Korea District Heating 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 8, 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	859,143	1,116,191	479,360	283,100	329,994	448,676
Market Cap Growth	51.12%	132.85%	69.33%	-14.21%	-26.45%	-3.96%
Enterprise Value	5,147,668	5,235,758	4,534,396	4,114,637	3,644,211	3,247,591
Last Close Price	74200.00	89790.48	35542.70	20990.80	24467.80	33267.63
PE Ratio	2.64	3.29	2.28	1.48	-	27.71
Forward PE	4.64	14.33	14.33	14.33	14.33	14.33
PS Ratio	0.21	0.28	0.13	0.07	0.08	0.18
PB Ratio	0.37	0.49	0.21	0.14	0.20	0.25
P/TBV Ratio	0.38	0.50	0.22	0.14	0.21	0.26
P/FCF Ratio	2.50	3.24	-	-	-	-
P/OCF Ratio	1.27	1.65	1.15	-	22.58	1.07
EV/Sales Ratio	1.29	1.31	1.27	1.04	0.87	1.28
EV/EBITDA Ratio	5.72	5.83	6.85	6.53	-	10.67
EV/EBIT Ratio	9.67	9.88	13.87	13.00	-	83.26
EV/FCF Ratio	14.95	15.21	-	-	-	-
Debt / Equity Ratio	1.87	1.87	1.91	1.96	2.15	1.65
Debt / EBITDA Ratio	4.80	4.80	6.54	6.51	-	9.87
Debt / FCF Ratio	12.51	12.51	-	-	-	-
Net Debt / Equity Ratio	1.86	1.86	1.91	1.95	2.12	1.64
Net Debt / EBITDA Ratio	4.78	4.78	6.53	6.49	-30.10	9.81
Net Debt / FCF Ratio	12.46	12.46	-18.60	-5.22	-6.99	-30.44
Asset Turnover	0.48	0.48	0.44	0.51	0.60	0.40
Inventory Turnover	185.07	185.07	72.03	58.38	90.05	61.19
Quick Ratio	0.48	0.48	0.57	0.40	0.50	0.42
Current Ratio	0.51	0.51	0.62	0.44	0.56	0.47
Return on Equity (ROE)	14.83%	14.83%	9.62%	10.61%	-10.54%	1.18%
Return on Assets (ROA)	3.99%	3.99%	2.50%	2.56%	-3.60%	0.39%
Return on Invested Capital (ROIC)	6.33%	6.21%	4.12%	4.77%	-8.06%	0.61%
Return on Capital Employed (ROCE)	8.30%	8.30%	4.90%	5.30%	-7.40%	0.80%
Earnings Yield	39.44%	30.36%	43.84%	70.44%	-55.72%	4.78%
FCF Yield	40.07%	30.84%	-48.49%	-276.31%	-153.48%	-21.86%
Dividend Yield	8.32%	-	-	-	-	2.40%
Payout Ratio	18.43%	18.43%	9.32%	5.39%	-	84.43%
Buyback Yield / Dilution	3.32%	3.32%	-7.72%	-	-	-
Total Shareholder Return	12.18%	3.32%	-7.72%	-	-	2.40%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.