Financials Micro Digital Co., Ltd.

Equities

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-06-10 pm EDT			5-day change	1st Jan Change
8,400 ^KRW	-2.33%		+4.22%	+17.98%

Mar. 20	Micro Digital Co., Ltd. announced that it has received KRW 9 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Shinhan Bank Co., Ltd., NH Investment & Securities Co., Ltd., Winvest Venture Partners Inc.	CI
Mar. 18	Micro Digital Co., Ltd. announced that it expects to receive KRW 9 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Shinhan Bank Co., Ltd., NH Investment & Securities Co., Ltd., Winvest Venture Partners Inc. and another investor	CI

Fiscal Period: December	2022	2024	2025	2026
Capitalization ¹	51,221	131,348	-	-
Enterprise Value (EV) ²	51.22	135.1	133.1	129
P/E ratio	-5.76 x	-	-	-
Yield	-	-	-	-
Capitalization / Revenue	5.77 x	9.66 x	7.51 x	5.59 x
EV / Revenue	5.77 x	9.94 x	7.61 x	5.49 x
EV / EBITDA	-	31.4 x	23.4 x	17 x
EV / FCF	-	20.8 x	63.4 x	30.7 x
FCF Yield	-	4.81%	1.58%	3.25%
Price to Book	-	10.4 x	8.28 x	6.04 x
Nbr of stocks (in thousands)	14,868	15,637	-	-
Reference price ³	3,445	8,400	8,400	8,400
Announcement Date	3/21/23	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Fiscal Period: December	2022	2024	2025	2026
Net sales ¹	8.884	13.6	17.5	23.5
EBITDA ¹	-	4.3	5.7	7.6
EBIT ¹	-	2.2	3.5	5.1
Operating Margin	-	16.18%	20%	21.7%
Earnings before Tax (EBT)	-	-	-	-
Net income	-	-	-	-
Net margin	-	-	-	-
EPS	-598.0	-	-	-
Free Cash Flow ²	-	6,500	2,100	4,200
FCF margin	-	47,794.12%	12,000%	17,872.34%
FCF Conversion (EBITDA)	-	151,162.79%	36,842.11%	55,263.16%
FCF Conversion (Net income)	-	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	3/21/23	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2023 Q2	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	2.001	3.2	3.6	4.1
EBITDA	-	-	-	-
EBIT ¹	-	0.4	0.7	1
Operating Margin	-	12.5%	19.44%	24.39%
Earnings before Tax (EBT)	-	-	-	-
Net income	-	-	-	-
Net margin	-	-	-	-
EPS	-44.00	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	8/11/23	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2022	2024	2025	2026
Net Debt ¹	-	3.8	1.8	-
Net Cash position ¹	-	-	-	2.3
Leverage (Debt/EBITDA)	-	0.8837 x	0.3158 x	-
Free Cash Flow ²	-	6,500	2,100	4,200
ROE (net income / shareholders' equity)	-	15.4%	23.1%	31.3%
ROA (Net income/ Total Assets)	-	4.6%	7.8%	12.8%
Assets	-	-	-	-
Book Value Per Share ³	-	804.0	1,014	1,391
Cash Flow per Share	-	-	-	-
Capex ¹	-	2.6	2	1.5
Capex / Sales	-	19.12%	11.43%	6.38%
Announcement Date	3/21/23	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8,400 KRW

Average target price

12,000 KRW

Spread / Average Target

+42.86%

	1st Jan change	Capi.
MICRO DIGITAL CO., LTD.	+17.98%	97.84M
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