HWASEUNG ENTERPRISE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,050 KRW | +1.91% |
|
+3.90% | +6.60% |
| 2023 | Hwaseung Enterprise Co., Ltd.(KOSE:A241590) dropped from KOSPI 200 Index | CI |
| 2023 | Hwaseung Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,026,097 | 859,621 | 1,020,618 | 559,239 | 514,403 | 548,333 | - | - |
| Enterprise Value (EV) 2 | 1,303 | 984.9 | 1,323 | 992.8 | 956.9 | 936.7 | 849.8 | 1,071 |
| P/E ratio | 16.4 x | 23.8 x | -156 x | -55.9 x | -19.6 x | 14.1 x | 9.61 x | 6.8 x |
| Yield | 0.27% | 0.32% | 0.27% | 0.49% | 0.53% | 0.5% | 0.5% | 0.5% |
| Capitalization / Revenue | 0.85 x | 0.77 x | 0.9 x | 0.34 x | 0.42 x | 0.37 x | 0.33 x | 0.3 x |
| EV / Revenue | 1.08 x | 0.88 x | 1.16 x | 0.6 x | 0.79 x | 0.63 x | 0.51 x | 0.59 x |
| EV / EBITDA | 9.73 x | 8.2 x | 19.2 x | 7.87 x | 11.4 x | 6.78 x | 5.24 x | 5.73 x |
| EV / FCF | 1,105 x | -173 x | -12.8 x | -28.9 x | 196 x | 103 x | 16.3 x | 19.1 x |
| FCF Yield | 0.09% | -0.58% | -7.79% | -3.46% | 0.51% | 0.97% | 6.15% | 5.23% |
| Price to Book | 2.94 x | 1.66 x | 1.9 x | 1.04 x | 0.92 x | 0.96 x | 0.92 x | 0.72 x |
| Nbr of stocks (in thousands) | 60,537 | 60,537 | 60,571 | 60,589 | 60,589 | 60,589 | - | - |
| Reference price 3 | 16,950 | 14,200 | 16,850 | 9,230 | 8,490 | 9,050 | 9,050 | 9,050 |
| Announcement Date | 2/18/20 | 3/5/21 | 3/10/22 | 3/9/23 | 2/22/24 | - | - | - |
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 | 1,202 | 1,116 | 1,139 | 1,654 | 1,214 | 1,492 | 1,679 | 1,805 |
| EBITDA 1 | 134 | 120.1 | 68.79 | 126.1 | 83.95 | 138.1 | 162.2 | 187.1 |
| EBIT 1 | 85.44 | 62.46 | 7.099 | 52.8 | 12.96 | 66.75 | 88 | 108.1 |
| Operating Margin | 7.11% | 5.6% | 0.62% | 3.19% | 1.07% | 4.47% | 5.24% | 5.99% |
| Earnings before Tax (EBT) 1 | 78.09 | 48.7 | 2.152 | 6.494 | -18.64 | 52.9 | 73.42 | 102.1 |
| Net income 1 | 62.44 | 40.1 | -6.514 | -10 | -25.28 | 39.34 | 57.8 | 80.55 |
| Net margin | 5.2% | 3.59% | -0.57% | -0.6% | -2.08% | 2.64% | 3.44% | 4.46% |
| EPS 2 | 1,031 | 596.0 | -108.0 | -165.0 | -434.0 | 644.0 | 942.2 | 1,330 |
| Free Cash Flow 3 | 1,179 | -5,682 | -103,016 | -34,325 | 4,880 | 9,100 | 52,267 | 56,000 |
| FCF margin | 98.14% | -509.23% | -9,047.8% | -2,075.26% | 402% | 610.03% | 3,112.48% | 3,103.18% |
| FCF Conversion (EBITDA) | 880.11% | - | - | - | 5,812.3% | 6,591.34% | 32,215.65% | 29,930.52% |
| FCF Conversion (Net income) | 1,888.53% | - | - | - | - | 23,131.67% | 90,426.76% | 69,522.04% |
| Dividend per Share 2 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.40 | 45.00 |
| Announcement Date | 2/18/20 | 3/5/21 | 3/10/22 | 3/9/23 | 2/22/24 | - | - | - |
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 | 194.9 | 336.8 | 376.3 | 452.4 | 439.2 | 386.2 | 305.4 | 321.9 | 261.3 | 325.2 | 349 | 381.3 | 358.6 | 406.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -17.62 | 1.629 | 6.858 | 26.12 | 15.54 | 4.29 | -0.9539 | 7.581 | -1.658 | 7.992 | 9.775 | 16.55 | 21.28 | 19.4 |
| Operating Margin | -9.04% | 0.48% | 1.82% | 5.77% | 3.54% | 1.11% | -0.31% | 2.35% | -0.63% | 2.46% | 2.8% | 4.34% | 5.93% | 4.78% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | -15.66 | -4.919 | - | - | 4.412 | -30.27 | 1.861 | -2.442 | -16.98 | -6.982 | 5.8 | 10.15 | 10.2 | 17.6 |
| Net margin | -8.04% | -1.46% | - | - | 1% | -7.84% | 0.61% | -0.76% | -6.5% | -2.15% | 1.66% | 2.66% | 2.84% | 4.33% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/10/22 | 5/13/22 | 8/12/22 | 11/13/22 | 3/9/23 | 5/12/23 | 8/11/23 | 11/14/23 | 2/22/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 277 | 125 | 303 | 434 | 443 | 388 | 301 | 523 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.069 x | 1.043 x | 4.398 x | 3.438 x | 5.271 x | 2.813 x | 1.858 x | 2.795 x |
| Free Cash Flow 2 | 1,179 | -5,682 | -103,016 | -34,325 | 4,880 | 9,100 | 52,267 | 56,000 |
| ROE (net income / shareholders' equity) | 20% | 9.16% | -1.24% | -1.32% | -4.39% | 7.78% | 10.2% | 11.3% |
| ROA (Net income/ Total Assets) | 6.14% | 3.89% | -0.52% | -0.71% | -1.85% | 3.47% | 4.77% | 6.8% |
| Assets 1 | 1,017 | 1,032 | 1,243 | 1,403 | 1,365 | 1,135 | 1,213 | 1,185 |
| Book Value Per Share 3 | 5,759 | 8,554 | 8,858 | 8,871 | 9,232 | 9,430 | 9,840 | 12,636 |
| Cash Flow per Share 3 | 1,145 | 1,283 | -138.0 | 1,599 | 976.0 | 2,252 | 2,739 | 3,211 |
| Capex 1 | 68.1 | 83.3 | 94.7 | 131 | 54.3 | 82.6 | 88.4 | 97 |
| Capex / Sales | 5.67% | 7.47% | 8.32% | 7.93% | 4.47% | 5.54% | 5.27% | 5.38% |
| Announcement Date | 2/18/20 | 3/5/21 | 3/10/22 | 3/9/23 | 2/22/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
9,050
KRW
Average target price
10,900
KRW
Spread / Average Target
+20.44%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.60% | 398M | |
| -13.31% | 142B | |
| +25.38% | 44.01B | |
| +51.86% | 7.71B | |
| -8.00% | 4.87B | |
| +0.54% | 3.3B | |
| +14.74% | 1.64B | |
| +36.89% | 1.25B | |
| -19.02% | 872M | |
| -11.61% | 688M |
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- Financials Hwaseung Enterprise Co., Ltd.
