In today’s briefing:
- Gigavis IPO Valuation Analysis
Gigavis IPO Valuation Analysis
- Our base case valuation of Gigavis IPO is target price of 61,755 won per share, representing 56% higher than the high end of the IPO price range.
- We estimate the company to generate sales of 126.6 billion won (up 27% YoY) in 2023 and 150.9 billion won (up 19.2% YoY) in 2024.
- Our base case valuation is based on 21.8x P/E using our estimated net profit of 35.9 billion won in 2023.
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