AMOREPACIFIC GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31,450 KRW | +4.83% |
|
+5.71% | +7.52% |
| Mar. 07 | AMOREPACIFIC Group Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Jan. 31 | Amorepacific's Net Income Jumps 55.5% in Q4; Shares Decline 10% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,512,888 | 4,459,511 | 3,609,357 | 2,847,215 | 2,365,461 | 2,548,486 | - | - |
| Enterprise Value (EV) 2 | 5,054 | 3,526 | 2,037 | 2,564 | 2,014 | 2,353 | 2,038 | 2,229 |
| P/E ratio | 57.3 x | 742 x | 22.3 x | 53.1 x | 22.6 x | 17.4 x | 13.8 x | 9.13 x |
| Yield | 0.37% | 0.55% | 0.52% | 1.29% | 0.7% | 0.76% | 0.87% | 1.34% |
| Capitalization / Revenue | 1.04 x | 0.9 x | 0.68 x | 0.63 x | 0.59 x | 0.53 x | 0.48 x | 0.43 x |
| EV / Revenue | 0.8 x | 0.72 x | 0.38 x | 0.57 x | 0.5 x | 0.49 x | 0.38 x | 0.38 x |
| EV / EBITDA | 4.69 x | 5.15 x | 2.64 x | 4.31 x | 4.9 x | 3.39 x | 2.4 x | 2.48 x |
| EV / FCF | 9.09 x | 7.49 x | 3.06 x | 38.1 x | 8.89 x | 7.07 x | 5.44 x | 3.63 x |
| FCF Yield | 11% | 13.4% | 32.7% | 2.63% | 11.2% | 14.1% | 18.4% | 27.5% |
| Price to Book | 1.88 x | 1.29 x | 1.02 x | 0.79 x | 0.67 x | 0.8 x | 0.75 x | 0.77 x |
| Nbr of stocks (in thousands) | 82,631 | 89,785 | 89,723 | 89,728 | 89,733 | 89,734 | - | - |
| Reference price 3 | 82,700 | 54,900 | 44,350 | 34,900 | 29,250 | 31,450 | 31,450 | 31,450 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/9/22 | 2/1/23 | 1/25/24 | - | - | - |
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 | 6,284 | 4,930 | 5,326 | 4,495 | 4,021 | 4,782 | 5,363 | 5,881 |
| EBITDA 1 | 1,077 | 684.8 | 770.7 | 594.6 | 411.2 | 694.3 | 849.4 | 899.8 |
| EBIT 1 | 498.2 | 150.7 | 356.2 | 271.9 | 152 | 374.9 | 544.1 | 603.3 |
| Operating Margin | 7.93% | 3.06% | 6.69% | 6.05% | 3.78% | 7.84% | 10.15% | 10.26% |
| Earnings before Tax (EBT) 1 | 431.4 | 31.3 | 429.6 | 288.4 | 353.7 | 394 | 547.8 | 548.3 |
| Net income 1 | 133.7 | 10.38 | 180 | 62.2 | 234.7 | 229.8 | 249.1 | 330.5 |
| Net margin | 2.13% | 0.21% | 3.38% | 1.38% | 5.84% | 4.8% | 4.65% | 5.62% |
| EPS 2 | 1,444 | 74.00 | 1,988 | 657.0 | 1,296 | 1,812 | 2,281 | 3,443 |
| Free Cash Flow 3 | 556,042 | 471,046 | 666,138 | 67,385 | 226,482 | 332,855 | 374,560 | 613,927 |
| FCF margin | 8,848.11% | 9,554.49% | 12,507.09% | 1,499.13% | 5,632% | 6,960.01% | 6,984.68% | 10,439.14% |
| FCF Conversion (EBITDA) | 51,640.82% | 68,783.86% | 86,429.32% | 11,332.73% | 55,079.96% | 47,943.08% | 44,095.73% | 68,225.64% |
| FCF Conversion (Net income) | 415,786.56% | 4,537,439.58% | 370,076.56% | 108,336.13% | 96,492.61% | 144,853.64% | 150,361.19% | 185,736.2% |
