Financials Michang Oil Ind .Co.,Ltd.

Equities

A003650

KR7003650009

Oil & Gas Refining and Marketing

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
79,400 KRW -0.50% Intraday chart for Michang Oil Ind  .Co.,Ltd. +1.79% +10.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 129,203 134,100 97,285 119,525 110,296 108,481
Enterprise Value (EV) 1 37,528 60,064 -6,650 4,831 3,803 -19,066
P/E ratio 11.6 x 6.99 x 4.96 x 3.61 x 4.72 x 2.28 x
Yield 2.09% 2.52% 3.27% 3.16% 3.43% 3.91%
Capitalization / Revenue 0.41 x 0.41 x 0.35 x 0.29 x 0.26 x 0.27 x
EV / Revenue 0.12 x 0.19 x -0.02 x 0.01 x 0.01 x -0.05 x
EV / EBITDA 2.47 x 2.92 x -0.31 x 0.13 x 0.08 x -0.37 x
EV / FCF - -8,747,853 x -250,467 x 995,262 x 383,227 x -435,108 x
FCF Yield - -0% -0% 0% 0% -0%
Price to Book 0.49 x 0.47 x 0.35 x 0.4 x 0.34 x 0.3 x
Nbr of stocks (in thousands) 1,689 1,689 1,513 1,513 1,513 1,513
Reference price 2 76,500 79,400 64,300 79,000 72,900 71,700
Announcement Date 3/19/20 3/19/20 3/25/21 3/24/22 3/27/23 3/21/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 316,300 323,728 277,578 406,293 418,790 409,235
EBITDA 1 15,168 20,586 21,691 38,407 47,189 51,325
EBIT 1 12,596 17,480 18,719 35,218 44,005 47,990
Operating Margin 3.98% 5.4% 6.74% 8.67% 10.51% 11.73%
Earnings before Tax (EBT) 1 15,337 24,378 23,424 44,392 31,754 60,645
Net income 1 10,722 17,726 19,679 33,139 23,383 47,646
Net margin 3.39% 5.48% 7.09% 8.16% 5.58% 11.64%
EPS 2 6,593 11,366 12,962 21,903 15,455 31,492
Free Cash Flow - -6,866 26,549 4,854 9,924 43,820
FCF margin - -2.12% 9.56% 1.19% 2.37% 10.71%
FCF Conversion (EBITDA) - - 122.39% 12.64% 21.03% 85.38%
FCF Conversion (Net income) - - 134.91% 14.65% 42.44% 91.97%
Dividend per Share 2 1,600 2,000 2,100 2,500 2,500 2,800
Announcement Date 3/19/20 3/19/20 3/25/21 3/24/22 3/27/23 3/21/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 91,674 74,036 103,934 114,695 106,493 127,547
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - -6,866 26,549 4,854 9,924 43,820
ROE (net income / shareholders' equity) - 6.98% 7.36% 11.4% 7.51% 13.9%
ROA (Net income/ Total Assets) - 3.78% 3.85% 6.68% 7.8% 7.75%
Assets 1 - 469,350 510,667 496,384 299,670 614,424
Book Value Per Share 2 157,695 168,403 183,166 199,594 212,260 241,153
Cash Flow per Share 2 15,509 17,196 37,143 24,747 17,115 20,019
Capex 1 17,803 8,522 4,149 1,656 1,124 836
Capex / Sales 5.63% 2.63% 1.49% 0.41% 0.27% 0.2%
Announcement Date 3/19/20 3/19/20 3/25/21 3/24/22 3/27/23 3/21/24
1KRW in Million2KRW
Estimates
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