Financials LS ELECTRIC Co., Ltd.

Equities

A010120

KR7010120004

Heavy Electrical Equipment

End-of-day quote Korea S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
178,000 KRW +3.97% Intraday chart for LS ELECTRIC Co., Ltd. +6.27% +143.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,601,146 1,850,409 1,636,336 1,655,681 2,148,863 5,225,376 - -
Enterprise Value (EV) 2 1,653 1,712 1,554 1,986 2,149 5,526 5,571 5,478
P/E ratio 15.4 x 21.7 x 19.3 x 18.3 x - 21.5 x 17.7 x 14.9 x
Yield 2.2% 1.9% 1.79% 1.95% - 1.76% 2.05% 2.47%
Capitalization / Revenue 0.68 x 0.77 x 0.61 x 0.49 x 0.51 x 1.2 x 1.09 x 0.99 x
EV / Revenue 0.7 x 0.71 x 0.58 x 0.59 x 0.51 x 1.27 x 1.16 x 1.04 x
EV / EBITDA 6.45 x 8.04 x 6.57 x 6.85 x - 12 x 10.3 x 9.1 x
EV / FCF 12.3 x 7.97 x 34 x -7.63 x - 16.6 x 19 x 16.8 x
FCF Yield 8.11% 12.5% 2.94% -13.1% - 6.03% 5.27% 5.94%
Price to Book 1.18 x 1.31 x 1.1 x 1.07 x - 2.83 x 2.52 x 2.29 x
Nbr of stocks (in thousands) 29,325 29,325 29,325 29,356 29,356 29,356 - -
Reference price 3 54,600 63,100 55,800 56,400 73,200 178,000 178,000 178,000
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 1/26/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,347 2,403 2,668 3,377 4,230 4,344 4,811 5,273
EBITDA 1 256.2 213 236.4 289.7 - 461.3 543.4 601.9
EBIT 1 168.5 133.7 155.1 187.5 324.9 356.9 427 494.2
Operating Margin 7.18% 5.57% 5.81% 5.55% 7.68% 8.22% 8.87% 9.37%
Earnings before Tax (EBT) 1 147 127.8 110.8 127 264.1 322.9 392.7 469.2
Net income 1 103.9 85.49 84.76 90.42 206.3 244.1 301 357.4
Net margin 4.43% 3.56% 3.18% 2.68% 4.88% 5.62% 6.26% 6.78%
EPS 2 3,542 2,905 2,890 3,077 - 8,285 10,065 11,958
Free Cash Flow 3 133,973 214,707 45,709 -260,324 - 333,450 293,350 325,400
FCF margin 5,708.61% 8,936.19% 1,713.04% -7,707.78% - 7,675.89% 6,097.37% 6,170.88%
FCF Conversion (EBITDA) 52,297.19% 100,814.1% 19,331.67% - - 72,279.84% 53,987.82% 54,058.61%
FCF Conversion (Net income) 128,982.18% 251,162.31% 53,924.52% - - 136,611.85% 97,458.47% 91,054.94%
Dividend per Share 2 1,200 1,200 1,000 1,100 - 3,130 3,651 4,400
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 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 1 682.6 753 729.7 878.8 838.9 930 975.8 1,202 1,023 1,030 1,039 1,099 1,088 1,167 1,191
EBITDA 1 - - - - - - - 101 107 - 100.1 121.7 120.5 120.9 123.4
EBIT 1 40.44 44.3 40.57 60.1 60.74 26.12 81.76 104.9 70.12 68.09 93.74 84.14 85.8 90.12 102.2
Operating Margin 5.92% 5.88% 5.56% 6.84% 7.24% 2.81% 8.38% 8.73% 6.86% 6.61% 9.03% 7.66% 7.88% 7.72% 8.58%
Earnings before Tax (EBT) 1 11.32 33.59 41.23 34.59 24.81 26.34 62.24 94.29 60.65 46.92 98.49 76.74 73.05 77.65 94.4
Net income 1 8.095 24.21 33.3 27.62 13.78 16.46 50.5 72.94 40.51 42.31 78.4 56.22 56.4 58 73.1
Net margin 1.19% 3.22% 4.56% 3.14% 1.64% 1.77% 5.18% 6.07% 3.96% 4.11% 7.55% 5.12% 5.18% 4.97% 6.14%
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/28/21 1/28/22 4/29/22 7/28/22 10/31/22 1/31/23 4/27/23 7/25/23 10/30/23 1/26/24 4/29/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 51.8 - - 330 - 301 346 253
Net Cash position 1 - 139 82 - - - - -
Leverage (Debt/EBITDA) 0.2022 x - - 1.139 x - 0.6521 x 0.6369 x 0.4198 x
Free Cash Flow 2 133,973 214,707 45,709 -260,324 - 333,450 293,350 325,400
ROE (net income / shareholders' equity) 7.82% 6.16% 5.83% 5.95% - 13.7% 15% 16.3%
ROA (Net income/ Total Assets) 4.2% 3.37% 3.16% 2.95% - 7% 7.98% 8.75%
Assets 1 2,472 2,539 2,684 3,064 - 3,489 3,773 4,082
Book Value Per Share 3 46,397 48,133 50,525 52,933 - 62,958 70,601 77,819
Cash Flow per Share 3 7,368 9,852 3,463 -4,956 - 12,156 12,894 16,719
Capex 1 82.1 74.2 55.8 115 - 117 125 138
Capex / Sales 3.5% 3.09% 2.09% 3.4% - 2.7% 2.59% 2.61%
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
178,000 KRW
Average target price
173,800 KRW
Spread / Average Target
-2.36%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials LS ELECTRIC Co., Ltd.
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