Company Valuation: FreeT, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 211,011 344,264 143,325 140,686 179,475 79,114
Change - 63.15% -58.37% -1.84% 27.57% -55.92%
Enterprise Value (EV) 1 215,613 347,051 150,061 148,052 189,251 100,438
Change - 60.96% -56.76% -1.34% 27.83% -46.93%
P/E 22.2x 63.2x -19.5x -4.6x 59.4x -1.86x
PBR 4.92x 5.23x 2.28x 3.67x 3.79x 5.22x
PEG - -1.3x 0x -0x -1x 0x
Capitalization / Revenue 3.65x 4.8x 1.87x 1.41x 1.79x 0.75x
EV / Revenue 3.73x 4.84x 1.96x 1.48x 1.88x 0.95x
EV / EBITDA 243x -77.8x -41.4x -167x -64x -17.3x
EV / EBIT -249x -62x -30.2x -60x -38.8x -12.7x
EV / FCF -44x -210x -36.8x -102x -94.2x -9.4x
FCF Yield -2.28% -0.48% -2.72% -0.98% -1.06% -10.6%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 475.8 250 -331 -1,334 127.4 -1,705
Distribution rate - - - - - -
Net sales 1 57,818 71,666 76,678 99,811 100,534 105,558
EBITDA 1 887 -4,463 -3,626 -888.3 -2,959 -5,794
EBIT 1 -866.4 -5,595 -4,974 -2,466 -4,880 -7,881
Net income 1 9,306 5,304 -7,231 -30,177 2,979 -41,557
Net Debt 1 4,602 2,787 6,736 7,367 9,776 21,324
Reference price 2 10,550.00 15,800.00 6,450.00 6,135.00 7,575.00 3,165.00
Nbr of stocks (in thousands) 20,001 21,789 22,221 22,932 23,693 24,996
Announcement Date 22/3/21 21/3/22 22/3/23 21/3/24 21/3/25 7/4/26
1KRW in Million2KRW
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21.88M
30.27x5.5x9.6x1.71% 123B
18.57x2.04x7.88x4.05% 64.95B
13.11x1.95x4.15x2.62% 24.84B
-126.13x8.49x10.58x3.09% 18.9B
13.28x2.97x6.71x4.08% 18.91B
-5.61x7.78x18.46x-.--% 15.18B
12.48x2.52x6.55x5.17% 12.65B
10.55x4.51x9.75x7.11% 11.32B
25.04x3.53x10.37x3.99% 11.67B
Average -0.94x 4.37x 9.34x 3.54% 30.1B
Weighted average by Cap. 11.94x 4.37x 9.01x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA