Kumho Tire Co., Inc.

073240.KS · Consumer Cyclical · Auto Parts · 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

3.99B USD

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

Profit

4.48B USD

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

FCFF

1.73B USD

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

Average Intrinsic Value

3.40B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.49B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

2.28×

the ratio the screener ranks by

Margin of Safety

+56.1%

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: 3.99B 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)4.80B USD
−②Net Debt Today810.55M USD
+③Growth Value0 USD
=Value3.99B USD

EPV of the Operations (NOPAT over WACC)

4.80B USD

Net debt today

-810.55M USD

Growth Value

0 USD

Value

3.99B USD

①EPV (Earnings Power Value)

4.80B USD

②Net Debt Today

810.55M USD

③Growth Value

0 USD

Market value

Market Cap1.49B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+62.6%

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): 4.48B 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 FCFE1.82B USD
+②Equity at Year 15, Today2.66B USD
=Value4.48B 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

1.82B USD

②Equity at Year 15, Today

2.66B USD

Market value

Market Cap1.49B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+66.7%

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): 1.73B 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, 1.73B 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 Cap1.49B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+13.8%

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: 4.90%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.21×Market Risk Premium 6.00%= 5.74%

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 57.95M USDPretax Income 320.24M USD= 18.10%

The tax the interest saves.

Interest Expense =EBIT 383.51M USD−Pretax Income 320.24M USD= 63.27M USD

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

Cost of Debt =Interest Expense 63.27M USDTotal Debt 1.31B USD×(1 − Tax Rate for WACC 18.10%)= 3.94%

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

Debt Weight =Total Debt 1.31B USDMarket Cap + Total Debt 1.49B USD + 1.31B USD= 46.84%

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

WACC =Equity Weight 53.16%×Cost of Equity 5.74%+Debt Weight 46.84%×Cost of Debt 3.94%= 4.90%

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 4.13B USD − Total Liabilities 2.40B USD = Book Value Today 1.73B USD

Total Debt 1.31B USD − Cash and Short-Term Investments 504.35M USD = Net Debt Today 810.55M 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%passes287,260,287 / 287,260,287
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets9.6%at least -10.0%passes(637.18M USD − 241.84M USD) ÷ 4.13B USD
Price to bookMarket Cap ÷ Book Value Today0.86×at most 3×passes1.49B USD ÷ 1.73B USD
Operating marginOperating Income ÷ Revenue12.3%above 10.0%passes401.02M USD ÷ 3.27B USD
Revenue growthRevenue ÷ Revenue a Year Before − 15.9%above 10.0%does not pass3.27B USD / 3.09B USD
Net cash(Cash − Total Debt) ÷ Market Cap-55.8%above -30%does not pass(482.20M USD − 1.31B USD) ÷ 1.49B USD
Operating efficiencyOperating Income ÷ Gross Profit39.6%above 25.0%passes401.02M USD ÷ 1.01B USD

Market Data

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

Share price

6876.87 KRW

Enterprise value

3.47T KRW

the provider's own figure

EV / EBITDA

3.85×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

22.4%

the provider's figure, not this page's

Profit margin

10.0%

Revenue growth

9.1%

Analyst target, mean

8433.42 KRW

Analysts

8

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.

Income statement (USD)2022202320242025

Revenue

2.83B3.17B3.09B3.27B

Gross profit

480.05M869.58M942.92M1.01B

Operating income

18.65M322.88M402.15M401.02M

EBITDA

operating income before depreciation and amortisation

219.06M527.01M591.79M595.67M

Pretax income

-66.75M177.92M295.57M320.24M

Net income

-62.73M123.59M221.62M241.84M

Normalized income

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

-68.10M146.61M229.84M197.31M

R&D

—33.66M32.52M36.75M
Balance sheet, year end (USD)2022202320242025

Total assets

3.73B3.78B3.66B3.86B

Total liabilities

2.74B2.69B2.36B2.30B

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

894.45M990.45M1.17B1.41B

Total debt

1.91B1.76B1.40B1.30B

Cash and equivalents

137.58M202.50M141.76M400.12M

Net PP&E

fixed assets after depreciation

2.07B2.00B1.91B1.89B

Working capital

current assets less current liabilities

-448.31M90.77M52.51M223.78M
Cash flow (USD)2022202320242025

Operating cash flow

-143.01M395.72M354.67M637.18M

Capital expenditure

paid out, so below zero

-296.81M-151.07M-169.44M-218.13M

Depreciation and amortisation

203.91M214.53M199.92M212.16M

Free cash flow

operating cash flow plus capital expenditure

-439.82M244.65M185.23M419.05M