Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Outin Futures Inc. / Equity Capital Markets

Outin Futures Corp is a small cap Korean cosmetics company. The IPO date is scheduled on July 12th. We recommend investors to pass on this deal. Our base case valuation is 30,000 won, which is at the top end of the IPO valuation range (26,000 won to 30,000 won).We have assumed a 13.9x P/E multiple (2018), which is 20% discount to the comparable companies' average P/E multiples in 2018. We have chosen Cosmecca Korea (241710 KS), Clio Cosmetics (237880 KS), and Neopalm as comps for the company. We…

Outin Futures Corp is a small cap Korean cosmetics company. The IPO date is scheduled on July 12th. We recommend investors to pass on this deal. Our base case valuation is 30,000 won, which is at the top end of the IPO valuation range (26,000 won to 30,000 won).We have assumed a 13.9x P/E multiple (2018), which is 20% discount to the comparable companies' average P/E multiples in 2018. We have chosen Cosmecca Korea (241710 KS), Clio Cosmetics (237880 KS), and Neopalm as comps for the company. We…

Outin Futures Corp IPO - Valuations (Part 2)

Thematic (Sector/Industry)

In this report, we provide various data analysis of the major Korean cosmetics companies. Korea has become the world's fourth largest cosmetics exporting country in the world, after France, US, and Germany. There are many public cosmetics companies to choose from in the Korean stock market. We have chosen the 17 companies listed below. There are several more cosmetics related IPOs coming up in Korea in 2017 including <a href="https://www.smartkarma.com/entities/24168" target="_blank" data-smartkarma-citation="entities:24168:1">Outin Futures Inc. (227610 KS)</a> (see our report <a href="https://www.smartkarma.com/insights/outin-futures-corp-ipo-preview-part-1" target="_blank" data-smartkarma-citation="insights:11212">Outin Futures Corp IPO Preview</a>…

In this report, we provide various data analysis of the major Korean cosmetics companies. Korea has become the world's fourth largest cosmetics exporting country in the world, after France, US, and Germany. There are many public cosmetics companies to choose from in the Korean stock market. We have chosen the 17 companies listed below. There are several more cosmetics related IPOs coming up in Korea in 2017 including Outin Futures Inc. (227610 KS) (see our report Outin Futures Corp IPO Preview…

Data Analysis of Major Korean Cosmetics Companies: Why Are ODMs Outperforming Brand Companies?

South Korea

Outin Futures Inc. operates as a cosmetics developing company. The Company offers cosmetics product planning services, prescription development services, design development services, and  other services.

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Outin Futures Inc. (227610 KS)

Outin Futures Corp IPO - Valuations (Part 2)

Outin Futures Corp is a small cap Korean cosmetics company. The IPO date is scheduled on July 12th. We recommend investors to pass on this deal....

Douglas Kim

Data Analysis of Major Korean Cosmetics Companies: Why Are ODMs Outperforming Brand Companies?

In this report, we provide various data analysis of the major Korean cosmetics companies. Korea has become the world's fourth largest cosmetics...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)