Added to YB: 2025-07-16
Pitch date: 2025-05-29
204620.KQ [bullish]
Global Tax Free Co., Ltd.
-22.2%
current return
Author Info
No bio for this author
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 491.9B
Pitch Price
KRW 6.2K
Price Target
10.3K (+114%)
Dividend
N/A
EV/EBITDA
17.78
P/E
24.81
EV/Sales
3.01
Sector
Professional Services
Category
growth
Global Tax Free Co., Ltd. -$204620.KQ
204620.KQ: Leading VAT refund provider in Asia (70% SK, 25% Singapore) w/ 17% 10yr CAGR. Q1'25 sales +55% y/y driven by med tourism & cosmetics. Trading at 24x TTM P/E vs peer GB's 44x acq multiple. 70% upside in SOTP valuation + Japan/Thailand expansion optionality (potential $15-20M+ add'l op profit). Recovering from French fraud writeoff.
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