Vitzrocell: Attractive Valuations and Potential Inclusion in KOSDAQ 150 Index

• One of the key investment highlights of Vitzrocell is the solid growth in sales and profits driven by its lithium-based primary batteries to major industries such as military and energy.

• Vitzrocell has generated excellent sales and net profit growth. The company's sales and net income increased at a CAGR of 55.6% and 45.5% respectively from 2021 to 2023.

• Vitrocell is trading at EV/EBITDA of 4.9x and P/E of 10x in 2025 which are 19% and 25% lower than its historical valuation multiples from 2021 to 2024.