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DB Inc.012030.KSCompetitor analysis, valuation and peers

South Korea · KRW·Information Technology›Information Technology Services
Momentum leader 96
Mkt cap
$293M
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$2.80M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-1.4 pp
WACC 5.6%
Hurdle
-22 pp
Req g minus delivered
Close · KRW₩2,085
1D-7.1%
1W-7.7%
1M+3.5%
3M+44.4%
6M+3.7%
YTD+41.5%
1Y+39.9%
ATR %7.9%
52w lowhigh21.0% off high

What DB Inc. does

Employees: 975

DB Inc. at a glance

Size DB Inc. (012030.KS) is a South Korea Information Technology company (Information Technology Services) with a market value of $293M, the 470th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩2,085 on 6 Nov 2026.

Performance Over six months the shares gained 3.7%, against -2.3% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 23.3% over the last twelve months (peer median +8.2%); the operating margin is 6.3% (peer median 8.9%).

Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.6× (5th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -22 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.4 points below its cost of capital (5.6% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026012030.KS 106Peer median 98
Six months, rebased to 100: DB Inc. against the median of its 20 peers (local-currency closes).

DB Inc. financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩748B₩643B₩587B₩459B₩401B
Revenue growth—+10%+28%+14%—
Gross profit₩105B₩96.6B₩79.1B₩79.9B₩62.1B
EBITDA₩50.9B₩45.0B₩36.1B₩43.7B₩30.2B
Net income₩67.9B₩49.2B₩92.3B₩20.3B₩5.71B
Free cash flow₩128B₩12.7B-₩88.5B₩50.6B₩26.4B
Capital expenditure₩2.76B₩3.98B₩91.3B₩3.19B₩1.02B
Total debt₩380B₩352B₩350B₩192B₩53.3B

Quarterly statements and history in the cockpit →

DB Inc. competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%0%600661301390688651304068703687INF688066NCC3371RSYSTEMSAURIONPRO6533ALIT3013783817SWPTLS4832012030.KS6-month return →1-month return →
Up and to the right = strong over both horizons. DB Inc. is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%0×5×10×600661301390688651304068703687INF688066NCCRSYSTEMSAURIONPRO6533ALIT3013783817TLS4832012030.KSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. DB Inc. is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-25%0%25%50%60066130403687INF688066NCC3371RSYSTEMS6533ALIT38173854SWPTLS012030.KSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. DB Inc. is the large dot.

DB Inc. competitors and peer comparison

How DB Inc. compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

DB Inc. against its 20 peers (data as of 6 Nov 2026)
Measure012030.KSPeer medianRank in peer set
1-month return+3.5%-2.5%9th highest of 21
6-month return+3.7%-2.3%8th highest of 21
Distance from 52-week high-21.0%-33.6%7th highest of 21
Revenue growth (TTM)+23.3%+8.2%5th highest of 21
Operating margin6.3%8.9%9th lowest of 21
EV / Sales1.0×1.6×5th cheapest of 21
Growth the price implies (Req g, 7 yrs)-3.5%-2.3%8th least demanding of 16
Growth delivered (Del g)+18.8%+4.6%2nd highest of 16
Hurdle (Req g minus delivered)-22.3 pp-2.2 pp3rd least demanding of 16
ROIC minus cost of capital-1.4 pp+2.3 pp9th lowest of 19
EV / EBITDA14.1×8.5×4th most expensive of 13
Net debt / EBITDA6.2×-1.3×most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
DB Inc. 012030.KSSouth Korea$293M+4%+23%6%1.0×-3.5%+18.8%
Shanghai Xinnanyang Only Education & Technology 600661.SSChina$308M-23%+11%7%1.2×-5.6%-5.4%
Hangzhou Gisway Information Technology 301390.SZChina$308M-2%-35%-10%3.9×n/an/a
WebRAY Tech 688651.SSChina$316M-28%-5%-34%6.8×n/an/a
Soliton Systems K.K 3040.TJapan$316M+51%+12%18%1.5×1.8%+3.7%
Turn Cloud Technology Service 6870.TWOTaiwan$318M+159%+35%24%11.6×n/an/a
Fixstars 3687.TJapan$321M+23%+13%26%4.2×26.6%+10.8%
Infotel INF.PAFrance$321M+3%+5%9%0.7×-14.4%+4.6%
Piesat Information Technology 688066.SSChina$323M-55%-81%-1,364%29.3×52.9%-12.0%
NCC NCC.LUnited Kingdom$324M+18%-38%-10%1.4×-4.1%-2.0%
Softcreate 3371.TJapan$328M+9%+12%18%1.0×-12.5%+7.2%
R Systems International RSYSTEMS.NSIndia$336M-11%+24%13%1.5×14.7%+17.3%
Aurionpro Solutions AURIONPRO.NSIndia$338M-33%+12%15%2.1×n/an/a
Andes Technology 6533.TWTaiwan$343M-12%+26%-21%6.5×24.6%+20.5%
Alight ALITUnited States$347M-31%-4%0%0.9×29.4%-3.7%
Nanjing TDH Technology 301378.SZChina$347M-26%-2%-39%4.5×n/an/a
SRA 3817.TJapan$352M0%-5%16%0.7×-20.2%+6.2%
I'LL 3854.TJapan$357M-6%+8%27%2.3×-11.5%+9.6%
Sword SWP.PAFrance$360M+4%+8%9%1.1×-0.1%+11.0%
Telos TLSUnited States$360M+8%+66%-2%1.6×-2.3%-1.7%
JFE Systems 4832.TJapan$369M-2%-14%11%0.6×-19.0%+4.3%

Questions

Which companies are DB Inc.'s closest peers?
The cockpit's peer set: Shanghai Xinnanyang Only Education & Technology (600661.SS), Hangzhou Gisway Information Technology (301390.SZ), WebRAY Tech (688651.SS), Soliton Systems K.K (3040.T), Turn Cloud Technology Service (6870.TWO), Fixstars (3687.T), Infotel (INF.PA), Piesat Information Technology (688066.SS).
Is DB Inc. expensive compared with its peers?
On ev / sales it trades at 1.0× against a peer median of 1.6×, 5th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -22 pp: the price already allows for a slowdown.
How has DB Inc. stock performed?
Over six months to 6 Nov 2026 the shares returned +3.7% against -2.3% for the median peer; over one year +39.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.