RAY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13,200 KRW | -0.30% |
|
-3.58% | -42.23% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 285,425 | 354,619 | 377,240 | 325,683 | 349,240 | 201,749 | - | - |
| Enterprise Value (EV) 2 | 285.4 | 337.9 | 350.4 | 372.7 | 407.5 | 237.7 | 229.5 | 201.7 |
| P/E ratio | 24.7 x | 44.9 x | -28,350 x | 44.3 x | -163 x | 17 x | 6.06 x | 6.29 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.91 x | 6.42 x | 4.18 x | 2.52 x | 2.39 x | 1.29 x | 0.89 x | 0.83 x |
| EV / Revenue | 3.91 x | 6.12 x | 3.88 x | 2.89 x | 2.79 x | 1.51 x | 1.02 x | 0.83 x |
| EV / EBITDA | 18.4 x | 37.7 x | 38.5 x | 16.5 x | 27.6 x | 10.1 x | 4.68 x | 3.74 x |
| EV / FCF | 60.1 x | -176 x | -33.8 x | -10.2 x | -16.2 x | 8.2 x | 8.9 x | 11.2 x |
| FCF Yield | 1.66% | -0.57% | -2.96% | -9.85% | -6.16% | 12.2% | 11.2% | 8.92% |
| Price to Book | 4.96 x | 5.43 x | 3.93 x | 2.88 x | 2.74 x | 1.66 x | 1.18 x | 1.2 x |
| Nbr of stocks (in thousands) | 13,307 | 13,307 | 13,307 | 13,627 | 15,284 | 15,284 | - | - |
| Reference price 3 | 21,450 | 26,650 | 28,350 | 23,900 | 22,850 | 13,200 | 13,200 | 13,200 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 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 | 73.07 | 55.2 | 90.34 | 129 | 145.9 | 157 | 225.4 | 243 |
| EBITDA 1 | 15.47 | 8.959 | 9.099 | 22.54 | 14.74 | 23.5 | 49.08 | 54 |
| EBIT 1 | 12.86 | 4.581 | 3.401 | 16.21 | 6.118 | 16 | 41.35 | 45 |
| Operating Margin | 17.6% | 8.3% | 3.76% | 12.56% | 4.19% | 10.19% | 18.34% | 18.52% |
| Earnings before Tax (EBT) 1 | 13.28 | 8.865 | -2.751 | 11.47 | -4.154 | 16.5 | 40.5 | 45 |
| Net income 1 | 11.27 | 7.904 | 0.0531 | 7.957 | -3.733 | 12.5 | 33.3 | 35 |
| Net margin | 15.42% | 14.32% | 0.06% | 6.17% | -2.56% | 7.96% | 14.77% | 14.4% |
| EPS 2 | 868.4 | 594.0 | -1.000 | 539.0 | -140.0 | 774.5 | 2,178 | 2,099 |
| Free Cash Flow 3 | 4,745 | -1,920 | -10,364 | -36,694 | -25,083 | 29,000 | 25,800 | 18,000 |
| FCF margin | 6,494.4% | -3,478.09% | -11,472.59% | -28,445.39% | -17,193.88% | 18,471.34% | 11,444.29% | 7,407.41% |
| FCF Conversion (EBITDA) | 30,672.87% | - | - | - | - | 123,404.26% | 52,572.59% | 33,333.33% |
| FCF Conversion (Net income) | 42,106.61% | - | - | - | - | 232,000% | 77,477.48% | 51,428.57% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25.16 | 26.58 | 17.63 | 31.16 | 32.99 | 47.22 | 20.02 | 39.36 | 38.54 | 47.96 | 28.5 | 33.1 | 39.3 | 54.5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4.531 | -6.415 | -0.9331 | 3.332 | 4.242 | 9.565 | -4.316 | 3.331 | 4.008 | 3.095 | 3.3 | 3.9 | 2.3 | 4 |
| Operating Margin | 18.01% | -24.13% | -5.29% | 10.69% | 12.86% | 20.25% | -21.55% | 8.46% | 10.4% | 6.45% | 11.58% | 11.78% | 5.85% | 7.34% |
| Earnings before Tax (EBT) 1 | 6.332 | -10.78 | - | - | 3.984 | 8.448 | - | - | 3.92 | -7.146 | 1.9 | 4.1 | 10.2 | 18.9 |
| Net income 1 | 5.213 | -8.088 | - | - | 2.497 | 5.497 | -2.864 | 1.331 | 3.554 | -4.167 | 2.5 | 1.6 | 3.7 | 2.7 |
| Net margin | 20.72% | -30.42% | - | - | 7.57% | 11.64% | -14.3% | 3.38% | 9.22% | -8.69% | 8.77% | 4.83% | 9.41% | 4.95% |
| EPS | - | - | - | - | - | - | -190.0 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/18/22 | 5/13/22 | 7/19/22 | 10/31/22 | 2/14/23 | 5/12/23 | 8/11/23 | 11/13/23 | 2/15/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 47 | 58.2 | 36 | 27.8 | - |
| Net Cash position 1 | - | 16.7 | 26.8 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 2.084 x | 3.95 x | 1.532 x | 0.5665 x | - |
| Free Cash Flow 2 | 4,745 | -1,920 | -10,364 | -36,694 | -25,083 | 29,000 | 25,800 | 18,000 |
| ROE (net income / shareholders' equity) | 27% | 12.9% | -0.02% | 6.67% | -3.03% | 9.9% | 16.6% | 21% |
| ROA (Net income/ Total Assets) | 19.1% | 9.53% | -0.01% | 3.98% | -1.55% | 5.1% | 9.58% | 11.4% |
| Assets 1 | 59 | 82.93 | -552.8 | 199.8 | 240.9 | 245.1 | 347.6 | 307 |
| Book Value Per Share 3 | 4,324 | 4,907 | 7,217 | 8,300 | 8,327 | 7,957 | 11,204 | 11,041 |
| Cash Flow per Share 3 | 500.0 | - | 801.0 | -558.0 | -1,482 | 2,737 | 3,056 | 2,388 |
| Capex 1 | - | 4.82 | 21.5 | 31.3 | 2.29 | 14.4 | 23.7 | 22 |
| Capex / Sales | - | 8.74% | 23.84% | 24.28% | 1.57% | 9.17% | 10.49% | 9.05% |
| Announcement Date | 2/11/20 | 2/9/21 | 2/18/22 | 2/14/23 | 2/15/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
13,200
KRW
Average target price
33,400
KRW
Spread / Average Target
+153.03%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -42.23% | 147M | |
| -5.77% | 14.68B | |
| -40.71% | 2.71B | |
| -12.92% | 2.44B | |
| -8.78% | 1.51B | |
| -.--% | 1.12B | |
| +40.66% | 518M | |
| +11.68% | 239M | |
| +1.67% | 183M | |
| -.--% | 168M |
- Stock Market
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- A228670 Stock
- Financials Ray Co., Ltd.
