investors should assume that merrill lynch is seeking or will seek investment banking other business relationships with the companies in this report price w102 100 12 month objective w170 000 date established 02 feb 2004 estimates dec 2002a 2003e 2004e 2005e net income w mn 8 088 41 545 76 682 90 595 eps 1 610 7 937 11 797 13 938 p e 63 4x 9x 7x 3x change yoy 30 0 392 9 48 6 18 cash flow share 780 116 956 14 112 57 6x 5x 2x enterprise value ebitda 0x 1x 4 gross dividend 150 500 750 yield 5 opinion & financial data c mkt shares outstanding w664bn us 565mn book w19 326 ratio roe average 56 debt equity 44 2 est year growth 28 kospi kosdaq 863 03 445 04 rel to home 10 stock
