PEARL ABYSS CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30,750 KRW | +0.49% |
|
+7.71% | -20.65% |
| Mar. 14 | Nomura Adjusts Pearl Abyss’ Price Target to KRW28,000 From KRW55,000, Keeps at Neutral | MT |
| Feb. 15 | Transcript : Pearl Abyss Corp., Q4 2023 Earnings Call, Feb 15, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,250,513 | 3,178,988 | 8,457,450 | 2,570,540 | 2,380,002 | 1,888,647 | - | - |
| Enterprise Value (EV) 2 | 2,007 | 2,892 | 43,304 | 2,409 | 2,380 | 1,653 | 1,534 | 1,490 |
| P/E ratio | 14.5 x | 31.9 x | 142 x | -59.8 x | 156 x | -1,452 x | 16.1 x | 12.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.18 x | 6.5 x | 20.9 x | 6.66 x | 7.14 x | 5.77 x | 3.26 x | 2.98 x |
| EV / Revenue | 3.73 x | 5.92 x | 107 x | 6.25 x | 7.14 x | 5.05 x | 2.65 x | 2.35 x |
| EV / EBITDA | 11.8 x | 16.1 x | 643 x | 57.3 x | 245 x | 233 x | 9.74 x | 5.79 x |
| EV / FCF | 15.8 x | 22.1 x | 2,542 x | -51.9 x | - | 58 x | 12 x | - |
| FCF Yield | 6.33% | 4.52% | 0.04% | -1.93% | - | 1.72% | 8.36% | - |
| Price to Book | 3.82 x | 4.92 x | 11.8 x | 3.68 x | - | 2.68 x | 2.16 x | 2.05 x |
| Nbr of stocks (in thousands) | 60,759 | 61,064 | 61,153 | 61,276 | 61,419 | 61,419 | - | - |
| Reference price 3 | 37,040 | 52,060 | 138,300 | 41,950 | 38,750 | 30,750 | 30,750 | 30,750 |
| Announcement Date | 3/9/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
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 | 538.9 | 488.8 | 403.8 | 385.7 | 333.5 | 327.1 | 579 | 634.3 |
| EBITDA 1 | 169.5 | 179.2 | 67.39 | 42.02 | 9.699 | 7.092 | 157.5 | 257.5 |
| EBIT 1 | 152.1 | 157.3 | 43.04 | 16.38 | -16.35 | -20.24 | 125.9 | 180.3 |
| Operating Margin | 28.22% | 32.18% | 10.66% | 4.25% | -4.9% | -6.19% | 21.74% | 28.42% |
| Earnings before Tax (EBT) 1 | 182.8 | 142 | 79.13 | -55.8 | 22.14 | -1.971 | 160.1 | 384.9 |
| Net income 1 | 158.1 | 99.25 | 61.11 | -43 | 15.38 | 3.018 | 124.2 | 316.2 |
| Net margin | 29.34% | 20.31% | 15.13% | -11.15% | 4.61% | 0.92% | 21.44% | 49.85% |
| EPS 2 | 2,559 | 1,631 | 971.0 | -702.0 | 248.0 | -21.18 | 1,906 | 2,507 |
| Free Cash Flow 3 | 127,004 | 130,776 | 17,037 | -46,395 | - | 28,500 | 128,189 | - |
| FCF margin | 23,566.87% | 26,756.16% | 4,219.38% | -12,029.36% | - | 8,711.78% | 22,140.36% | - |
| FCF Conversion (EBITDA) | 74,948.92% | 72,974.84% | 25,283.34% | - | - | 401,866.35% | 81,370.26% | - |
| FCF Conversion (Net income) | 80,312.34% | 131,760.05% | 27,881.77% | - | - | 944,427.88% | 103,243.14% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 96.4 | 118 | 91.43 | 94.03 | 97.27 | 103 | 85.76 | 78.36 | 84.93 | 84.44 | 79.1 | 79.34 | 81.24 | 82.08 | 209.4 |
| EBITDA 1 | 16.55 | - | - | - | - | - | - | - | - | 1.238 | 2.087 | -1.002 | 2.909 | -2.086 | - |
| EBIT 1 | 10.22 | 25.72 | 5.176 | -4.209 | 11.96 | 3.454 | 1.094 | -14.1 | 2.135 | -5.474 | -3.419 | -7.182 | -4.333 | 20.7 | 45.2 |
| Operating Margin | 10.61% | 21.8% | 5.66% | -4.48% | 12.29% | 3.35% | 1.28% | -18% | 2.51% | -6.48% | -4.32% | -9.05% | -5.33% | 25.22% | 21.59% |
| Earnings before Tax (EBT) 1 | 33.03 | 18 | 6.332 | 15.71 | 29.92 | -107.8 | 13.58 | -5.15 | 22.89 | -9.062 | 0.7 | -1.333 | 2.133 | -10.53 | 45.9 |
| Net income 1 | 26.8 | 10.8 | 5.803 | 32.04 | 21.33 | -102.2 | 9.394 | -4.434 | 14.96 | -4.418 | 1.6 | 0.65 | 1.733 | 4.85 | 34.4 |
| Net margin | 27.81% | 9.15% | 6.35% | 34.07% | 21.93% | -99.24% | 10.95% | -5.66% | 17.61% | -5.23% | 2.02% | 0.82% | 2.13% | 5.91% | 16.43% |
| EPS 2 | 438.0 | 148.0 | 95.00 | 523.0 | 348.0 | -1,668 | 153.0 | -72.00 | 242.0 | -75.00 | 121.6 | -10.90 | 74.50 | 15.81 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 2/15/22 | 5/13/22 | 8/11/22 | 11/9/22 | 2/14/23 | 5/11/23 | 8/10/23 | 11/9/23 | 2/15/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 34,846 | - | - | - | - | - |
| Net Cash position 1 | 243 | 287 | - | 161 | - | 236 | 354 | 398 |
| Leverage (Debt/EBITDA) | - | - | 517.1 x | - | - | - | - | - |
| Free Cash Flow 2 | 127,004 | 130,776 | 17,037 | -46,395 | - | 28,500 | 128,189 | - |
| ROE (net income / shareholders' equity) | 31.7% | 16.2% | 9% | -5.79% | 2.16% | 0.21% | 14% | 12.9% |
| ROA (Net income/ Total Assets) | 20% | 11.3% | 5.27% | -3.33% | - | 0.17% | 7.43% | - |
| Assets 1 | 789.7 | 881.7 | 1,160 | 1,290 | - | 1,752 | 1,672 | - |
| Book Value Per Share 3 | 9,684 | 10,583 | 11,759 | 11,412 | - | 11,462 | 14,250 | 15,031 |
| Cash Flow per Share 3 | 2,653 | 2,546 | 1,054 | 777.0 | - | -513.0 | 2,754 | 1,396 |
| Capex 1 | 37 | 26.7 | 47.4 | 93.9 | - | 29.6 | 37.3 | 48 |
| Capex / Sales | 6.86% | 5.45% | 11.74% | 24.36% | - | 9.06% | 6.43% | 7.57% |
| Announcement Date | 3/9/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
30,750
KRW
Average target price
41,100
KRW
Spread / Average Target
+33.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.65% | 1.37B | |
| +3.04% | 61.86B | |
| -3.35% | 13.24B | |
| +18.54% | 7.71B | |
| +6.47% | 6.68B | |
| -11.96% | 5.04B | |
| +13.19% | 4.37B | |
| -20.74% | 4.15B | |
| -8.26% | 3.17B | |
| +1.53% | 2.97B |
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- Financials Pearl Abyss Corp.
