POSCO HOLDINGS INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 394,500 KRW | +0.51% |
|
+2.07% | -21.02% |
| Apr. 25 | Honda to set up $11 billion EV production base in Canada | RE |
| Apr. 25 | Posco Holdings' First Quarter Net Profit Fell on Sluggish Demand, Costlier Raw Materials | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,947,349 | 21,335,833 | 20,759,220 | 20,972,297 | 37,900,165 | 29,933,164 | - | - |
| Enterprise Value (EV) 2 | 26,878 | 37,079 | 25,122 | 20,972 | 37,900 | 41,025 | 41,855 | 42,332 |
| P/E ratio | 10.4 x | 13.5 x | 3.22 x | 5.88 x | 20.5 x | 16 x | 12 x | 12.5 x |
| Yield | 4.23% | 2.94% | 6.19% | - | - | 2.65% | 2.72% | 2.8% |
| Capitalization / Revenue | 0.29 x | 0.37 x | 0.27 x | 0.25 x | 0.49 x | 0.38 x | 0.37 x | 0.37 x |
| EV / Revenue | 0.42 x | 0.64 x | 0.33 x | 0.25 x | 0.49 x | 0.52 x | 0.51 x | 0.52 x |
| EV / EBITDA | 3.67 x | 6.15 x | 1.96 x | 2.45 x | 5.15 x | 5.56 x | 4.58 x | 4.52 x |
| EV / FCF | 7.71 x | 6.7 x | 7.87 x | - | - | 26.9 x | 19.5 x | 24.3 x |
| FCF Yield | 13% | 14.9% | 12.7% | - | - | 3.72% | 5.14% | 4.12% |
| Price to Book | 0.43 x | 0.47 x | 0.41 x | - | - | 0.59 x | 0.56 x | 0.54 x |
| Nbr of stocks (in thousands) | 80,116 | 78,441 | 75,626 | 75,849 | 75,876 | 75,876 | - | - |
| Reference price 3 | 236,500 | 272,000 | 274,500 | 276,500 | 499,500 | 394,500 | 394,500 | 394,500 |
| Announcement Date | 1/31/20 | 1/28/21 | 1/12/22 | 1/27/23 | 1/23/24 | - | - | - |
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 | 64,367 | 57,793 | 76,400 | 84,750 | 77,127 | 78,426 | 81,994 | 80,957 |
| EBITDA 1 | 7,330 | 6,025 | 12,818 | 8,544 | 7,355 | 7,379 | 9,130 | 9,367 |
| EBIT 1 | 3,869 | 2,403 | 9,200 | 4,850 | 3,531 | 3,258 | 4,791 | 4,766 |
| Operating Margin | 6.01% | 4.16% | 12.04% | 5.72% | 4.58% | 4.15% | 5.84% | 5.89% |
| Earnings before Tax (EBT) 1 | 3,053 | 2,025 | 9,416 | 4,014 | 2,628 | 3,246 | 4,081 | 3,879 |
| Net income 1 | 1,835 | 1,602 | 6,617 | 3,560 | 1,832 | 2,078 | 2,745 | 2,566 |
| Net margin | 2.85% | 2.77% | 8.66% | 4.2% | 2.38% | 2.65% | 3.35% | 3.17% |
| EPS 2 | 22,823 | 20,165 | 85,377 | 46,988 | 24,326 | 24,614 | 32,909 | 31,611 |
| Free Cash Flow 3 | 3,485,436 | 5,531,325 | 3,190,774 | - | - | 1,524,600 | 2,149,400 | 1,744,500 |
| FCF margin | 5,414.96% | 9,570.93% | 4,176.41% | - | - | 1,943.99% | 2,621.42% | 2,154.85% |
| FCF Conversion (EBITDA) | 47,550.48% | 91,809.65% | 24,893.82% | - | - | 20,661.66% | 23,541.98% | 18,624.62% |
| FCF Conversion (Net income) | 189,931.67% | 345,276.21% | 48,220.86% | - | - | 73,369.5% | 78,301.63% | 67,988.05% |
| Dividend per Share 2 | 10,000 | 8,000 | 17,000 | - | - | 10,435 | 10,732 | 11,053 |
| Announcement Date | 1/31/20 | 1/28/21 | 1/12/22 | 1/27/23 | 1/23/24 | - | - | - |
