Company Valuation: COWIN ROBOTICS Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 294,456 223,749 304,155 147,017 183,709 128,128 - -
Change - -24.01% 35.94% -51.66% 24.96% -30.26% - -
Enterprise Value (EV) 1 286.2 223.7 249.6 146.9 221 190.8 225.6 241.4
Change - -21.82% 11.57% -41.17% 50.51% -13.67% 18.24% 7%
P/E 38x 43.9x 23.9x 8.83x 106x 46.2x 15.9x 14.8x
PBR 2.01x - 1.81x 0.81x 1.07x 0.72x 0.69x 0.67x
PEG - -1.3x 0x 0.3x -1.2x 0.8x 0x 1.99x
Capitalization / Revenue 2.76x 1.11x 0.93x 0.6x 1.19x 0.53x 0.48x 0.42x
EV / Revenue 2.69x 1.11x 0.76x 0.6x 1.43x 0.79x 0.85x 0.79x
EV / EBITDA 33x 12.1x 10.9x 15.6x -11.6x 33.5x 11.4x 11.4x
EV / EBIT 43x 15.1x 11.9x 20x -8.67x -33.2x 15x 14.2x
EV / FCF -29.5x - 126x -2.64x -14.5x -2.67x -20.3x -18.7x
FCF Yield -3.39% - 0.79% -37.9% -6.89% -37.4% -4.92% -5.34%
Dividend per Share 3 89.72 - 238 196.1 - 250 250 250
Rate of return 0.32% - 0.89% 1.53% - 2.25% 2.25% 2.25%
EPS 3 734.8 484.2 1,118 1,451 151 240.5 699 751
Distribution rate 12.2% - 21.3% 13.5% - 104% 35.8% 33.3%
Net sales 1 106.5 201.2 328.6 244.4 154.8 242.9 264.6 304.4
EBITDA 1 8.668 18.57 22.82 9.406 -19.01 5.7 19.8 21.1
EBIT 1 6.654 14.78 20.97 7.336 -25.49 -5.75 15 17
Net income 1 8.576 4.945 21.37 14.28 1.701 2.8 8.2 8.8
Net Debt 1 -8.245 - -54.52 -0.1606 37.33 62.7 97.5 113.3
Reference price 3 27,947.71 21,254.61 26,699.03 12,813.73 16,030.00 11,110.00 11,110.00 11,110.00
Nbr of stocks (in thousands) 10,536 10,527 11,392 11,473 11,460 11,533 - -
Announcement Date 2/28/22 3/9/23 2/21/24 2/14/25 2/12/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.2x0.79x33.48x2.25% 95.64M
30.6x5.32x19.5x0.84% 120B
34.37x5.43x20.56x1.56% 96.56B
44.69x9.06x26.52x-.--% 64.93B
27.21x3.12x18x0.76% 59.51B
39.47x6.14x27.1x1.96% 57.18B
27.91x5.16x18.07x2.15% 36.37B
30.76x4.07x15.37x0.11% 29.97B
21.03x1.8x12.96x2.23% 30.6B
21.18x3.67x11.76x1.43% 29.36B
Average 32.34x 4.45x 20.33x 1.33% 52.47B
Weighted average by Cap. 32.36x 5.26x 20.08x 1.15%

Y-o-Y evolution of P/E

Valuation ratios - P/E - COWIN ROBOTICS Co., Ltd

Historical PBR trend

Valuation ratios - PBR - COWIN ROBOTICS Co., Ltd

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - COWIN ROBOTICS Co., Ltd

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - COWIN ROBOTICS Co., Ltd


Year-on-year evolution of the Yield

Valuation ratios - Yield - COWIN ROBOTICS Co., Ltd
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