AJU IB INVESTMENT CO LTD

Chart & Performance

D1W1MN

P/E

17.32

P/S

5.35

EPS

140.32

Div Yield, %

0.82%

Shrs. gr., 5y

1,072.44%

Rev. gr., 5y

23.69%

Revenues

53.74b

+125.82%

Net income

16.60b

+714.19%

CFO

24.88b

+12.22%

Dividend

Dec 27, 202320 KRW/sh

Profile

Aju IB Investment Co., Ltd. is a venture capital and private equity arm of AJU Corporation Co., Ltd. It specializes in mezzanine, buyouts, corporate restructuring, and all stages of venture investments in small to medium sized start-up companies in South Korea. The firm considers investments in information technology including mobile service platforms, software, semiconductor, contents, biotechnology, life science, and environment sectors. For venture capital investments, it focuses on high technology sector and for private equity investments, the firm focuses on manufacturing sector. It typically invests in South Korea but also makes investments in other countries. The firm also considers investments in companies with main business in immune system platform technology, oncology drugs, and ophthalmic drugs. It also invests in information communication technology including Internet of Things, artificial intelligence, smart car, and advanced materials. The firm considers investments in companies that have been evaluated by technology credit bureaus or in companies with ratings of T5 and above, which is provided by technology credit bureaus. For the investments by the office in Boston, Massachusetts, the firm primarily invests in therapeutics serving large unmet medical need; enabling platform technologies with maturing lead candidate; potential for partnership or alliance with Korean pharmaceutical companies; other areas of interest are medical devices & diagnostics. It prefers to invest between $0.87 million to $2.61 million for venture capital investments and $4.36 million to $17.45 million for private equity investments. The firm typically exits through IPO and mergers and acquisitions. Aju IB Investment Co., Ltd., formerly known as Kibo Technology Advancing Capital Co., was founded in 1974 and is based in Seoul, South Korea with an additional office in Boston, Massachusetts.

URL

http://www.ajuib.co.kr/

IPO date

Nov 21, 2018

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title KRW in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title KRW in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	53,740,828 125.82%	23,798,297 -59.92%
Cost of revenue	4,683,331	15,579,907
Unusual Expense (Income)
NOPBT	49,057,496	8,218,390
NOPBT Margin	91.29%	34.53%
Operating Taxes	1,147,176	2,486,013
Tax Rate	2.34%	30.25%
NOPAT	47,910,321	5,732,377
Net income	16,601,631 714.19%	2,039,025 -94.82%
Dividends	(2,358,810)	(11,795,402)
Dividend yield	0.72%	4.44%
Proceeds from repurchase of equity	32,104
BB yield	-0.01%
Debt
Debt current		1,678,453
Long-term debt	29,658,139	38,230,533
Deferred revenue	1,346,250	1,982,191
Other long-term liabilities	72,109,647	71,114,306
Net debt	(245,099,910)	(298,945,759)
Cash flow
Cash from operating activities	24,877,669	22,168,832
CAPEX	(106,539)	(651,774)
Cash from investing activities	9,004,400	(20,099,385)
Cash from financing activities	(31,511,879)	(13,329,173)
FCF	37,888,548	(6,053,721)
Balance
Cash	36,522,351	45,034,623
Long term investments	238,235,698	293,820,123
Excess cash	272,071,008	337,664,831
Stockholders' equity	273,779,971	454,087,819
Invested Capital	71,540,229	12,471,879
ROIC	114.06%	234.09%
ROCE	13.83%	2.26%
EV
Common stock shares outstanding	118,526	119,912
Price	2,750.00 24.15%	2,215.00 -44.63%
Market cap	325,947,523 22.72%	265,605,341 -42.71%
EV	117,093,537	192,083,684
EBITDA	51,004,026	9,886,305
EV/EBITDA	2.30	19.43
Interest	1,662,489	1,314,148
Interest/NOPBT	3.39%	15.99%