Kolmar Holdings콜마홀딩스
024720 · KOSPI · ₩024720 · 콜마홀딩스
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
₩14,287
vs the current price (₩8,740)
- Assets before discount
- ₩817B
- Equity value
- ₩490B
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
- ₩9,524
- +9.0%
- Base
- ₩14,287
- +63.5%
- Bull
- ₩20,001
- +128.8%
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
- 34,296,259
- Share price
- ₩8,740
- Market cap
- ₩300B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Kolmar Korea | 26.3% | ₩716B |
| KolmarBNH | 44.6% | ₩101B |
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% | ₩15,239 | ₩13,334 | ₩11,429 | ₩9,524 | ₩7,620 |
| −10.0% | ₩17,144 | ₩15,001 | ₩12,858 | ₩10,715 | ₩8,572 |
| 0.0% | ₩19,049 | ₩16,668 | ₩14,287 | ₩11,905 | ₩9,524 |
| +10.0% | ₩20,954 | ₩18,334 | ₩15,715 | ₩13,096 | ₩10,477 |
| +20.0% | ₩22,859 | ₩20,001 | ₩17,144 | ₩14,287 | ₩11,429 |
Now (TTM)
- Market cap
- ₩300B
- Enterprise value
- ₩460B
- P/E
- 6.4×
- P/B
- 0.4×
- P/S
- 0.5×
- EV/EBITDA
- —
- Dividend yield
- 3.1%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩9,510 | ₩6,730 | ₩7,900 | ₩7,880 | ₩9,832 |
| Market cap | ₩326B | ₩231B | ₩271B | ₩270B | ₩337B |
| P/E | 13.9× | 9.4× | — | — | 15.5× |
| P/B | 0.5× | 0.4× | 0.5× | 0.4× | 0.5× |
| P/S | 0.5× | 0.3× | 0.4× | 0.4× | 0.5× |
| EV/EBITDA | — | — | 15.9× | 9.0× | 4.1× |
| Dividend yield | 2.8% | 3.0% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Kolmar Holdings | 6.4× | 0.4× | 0.5× | — | 3.1% |
| SK Square | 3.8× | 2.3× | 102.1× | 3.7× | 0.0% |
| KB Financial Group | 8.9× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.7× | 0.7× | — | 10.1× | 2.9% |
| SK | 4.8× | 1.0× | 0.3× | — | 1.5% |
| Hana Financial Group | 7.9× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.4× | 0.8× | 51.2× | 9.6× | 2.9% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: Kolmar Holdings / 콜마홀딩스 / 024720 / KRX:024720
Source: KRX statistical information