Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 502,003 500,329 410,810 466,299 479,469 393,600
Enterprise Value (EV) 1 -2,513,234 -3,298,376 -1,846,955 -2,016,892 -3,180,880 -2,653,974
P/E ratio 7.21 x 9.48 x 26.5 x 2.55 x 7.17 x 6.07 x
Yield 4.81% 4.78% 5.43% 7.01% 6.71% 7.17%
Capitalization / Revenue 0.32 x 0.33 x 0.18 x 0.18 x 0.26 x 0.23 x
EV / Revenue -1.59 x -2.19 x -0.79 x -0.79 x -1.73 x -1.53 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.46 x 0.44 x 0.34 x 0.26 x 0.34 x 0.3 x
Nbr of stocks (in thousands) 8,997 8,862 8,948 8,210 8,038 7,054
Reference price 2 57,200 57,500 46,050 57,100 59,600 55,800
Announcement Date 31/05/18 30/05/19 11/06/20 16/06/21 15/06/22 15/06/23
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,580,681 1,507,523 2,341,778 2,543,200 1,835,555 1,735,298
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 109,729 108,460 34,993 268,320 130,317 128,876
Net income 1 73,943 74,136 20,632 189,780 89,183 96,391
Net margin 4.68% 4.92% 0.88% 7.46% 4.86% 5.55%
EPS 2 7,931 6,068 1,736 22,418 8,307 9,200
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2,750 2,750 2,500 4,000 4,000 4,000
Announcement Date 31/05/18 30/05/19 11/06/20 16/06/21 15/06/22 15/06/23
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,015,237 3,798,705 2,257,765 2,483,191 3,660,350 3,047,574
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 6.95% 6.63% 1.74% 15.3% 6.61% 6.9%
ROA (Net income/ Total Assets) 0.91% 0.83% 0.21% 2.02% 0.91% 0.98%
Assets 1 8,166,007 8,922,432 9,933,362 9,412,278 9,753,126 9,822,785
Book Value Per Share 2 124,286 131,973 135,482 217,224 177,863 188,226
Cash Flow per Share 2 15,656 8,223 41,648 37,485 32,658 39,013
Capex 1 36,344 10,299 2,208 1,847 3,082 1,187
Capex / Sales 2.3% 0.68% 0.09% 0.07% 0.17% 0.07%
Announcement Date 31/05/18 30/05/19 11/06/20 16/06/21 15/06/22 15/06/23
1KRW in Million2KRW
Estimates
  1. Stock Market
  2. Equities
  3. A001720 Stock
  4. Financials Shinyoung Securities Co., Ltd.