Financials KOREIT

Equities

A034830

KR7034830000

Diversified REITs

End-of-day quote Korea S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1,011 KRW -.--% Intraday chart for KOREIT -1.27% -13.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 662,245 499,366 462,059 594,051 298,736 254,405
Enterprise Value (EV) 1 939,847 837,689 560,500 725,503 447,126 757,069
P/E ratio 3.96 x 4.67 x 5.55 x 4.26 x 12.4 x -30.7 x
Yield 4.07% 3.81% 4.46% 3.84% 6.11% 5.96%
Capitalization / Revenue 2.63 x 2.56 x 2.61 x 3.15 x 1.84 x 1.87 x
EV / Revenue 3.73 x 4.29 x 3.16 x 3.84 x 2.75 x 5.56 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.8 x 0.57 x 0.5 x 0.58 x 0.29 x 0.25 x
Nbr of stocks (in thousands) 245,276 237,793 228,742 228,042 228,042 216,514
Reference price 2 2,700 2,100 2,020 2,605 1,310 1,175
Announcement Date 3/14/19 3/12/20 3/11/21 3/16/22 3/23/23 3/20/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 252,146 195,086 177,324 188,860 162,580 136,154
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 222,903 149,615 117,226 187,960 31,237 -9,545
Net income 1 167,128 108,039 84,815 139,341 24,097 -8,445
Net margin 66.28% 55.38% 47.83% 73.78% 14.82% -6.2%
EPS 2 682.3 449.2 364.0 611.0 105.8 -38.33
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 110.0 80.00 90.00 100.0 80.00 70.00
Announcement Date 3/14/19 3/12/20 3/11/21 3/16/22 3/23/23 3/20/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 62.95 48.34 - 48.87 59.37 41.3 46.99 48.1 133.7
EBITDA - - - - - - - - -
EBIT 1 37.93 - - 18 -1.024 4.426 11.74 -1.292 16.36
Operating Margin 60.25% - - 36.84% -1.73% 10.72% 24.98% -2.69% 12.24%
Earnings before Tax (EBT) - - - - - - - - -
Net income - - 20.86 - - - - - -
Net margin - - - - - - - - -
EPS - - 91.00 - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 11/15/21 2/9/22 5/16/22 11/14/22 2/7/23 5/15/23 8/14/23 11/14/23 2/7/24
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 277,602 338,322 98,441 131,452 148,390 502,664
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 21.6% 12.7% 9.44% 14.4% 2.37% -0.75%
ROA (Net income/ Total Assets) 12.9% 7.67% 5.69% 8.57% 1.41% -0.42%
Assets 1 1,294,432 1,408,516 1,489,993 1,625,346 1,703,696 1,987,507
Book Value Per Share 2 3,379 3,677 4,031 4,475 4,503 4,631
Cash Flow per Share 2 705.0 393.0 1,556 1,560 1,195 701.0
Capex 1 523 212 5,352 980 524 37,307
Capex / Sales 0.21% 0.11% 3.02% 0.52% 0.32% 27.4%
Announcement Date 3/14/19 3/12/20 3/11/21 3/16/22 3/23/23 3/20/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise