Valuation Macquarie Korea Infrastructure Fund

Equities

End-of-day quote Korea S.E. Other stock markets 2025-12-08			5-day change	1st Jan Change
11,650.00 ^KRW	0.00%		+1.13%	+10.01%

Apr. 29	Macquarie Korea Infrastructure Fund Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
Jan. 30	Macquarie Korea Infrastructure Fund Reports Earnings Results for the Full Year Ended December 31, 2024	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,717,322	5,688,080	4,473,543	5,421,120	5,071,784	5,579,441	-	-
Change	-	53.02%	-21.35%	21.18%	-6.44%	10.01%	-	-
Enterprise Value (EV) ¹	3,846	5,905	4,932	5,803	5,421	5,933	5,929	5,918
Change	-	53.55%	-16.48%	17.66%	-6.58%	9.44%	-0.06%	-0.19%
P/E ratio	14.4x	18.2x	14.2x	15.9x	13.5x	15.3x	15x	14.5x
PBR	1.87x	2.25x	1.76x	1.86x	1.49x	1.63x	1.63x	1.63x
PEG	-	4.66x	13.69x	41.29x	-	-6.02x	8.88x	3.72x
Capitalization / Revenue	12.2x	16.3x	11.9x	13.7x	12x	12.8x	12.7x	12.3x
EV / Revenue	12.6x	17x	13.1x	14.7x	12.8x	13.6x	13.5x	13.1x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	14.4x	19.4x	15x	17.8x	15.6x	16.3x	16x	15.3x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ³	720	750	770	775	-	760	770	795
Rate of return	6.76%	5.34%	6.97%	6.23%	-	6.52%	6.61%	6.82%
EPS ³	742	771	779	782	782	762.1	775	805.2
Distribution rate	97%	97.3%	98.8%	99.1%	-	99.7%	99.4%	98.7%
Net sales ¹	304.4	348.4	376.6	396.1	422.1	434.8	439.7	453.2
EBITDA	267.7	-	-	-	-	-	-	-
EBIT ¹	267.7	303.7	328.8	326.2	348.1	364.8	369.6	385.8
Net income ¹	259.3	296.7	315.2	326.2	348.1	364.8	371.1	385.8
Net Debt ¹	128.3	217	458.5	382.1	349.3	353.5	350	338.7
Reference price ³	10,650.00	14,050.00	11,050.00	12,440.00	10,590.00	11,650.00	11,650.00	11,650.00
Nbr of stocks (in thousands)	349,044	404,846	404,846	435,781	478,922	478,922	-	-
Announcement Date	1/29/21	1/29/22	1/31/23	1/31/24	1/31/25	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MACQUARIE KOREA INFRASTRUCTURE FUND	15.29x	13.65x	-	6.52%	3.79B
FS KKR CAPITAL CORP.	16.03x	7.38x	-	18.11%	4.33B
Average	15.66x	10.51x		12.32%	4.06B
Weighted average by Cap.	15.68x	10.30x		12.7%