Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 317,767 282,272 342,255 412,823 252,028 195,322
Enterprise Value (EV) 1 -161,041 -532,506 -897,633 -401,556 -659,769 -506,239
P/E ratio 9.22 x 4.95 x 3.26 x 3.41 x 12.2 x 9.16 x
Yield 5.47% 6.16% 8.1% 7.33% 2% 3.87%
Capitalization / Revenue 0.32 x 0.27 x 0.18 x 0.28 x 0.2 x 0.17 x
EV / Revenue -0.16 x -0.51 x -0.46 x -0.27 x -0.53 x -0.44 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.78 x 0.55 x 0.5 x 0.49 x 0.3 x 0.23 x
Nbr of stocks (in thousands) 35,865 50,406 50,406 50,406 50,406 50,406
Reference price 2 8,860 5,600 6,790 8,190 5,000 3,875
Announcement Date 3/13/19 3/30/20 3/17/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,007,298 1,044,938 1,942,682 1,485,615 1,239,909 1,144,092
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 47,316 70,923 165,922 220,131 40,627 38,344
Net income 1 34,048 51,536 126,030 160,830 29,709 28,661
Net margin 3.38% 4.93% 6.49% 10.83% 2.4% 2.51%
EPS 2 960.5 1,132 2,081 2,401 410.0 423.0
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 485.0 345.0 550.0 600.0 100.0 150.0
Announcement Date 3/13/19 3/30/20 3/17/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 478,808 814,777 1,239,888 814,379 911,798 701,561
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 8.58% 11.2% 20.1% 19.3% 3.22% 3.09%
ROA (Net income/ Total Assets) 1.08% 1.33% 2.05% 2.19% 0.45% 0.41%
Assets 1 3,149,717 3,862,079 6,161,345 7,353,218 6,551,055 6,980,225
Book Value Per Share 2 11,403 10,197 13,549 16,701 16,525 16,841
Cash Flow per Share 2 191.0 359.0 1,578 687.0 984.0 2,044
Capex 1 2,351 703 2,305 16,199 3,271 3,206
Capex / Sales 0.23% 0.07% 0.12% 1.09% 0.26% 0.28%
Announcement Date 3/13/19 3/30/20 3/17/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates
  1. Stock Market
  2. Equities
  3. A078020 Stock
  4. Financials EBEST Investment & Securities Co., Ltd.