Joy City Corp

KOSDAQ:A067000

南韓 / 通訊服務 / 娛樂

綜觀

股息

5 年 DCF 收入退出價

股價

1,552.00 KRW

公允價值

2,203.89 KRW

Metrics	Range	Conclusion
Discount Rate	10.3% - 9.3%	9.8%
Terminal Revenue Multiple	1.2x - 1.3x	1.2x
Fair Value	₩2,034 - ₩2,380	₩2,204
Upside	27.5% - 49.1%	38.1%

7.1%

Revenue 5y CAGR

10.9%

5y Avg EBITDA Margin

4.6%

Unlevered FCF 5y CAGR

5-Year DCF Model: Revenue Exit

股價

1,552.00 KRW

公允價值

2,203.89 KRW

看漲

38.1%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(KRW in millions)		Input Projections
Fiscal Years Ending	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28	Dec-29

Revenue	142,850	143,500	175,200	190,850	197,530	201,480
% Growth	-4.5%	0.5%	22.1%	8.9%	3.5%	2.0%

EBITDA	16,029	14,900	19,000	21,050	21,787	22,222
% of Revenue	11.2%	10.4%	10.8%	11.0%	11.0%	11.0%

支援算式

Calculation of Free Cash Flow

Discounting Periods

Discounting Factors

Calculation of Enterprise Value

Equity Waterfall

Historical Financials

Current Trading Multiples


Calculation of Free Cash Flow

Projected Unlevered Cash Flow
(KRW in millions)		Dec-25	Dec-26	Dec-27	Dec-28	Dec-29

EBITDA		14,900	19,000	21,050	21,787	22,222
Other Income / (Exp)		0	0	0	0	0
D&A		(4,100)	(4,500)	(4,100)	(4,244)	(4,328)

EBIT		10,800	14,500	16,950	17,543	17,894
Pro forma Taxes		(3,996)	(5,365)	(6,272)	(6,491)	(6,621)
NOPAT	7,317	6,804	9,135	10,679	11,052	11,273

Capital Expenditures	(1,328)	(2,000)	(2,000)	(2,000)	(2,070)	(2,111)
NWC Investment	254	(24)	(1,188)	(587)	(250)	(148)
(+) D&A	4,414	4,100	4,500	4,100	4,244	4,328

Free Cash Flow	10,656	8,880	10,447	12,192	12,975	13,342
% Growth		-17%	18%	17%	6%	3%

載入錯誤

Joy City Corp

KOSDAQ:A067000

南韓 / 通訊服務 / 娛樂

5 年 DCF 收入退出價