Financials DAEYANG ELECTRIC.Co.,Ltd.

Equities

A108380

KR7108380007

Electrical Components & Equipment

End-of-day quote Korea S.E. Other stock markets 23:00:00 15/05/2024 BST			5-day change	1st Jan Change
16,500 ^KRW	+1.35%		+7.28%	+40.78%

2023	Tranche Update on DAEYANG ELECTRIC.Co.,Ltd.'s Equity Buyback Plan announced on April 21, 2023.	CI
2023	DAEYANG ELECTRIC.Co.,Ltd.'s Equity Buyback announced on April 21, 2023, has expired with 85,822 shares, representing 0.92% for KRW 996 million.	CI

Valuation

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Capitalization ¹	143,434	111,878	108,307	152,496	-	-
Enterprise Value (EV) ²	143.4	111.9	108.3	85.5	94.7	101.5
P/E ratio	10.4 x	-14.9 x	13 x	17.4 x	14.6 x	12.8 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	-	-	0.7 x	0.86 x	0.76 x	0.7 x
EV / Revenue	-	-	0.7 x	0.48 x	0.47 x	0.46 x
EV / EBITDA	-	-	13.1 x	5.9 x	5.54 x	5.26 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	-	-	0.67 x	0.64 x	0.61 x
Nbr of stocks (in thousands)	9,284	9,323	9,241	9,242	-	-
Reference price ³	15,450	12,000	11,720	16,500	16,500	16,500
Announcement Date	11/03/21	21/03/23	28/02/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net sales ¹	-	-	154.3	178	199.5	218.4
EBITDA ¹	-	-	8.265	14.5	17.1	19.3
EBIT ¹	-	-	3.767	9.2	11.3	13.2
Operating Margin	-	-	2.44%	5.17%	5.66%	6.04%
Earnings before Tax (EBT) ¹	-	-	9.595	11.6	13.8	15.8
Net income ¹	13.83	-7.496	8.828	9.1	10.8	12.4
Net margin	-	-	5.72%	5.11%	5.41%	5.68%
EPS ²	1,486	-804.0	904.0	950.0	1,132	1,294
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	11/03/21	21/03/23	28/02/24	-	-	-

¹KRW in Billions²KRW

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	37.2	50.09
EBITDA	-	-	-
EBIT ¹	-	1.72	2.678
Operating Margin	-	4.62%	5.35%
Earnings before Tax (EBT)	-	-	-
Net income	0.9646	-	-
Net margin	-	-	-
EPS	105.0	-	-
Dividend per Share	-	-	-
Announcement Date	14/08/23	14/11/23	28/02/24

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	-	-	67	57.8	51
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	3.97%	3.9%	4.5%	4.9%
ROA (Net income/ Total Assets)	-	-	-	3%	3.5%	3.8%
Assets ¹	-	-	-	303.3	308.6	326.3
Book Value Per Share ²	-	-	-	24,539	25,671	26,965
Cash Flow per Share ²	-	-	-	1,370	1,609	1,834
Capex ¹	-	-	-	11.2	13.1	14.3
Capex / Sales	-	-	-	6.29%	6.57%	6.55%
Announcement Date	11/03/21	21/03/23	28/02/24	-	-	-

¹KRW in Billions²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for DAEYANG ELECTRIC.Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16,500 KRW

Average target price

17,000 KRW

Spread / Average Target

+3.03%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Lighting Equipment

	1st Jan change	Capi.
DAEYANG ELECTRIC.CO.,LTD.	+40.78%	111M
OSRAM LICHT AG	+1.57%	5.32B
LEEDARSON IOT TECHNOLOGY INC.	-1.56%	1.29B
SHANGHAI FEILO ACOUSTICS CO.,LTD	-11.39%	1.1B
FOSHAN ELECTRICAL AND LIGHTING CO.,LTD	-15.34%	1.06B
GUANGZHOU HAOYANG ELECTRONIC CO.,LTD.	-3.06%	1.04B
HENGDIAN GROUP TOSPO LIGHTING CO., LTD.	+6.61%	894M
ZHEJIANG YANKON GROUP CO., LTD.	-0.92%	600M
OCEAN'S KING LIGHTING SCIENCE & TECHNOLOGY CO., LTD	-34.91%	557M
GUANGDONG PAK CORPORATION CO., LTD.	-13.97%	495M

Lighting Equipment