TCC STEEL CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 53,000 KRW | -1.85% |
|
-2.21% | -9.86% |
| 03-11 | TCC Steel Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | TCC Steel Corp.(KOSE:A002710) added to KOSPI 200 Index | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 41,995 | 59,823 | 122,695 | 224,516 | 234,497 | 1,541,365 |
| Enterprise Value (EV) 1 | 134,196 | 177,940 | 248,394 | 307,829 | 381,555 | 1,778,088 |
| P/E ratio | 4.3 x | 11.9 x | -79.4 x | 7.79 x | 7.55 x | -196 x |
| Yield | 4% | 1.1% | 0.28% | 1.55% | 1.28% | 0.14% |
| Capitalization / Revenue | 0.1 x | 0.14 x | 0.28 x | 0.42 x | 0.34 x | 2.47 x |
| EV / Revenue | 0.32 x | 0.41 x | 0.58 x | 0.57 x | 0.56 x | 2.85 x |
| EV / EBITDA | 5.99 x | 9.24 x | 32.2 x | 9.3 x | 7.45 x | 95.4 x |
| EV / FCF | 8.83 x | -13 x | -162 x | -88.4 x | -9.01 x | -14.9 x |
| FCF Yield | 11.3% | -7.69% | -0.62% | -1.13% | -11.1% | -6.71% |
| Price to Book | 0.38 x | 0.51 x | 1.05 x | 1.49 x | 1.15 x | 6.68 x |
| Nbr of stocks (in thousands) | 22,122 | 22,478 | 23,194 | 23,194 | 25,080 | 26,214 |
| Reference price 2 | 1,898 | 2,661 | 5,290 | 9,680 | 9,350 | 58,800 |
| Announcement Date | 06/03/19 | 10/03/20 | 15/03/21 | 10/03/22 | 16/03/23 | 11/03/24 |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 413,176 | 437,174 | 431,798 | 536,651 | 684,415 | 624,419 |
| EBITDA 1 | 22,417 | 19,258 | 7,712 | 33,089 | 51,181 | 18,637 |
| EBIT 1 | 17,081 | 12,863 | 982.9 | 25,620 | 43,996 | 11,263 |
| Operating Margin | 4.13% | 2.94% | 0.23% | 4.77% | 6.43% | 1.8% |
| Earnings before Tax (EBT) 1 | 15,364 | 10,752 | -464.3 | 39,235 | 35,653 | -10,233 |
| Net income 1 | 9,769 | 5,046 | -1,516 | 28,807 | 29,343 | -7,753 |
| Net margin | 2.36% | 1.15% | -0.35% | 5.37% | 4.29% | -1.24% |
| EPS 2 | 441.6 | 224.5 | -66.63 | 1,242 | 1,239 | -300.1 |
| Free Cash Flow 1 | 15,196 | -13,678 | -1,533 | -3,482 | -42,339 | -119,333 |
| FCF margin | 3.68% | -3.13% | -0.35% | -0.65% | -6.19% | -19.11% |
| FCF Conversion (EBITDA) | 67.79% | - | - | - | - | - |
| FCF Conversion (Net income) | 155.55% | - | - | - | - | - |
| Dividend per Share 2 | 75.94 | 29.35 | 15.00 | 150.0 | 120.0 | 80.00 |
| Announcement Date | 06/03/19 | 10/03/20 | 15/03/21 | 10/03/22 | 16/03/23 | 11/03/24 |
1KRW in Million2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 92,201 | 118,117 | 125,698 | 83,313 | 147,059 | 236,723 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.113 x | 6.133 x | 16.3 x | 2.518 x | 2.873 x | 12.7 x |
| Free Cash Flow 1 | 15,196 | -13,678 | -1,533 | -3,482 | -42,339 | -119,333 |
| ROE (net income / shareholders' equity) | 9.15% | 4.4% | -1.42% | 20.8% | 16.2% | -3.74% |
| ROA (Net income/ Total Assets) | 3.66% | 2.6% | 0.2% | 4.75% | 6.29% | 1.32% |
| Assets 1 | 266,964 | 194,267 | -766,626 | 606,060 | 466,597 | -587,746 |
| Book Value Per Share 2 | 4,980 | 5,185 | 5,054 | 6,507 | 8,127 | 8,808 |
| Cash Flow per Share 2 | 1,034 | 666.0 | 599.0 | 1,800 | 1,300 | 988.0 |
| Capex 1 | 3,060 | 8,623 | 5,060 | 9,887 | 44,727 | 115,576 |
| Capex / Sales | 0.74% | 1.97% | 1.17% | 1.84% | 6.54% | 18.51% |
| Announcement Date | 06/03/19 | 10/03/20 | 15/03/21 | 10/03/22 | 16/03/23 | 11/03/24 |
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. | |
|---|---|---|
| -9.86% | 1B | |
| +24.36% | 1.81B | |
| -15.19% | 1.67B | |
| -28.55% | 851M | |
| -6.80% | 632M | |
| -7.37% | 497M | |
| -32.01% | 471M | |
| -25.69% | 412M | |
| +23.08% | 103M | |
| +4.17% | 74.96M |
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