Financials MAKUS Inc.

Equities

A093520

KR7093520005

Semiconductors

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12,070 KRW +1.34% Intraday chart for MAKUS Inc. -2.03% -3.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 54,984 48,422 60,261 96,586 95,022 132,564
Enterprise Value (EV) 1 26,979 22,830 43,715 51,490 43,011 142,625
P/E ratio 5.96 x 10.2 x 7.71 x 3.87 x 4.26 x 6.66 x
Yield 2.92% 2.66% 2% 1.49% 1.52% 1.2%
Capitalization / Revenue 0.61 x 0.84 x 0.69 x 0.69 x 0.49 x 0.76 x
EV / Revenue 0.3 x 0.4 x 0.5 x 0.37 x 0.22 x 0.81 x
EV / EBITDA 2.06 x 3.68 x 4.5 x 1.96 x 1.35 x 5.34 x
EV / FCF 3.69 x 61.5 x -9.08 x 2.72 x 2.57 x -2.59 x
FCF Yield 27.1% 1.63% -11% 36.8% 39% -38.7%
Price to Book 1.05 x 0.92 x 1.07 x 1.21 x 0.95 x 1.26 x
Nbr of stocks (in thousands) 13,378 12,878 12,028 12,028 12,028 10,605
Reference price 2 4,110 3,760 5,010 8,030 7,900 12,500
Announcement Date 3/13/19 3/18/20 3/18/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 89,615 57,482 86,913 140,727 193,763 175,414
EBITDA 1 13,079 6,198 9,725 26,275 31,745 26,708
EBIT 1 12,948 5,910 9,456 26,019 31,452 26,349
Operating Margin 14.45% 10.28% 10.88% 18.49% 16.23% 15.02%
Earnings before Tax (EBT) 1 11,942 6,195 10,345 30,906 28,767 25,560
Net income 1 9,314 4,784 7,966 24,965 22,133 20,243
Net margin 10.39% 8.32% 9.17% 17.74% 11.42% 11.54%
EPS 2 689.5 367.2 650.0 2,076 1,854 1,878
Free Cash Flow 1 7,319 371.4 -4,812 18,963 16,758 -55,130
FCF margin 8.17% 0.65% -5.54% 13.48% 8.65% -31.43%
FCF Conversion (EBITDA) 55.96% 5.99% - 72.17% 52.79% -
FCF Conversion (Net income) 78.58% 7.76% - 75.96% 75.72% -
Dividend per Share 2 120.0 100.0 100.0 120.0 120.0 150.0
Announcement Date 3/13/19 3/18/20 3/18/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2023 Q2 2023 Q3
Net sales 1 41.76 - 48.78 46.5 32.91
EBITDA - - - - -
EBIT 1 10.8 - 6.241 6.681 3.992
Operating Margin 25.86% - 12.79% 14.37% 12.13%
Earnings before Tax (EBT) - - - - -
Net income - 6.454 5.13 - -
Net margin - - 10.52% - -
EPS - 537.0 - - -
Dividend per Share - - - - -
Announcement Date 3/17/22 11/10/22 2/9/23 8/14/23 11/13/23
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 10,062
Net Cash position 1 28,005 25,591 16,545 45,096 52,011 -
Leverage (Debt/EBITDA) - - - - - 0.3767 x
Free Cash Flow 1 7,319 371 -4,812 18,963 16,758 -55,130
ROE (net income / shareholders' equity) 18.8% 9.21% 14.9% 36.9% 25.7% 20.8%
ROA (Net income/ Total Assets) 9.41% 3.92% 6.01% 13.5% 9.11% 5.68%
Assets 1 98,978 121,902 132,510 184,576 242,939 356,638
Book Value Per Share 2 3,903 4,101 4,699 6,623 8,312 9,952
Cash Flow per Share 2 1,549 1,405 782.0 2,082 3,520 2,068
Capex 1 209 26.5 31.6 17.9 325 56.3
Capex / Sales 0.23% 0.05% 0.04% 0.01% 0.17% 0.03%
Announcement Date 3/13/19 3/18/20 3/18/21 3/17/22 3/16/23 3/21/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise