&A expenses	12,697	13,377	13,645	13,918	14,649	15,478
% of Revenue	150%	150%	150%	150%	150%	150%

Research & Development	(381)	(402)	(410)	(418)	(440)	(465)
% of Revenue	5%	5%	5%	5%	5%	5%

Net interest & other expenses	(25,142)	(26,490)	(27,020)	(27,560)	(29,009)	(30,650)
% of Revenue	297%	297%	297%	297%	297%	297%

Tax expense	(2,556)	2,597	2,556	2,517	2,560	2,614
Tax rate	17%	17%	17%	17%	17%	17%

Net profit	(17,650)	(12,741)	(12,541)	(12,350)	(12,559)	(12,826)
% Margin	-208%	-143%	-138%	-133%	-129%	-124%