Financials Foosung Co., Ltd.

Equities

A093370

KR7093370005

Commodity Chemicals

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
7,770 ^KRW	-.--%		-2.02%	-35.14%

Mar. 21	Foosung Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Foosung Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	756,598	1,092,760	2,139,218	1,009,568	1,130,337	833,373	-
Enterprise Value (EV) ²	950.3	1,290	2,301	1,266	1,130	1,167	1,175
P/E ratio	62.8 x	182 x	52.9 x	11.9 x	-	85.4 x	27.6 x
Yield	-	-	-	-	-	0.26%	0.26%
Capitalization / Revenue	3.04 x	4.17 x	5.61 x	1.61 x	2.16 x	1.36 x	1.1 x
EV / Revenue	3.82 x	4.93 x	6.03 x	2.02 x	2.16 x	1.91 x	1.55 x
EV / EBITDA	22.5 x	33.9 x	22.5 x	8.09 x	-	13.5 x	10.1 x
EV / FCF	-11.9 x	3,336 x	93.2 x	-54.4 x	-	-38.1 x	-190 x
FCF Yield	-8.37%	0.03%	1.07%	-1.84%	-	-2.62%	-0.53%
Price to Book	3.56 x	5.02 x	8.16 x	2.76 x	-	2.12 x	1.98 x
Nbr of stocks (in thousands)	92,607	92,607	92,607	94,352	94,352	107,255	-
Reference price ³	8,170	11,800	23,100	10,700	11,980	7,770	7,770
Announcement Date	2/10/20	2/3/21	2/14/22	2/24/23	2/14/24	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	248.9	261.9	381.2	627.9	523.2	612.4	758.2
EBITDA ¹	42.27	38.01	102.3	156.4	-	86.5	116.3
EBIT ¹	20	3.938	59.48	106.5	-45.16	23.2	51.6
Operating Margin	8.03%	1.5%	15.6%	16.96%	-8.63%	3.79%	6.81%
Earnings before Tax (EBT) ¹	-	-0.4588	56.53	123.4	-126.5	12.2	37.8
Net income ¹	4.159	5.992	45.88	99.75	-123.6	8.5	26.6
Net margin	1.67%	2.29%	12.04%	15.89%	-23.62%	1.39%	3.51%
EPS ²	130.0	65.00	437.0	901.0	-	91.00	282.0
Free Cash Flow ³	-79,571	386.7	24,688	-23,284	-	-30,600	-6,200
FCF margin	-31,963.59%	147.64%	6,475.75%	-3,708.53%	-	-4,996.73%	-817.73%
FCF Conversion (EBITDA)	-	1,017.29%	24,127.16%	-	-	-	-
FCF Conversion (Net income)	-	6,453.55%	53,806.42%	-	-	-	-
Dividend per Share ²	-	-	-	-	-	20.00	20.00
Announcement Date	2/10/20	2/3/21	2/14/22	2/24/23	2/14/24	-	-

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
Net sales	107.5	135	158.6	149.7	153.2	166.4	-
EBITDA	-	-	-	-	-	-	-
EBIT	22.48	30.36	52.37	30.63	24.86	-2.492	-
Operating Margin	20.91%	22.48%	33.02%	20.47%	16.22%	-1.5%	-
Earnings before Tax (EBT)	27.69	27.14	-	-	26.06	20.83	-
Net income ¹	-	-	-	-	-	-	-3.733
Net margin	-	-	-	-	-	-	-
EPS ²	-	-	-	-	-	-	-40.00
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/15/21	2/14/22	5/16/22	8/16/22	11/14/22	2/24/23	5/15/23

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	194	197	161	256	-	334	342
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.584 x	5.195 x	1.576 x	1.638 x	-	3.859 x	2.94 x
Free Cash Flow ²	-79,571	387	24,688	-23,284	-	-30,600	-6,200
ROE (net income / shareholders' equity)	1.69%	2.79%	17.1%	29.1%	-34.8%	2.5%	7.4%
ROA (Net income/ Total Assets)	0.85%	-	8.04%	-	-	-	-
Assets ¹	488	-	570.4	-	-	-	-
Book Value Per Share ³	2,295	2,350	2,830	3,882	-	3,666	3,927
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	111	40.2	56.3	118	-	73.5	75.8
Capex / Sales	44.72%	15.35%	14.78%	18.73%	-	12%	10%
Announcement Date	2/10/20	2/3/21	2/14/22	2/24/23	2/14/24	-	-

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

Ratings for Foosung Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7,770 KRW

Average target price

20,000 KRW

Spread / Average Target

+157.40%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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