Added to YB: 2026-09-23
Pitch date: 2026-09-10
033830.KQ [neutral]
TBC
-3.58%
current return
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
TBC operates in the broadcasting industry in South Korea. The company offers terrestrial broadcasting through cable, satellite, IPTV, FM radio, and general programming channels.
Market Cap
KRW 32.1B
Pitch Price
KRW 1.7K
Price Target
N/A
Dividend
N/A
EV/EBITDA
-25.85
P/E
10.74
EV/Sales
-1.25
Sector
Media
Category
value
All Korean net nets #3: another 8 stocks - TBC
033830.KQ (pass): TBC appears exceptionally cheap at 0.37x NCAV and 0.25x book: against a roughly KRW32-33bn market cap, it has about KRW97bn of cash and securities, only KRW6bn of total liabilities, a profitable TV station and land appraised at KRW30bn. Despite that asset backing, the stock is an easy pass because Korea’s Broadcasting Act bars foreign investment in terrestrial broadcasters.
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