Added to YB: 2026-10-01
Pitch date: 2026-09-25
225590.KQ [bullish]
Fashion Platform Co.,Ltd.
-8.02%
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
Fashion Platform Co.,Ltd. manufactures and sells women’s clothing and accessories in South Korea. It offers its products under the renoma, Bonispax, DECO, and LeShop brand name through its department stores, outlets, malls, and Fashion platform.
Market Cap
KRW 16.0B
Pitch Price
KRW 3.2K
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.36
P/E
1.43
EV/Sales
0.05
Sector
Textiles, Apparel and Luxury Goods
Category
value
All Korean net nets #4: going through change - Fashion Platform (225590.KQ)
225590.KQ (monitor): Fashion Platform is a cash-generative women’s apparel net-net valued at KRW17bn, 0.44x NCAV and about one-third of modeled orderly-liquidation proceeds; stripping inventory write-backs, normalized operating profit is estimated at KRW6-7bn and EV at roughly 1x. The risk is the sub-threshold market cap, uncertain controlling-owner intentions and a potential KONEX transfer that could force liquidation by some brokers, warranting cautious sizing.
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