Financials Miwon Commercial Co., Ltd.

Equities

A002840

KR7002840007

Specialty Chemicals

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
193,800 KRW +1.31% Intraday chart for Miwon Commercial Co., Ltd. +0.68% +13.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 193,763 290,016 603,855 1,007,325 805,100 791,508
Enterprise Value (EV) 1 170,826 281,412 582,331 986,085 780,450 754,635
P/E ratio 9.22 x 9.25 x 11.7 x 17.5 x 11.3 x 13.3 x
Yield 1.95% 1.15% 0.58% 2.95% 0.9% 1.17%
Capitalization / Revenue 0.59 x 1.16 x 2.05 x 2.8 x 1.84 x 1.88 x
EV / Revenue 0.52 x 1.13 x 1.97 x 2.74 x 1.78 x 1.79 x
EV / EBITDA 4.08 x 6.21 x 9.52 x 12.1 x 7.48 x 7.72 x
EV / FCF 8.11 x -9.26 x -310 x 125 x 58.5 x 45.2 x
FCF Yield 12.3% -10.8% -0.32% 0.8% 1.71% 2.21%
Price to Book 1.01 x 1.29 x 2.26 x 3.4 x 2.35 x 2.14 x
Nbr of stocks (in thousands) 4,899 5,088 4,970 4,950 4,850 4,645
Reference price 2 39,555 57,000 121,500 203,500 166,000 170,400
Announcement Date 3/18/19 3/16/20 3/15/21 3/21/22 3/20/23 3/18/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 328,648 249,991 294,984 359,795 438,188 421,367
EBITDA 1 41,905 45,304 61,166 81,257 104,396 97,758
EBIT 1 27,172 32,260 42,884 57,155 77,016 67,239
Operating Margin 8.27% 12.9% 14.54% 15.89% 17.58% 15.96%
Earnings before Tax (EBT) 1 26,041 41,441 62,499 71,268 87,825 76,134
Net income 1 21,530 31,123 51,848 57,743 72,216 61,016
Net margin 6.55% 12.45% 17.58% 16.05% 16.48% 14.48%
EPS 2 4,292 6,163 10,369 11,641 14,752 12,771
Free Cash Flow 1 21,057 -30,387 -1,879 7,858 13,348 16,685
FCF margin 6.41% -12.16% -0.64% 2.18% 3.05% 3.96%
FCF Conversion (EBITDA) 50.25% - - 9.67% 12.79% 17.07%
FCF Conversion (Net income) 97.8% - - 13.61% 18.48% 27.34%
Dividend per Share 2 769.6 653.9 700.0 6,000 1,500 2,000
Announcement Date 3/18/19 3/16/20 3/15/21 3/21/22 3/20/23 3/18/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 22,936 8,604 21,524 21,240 24,650 36,873
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 21,057 -30,387 -1,879 7,858 13,348 16,685
ROE (net income / shareholders' equity) 12% 14.7% 21.1% 20.5% 22.6% 17%
ROA (Net income/ Total Assets) 6.34% 7.66% 8.79% 10.2% 12.2% 9.74%
Assets 1 339,542 406,154 589,675 566,875 591,136 626,638
Book Value Per Share 2 39,263 44,134 53,838 59,795 70,659 79,711
Cash Flow per Share 2 4,582 1,807 4,471 4,378 5,222 7,892
Capex 1 30,984 42,103 42,700 28,837 41,409 59,908
Capex / Sales 9.43% 16.84% 14.48% 8.01% 9.45% 14.22%
Announcement Date 3/18/19 3/16/20 3/15/21 3/21/22 3/20/23 3/18/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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