The Discounted Cash Flow (DCF) valuation of Saehwa IMC Co Ltd (145210.KS) is 718.59 KRW. With the latest stock price at 905.00 KRW, the upside of Saehwa IMC Co Ltd based on DCF is -20.6%.

Is 145210.KS a buy or a sell?

Based on the latest price of 905.00 KRW and our DCF valuation, Saehwa IMC Co Ltd (145210.KS) is a sell. Selling 145210.KS stocks now will result in a potential gain of 20.6%.

	Range	Selected
WACC / Discount Rate	6.6% - 8.2%	7.4%
Long-term Growth Rate	2.0% - 4.0%	3.0%
Fair Price	268.46 - 1,784.94	718.59
Upside	-70.3% - 97.2%	-20.6%

905.00 KRW

Stock Price

718.59 KRW

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

145210.KS DCF Valuation: Revenue & Expenses Forecast

(KRW in millions)		Projections

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

Revenue	62,574	64,479	65,768	67,084	68,425	69,794
% Growth	7%	3%	2%	2%	2%	2%

Cost of goods sold	(51,169)	(50,091)	(48,538)	(47,034)	(45,575)	(44,163)
% of Revenue	82%	78%	74%	70%	67%	63%

Selling, G&A expenses	(13,148)	(13,548)	(13,819)	(14,096)	(14,377)	(14,665)
% of Revenue	21%	21%	21%	21%	21%	21%

Research & Development	(632)	(651)	(664)	(678)	(691)	(705)
% of Revenue	1%	1%	1%	1%	1%	1%

Net interest & other expenses	(4,399)	(4,533)	(4,624)	(4,716)	(4,811)	(4,907)
% of Revenue	7%	7%	7%	7%	7%	7%

Tax expense	(168)	67	29	(9)	(46)	(82)
Tax rate	2%	2%	2%	2%	2%	2%

Net profit	(6,943)	(4,278)	(1,849)	552	2,925	5,272
% Margin	-11%	-7%	-3%	1%	4%	8%