Stock A024110 INDUSTRIAL BANK OF KOREA
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Financials Industrial Bank of Korea

Equities

A024110

KR7024110009

Banks

End-of-day quote Korea S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
13,850 KRW +2.14% Intraday chart for Industrial Bank of Korea +3.75% +16.78%
Mar. 14 Algocare announced that it has received funding from STASSETS Investment, Murex Partners LLC, Industrial Bank of Korea, L&S Venture Capital Corp., JB Investment Co., Ltd., Maple Investment Partners CI
Feb. 29 News Highlights : Top Financial Services News of the Day - Thursday at 4 PM ET DJ

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,810,452 6,529,793 7,666,296 7,830,722 9,457,471 11,044,348 - -
Enterprise Value (EV) 1 6,810,452 6,529,793 7,666,296 7,830,722 9,457,471 11,044,348 11,044,348 11,044,348
P/E ratio 5.26 x 4.47 x 3.58 x 2.96 x - 4.06 x 3.84 x 3.62 x
Yield 5.68% 5.33% 7.57% 9.78% - 7.62% 8.16% 8.97%
Capitalization / Revenue 1.06 x 1.05 x 1.14 x 0.96 x 1.1 x 1.29 x 1.24 x 1.23 x
EV / Revenue 1.06 x 1.05 x 1.14 x 0.96 x 1.1 x 1.29 x 1.24 x 1.23 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.3 x 0.24 x 0.28 x 0.27 x - 0.35 x 0.33 x 0.32 x
Nbr of stocks (in thousands) 577,157 738,664 744,301 797,426 797,426 797,426 - -
Reference price 2 11,800 8,840 10,300 9,820 11,860 13,850 13,850 13,850
Announcement Date 2/10/20 2/5/21 2/8/22 2/7/23 2/7/24 - - -
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,420 6,230 6,726 8,187 8,575 8,575 8,877 9,000
EBITDA - - - - - - - -
EBIT 1 3,758 3,800 4,127 3,796 5,890 5,780 6,085 6,174
Operating Margin 58.53% 60.99% 61.36% 46.37% 68.68% 67.4% 68.55% 68.6%
Earnings before Tax (EBT) 1 2,258 2,087 3,318 3,762 3,493 3,778 3,953 4,146
Net income 1 1,628 1,536 2,412 2,796 2,670 2,781 2,903 3,084
Net margin 25.35% 24.65% 35.87% 34.16% 31.13% 32.43% 32.7% 34.27%
EPS 2 2,242 1,977 2,877 3,320 - 3,409 3,603 3,822
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 670.0 471.0 780.0 960.0 - 1,055 1,130 1,242
Announcement Date 2/10/20 2/5/21 2/8/22 2/7/23 2/7/24 - - -
1KRW in Billions2KRW
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 2025 Q1
Net sales 1 1,708 1,725 1,794 1,947 2,119 2,326 2,474 2,097 2,032 2,220 2,075 2,115 2,183 2,105 2,336
EBITDA - - - - - - - - - - - - - - -
EBIT 1 815.9 1,069 1,134 1,242 1,091 329.4 915.6 848.6 1,420 1,544 1,378 - - - -
Operating Margin 47.76% 61.97% 63.17% 63.79% 51.5% 14.16% 37.01% 40.47% 69.88% 69.55% 66.42% - - - -
Earnings before Tax (EBT) 1 838.1 823.1 867.3 752.4 1,089 1,054 937.1 900.3 988.7 667 1,027 899.6 1,001 755.8 936.3
Net income 1 607.9 596.2 658.1 565 793.4 779.9 720.1 664 728.6 557 780.8 662 719.9 561.5 704.6
Net margin 35.58% 34.57% 36.68% 29.02% 37.44% 33.53% 29.11% 31.66% 35.85% 25.09% 37.63% 31.3% 32.97% 26.67% 30.17%
EPS 2 723.0 708.0 787.0 671.0 958.0 905.0 860.0 832.7 867.0 - 862.0 754.6 865.2 603.2 804.1
Dividend per Share 2 - 780.0 - - - 960.0 - - - - - - - 880.0 -
Announcement Date 10/26/21 2/8/22 4/25/22 7/22/22 10/26/22 2/7/23 4/27/23 7/25/23 10/27/23 2/7/24 4/29/24 - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.42% 6.46% 9.21% 9.87% - 9.06% 8.89% 9.11%
ROA (Net income/ Total Assets) 0.54% 0.46% 0.64% 0.67% - 0.6% 0.61% 0.59%
Assets 1 303,816 337,183 376,953 418,445 - 465,882 478,979 518,645
Book Value Per Share 2 39,281 37,454 36,888 36,302 - 39,839 42,327 43,620
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/10/20 2/5/21 2/8/22 2/7/23 2/7/24 - - -
1KRW in Billions2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Industrial Bank of Korea

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
13,850 KRW
Average target price
14,829 KRW
Spread / Average Target
+7.07%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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