114810.KQ
IONES Co Ltd
Price:  
9,440 
KRW
Volume:  
132,251
Korea, Republic of | Semiconductors & Semiconductor Equipment

114810.KQ DCF Valuation - Growth Exit 5Y

35.5 %
Upside

What is the DCF valuation of 114810.KQ?

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%.

Is 114810.KQ a buy or a sell?

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 Rate9.1% - 11.7%10.4%
Long-term Growth Rate 0.0% - 1.0%0.5%
Fair Price10,899.33 - 15,506.1212,788.84
Upside15.5% - 64.3%35.5%
9,440.00 KRW
Stock Price
12,788 KRW
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

114810.KQ DCF Valuation: Revenue & Expenses Forecast

(KRW in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue157,138191,329218,805249,362272,351292,534
% Growth
27%22%14%14%9%7%
Cost of goods sold(109,533)(133,365)(152,518)(173,817)(189,842)(203,911)
% of Revenue70%70%70%70%70%70%
Selling, G&A expenses(21,130)(25,727)(29,422)(33,531)(36,622)(39,336)
% of Revenue13%13%13%13%13%13%
Research & Development(2,066)(2,515)(2,876)(3,278)(3,580)(3,846)
% of Revenue1%1%1%1%1%1%
Net interest & other expenses12,99015,81618,08720,61322,51424,182
% of Revenue8%8%8%8%8%8%
Tax expense(6,327)(10,473)(11,976)(13,649)(14,907)(16,012)
Tax rate17%23%23%23%23%23%
Net profit31,07335,06540,10045,70049,91353,612
% Margin20%18%18%18%18%18%