KRAFTON, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 229,500 KRW | +1.77% |
|
-9.65% | +18.54% |
| Apr. 23 | South Korean shares extend gains; earnings in focus | RE |
| Apr. 22 | SK Square selling up to $198 million of Krafton shares in block trade, term sheet says | RE |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 21,527,828 | 7,881,573 | 8,946,667 | 10,606,084 | - | - |
| Enterprise Value (EV) 2 | 18,845 | 7,214 | 8,233 | 7,847 | 7,233 | 6,445 |
| P/E ratio | 39 x | 15.9 x | 15.2 x | 16.8 x | 14.6 x | 12.7 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 11.4 x | 4.25 x | 4.68 x | 4.91 x | 4.39 x | 4.01 x |
| EV / Revenue | 9.99 x | 3.89 x | 4.31 x | 3.64 x | 3 x | 2.44 x |
| EV / EBITDA | 26.6 x | 8.4 x | 9.74 x | 8.93 x | 7.18 x | 5.98 x |
| EV / FCF | 28.9 x | 17.2 x | 13.1 x | 12.6 x | 9.83 x | 8.16 x |
| FCF Yield | 3.46% | 5.82% | 7.63% | 7.95% | 10.2% | 12.3% |
| Price to Book | 4.32 x | 1.61 x | 1.76 x | 1.76 x | 1.55 x | 1.39 x |
| Nbr of stocks (in thousands) | 46,800 | 46,914 | 46,212 | 46,214 | - | - |
| Reference price 3 | 460,000 | 168,000 | 193,600 | 229,500 | 229,500 | 229,500 |
| Announcement Date | 2/10/22 | 2/7/23 | 1/26/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,886 | 1,854 | 1,911 | 2,158 | 2,415 | 2,642 |
| EBITDA 1 | - | 707.2 | 858.3 | 845.3 | 878.3 | 1,008 | 1,078 |
| EBIT 1 | - | 639.6 | 751.6 | 768 | 773.3 | 902.9 | 985.1 |
| Operating Margin | - | 33.91% | 40.54% | 40.2% | 35.83% | 37.39% | 37.29% |
| Earnings before Tax (EBT) 1 | - | 750.4 | 683.9 | 828.6 | 852.7 | 992 | 1,154 |
| Net income 1 | 556.3 | 519.9 | 500.2 | 594.1 | 630.7 | 736 | 852.8 |
| Net margin | - | 27.56% | 26.98% | 31.09% | 29.22% | 30.48% | 32.28% |
| EPS 2 | - | 11,781 | 10,576 | 12,750 | 13,648 | 15,771 | 18,056 |
| Free Cash Flow 3 | - | 652,639 | 419,772 | 627,980 | 623,627 | 735,806 | 789,878 |
| FCF margin | - | 34,598.91% | 22,641.25% | 32,868.64% | 28,892.57% | 30,472.74% | 29,898.7% |
| FCF Conversion (EBITDA) | - | 92,286.68% | 48,907.74% | 74,293.9% | 71,004.83% | 73,001.33% | 73,274.26% |
| FCF Conversion (Net income) | - | 125,531.68% | 83,928.64% | 105,709.86% | 98,871.3% | 99,980% | 92,625.31% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/31/21 | 2/10/22 | 2/7/23 | 1/26/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 521.9 | 444 | 523 | 423.7 | 433.8 | 473.6 | 538.7 | 387.1 | 450.3 | 534.6 | 577.6 | 469.6 | 527.3 | 599.8 | 748.6 |
| EBITDA 1 | - | - | - | - | 163.1 | 181.5 | 308.8 | 158.7 | 217 | 198.6 | 266 | 133 | 178.5 | 143.7 | - |
| EBIT 1 | 195.3 | 43 | 311.9 | 162.3 | 140.3 | 137.1 | 283 | 131.5 | 189.3 | 164.3 | 251.9 | 149 | 183.4 | 191 | 313.6 |
| Operating Margin | 37.42% | 9.68% | 59.64% | 38.31% | 32.34% | 28.95% | 52.53% | 33.97% | 42.04% | 30.73% | 43.61% | 31.72% | 34.78% | 31.85% | 41.89% |
| Earnings before Tax (EBT) 1 | 269.9 | 37.2 | 329.6 | 256.8 | 309.4 | -212 | 362.4 | 159.5 | 280.4 | 26.3 | 267.8 | 169.8 | 214.3 | 178 | 361.5 |
| Net income 1 | 178.3 | 6.2 | 245.2 | 194 | 226.4 | -165.4 | 267.5 | 128.8 | 211.9 | -12.8 | 197.9 | 121.9 | 156.5 | 147.5 | 271.2 |
| Net margin | 34.16% | 1.4% | 46.88% | 45.79% | 52.19% | -34.93% | 49.66% | 33.27% | 47.06% | -2.39% | 34.26% | 25.95% | 29.67% | 24.59% | 36.23% |
| EPS 2 | 3,933 | - | 5,183 | 4,104 | 4,790 | -3,498 | 5,659 | 2,761 | 4,567 | -254.0 | 4,990 | 2,944 | 3,593 | 2,705 | 5,146 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 2/10/22 | 5/12/22 | 8/11/22 | 11/10/22 | 2/7/23 | 5/9/23 | 8/9/23 | 11/7/23 | 1/26/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,683 | 668 | 714 | 2,759 | 3,374 | 4,161 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 2 | - | 652,639 | 419,772 | 627,980 | 623,627 | 735,806 | 789,878 |
| ROE (net income / shareholders' equity) | - | 17.9% | 10.3% | 11.1% | 10.9% | 11.2% | 11.4% |
| ROA (Net income/ Total Assets) | - | 14.1% | 8.51% | 9.54% | 9.57% | 10.1% | 10.4% |
| Assets 1 | - | 3,677 | 5,874 | 6,225 | 6,588 | 7,262 | 8,185 |
| Book Value Per Share 3 | - | 106,558 | 104,151 | 109,959 | 130,756 | 148,141 | 164,593 |
| Cash Flow per Share 3 | - | 16,179 | 9,438 | 14,184 | 16,290 | 19,546 | 20,678 |
| Capex 1 | - | 61.3 | 26.6 | 34.4 | 63.3 | 70.6 | 71.1 |
| Capex / Sales | - | 3.25% | 1.43% | 1.8% | 2.93% | 2.93% | 2.69% |
| Announcement Date | 3/31/21 | 2/10/22 | 2/7/23 | 1/26/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
27
Last Close Price
229,500
KRW
Average target price
285,593
KRW
Spread / Average Target
+24.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.54% | 7.71B | |
| +3.04% | 61.86B | |
| -3.35% | 13.24B | |
| +6.47% | 6.68B | |
| -11.96% | 5.04B | |
| +13.19% | 4.37B | |
| -20.74% | 4.15B | |
| -8.26% | 3.17B | |
| +1.53% | 2.97B | |
| -14.36% | 2.76B |
- Stock Market
- Equities
- A259960 Stock
- Financials KRAFTON, Inc.
