The Discounted Cash Flow (DCF) valuation of IONES Co Ltd (114810.KQ) is 12,788 KRW. With the latest stock price at 9,440.00 KRW, the upside of IONES Co Ltd based on DCF is 35.5%.
Based on the latest price of 9,440.00 KRW and our DCF valuation, IONES Co Ltd (114810.KQ) is a buy. Buying 114810.KQ stocks now will result in a potential gain of 35.5%.
Range | Selected | |
WACC / Discount Rate | 9.1% - 11.7% | 10.4% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 10,899.33 - 15,506.12 | 12,788.84 |
Upside | 15.5% - 64.3% | 35.5% |
(KRW in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 157,138 | 191,329 | 218,805 | 249,362 | 272,351 | 292,534 |
% Growth | 27% | 22% | 14% | 14% | 9% | 7% |
Cost of goods sold | (109,533) | (133,365) | (152,518) | (173,817) | (189,842) | (203,911) |
% of Revenue | 70% | 70% | 70% | 70% | 70% | 70% |
Selling, G&A expenses | (21,130) | (25,727) | (29,422) | (33,531) | (36,622) | (39,336) |
% of Revenue | 13% | 13% | 13% | 13% | 13% | 13% |
Research & Development | (2,066) | (2,515) | (2,876) | (3,278) | (3,580) | (3,846) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Net interest & other expenses | 12,990 | 15,816 | 18,087 | 20,613 | 22,514 | 24,182 |
% of Revenue | 8% | 8% | 8% | 8% | 8% | 8% |
Tax expense | (6,327) | (10,473) | (11,976) | (13,649) | (14,907) | (16,012) |
Tax rate | 17% | 23% | 23% | 23% | 23% | 23% |
Net profit | 31,073 | 35,065 | 40,100 | 45,700 | 49,913 | 53,612 |
% Margin | 20% | 18% | 18% | 18% | 18% | 18% |