Poongsan Holdings풍산홀딩스
005810 · KOSPI · ₩005810 · 풍산홀딩스
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩25,616
vs the current price (₩33,600)
- Assets before discount
- ₩616B
- Equity value
- ₩369B
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩17,077
- −49.2%
- Base
- ₩25,616
- −23.8%
- Bull
- ₩35,863
- +6.7%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
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Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 14,417,292
- Share price
- ₩33,600
- Market cap
- ₩484B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Poongsan | 38.0% | ₩616B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩27,324 | ₩23,908 | ₩20,493 | ₩17,077 | ₩13,662 |
| −10.0% | ₩30,739 | ₩26,897 | ₩23,055 | ₩19,212 | ₩15,370 |
| 0.0% | ₩34,155 | ₩29,885 | ₩25,616 | ₩21,347 | ₩17,077 |
| +10.0% | ₩37,570 | ₩32,874 | ₩28,178 | ₩23,481 | ₩18,785 |
| +20.0% | ₩40,986 | ₩35,863 | ₩30,739 | ₩25,616 | ₩20,493 |
Now (TTM)
- Market cap
- ₩484B
- Enterprise value
- ₩536B
- P/E
- 4.7×
- P/B
- 0.4×
- P/S
- 1.0×
- EV/EBITDA
- 4.8×
- Dividend yield
- 4.8%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩37,500 | ₩25,850 | ₩24,991 | ₩19,141 | ₩19,141 |
| Market cap | ₩541B | ₩373B | ₩360B | ₩276B | ₩276B |
| P/E | 7.3× | 3.7× | 4.3× | 3.8× | 1.6× |
| P/B | 0.5× | 0.3× | 0.4× | 0.3× | 0.3× |
| P/S | 1.2× | 0.8× | 0.9× | 0.7× | 0.6× |
| EV/EBITDA | 7.4× | 3.4× | 4.8× | 3.3× | 2.7× |
| Dividend yield | 4.3% | 5.4% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Poongsan Holdings | 4.7× | 0.4× | 1.0× | 4.8× | 4.8% |
| SK Square | 3.3× | 2.0× | 88.7× | 3.2× | 0.0% |
| KB Financial Group | 8.3× | 0.9× | — | 9.3× | 3.0% |
| Shinhan Financial Group | 7.5× | 0.7× | — | 10.0× | 3.0% |
| SK | 4.5× | 1.0× | 0.3× | — | 1.6% |
| Hana Financial Group | 7.5× | 0.7× | — | 9.8× | 3.6% |
| Woori Financial Group | 6.7× | 0.5× | — | 8.2× | 4.7% |
| Similar companies (median) | 7.1× | 0.8× | 44.5× | 9.3× | 3.0% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: Poongsan Holdings / 풍산홀딩스 / 005810 / KRX:005810
Source: KRX statistical information