Financials AJUSTEEL Co.,Ltd

Equities

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
6,300 ^KRW	-0.47%		+0.16%	-11.27%

Apr. 09	AJUSTEEL Co.,Ltd announced that it has received KRW 18.3 billion in funding from Synergy Mezzanine Blind No. 10 New Technology Business Fund, Sangsangin Investment & Securities Co.,Ltd., Momens Solution Co. Ltd and other investors	CI
Apr. 05	AJUSTEEL Co.,Ltd announced that it expects to receive KRW 18.3 billion in funding from Synergy Mezzanine Blind No. 10 New Technology Business Fund, Sangsangin Investment & Securities Co.,Ltd., Momens Solution Co. Ltd and other investors	CI

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	489,365	245,741	187,811	166,649	-
Enterprise Value (EV) ²	489.4	245.7	187.8	705.7	756
P/E ratio	-	182 x	-	-	-
Yield	-	-	-	-	-
Capitalization / Revenue	0.52 x	-	0.2 x	0.15 x	0.14 x
EV / Revenue	0.52 x	-	0.2 x	0.63 x	0.64 x
EV / EBITDA	-	-	18.9 x	15.9 x	13.3 x
EV / FCF	-	-	-	-7.31 x	-18.7 x
FCF Yield	-	-	-	-13.7%	-5.34%
Price to Book	-	-	-	0.7 x	0.66 x
Nbr of stocks (in thousands)	26,452	26,452	26,452	26,452	-
Reference price ³	18,500	9,290	7,100	6,300	6,300
Announcement Date	2/15/22	3/20/23	3/20/24	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	-	933.4	-	944.6	1,113	1,180
EBITDA ¹	-	-	-	9.914	44.4	56.8
EBIT ¹	-	56.18	-	-13.32	20.5	31.5
Operating Margin	-	6.02%	-	-1.41%	1.84%	2.67%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	12.8	-	1.34	-	-	-
Net margin	-	-	-	-	-	-
EPS	680.0	-	51.00	-	-	-
Free Cash Flow ²	-	-	-	-	-96,500	-40,400
FCF margin	-	-	-	-	-8,673.38%	-3,423.44%
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	4/14/21	2/15/22	3/20/23	3/20/24	-	-

¹KRW in Billions²KRW in Million

Estimates

¹KRW in Billions

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	539	589
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	12.14 x	10.38 x
Free Cash Flow ²	-	-	-	-	-96,500	-40,400
ROE (net income / shareholders' equity)	-	19.1%	-	-15.8%	1.3%	6.1%
ROA (Net income/ Total Assets)	-	-	-	-	0.3%	1.3%
Assets	-	-	-	-	-	-
Book Value Per Share ³	-	-	-	-	8,946	9,505
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	-	-	-	121	84.6
Capex / Sales	-	-	-	-	10.86%	7.17%
Announcement Date	4/14/21	2/15/22	3/20/23	3/20/24	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6,300 KRW

Average target price

10,000 KRW

Spread / Average Target

+58.73%

	1st Jan change	Capi.
AJUSTEEL CO.,LTD	-11.27%	124M
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BLUESCOPE STEEL LIMITED	-8.74%	6.26B