Financials LX Hausys, Ltd.

Equities

A108670

KR7108670001

Construction Supplies & Fixtures

End-of-day quote Korea S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
43,150 ^KRW	-0.46%		+9.66%	-1.03%

2023	LG Chem and LX Hausys Develop Material Delays Battery Thermal Runaway Even At 1,500°C for 20 Minutes	CI
2023	Hankuk Glass Industries Inc. agreed to acquire Architectural Glass Business of LX Hausys from LX Hausys, Ltd. for KRW44.3 billion.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	517,517	731,814	579,714	296,057	410,964	402,922	-	-
Enterprise Value (EV) ²	1,519	1,336	1,335	1,231	411	908.2	897.1	626
P/E ratio	47.4 x	-10.1 x	47.1 x	-2.66 x	-	5.35 x	5.29 x	4.97 x
Yield	0.46%	0.38%	0.49%	0.64%	-	3.63%	2.9%	3.79%
Capitalization / Revenue	0.16 x	0.24 x	0.17 x	0.08 x	0.12 x	0.11 x	0.12 x	0.11 x
EV / Revenue	0.48 x	0.44 x	0.38 x	0.34 x	0.12 x	0.26 x	0.26 x	0.17 x
EV / EBITDA	6.51 x	5.35 x	5.69 x	6.37 x	-	2.99 x	2.95 x	2.03 x
EV / FCF	9.47 x	4.38 x	-22.2 x	-8.61 x	-	8.92 x	9.84 x	6.93 x
FCF Yield	10.6%	22.8%	-4.51%	-11.6%	-	11.2%	10.2%	14.4%
Price to Book	0.54 x	0.84 x	0.64 x	0.36 x	-	0.46 x	0.43 x	0.4 x
Nbr of stocks (in thousands)	9,980	9,980	9,980	9,980	9,980	9,980	-	-
Reference price ³	54,700	78,000	61,500	31,250	43,600	43,150	43,150	43,150
Announcement Date	11/02/20	28/01/21	27/01/22	02/02/23	26/01/24	-	-	-

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	3,187	3,038	3,472	3,611	3,526	3,507	3,470	3,693
EBITDA ¹	233.4	249.5	234.6	193.3	-	303.8	304.2	308.1
EBIT ¹	68.78	70.99	67.27	14.94	109.8	129.1	128.2	134.9
Operating Margin	2.16%	2.34%	1.94%	0.41%	3.11%	3.68%	3.69%	3.65%
Earnings before Tax (EBT) ¹	13.78	-92.18	18.58	-105.9	70.55	95.93	93.65	107.1
Net income ¹	11.56	-77.12	13.09	-117.1	61.79	72.43	78.93	81.03
Net margin	0.36%	-2.54%	0.38%	-3.24%	1.75%	2.07%	2.27%	2.19%
EPS ²	1,155	-7,733	1,306	-11,738	-	8,070	8,164	8,679
Free Cash Flow ³	160,359	304,907	-60,131	-142,976	-	101,833	91,200	90,300
FCF margin	5,031.96%	10,036.32%	-1,731.88%	-3,959.29%	-	2,903.52%	2,628.37%	2,445.32%
FCF Conversion (EBITDA)	68,708.89%	122,196.93%	-	-	-	33,514.34%	29,982.74%	29,305.5%
FCF Conversion (Net income)	1,386,588.85%	-	-	-	-	140,589.05%	115,540.55%	111,435.63%
Dividend per Share ²	250.0	300.0	300.0	200.0	-	1,567	1,250	1,633
Announcement Date	11/02/20	28/01/21	27/01/22	02/02/23	26/01/24	-	-	-

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	868.3	929.2	861.4	948.5	914	887.2	840.4	938.5	864.2	882.7	849.5	933.7	864	860.3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	11.2	-2.017	-	5.641	15.34	-12.98	16.1	49.42	35.43	8.867	32.38	42.67	34.67	19.67
Operating Margin	1.29%	-0.22%	-	0.59%	1.68%	-1.46%	1.92%	5.27%	4.1%	1%	3.81%	4.57%	4.01%	2.29%
Earnings before Tax (EBT) ¹	4.377	-11.2	-	-32.81	10.23	-82.02	6.33	36.19	31.04	-3.009	24.72	32	29	-2
Net income ¹	3.144	-9.707	-3.032	-47.02	10.57	-77.6	4.646	33.61	27.96	-4.43	18.25	24.5	19	3.5
Net margin	0.36%	-1.04%	-0.35%	-4.96%	1.16%	-8.75%	0.55%	3.58%	3.24%	-0.5%	2.15%	2.62%	2.2%	0.41%
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	28/10/21	27/01/22	28/04/22	28/07/22	07/11/22	02/02/23	27/04/23	27/07/23	08/11/23	26/01/24	24/04/24	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,002	604	755	934	-	505	494	223
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.292 x	2.42 x	3.218 x	4.834 x	-	1.663 x	1.625 x	0.724 x
Free Cash Flow ²	160,359	304,907	-60,131	-142,976	-	101,833	91,200	90,300
ROE (net income / shareholders' equity)	1.26%	-9.07%	1.49%	-14.2%	7.66%	8.13%	7.95%	8.1%
ROA (Net income/ Total Assets)	0.46%	-3.21%	0.53%	-4.65%	-	2.98%	3.08%	3.3%
Assets ¹	2,535	2,402	2,465	2,516	-	2,435	2,567	2,456
Book Value Per Share ³	102,148	93,292	96,485	87,146	-	93,752	100,801	107,432
Cash Flow per Share ³	34,436	51,658	-	-	-	28,888	29,479	30,906
Capex ¹	184	159	191	215	-	148	159	162
Capex / Sales	5.79%	5.23%	5.5%	5.95%	-	4.21%	4.57%	4.37%
Announcement Date	11/02/20	28/01/21	27/01/22	02/02/23	26/01/24	-	-	-

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

Ratings for LX Hausys, Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

43,150 KRW

Average target price

54,750 KRW

Spread / Average Target

+26.88%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Construction Supplies & Fixtures

	1st Jan change	Capi.
LX HAUSYS, LTD.	-1.03%	295M
SAINT-GOBAIN	+13.95%	40.03B
ASSA ABLOY AB	+1.14%	29.87B
BUILDERS FIRSTSOURCE, INC.	+10.87%	22.49B
CARLISLE COMPANIES INCORPORATED	+24.21%	18.29B
TREX COMPANY, INC.	+7.02%	9.69B
FORTUNE BRANDS INNOVATIONS, INC.	-7.13%	8.94B
AGC INC.	+10.26%	7.76B
BEIJING NEW BUILDING MATERIALS PUBLIC LIMITED COMPANY	+40.20%	7.64B
SIMPSON MANUFACTURING CO., INC.	-10.35%	7.46B

Other Construction Supplies & Fixtures