Financials Shin Heung Energy & Electronics Co.,Ltd.

Equities

A243840

KR7243840006

Electrical Components & Equipment

End-of-day quote Korea S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
9,640 KRW +7.47% Intraday chart for Shin Heung Energy & Electronics Co.,Ltd. +2.34% +3.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 252,046 332,802 489,083 320,621 363,504 375,179 - -
Enterprise Value (EV) 2 384.7 471.8 633.9 494.5 653.8 700.2 728.1 698.2
P/E ratio 17.6 x 18.9 x 18.8 x 19.2 x 14.1 x 17.3 x 9.19 x 9.99 x
Yield 0.73% 0.63% 0.52% 0.8% 0.92% 0.89% 0.79% 0.89%
Capitalization / Revenue 1.05 x 1.19 x 1.34 x 0.67 x 0.67 x 0.59 x 0.45 x 0.42 x
EV / Revenue 1.61 x 1.68 x 1.73 x 1.03 x 1.21 x 1.11 x 0.88 x 0.79 x
EV / EBITDA 10.5 x 9.76 x 11 x 7.36 x 7.38 x 7.14 x 5.88 x 5.59 x
EV / FCF -10.7 x -21.7 x -8.86 x -5.51 x -5.82 x -22.6 x -24 x 53.7 x
FCF Yield -9.36% -4.62% -11.3% -18.1% -17.2% -4.43% -4.17% 1.86%
Price to Book 2.96 x 2.57 x 1.6 x 1.04 x 1.08 x 1.22 x 1.1 x 1.02 x
Nbr of stocks (in thousands) 32,861 34,848 38,816 38,816 38,919 38,919 - -
Reference price 3 7,670 9,550 12,600 8,260 9,340 9,640 9,640 9,640
Announcement Date 21/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 239.5 280.1 366.3 477.8 539.9 631 830.8 889
EBITDA 1 36.61 48.34 57.59 67.15 88.56 98 123.9 125
EBIT 1 20.19 26.65 31.07 31.02 43.09 47.6 66.15 69
Operating Margin 8.43% 9.52% 8.48% 6.49% 7.98% 7.54% 7.96% 7.76%
Earnings before Tax (EBT) 1 17.58 18.48 30.99 23.86 34.45 31.8 52.7 53
Net income 1 16.06 18.31 26.23 19.98 30.37 25.4 43.45 44
Net margin 6.7% 6.54% 7.16% 4.18% 5.63% 4.03% 5.23% 4.95%
EPS 2 434.8 504.4 671.0 430.0 662.4 557.0 1,049 965.0
Free Cash Flow 3 -35,988 -21,776 -71,590 -89,694 -112,268 -31,000 -30,350 13,000
FCF margin -15,026.75% -7,775.18% -19,546.65% -18,771.41% -20,796.04% -4,912.84% -3,652.89% 1,462.32%
FCF Conversion (EBITDA) - - - - - - - 10,400%
FCF Conversion (Net income) - - - - - - - 29,545.45%
Dividend per Share 2 56.00 60.00 66.00 66.00 86.00 86.00 76.00 86.00
Announcement Date 21/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 94.56 110.6 115 126.1 126.2 121.2 128.5 154.6 135.5 147.9 128.1 166.6 188.4 158.9 177.1
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1.021 5.424 8.584 8.004 9.003 6.788 9.748 14 13.12 10.23 6.4 15 16 9.5 12.4
Operating Margin 1.08% 4.91% 7.46% 6.35% 7.14% 5.6% 7.59% 9.05% 9.68% 6.92% 5% 9% 8.49% 5.98% 7%
Earnings before Tax (EBT) - - 8.64 16.32 -7.545 - - 12.1 6.067 - - - - - -
Net income -2.331 - 8.286 13.77 -8.026 - - 10.58 5.748 - - - - - -
Net margin -2.46% - 7.2% 10.92% -6.36% - - 6.84% 4.24% - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 28/02/22 16/05/22 16/08/22 14/11/22 27/02/23 15/05/23 14/08/23 14/11/23 28/02/24 14/05/24 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 133 139 145 174 290 325 353 323
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.622 x 2.874 x 2.515 x 2.589 x 3.278 x 3.316 x 2.849 x 2.584 x
Free Cash Flow 2 -35,988 -21,776 -71,590 -89,694 -112,268 -31,000 -30,350 13,000
ROE (net income / shareholders' equity) 17.3% 15.8% 12.5% 6.68% 9.41% 7.3% 11.4% 10.7%
ROA (Net income/ Total Assets) 5.28% 5.28% 5.93% 3.27% 4.13% 3% 4.1% 4.6%
Assets 1 304 346.4 442.2 610.5 734.5 846.7 1,060 956.5
Book Value Per Share 3 2,591 3,723 7,853 7,931 8,681 7,878 8,790 9,479
Cash Flow per Share - 836.0 852.0 - - - - -
Capex 1 56.3 53.5 106 140 168 100 105 80
Capex / Sales 23.49% 19.1% 28.85% 29.29% 31.18% 15.85% 12.69% 9%
Announcement Date 21/02/20 25/02/21 28/02/22 27/02/23 28/02/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
9,640 KRW
Average target price
12,500 KRW
Spread / Average Target
+29.67%
Consensus

Quarterly revenue - Rate of surprise

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