[Click eStock] "Korea Capital PBR 0.34x... Target Price 1,150 Won"

ValueFinder described Hankook Capital as "the only stock related to the value-up program not yet reflected, with a PBR (price-to-book ratio) of 0.34," and set a target price of 1,150 KRW with a buy recommendation.

Hankook Capital is a specialized credit finance company listed on the KOSDAQ market in 1994, with its largest shareholder being the Military Mutual Aid Association (holding 80.41%).

Based on 2024 forecasts, it analyzed that both the PER (price-to-earnings ratio) of 2.5 times and PBR of 0.34 times indicate an extremely undervalued situation.

As of the closing price on the 21st, the market capitalization was 206.7 billion KRW, and as of the end of Q3 2023, the cash and cash equivalents held amounted to 437.7 billion KRW.

This year, sales are projected at 362.7 billion KRW, operating profit at 113.3 billion KRW, and net income at 82.9 billion KRW.

The BPS (book value per share) is 1,919 KRW, and applying a target PER of 0.6 times to calculate the target price, it expects an upside potential of 75.6%.