Company Valuation: POSCO Holdings Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 21,335,833 20,759,220 20,972,297 37,900,165 19,071,028 23,660,111 - -
Change - -2.7% 1.03% 80.72% -49.68% 24.06% - -
Enterprise Value (EV) 1 37,079 25,122 20,972 46,184 30,266 35,597 36,977 36,893
Change - -32.25% -16.52% 120.22% -34.47% 17.61% 3.88% -0.23%
P/E ratio 13.5x 3.22x 5.88x 20.5x 22.1x 21.8x 12.3x 10.1x
PBR 0.47x 0.41x 0.4x 0.7x 0.38x 0.45x 0.44x 0.43x
PEG - 0x -0.1x -0.4x -0.4x 0.8x 0.2x 0.5x
Capitalization / Revenue 0.37x 0.27x 0.25x 0.49x 0.26x 0.34x 0.32x 0.31x
EV / Revenue 0.64x 0.33x 0.25x 0.6x 0.42x 0.51x 0.5x 0.48x
EV / EBITDA 6.15x 1.96x 2.45x 6.28x 4.91x 5.39x 4.68x 4.26x
EV / EBIT 15.4x 2.73x 4.32x 13.1x 13.9x 13.8x 11.8x 9.18x
EV / FCF 6.7x 7.87x 16.7x -81.7x -30.4x -75.8x -67.3x 57.8x
FCF Yield 14.9% 12.7% 6% -1.22% -3.29% -1.32% -1.49% 1.73%
Dividend per Share 3 8,000 17,000 12,000 10,000 10,000 10,034 10,207 10,387
Rate of return 2.94% 6.19% 4.34% 2% 3.94% 3.19% 3.25% 3.3%
EPS 3 20,165 85,377 46,988 24,326 11,469 14,433 25,500 31,199
Distribution rate 39.7% 19.9% 25.5% 41.1% 87.2% 69.5% 40% 33.3%
Net sales 1 57,793 76,400 84,750 77,127 72,690 70,019 73,389 76,153
EBITDA 1 6,025 12,818 8,544 7,355 6,159 6,610 7,899 8,659
EBIT 1 2,403 9,200 4,850 3,531 2,170 2,583 3,143 4,019
Net income 1 1,602 6,617 3,560 1,832 1,090 1,151 2,025 2,545
Net Debt 1 15,743 4,363 - 8,284 11,195 11,937 13,317 13,233
Reference price 3 272,000.00 274,500.00 276,500.00 499,500.00 253,500.00 314,500.00 314,500.00 314,500.00
Nbr of stocks (in thousands) 78,441 75,626 75,849 75,876 75,231 75,231 - -
Announcement Date 1/28/21 1/12/22 1/27/23 1/23/24 2/3/25 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.83x0.51x5.39x3.19% 16.13B
19.52x1.23x9.22x1.39% 36.19B
9.52x0.66x6.3x1.29% 33.14B
19.42x1.47x11.95x1.21% 24.16B
16.09x1.21x8.02x2.33% 22.31B
160.83x0.76x7.41x3.86% 20.71B
29.82x4.95x18.34x0.28% 14.97B
-4.38x0.82x104.95x-.--% 7.99B
15.74x0.6x7.46x4.16% 7.78B
Average 32.04x 1.36x 19.89x 1.97% 20.38B
Weighted average by Cap. 33.09x 1.30x 13.20x 1.87%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation POSCO Holdings Inc.