TY Holdings티와이홀딩스
363280 · KOSPI · ₩363280 · 티와이홀딩스
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
₩4,643
vs the current price (₩1,836)
- Assets before discount
- ₩361B
- Equity value
- ₩217B
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
- ₩3,095
- +68.6%
- Base
- ₩4,643
- +152.9%
- Bull
- ₩6,500
- +254.0%
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
- 46,672,282
- incl. 1,174,949 preferred
- Share price
- ₩1,836
- Market cap
- ₩87B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Taeyoung Engineering & Construction | 58.2% | ₩286B |
| Seoul Broadcasting System | 36.3% | ₩75B |
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% | ₩4,952 | ₩4,333 | ₩3,714 | ₩3,095 | ₩2,476 |
| −10.0% | ₩5,571 | ₩4,875 | ₩4,179 | ₩3,482 | ₩2,786 |
| 0.0% | ₩6,190 | ₩5,417 | ₩4,643 | ₩3,869 | ₩3,095 |
| +10.0% | ₩6,809 | ₩5,958 | ₩5,107 | ₩4,256 | ₩3,405 |
| +20.0% | ₩7,428 | ₩6,500 | ₩5,571 | ₩4,643 | ₩3,714 |
Now (TTM)
- Market cap
- ₩84B
- Enterprise value
- ₩198B
- P/E
- —
- P/B
- 0.1×
- P/S
- 1.0×
- EV/EBITDA
- —
- Dividend yield
- 0.0%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩2,740 | ₩2,720 | ₩4,225 | ₩10,450 | ₩28,200 |
| Market cap | ₩125B | ₩124B | ₩192B | ₩475B | ₩1.3T |
| P/E | — | — | — | 5.2× | 8.9× |
| P/B | 0.1× | 0.1× | 0.2× | 0.3× | 0.9× |
| P/S | 1.6× | 1.6× | 0.6× | 1.3× | 4.3× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 0.0% | — | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| TY Holdings | — | 0.1× | 1.0× | — | 0.0% |
| SK Square | 3.6× | 2.2× | 96.1× | 3.5× | 0.0% |
| KB Financial Group | 8.8× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.8× | 0.7× | — | 10.2× | 2.9% |
| SK | 4.5× | 1.0× | 0.3× | — | 1.6% |
| Hana Financial Group | 8.0× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.5× | 0.8× | 48.2× | 9.6× | 2.8% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: TY Holdings / 티와이홀딩스 / 363280 / KRX:363280
Source: KRX statistical information