Financials Ram Technology Co., Ltd

Equities

A171010

KR7171010002

Semiconductors

End-of-day quote Korea S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
5,600 KRW +1.63% Intraday chart for Ram Technology Co., Ltd -6.98% +2.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 35,529 88,752 79,392 115,436 75,130 77,696
Enterprise Value (EV) 1 61,031 96,089 90,870 126,074 86,675 102,382
P/E ratio 23.6 x 28.2 x 36.5 x 36.2 x 12.5 x -26.9 x
Yield - - - - - -
Capitalization / Revenue 1.09 x 2.04 x 1.86 x 2.38 x 1.12 x 1.81 x
EV / Revenue 1.87 x 2.21 x 2.13 x 2.6 x 1.29 x 2.38 x
EV / EBITDA 12.4 x 13.9 x 17.8 x 18.4 x 9.56 x -147 x
EV / FCF 48.9 x 60.3 x -18 x 105 x -14.9 x -8.2 x
FCF Yield 2.05% 1.66% -5.55% 0.95% -6.73% -12.2%
Price to Book 1.88 x 2.55 x 2.08 x 2.68 x 1.46 x 1.6 x
Nbr of stocks (in thousands) 11,461 11,571 11,607 13,423 13,836 14,204
Reference price 2 3,100 7,670 6,840 8,600 5,430 5,470
Announcement Date 12/03/19 10/03/20 15/03/21 21/03/22 21/03/23 19/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 32,617 43,411 42,759 48,583 67,023 42,976
EBITDA 1 4,935 6,926 5,093 6,849 9,070 -698.5
EBIT 1 2,127 4,493 2,612 4,473 6,904 -2,952
Operating Margin 6.52% 10.35% 6.11% 9.21% 10.3% -6.87%
Earnings before Tax (EBT) 1 980.2 3,576 1,986 3,445 7,475 -4,566
Net income 1 1,499 3,174 2,493 3,161 6,059 -2,869
Net margin 4.6% 7.31% 5.83% 6.51% 9.04% -6.68%
EPS 2 131.1 272.0 187.5 237.2 433.0 -203.4
Free Cash Flow 1 1,248 1,595 -5,044 1,197 -5,836 -12,493
FCF margin 3.83% 3.67% -11.8% 2.46% -8.71% -29.07%
FCF Conversion (EBITDA) 25.29% 23.03% - 17.48% - -
FCF Conversion (Net income) 83.25% 50.25% - 37.87% - -
Dividend per Share - - - - - -
Announcement Date 12/03/19 10/03/20 15/03/21 21/03/22 21/03/23 19/03/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 25,502 7,337 11,479 10,637 11,545 24,686
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.168 x 1.059 x 2.254 x 1.553 x 1.273 x -35.34 x
Free Cash Flow 1 1,248 1,595 -5,044 1,197 -5,836 -12,493
ROE (net income / shareholders' equity) 8.2% 11.6% 6.68% 7.68% 12.8% -5.73%
ROA (Net income/ Total Assets) 2.75% 4.88% 2.48% 4.16% 5.66% -2.11%
Assets 1 54,427 65,087 100,476 75,955 107,091 136,161
Book Value Per Share 2 1,650 3,004 3,292 3,210 3,722 3,421
Cash Flow per Share 2 145.0 1,666 937.0 717.0 628.0 888.0
Capex 1 856 1,113 8,722 2,230 6,186 12,102
Capex / Sales 2.62% 2.56% 20.4% 4.59% 9.23% 28.16%
Announcement Date 12/03/19 10/03/20 15/03/21 21/03/22 21/03/23 19/03/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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