Financials Park Systems Corp.

Equities

A140860

KR7140860008

Office Equipment

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
150,100 KRW +0.67% Intraday chart for Park Systems Corp. -2.41% -13.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 270,268 627,367 1,050,843 786,169 1,200,685 1,039,859 - -
Enterprise Value (EV) 2 260.1 605.7 1,031 756.2 1,201 980.3 944.3 938.3
P/E ratio 31.8 x 63.1 x 113 x 28.4 x 49 x 29.3 x 18 x 16.7 x
Yield 0.3% 0.19% 0.16% 0.35% - 0.3% 0.36% 0.44%
Capitalization / Revenue 5.2 x 8.81 x 12.3 x 6.44 x 8.29 x 5.98 x 4.49 x 4.19 x
EV / Revenue 5 x 8.5 x 12.1 x 6.19 x 8.29 x 5.64 x 4.08 x 3.78 x
EV / EBITDA 25.3 x 33.7 x 49.4 x 20.8 x 37.2 x 21.5 x 12.8 x 11 x
EV / FCF 747 x -289 x 125 x 31.9 x - 41.6 x 18.1 x 53.9 x
FCF Yield 0.13% -0.35% 0.8% 3.14% - 2.41% 5.53% 1.86%
Price to Book 6.09 x 11.9 x 11.7 x 6.58 x - 5.92 x 4.36 x 3.67 x
Nbr of stocks (in thousands) 6,665 6,639 6,868 6,902 6,920 6,928 - -
Reference price 3 40,550 94,500 153,000 113,900 173,500 150,100 150,100 150,100
Announcement Date 2/28/20 2/10/21 2/8/22 1/30/23 3/20/24 - - -
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 51.97 71.22 85.26 122.1 144.8 173.8 231.5 248.3
EBITDA 1 10.27 17.96 20.85 36.36 32.23 45.62 73.95 85.03
EBIT 1 8.036 14.98 17.54 31.19 27.56 41.49 66.96 77.53
Operating Margin 15.46% 21.04% 20.57% 25.54% 19.03% 23.87% 28.92% 31.22%
Earnings before Tax (EBT) 1 8.408 10.72 8.755 31.88 27.14 40.6 67.56 76.88
Net income 1 8.506 9.956 9.085 27.73 24.56 36.1 57.67 61.98
Net margin 16.37% 13.98% 10.66% 22.7% 16.96% 20.77% 24.91% 24.96%
EPS 2 1,277 1,498 1,353 4,005 3,542 5,128 8,324 9,009
Free Cash Flow 3 348.4 -2,093 8,262 23,720 - 23,584 52,250 17,415
FCF margin 670.3% -2,938.55% 9,690.58% 19,421.04% - 13,569.31% 22,568.85% 7,012.41%
FCF Conversion (EBITDA) 3,392.58% - 39,631.17% 65,232.98% - 51,696.12% 70,657.9% 20,481.17%
FCF Conversion (Net income) 4,095.55% - 90,941.11% 85,541.92% - 65,334.16% 90,608.61% 28,099.31%
Dividend per Share 2 120.0 180.0 250.0 400.0 - 457.1 535.8 655.0
Announcement Date 2/28/20 2/10/21 2/8/22 1/30/23 3/20/24 - - -
1KRW in Billions2KRW3KRW in Million
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 21.32 36.11 17.82 16.53 35.7 50.83 27.49 39.44 32.4 45.47 28.3 42.22 47.35 55.85
EBITDA - - - - - - - - - - - - - -
EBIT 1 4.666 12.38 0.594 - 13.85 16.97 2.184 10.1 5.47 9.802 3.3 10.2 12.5 14.72
Operating Margin 21.89% 34.29% 3.33% - 38.78% 33.38% 7.94% 25.62% 16.88% 21.56% 11.66% 24.16% 26.4% 26.37%
Earnings before Tax (EBT) 1 10.52 4.443 0.3383 - 17.21 12.67 2.691 9.306 6.467 8.679 5.2 9.5 11 15
Net income 1 9.302 4.527 0.3397 - 17.22 7.399 2.632 7.624 6.316 7.991 4 7.3 9 11
Net margin 43.63% 12.54% 1.91% - 48.24% 14.56% 9.57% 19.33% 19.49% 17.57% 14.13% 17.29% 19.01% 19.7%
EPS - - - 396.0 - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/22/21 2/8/22 5/4/22 8/16/22 10/19/22 1/30/23 5/12/23 8/9/23 11/3/23 3/20/24 - - - -
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 10.2 21.7 20.3 30 - 59.6 95.5 102
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 348 -2,093 8,262 23,720 - 23,584 52,250 17,415
ROE (net income / shareholders' equity) 20.9% 20.9% 10.5% 25.5% - 22.4% 26.1% 24.4%
ROA (Net income/ Total Assets) 15.8% 12.4% 6.45% 18.6% - 16.7% 20.9% 19.8%
Assets 1 53.69 79.98 140.7 149.1 - 215.7 276.4 312.3
Book Value Per Share 3 6,656 7,960 13,125 17,308 - 25,372 34,405 40,903
Cash Flow per Share 3 - 1,878 1,606 3,983 - 6,287 8,205 9,487
Capex 1 1.21 14.6 2.53 3.86 - 18.7 15 50
Capex / Sales 2.32% 20.45% 2.97% 3.16% - 10.73% 6.48% 20.13%
Announcement Date 2/28/20 2/10/21 2/8/22 1/30/23 3/20/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
150,100 KRW
Average target price
216,429 KRW
Spread / Average Target
+44.19%
Consensus

Quarterly revenue - Rate of surprise

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