A054450 -11.7%A396470 -9.7%A086390 -9.4%

Micro Contact Solution Co Ltd

KOSDAQ:A098120

南韓 / 資訊科技 / 半導體及半導體設備

綜觀

5 年 DCF 增長退出價

股價

8,460.00 KRW

公允價值

12,864.88 KRW

Metrics	Range	Conclusion
Discount Rate	10.5% - 9.5%	10.0%
Perpetuity Growth Rate	3.8% - 4.8%	4.3%
Fair Value	₩11,531 - ₩14,758	₩12,865
Upside	27.0% - 62.5%	41.7%

2.3%

Revenue 5y CAGR

16.3%

5y Avg EBITDA Margin

7.2%

Unlevered FCF 5y CAGR

5-Year DCF Model: Gordon Growth Exit

股價

8,460.00 KRW

公允價值

12,864.88 KRW

看漲

41.7%

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	69,664	72,102	73,544	75,015	76,516	78,046
% Growth	7.5%	3.5%	2.0%	2.0%	2.0%	2.0%

EBITDA	12,068	11,727	11,961	12,201	12,445	12,694
% of Revenue	17.3%	16.3%	16.3%	16.3%	16.3%	16.3%

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	Terminal

EBITDA		11,727	11,961	12,201	12,445	12,694	12,694
Other Income / (Exp)		0	0	0	0	0	0
D&A		(2,070)	(2,111)	(2,154)	(2,197)	(2,241)	(5,090)

EBIT		9,657	9,850	10,047	10,248	10,453	7,603
Pro forma Taxes		(1,352)	(1,379)	(1,407)	(1,435)	(1,463)	(1,064)
NOPAT	8,742	8,305	8,471	8,641	8,813	8,990	6,539

Capital Expenditures	(5,674)	(4,840)	(4,937)	(5,150)	(5,253)	(5,358)	(5,358)
NWC Investment	(1,070)	(538)	(318)	(325)	(331)	(338)	(732)
(+) D&A	1,903	2,070	2,111	2,154	2,197	2,241	5,090

Free Cash Flow	3,902	4,997	5,327	5,319	5,426	5,534	5,539
% Growth		28%	7%	0%	2%	2%	0%

載入錯誤

Micro Contact Solution Co Ltd

KOSDAQ:A098120

南韓 / 資訊科技 / 半導體及半導體設備

5 年 DCF 增長退出價