Daily Brief Consumer: Daesang Corporation, Installed Building Products, Netflix Inc, Universal Corp/Va and more

• Daesang is one of the leading F&B companies in Korea. It is especially well known for its sauces, kimchi, and miwon (MSG) food ingredients. 
• Daesang has relatively attractive valuation multiples. It is trading at P/E of 5.6x, P/B of 0.46x, and EV/EBIT of 6.4x in 2025. Daesang consistently generates positive net profit.
• Daesang Holdings (084690 KS) is the largest shareholder of Daesang Corp with a 39.3% stake. Two sisters (Lim Sang-Min and Lim Se-Ryeong) are the two largest shareholders of Daesang Holdings.

• Installed Building Products Inc. (IBP) reported a strong third quarter for 2024, displaying record revenue and profitability driven by organic growth and strategic acquisitions.
• The quarter’s earnings highlighted robust performance across residential and commercial segments, although some challenges persist.
• On the positive side, IBP achieved a consolidated net revenue increase of 8% year-over-year, reaching $761 million.

• Netflix has become synonymous with on-demand entertainment, revolutionizing how viewers consume content.
• Yet, in a bid to diversify its offerings and capture a broader audience, the streaming giant is making a calculated foray into live entertainment.
• On Christmas Day 2024, Netflix is set to air its first-ever NFL games, a high-stakes move that includes major star power like Beyoncé performing at halftime.

• Universal Corporation is experiencing challenges due to questions about its terminal value and high leverage, making its equity more vulnerable
• The company has significantly increased its debt in recent years, leading to a decrease in market cap while enterprise value has risen
• Universal is the top producer of tobacco leaf, primarily used in American-blend cigarettes, but faces competition from other producers like Alliance One in a declining market

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.