Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 161,472 119,391 102,007 65,898 38,025 57,968
Enterprise Value (EV) 1 174,279 165,016 142,459 98,804 75,092 92,710
P/E ratio -4.22 x -5.06 x -5.48 x -3.55 x -6.2 x -14.8 x
Yield - - - - - -
Capitalization / Revenue 1.1 x 0.77 x 0.8 x 0.49 x 0.27 x 0.39 x
EV / Revenue 1.19 x 1.06 x 1.11 x 0.73 x 0.52 x 0.63 x
EV / EBITDA -8.07 x -68.1 x -76.2 x 20.5 x 58.5 x 7.44 x
EV / FCF -9.76 x -4.27 x 7.08 x 5.81 x -13.2 x -5.89 x
FCF Yield -10.2% -23.4% 14.1% 17.2% -7.6% -17%
Price to Book 1.39 x 1.28 x 1.47 x 1.23 x 0.82 x 1.2 x
Nbr of stocks (in thousands) 97,862 97,862 95,782 95,782 95,782 105,782
Reference price 2 1,650 1,220 1,065 688.0 397.0 548.0
Announcement Date 3/19/19 3/17/20 3/16/21 3/15/22 3/21/23 3/20/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 146,404 155,910 128,166 135,409 143,276 146,953
EBITDA 1 -21,597 -2,422 -1,869 4,825 1,285 12,460
EBIT 1 -25,291 -7,917 -7,368 -98.52 -3,877 7,710
Operating Margin -17.28% -5.08% -5.75% -0.07% -2.71% 5.25%
Earnings before Tax (EBT) 1 -46,505 -19,930 -17,248 -16,617 -10,774 3,508
Net income 1 -38,366 -23,480 -18,620 -18,575 -6,117 -3,554
Net margin -26.21% -15.06% -14.53% -13.72% -4.27% -2.42%
EPS 2 -390.6 -241.2 -194.4 -194.0 -64.00 -37.06
Free Cash Flow 1 -17,849 -38,657 20,117 17,018 -5,709 -15,747
FCF margin -12.19% -24.79% 15.7% 12.57% -3.98% -10.72%
FCF Conversion (EBITDA) - - - 352.73% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/19/19 3/17/20 3/16/21 3/15/22 3/21/23 3/20/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 12,807 45,625 40,451 32,906 37,067 34,741
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.593 x -18.83 x -21.64 x 6.821 x 28.86 x 2.788 x
Free Cash Flow 1 -17,849 -38,657 20,117 17,018 -5,709 -15,747
ROE (net income / shareholders' equity) -24.6% -13.7% -11.6% -14.3% -7.32% 1.14%
ROA (Net income/ Total Assets) -5.56% -1.88% -1.87% -0.03% -1.06% 2.08%
Assets 1 689,852 1,250,475 993,258 71,443,540 575,881 -170,683
Book Value Per Share 2 1,185 953.0 723.0 558.0 485.0 458.0
Cash Flow per Share 2 430.0 61.00 39.00 96.00 45.60 93.50
Capex 1 9,359 6,673 1,614 1,818 1,553 27,888
Capex / Sales 6.39% 4.28% 1.26% 1.34% 1.08% 18.98%
Announcement Date 3/19/19 3/17/20 3/16/21 3/15/22 3/21/23 3/20/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. A065060 Stock
  4. Financials GNCO Co., Ltd.
-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
SIGN UP NOW