Ecopro에코프로
086520 · KOSDAQ · ₩086520 · 에코프로
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
₩21,407
vs the current price (₩74,400)
- Assets before discount
- ₩4.8T
- Equity value
- ₩2.9T
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
- ₩14,272
- −80.8%
- Base
- ₩21,407
- −71.2%
- Bull
- ₩29,970
- −59.7%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
Sign in to change the assumptions and see the results update. Sign in
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
- 135,776,152
- Share price
- ₩74,400
- Market cap
- ₩10T
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Ecopro BM | 41.0% | ₩3.8T |
| Ecopro Materials | 43.0% | ₩901B |
| Ecopro HN | 31.0% | ₩149B |
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% | ₩22,835 | ₩19,980 | ₩17,126 | ₩14,272 | ₩11,417 |
| −10.0% | ₩25,689 | ₩22,478 | ₩19,267 | ₩16,056 | ₩12,844 |
| 0.0% | ₩28,543 | ₩24,975 | ₩21,407 | ₩17,839 | ₩14,272 |
| +10.0% | ₩31,397 | ₩27,473 | ₩23,548 | ₩19,623 | ₩15,699 |
| +20.0% | ₩34,252 | ₩29,970 | ₩25,689 | ₩21,407 | ₩17,126 |
Now (TTM)
- Market cap
- ₩10T
- Enterprise value
- ₩13T
- P/E
- 71.8×
- P/B
- 4.5×
- P/S
- 3.0×
- EV/EBITDA
- —
- Dividend yield
- 0.2%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩90,800 | ₩57,500 | ₩129,394 | ₩20,599 | ₩23,499 |
| Market cap | ₩12T | ₩7.8T | ₩18T | ₩2.8T | ₩3.2T |
| P/E | — | — | 344.4× | 12.7× | 11.4× |
| P/B | 6.3× | 4.9× | 10.5× | 2.1× | 2.8× |
| P/S | 3.6× | 2.5× | 2.4× | 0.5× | 2.1× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 0.2% | 0.2% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Ecopro | 71.8× | 4.5× | 3.0× | — | 0.2% |
| 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: Ecopro / 에코프로 / 086520 / KRX:086520
Source: KRX statistical information