Financials Meritz Financial Group Inc.

Equities

A138040

KR7138040001

Investment Holding Companies

End-of-day quote Korea S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
81,300 KRW -0.12% Intraday chart for Meritz Financial Group Inc. -1.22% +37.56%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,291,247 5,559,845 5,232,037 11,231,484 14,280,103 - -
Enterprise Value (EV) 2 1,291 5,560 5,232 11,231 42,480 42,303 42,121
P/E ratio 2.75 x - - 5.39 x 6.79 x 6.25 x 5.79 x
Yield - 0.48% - - 2.68% 2.93% 2.98%
Capitalization / Revenue - 0.36 x 1.24 x 3.15 x 3.84 x 3.74 x 3.63 x
EV / Revenue - 0.36 x 1.24 x 3.15 x 11.4 x 11.1 x 10.7 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 1.49 x - - 1.51 x 1.29 x 1.07 x
Nbr of stocks (in thousands) 131,626 126,360 122,530 190,042 175,647 - -
Reference price 3 9,810 44,000 42,700 59,100 81,300 81,300 81,300
Announcement Date 18/03/21 16/03/22 02/03/23 07/02/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 15,606 4,216 3,564 3,717 3,821 3,935
EBITDA - - - - - - -
EBIT 1 - 1,801 2,201 2,934 3,013 3,183 3,224
Operating Margin - 11.54% 52.21% 82.31% 81.07% 83.3% 81.94%
Earnings before Tax (EBT) 1 - - - 2,854 3,061 3,204 3,342
Net income 1 489.7 - - 2,050 2,253 2,366 2,462
Net margin - - - 57.51% 60.6% 61.92% 62.58%
EPS 2 3,571 - - 10,970 11,974 13,017 14,043
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 210.0 - - 2,175 2,383 2,420
Announcement Date 18/03/21 16/03/22 02/03/23 07/02/24 - - -
1KRW in Billions2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,103 964.6 1,753 - 1,009 597.6 955.1 939.4 955.2 862.3
EBITDA - - - - - - - - - -
EBIT 1 625.8 390.9 817.8 780.1 830.7 504.9 770.8 775.5 795.2 700.2
Operating Margin 56.72% 40.53% 46.66% - 82.32% 84.49% 80.7% 82.55% 83.25% 81.21%
Earnings before Tax (EBT) 1 - - - - - - 809.2 801.5 818.7 698
Net income 1 - - - - - - 585.8 585.5 598.2 527.3
Net margin - - - - - - 61.33% 62.33% 62.63% 61.15%
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 14/11/22 02/03/23 12/05/23 14/08/23 14/11/23 07/02/24 14/05/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 28,200 28,023 27,840
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 20.1% 25.6% 26.6% 22.4% 20.7% 19.8%
ROA (Net income/ Total Assets) - 1.04% 1.92% - 2.14% 2.18% 2.16%
Assets 1 - - - - 105,135 108,399 114,192
Book Value Per Share 2 - 29,591 - - 53,676 62,796 75,859
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 18/03/21 16/03/22 02/03/23 07/02/24 - - -
1KRW in Billions2KRW
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
81,300 KRW
Average target price
100,000 KRW
Spread / Average Target
+23.00%
Consensus

Quarterly revenue - Rate of surprise

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