023810.KS
INFAC Corporation

Consumer Cyclical · Auto Parts · valued as of 2026-11-03 · statements 2025-12-31

Average Intrinsic Value

152.15M USD

Market Cap

40.76M USD

Margin of Safety

73.2%

Intrinsic / Market Ratio

3.73×

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

114.67M USD

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

Profit

223.69M USD

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

FCFF

118.10M USD

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

Intrinsic Value

152.15M USD

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

Intrinsic Value

152.15M USD

from the sum above

Market Cap

40.76M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

3.73×

the ratio the screener ranks by; Margin of Safety +73.2% (1 − Market Cap ÷ Intrinsic Value)

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

Earnings power value plus growth: 114.67M 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)345.02M USD
−②Net Debt Today230.35M USD
+③Growth Value0 USD
=Value114.67M USD

EPV of the Operations (NOPAT over WACC)

345.02M USD

Net debt today

-230.35M USD

Growth Value

0 USD

Value

114.67M USD

①EPV (earnings power value)

345.02M USD

②Net Debt Today

230.35M USD

③Growth Value

0 USD

Market value

Market Cap40.76M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+64.5%

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): 223.69M 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 FCFE136.28M USD
+②Equity at Year 15, Today87.41M USD
=Value223.69M 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 rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

136.28M USD

②Equity at Year 15, Today

87.41M USD

Market value

Market Cap40.76M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+81.8%

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): 118.10M 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, 118.10M 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 Cap40.76M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+65.5%

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: 3.62%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.86×Market Risk Premium 6.00%= 9.68%

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 2.75M USDPretax Income 15.34M USD= 17.94%

The tax the interest saves.

Interest Expense =EBIT 23.14M USD−Pretax Income 15.34M USD= 7.80M USD

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

Cost of Debt =Interest Expense 7.80M USDTotal Debt 244.83M USD×(1 − Tax Rate for WACC 17.94%)= 2.61%

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

Debt Weight =Total Debt 244.83M USDMarket Cap + Total Debt 40.76M USD + 244.83M USD= 85.73%

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

WACC =Equity Weight 14.27%×Cost of Equity 9.68%+Debt Weight 85.73%×Cost of Debt 2.61%= 3.62%

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 512.02M USD − Total Liabilities 393.92M USD = Book Value Today 118.10M USD

Total Debt 244.83M USD − Cash and Short-Term Investments 14.48M USD = Net Debt Today 230.35M 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%passes10,000,000 / 10,000,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets11.9%at least -10.0%passes(69.14M USD − 8.32M USD) ÷ 512.02M USD
Price to bookMarket Cap ÷ Book Value Today0.35×at most 3×passes40.76M USD ÷ 118.10M USD
Operating marginOperating Income ÷ Revenue3.4%above 10.0%does not pass13.77M USD ÷ 408.25M USD
Revenue growthRevenue ÷ Revenue a Year Before − 16.1%above 10.0%does not pass408.25M USD / 384.65M USD
Net cash(Cash − Total Debt) ÷ Market Cap-568.2%above -30%does not pass(13.22M USD − 244.83M USD) ÷ 40.76M USD
Operating efficiencyOperating Income ÷ Gross Profit19.8%above 25.0%does not pass13.77M USD ÷ 69.42M USD

Market Data

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

Share price

5395.39 KRW

Enterprise value

456.17B KRW

the provider's own figure

EV / EBITDA

9.98×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

7.0%

the provider's figure, not this page's

Profit margin

0.9%

Revenue growth

29.3%

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

406.86M425.28M384.65M408.25M

Gross profit

59.49M67.07M62.03M69.42M

Operating income

16.53M18.42M13.66M13.77M

EBITDA

operating income before depreciation and amortisation

32.62M42.92M31.47M41.98M

Pretax income

13.65M18.38M6.73M15.34M

Net income

10.49M8.71M1.59M8.32M

Normalized income

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

12.50M5.04M1.38M23.94M

R&D

3.28M3.92M5.40M5.64M
Balance sheet, year end

Total assets

326.58M378.26M379.43M465.90M

Total liabilities

217.24M258.91M268.25M343.71M

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

90.54M94.23M84.89M92.05M

Total debt

104.15M146.90M174.58M199.17M

Cash and equivalents

5.15M5.78M5.91M31.90M

Net PP&E

fixed assets after depreciation

162.05M211.32M217.36M258.79M

Working capital

current assets less current liabilities

-17.62M-44.39M-50.68M-57.95M
Cash flow

Operating cash flow

31.48M19.39M3.36M69.14M

Capital expenditure

paid out, so below zero

-46.08M-55.17M-40.29M-69.35M

Depreciation and amortisation

16.12M17.58M17.00M18.84M

Free cash flow

operating cash flow plus capital expenditure

-14.60M-35.78M-36.92M-206.99K