Financials Eugene Technology Co.,Ltd.

Equities

A084370

KR7084370006

Semiconductor Equipment & Testing

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
53,800 ^KRW	+1.89%		+10.47%	+31.86%

Mar. 21	Eugene Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Eugene Technology Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	369,144	746,119	1,159,237	492,133	906,706	1,211,164	-	-
Enterprise Value (EV) ²	269.2	657.2	1,129	446.3	906.7	1,069	1,006	1,046
P/E ratio	64.2 x	215 x	19.2 x	13.1 x	37.1 x	30.1 x	17.9 x	17.1 x
Yield	1.39%	0.69%	0.52%	1.22%	-	0.53%	0.63%	0.59%
Capitalization / Revenue	1.8 x	3.68 x	3.57 x	1.58 x	3.28 x	3.73 x	2.96 x	2.67 x
EV / Revenue	1.31 x	3.24 x	3.48 x	1.44 x	3.28 x	3.29 x	2.46 x	2.3 x
EV / EBITDA	7.3 x	19.8 x	13.1 x	6.47 x	21 x	17.9 x	9.84 x	9.78 x
EV / FCF	7 x	462 x	19.6 x	14.2 x	-	50.9 x	18.9 x	15.4 x
FCF Yield	14.3%	0.22%	5.11%	7.06%	-	1.96%	5.3%	6.5%
Price to Book	1.55 x	3.18 x	3.95 x	1.53 x	-	3.2 x	2.75 x	2.33 x
Nbr of stocks (in thousands)	22,372	22,372	22,422	22,218	22,223	22,223	-	-
Reference price ³	16,500	33,350	51,700	22,150	40,800	53,800	53,800	53,800
Announcement Date	2/11/20	3/16/21	1/25/22	1/31/23	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	205.5	202.6	324.6	310.6	276.5	325	409.2	454
EBITDA ¹	36.89	33.14	86.46	69.01	43.14	59.85	102.2	107
EBIT ¹	23.81	22.29	74.02	53.64	24.33	46.34	83.12	89
Operating Margin	11.59%	11%	22.8%	17.27%	8.8%	14.26%	20.31%	19.6%
Earnings before Tax (EBT) ¹	21.51	17.48	84.32	59.18	31.8	56.14	94.15	93
Net income ¹	5.767	3.486	60.5	37.93	24.44	41.08	69.3	70
Net margin	2.81%	1.72%	18.64%	12.21%	8.84%	12.64%	16.94%	15.42%
EPS ²	257.0	155.0	2,694	1,697	1,099	1,790	3,013	3,152
Free Cash Flow ³	38,456	1,423	57,744	31,518	-	21,000	53,333	68,000
FCF margin	18,716.63%	702.55%	17,790.6%	10,146.28%	-	6,461.56%	13,034.64%	14,977.97%
FCF Conversion (EBITDA)	104,257.83%	4,294.82%	66,785.36%	45,671.91%	-	35,089.19%	52,162.09%	63,551.4%
FCF Conversion (Net income)	666,785.77%	40,834.5%	95,452.5%	83,085.61%	-	51,125.34%	76,962.51%	97,142.86%
Dividend per Share ²	230.0	230.0	270.0	270.0	-	282.5	339.0	318.2
Announcement Date	2/11/20	3/16/21	1/25/22	1/31/23	1/31/24	-	-	-

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	2025 Q1
Net sales ¹	94.26	76.64	114.6	76.23	62.46	57.38	77.54	78.06	50.29	70.64	63.76	69.95	90.94	97.55	125.6
EBITDA ¹	30.52	13.23	36	9.635	17.58	5.802	13.73	14.12	4.669	10.62	5.578	10.15	20.11	19.02	31.56
EBIT ¹	27.28	9.737	32.46	6.028	13.62	1.533	9.742	8.541	0.7186	5.324	6.013	8.52	16.15	15.55	27.08
Operating Margin	28.94%	12.7%	28.34%	7.91%	21.8%	2.67%	12.56%	10.94%	1.43%	7.54%	9.43%	12.18%	17.75%	15.94%	21.56%
Earnings before Tax (EBT) ¹	32.24	10.73	33.63	11.53	16.84	-2.813	13.43	10.48	4.1	3.784	6.89	9.634	18.81	17.8	28.97
Net income ¹	22.67	9.89	24.52	6.781	8.76	-2.122	10.23	8.022	1.643	4.544	4.897	7.077	13.99	13.34	22.22
Net margin	24.05%	12.9%	21.4%	8.89%	14.02%	-3.7%	13.19%	10.28%	3.27%	6.43%	7.68%	10.12%	15.38%	13.67%	17.69%
EPS ²	1,010	436.0	1,093	302.0	392.0	-92.00	460.0	360.0	73.00	204.0	176.4	298.6	631.7	614.9	1,110
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	464.0	-	-	-
Announcement Date	11/12/21	1/25/22	5/12/22	8/10/22	11/14/22	1/31/23	5/10/23	8/14/23	11/7/23	1/31/24	-	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	100	88.9	30	45.9	-	142	205	165
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	38,456	1,423	57,744	31,518	-	21,000	53,333	68,000
ROE (net income / shareholders' equity)	4.49%	1.48%	22.6%	12.3%	-	11.2%	16.5%	14.6%
ROA (Net income/ Total Assets)	3.92%	1.22%	17.8%	9.29%	-	9.54%	12.9%	11.6%
Assets ¹	147.2	286.2	339	408.5	-	430.6	537.2	603.4
Book Value Per Share ³	10,620	10,502	13,097	14,513	-	16,806	19,584	23,045
Cash Flow per Share ³	2,329	775.0	3,233	-	-	1,842	2,931	3,474
Capex ¹	13.6	15.9	14.7	7.43	-	12.2	13	10
Capex / Sales	6.64%	7.85%	4.53%	2.39%	-	3.74%	3.18%	2.2%
Announcement Date	2/11/20	3/16/21	1/25/22	1/31/23	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

Ratings for Eugene Technology Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

53,800 KRW

Average target price

55,500 KRW

Spread / Average Target

+3.16%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Semiconductor Machinery Manufacturing

	1st Jan change	Capi.
EUGENE TECHNOLOGY CO.,LTD.	+31.86%	869M
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NAURA TECHNOLOGY GROUP CO., LTD.	+27.65%	22.95B
ADVANCED MICRO-FABRICATION EQUIPMENT INC. CHINA	-12.08%	11.56B
BE SEMICONDUCTOR INDUSTRIES N.V.	-6.74%	10.72B
HANMI SEMICONDUCTOR CO., LTD.	+122.37%	9.62B
KOKUSAI ELECTRIC CORPORATION	+31.00%	5.94B
ACM RESEARCH (SHANGHAI), INC.	-19.16%	5.07B

Semiconductor Machinery Manufacturing