Company Valuation: PhionX

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74,163 112,000 51,335 65,903 41,852 29,358
Change - 51.02% -54.17% 28.38% -36.49% -29.85%
Enterprise Value (EV) 1 101,189 119,330 49,683 61,438 43,044 32,042
Change - 17.93% -58.37% 23.66% -29.94% -25.56%
P/E -8.37x 20.4x 35.2x -1.75x -2.4x -2.24x
PBR 2.48x 2.04x 0.75x 1.48x 1.05x 0.76x
PEG - -0x -0.5x 0x 0x 0.1x
Capitalization / Revenue 1x 1.37x 0.78x 1.71x 2.2x 4.63x
EV / Revenue 1.36x 1.46x 0.75x 1.6x 2.26x 5.05x
EV / EBITDA 37.8x 19.7x 7.21x -4.35x -3.76x -4.46x
EV / EBIT -76.8x 46.4x 23x -3.33x -3.18x -3.83x
EV / FCF -4.85x -8.93x -52.1x -102x -8.85x -22.9x
FCF Yield -20.6% -11.2% -1.92% -0.98% -11.3% -4.37%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -4,282 1,756 433 -9,668 -4,136 -2,560
Distribution rate - - - - - -
Net sales 1 74,152 81,719 66,013 38,431 19,009 6,341
EBITDA 1 2,678 6,057 6,889 -14,114 -11,449 -7,185
EBIT 1 -1,318 2,573 2,156 -18,473 -13,548 -8,357
Net income 1 -8,971 4,966 1,383 -35,527 -15,997 -11,836
Net Debt 1 27,026 7,329 -1,652 -4,465 1,192 2,684
Reference price 2 35,850.00 35,850.00 15,250.00 16,940.00 9,920.00 5,740.00
Nbr of stocks (in thousands) 2,069 3,124 3,366 3,890 4,219 5,115
Announcement Date 5/27/21 A 4/20/22 A 4/18/23 A 4/18/24 A 4/22/25 A 3/1/26 A
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 6.78M
26.74x4.13x14.59x3.33% 212B
43.9x5.44x22.53x0.85% 142B
28.28x2.84x18.41x0.75% 76.68B
47.65x2.7x10.4x1.34% 36.4B
23.49x1.56x8.8x4.01% 30.78B
16.41x3.19x12.21x1.43% 25.95B
18.88x2.62x11.72x1.89% 23.78B
28.12x1.65x13.89x-.--% 20.31B
14.64x1.75x7.42x4.42% 10.47B
Average 27.57x 2.87x 13.33x 2% 57.8B
Weighted average by Cap. 31.34x 3.82x 16.09x 2.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA