Financials Jeju Air Co., Ltd.

Equities

A089590

KR7089590004

Airlines

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10,840 KRW +0.18% Intraday chart for Jeju Air Co., Ltd. +0.93% -7.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 704,488 705,186 874,540 1,146,165 945,099 873,391 - -
Enterprise Value (EV) 2 742.2 1,235 1,155 1,431 945.1 1,261 1,224 1,154
P/E ratio -21.3 x -1.81 x -2.61 x -4.56 x 7.4 x 7.43 x 7.52 x 6.94 x
Yield 2.43% - - - - - - -
Capitalization / Revenue 0.51 x 1.87 x 3.2 x 1.63 x 0.55 x 0.46 x 0.47 x 0.44 x
EV / Revenue 0.54 x 3.28 x 4.23 x 2.04 x 0.55 x 0.66 x 0.65 x 0.58 x
EV / EBITDA 5.56 x -7.66 x -6.05 x -28.8 x - 3.68 x 3.84 x 3.27 x
EV / FCF 17.5 x -4.09 x -10.7 x -20 x - 16.5 x 7.71 x 10.9 x
FCF Yield 5.72% -24.5% -9.34% -5.01% - 6.07% 13% 9.18%
Price to Book 2.17 x 2.56 x 3.85 x 3.74 x - 2.02 x 1.64 x 1.29 x
Nbr of stocks (in thousands) 26,287 38,430 49,690 76,924 80,571 80,571 - -
Reference price 3 26,800 18,350 17,600 14,900 11,730 10,840 10,840 10,840
Announcement Date 2/11/20 2/15/21 3/15/22 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 1,384 377 273.1 702.5 1,724 1,899 1,874 2,001
EBITDA 1 133.5 -161.3 -190.9 -49.71 - 342.2 319 352.7
EBIT 1 -32.89 -335.8 -317.2 -177.5 169.8 173.2 151.3 164.8
Operating Margin -2.38% -89.08% -116.14% -25.27% 9.85% 9.12% 8.08% 8.23%
Earnings before Tax (EBT) 1 -47.5 -405.1 -354.8 -217.2 172.6 164.6 140.7 167.3
Net income 1 -33.12 -306.5 -272.3 -173.9 130.8 124.4 106.4 130.7
Net margin -2.39% -81.29% -99.71% -24.75% 7.59% 6.55% 5.68% 6.53%
EPS 2 -1,260 -10,125 -6,754 -3,264 1,585 1,458 1,441 1,562
Free Cash Flow 3 42,466 -302,242 -107,896 -71,697 - 76,500 158,667 106,000
FCF margin 3,068.37% -80,171.7% -39,510.93% -10,205.86% - 4,029.28% 8,467.78% 5,296.69%
FCF Conversion (EBITDA) 31,812.75% - - - - 22,352.08% 49,738.77% 30,056.71%
FCF Conversion (Net income) - - - - - 61,519.9% 149,122.81% 81,122.45%
Dividend per Share 650.0 - - - - - - -
Announcement Date 2/11/20 2/15/21 3/15/22 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 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 68.23 87.91 81.19 126.2 195.7 299.4 424.9 373.9 443.4 481.9 506.8 440.3 503.6 485.3
EBITDA - -35.71 - - - - - - - - - - - -
EBIT 1 -91.32 -67.31 -78.94 -55.71 -61.57 18.72 70.6 24.67 48.2 26.33 71.76 23.33 54.28 22.62
Operating Margin -133.86% -76.57% -97.24% -44.15% -31.46% 6.25% 16.62% 6.6% 10.87% 5.46% 14.16% 5.3% 10.78% 4.66%
Earnings before Tax (EBT) 1 -109.3 -67.65 -87.17 -74.65 -88.54 33.12 63.5 26.66 38.65 43.74 62.95 18.85 55.1 18.1
Net income 1 -83.03 -53.9 -65.91 -56.32 -67.58 15.95 48.21 21.53 31.03 33.55 46.42 17.3 40.4 14
Net margin -121.7% -61.31% -81.19% -44.64% -34.53% 5.33% 11.35% 5.76% 7% 6.96% 9.16% 3.93% 8.02% 2.88%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/15/21 3/15/22 5/16/22 8/16/22 11/14/22 2/7/23 5/15/23 8/8/23 11/7/23 2/6/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 37.7 529 280 285 - 388 350 281
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.2823 x -3.283 x -1.469 x -5.724 x - 1.132 x 1.098 x 0.7968 x
Free Cash Flow 2 42,466 -302,242 -107,896 -71,697 - 76,500 158,667 106,000
ROE (net income / shareholders' equity) -9.64% -117% -136% -70.1% 41.2% 30.7% 20.7% 17.5%
ROA (Net income/ Total Assets) -2.73% -23.8% -22.4% -11.9% - 6.18% 5.25% 6.5%
Assets 1 1,213 1,289 1,218 1,465 - 2,012 2,027 2,010
Book Value Per Share 3 12,370 7,163 4,567 3,986 - 5,367 6,618 8,418
Cash Flow per Share 3 3,192 -9,433 -2,077 2,596 - 4,662 4,161 4,476
Capex 1 41.4 16.7 24.2 210 - 198 175 160
Capex / Sales 2.99% 4.43% 8.85% 29.89% - 10.44% 9.33% 7.97%
Announcement Date 2/11/20 2/15/21 3/15/22 2/7/23 2/6/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
10,840 KRW
Average target price
14,042 KRW
Spread / Average Target
+29.54%
Consensus

Quarterly revenue - Rate of surprise

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