GemVax&KAEL Ratios and Metrics

Market cap in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 26, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	1,993,526	587,263	523,463	465,482	694,507	943,346
Market Cap Growth	164.42%	12.19%	12.46%	-32.98%	-26.38%	-36.20%
Enterprise Value	2,044,205	612,303	514,356	454,070	675,698	901,065
Last Close Price	46600.00	14800.00	13280.00	11850.00	17500.00	23900.00
PE Ratio	-	-	-	-	57.60	576.97
PS Ratio	27.07	9.37	7.25	6.14	11.50	14.37
PB Ratio	39.63	20.25	4.85	3.47	4.51	6.98
P/TBV Ratio	41.93	22.83	5.08	3.54	4.59	7.08
P/FCF Ratio	-	-	-	-	-	263.48
P/OCF Ratio	-	-	146.81	-	-	67.60
EV/Sales Ratio	27.76	9.77	7.12	5.99	11.19	13.72
EV/EBITDA Ratio	-	-	-	-	-	537.04
EV/FCF Ratio	-111.69	-	-	-	-	251.67
Debt / Equity Ratio	1.40	2.55	0.14	0.06	0.05	0.11
Debt / EBITDA Ratio	-	-	-	-	-	8.73
Debt / FCF Ratio	-	-	-	-	-	4.09
Net Debt / Equity Ratio	1.01	2.30	-0.06	-0.26	-0.18	-0.29
Net Debt / EBITDA Ratio	-6.57	-1.96	1.59	39.72	201.41	-23.73
Net Debt / FCF Ratio	-2.77	-2.09	1.26	2.94	2.64	-11.12
Asset Turnover	0.49	0.44	0.50	0.47	0.37	0.41
Inventory Turnover	5.40	6.93	5.25	5.90	6.45	7.82
Quick Ratio	0.37	0.25	0.99	2.97	2.63	2.86
Current Ratio	0.51	0.36	1.30	3.80	3.26	3.31
Return on Equity (ROE)	-95.34%	-127.30%	-22.43%	-13.60%	8.34%	1.44%
Return on Assets (ROA)	-5.01%	-16.76%	-3.44%	-1.52%	-0.92%	-0.02%
Return on Capital Employed (ROCE)	-13.90%	-47.60%	-7.20%	-2.90%	-1.60%	0.00%
Earnings Yield	-3.00%	-14.85%	-5.19%	-4.21%	1.74%	0.17%
FCF Yield	-0.92%	-5.42%	-0.94%	-2.59%	-1.49%	0.38%
Buyback Yield / Dilution	-2.70%	-0.64%	0.17%	8.46%	-9.88%	-9.00%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.