Financials Hanjin Kal

Equities

A180640

KR7180640005

Airlines

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
57,700 KRW +0.52% Intraday chart for Hanjin Kal +3.59% -20.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,774,362 2,399,961 4,205,769 4,116,059 2,515,414 4,843,585
Enterprise Value (EV) 1 1,749,857 2,713,687 5,374,800 5,341,614 3,125,336 5,159,091
P/E ratio -49.5 x -9.86 x -14.2 x 251 x 3.72 x 12.6 x
Yield 1.01% 0.64% - - 0.45% -
Capitalization / Revenue 1.36 x 1.99 x 10.3 x 10.4 x 12.6 x 17.6 x
EV / Revenue 1.34 x 2.25 x 13.1 x 13.5 x 15.6 x 18.7 x
EV / EBITDA 11.3 x 19.2 x -63.6 x -72.7 x 35.6 x 74 x
EV / FCF 70.4 x 26.6 x -6.74 x 6.83 x -31.9 x 426 x
FCF Yield 1.42% 3.76% -14.8% 14.6% -3.13% 0.23%
Price to Book 1.16 x 1.92 x 2.78 x 2.58 x 1.02 x 1.77 x
Nbr of stocks (in thousands) 59,701 59,701 66,793 67,269 67,266 66,853
Reference price 2 29,800 40,000 63,100 61,400 37,450 72,800
Announcement Date 3/19/19 3/19/20 3/18/21 3/15/22 3/14/23 3/13/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,304,893 1,203,498 408,827 395,278 200,336 275,727
EBITDA 1 154,326 140,996 -84,570 -73,449 87,749 69,678
EBIT 1 108,789 -3,879 -223,554 -195,350 14,526 41,233
Operating Margin 8.34% -0.32% -54.68% -49.42% 7.25% 14.95%
Earnings before Tax (EBT) 1 8,121 -263,521 -334,073 -145,579 438,304 448,320
Net income 1 -35,940 -244,395 -269,846 17,234 683,804 385,139
Net margin -2.75% -20.31% -66% 4.36% 341.33% 139.68%
EPS 2 -602.0 -4,057 -4,441 245.0 10,063 5,757
Free Cash Flow 1 24,873 102,058 -797,446 782,003 -97,959 12,097
FCF margin 1.91% 8.48% -195.06% 197.84% -48.9% 4.39%
FCF Conversion (EBITDA) 16.12% 72.38% - - - 17.36%
FCF Conversion (Net income) - - - 4,537.66% - 3.14%
Dividend per Share 2 300.0 255.0 - - 170.0 -
Announcement Date 3/19/19 3/19/20 3/18/21 3/15/22 3/14/23 3/13/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 313,726 1,169,032 1,225,555 609,922 315,506
Net Cash position 1 24,505 - - - - -
Leverage (Debt/EBITDA) - 2.225 x -13.82 x -16.69 x 6.951 x 4.528 x
Free Cash Flow 1 24,873 102,058 -797,446 782,003 -97,959 12,097
ROE (net income / shareholders' equity) -0.74% -16.6% -22.1% -2.05% 18.4% 14.3%
ROA (Net income/ Total Assets) 2.42% -0.09% -4.52% -3.37% 0.24% 0.67%
Assets 1 -1,486,914 279,627,969 5,970,049 -511,201 288,890,785 57,543,581
Book Value Per Share 2 25,722 20,884 22,668 23,786 36,755 41,041
Cash Flow per Share 2 1,642 2,365 1,868 1,804 2,259 658.0
Capex 1 8,895 12,276 10,986 7,338 11,339 4,733
Capex / Sales 0.68% 1.02% 2.69% 1.86% 5.66% 1.72%
Announcement Date 3/19/19 3/19/20 3/18/21 3/15/22 3/14/23 3/13/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise