Financials Posco International Corporation

Equities

A047050

KR7047050000

Diversified Industrial Goods Wholesale

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
45,400 KRW +1.45% Intraday chart for Posco International Corporation +6.45% -27.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,300,942 1,795,105 2,769,766 2,788,273 10,617,595 7,724,981 - -
Enterprise Value (EV) 2 5,464 4,063 5,861 2,788 10,618 12,240 12,420 12,269
P/E ratio 11 x 7.52 x 7.68 x 4.73 x 15.8 x 12.7 x 10.8 x 10.5 x
Yield 3.75% 4.81% 3.56% - - 2.2% 2.27% 2.39%
Capitalization / Revenue 0.09 x 0.08 x 0.08 x 0.07 x 0.32 x 0.24 x 0.22 x 0.22 x
EV / Revenue 0.22 x 0.19 x 0.17 x 0.07 x 0.32 x 0.38 x 0.36 x 0.34 x
EV / EBITDA 6.13 x 5.03 x 6.31 x 2.14 x 6.24 x 7.03 x 6.49 x 6.2 x
EV / FCF 3.58 x 3.89 x -8.46 x - - 23.8 x 58.1 x 21.6 x
FCF Yield 27.9% 25.7% -11.8% - - 4.21% 1.72% 4.63%
Price to Book 0.75 x 0.57 x 0.79 x - - 1.14 x 1.05 x 0.96 x
Nbr of stocks (in thousands) 123,375 123,375 123,375 123,375 170,154 170,154 - -
Reference price 3 18,650 14,550 22,450 22,600 62,400 45,400 45,400 45,400
Announcement Date 1/31/20 1/28/21 1/26/22 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 24,423 21,472 33,949 37,990 33,133 32,483 34,737 35,901
EBITDA 1 891.6 807.2 929.2 1,303 1,701 1,740 1,912 1,980
EBIT 1 605.3 474.5 585.4 902.5 1,163 1,094 1,225 1,285
Operating Margin 2.48% 2.21% 1.72% 2.38% 3.51% 3.37% 3.53% 3.58%
Earnings before Tax (EBT) 1 330 327.2 488.7 742.1 914.6 876.4 1,010 1,058
Net income 1 209.4 229.5 360.8 589.8 680.4 630.1 737.3 759.6
Net margin 0.86% 1.07% 1.06% 1.55% 2.05% 1.94% 2.12% 2.12%
EPS 2 1,697 1,934 2,924 4,780 3,939 3,581 4,191 4,317
Free Cash Flow 3 1,525,002 1,045,361 -692,565 - - 514,950 213,933 568,633
FCF margin 6,244.23% 4,868.4% -2,040.02% - - 1,585.27% 615.87% 1,583.91%
FCF Conversion (EBITDA) 171,039.48% 129,501.84% - - - 29,591.18% 11,187.06% 28,714.5%
FCF Conversion (Net income) 728,258.12% 455,446.94% - - - 81,730.68% 29,014.65% 74,857.93%
Dividend per Share 2 700.0 700.0 800.0 - - 1,000 1,029 1,083
Announcement Date 1/31/20 1/28/21 1/26/22 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
Net sales 1 9,151 9,186 9,912 11,070 9,041 7,966 8,307 8,865 8,046 7,909 7,760 8,294 8,098 8,160
EBITDA - - - - - - - - - - - - - -
EBIT 1 148.5 140 216 320.6 197 168.8 279.6 357.2 311.7 214.6 265.4 271.4 289.5 259.5
Operating Margin 1.62% 1.52% 2.18% 2.9% 2.18% 2.12% 3.37% 4.03% 3.87% 2.71% 3.42% 3.27% 3.57% 3.18%
Earnings before Tax (EBT) 1 84.3 101.6 222 320.7 149.4 49.98 235.4 313.1 261.1 105 245.5 250 286 208
Net income 1 69.45 73.35 160.5 228.9 109.3 91.02 180.7 223.7 200.6 68.81 176.3 171 189 150.3
Net margin 0.76% 0.8% 1.62% 2.07% 1.21% 1.14% 2.18% 2.52% 2.49% 0.87% 2.27% 2.06% 2.33% 1.84%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/22/21 1/26/22 4/25/22 7/21/22 10/24/22 1/27/23 4/27/23 7/24/23 10/24/23 1/23/24 4/25/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,163 2,268 3,091 - - 4,515 4,695 4,544
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.548 x 2.809 x 3.326 x - - 2.594 x 2.455 x 2.295 x
Free Cash Flow 2 1,525,002 1,045,361 -692,565 - - 514,950 213,933 568,633
ROE (net income / shareholders' equity) 7.05% 7.39% 10.9% 15.3% 12.3% 9.86% 11.1% 10.1%
ROA (Net income/ Total Assets) 2.22% 2.66% 3.78% - - 4.6% 4.73% 4.96%
Assets 1 9,420 8,644 9,550 - - 13,697 15,577 15,315
Book Value Per Share 3 24,706 25,598 28,259 - - 39,731 43,075 47,153
Cash Flow per Share 3 13,041 9,067 -4,131 - - 9,939 9,506 10,750
Capex 1 84 73.2 183 - - 771 832 875
Capex / Sales 0.34% 0.34% 0.54% - - 2.37% 2.4% 2.44%
Announcement Date 1/31/20 1/28/21 1/26/22 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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
45,400 KRW
Average target price
69,875 KRW
Spread / Average Target
+53.91%
Consensus

Quarterly revenue - Rate of surprise

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