SAMICK MUSICAL INSTRUMENT CO., LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,307 KRW | +0.62% |
|
+1.55% | +19.91% |
| 02-22 | SAMICK MUSICAL INSTRUMENT Co., Ltd announces an Equity Buyback for 5,000,000 shares. | CI |
| 02-22 | SAMICK MUSICAL INSTRUMENT Co., Ltd authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 149,938 | 154,950 | 121,955 | 152,444 | 104,125 | 88,324 |
| Enterprise Value (EV) 1 | 428,058 | 440,318 | 370,793 | 286,478 | 204,830 | 179,651 |
| P/E ratio | 11.1 x | 11.4 x | 12.2 x | 6.21 x | 6.91 x | 26 x |
| Yield | 2.79% | 2.7% | 3.42% | 2.74% | 3.89% | - |
| Capitalization / Revenue | 0.62 x | 0.58 x | 0.49 x | 0.52 x | 0.32 x | 0.36 x |
| EV / Revenue | 1.78 x | 1.66 x | 1.5 x | 0.97 x | 0.63 x | 0.72 x |
| EV / EBITDA | 12.2 x | 11 x | 11.1 x | 6.19 x | 8.32 x | 9.08 x |
| EV / FCF | -61.8 x | -128 x | 11.9 x | 9.65 x | 16.4 x | 7.32 x |
| FCF Yield | -1.62% | -0.78% | 8.39% | 10.4% | 6.12% | 13.7% |
| Price to Book | 0.71 x | 0.69 x | 0.55 x | 0.59 x | 0.4 x | 0.34 x |
| Nbr of stocks (in thousands) | 83,531 | 83,531 | 83,531 | 83,531 | 81,031 | 81,031 |
| Reference price 2 | 1,795 | 1,855 | 1,460 | 1,825 | 1,285 | 1,090 |
| Announcement Date | 20/03/19 | 18/03/20 | 22/03/21 | 22/03/22 | 22/03/23 | 21/03/24 |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 240,038 | 265,392 | 247,858 | 295,428 | 325,700 | 247,929 |
| EBITDA 1 | 35,090 | 39,890 | 33,549 | 46,245 | 24,624 | 19,784 |
| EBIT 1 | 23,916 | 27,585 | 20,166 | 33,095 | 11,147 | 6,615 |
| Operating Margin | 9.96% | 10.39% | 8.14% | 11.2% | 3.42% | 2.67% |
| Earnings before Tax (EBT) 1 | 16,422 | 13,268 | 14,194 | 40,676 | 23,526 | 7,193 |
| Net income 1 | 13,822 | 13,649 | 10,036 | 24,584 | 15,102 | 3,422 |
| Net margin | 5.76% | 5.14% | 4.05% | 8.32% | 4.64% | 1.38% |
| EPS 2 | 162.0 | 163.0 | 120.0 | 294.0 | 186.0 | 42.00 |
| Free Cash Flow 1 | -6,932 | -3,445 | 31,119 | 29,691 | 12,526 | 24,557 |
| FCF margin | -2.89% | -1.3% | 12.56% | 10.05% | 3.85% | 9.91% |
| FCF Conversion (EBITDA) | - | - | 92.76% | 64.2% | 50.87% | 124.13% |
| FCF Conversion (Net income) | - | - | 310.07% | 120.78% | 82.95% | 717.65% |
| Dividend per Share 2 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | - |
| Announcement Date | 20/03/19 | 18/03/20 | 22/03/21 | 22/03/22 | 22/03/23 | 21/03/24 |
1KRW in Million2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 278,120 | 285,369 | 248,837 | 134,034 | 100,705 | 91,327 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.926 x | 7.154 x | 7.417 x | 2.898 x | 4.09 x | 4.616 x |
| Free Cash Flow 1 | -6,932 | -3,445 | 31,119 | 29,691 | 12,526 | 24,557 |
| ROE (net income / shareholders' equity) | 10.7% | 6.01% | 4.46% | 9.97% | 5.86% | 1.3% |
| ROA (Net income/ Total Assets) | 2.5% | 2.86% | 2.04% | 3.43% | 1.26% | 0.78% |
| Assets 1 | 552,127 | 477,881 | 491,787 | 717,686 | 1,199,712 | 436,915 |
| Book Value Per Share 2 | 2,528 | 2,685 | 2,671 | 3,074 | 3,225 | 3,245 |
| Cash Flow per Share 2 | 374.0 | 290.0 | 939.0 | 1,257 | 1,011 | 1,100 |
| Capex 1 | 13,973 | 12,409 | 7,733 | 4,610 | 11,294 | 9,860 |
| Capex / Sales | 5.82% | 4.68% | 3.12% | 1.56% | 3.47% | 3.98% |
| Announcement Date | 20/03/19 | 18/03/20 | 22/03/21 | 22/03/22 | 22/03/23 | 21/03/24 |
1KRW in Million2KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +19.91% | 77.33M | |
| +9.98% | 3.79B | |
| -23.22% | 835M | |
| +4.49% | 205M | |
| -37.99% | 162M |
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