Financials SL Corporation

Equities

A005850

KR7005850003

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
35,500 KRW +8.40% Intraday chart for SL Corporation +9.57% -0.56%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 843,041 748,401 1,436,930 1,056,973 1,644,180 1,634,969 - -
Enterprise Value (EV) 2 773.8 646.1 1,400 1,226 1,694 1,515 1,123 777.5
P/E ratio 9.17 x 11.4 x 14.9 x 6.83 x 4.9 x 4.33 x 4.15 x 3.67 x
Yield 2.2% 3.08% 1.6% 2.61% 2.52% 3.19% 2.7% 4.08%
Capitalization / Revenue 0.37 x 0.3 x 0.48 x 0.25 x 0.34 x 0.32 x 0.29 x 0.28 x
EV / Revenue 0.34 x 0.26 x 0.47 x 0.29 x 0.35 x 0.3 x 0.2 x 0.13 x
EV / EBITDA 5.48 x 3.01 x 5.95 x 3.64 x 3.14 x 2.37 x 1.61 x 1.04 x
EV / FCF -4.88 x -372 x 33.1 x 106 x 6.24 x 5.77 x 4.02 x 1.88 x
FCF Yield -20.5% -0.27% 3.02% 0.95% 16% 17.3% 24.8% 53.1%
Price to Book 0.58 x 0.53 x 0.96 x 0.65 x 0.85 x 0.73 x 0.64 x 0.55 x
Nbr of stocks (in thousands) 46,449 46,055 46,055 46,055 46,055 46,055 - -
Reference price 3 18,150 16,250 31,200 22,950 35,700 35,500 35,500 35,500
Announcement Date 03/03/20 15/02/21 18/02/22 17/02/23 16/02/24 - - -
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 2,262 2,505 3,001 4,175 4,839 5,058 5,587 5,842
EBITDA 1 141.1 215 235.2 336.9 539.4 640.5 698 744.5
EBIT 1 43.6 93.16 110.5 197.9 386.2 482.6 494 561.5
Operating Margin 1.93% 3.72% 3.68% 4.74% 7.98% 9.54% 8.84% 9.61%
Earnings before Tax (EBT) 1 81.89 88.98 155.5 215.7 428.8 510.5 522.8 605
Net income 1 85.8 64.5 96.45 154.7 335.5 380.2 402.4 450
Net margin 3.79% 2.57% 3.21% 3.71% 6.93% 7.52% 7.2% 7.7%
EPS 2 1,979 1,420 2,094 3,360 7,285 8,190 8,548 9,683
Free Cash Flow 3 -158,416 -1,735 42,254 11,597 271,437 262,500 279,000 413,000
FCF margin -7,002.72% -69.27% 1,407.92% 277.8% 5,609.54% 5,190.11% 4,993.38% 7,070.1%
FCF Conversion (EBITDA) - - 17,964.65% 3,442.62% 50,325.55% 40,983.61% 39,971.35% 55,473.47%
FCF Conversion (Net income) - - 43,808.73% 7,494.97% 80,903.36% 69,048.66% 69,325.38% 91,777.78%
Dividend per Share 2 400.0 500.0 500.0 600.0 900.0 1,133 960.0 1,450
Announcement Date 03/03/20 15/02/21 18/02/22 17/02/23 16/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 712.8 828.1 844.8 1,016 1,071 1,242 1,211 1,254 1,183 1,191 1,246 1,305 1,259 1,245
EBITDA - - - - - - - - - - - - - -
EBIT 1 22.67 -5.468 40.99 78.4 48.52 30.01 104.1 133.9 82.75 65.44 138.8 142.2 99.55 93.75
Operating Margin 3.18% -0.66% 4.85% 7.72% 4.53% 2.42% 8.59% 10.68% 7% 5.5% 11.14% 10.9% 7.91% 7.53%
Earnings before Tax (EBT) 1 23.53 11.54 - - 65.14 12.37 126.7 140.2 93.67 68.23 160.5 140 124 64
Net income 1 16.49 -11.36 40.55 59.45 37.59 17.14 90.17 104.1 61.05 80.2 116.4 108.1 87 65.9
Net margin 2.31% -1.37% 4.8% 5.85% 3.51% 1.38% 7.45% 8.3% 5.16% 6.74% 9.35% 8.28% 6.91% 5.29%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 15/11/21 18/02/22 16/05/22 16/08/22 14/11/22 17/02/23 15/05/23 14/08/23 14/11/23 16/02/24 16/05/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 169 49.7 - - -
Net Cash position 1 69.3 102 36.7 - - 120 512 858
Leverage (Debt/EBITDA) - - - 0.5016 x 0.0921 x - - -
Free Cash Flow 2 -158,416 -1,735 42,254 11,597 271,437 262,500 279,000 413,000
ROE (net income / shareholders' equity) 7.25% 4.6% 6.54% 10.3% 18.8% 18.1% 16.4% 16.1%
ROA (Net income/ Total Assets) 4.37% 2.8% 3.93% 5.63% 10.9% 12.3% 10.9% 12.2%
Assets 1 1,965 2,307 2,453 2,750 3,084 3,099 3,701 3,704
Book Value Per Share 3 31,387 30,480 32,608 35,492 41,872 48,874 55,607 64,861
Cash Flow per Share 3 - 3,521 4,159 - - 15,899 16,527 17,880
Capex 1 117 156 149 160 157 231 294 173
Capex / Sales 5.19% 6.22% 4.97% 3.84% 3.24% 4.56% 5.26% 2.95%
Announcement Date 03/03/20 15/02/21 18/02/22 17/02/23 16/02/24 - - -
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
BUY
Number of Analysts
5
Last Close Price
35,500 KRW
Average target price
50,200 KRW
Spread / Average Target
+41.41%
Consensus

Quarterly revenue - Rate of surprise

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