POSCO FUTURE M CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 250,500 KRW | +0.20% |
|
-1.57% | -30.22% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,003,670 | 6,342,775 | 11,154,704 | 13,933,293 | 27,793,586 | 19,393,562 | - | - |
| Enterprise Value (EV) 2 | 3,196 | 6,753 | 11,027 | 14,793 | 30,302 | 23,469 | 24,680 | 25,781 |
| P/E ratio | 29.5 x | 214 x | 82.1 x | 118 x | 968 x | 150 x | 56.2 x | 43.7 x |
| Yield | 0.81% | 0.38% | 0.21% | 0.17% | 0.08% | 0.11% | 0.13% | 0.12% |
| Capitalization / Revenue | 2.02 x | 4.05 x | 5.61 x | 4.22 x | 5.84 x | 4.05 x | 2.46 x | 1.93 x |
| EV / Revenue | 2.15 x | 4.31 x | 5.54 x | 4.48 x | 6.37 x | 4.9 x | 3.14 x | 2.57 x |
| EV / EBITDA | 27.4 x | 54.2 x | 54.4 x | 57.3 x | 175 x | 51.7 x | 30.3 x | 24.7 x |
| EV / FCF | -13 x | -33.1 x | -24.6 x | -20.5 x | -16.9 x | -12.1 x | -15.7 x | -26.1 x |
| FCF Yield | -7.7% | -3.03% | -4.07% | -4.87% | -5.93% | -8.25% | -6.36% | -3.83% |
| Price to Book | 2.98 x | 6.34 x | 4.61 x | 5.64 x | 11.8 x | 7.91 x | 6.88 x | 6.28 x |
| Nbr of stocks (in thousands) | 60,988 | 60,988 | 77,463 | 77,407 | 77,419 | 77,419 | - | - |
| Reference price 3 | 49,250 | 104,000 | 144,000 | 180,000 | 359,000 | 250,500 | 250,500 | 250,500 |
| Announcement Date | 1/31/20 | 1/27/21 | 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 | 1,484 | 1,566 | 1,990 | 3,302 | 4,760 | 4,791 | 7,872 | 10,028 |
| EBITDA 1 | 116.4 | 124.7 | 202.9 | 258.1 | 173.5 | 453.8 | 815 | 1,044 |
| EBIT 1 | 89.86 | 60.27 | 121.7 | 165.9 | 35.88 | 165.6 | 427.7 | 596.7 |
| Operating Margin | 6.06% | 3.85% | 6.12% | 5.02% | 0.75% | 3.46% | 5.43% | 5.95% |
| Earnings before Tax (EBT) 1 | 113 | 34.74 | 146 | 133.9 | -16.09 | 133.8 | 444.7 | 530.9 |
| Net income 1 | 101 | 29.75 | 134.2 | 118.3 | 28.72 | 129.4 | 354.3 | 423.2 |
| Net margin | 6.81% | 1.9% | 6.74% | 3.58% | 0.6% | 2.7% | 4.5% | 4.22% |
| EPS 2 | 1,672 | 485.0 | 1,753 | 1,527 | 371.0 | 1,668 | 4,455 | 5,726 |
| Free Cash Flow 3 | -245,939 | -204,321 | -448,492 | -720,100 | -1,797,145 | -1,935,761 | -1,570,015 | -988,038 |
| FCF margin | -16,575.26% | -13,045.33% | -22,542.49% | -21,808.56% | -37,756.16% | -40,403.89% | -19,945.14% | -9,853.06% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 400.0 | 400.0 | 300.0 | 300.0 | 300.0 | 282.8 | 313.2 | 301.4 |
| Announcement Date | 1/31/20 | 1/27/21 | 1/26/22 | 1/27/23 | 1/23/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 537.3 | 664.6 | 803.2 | 1,053 | 780.8 | 1,135 | 1,193 | 1,286 | 1,146 | 1,138 | 1,017 | 1,185 | 1,334 | 1,531 | 1,737 |
| EBITDA 1 | 41.12 | 46.49 | 77.98 | 106 | 27.64 | 49.74 | 84.5 | 67.42 | -35.33 | 37.94 | 123.7 | 148.2 | 155 | 186.1 | 198.7 |
