Financials Korea Asset In Trust Co., Ltd

Equities

A123890

KR7123890006

Diversified REITs

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3,050 KRW 0.00% Intraday chart for Korea Asset In Trust Co., Ltd +1.50% -3.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 412,385 482,126 499,869 365,266 386,680 373,220 -
Enterprise Value (EV) 2 836.7 536.2 564.9 542.9 386.7 544.2 534.2
P/E ratio 4.19 x 3.71 x 4.65 x 3.37 x 2.98 x 3.64 x 3.24 x
Yield 5.93% 5.58% 5.39% 7.37% - 7.21% 7.21%
Capitalization / Revenue 1.85 x 2.01 x 2.35 x 1.57 x 1.49 x 1.56 x 1.47 x
EV / Revenue 3.75 x 2.23 x 2.66 x 2.33 x 1.49 x 2.28 x 2.1 x
EV / EBITDA 7.13 x 2.99 x 3.8 x 3.67 x 3.29 x 3.89 x 3.42 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.57 x 0.63 x 0.59 x 0.39 x - 0.33 x 0.31 x
Nbr of stocks (in thousands) 122,370 122,367 122,367 122,367 122,367 122,367 -
Reference price 3 3,370 3,940 4,085 2,985 3,160 3,050 3,050
Announcement Date 2/14/20 2/9/21 2/8/22 2/13/23 2/14/24 - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 223.3 240.1 212.4 233 259.1 238.6 254.5
EBITDA 1 117.3 179.6 148.8 148 117.4 140 156
EBIT 1 114.1 178.7 147.8 146.9 118.2 139.6 156.5
Operating Margin 51.09% 74.43% 69.58% 63.04% 45.63% 58.51% 61.49%
Earnings before Tax (EBT) 1 119.7 172.9 146.2 145.4 169 138.6 155.5
Net income 1 89.6 130 107.3 108.2 130.7 103.9 116.6
Net margin 40.13% 54.16% 50.54% 46.46% 50.44% 43.55% 45.82%
EPS 2 805.0 1,062 878.0 885.0 1,059 838.0 941.0
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 200.0 220.0 220.0 220.0 - 220.0 220.0
Announcement Date 2/14/20 2/9/21 2/8/22 2/13/23 2/14/24 - -
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
Net sales 1 47.74 61.24 - 55.33 56.84 61.98 72.97 57.28 57.01 71.83 59.6 65.9 35.8 77.2
EBITDA - - - - - - - - - - - - - -
EBIT 1 31.63 43.36 - 35.76 37.55 34.63 32.46 27.15 29.73 28.87 32.6 42.8 15 49.1
Operating Margin 66.25% 70.8% - 64.63% 66.07% 55.87% 44.49% 47.41% 52.15% 40.19% 54.7% 64.95% 41.9% 63.6%
Earnings before Tax (EBT) 1 31.54 41.48 - 35.9 38.25 31.99 83.94 27.94 29.76 27.4 32.6 42.8 15 48.1
Net income 1 23.83 28.44 30.1 27.28 28.93 21.94 63.48 22.01 23.42 21.78 24.8 32.5 11.4 35.2
Net margin 49.91% 46.43% - 49.29% 50.9% 35.39% 87% 38.42% 41.07% 30.33% 41.61% 49.32% 31.84% 45.6%
EPS - - 246.0 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/15/21 2/8/22 5/13/22 8/16/22 11/14/22 2/13/23 5/15/23 8/14/23 11/14/23 2/14/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 424 54.1 65.1 178 - 171 161
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 3.617 x 0.301 x 0.437 x 1.201 x - 1.221 x 1.032 x
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 14.3% 18.2% 13.3% 12.2% - 9.5% 9.9%
ROA (Net income/ Total Assets) 8% 10.6% 8.69% 8.24% - 6.8% 7.3%
Assets 1 1,120 1,226 1,235 1,314 - 1,528 1,597
Book Value Per Share 2 5,950 6,283 6,940 7,620 - 9,212 9,945
Cash Flow per Share - - - - - - -
Capex 1 - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 2/14/20 2/9/21 2/8/22 2/13/23 2/14/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
3,050 KRW
Average target price
4,300 KRW
Spread / Average Target
+40.98%
Consensus

Quarterly revenue - Rate of surprise

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