KB No.34 SPAC

₩1,881As of Sun 8 Nov 2026, 12:00 UTC

KOSDAQ:0209J0Financials

Country South Korea

PE (Fwd) •••

TSR 10Y CAGR —

Div yield —

ROE —

Shell Companies

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap ₩13.56B

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

₩2,137

13.61%

31.12%

Hold 8|3|4|7|0

TTM

FYE 31 Dec KRW

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

1.704

Revenue₩B

3.983

4.317

4.609

4.901

5.228

5.613

5.952

6.372

6.664

7.081

1.871

6.26%

6.52%

20.17

Revenue growth%

0.90

1.29

3.35

3.46

6.39

7.58

5.01

6.32

9.02

9.52

27.89

7.58

5.66

8.45

Gross margin%

16.70

16.92

14.61

12.86

14.43

13.85

11.35

10.77

9.06

7.47

12.35

10.77

13.35

25.12

Operating margin%

20.67

21.23

23.08

21.32

22.22

22.36

20.57

20.94

22.74

23.16

21.78

22.36

21.77

19.21

Net margin%

10.26

8.55

9.09

11.71

8.92

11.86

14.70

16.18

17.16

16.42

22.91

16.18

11.78

23.31

P/E ratio (avg)x

10.70

9.999

10.66

11.45

10.78

9.260

9.532

10.21

9.015

9.138

9.081

9.260

10.10

12.70

EV/EBITx

15.97

15.27

17.72

19.85

22.36

22.28

24.51

25.09

25.02

28.63

31.64

25.02

22.32

21.90

FCF yield (avg)%

13.62

15.09

16.56

16.64

17.21

18.79

17.81

19.81

17.07

15.10

22.37

17.81

16.86

28.17

FCF margin%

25.33

27.97

26.74

24.17

21.99

23.48

20.99

19.27

19.84

20.96

19.57

20.96

22.73

1.285

FCF / Net incomex

0.196

0.218

0.252

0.286

0.302

0.354

0.407

0.421

0.436

0.492

1.636

0.421

0.328

13.02

ROIC%

15.33

16.81

17.89

20.69

19.89

21.43

22.89

23.53

22.33

22.42

25.76

22.42

21.06

21.40

Return on equity%

15.82

18.49

21.08

20.03

20.51

22.46

19.87

19.50

21.56

22.85

7.60

21.56

20.27

22.26

Return on assets%

9.83

8.96

9.33

6.66

4.90

4.81

5.67

3.69

5.41

8.01

25.86

5.41

6.16

198.00

EPS₩

161.70

180.81

218.10

211.44

251.40

247.90

277.34

274.43

304.85

322.61

212.49

5.11%

6.99%

—

3.51

EPS growth%

14.30

14.60

14.88

12.95

11.95

12.53

12.86

12.85

13.59

14.52

12.20

12.86

13.27

203.17

Bookvalue per sh₩

316.58

303.58

300.13

349.48

343.23

367.21

389.46

387.80

412.52

449.26

174.17

5.53%

5.35%

—

94.30

FCF per share₩

166.17

157.75

141.87

120.15

120.59

115.57

110.63

111.00

99.05

84.71

182.62

(6.82%)

(7.85%)

—

41.10

Dividend per sh₩

216.02

208.32

195.97

200.78

214.19

223.70

253.60

292.42

331.72

358.78

122.39

10.87%

6.18%

—

11.37

Div yield (avg)%

13.41

15.12

16.53

18.62

17.02

19.94

22.61

23.18

22.70

24.16

10.69

22.70

19.28

6.23

Payout ratio%

22.29

22.48

22.69

21.48

21.43

22.32

20.98

23.68

21.29

22.13

11.34

22.13

22.21

7.365

Shares (diluted)M

7.624

7.246

6.688

6.615

6.175

6.073

5.721

5.661

5.451

5.946

7.098

(0.75%)

(1.74%)

7.87

Buyback yield%

4.07

1.77

0.40

1.18

0.71

0.47

0.40

2.83

1.98

3.72

19.49

1.98

1.48

0.431

D/E ratiox

1.683

1.796

1.792

2.008

2.030

2.255

2.614

2.945

3.379

3.397

0.524

2.945

2.143

0.889

Enterprise value₩B

5.267

5.374

5.373

5.211

5.274

5.587

5.527

5.584

5.831

6.791

2.323

5.19%

4.25%

3.859

LT debt₩B

2.900

2.763

2.729

2.735

2.581

2.731

2.849

3.153

3.537

0.590

5.28%

2.18%

Peers (US$9.999M)

Cap (US$)

Mirae Asset Vision…

10.53M

71.87x

Korea No.15 Special…

10.48M

69.67x

Nh Special Purpose…

9.707M

74.54x

Kyobo 16 Special…

9.287M

279.7x

Capital

TTM

10Y

Leveragex

0.226

2.628

2.216

EBIT/Intx

2.931

1.192

1.150

Own earn%

293.40

(46.77)

(38.70)

Sh yield%

19.24

24.68

20.10

Owners

Insiders/Inst%

5.04

49.30

Short interest%

2.06

SBC / revenue%

4.55

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

21–23

$1 testx

15.2

Incr. ROIC%

KB No.34 Special Acquisition Company Co., Ltd. focuses on effecting a merger and acquisition with other businesses. The company was incorporated in 2026 and is based in Seoul, South Korea.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₩7.081B

6.52%

1.00×

Cost of revenue

₩4.408B

7.08%

1.05×

Operating expenses

₩1.047B

5.52%

0.91×