RAY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11,340 KRW | -0.96% |
|
-7.43% | -50.37% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 285,425 | 354,619 | 377,240 | 325,683 | 349,240 | 175,003 | - | - |
| Enterprise Value (EV) 2 | 285.4 | 337.9 | 350.4 | 372.7 | 407.5 | 207 | 175 | 175 |
| P/E ratio | 24.7 x | 44.9 x | -28,350 x | 44.3 x | -163 x | 17.5 x | 5.85 x | 7.31 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.91 x | 6.42 x | 4.18 x | 2.52 x | 2.39 x | 1.16 x | 0.79 x | 0.72 x |
| EV / Revenue | 3.91 x | 6.12 x | 3.88 x | 2.89 x | 2.79 x | 1.38 x | 0.79 x | 0.72 x |
| EV / EBITDA | 18.4 x | 37.7 x | 38.5 x | 16.5 x | 27.6 x | 9.63 x | 3.93 x | 4.07 x |
| EV / FCF | 60.1 x | -176 x | -33.8 x | -10.2 x | -16.2 x | 3.91 x | 8.75 x | 6.48 x |
| FCF Yield | 1.66% | -0.57% | -2.96% | -9.85% | -6.16% | 25.6% | 11.4% | 15.4% |
| Price to Book | 4.96 x | 5.43 x | 3.93 x | 2.88 x | 2.74 x | 1.32 x | 0.96 x | 1.02 x |
| Nbr of stocks (in thousands) | 13,307 | 13,307 | 13,307 | 13,627 | 15,284 | 15,432 | - | - |
| Reference price 3 | 21,450 | 26,650 | 28,350 | 23,900 | 22,850 | 11,340 | 11,340 | 11,340 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 2/14/23 | 2/15/24 | - | - | - |
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 | 73.07 | 55.2 | 90.34 | 129 | 145.9 | 150.4 | 222.2 | 242 |
| EBITDA 1 | 15.47 | 8.959 | 9.099 | 22.54 | 14.74 | 21.5 | 44.5 | 43 |
| EBIT 1 | 12.86 | 4.581 | 3.401 | 16.21 | 6.118 | 13.75 | 37.3 | 34.5 |
| Operating Margin | 17.6% | 8.3% | 3.76% | 12.56% | 4.19% | 9.15% | 16.79% | 14.26% |
| Earnings before Tax (EBT) 1 | 13.28 | 8.865 | -2.751 | 11.47 | -4.154 | 13.5 | 36.75 | 34 |
| Net income 1 | 11.27 | 7.904 | 0.0531 | 7.957 | -3.733 | 10.35 | 29.68 | 25.5 |
| Net margin | 15.42% | 14.32% | 0.06% | 6.17% | -2.56% | 6.88% | 13.36% | 10.54% |
| EPS 2 | 868.4 | 594.0 | -1.000 | 539.0 | -140.0 | 648.8 | 1,938 | 1,552 |
| Free Cash Flow 3 | 4,745 | -1,920 | -10,364 | -36,694 | -25,083 | 53,000 | 20,000 | 27,000 |
| FCF margin | 6,494.4% | -3,478.09% | -11,472.59% | -28,445.39% | -17,193.88% | 35,251.08% | 9,001.91% | 11,157.02% |
| FCF Conversion (EBITDA) | 30,672.87% | - | - | - | - | 246,511.63% | 44,943.82% | 62,790.7% |
| FCF Conversion (Net income) | 42,106.61% | - | - | - | - | 512,077.29% | 67,396.8% | 105,882.35% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 2/14/23 | 2/15/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26.58 | 17.63 | 31.16 | 32.99 | 47.22 | 20.02 | 39.36 | 38.54 | 47.96 | 17.37 | 29.3 | 44 | 59.1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -6.415 | -0.9331 | 3.332 | 4.242 | 9.565 | -4.316 | 3.331 | 4.008 | 3.095 | -6.719 | 4.9 | 7 | 11 |
| Operating Margin | -24.13% | -5.29% | 10.69% | 12.86% | 20.25% | -21.55% | 8.46% | 10.4% | 6.45% | -38.69% | 16.72% | 15.91% | 18.61% |
| Earnings before Tax (EBT) 1 | -10.78 | - | - | 3.984 | 8.448 | - | - | 3.92 | -7.146 | -5.467 | 4.1 | 10.2 | 18.9 |
| Net income 1 | -8.088 | - | - | 2.497 | 5.497 | -2.864 | 1.331 | 3.554 | -4.167 | -5.437 | 2 | 6.2 | 2.4 |
| Net margin | -30.42% | - | - | 7.57% | 11.64% | -14.3% | 3.38% | 9.22% | -8.69% | -31.3% | 6.83% | 14.09% | 4.06% |
| EPS | - | - | - | - | - | -190.0 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/22 | 5/13/22 | 7/19/22 | 10/31/22 | 2/14/23 | 5/12/23 | 8/11/23 | 11/13/23 | 2/15/24 | 5/16/24 | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 47 | 58.2 | 32 | - | - |
| Net Cash position 1 | - | 16.7 | 26.8 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 2.084 x | 3.95 x | 1.488 x | - | - |
| Free Cash Flow 2 | 4,745 | -1,920 | -10,364 | -36,694 | -25,083 | 53,000 | 20,000 | 27,000 |
| ROE (net income / shareholders' equity) | 27% | 12.9% | -0.02% | 6.67% | -3.03% | 8.15% | 17.4% | 15.1% |
| ROA (Net income/ Total Assets) | 19.1% | 9.53% | -0.01% | 3.98% | -1.55% | 3.8% | 9.83% | 8.1% |
| Assets 1 | 59 | 82.93 | -552.8 | 199.8 | 240.9 | 272.4 | 302 | 314.8 |
| Book Value Per Share 3 | 4,324 | 4,907 | 7,217 | 8,300 | 8,327 | 8,575 | 11,773 | 11,159 |
| Cash Flow per Share 3 | 500.0 | - | 801.0 | -558.0 | -1,482 | 4,280 | 2,090 | 2,946 |
| Capex 1 | - | 4.82 | 21.5 | 31.3 | 2.29 | 7.67 | 11 | 11 |
| Capex / Sales | - | 8.74% | 23.84% | 24.28% | 1.57% | 5.1% | 4.95% | 4.55% |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 2/14/23 | 2/15/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
11,340
KRW
Average target price
30,800
KRW
Spread / Average Target
+171.60%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -50.37% | 129M | |
| -8.74% | 14.14B | |
| -45.12% | 2.51B | |
| -18.54% | 2.29B | |
| -18.03% | 1.36B | |
| -.--% | 1.12B | |
| +91.54% | 508M | |
| +33.28% | 491M | |
| +27.74% | 285M | |
| +2.58% | 237M |
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- A228670 Stock
- Financials Ray Co., Ltd.
