Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 358,109 450,147 484,188 1,422,492 523,763 788,159
Enterprise Value (EV) 1 -614,388 -2,055,400 -1,656,934 759,857 -1,214,842 -4,400
P/E ratio 4.95 x 4.04 x 7.3 x 9.89 x -9.55 x 81.6 x
Yield - - - 3.13% - -
Capitalization / Revenue 0.2 x 0.31 x 0.19 x 0.81 x 0.3 x 0.52 x
EV / Revenue -0.34 x -1.41 x -0.64 x 0.43 x -0.68 x -0 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.39 x 0.4 x 0.39 x 0.76 x 0.33 x 0.49 x
Nbr of stocks (in thousands) 175,944 218,070 218,070 218,070 218,070 218,070
Reference price 2 2,035 2,065 2,195 6,390 2,350 3,480
Announcement Date 3/18/19 3/16/20 3/16/21 3/15/22 3/14/23 3/12/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,804,553 1,453,738 2,599,439 1,759,093 1,774,686 1,517,551
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 97,430 105,336 94,356 192,724 -65,439 14,397
Net income 1 72,470 98,444 67,165 144,113 -54,867 9,298
Net margin 4.02% 6.77% 2.58% 8.19% -3.09% 0.61%
EPS 2 410.7 510.7 300.9 646.0 -246.1 42.64
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - 200.0 - -
Announcement Date 3/18/19 3/16/20 3/16/21 3/15/22 3/14/23 3/12/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 972,497 2,505,547 2,141,121 662,635 1,738,606 792,559
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 7.93% 9.36% 5.58% 9.23% -3.2% 0.59%
ROA (Net income/ Total Assets) 1.02% 1.14% 0.62% 1.22% -0.46% 0.07%
Assets 1 7,128,674 8,602,225 10,873,404 11,824,208 11,953,688 12,685,395
Book Value Per Share 2 5,255 5,186 5,630 8,462 7,023 7,103
Cash Flow per Share 2 635.0 425.0 795.0 893.0 1,084 781.0
Capex 1 3,461 5,125 6,715 6,003 9,901 3,873
Capex / Sales 0.19% 0.35% 0.26% 0.34% 0.56% 0.26%
Announcement Date 3/18/19 3/16/20 3/16/21 3/15/22 3/14/23 3/12/24
1KRW in Million2KRW
Estimates
  1. Stock Market
  2. Equities
  3. A003530 Stock
  4. Financials Hanwha Investment & Securities Co., Ltd.