Financials Korean Reinsurance Company

Equities

A003690

KR7003690005

Reinsurance

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8,120 KRW -1.58% Intraday chart for Korean Reinsurance Company +2.78% +13.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,046,458 904,739 945,989 811,091 1,027,080 1,198,758 - -
Enterprise Value (EV) 1 1,046,458 904,739 945,989 811,091 1,027,080 1,198,758 1,198,758 1,198,758
P/E ratio 5.8 x 5.93 x 5.56 x 5.23 x 4.26 x 4.36 x 4.13 x 3.57 x
Yield 5.49% 5.7% 5.68% 6.31% - 7.25% 7.71% 8.07%
Capitalization / Revenue 0.19 x 0.11 x 0.11 x 0.11 x - 0.16 x 0.16 x -
EV / Revenue 0.19 x 0.11 x 0.11 x 0.11 x - 0.16 x 0.16 x -
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.43 x 0.34 x 0.37 x 0.29 x - 0.44 x 0.4 x 0.39 x
Nbr of stocks (in thousands) 165,412 165,124 147,268 142,924 143,648 147,268 - -
Reference price 2 6,326 5,479 6,424 5,675 7,150 8,120 8,120 8,120
Announcement Date 2/13/20 2/9/21 3/17/22 2/16/23 3/21/24 - - -
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,527 8,377 8,374 7,179 - 7,506 7,677 -
EBITDA - - - - - - - -
EBIT 1 238.7 204.5 233.7 224.2 365.2 411.8 448.2 474
Operating Margin 4.32% 2.44% 2.79% 3.12% - 5.49% 5.84% -
Earnings before Tax (EBT) 1 249 202.8 231.3 211.2 363.2 406.2 439.8 470.5
Net income 1 191.6 151.3 178 175.2 287.5 305 330 353.5
Net margin 3.47% 1.81% 2.13% 2.44% - 4.06% 4.3% -
EPS 2 1,092 924.3 1,156 1,084 1,680 1,862 1,964 2,275
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 347.2 312.5 364.6 358.3 - 589.0 626.2 655.0
Announcement Date 2/13/20 2/9/21 3/17/22 2/16/23 3/21/24 - - -
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 - 1,994 - 1,763 1,685 2,249 - - - - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 1 66.2 0.5511 61.86 26.36 61.95 74.04 162.6 - 35.73 -13.34 102.2 124 101.4 69.45
Operating Margin - 0.03% - 1.5% 3.68% 3.29% - - - - - - - -
Earnings before Tax (EBT) 1 75.46 -1.437 62.46 24.1 83.19 41.42 162.5 - 36.04 -14.95 102.1 123.6 101 68.55
Net income 1 57.62 0.0891 46.89 20.11 64.05 44.18 126.3 142.6 24.03 -5.458 77.25 93.75 76.6 51.8
Net margin - 0% - 1.14% 3.8% 1.96% - - - - - - - -
EPS - - - - - - - 905.8 - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/11/21 3/17/22 5/13/22 8/12/22 11/11/22 2/16/23 5/12/23 8/14/23 11/14/23 3/21/24 - - - -
1KRW in Billions
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) 8.1% 6.11% 7.09% 6.44% - 9.68% 9.65% 10.2%
ROA (Net income/ Total Assets) 1.71% 1.25% 1.41% 1.27% - 2.36% 2.46% 2.7%
Assets 1 11,217 12,133 12,643 13,754 - 12,937 13,415 13,093
Book Value Per Share 2 14,879 16,140 17,379 19,594 - 18,651 20,481 20,649
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/13/20 2/9/21 3/17/22 2/16/23 3/21/24 - - -
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
C-
More Ratings

Quarterly revenue - Rate of surprise

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