| Dividend per Share 2 | 310.0 | 300.0 | 230.0 | 450.0 | 205.0 | 239.5 | 274.8 | 420.0 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/9/22 | 2/1/23 | 1/25/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 1,214 | 1,421 | 1,263 | 1,026 | 1,022 | 1,184 | 1,009 | 1,031 | 963.3 | 1,018 | 993.1 | 1,169 | 1,201 | 1,240 |
| EBITDA 1 | 133.3 | - | 231.8 | 69.83 | 115.5 | 157.3 | 147.8 | 76.52 | 92.66 | 94.22 | 170.2 | 163.4 | 189.4 | 197.4 |
| EBIT 1 | 51.7 | 2.3 | 171.2 | -10.9 | 33 | 78.6 | 81.63 | 11.73 | 28.79 | 29.85 | 63.5 | 83.9 | 100.7 | 123.7 |
| Operating Margin | 4.26% | 0.16% | 13.56% | -1.06% | 3.23% | 6.64% | 8.09% | 1.14% | 2.99% | 2.93% | 6.39% | 7.18% | 8.38% | 9.98% |
| Earnings before Tax (EBT) 1 | 63.6 | -62.9 | 177.4 | -1.7 | 73.9 | 38.8 | 130.8 | 31.52 | 55.23 | 136.1 | 140.8 | 117.2 | 133.4 | 94.7 |
| Net income 1 | 21.8 | -30.8 | 51.9 | -0.1 | 16.2 | -5.7 | 53.43 | 22.5 | 25.07 | 18.31 | 49.45 | 39.45 | 43.95 | 29.55 |
| Net margin | 1.79% | -2.17% | 4.11% | -0.01% | 1.59% | -0.48% | 5.29% | 2.18% | 2.6% | 1.8% | 4.98% | 3.37% | 3.66% | 2.38% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/29/21 | 2/9/22 | 4/27/22 | 7/28/22 | 10/31/22 | 2/1/23 | 5/2/23 | 7/26/23 | 10/30/23 | 1/25/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,458 | 933 | 1,572 | 283 | 352 | 195 | 511 | 320 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 556,042 | 471,046 | 666,138 | 67,385 | 226,482 | 332,855 | 374,560 | 613,927 |
| ROE (net income / shareholders' equity) | 4.23% | 0.35% | 4.58% | 2.29% | 3.59% | 4.66% | 5.81% | 8.64% |
| ROA (Net income/ Total Assets) | 3.44% | 0.27% | 2.27% | 0.79% | 1.56% | 2.4% | 3.69% | 4.35% |
| Assets 1 | 3,892 | 3,783 | 7,914 | 7,840 | 15,033 | 9,580 | 6,759 | 7,598 |
| Book Value Per Share 3 | 44,047 | 42,617 | 43,365 | 44,016 | 43,580 | 39,073 | 41,761 | 40,939 |
| Cash Flow per Share 3 | 10,860 | 4,940 | 9,999 | 2,406 | 5,107 | 6,634 | 7,587 | 7,975 |
| Capex 1 | 274 | 170 | 123 | 116 | 163 | 174 | 208 | 152 |
| Capex / Sales | 4.36% | 3.45% | 2.31% | 2.58% | 4.05% | 3.64% | 3.88% | 2.58% |
| Announcement Date | 2/5/20 | 2/3/21 | 2/9/22 | 2/1/23 | 1/25/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
31,450
KRW
Average target price
36,167
KRW
Spread / Average Target
+15.00%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.52% | 1.77B | |
| -3.33% | 250B | |
| +10.09% | 19.15B | |
| 0.00% | 17.54B | |
| -1.32% | 10.84B | |
| -7.73% | 10.22B | |
| +3.86% | 6.53B | |
| +9.76% | 6B | |
| -0.06% | 4.41B | |
| -16.98% | 3.78B |
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- Financials AMOREPACIFIC Group
