012030.KS
DB Inc.

Technology · Information Technology Services · valued as of 2026-11-03 · statements 2025-12-31

Average Intrinsic Value

373.83M USD

Market Cap

293.98M USD

Margin of Safety

21.4%

Intrinsic / Market Ratio

1.27×

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

190.59M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

602.33M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

328.56M USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

373.83M USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

373.83M USD

from the sum above

Market Cap

293.98M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.27×

the ratio the screener ranks by; Margin of Safety +21.4% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: 190.59M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)296.96M USD
−②Net Debt Today205.60M USD
+③Growth Value99.22M USD
=Value190.59M USD

EPV of the Operations (NOPAT over WACC)

296.96M USD

Net debt today

-205.60M USD

Growth Value

+99.22M USD

Value

190.59M USD

①EPV (earnings power value)

296.96M USD

②Net Debt Today

205.60M USD

③Growth Value

99.22M USD

Market value

Market Cap293.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-54.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 602.33M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE346.27M USD
+②Equity at Year 15, Today256.07M USD
=Value602.33M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

346.27M USD

②Equity at Year 15, Today

256.07M USD

Market value

Market Cap293.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+51.2%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 328.56M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 328.56M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap293.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+10.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 7.20%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.97×Market Risk Premium 6.00%= 10.33%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 5.77M USDPretax Income 40.19M USD= 14.35%

The tax the interest saves.

Interest Expense =EBIT 50.20M USD−Pretax Income 40.19M USD= 10.01M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 10.01M USDTotal Debt 246.52M USD×(1 − Tax Rate for WACC 14.35%)= 3.48%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 246.52M USDMarket Cap + Total Debt 293.98M USD + 246.52M USD= 45.61%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 54.39%×Cost of Equity 10.33%+Debt Weight 45.61%×Cost of Debt 3.48%= 7.20%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 699.88M USD − Total Liabilities 371.32M USD = Book Value Today 328.56M USD

Total Debt 246.52M USD − Cash and Short-Term Investments 40.92M USD = Net Debt Today 205.60M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes191,030,533 / 191,030,533
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-3.4%at least -10.0%passes(10.61M USD − 34.22M USD) ÷ 699.88M USD
Price to bookMarket Cap ÷ Book Value Today0.89×at most 3×passes293.98M USD ÷ 328.56M USD
Operating marginOperating Income ÷ Revenue6.5%above 10.0%does not pass28.96M USD ÷ 447.95M USD
Revenue growthRevenue ÷ Revenue a Year Before − 111.8%above 10.0%passes447.95M USD / 400.73M USD
Net cash(Cash − Total Debt) ÷ Market Cap-70.6%above -30%does not pass(38.97M USD − 246.52M USD) ÷ 293.98M USD
Operating efficiencyOperating Income ÷ Gross Profit42.2%above 25.0%passes28.96M USD ÷ 68.57M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

2037.03 KRW

Enterprise value

707.10B KRW

the provider's own figure

EV / EBITDA

13.88×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

14.5%

the provider's figure, not this page's

Profit margin

9.1%

Revenue growth

53.2%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

318.78M359.23M400.73M447.95M

Gross profit

53.04M66.40M57.10M68.57M

Operating income

18.75M29.00M20.21M28.96M

EBITDA

operating income before depreciation and amortisation

17.34M28.31M89.96M52.59M

Pretax income

8.79M20.12M75.59M40.19M

Net income

4.54M15.88M62.97M34.22M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

6.26M26.57M60.61M46.29M

R&D

————
Balance sheet, year end

Total assets

329.08M688.87M593.52M688.83M

Total liabilities

102.73M379.28M324.56M375.40M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

226.36M309.37M268.42M312.69M

Total debt

42.36M150.63M238.80M245.18M

Cash and equivalents

20.67M164.70M50.22M44.52M

Net PP&E

fixed assets after depreciation

7.93M8.77M61.93M72.28M

Working capital

current assets less current liabilities

3.35M-94.56M-26.79M-89.91M
Cash flow

Operating cash flow

21.53M41.08M1.54M10.61M

Capital expenditure

paid out, so below zero

-812.39K-2.50M-62.28M-2.77M

Depreciation and amortisation

5.24M5.21M4.39M2.38M

Free cash flow

operating cash flow plus capital expenditure

20.72M38.58M-60.74M7.83M