Financials GOLFZON Co., Ltd.

Equities

A215000

KR7215000001

Recreational Products

End-of-day quote Korea S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
77,400 KRW -3.97% Intraday chart for GOLFZON Co., Ltd. -7.86% -16.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 432,173 434,682 1,096,428 691,698 565,105 474,394 -
Enterprise Value (EV) 2 432.2 424.4 988.2 560.6 518.7 305.1 253.5
P/E ratio - 11.4 x 14.4 x 6.23 x 7.16 x 5.29 x 4.82 x
Yield - 2.96% 1.43% 3.1% 4.88% 5.81% 5.81%
Capitalization / Revenue 1.75 x 1.46 x 2.49 x 1.12 x 0.82 x 0.66 x 0.6 x
EV / Revenue 1.75 x 1.42 x 2.24 x 0.91 x 0.76 x 0.42 x 0.32 x
EV / EBITDA 13.4 x 5.02 x 6.82 x 2.94 x 3.18 x 1.67 x 1.3 x
EV / FCF - 5.89 x 8 x 5.37 x -20.4 x 4.57 x 3.08 x
FCF Yield - 17% 12.5% 18.6% -4.89% 21.9% 32.5%
Price to Book 2.16 x 1.94 x 3.81 x 1.95 x 1.35 x 1.03 x 0.9 x
Nbr of stocks (in thousands) 6,272 6,272 6,272 6,132 6,129 6,129 -
Reference price 3 68,900 69,300 174,800 112,800 92,200 77,400 77,400
Announcement Date 2/27/20 2/25/21 2/24/22 2/28/23 2/28/24 - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 247 298.5 440.3 617.5 685.1 723.8 793.1
EBITDA 1 32.31 84.58 144.8 190.7 162.9 182.9 195.4
EBIT 1 32.3 51.57 107.7 148.7 114.5 129.3 141.6
Operating Margin 13.07% 17.28% 24.45% 24.08% 16.72% 17.87% 17.85%
Earnings before Tax (EBT) 1 - 48.71 103.8 148.1 106.6 121.7 134.6
Net income 1 - 38.27 76.31 111.6 73.62 91.77 100.8
Net margin - 12.82% 17.33% 18.07% 10.75% 12.68% 12.71%
EPS 2 - 6,101 12,132 18,114 12,884 14,623 16,063
Free Cash Flow 3 - 72,117 123,527 104,307 -25,385 66,733 82,433
FCF margin - 24,157.91% 28,054.59% 16,891.47% -3,705.24% 9,220.28% 10,393.81%
FCF Conversion (EBITDA) - 85,268.81% 85,302.93% 54,711.02% - 36,479.59% 42,179.77%
FCF Conversion (Net income) - 188,458% 161,865.78% 93,500.82% - 72,720.67% 81,779.1%
Dividend per Share 2 - 2,050 2,500 3,500 4,500 4,500 4,500
Announcement Date 2/27/20 2/25/21 2/24/22 2/28/23 2/28/24 - -
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 1 123.1 112.1 153.9 146.2 176.1 141.3 187 161.6 170 166.5 182.1 - - -
EBITDA - - - - - - - - - - - - - -
EBIT 1 37.18 12.03 50.7 45.61 44.93 7.442 41.46 30.74 27.55 14.71 31.76 - - -
Operating Margin 30.21% 10.74% 32.95% 31.19% 25.52% 5.27% 22.17% 19.01% 16.21% 8.84% 17.44% - - -
Earnings before Tax (EBT) 1 37.53 8.15 50.98 46.44 48.12 2.588 43.99 23.76 29.33 9.394 41.3 31.2 32 19.8
Net income 1 28.71 2.811 - 35.89 36.76 1.941 33.63 15.77 22.81 7.308 31.6 23 23.5 14.4
Net margin 23.33% 2.51% - 24.54% 20.88% 1.37% 17.98% 9.75% 13.42% 4.39% 17.01% - - -
EPS - - - 5,658 - - 5,437 - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/28/21 2/24/22 4/29/22 7/29/22 10/27/22 2/28/23 4/24/23 7/28/23 10/27/23 2/28/24 4/26/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - 10.3 108 131 46.5 169 221
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 2 - 72,117 123,527 104,307 -25,385 66,733 82,433
ROE (net income / shareholders' equity) 8.26% 17.6% 29.5% 33.5% 18.4% 21% 19.9%
ROA (Net income/ Total Assets) - 11% 17.9% 21.2% 13% 13.5% 13.4%
Assets 1 - 346.9 425.4 526.3 568.3 682.3 755.1
Book Value Per Share 3 31,892 35,801 45,891 57,709 68,089 74,833 86,461
Cash Flow per Share 6,414 13,934 21,632 - - - -
Capex 1 - 15.3 12.5 29.6 36.9 54.9 56.4
Capex / Sales - 5.12% 2.85% 4.8% 5.39% 7.59% 7.12%
Announcement Date 2/27/20 2/25/21 2/24/22 2/28/23 2/28/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
77,400 KRW
Average target price
115,250 KRW
Spread / Average Target
+48.90%
Consensus

Quarterly revenue - Rate of surprise

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