Financials Daedong Corporation

Equities

A000490

KR7000490003

Heavy Machinery & Vehicles

End-of-day quote Korea S.E. Other stock markets 23:00:00 02/05/2024 BST			5-day change	1st Jan Change
11,980 ^KRW	+0.17%		+0.93%	-29.61%

03-26	KT, Daedong Partner to Develop AI-based Agro Services	MT
2023	Daedong Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024
Capitalization ¹	141,366	209,355	279,423	395,954	281,677
Enterprise Value (EV) ²	141.4	615.2	757.7	396	998
P/E ratio	6.92 x	6.58 x	7.94 x	22.8 x	11 x
Yield	-	-	-	-	0.83%
Capitalization / Revenue	-	0.18 x	0.19 x	0.28 x	0.2 x
EV / Revenue	-	0.52 x	0.52 x	0.28 x	0.69 x
EV / EBITDA	-	-	6.24 x	3.85 x	9.34 x
EV / FCF	-	-	-3.97 x	-	7.82 x
FCF Yield	-	-	-25.2%	-	12.8%
Price to Book	-	-	0.81 x	-	0.52 x
Nbr of stocks (in thousands)	20,728	20,728	21,577	23,264	23,512
Reference price ³	6,820	10,100	12,950	17,020	11,980
Announcement Date	18/03/21	15/02/22	15/02/23	07/02/24	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024
Net sales ¹	-	1,180	1,464	1,433	1,442
EBITDA ¹	-	-	121.5	103	106.8
EBIT ¹	-	36.99	88.28	63.48	74.2
Operating Margin	-	3.14%	6.03%	4.43%	5.14%
Earnings before Tax (EBT) ¹	-	-	57.56	21.98	40.6
Net income ¹	20.42	33.55	38.65	11.42	27.9
Net margin	-	2.84%	2.64%	0.8%	1.93%
EPS ²	985.0	1,535	1,631	747.0	1,088
Free Cash Flow ³	-	-	-191,047	-	127,700
FCF margin	-	-	-13,052.03%	-	8,853.91%
FCF Conversion (EBITDA)	-	-	-	-	119,569.29%
FCF Conversion (Net income)	-	-	-	-	457,706.09%
Dividend per Share ²	-	-	-	-	100.0
Announcement Date	18/03/21	15/02/22	15/02/23	07/02/24	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3
Net sales ¹	-	457.3	322.6
EBITDA	-	-	-
EBIT ¹	-	46.13	13.03
Operating Margin	-	10.09%	4.04%
Earnings before Tax (EBT)	-	-	-
Net income ¹	12.4	48.88	2.606
Net margin	-	10.69%	0.81%
EPS	559.0	-	-
Dividend per Share	-	-	-
Announcement Date	13/05/22	16/08/22	14/11/22

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024
Net Debt ¹	-	406	478	-	716
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	3.937 x	-	6.707 x
Free Cash Flow ²	-	-	-191,047	-	127,700
ROE (net income / shareholders' equity)	-	9.39%	9.88%	2.18%	5.6%
ROA (Net income/ Total Assets)	-	-	2.6%	-	1.4%
Assets ¹	-	-	1,487	-	1,993
Book Value Per Share ³	-	-	15,973	-	22,832
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	-	110	-	71.1
Capex / Sales	-	-	7.52%	-	4.93%
Announcement Date	18/03/21	15/02/22	15/02/23	07/02/24	-

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

Ratings for Daedong Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11,980 KRW

Average target price

23,500 KRW

Spread / Average Target

+96.16%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Agricultural Machinery

	1st Jan change	Capi.
DAEDONG CORPORATION	-29.61%	208M
THE TORO COMPANY	-8.00%	9.22B
ESCORTS KUBOTA LIMITED	+16.81%	4.61B
BUCHER INDUSTRIES AG	+2.77%	4.11B
TÜRK TRAKTÖR VE ZIRAAT MAKINELERI	+32.30%	2.91B
FIRST TRACTOR COMPANY LIMITED	+67.94%	2.24B
LINDSAY CORPORATION	-8.42%	1.31B
AG GROWTH INTERNATIONAL INC.	-0.89%	695M
TÜMOSAN MOTOR VE TRAKTÖR SANAYI	+100.12%	597M
YAMABIKO CORPORATION	+39.64%	561M

Agricultural Machinery