| EBIT 1 | 20.46 | 25.54 | 55.22 | 81.8 | 3.307 | 20.26 | 52.14 | 37.14 | -73.66 | 37.9 | 27.42 | 45.05 | 57.28 | 78.84 | 94.57 |
| Operating Margin | 3.81% | 3.84% | 6.87% | 7.77% | 0.42% | 1.79% | 4.37% | 2.89% | -6.43% | 3.33% | 2.7% | 3.8% | 4.29% | 5.15% | 5.45% |
| Earnings before Tax (EBT) 1 | 14.89 | 38.94 | 59.08 | 81.46 | -45.53 | 50.86 | 51.79 | 26.62 | -145.4 | 31.38 | 19 | 31.72 | 44.58 | 36 | 42.1 |
| Net income 1 | 19.46 | 36.24 | 40.53 | 64.6 | -23.09 | 39.13 | 42.54 | 22.33 | -75.27 | 60.17 | 11.16 | 22.5 | 32.58 | 27.5 | 31.4 |
| Net margin | 3.62% | 5.45% | 5.05% | 6.13% | -2.96% | 3.45% | 3.57% | 1.74% | -6.57% | 5.29% | 1.1% | 1.9% | 2.44% | 1.8% | 1.81% |
| EPS 2 | 248.0 | 468.0 | 523.0 | 835.0 | -299.0 | 506.0 | 549.0 | 288.0 | -972.0 | 777.0 | 418.8 | 455.6 | 777.4 | 861.0 | 938.4 |
| Dividend per Share 2 | 300.0 | - | - | - | 300.0 | - | - | - | 300.0 | - | - | - | 400.0 | - | - |
| Announcement Date | 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 Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 192 | 410 | - | 860 | 2,508 | 4,076 | 5,286 | 6,387 |
| Net Cash position 1 | - | - | 128 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.651 x | 3.292 x | - | 3.331 x | 14.46 x | 8.982 x | 6.486 x | 6.12 x |
| Free Cash Flow 2 | -245,939 | -204,321 | -448,492 | -720,100 | -1,797,145 | -1,935,761 | -1,570,015 | -988,038 |
| ROE (net income / shareholders' equity) | 11.5% | 2.93% | 5.5% | 4.87% | 1.19% | 4.96% | 11.2% | 13% |
| ROA (Net income/ Total Assets) | 7.55% | 1.56% | 4.46% | 2.76% | 0.52% | 1.31% | 3.84% | 3.85% |
| Assets 1 | 1,339 | 1,909 | 3,005 | 4,280 | 5,485 | 9,872 | 9,238 | 11,006 |
| Book Value Per Share 3 | 16,500 | 16,408 | 31,227 | 31,914 | 30,358 | 31,655 | 36,417 | 39,864 |
| Cash Flow per Share 3 | 1,039 | 628.0 | 1,347 | -787.0 | -5,746 | 5,940 | 10,281 | 13,567 |
| Capex 1 | 309 | 243 | 552 | 659 | 1,352 | 2,204 | 2,161 | 2,003 |
| Capex / Sales | 20.81% | 15.49% | 27.74% | 19.96% | 28.41% | 46.01% | 27.45% | 19.97% |
| Announcement Date | 1/31/20 | 1/27/21 | 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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
250,500
KRW
Average target price
335,643
KRW
Spread / Average Target
+33.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.22% | 14.02B | |
| +17.07% | 66.31B | |
| -0.29% | 48.46B | |
| +21.61% | 43.27B | |
| +26.72% | 27.41B | |
| +9.25% | 19.26B | |
| +9.75% | 16.58B | |
| -2.14% | 16.61B | |
| -15.01% | 14.41B | |
| -22.45% | 13.34B |
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- Financials Posco Future M Co., Ltd.
