NONGSHIM CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 390,500 KRW | -2.25% |
|
+4.55% | -4.05% |
| 2023 | Nongshim Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 | CI |
| 2023 | Nongshim's Net Profit Jumps in Q2 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,390,721 | 1,734,787 | 1,841,766 | 2,064,397 | 2,353,528 | 2,258,114 | - | - |
| Enterprise Value (EV) 2 | 953 | 1,248 | 1,391 | 1,627 | 2,354 | 1,539 | 1,383 | 1,426 |
| P/E ratio | 19.6 x | 11.7 x | 18.4 x | 17.8 x | 13.7 x | 12.2 x | 11.1 x | 10.7 x |
| Yield | 1.66% | 1.33% | 1.26% | 1.4% | - | 1.32% | 1.34% | 1.34% |
| Capitalization / Revenue | 0.59 x | 0.66 x | 0.69 x | 0.66 x | 0.69 x | 0.63 x | 0.6 x | 0.58 x |
| EV / Revenue | 0.41 x | 0.47 x | 0.52 x | 0.52 x | 0.69 x | 0.43 x | 0.37 x | 0.36 x |
| EV / EBITDA | 5.45 x | 4.76 x | 6.59 x | 7.12 x | 7.13 x | 4.29 x | 3.6 x | 3.57 x |
| EV / FCF | 120 x | 23.1 x | -42.9 x | 24.4 x | - | 13 x | 9.79 x | 11.1 x |
| FCF Yield | 0.83% | 4.34% | -2.33% | 4.1% | - | 7.71% | 10.2% | 8.98% |
| Price to Book | 0.72 x | 0.85 x | 0.84 x | 0.9 x | - | 0.91 x | 0.83 x | 0.8 x |
| Nbr of stocks (in thousands) | 5,783 | 5,783 | 5,783 | 5,783 | 5,783 | 5,783 | - | - |
| Reference price 3 | 240,500 | 300,000 | 318,500 | 357,000 | 407,000 | 390,500 | 390,500 | 390,500 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/7/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,344 | 2,640 | 2,663 | 3,129 | 3,411 | 3,596 | 3,781 | 3,923 |
| EBITDA 1 | 174.8 | 261.9 | 211.2 | 228.6 | 330.1 | 358.6 | 384.3 | 399.7 |
| EBIT 1 | 78.82 | 160.3 | 106.1 | 112.2 | 212.1 | 237.7 | 255.3 | 274.2 |
| Operating Margin | 3.36% | 6.07% | 3.99% | 3.58% | 6.22% | 6.61% | 6.75% | 6.99% |
| Earnings before Tax (EBT) 1 | 103.5 | 190.6 | 136.8 | 158.8 | 231.1 | 250.7 | 282.9 | 293 |
| Net income 1 | 71 | 148.5 | 99.64 | 116 | 171.5 | 188 | 211.6 | 218.3 |
| Net margin | 3.03% | 5.63% | 3.74% | 3.71% | 5.03% | 5.23% | 5.6% | 5.57% |
| EPS 2 | 12,277 | 25,682 | 17,263 | 20,081 | 29,728 | 31,938 | 35,241 | 36,610 |
| Free Cash Flow 3 | 7,933 | 54,118 | -32,392 | 66,789 | - | 118,660 | 141,350 | 128,000 |
| FCF margin | 338.45% | 2,050.09% | -1,216.39% | 2,134.48% | - | 3,299.86% | 3,738.51% | 3,262.98% |
| FCF Conversion (EBITDA) | 4,538.06% | 20,663.52% | - | 29,221.16% | - | 33,088.14% | 36,782.23% | 32,020.61% |
| FCF Conversion (Net income) | 11,174.12% | 36,440.58% | - | 57,560.31% | - | 63,133.81% | 66,797.06% | 58,625.96% |
| Dividend per Share 2 | 4,000 | 4,000 | 4,000 | 5,000 | - | 5,136 | 5,227 | 5,250 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/7/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 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 | 1,187 | 673 | 707.7 | 736.3 | 756.2 | 813 | 823.6 | 860.4 | 837.5 | 855.9 | 856.7 | 903.6 | 889.2 | 906 | 904.9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 39.01 | 29.12 | 31.44 | 34.32 | 4.253 | 27.3 | 46.3 | 63.75 | 53.7 | 55.67 | 38.94 | 66.84 | 55.16 | 60.84 | 49.26 |
| Operating Margin | 3.29% | 4.33% | 4.44% | 4.66% | 0.56% | 3.36% | 5.62% | 7.41% | 6.41% | 6.5% | 4.54% | 7.4% | 6.2% | 6.71% | 5.44% |
| Earnings before Tax (EBT) 1 | - | 35.41 | 38.45 | 43.24 | 35.37 | 34.63 | 45.61 | 70.61 | 60.01 | 65.57 | 34.94 | 74.7 | 63.9 | 67.35 | 44.95 |
| Net income 1 | - | 25.43 | 27.17 | 33.04 | 27.67 | 28.39 | 27.01 | 54.4 | 44.95 | 50.05 | 22.5 | 56.97 | 47.83 | 51.1 | 32.65 |
| Net margin | - | 3.78% | 3.84% | 4.49% | 3.66% | 3.49% | 3.28% | 6.32% | 5.37% | 5.85% | 2.63% | 6.3% | 5.38% | 5.64% | 3.61% |
| EPS | - | 4,398 | 4,699 | 5,713 | 4,786 | 4,910 | 4,671 | 9,408 | 7,773 | 8,655 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/6/20 | 11/15/21 | 2/10/22 | 5/16/22 | 8/16/22 | 11/14/22 | 2/9/23 | 5/15/23 | 8/11/23 | 11/14/23 | 2/7/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 438 | 487 | 451 | 437 | - | 719 | 875 | 832 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 7,933 | 54,118 | -32,392 | 66,789 | - | 118,660 | 141,350 | 128,000 |
| ROE (net income / shareholders' equity) | 3.7% | 7.47% | 4.69% | 5.14% | 7.21% | 7.67% | 7.8% | 7.67% |
| ROA (Net income/ Total Assets) | 2.74% | 5.54% | 3.55% | 3.91% | - | 5.73% | 6.06% | 5.87% |
| Assets 1 | 2,590 | 2,680 | 2,807 | 2,965 | - | 3,278 | 3,494 | 3,722 |
| Book Value Per Share 3 | 333,399 | 351,731 | 377,778 | 398,464 | - | 430,513 | 468,374 | 489,996 |
| Cash Flow per Share 3 | 28,094 | 40,032 | 28,133 | 27,609 | - | 51,560 | 53,484 | - |
| Capex 1 | 155 | 177 | 195 | 92.9 | - | 131 | 146 | 175 |
| Capex / Sales | 6.59% | 6.72% | 7.33% | 2.97% | - | 3.64% | 3.85% | 4.46% |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/9/23 | 2/7/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
390,500
KRW
Average target price
546,667
KRW
Spread / Average Target
+39.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.05% | 1.64B | |
| -15.75% | 8.01B | |
| +0.24% | 7.62B | |
| -9.71% | 930M | |
| -19.68% | 669M | |
| -8.19% | 608M | |
| -22.81% | 572M | |
| +13.30% | 519M | |
| -11.65% | 362M | |
| -29.26% | 269M |
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- Financials Nongshim Co., Ltd.
