NEXEN TIRE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,140 KRW | 0.00% |
|
-0.73% | +1.24% |
| Apr. 02 | NEXEN Tire Expands Its Original Equipment Portfolio Line for Premium Quality N'FERA SPORT Tires | CI |
| 2023 | NEXEN TIRE Gets Original Equipment Approval for the Eighth-Generation BMW 5 Series | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 900,332 | 612,444 | 677,057 | 605,778 | 793,596 | 804,220 | - | - |
| Enterprise Value (EV) 2 | 1,955 | 1,750 | 1,970 | 2,228 | 2,581 | 2,181 | 2,056 | 1,980 |
| P/E ratio | 7.92 x | -38.2 x | 152 x | -22.8 x | 8.03 x | 4.87 x | 4.41 x | 4.31 x |
| Yield | 1.15% | 1.7% | 1.54% | 1.63% | 1.43% | 1.4% | 1.45% | 1.44% |
| Capitalization / Revenue | 0.45 x | 0.36 x | 0.33 x | 0.23 x | 0.29 x | 0.28 x | 0.26 x | 0.25 x |
| EV / Revenue | 0.97 x | 1.03 x | 0.95 x | 0.86 x | 0.96 x | 0.76 x | 0.67 x | 0.62 x |
| EV / EBITDA | 5.25 x | 7.72 x | 10.4 x | 16.9 x | 6.91 x | 4.48 x | 3.98 x | 3.71 x |
| EV / FCF | 28.2 x | 28.4 x | 13.1 x | -6 x | -31.6 x | 15 x | 10.8 x | 15.4 x |
| FCF Yield | 3.55% | 3.52% | 7.61% | -16.7% | -3.16% | 6.65% | 9.25% | 6.51% |
| Price to Book | 0.56 x | 0.39 x | 0.42 x | 0.38 x | 0.46 x | 0.46 x | 0.41 x | 0.38 x |
| Nbr of stocks (in thousands) | 102,663 | 102,663 | 102,663 | 102,663 | 102,663 | 102,663 | - | - |
| Reference price 3 | 9,130 | 6,190 | 6,820 | 6,120 | 8,040 | 8,140 | 8,140 | 8,140 |
| Announcement Date | 2/24/20 | 2/19/21 | 2/18/22 | 2/13/23 | 1/31/24 | - | - | - |
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 | 2,022 | 1,698 | 2,079 | 2,597 | 2,702 | 2,886 | 3,070 | 3,183 |
| EBITDA 1 | 372.5 | 226.6 | 189.1 | 132 | 373.4 | 486.9 | 517.2 | 534 |
| EBIT 1 | 207.4 | 38.55 | 4.392 | -54.25 | 186.7 | 239.6 | 281.3 | 284.9 |
| Operating Margin | 10.25% | 2.27% | 0.21% | -2.09% | 6.91% | 8.3% | 9.16% | 8.95% |
| Earnings before Tax (EBT) 1 | 184.3 | -13.55 | 16.48 | -40.31 | 153.2 | 230 | 249.5 | 255.6 |
| Net income 1 | 118.2 | -21.04 | 4.634 | -27.77 | 110.3 | 167.4 | 182.9 | 188.8 |
| Net margin | 5.85% | -1.24% | 0.22% | -1.07% | 4.08% | 5.8% | 5.96% | 5.93% |
| EPS 2 | 1,153 | -162.0 | 45.00 | -268.0 | 1,001 | 1,673 | 1,845 | 1,888 |
| Free Cash Flow 3 | 69,330 | 61,663 | 149,940 | -371,610 | -81,562 | 144,967 | 190,250 | 128,898 |
| FCF margin | 3,428.21% | 3,631.25% | 7,210.71% | -14,306.85% | -3,018.9% | 5,023.36% | 6,196.38% | 4,049.66% |
| FCF Conversion (EBITDA) | 18,609.9% | 27,208.75% | 79,276.58% | - | - | 29,770.68% | 36,784.61% | 24,138.12% |
| FCF Conversion (Net income) | 58,639.89% | - | 3,235,481.06% | - | - | 86,591.57% | 103,997.27% | 68,260.28% |
