Financials MiCo Ltd.

Equities

A059090

KR7059090001

Semiconductor Equipment & Testing

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10,600 KRW +5.26% Intraday chart for MiCo Ltd. -0.66% +16.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 144,102 177,664 460,962 461,126 230,866 285,985
Enterprise Value (EV) 1 162,452 236,290 489,210 480,516 282,673 412,608
P/E ratio 10.4 x 22.3 x 39.8 x -40.6 x -4.2 x -10.5 x
Yield 0.85% 0.69% - 0.48% - -
Capitalization / Revenue 0.63 x 0.75 x 1.64 x 1.26 x 0.56 x 0.74 x
EV / Revenue 0.71 x 1 x 1.74 x 1.31 x 0.68 x 1.07 x
EV / EBITDA 2.82 x 4.09 x 7.06 x 4.95 x 2.7 x 5.97 x
EV / FCF -3.54 x -7.56 x 76.5 x -10.4 x -72.1 x -16.1 x
FCF Yield -28.3% -13.2% 1.31% -9.6% -1.39% -6.2%
Price to Book 1.69 x 1.92 x 4.07 x 2.33 x 1.63 x 3.77 x
Nbr of stocks (in thousands) 30,791 30,791 30,527 31,912 31,496 31,496
Reference price 2 4,680 5,770 15,100 14,450 7,330 9,080
Announcement Date 3/20/19 3/19/20 3/22/21 3/22/22 3/31/23 3/21/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 227,422 236,170 280,899 365,491 414,832 387,341
EBITDA 1 57,537 57,842 69,306 96,983 104,632 69,125
EBIT 1 45,313 38,181 43,256 67,599 63,970 21,202
Operating Margin 19.92% 16.17% 15.4% 18.5% 15.42% 5.47%
Earnings before Tax (EBT) 1 39,440 28,736 37,838 62,035 -20,266 10,988
Net income 1 13,903 7,961 11,613 -10,987 -55,231 -27,256
Net margin 6.11% 3.37% 4.13% -3.01% -13.31% -7.04%
EPS 2 451.5 258.5 379.0 -356.1 -1,743 -865.4
Free Cash Flow 1 -45,933 -31,275 6,392 -46,110 -3,919 -25,591
FCF margin -20.2% -13.24% 2.28% -12.62% -0.94% -6.61%
FCF Conversion (EBITDA) - - 9.22% - - -
FCF Conversion (Net income) - - 55.04% - - -
Dividend per Share 2 40.00 40.00 - 70.00 - -
Announcement Date 3/20/19 3/19/20 3/22/21 3/22/22 3/31/23 3/21/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 18,350 58,626 28,248 19,390 51,807 126,623
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3189 x 1.014 x 0.4076 x 0.1999 x 0.4951 x 1.832 x
Free Cash Flow 1 -45,933 -31,275 6,392 -46,110 -3,919 -25,591
ROE (net income / shareholders' equity) 24.4% 13.9% 13.2% 7.1% -8.34% -0.55%
ROA (Net income/ Total Assets) 10.6% 6.48% 5.85% 6.81% 5.52% 1.69%
Assets 1 131,111 122,940 198,454 -161,285 -1,001,145 -1,609,623
Book Value Per Share 2 2,766 3,005 3,707 6,192 4,503 2,410
Cash Flow per Share 2 3,173 2,759 4,964 5,657 4,190 5,414
Capex 1 71,080 64,695 49,361 121,665 51,723 47,638
Capex / Sales 31.25% 27.39% 17.57% 33.29% 12.47% 12.3%
Announcement Date 3/20/19 3/19/20 3/22/21 3/22/22 3/31/23 3/21/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise