Financials LS Corp.

Equities

A006260

KR7006260004

Electrical Components & Equipment

End-of-day quote Korea S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
127,800 KRW +9.42% Intraday chart for LS Corp. +2.32% +37.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,327,266 1,982,569 1,502,199 1,913,867 2,559,144 3,509,213 - -
Enterprise Value (EV) 2 4,256 4,520 4,976 7,370 8,315 8,559 8,534 10,687
P/E ratio 52.4 x 15.5 x 5.38 x 4.31 x 5.78 x 10.4 x 8.28 x 9.5 x
Yield 3.03% 2.03% 2.68% 2.08% 1.66% 1.26% 1.29% 1.43%
Capitalization / Revenue 0.13 x 0.19 x 0.11 x 0.11 x 0.1 x 0.14 x 0.13 x 0.13 x
EV / Revenue 0.42 x 0.43 x 0.38 x 0.42 x 0.34 x 0.34 x 0.32 x 0.38 x
EV / EBITDA 6.77 x 6.4 x 5.47 x 7.3 x 6.37 x 6.29 x 5.82 x 7.04 x
EV / FCF -602 x 10.8 x -11.4 x -444 x -35.9 x 15.6 x 18.8 x -68.9 x
FCF Yield -0.17% 9.28% -8.77% -0.23% -2.79% 6.41% 5.31% -1.45%
Price to Book 0.42 x 0.61 x 0.42 x 0.49 x 0.54 x 0.82 x 0.76 x 0.61 x
Nbr of stocks (in thousands) 27,767 27,767 27,767 27,459 27,459 27,459 - -
Reference price 3 47,800 71,400 54,100 69,700 93,200 127,800 127,800 127,800
Announcement Date 11/02/20 09/02/21 14/02/22 14/02/23 05/02/24 - - -
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 10,181 10,444 13,096 17,493 24,516 25,158 26,694 28,054
EBITDA 1 628.7 705.9 909 1,009 1,305 1,360 1,467 1,518
EBIT 1 352 414.8 604 645.3 899.9 963.4 1,058 1,092
Operating Margin 3.46% 3.97% 4.61% 3.69% 3.67% 3.83% 3.96% 3.89%
Earnings before Tax (EBT) 1 160.4 301.3 421 681 638.2 687 801.3 886
Net income 1 25.33 126.8 277.8 524.6 541.7 395.4 479.2 433
Net margin 0.25% 1.21% 2.12% 3% 2.21% 1.57% 1.8% 1.54%
EPS 2 912.0 4,597 10,056 16,165 16,117 12,277 15,444 13,452
Free Cash Flow 3 -7,067 419,506 -436,495 -16,617 -231,652 549,000 453,500 -155,000
FCF margin -69.41% 4,016.6% -3,333.1% -94.99% -944.89% 2,182.23% 1,698.86% -552.52%
FCF Conversion (EBITDA) - 59,431.4% - - - 40,373.09% 30,916.74% -
FCF Conversion (Net income) - 330,710.29% - - - 138,860.79% 94,640.19% -
Dividend per Share 2 1,450 1,450 1,450 1,450 1,550 1,612 1,644 1,825
Announcement Date 11/02/20 09/02/21 14/02/22 14/02/23 05/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 3,330 3,514 3,713 4,120 3,859 5,799 6,098 6,509 6,014 5,852 6,099 6,421 6,427 6,500
EBITDA - - - - - - - - - - - - - -
EBIT 1 149.7 107.4 167.7 196.4 178.4 133.8 238.2 281.6 226.2 153.7 204 256.3 258.2 241.6
Operating Margin 4.49% 3.06% 4.52% 4.77% 4.62% 2.31% 3.91% 4.33% 3.76% 2.63% 3.35% 3.99% 4.02% 3.72%
Earnings before Tax (EBT) 1 76.7 - 161.5 121.9 239.1 133.7 122.8 178.5 121.2 215.7 150 175.9 174.9 174.2
Net income 1 55.92 76.59 118.3 70.19 135.6 121.6 78.64 89.07 37.15 205.2 80.63 103.9 89.8 98.75
Net margin 1.68% 2.18% 3.19% 1.7% 3.51% 2.1% 1.29% 1.37% 0.62% 3.51% 1.32% 1.62% 1.4% 1.52%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 15/11/21 14/02/22 16/05/22 16/08/22 14/11/22 14/02/23 15/05/23 14/08/23 14/11/23 05/02/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,929 2,537 3,474 5,456 5,756 5,050 5,024 7,178
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.658 x 3.594 x 3.822 x 5.405 x 4.41 x 3.713 x 3.425 x 4.73 x
Free Cash Flow 2 -7,067 419,506 -436,495 -16,617 -231,652 549,000 453,500 -155,000
ROE (net income / shareholders' equity) 2.03% 4.44% 7.96% 10.1% 8.89% 9.06% 9.65% 9.9%
ROA (Net income/ Total Assets) 0.82% 1.73% 2.29% 3.07% 2.46% 3.22% 3.34% 3.5%
Assets 1 3,073 7,338 12,143 17,100 22,059 12,278 14,347 12,371
Book Value Per Share 3 114,028 117,666 127,727 143,355 172,393 155,158 168,428 208,017
Cash Flow per Share 3 10,938 25,257 -4,796 16,868 13,164 36,533 35,361 34,553
Capex 1 311 282 303 484 593 529 468 624
Capex / Sales 3.05% 2.7% 2.32% 2.77% 2.42% 2.1% 1.75% 2.22%
Announcement Date 11/02/20 09/02/21 14/02/22 14/02/23 05/02/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
127,800 KRW
Average target price
134,286 KRW
Spread / Average Target
+5.07%
Consensus

Quarterly revenue - Rate of surprise