Financials Korea Fuel-Tech Corporation

Equities

End-of-day quote Korea S.E. Other stock markets 23:00:00 06/06/2024 BST			5-day change	1st Jan Change
6,030 ^KRW	-2.58%		-6.66%	+66.57%

2023	Korea Fuel-Tech Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2020	Korea Fuel- Tech Poland Sp.z o.o. announced that it has received KRW 6.49548729 billion in funding from Korea Fuel-Tech Corporation	CI

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	100,785	167,882	-	-
Enterprise Value (EV) ²	162	197.3	180	152.2
P/E ratio	3.3 x	5.65 x	4.67 x	4.39 x
Yield	2.21%	1.99%	2.16%	2.32%
Capitalization / Revenue	-	0.23 x	0.22 x	0.2 x
EV / Revenue	-	0.27 x	0.23 x	0.18 x
EV / EBITDA	2.78 x	3.08 x	2.58 x	2.11 x
EV / FCF	8.85 x	10.4 x	-	-
FCF Yield	11.3%	9.63%	-	-
Price to Book	0.59 x	0.82 x	0.7 x	0.6 x
Nbr of stocks (in thousands)	27,841	27,841	-	-
Reference price ³	3,620	6,030	6,030	6,030
Announcement Date	21/03/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Fiscal Period: December	2023	2024	2025	2026
Net sales ¹	-	726.1	780.2	826.5
EBITDA ¹	58.35	64.1	69.85	72.25
EBIT ¹	-	37.9	43.6	46.1
Operating Margin	-	5.22%	5.59%	5.58%
Earnings before Tax (EBT) ¹	38.46	42.2	45.7	50
Net income ¹	30.54	29.7	35.8	38.35
Net margin	-	4.09%	4.59%	4.64%
EPS ²	1,097	1,068	1,290	1,375
Free Cash Flow ³	18,304	19,000	-	-
FCF margin	-	2,616.72%	-	-
FCF Conversion (EBITDA)	31,366.42%	29,641.19%	-	-
FCF Conversion (Net income)	59,933.2%	63,973.06%	-	-
Dividend per Share ²	80.00	120.0	130.0	140.0
Announcement Date	21/03/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Fiscal Period: December	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	177.3	183.2	-	-
EBITDA	-	-	-	-
EBIT ¹	7.932	9.7	-	-
Operating Margin	4.47%	5.29%	-	-
Earnings before Tax (EBT) ¹	10.8	12.8	6.8	10.8
Net income ¹	9.221	10.7	5.7	9
Net margin	5.2%	5.84%	-	-
EPS	-	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	13/05/24	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2023	2024	2025	2026
Net Debt ¹	61.2	29.4	12.1	-
Net Cash position ¹	-	-	-	15.7
Leverage (Debt/EBITDA)	1.048 x	0.4587 x	0.1732 x	-
Free Cash Flow ²	18,304	19,000	-	-
ROE (net income / shareholders' equity)	19.3%	16%	16.5%	15.2%
ROA (Net income/ Total Assets)	7.55%	8.3%	8.4%	8.5%
Assets ¹	404.6	357.8	426.2	451.2
Book Value Per Share ³	6,188	7,341	8,600	9,975
Cash Flow per Share ³	1,802	2,272	2,391	2,586
Capex ¹	31.9	34	37	38
Capex / Sales	-	4.68%	4.74%	4.6%
Announcement Date	21/03/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6,030 KRW

Average target price

9,200 KRW

Spread / Average Target

+52.57%

	1st Jan change	Capi.
KOREA FUEL-TECH CORPORATION	+66.57%	126M
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ATMUS FILTRATION TECHNOLOGIES INC.	+23.65%	2.42B
GARRETT MOTION INC.	-7.08%	2.07B
CHONGQING ZONGSHEN POWER MACHINERY CO.,LTD	+102.87%	1.93B
WUXI BEST PRECISION MACHINERY CO., LTD.	-16.12%	1.22B