AK HoldingsAK홀딩스
006840 · KOSPI · ₩006840 · AK홀딩스
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
₩29,808
vs the current price (₩6,580)
- Assets before discount
- ₩658B
- Equity value
- ₩395B
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
- ₩19,872
- +202.0%
- Base
- ₩29,808
- +353.0%
- Bull
- ₩41,732
- +534.2%
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
- 13,247,561
- Share price
- ₩6,580
- Market cap
- ₩87B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Aekyung Chemical | 60.8% | ₩309B |
| Jejuair | 50.4% | ₩216B |
| Aekyung Industrial | 47.3% | ₩133B |
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% | ₩31,796 | ₩27,821 | ₩23,847 | ₩19,872 | ₩15,898 |
| −10.0% | ₩35,770 | ₩31,299 | ₩26,827 | ₩22,356 | ₩17,885 |
| 0.0% | ₩39,744 | ₩34,776 | ₩29,808 | ₩24,840 | ₩19,872 |
| +10.0% | ₩43,719 | ₩38,254 | ₩32,789 | ₩27,324 | ₩21,859 |
| +20.0% | ₩47,693 | ₩41,732 | ₩35,770 | ₩29,808 | ₩23,847 |
Now (TTM)
- Market cap
- ₩87B
- Enterprise value
- ₩1.6T
- P/E
- 5.2×
- P/B
- 0.2×
- P/S
- 0.0×
- EV/EBITDA
- —
- Dividend yield
- 0.0%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩8,710 | ₩9,640 | ₩17,100 | ₩17,200 | ₩19,300 |
| Market cap | ₩115B | ₩128B | ₩227B | ₩228B | ₩256B |
| P/E | — | — | 1.7× | — | — |
| P/B | 0.3× | 0.2× | 0.4× | 0.4× | 0.4× |
| P/S | 0.0× | 0.0× | 0.1× | 0.1× | 0.1× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 0.0% | 4.1% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| AK Holdings | 5.2× | 0.2× | 0.0× | — | 0.0% |
| 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: AK Holdings / AK홀딩스 / 006840 / KRX:006840
Source: KRX statistical information