Financials Hyosung Advanced Materials Corporation

Equities

A298050

KR7298050006

Textiles & Leather Goods

End-of-day quote Korea S.E. 23:00:00 26/06/2024 BST 5-day change 1st Jan Change
361,500 KRW -1.50% Intraday chart for Hyosung Advanced Materials Corporation +3.43% -9.51%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 - - 2,662,941 1,490,085 1,784,975 1,615,190 - -
Enterprise Value (EV) 2 - - 4,170 3,097 3,504 3,332 3,331 3,196
P/E ratio -7.09 x 8,278 x 10.6 x 11.9 x 50.2 x 13.1 x 9.66 x 8.15 x
Yield - - 1.68% 4.5% 1.63% 2.31% 2.96% 3%
Capitalization / Revenue - - 0.74 x 0.39 x 0.56 x 0.47 x 0.44 x 0.42 x
EV / Revenue - - 1.16 x 0.81 x 1.09 x 0.97 x 0.9 x 0.82 x
EV / EBITDA - - 6.75 x 6.19 x 10.1 x 7.29 x 6.45 x 5.81 x
EV / FCF - - 48.2 x 25.2 x 43,701 x 57.3 x 23.1 x 13.2 x
FCF Yield - - 2.07% 3.97% 0% 1.74% 4.33% 7.55%
Price to Book 1.53 x 2.13 x 4.41 x 2.11 x 2.63 x 2.15 x 1.86 x 1.65 x
Nbr of stocks (in thousands) - - 4,468 4,468 4,468 4,468 - -
Reference price 3 111,000 149,000 596,000 333,500 399,500 361,500 361,500 361,500
Announcement Date 05/02/20 29/01/21 26/01/22 01/02/23 29/01/24 - - -
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 3,054 2,395 3,598 3,841 3,202 3,453 3,682 3,878
EBITDA 1 332.6 210.6 617.8 500.6 345.9 457.2 516.6 549.6
EBIT 1 158.3 34.21 437.3 315.1 172.4 269 326.9 343
Operating Margin 5.18% 1.43% 12.16% 8.2% 5.38% 7.79% 8.88% 8.84%
Earnings before Tax (EBT) 1 52.27 1.105 411.8 213.2 73.34 188.7 254.8 301.2
Net income 1 -69.99 0.0786 250.7 125.3 35.55 127.4 173.3 209.8
Net margin -2.29% 0% 6.97% 3.26% 1.11% 3.69% 4.71% 5.41%
EPS 2 -15,664 18.00 56,109 28,053 7,957 27,530 37,408 44,382
Free Cash Flow 3 -111,161 151,389 86,500 122,824 80.18 58,140 144,120 241,300
FCF margin -3,640.32% 6,322.05% 2,404.26% 3,197.39% 2.5% 1,683.86% 3,914.44% 6,221.58%
FCF Conversion (EBITDA) - 71,895.84% 14,001% 24,535.26% 23.18% 12,717.46% 27,896.89% 43,906.26%
FCF Conversion (Net income) - 192,558,135.4% 34,503.79% 97,992.48% 225.52% 45,653.71% 83,178.14% 115,000.6%
Dividend per Share 2 - - 10,000 15,000 6,500 8,333 10,714 10,833
Announcement Date 05/02/20 29/01/21 26/01/22 01/02/23 29/01/24 - - -
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
Net sales 1 988.8 1,003 1,025 975.3 837.9 834.5 816.4 783.3 768.2 836.8 875.8 907.9 868.2
EBITDA - - - - - - - - - - - - -
EBIT 1 96.26 101.6 97.57 66.06 49.79 67.33 48.63 35.65 20.76 63.68 67.93 74.02 69.27
Operating Margin 9.73% 10.13% 9.52% 6.77% 5.94% 8.07% 5.96% 4.55% 2.7% 7.61% 7.76% 8.15% 7.98%
Earnings before Tax (EBT) 1 96.11 93.76 75.39 39.92 4.09 47.56 20.76 6.639 -1.628 38.89 46.27 53 66.1
Net income 1 57.8 56.07 45.56 21.64 2.065 33.05 12.06 2.93 -12.49 20.21 30.78 39.13 40.37
Net margin 5.85% 5.59% 4.45% 2.22% 0.25% 3.96% 1.48% 0.37% -1.63% 2.41% 3.51% 4.31% 4.65%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 26/01/22 28/04/22 27/07/22 10/11/22 01/02/23 28/04/23 28/07/23 27/10/23 29/01/24 26/04/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,721 1,553 1,507 1,607 1,719 1,717 1,716 1,581
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.174 x 7.373 x 2.44 x 3.21 x 4.969 x 3.756 x 3.322 x 2.876 x
Free Cash Flow 2 -111,161 151,389 86,500 122,824 80.2 58,140 144,120 241,300
ROE (net income / shareholders' equity) -19.7% 1.73% 54.7% 21.1% 5.13% 13.6% 19.6% 19.6%
ROA (Net income/ Total Assets) -2.76% 0.28% 9.49% 4.29% 1.19% 4.34% 5.5% 5.13%
Assets 1 2,533 28.33 2,643 2,922 2,985 2,934 3,150 4,094
Book Value Per Share 3 72,388 70,017 135,183 157,920 151,670 168,086 194,501 218,526
Cash Flow per Share 3 28,428 69,916 52,520 78,435 78,984 77,572 86,828 90,981
Capex 1 238 161 148 228 353 275 243 209
Capex / Sales 7.8% 6.72% 4.12% 5.93% 11.02% 7.96% 6.59% 5.39%
Announcement Date 05/02/20 29/01/21 26/01/22 01/02/23 29/01/24 - - -
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
BUY
Number of Analysts
7
Last Close Price
361,500 KRW
Average target price
510,000 KRW
Spread / Average Target
+41.08%
Consensus

Quarterly revenue - Rate of surprise

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