| Dividend per Share 2 | 105.0 | 105.0 | 105.0 | 100.0 | 115.0 | 114.2 | 118.4 | 116.9 |
| Announcement Date | 2/24/20 | 2/19/21 | 2/18/22 | 2/13/23 | 1/31/24 | - | - | - |
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 | 545.2 | 533 | 653.4 | 709.2 | 701.9 | 639.6 | 691.5 | 692.6 | 678.1 | 678.1 | 732.1 | 740.5 | 746.7 | 781 | 786 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -22.6 | -42.94 | -23.3 | 1.103 | 10.89 | 16.15 | 37.08 | 69.65 | 63.86 | 41.55 | 63.49 | 69.99 | 72.96 | 37 | 54 |
| Operating Margin | -4.14% | -8.06% | -3.57% | 0.16% | 1.55% | 2.53% | 5.36% | 10.06% | 9.42% | 6.13% | 8.67% | 9.45% | 9.77% | 4.74% | 6.87% |
| Earnings before Tax (EBT) 1 | -26.89 | -22.22 | -13.5 | 18.3 | -22.93 | 18.74 | 29.19 | 66.44 | 38.88 | 48.95 | 56.2 | 65.56 | 67.72 | 28 | 50 |
| Net income 1 | -27.65 | -25.78 | -8.711 | 15.82 | -9.091 | 11.39 | 28.13 | 52.59 | 18.18 | 40.79 | 38.15 | 48.67 | 48.28 | 20 | 35 |
| Net margin | -5.07% | -4.84% | -1.33% | 2.23% | -1.3% | 1.78% | 4.07% | 7.59% | 2.68% | 6.02% | 5.21% | 6.57% | 6.47% | 2.56% | 4.45% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/22 | 5/16/22 | 8/16/22 | 11/14/22 | 2/13/23 | 5/15/23 | 8/1/23 | 10/30/23 | 1/31/24 | 5/2/24 | - | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,054 | 1,138 | 1,293 | 1,622 | 1,787 | 1,377 | 1,252 | 1,176 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.83 x | 5.021 x | 6.836 x | 12.29 x | 4.786 x | 2.828 x | 2.421 x | 2.202 x |
| Free Cash Flow 2 | 69,330 | 61,663 | 149,940 | -371,610 | -81,562 | 144,967 | 190,250 | 128,898 |
| ROE (net income / shareholders' equity) | 7.93% | -1.36% | 0.29% | -1.42% | 6.26% | 9.46% | 9.6% | 8.97% |
| ROA (Net income/ Total Assets) | 3.55% | -0.6% | 0.13% | -0.72% | 2.51% | 3.93% | 4.03% | 3.88% |
| Assets 1 | 3,330 | 3,477 | 3,543 | 3,884 | 4,387 | 4,256 | 4,541 | 4,864 |
| Book Value Per Share 3 | 16,163 | 16,047 | 16,338 | 16,266 | 17,369 | 17,823 | 19,670 | 21,263 |
| Cash Flow per Share 3 | 3,031 | 1,927 | 2,477 | -1,034 | 2,515 | 3,824 | 4,209 | 4,300 |
| Capex 1 | 222 | 117 | 115 | 272 | 323 | 268 | 286 | 320 |
| Capex / Sales | 10.98% | 6.91% | 5.54% | 10.48% | 11.97% | 9.27% | 9.33% | 10.06% |
| Announcement Date | 2/24/20 | 2/19/21 | 2/18/22 | 2/13/23 | 1/31/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
8,140
KRW
Average target price
11,030
KRW
Spread / Average Target
+35.50%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.24% | 586M | |
| +12.89% | 7.09B | |
| -5.92% | 6.48B | |
| +37.64% | 6.19B | |
| +5.46% | 4.1B | |
| -2.86% | 3.92B | |
| -0.58% | 3.64B | |
| +23.21% | 3.58B | |
| +25.72% | 2.71B | |
| +11.52% | 1.78B |
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