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 | 20,610 | 21,334 | 21,300 | 23,000 | 21,200 | 19,247 | 19,400 | 20,100 | 19,000 | 18,664 | 18,100 | 19,503 | 19,554 | 19,983 | 16,589 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,110 | 2,368 | 2,300 | 2,100 | 900 | -425 | 700 | 1,300 | 1,200 | 304.3 | 600 | 755.2 | 1,043 | 1,199 | 949.3 |
| Operating Margin | 15.09% | 11.1% | 10.8% | 9.13% | 4.25% | -2.21% | 3.61% | 6.47% | 6.32% | 1.63% | 3.31% | 3.87% | 5.33% | 6% | 5.72% |
| Earnings before Tax (EBT) 1 | 3,360 | 2,099 | 2,500 | 2,300 | 627 | - | 1,000 | 1,000 | 800 | -234.2 | 700 | 771.4 | 859.4 | 806.2 | 824.1 |
| Net income 1 | 2,430 | 1,498 | 1,712 | 1,600 | 592 | -737 | 800 | 700 | 500 | -72.09 | 500 | 495.6 | 504.6 | 169 | 528.3 |
| Net margin | 11.79% | 7.02% | 8.04% | 6.96% | 2.79% | -3.83% | 4.12% | 3.48% | 2.63% | -0.39% | 2.76% | 2.54% | 2.58% | 0.85% | 3.18% |
| EPS | 31,571 | 18,262 | 21,676 | 19,321 | 7,800 | -9,716 | 11,079 | 9,090 | 6,434 | -2,277 | - | 6,264 | 6,383 | 2,138 | - |
| Dividend per Share 2 | 5,000 | 5,000 | 4,000 | 4,000 | 4,000 | - | 2,500 | 2,500 | 2,500 | - | 2,500 | 3,000 | 3,000 | 1,500 | 2,500 |
| Announcement Date | 10/13/21 | 1/12/22 | 4/14/22 | 7/14/22 | 10/18/22 | 1/27/23 | 4/18/23 | 7/18/23 | 10/19/23 | 1/23/24 | 4/25/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,931 | 15,743 | 4,363 | - | - | 11,092 | 11,922 | 12,399 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.082 x | 2.613 x | 0.3404 x | - | - | 1.503 x | 1.306 x | 1.324 x |
| Free Cash Flow 2 | 3,485,436 | 5,531,325 | 3,190,774 | - | - | 1,524,600 | 2,149,400 | 1,744,500 |
| ROE (net income / shareholders' equity) | 4.17% | 3.61% | 14% | 6.92% | 3.11% | 3.74% | 4.82% | 4.6% |
| ROA (Net income/ Total Assets) | 2.33% | 2.03% | 7.76% | 3.75% | 1.84% | 2.38% | 2.88% | 2.9% |
| Assets 1 | 78,760 | 79,072 | 85,279 | 94,938 | 99,650 | 87,494 | 95,161 | 88,479 |
| Book Value Per Share 3 | 553,133 | 583,189 | 666,803 | - | - | 665,342 | 705,624 | 724,030 |
| Cash Flow per Share 3 | 74,685 | 109,778 | 82,691 | - | - | 87,138 | 94,444 | 102,317 |
| Capex 1 | 2,519 | 3,154 | 3,069 | - | - | 6,679 | 6,256 | 7,728 |
| Capex / Sales | 3.91% | 5.46% | 4.02% | - | - | 8.52% | 7.63% | 9.55% |
| Announcement Date | 1/31/20 | 1/28/21 | 1/12/22 | 1/27/23 | 1/23/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
394,500
KRW
Average target price
544,167
KRW
Spread / Average Target
+37.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.02% | 21.75B | |
| +0.79% | 42.1B | |
| +18.89% | 24.83B | |
| +13.50% | 21.17B | |
| -7.50% | 20.77B | |
| +6.81% | 9.44B | |
| -12.44% | 8.5B | |
| -23.08% | 8.41B | |
| +36.31% | 8.35B | |
| -.--% | 7.47B |
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- Financials POSCO Holdings Inc.
