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Yuilrobotics

388720 · KOSDAQ · ₩388720 · 유일로보틱스

₩57,200▼ ₩200 (0.35%)End-of-day · Oct 26, 2026 · End-of-day prices.
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Valuation model · Discounted cash flow (DCF)

We use a 5-year discounted cash flow: the value of the cash the business is expected to produce, in today's money.

Fair value per share

With these assumptions the model gives no positive value.

Enterprise value
−₩110B
Equity value
−₩100B
WACC
8.0%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.

Why the model and the price differ

The model gives no positive value at these assumptions. What we can see:

  • No operating margin up to 90% gets the model to today's price at these growth assumptions.
  • Margins ranged from −34.2% to 8.4% over the last 5 years, so this is a cyclical business. The model uses the average; the price may be set by where the cycle is now. Try the margin fade option.
  • In the projection, spending on equipment, software and working capital takes most or all of the after-tax operating profit, so free cash flow is thin. Companies that invest heavily often look like this until spending slows.

Treat the model as a starting point: change the assumptions to the story you believe, and compare with the multiples check below.

Bear / Base / Bull

Bear
—
Base
—
Bull
—

Bear: revenue growth 3 points lower every year, EBIT margin 2 points lower, WACC 1 point higher. Bull: the opposite.

Assumptions

Sign in to change the assumptions and see the results update. Sign in

Cycle options

Margin path

Every year uses the cycle-average margin (−16.2%).

Revenue growth

  • 0.2%

    How much sales grow that year, compared with the year before.

    Default: the last 3 years' revenue growth (0.2% a year, annual reports), fading to 3% by year 5.

  • 0.9%

    How much sales grow that year, compared with the year before.

    Default: the last 3 years' revenue growth (0.2% a year, annual reports), fading to 3% by year 5.

  • 1.6%

    How much sales grow that year, compared with the year before.

    Default: the last 3 years' revenue growth (0.2% a year, annual reports), fading to 3% by year 5.

  • 2.3%

    How much sales grow that year, compared with the year before.

    Default: the last 3 years' revenue growth (0.2% a year, annual reports), fading to 3% by year 5.

  • 3%

    How much sales grow that year, compared with the year before.

    Default: the last 3 years' revenue growth (0.2% a year, annual reports), fading to 3% by year 5.

Business

  • -16.2%

    Operating profit as a share of revenue.

    Default: through-the-cycle average of the last 12 months and the last 5 annual reports' operating margins.

  • 27.5%

    Share of operating profit paid as corporate tax.

    Default: Korea's top corporate tax rate (25%) plus 10% local income tax.

  • 43.1%

    The non-cash cost of wearing out equipment, added back to cash flow (% of revenue).

    Default: not in the statements, so 80% of capital spending (most spending replaces equipment that wears out).

  • 53.8%

    Money spent on factories, equipment, software and other long-term assets (% of revenue).

    Default: average of the last 3 annual reports (cash flow statements; equipment and intangibles).

  • 21.9%

    Stock and unpaid customer bills, less unpaid supplier bills, as a % of revenue. Each year's extra revenue ties up this much more cash.

    Default: working capital (current assets less cash and deposits, minus current liabilities other than borrowings) as a share of revenue, averaged over the last 3 years.

Discount rate

  • 2%

    How fast cash flows keep growing every year after year 5.

    Default: about Korea's long-run inflation plus real growth.

  • 4.03%

    Yield on Korea's 10-year government bond: the return with almost no risk.

    Default: Korea Treasury Bond 10-year yield on 2026-10-27.

  • 0.73

    How much the share moves when the market moves: 1 means just like the market.

    Default: 105 weeks of weekly returns against KOSPI (official index); raw beta 0.6, adjusted toward 1 and kept between 0.6 and 2.0.

  • 5.5%

    The extra return investors want for owning shares instead of bonds.

    Default: a typical premium for Korean shares.

  • 5.53%

    The interest rate the company would pay to borrow.

    Default: the 10-year yield plus a 1.5% credit spread.

