Douzone Bizon Co., Ltd.

012510.KS · Technology · Software - Application · Valued as of 2026-11-03 · Statements 2025-12-31

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.

What it is worth

EPV + Growth

1.22B USD

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

Profit

1.07B USD

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

FCFF

807.24M USD

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

Average Intrinsic Value

1.03B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

2.54B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.41×

the ratio the screener ranks by

Margin of Safety

-146.0%

1 − Market Cap / Average Intrinsic Value

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.

Earnings power value plus growth: 1.22B 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)923.06M USD
−②Net Debt Today67.48M USD
+③Growth Value366.35M USD
=Value1.22B USD

EPV of the Operations (NOPAT over WACC)

923.06M USD

Net debt today

-67.48M USD

Growth Value

+366.35M USD

Value

1.22B USD

①EPV (earnings power value)

923.06M USD

②Net Debt Today

67.48M USD

③Growth Value

366.35M USD

Market value

Market Cap2.54B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-108.2%

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): 1.07B 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 FCFE558.38M USD
+②Equity at Year 15, Today515.60M USD
=Value1.07B 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

558.38M USD

②Equity at Year 15, Today

515.60M USD

Market value

Market Cap2.54B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-136.9%

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): 807.24M 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).
①Present Value of the 15 Years of FCFF586.53M USD
+②Invested Capital at Year 15, Today288.19M USD
−③Net Debt Today67.48M USD
=Value807.24M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

586.53M USD

②Invested Capital at Year 15, Today

288.19M USD

③Net Debt Today

67.48M USD

Market value

Market Cap2.54B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-215.2%

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: 5.64%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.21×Market Risk Premium 6.00%= 5.79%

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 19.72M USDPretax Income 83.97M USD= 23.49%

The tax the interest saves.

Interest Expense =EBIT 93.61M USD−Pretax Income 83.97M USD= 9.64M USD

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

Cost of Debt =Interest Expense 9.64M USDTotal Debt 196.93M USD×(1 − Tax Rate for WACC 23.49%)= 3.74%

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

Debt Weight =Total Debt 196.93M USDMarket Cap + Total Debt 2.54B USD + 196.93M USD= 7.18%

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

WACC =Equity Weight 92.82%×Cost of Equity 5.79%+Debt Weight 7.18%×Cost of Debt 3.74%= 5.64%

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, 2026-03-31.

Total Assets 757.97M USD − Total Liabilities 341.53M USD = Book Value Today 416.44M USD

Total Debt 196.93M USD − Cash and Short-Term Investments 129.45M USD = Net Debt Today 67.48M 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 − 11.7%at most 5%passes28,040,710 / 27,565,505
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets3.4%at least -10.0%passes(90.22M USD − 64.27M USD) ÷ 757.97M USD
Price to bookMarket Cap ÷ Book Value Today6.11×at most 3×does not pass2.54B USD ÷ 416.44M USD
Operating marginOperating Income ÷ Revenue28.6%above 10.0%passes88.92M USD ÷ 310.69M USD
Revenue growthRevenue ÷ Revenue a Year Before − 113.2%above 10.0%passes310.69M USD / 274.46M USD
Net cash(Cash − Total Debt) ÷ Market Cap-3.7%above -30%passes(101.83M USD − 196.93M USD) ÷ 2.54B USD
Operating efficiencyOperating Income ÷ Gross Profit57.1%above 25.0%passes88.92M USD ÷ 155.77M USD

Market Data

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

Share price

120120.00 KRW

Enterprise value

3.50T KRW

the provider's own figure

EV / EBITDA

21.19×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

15.6%

the provider's figure, not this page's

Profit margin

20.7%

Revenue growth

14.1%

Analyst target, mean

102185.42 KRW

Analysts

6

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

241.70M277.80M274.46M310.69M

Gross profit

95.26M120.64M125.51M155.77M

Operating income

36.17M56.69M60.07M88.92M

EBITDA

operating income before depreciation and amortisation

57.30M78.35M100.60M119.68M

Pretax income

24.83M37.63M65.05M83.97M

Net income

18.92M10.85M40.09M64.27M

Normalized income

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

25.74M17.26M42.60M71.41M

R&D

————
Balance sheet, year end

Total assets

661.55M733.71M707.82M786.62M

Total liabilities

313.26M350.39M329.34M346.80M

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

342.47M118.57M367.59M428.26M

Total debt

215.77M226.33M205.60M206.93M

Cash and equivalents

42.98M45.86M82.80M88.52M

Net PP&E

fixed assets after depreciation

296.39M301.01M255.82M254.81M

Working capital

current assets less current liabilities

4.91M-229.48M7.91M-148.61M
Cash flow

Operating cash flow

61.43M79.76M70.64M90.22M

Capital expenditure

paid out, so below zero

-27.16M-28.59M-11.87M-13.96M

Depreciation and amortisation

24.94M28.91M25.50M26.07M

Free cash flow

operating cash flow plus capital expenditure

34.27M51.17M58.77M76.25M