Financials Se Gyung Hi Tech Co., Ltd.

Equities

A148150

KR7148150006

Electronic Equipment & Parts

End-of-day quote Korea S.E. Other stock markets 23:00:00 09/05/2024 BST			5-day change	1st Jan Change
9,650 ^KRW	+1.05%		-4.17%	+48.92%

03-21	Tranche Update on Se Gyung Hi Tech Co., Ltd.'s Equity Buyback Plan announced on December 21, 2023.	CI
03-21	Tranche Update on Se Gyung Hi Tech Co., Ltd.'s Equity Buyback Plan announced on December 21, 2023.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	415,619	267,766	334,084	139,644	229,086	336,852	-	-
Enterprise Value (EV) ²	420.2	267.8	301.1	117.4	229.1	205.3	143.2	336.9
P/E ratio	17.9 x	-77.4 x	14.9 x	8.45 x	7.73 x	8.06 x	6.88 x	-
Yield	-	-	0.35%	0.84%	-	3.11%	3.11%	3.11%
Capitalization / Revenue	1.48 x	1.22 x	1.25 x	0.54 x	0.75 x	0.9 x	0.84 x	0.75 x
EV / Revenue	1.49 x	1.22 x	1.12 x	0.45 x	0.75 x	0.55 x	0.36 x	0.75 x
EV / EBITDA	11.9 x	-	7.59 x	-	3.76 x	2.57 x	1.62 x	-
EV / FCF	-12.4 x	-	16.1 x	4.34 x	-	3.05 x	2.29 x	-
FCF Yield	-8.09%	-	6.21%	23%	-	32.8%	43.6%	-
Price to Book	3.01 x	-	2.13 x	0.81 x	-	1.96 x	1.65 x	1.5 x
Nbr of stocks (in thousands)	34,926	34,926	35,353	35,353	35,353	34,907	-	-
Reference price ³	11,900	7,667	9,450	3,950	6,480	9,650	9,650	9,650
Announcement Date	27/02/20	25/02/21	21/02/22	15/03/23	20/02/24	-	-	-

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	281.5	220	268.3	260.6	304.5	375.2	402.2	446.3
EBITDA ¹	35.33	-	39.69	-	60.9	79.8	88.2	-
EBIT ¹	23.38	2.006	17.35	7.999	36.18	53.15	59.9	64.9
Operating Margin	8.3%	0.91%	6.47%	3.07%	11.88%	14.16%	14.89%	14.54%
Earnings before Tax (EBT) ¹	26.36	-3.016	26.48	16.19	33.92	53.6	62.8	-
Net income ¹	20.59	-3.459	22.73	16.25	34.93	42.3	49.6	-
Net margin	7.31%	-1.57%	8.47%	6.23%	11.47%	11.27%	12.33%	-
EPS ²	663.7	-99.00	636.3	467.3	838.0	1,197	1,402	-
Free Cash Flow ³	-34,013	-	18,699	27,042	-	67,300	62,400	-
FCF margin	-12,083.88%	-	6,968.68%	10,374.89%	-	17,934.71%	15,514.67%	-
FCF Conversion (EBITDA)	-	-	47,114.47%	-	-	84,335.84%	70,748.3%	-
FCF Conversion (Net income)	-	-	82,270.13%	166,458.06%	-	159,101.65%	125,806.45%	-
Dividend per Share ²	-	-	33.33	33.33	-	300.0	300.0	300.0
Announcement Date	27/02/20	25/02/21	21/02/22	15/03/23	20/02/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q3	2023 Q2	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	89.05	76.46	86.32	67.87	68.85	90.7	121.4	94.25
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	10.38	9.568	10.59	5.672	9.3	12.9	17.65	13.25
Operating Margin	11.65%	12.51%	12.27%	8.36%	13.51%	14.22%	14.54%	14.06%
Earnings before Tax (EBT) ¹	18.15	6.1	21.39	-5.675	10.2	11.8	17.8	13.7
Net income ¹	15.47	5.985	18.19	-5.287	8.1	9.3	14.1	10.8
Net margin	17.37%	7.83%	21.07%	-7.79%	11.76%	10.25%	11.61%	11.46%
EPS	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	15/11/21	21/02/22	30/10/22	14/08/23	-	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	4.56	-	-	-	-	-	-	-
Net Cash position ¹	-	-	33	22.3	-	132	194	-
Leverage (Debt/EBITDA)	0.129 x	-	-	-	-	-	-	-
Free Cash Flow ²	-34,013	-	18,699	27,042	-	67,300	62,400	-
ROE (net income / shareholders' equity)	18.2%	-2.56%	15.7%	9.82%	18.6%	19.3%	18.9%	18.1%
ROA (Net income/ Total Assets)	11.6%	-	9.63%	6.99%	-	15.1%	14.8%	-
Assets ¹	177.5	-	236	232.4	-	280.1	335.1	-
Book Value Per Share ³	3,956	-	4,434	4,896	-	4,928	5,833	6,422
Cash Flow per Share ³	-	-	-	-	-	2,229	2,402	2,427
Capex ¹	58.1	-	29.4	20.3	-	13.1	13.7	15
Capex / Sales	20.63%	-	10.96%	7.79%	-	3.48%	3.41%	3.36%
Announcement Date	27/02/20	25/02/21	21/02/22	15/03/23	20/02/24	-	-	-

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 Se Gyung Hi Tech Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9,650 KRW

Average target price

12,500 KRW

Spread / Average Target

+29.53%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
SE GYUNG HI TECH CO., LTD.	+48.92%	246M
AMPHENOL CORPORATION	+28.69%	76.62B
HON HAI PRECISION INDUSTRY CO., LTD.	+62.20%	72.38B
MURATA MANUFACTURING CO., LTD	-8.95%	33.01B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-14.37%	29.31B
JABIL INC.	-7.42%	14.22B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-7.23%	10.61B
LENS TECHNOLOGY CO., LTD.	+8.71%	9.81B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-9.56%	9.54B
EOPTOLINK TECHNOLOGY INC., LTD.	+69.97%	8.24B

Electronic Component