Added to YB: 2026-08-12
Pitch date: 2026-08-10
204620.KQ [neutral]
Global Tax Free Co., Ltd.
+6.83%
current return
Author Info
Company Info
Global Tax Free Co., Ltd. operates as tax refund company for foreign tourists in South Korea, Singapore, Japan, and France.
Market Cap
KRW 369.6B
Pitch Price
KRW 5.3K
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.33
P/E
13.14
EV/Sales
1.49
Sector
Professional Services
Category
growth
Some Korean Value (Global Tax Free)
204620.KQ (overview): Korean VAT refund leader trading ~7x EBITDA, 8-9x FCF; US$260-270m cap, US$90m net cash, no debt. Core biz +50% organic YoY despite cosmetic surgery VAT sunset; ~12% FY26 rev growth, 19% margins. Japan JV w/ Planet opens US$200-400m mkt in 2027. Comps: Global Blue bought at 13x EBITDA, 40% margins. New consortium owner bought at 60% premium.
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