Pungguk Ethanol Valuation

Q: What is the Fair Price of A023900 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A023900 (₩9800) is trading below our estimate of [[fair value]] (₩182471.37)

Is A023900 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A023900 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A023900 (₩9800) is trading below our estimate of fair value (₩182471.37)

Significantly Below Fair Value: A023900 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A023900?

Key metric: As A023900 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A023900. This is calculated by dividing A023900's market cap by their current earnings.
What is A023900's PE Ratio?
PE Ratio	17.6x
Earnings	₩7.02b
Market Cap	₩123.48b

A023900 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.8x
Enterprise Value/EBITDA	6.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does A023900's PE Ratio compare to its peers?

The above table shows the PE ratio for A023900 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.8x
A018120 Jinro Distillers	10.5x	n/a	₩112.6b
A033920 Muhak	3.2x	n/a	₩162.6b
A043650 Kook Soon Dang.Co.Ltd	22.3x	n/a	₩73.2b
A023150 MH EthanolLtd	15.2x	n/a	₩33.3b
A023900 Pungguk Ethanol	17.6x	n/a	₩123.5b

Price-To-Earnings vs Peers: A023900 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does A023900's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: A023900 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the Asian Beverage industry average (18.7x).

Price to Earnings Ratio vs Fair Ratio

What is A023900's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A023900 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate A023900's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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