Financials Com2uS Corporation

Equities

A078340

KR7078340007

Software

End-of-day quote Korea S.E. 23:00:00 15/07/2024 BST 5-day change 1st Jan Change
39,000 KRW -1.52% Intraday chart for Com2uS Corporation +0.39% -20.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,308,367 1,915,752 1,879,687 708,513 562,185 445,445 - -
Enterprise Value (EV) 2 612.7 1,274 1,634 598.3 505.4 323.4 251.4 219.9
P/E ratio 11.7 x 23.9 x 14.6 x 21.3 x 14.4 x 16 x 10.7 x 8.97 x
Yield 1.3% 0.94% 0.82% 2.18% 5.28% 3.84% 4.26% 4.37%
Capitalization / Revenue 2.79 x 3.76 x 3.36 x 0.99 x 0.75 x 0.6 x 0.52 x 0.47 x
EV / Revenue 1.3 x 2.5 x 2.92 x 0.83 x 0.67 x 0.44 x 0.29 x 0.23 x
EV / EBITDA 4.62 x 10.4 x 24.6 x 35.3 x -65.8 x 7.52 x 4.11 x 2.92 x
EV / FCF 4.85 x 12.7 x 19.6 x -32.6 x -16.1 x 8.12 x 7.16 x 6.87 x
FCF Yield 20.6% 7.87% 5.11% -3.07% -6.22% 12.3% 14% 14.5%
Price to Book 1.42 x 1.99 x 1.73 x 0.67 x 0.56 x 0.44 x 0.41 x 0.39 x
Nbr of stocks (in thousands) 12,171 12,026 11,882 11,888 11,415 11,422 - -
Reference price 3 107,500 159,300 158,200 59,600 49,250 39,000 39,000 39,000
Announcement Date 11/02/20 09/02/21 21/03/22 10/02/23 15/02/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 469.6 508.9 558.7 717.4 749.5 736.9 857.8 943.1
EBITDA 1 132.7 122.9 66.46 16.94 -7.679 43.01 61.15 75.3
EBIT 1 126 112.9 52.62 -16.65 -34.66 19.63 37.35 56.3
Operating Margin 26.82% 22.19% 9.42% -2.32% -4.62% 2.66% 4.35% 5.97%
Earnings before Tax (EBT) 1 148 103.4 145.3 1.958 70.54 31.83 54.91 70.43
Net income 1 111.8 79.08 129.4 33.98 39.76 30.74 42.61 56.42
Net margin 23.82% 15.54% 23.17% 4.74% 5.3% 4.17% 4.97% 5.98%
EPS 2 9,155 6,655 10,836 2,804 3,430 2,443 3,631 4,349
Free Cash Flow 3 126,273 100,195 83,552 -18,376 -31,441 39,833 35,100 32,000
FCF margin 26,887.61% 19,688.53% 14,955.3% -2,561.4% -4,195.04% 5,405.32% 4,091.94% 3,393.12%
FCF Conversion (EBITDA) 95,162.68% 81,554.75% 125,726.7% - - 92,616.08% 57,396.22% 42,496.68%
FCF Conversion (Net income) 112,900.67% 126,707.14% 64,547.93% - - 129,591.98% 82,375.03% 56,712.45%
Dividend per Share 2 1,400 1,500 1,300 1,300 2,600 1,498 1,662 1,705
Announcement Date 11/02/20 09/02/21 21/03/22 10/02/23 15/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 176.1 133.3 193.4 186.2 204.5 192.7 228.3 186.7 141.8 157.8 191.1 193.6 194.3 181.8 207.8
EBITDA - - - 8.584 -8.695 -6.416 3.053 5.954 -10.27 - - - - - -
EBIT 1 11.07 -2.658 3.779 1.592 -19.36 -14.8 -5.609 -1.608 -12.93 1.16 5.789 5.97 5.2 -6.7 5.8
Operating Margin 6.28% -1.99% 1.95% 0.85% -9.47% -7.68% -2.46% -0.86% -9.12% 0.74% 3.03% 3.08% 2.68% -3.69% 2.79%
Earnings before Tax (EBT) 1 26.22 -2.562 18.12 36.67 -50.27 51.67 -12.28 19.31 -6.246 6.915 4 8 10 4.1 15.2
Net income 1 27.21 5.629 22.29 26 -19.94 37.35 0.542 17.98 -22.34 11.31 8.433 8.233 6.85 3.4 12.7
Net margin 15.46% 4.22% 11.53% 13.96% -9.75% 19.38% 0.24% 9.63% -15.76% 7.17% 4.41% 4.25% 3.53% 1.87% 6.11%
EPS 2,289 473.0 - 2,186 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 21/03/22 13/05/22 11/08/22 11/11/22 10/02/23 11/05/23 03/08/23 08/11/23 15/02/24 10/05/24 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 696 642 246 110 56.8 122 194 226
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 126,273 100,195 83,552 -18,376 -31,441 39,833 35,100 32,000
ROE (net income / shareholders' equity) 12.7% 7.91% 10.4% 2.89% 5.47% 2.61% 3.65% 4.76%
ROA (Net income/ Total Assets) 11.7% 7.32% 8.9% 1.77% 3.41% 1.41% 2.18% 3.05%
Assets 1 957.1 1,080 1,454 1,918 1,166 2,188 1,956 1,849
Book Value Per Share 3 75,563 79,966 91,234 88,522 87,510 89,591 94,104 98,782
Cash Flow per Share 3 10,610 8,492 7,547 -425.0 -796.0 3,501 6,055 -
Capex 1 3.35 2.34 6.6 13.3 22.2 14.1 19.6 12
Capex / Sales 0.71% 0.46% 1.18% 1.86% 2.96% 1.92% 2.29% 1.27%
Announcement Date 11/02/20 09/02/21 21/03/22 10/02/23 15/02/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
39,000 KRW
Average target price
49,650 KRW
Spread / Average Target
+27.31%
Consensus

Quarterly revenue - Rate of surprise

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