Financials Hanjin Transportation Co., Ltd.

Equities

A002320

KR7002320000

Air Freight & Logistics

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20,900 KRW -0.71% Intraday chart for Hanjin Transportation Co., Ltd. +0.24% -15.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 354,103 714,497 435,524 304,577 359,560 302,407 - -
Enterprise Value (EV) 2 2,227 2,454 1,972 1,474 1,545 2,062 1,977 1,888
P/E ratio -113 x 87.2 x 2.87 x 6.57 x 13.8 x 9.04 x 6.73 x -
Yield 1.67% 1.26% 1.99% 2.85% 2.41% 2.87% 2.87% 2.87%
Capitalization / Revenue 0.17 x 0.32 x 0.17 x 0.11 x 0.13 x 0.1 x 0.1 x 0.09 x
EV / Revenue 1.08 x 1.11 x 0.79 x 0.52 x 0.55 x 0.7 x 0.64 x 0.56 x
EV / EBITDA 10.5 x 11.1 x 8.7 x 5.67 x 5.58 x 7.67 x 6.96 x 6.58 x
EV / FCF 34.8 x 35.8 x 22.5 x -45.2 x 13.3 x 15.6 x 11.6 x 10.9 x
FCF Yield 2.88% 2.79% 4.45% -2.21% 7.54% 6.4% 8.65% 9.21%
Price to Book 0.39 x 0.59 x 0.36 x 0.22 x 0.25 x 0.22 x 0.21 x 0.2 x
Nbr of stocks (in thousands) 11,803 14,948 14,469 14,469 14,469 14,469 - -
Reference price 3 30,000 47,800 30,100 21,050 24,850 20,900 20,900 20,900
Announcement Date 2/7/20 2/9/21 1/7/22 2/7/23 2/6/24 - - -
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 2,062 2,216 2,503 2,849 2,808 2,964 3,094 3,396
EBITDA 1 212.1 221 226.6 260.1 277.1 269 284 287
EBIT 1 90.61 105.9 105.8 114.5 122.5 127 147.3 152
Operating Margin 4.39% 4.78% 4.23% 4.02% 4.36% 4.28% 4.76% 4.48%
Earnings before Tax (EBT) - 10.82 215.9 38.3 25.5 - - -
Net income 1 -7.606 7.43 158.7 47.6 20.8 33 45 -
Net margin -0.37% 0.34% 6.34% 1.67% 0.74% 1.11% 1.45% -
EPS 2 -265.0 548.0 10,473 3,206 1,805 2,311 3,106 -
Free Cash Flow 3 64,072 68,455 87,787 -32,611 116,586 132,000 171,000 174,000
FCF margin 3,106.73% 3,089.58% 3,506.83% -1,144.48% 4,152.68% 4,453.44% 5,526.83% 5,123.67%
FCF Conversion (EBITDA) 30,204.44% 30,977.78% 38,735.46% - 42,069.22% 49,070.63% 60,211.27% 60,627.18%
FCF Conversion (Net income) - 921,326.95% 55,309.63% - 560,511.66% 400,000% 380,000% -
Dividend per Share 2 500.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0
Announcement Date 2/7/20 2/9/21 1/7/22 2/7/23 2/6/24 - - -
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 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 646 700.9 702.7 706.8 701.6 720.7 713.9 735 742 772
EBITDA - - - - - - - - - -
EBIT 1 32.9 31.5 33.2 29.8 22.8 23 23.1 35 36 33
Operating Margin 5.09% 4.49% 4.72% 4.22% 3.25% 3.19% 3.24% 4.76% 4.85% 4.27%
Earnings before Tax (EBT) - - - - - - - - - -
Net income 14.31 -45.43 16.65 - 8.036 - - - - -
Net margin 2.22% -6.48% 2.37% - 1.15% - - - - -
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 10/8/21 1/7/22 4/11/22 7/11/22 10/7/22 2/7/23 4/5/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,873 1,739 1,537 1,169 1,186 1,760 1,675 1,586
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.829 x 7.871 x 6.78 x 4.496 x 4.279 x 6.543 x 5.898 x 5.526 x
Free Cash Flow 2 64,072 68,455 87,787 -32,611 116,586 132,000 171,000 174,000
ROE (net income / shareholders' equity) -0.72% 0.92% 12.8% 2.87% 1.86% 3.1% 3.43% 4.8%
ROA (Net income/ Total Assets) - 0.29% 4.14% 1.19% 0.63% 3.1% 3.7% 3.8%
Assets 1 - 2,577 3,833 3,986 3,302 1,065 1,216 -
Book Value Per Share 3 77,045 80,496 84,534 96,471 97,491 96,776 100,015 104,834
Cash Flow per Share 3 14,165 17,787 12,897 12,150 18,920 18,221 14,271 19,426
Capex 1 103 156 108 212 154 132 107 107
Capex / Sales 5% 7.03% 4.32% 7.45% 5.5% 4.45% 3.46% 3.15%
Announcement Date 2/7/20 2/9/21 1/7/22 2/7/23 2/6/24 - - -
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
OUTPERFORM
Number of Analysts
3
Last Close Price
20,900 KRW
Average target price
28,500 KRW
Spread / Average Target
+36.36%
Consensus

Quarterly revenue - Rate of surprise

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