Financials Dongwon Systems Corporation

Equities

A014820

KR7014820005

Non-Paper Containers & Packaging

End-of-day quote Korea S.E. 06:00:00 2024-05-23 pm EDT 5-day change 1st Jan Change
40,700 KRW 0.00% Intraday chart for Dongwon Systems Corporation -4.01% +17.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 755,430 915,797 1,493,258 1,176,807 1,007,013 1,186,205 -
Enterprise Value (EV) 2 755.4 1,249 1,888 1,472 1,305 1,609 1,608
P/E ratio 19.8 x - 33.1 x 14.6 x 15.7 x 18.1 x 14 x
Yield - 1.68% 1.17% 1.48% 1.74% 1.47% 1.47%
Capitalization / Revenue 0.72 x 0.85 x 1.19 x 0.82 x 0.79 x 0.83 x 0.73 x
EV / Revenue 0.72 x 1.16 x 1.51 x 1.02 x 1.02 x 1.12 x 0.99 x
EV / EBITDA - 8.12 x 11.9 x 8.63 x 8.16 x 8.99 x 7.76 x
EV / FCF - - 206 x 12.6 x 18 x -56.9 x 87.4 x
FCF Yield - - 0.48% 7.95% 5.55% -1.76% 1.14%
Price to Book - 1.87 x 2.24 x 1.61 x 1.29 x 1.47 x 1.35 x
Nbr of stocks (in thousands) 25,687 25,687 29,257 29,058 29,255 29,255 -
Reference price 3 29,400 35,700 51,200 40,600 34,500 40,700 40,700
Announcement Date 3/17/20 2/9/21 2/9/22 2/13/23 2/14/24 - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,042 1,079 1,253 1,437 1,277 1,436 1,619
EBITDA 1 - 153.9 158.9 170.5 159.9 178.9 207.3
EBIT 1 - 97.67 90 91.84 80.85 94.6 120
Operating Margin - 9.06% 7.18% 6.39% 6.33% 6.59% 7.41%
Earnings before Tax (EBT) 1 - - 65.23 78.87 69.47 83.6 108.5
Net income 1 - - 39.87 72.49 64.11 65.2 84.6
Net margin - - 3.18% 5.04% 5.02% 4.54% 5.23%
EPS 2 1,485 - 1,549 2,784 2,194 2,249 2,916
Free Cash Flow 3 - - 9,152 117,018 72,477 -28,300 18,400
FCF margin - - 730.46% 8,143.25% 5,677.09% -1,970.75% 1,136.5%
FCF Conversion (EBITDA) - - 5,758.64% 68,641.28% 45,318.5% - 8,876.03%
FCF Conversion (Net income) - - 22,952.66% 161,437.83% 113,043.43% - 21,749.41%
Dividend per Share 2 - 600.0 600.0 600.0 600.0 600.0 600.0
Announcement Date 3/17/20 2/9/21 2/9/22 2/13/23 2/14/24 - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q4
Net sales 1 327.4 299.3
EBITDA - -
EBIT 1 17.65 14.24
Operating Margin 5.39% 4.76%
Earnings before Tax (EBT) 1 - 10.24
Net income 1 12.89 12.33
Net margin 3.94% 4.12%
EPS - -
Dividend per Share - -
Announcement Date 5/3/23 2/14/24
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 333 395 295 298 423 422
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 2.166 x 2.486 x 1.73 x 1.866 x 2.363 x 2.036 x
Free Cash Flow 2 - - 9,152 117,018 72,477 -28,300 18,400
ROE (net income / shareholders' equity) - 10.3% 6.95% 10.4% 8.56% 8.3% 10%
ROA (Net income/ Total Assets) - 5.11% 2.9% - - - -
Assets 1 - - 1,374 - - - -
Book Value Per Share 3 - 19,058 22,868 25,285 26,641 27,769 30,059
Cash Flow per Share - - - - - - -
Capex 1 - 120 76.2 97.7 142 97.6 110
Capex / Sales - 11.17% 6.08% 6.8% 11.12% 6.8% 6.79%
Announcement Date 3/17/20 2/9/21 2/9/22 2/13/23 2/14/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
40,700 KRW
Average target price
50,000 KRW
Spread / Average Target
+22.85%
Consensus

Annual profits - Rate of surprise

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