MH Ethanol Ratios and Metrics

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	28,967	31,210	35,567	44,453	49,530	66,387
Market Cap Growth	-10.32%	-12.25%	-19.99%	-10.25%	-25.39%	21.28%
Enterprise Value	79,567	205,493	248,633	269,863	257,265	276,421
Last Close Price	4520.00	4870.00	5274.70	6196.16	6654.72	8642.93
PE Ratio	-	-	-	9.52	9.94	11.23
PS Ratio	0.31	0.33	0.35	0.42	0.45	0.65
PB Ratio	0.46	0.50	0.46	0.45	0.52	0.78
P/TBV Ratio	0.53	0.57	0.60	0.69	0.81	1.15
P/FCF Ratio	1.54	1.66	3.23	2.94	4.34	3.29
P/OCF Ratio	1.25	1.35	2.09	2.32	3.01	2.52
EV/Sales Ratio	0.84	2.17	2.48	2.56	2.32	2.71
EV/EBITDA Ratio	4.21	10.86	10.10	8.13	7.06	7.24
EV/EBIT Ratio	11.90	30.74	24.92	14.27	11.73	11.85
EV/FCF Ratio	4.23	10.93	22.59	17.85	22.55	13.70
Debt / Equity Ratio	1.15	1.15	2.54	2.27	2.41	2.79
Debt / EBITDA Ratio	3.79	3.79	7.96	6.78	6.31	6.19
Debt / FCF Ratio	3.81	3.81	17.79	14.88	20.16	11.71
Net Debt / Equity Ratio	0.77	0.77	2.14	1.98	2.12	2.44
Net Debt / EBITDA Ratio	2.54	2.54	6.70	5.91	5.56	5.41
Net Debt / FCF Ratio	2.55	2.55	14.98	12.98	17.75	10.24
Asset Turnover	0.29	0.29	0.24	0.24	0.25	0.23
Inventory Turnover	5.97	5.97	6.05	6.56	7.53	6.67
Quick Ratio	0.20	0.20	0.15	0.23	0.21	0.13
Current Ratio	0.27	0.27	0.21	0.33	0.28	0.18
Return on Equity (ROE)	-16.96%	-16.96%	-22.29%	5.36%	13.22%	10.52%
Return on Assets (ROA)	1.26%	1.26%	1.47%	2.65%	3.05%	3.24%
Return on Invested Capital (ROIC)	3.82%	3.79%	3.71%	4.27%	7.44%	5.89%
Return on Capital Employed (ROCE)	7.90%	7.90%	8.90%	7.20%	8.50%	15.10%
Earnings Yield	-8.23%	-7.64%	-8.74%	10.51%	10.06%	8.90%
FCF Yield	64.91%	60.24%	30.95%	34.01%	23.04%	30.40%
Dividend Yield	4.73%	-	-	4.04%	3.76%	4.05%
Payout Ratio	-	-	-	34.84%	45.70%	38.54%
Buyback Yield / Dilution	1.12%	1.12%	0.44%	-	-	-
Total Shareholder Return	6.31%	1.12%	0.44%	4.04%	3.76%	4.05%

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