Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Godrej Agrovet - Palm Oil and Animal Feed Drive Operating Performance

CJ Cheiljedang: Considering a Potential Sale of Its Bio Business

Industry Update - Will the Meat Sector Benefit from US Tariffs?

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>Easy Bio Inc is one of the leaders specializing in piglet feed and animal feed additives in Korea. </li>
<li>The company completed an excellent M&amp;A of a company in the US called Devenish Nutrition in February 2024 for 88 billion won. </li>
<li>If we assume a P/E of 10x and apply this on consensus net profit estimate of 36.3 billion won in 2026, this would suggest market cap of 363 billion won. </li>
</ul>


Easy Bio Inc is one of the leaders specializing in piglet feed and animal feed additives in Korea. 
The company completed an excellent M&amp;A of a company in the US called Devenish Nutrition in February 2024 for 88 billion won. 
If we assume a P/E of 10x and apply this on consensus net profit estimate of 36.3 billion won in 2026, this would suggest market cap of 363 billion won. 


한국 소형주 보석 #37: 이지바이오(주)