Starting point

Revenue (TTM to H1 2026)
₩37B
Net debt (borrowings and leases − cash and deposits)
−₩9.7B
Shares
11,781,345
Share price
₩57,200
Market cap
₩674B

TTM = trailing 12 months: the last four reported quarters added together. "TTM to H1 2026" is the 12 months up to the latest quarterly or half-year report (H1 = to the end of June). Year 1 grows from there.

Past years and projection

Grey columns are reported results from the annual reports (after-tax EBIT at the model's tax rate), so you can check the growth and margin assumptions against the past. Years 1–5 are the model.

FY2023FY2024FY2025Year 1Year 2Year 3Year 4Year 5
Revenue₩29B₩35B₩37B₩37B₩37B₩38B₩39B₩40B
Growth−19.8%19.4%5.0%0.2%0.9%1.6%2.3%3.0%
EBIT−₩7B₩395M−₩13B−₩6B−₩6B−₩6.1B−₩6.3B−₩6.5B
EBIT margin−23.8%1.1%−34.2%−16.2%−16.2%−16.2%−16.2%−16.2%
After-tax EBIT−₩5.1B₩286M−₩9.1B−₩4.3B−₩4.4B−₩4.5B−₩4.6B−₩4.7B
+ Depreciation———₩16B₩16B₩16B₩17B₩17B
− Capital spending₩10B₩36B₩8.3B₩20B₩20B₩20B₩21B₩21B
− Working capital−₩11B−₩12B₩9.8B₩16M₩73M₩131M₩191M₩255M
Free cash flow———−₩8.3B−₩8.5B−₩8.6B−₩8.9B−₩9.2B
Discount factor———0.9260.8570.7930.7340.679
Present value———−₩7.7B−₩7.2B−₩6.9B−₩6.5B−₩6.3B

Terminal value −₩111B, worth −₩75B today: 69% of enterprise value. It assumes spending settles at 110% of depreciation once growth slows to the terminal rate.

Cross-check: what the market has paid before

For cyclical businesses, analysts check a DCF against the multiples the stock has traded at through past cycles. Price / book is the usual anchor for them: P/E looks highest at the bottom of a cycle, when earnings are smallest, and lowest at the top. The price each band would give today:

LowTypicalHigh
Price / book (book value ₩7,863 a share)Now 7.27×₩33,7434.29×₩62,6877.97×₩108,54213.8×

Low, typical and high are the 10th percentile, middle and 90th percentile of month-end multiples since 2022, each against the latest report out by then, per share at today's share count; loss years and P/E above 100 are left out. Run-rate earnings are one quarter × 4, not a forecast. Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Sensitivity

Fair value per share as two inputs change; the middle is the current case.

WACC ↓ · Terminal growth →1.0%1.5%2.0%2.5%3.0%
7.0%—————
7.5%—————
8.0%—————
8.5%—————
9.0%—————

Now (TTM)

Market cap
₩674B
Enterprise value
₩663B
P/E
—
P/B
7.3×
P/S
18.3×
EV/EBITDA
—
Dividend yield
0.0%

Over time (at each year end)

2025202420232022
Price₩83,200₩29,450₩26,600₩21,100
Market cap₩980B₩347B₩313B₩249B
P/E————
P/B10.9×3.7×9.0×6.2×
P/S26.6×9.9×10.6×6.8×
EV/EBITDA————
Dividend yield0.0%———

Loading data for this company — check back soon

Versus similar companies

CompanyP/EP/BP/SEV/EBITDADividend yield
Yuilrobotics—7.3×18.3×—0.0%
Doosan Enerbility203.8×4.5×2.1×—0.0%
Hanmi Semiconductor79.0×23.5×31.8×71.1×0.4%
Jusung Engineering1,074.9×13.2×34.5×2,068.4×0.0%
Rainbow Robotics3,960.9×50.7×149.5×—0.0%
EO Technics43.0×6.2×10.5×—0.0%
Doosan Bobcat13,636.6×912.5×734.6×—3.5%
Similar companies (median)639.3×18.3×33.2×1,069.8×0.0%

Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.

Also known as: Yuilrobotics / 유일로보틱스 / 388720 / KRX:388720

Source: KRX statistical information