PI ADVANCED MATERIALS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20,850 KRW | 0.00% |
|
+4.72% | -31.64% |
| 02-06 | PI Advanced Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Arkema Closes Purchase of Majority Stake in PI Advanced Materials | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,027,821 | 1,086,554 | 1,618,084 | 848,687 | 895,673 | 612,288 | - |
| Enterprise Value (EV) 2 | 1,071 | 1,071 | 1,586 | 928.8 | 895.7 | 705.9 | 698.7 |
| P/E ratio | 58 x | 26 x | 25.3 x | 18.6 x | -500 x | 24 x | 15.3 x |
| Yield | 2.37% | 1.92% | 1.98% | 2.7% | - | 3.74% | 3.69% |
| Capitalization / Revenue | 4.6 x | 4.15 x | 5.36 x | 3.07 x | 4.12 x | 2.41 x | 2.11 x |
| EV / Revenue | 4.79 x | 4.09 x | 5.25 x | 3.36 x | 4.12 x | 2.78 x | 2.41 x |
| EV / EBITDA | 20.4 x | 13.2 x | 15.9 x | 11.9 x | 35.4 x | 11.4 x | 8.47 x |
| EV / FCF | 75.5 x | 14.8 x | 28.4 x | -10.3 x | - | 19.1 x | 24.2 x |
| FCF Yield | 1.32% | 6.74% | 3.52% | -9.73% | - | 5.23% | 4.13% |
| Price to Book | 4.09 x | 3.84 x | 4.97 x | 2.49 x | - | 1.92 x | 1.81 x |
| Nbr of stocks (in thousands) | 29,366 | 29,366 | 29,366 | 29,366 | 29,366 | 29,366 | - |
| Reference price 3 | 35,000 | 37,000 | 55,100 | 28,900 | 30,500 | 20,850 | 20,850 |
| Announcement Date | 16/01/20 | 05/02/21 | 24/01/22 | 06/02/23 | 15/01/24 | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 223.7 | 261.8 | 301.9 | 276.4 | 217.6 | 254.3 | 290.3 |
| EBITDA 1 | 52.52 | 80.95 | 99.56 | 77.91 | 25.3 | 62.16 | 82.46 |
| EBIT 1 | 33.6 | 60.01 | 75.86 | 52.14 | -3.938 | 31.2 | 49.45 |
| Operating Margin | 15.02% | 22.92% | 25.13% | 18.86% | -1.81% | 12.27% | 17.04% |
| Earnings before Tax (EBT) 1 | 21.16 | 52.74 | 83.31 | 53.98 | -6.647 | 31.98 | 50.89 |
| Net income 1 | 17.72 | 41.72 | 64 | 45.71 | -1.796 | 25.63 | 40.3 |
| Net margin | 7.92% | 15.94% | 21.2% | 16.54% | -0.83% | 10.08% | 13.88% |
| EPS 2 | 603.0 | 1,421 | 2,179 | 1,557 | -61.00 | 870.5 | 1,366 |
| Free Cash Flow 3 | 14,180 | 72,159 | 55,857 | -90,356 | - | 36,933 | 28,846 |
| FCF margin | 6,339.41% | 27,563.67% | 18,503.73% | -32,685.4% | - | 14,524.48% | 9,937.47% |
| FCF Conversion (EBITDA) | 26,999.37% | 89,142.69% | 56,104.11% | - | - | 59,416.56% | 34,981.81% |
| FCF Conversion (Net income) | 80,032.73% | 172,943.17% | 87,276.59% | - | - | 144,083.24% | 71,580.38% |
| Dividend per Share 2 | 830.0 | 711.0 | 1,090 | 779.0 | - | 779.0 | 769.3 |
| Announcement Date | 16/01/20 | 05/02/21 | 24/01/22 | 06/02/23 | 15/01/24 | - | - |
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 | 80.27 | 69.93 | 78.27 | 75.05 | 70.26 | 52.85 | 42.64 | 60.22 | 61.39 | 53.4 | 51.81 | 62.3 | 72.16 | 65.84 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 19.19 | 14.43 | 13.24 | 12.95 | 14.09 | 11.86 | -11.74 | 2.47 | 4.241 | 1.095 | 2.47 | 6.84 | 10.82 | 9.64 |
| Operating Margin | 23.91% | 20.63% | 16.92% | 17.25% | 20.05% | 22.43% | -27.54% | 4.1% | 6.91% | 2.05% | 4.77% | 10.98% | 14.99% | 14.64% |
| Earnings before Tax (EBT) 1 | 20.18 | 22.12 | 14.01 | 15.59 | 17.17 | 7.208 | - | 1.613 | 4.176 | -0.257 | 1.816 | 8.2 | 11.2 | 8.7 |
| Net income 1 | 15.64 | 16.13 | 11.86 | 12.75 | 13.57 | 7.529 | - | 2.178 | 4.207 | -0.149 | 1.486 | 7 | 9.6 | 7.4 |
| Net margin | 19.48% | 23.06% | 15.16% | 16.99% | 19.31% | 14.24% | - | 3.62% | 6.85% | -0.28% | 2.87% | 11.24% | 13.3% | 11.24% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 25/10/21 | 24/01/22 | 25/04/22 | 25/07/22 | 24/10/22 | 06/02/23 | 08/05/23 | 24/07/23 | 01/11/23 | 15/01/24 | 30/04/24 | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 43.3 | - | - | 80.1 | - | 93.6 | 86.4 |
| Net Cash position 1 | - | 15.5 | 32.3 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8242 x | - | - | 1.028 x | - | 1.506 x | 1.048 x |
| Free Cash Flow 2 | 14,180 | 72,159 | 55,857 | -90,356 | - | 36,933 | 28,846 |
| ROE (net income / shareholders' equity) | 8.63% | 15.6% | 21% | 13.7% | -0.72% | 8.03% | 12.1% |
| ROA (Net income/ Total Assets) | 5.8% | 10.5% | 14.6% | 9.41% | -0.35% | 5.03% | 7.28% |
| Assets 1 | 305.4 | 398.5 | 438.5 | 486 | 508.5 | 510.1 | 553.3 |
| Book Value Per Share 3 | 8,557 | 9,633 | 11,097 | 11,627 | - | 10,863 | 11,542 |
| Cash Flow per Share 3 | 1,296 | 2,756 | 3,016 | 594.0 | - | 2,001 | 2,458 |
| Capex 1 | 23.9 | 8.78 | 32.7 | 108 | - | 40.4 | 31.9 |
| Capex / Sales | 10.68% | 3.35% | 10.83% | 38.99% | - | 15.89% | 10.97% |
| Announcement Date | 16/01/20 | 05/02/21 | 24/01/22 | 06/02/23 | 15/01/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -31.64% | 452M | |
| +3.99% | 40.11B | |
| -19.14% | 22.51B | |
| -13.76% | 13.47B | |
| -9.95% | 10.16B | |
| -9.98% | 9.64B | |
| +9.13% | 7.55B | |
| +12.15% | 7B | |
| -26.77% | 5.56B | |
| -29.24% | 3.37B |
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- Financials PI Advanced Materials Co., Ltd.
