Financials EM-Tech.CO., LTD.

Equities

A091120

KR7091120006

Electronic Equipment & Parts

End-of-day quote Korea S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
34,000 KRW +1.49% Intraday chart for EM-Tech.CO., LTD. -1.31% -21.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 259,900 133,543 182,943 484,573 355,992 715,104
Enterprise Value (EV) 1 274,532 137,483 200,755 488,901 401,379 747,986
P/E ratio 11.4 x 355 x 197 x 14 x 10.2 x -60.5 x
Yield 0.88% - - 0.47% 0.7% 0.23%
Capitalization / Revenue 0.91 x 0.5 x 0.65 x 1.21 x 0.86 x 2.71 x
EV / Revenue 0.96 x 0.51 x 0.71 x 1.22 x 0.97 x 2.84 x
EV / EBITDA 7.29 x 10.3 x 10.1 x 8.62 x 7.13 x 79.5 x
EV / FCF -17.1 x -66.2 x -17.9 x 136 x -5.53 x 63.2 x
FCF Yield -5.85% -1.51% -5.57% 0.74% -18.1% 1.58%
Price to Book 1.38 x 0.74 x 0.98 x 2.09 x 1.37 x 2.91 x
Nbr of stocks (in thousands) 15,199 15,674 14,873 15,214 16,519 16,496
Reference price 2 17,100 8,520 12,300 31,850 21,550 43,350
Announcement Date 19/03/19 17/03/20 11/03/21 15/03/22 14/03/23 14/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 286,047 268,163 282,934 400,227 415,827 263,451
EBITDA 1 37,673 13,367 19,846 56,715 56,261 9,413
EBIT 1 21,165 -5,605 2,066 37,116 33,935 -14,599
Operating Margin 7.4% -2.09% 0.73% 9.27% 8.16% -5.54%
Earnings before Tax (EBT) 1 23,507 -3,297 -3,767 40,791 34,451 -15,120
Net income 1 23,687 387.1 938.3 34,464 33,437 -11,825
Net margin 8.28% 0.14% 0.33% 8.61% 8.04% -4.49%
EPS 2 1,495 24.00 62.38 2,275 2,108 -716.4
Free Cash Flow 1 -16,056 -2,075 -11,185 3,598 -72,600 11,830
FCF margin -5.61% -0.77% -3.95% 0.9% -17.46% 4.49%
FCF Conversion (EBITDA) - - - 6.34% - 125.69%
FCF Conversion (Net income) - - - 10.44% - -
Dividend per Share 2 150.0 - - 150.0 150.0 100.0
Announcement Date 19/03/19 17/03/20 11/03/21 15/03/22 14/03/23 14/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q2 2023 Q3
Net sales 1 107.1 113.2 122.4 115.1 104.6 48.7 59.99
EBITDA - - - - - - -
EBIT 1 10.11 12.64 15.06 12.38 6.197 -10.09 -3.125
Operating Margin 9.44% 11.17% 12.31% 10.76% 5.92% -20.72% -5.21%
Earnings before Tax (EBT) 1 - - - - - -7.494 -4.926
Net income 1 13.02 4.595 15.6 13.24 7.766 -6.506 -4.612
Net margin 12.15% 4.06% 12.75% 11.51% 7.42% -13.36% -7.69%
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 12/11/21 08/02/22 13/05/22 12/08/22 11/11/22 11/08/23 14/11/23
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 14,632 3,940 17,812 4,327 45,387 32,882
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3884 x 0.2948 x 0.8975 x 0.0763 x 0.8067 x 3.493 x
Free Cash Flow 1 -16,056 -2,075 -11,185 3,598 -72,600 11,830
ROE (net income / shareholders' equity) 14% -0.24% 0.34% 16.1% 13.2% -4.72%
ROA (Net income/ Total Assets) 5.39% -1.33% 0.49% 7.15% 5.44% -2.22%
Assets 1 439,768 -29,166 189,860 482,207 614,786 533,675
Book Value Per Share 2 12,383 11,461 12,528 15,248 15,775 14,898
Cash Flow per Share 2 1,651 1,916 2,582 4,594 2,953 4,421
Capex 1 28,068 16,354 28,846 28,426 83,567 14,010
Capex / Sales 9.81% 6.1% 10.2% 7.1% 20.1% 5.32%
Announcement Date 19/03/19 17/03/20 11/03/21 15/03/22 14/03/23 14/03/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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