Financials Mirae Corporation

Equities

A025560

KR7025560004

Semiconductor Equipment & Testing

End-of-day quote Korea S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2,210 KRW -0.45% Intraday chart for Mirae Corporation +0.91% -13.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 112,854 112,041 51,149 62,256 48,074 77,390
Enterprise Value (EV) 1 100,388 79,389 57,170 40,489 37,350 61,970
P/E ratio -8.45 x -11.7 x -7.63 x 7.69 x 6.78 x -2.22 x
Yield - - - - - -
Capitalization / Revenue 3.27 x 4.05 x 1.23 x 1.29 x 0.86 x 3.56 x
EV / Revenue 2.91 x 2.87 x 1.38 x 0.84 x 0.66 x 2.85 x
EV / EBITDA -10.5 x -23.6 x 25.2 x 6.88 x 4.1 x -3.23 x
EV / FCF -29.8 x 37.9 x -17.6 x -20.3 x -5.01 x 5.41 x
FCF Yield -3.36% 2.64% -5.67% -4.93% -20% 18.5%
Price to Book 2.37 x 1.69 x 0.88 x 0.74 x 0.51 x 1.03 x
Nbr of stocks (in thousands) 15,216 20,218 20,190 26,586 26,585 30,409
Reference price 2 7,417 5,542 2,533 2,342 1,808 2,545
Announcement Date 2/26/19 3/10/20 3/22/21 3/23/22 3/20/23 3/14/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 34,499 27,692 41,560 48,338 56,172 21,739
EBITDA 1 -9,554 -3,363 2,266 5,886 9,110 -19,172
EBIT 1 -11,433 -4,515 1,169 5,290 8,304 -19,840
Operating Margin -33.14% -16.3% 2.81% 10.94% 14.78% -91.26%
Earnings before Tax (EBT) 1 -13,301 -4,655 -6,722 7,715 8,059 -29,836
Net income 1 -13,301 -6,154 -6,722 7,490 8,023 -33,037
Net margin -38.56% -22.22% -16.17% 15.5% 14.28% -151.97%
EPS 2 -877.2 -472.9 -332.0 304.7 266.5 -1,148
Free Cash Flow 1 -3,372 2,097 -3,243 -1,997 -7,461 11,465
FCF margin -9.77% 7.57% -7.8% -4.13% -13.28% 52.74%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 2/26/19 3/10/20 3/22/21 3/23/22 3/20/23 3/14/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 6,022 - - -
Net Cash position 1 12,466 32,652 - 21,767 10,725 15,420
Leverage (Debt/EBITDA) - - 2.658 x - - -
Free Cash Flow 1 -3,372 2,097 -3,243 -1,997 -7,461 11,465
ROE (net income / shareholders' equity) -24.6% -8.17% -10.3% 10.1% 9.01% -36.2%
ROA (Net income/ Total Assets) -9.33% -3.93% 0.86% 3.1% 4.1% -10.5%
Assets 1 142,507 156,432 -784,957 241,809 195,615 315,253
Book Value Per Share 2 3,128 3,278 2,867 3,184 3,512 2,463
Cash Flow per Share 2 133.0 1,542 480.0 1,436 1,190 312.0
Capex 1 127 600 572 2,950 569 191
Capex / Sales 0.37% 2.17% 1.38% 6.1% 1.01% 0.88%
Announcement Date 2/26/19 3/10/20 3/22/21 3/23/22 3/20/23 3/14/24
1KRW in Million2KRW
Estimates
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