BYC Co., Ltd. (001460.KS)

BYC Co., Ltd. (001460.KS) — VMCI valuation read

Headline read on 001460.KS: VMCI of 49/100 versus a Consumer Cyclical sector median of 50. The 1-point below-median position is what makes BYC Co., Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 001460.KS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on 001460.KS: value (001460.KS trades at 25.0x earnings, 39% above the Consumer Cyclical median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of 0.7x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

001460.KS rose 0.5% over the trailing 7 days, with a +3.8% read on a 30-day basis.