Financials LF Corp.

Equities

A093050

KR7093050003

Apparel & Accessories

End-of-day quote Korea S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
13,740 KRW +0.22% Intraday chart for LF Corp. -7.10% +3.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 726,614 540,940 418,362 490,935 452,514 377,664
Enterprise Value (EV) 1 537,780 888,245 614,546 490,986 418,616 614,826
P/E ratio 8.73 x 8 x 24.3 x 4.14 x 2.97 x 4.58 x
Yield 2.01% 2.7% 3.4% 3.48% 4.4% 5.28%
Capitalization / Revenue 0.43 x 0.29 x 0.26 x 0.27 x 0.23 x 0.2 x
EV / Revenue 0.32 x 0.48 x 0.38 x 0.27 x 0.21 x 0.32 x
EV / EBITDA 3.29 x 5.47 x 3.75 x 2.08 x 1.58 x 4.21 x
EV / FCF -70 x 11.9 x 4.32 x 3.62 x -4.46 x -3.16 x
FCF Yield -1.43% 8.39% 23.2% 27.6% -22.4% -31.6%
Price to Book 0.62 x 0.44 x 0.34 x 0.37 x 0.31 x 0.25 x
Nbr of stocks (in thousands) 29,240 29,240 28,460 28,460 28,460 28,460
Reference price 2 24,850 18,500 14,700 17,250 15,900 13,270
Announcement Date 21/03/19 19/03/20 18/03/21 18/03/22 20/03/23 20/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,706,682 1,851,717 1,610,460 1,793,104 1,968,540 1,900,726
EBITDA 1 163,418 162,287 163,670 236,421 264,817 146,159
EBIT 1 119,508 87,533 77,491 158,582 184,889 57,651
Operating Margin 7% 4.73% 4.81% 8.84% 9.39% 3.03%
Earnings before Tax (EBT) 1 120,246 100,465 54,480 199,358 223,767 62,824
Net income 1 83,218 67,643 17,310 118,640 152,282 82,514
Net margin 4.88% 3.65% 1.07% 6.62% 7.74% 4.34%
EPS 2 2,846 2,313 604.8 4,169 5,351 2,899
Free Cash Flow 1 -7,684 74,519 142,292 135,731 -93,795 -194,537
FCF margin -0.45% 4.02% 8.84% 7.57% -4.76% -10.23%
FCF Conversion (EBITDA) - 45.92% 86.94% 57.41% - -
FCF Conversion (Net income) - 110.16% 822.04% 114.41% - -
Dividend per Share 2 500.0 500.0 500.0 600.0 700.0 700.0
Announcement Date 21/03/19 19/03/20 18/03/21 18/03/22 20/03/23 20/03/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 347,305 196,184 51.1 - 237,161
Net Cash position 1 188,834 - - - 33,898 -
Leverage (Debt/EBITDA) - 2.14 x 1.199 x 0.000216 x - 1.623 x
Free Cash Flow 1 -7,684 74,519 142,292 135,731 -93,795 -194,537
ROE (net income / shareholders' equity) 7.11% 5.39% 2.04% 9.35% 11.2% 4.75%
ROA (Net income/ Total Assets) 4.6% 2.69% 1.98% 3.95% 4.51% 1.35%
Assets 1 1,808,655 2,515,560 875,018 3,004,908 3,377,068 6,114,396
Book Value Per Share 2 40,126 41,768 43,342 46,904 51,612 53,693
Cash Flow per Share 2 11,503 8,462 11,585 14,074 10,722 5,907
Capex 1 49,089 56,838 53,339 80,172 151,084 210,247
Capex / Sales 2.88% 3.07% 3.31% 4.47% 7.67% 11.06%
Announcement Date 21/03/19 19/03/20 18/03/21 18/03/22 20/03/23 20/03/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise