Financials SEKONIX Co., Ltd.

Equities

A053450

KR7053450003

Household Electronics

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
7,660 ^KRW	+0.66%		+8.04%	+9.12%

Mar. 21	SEKONIX Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	SEKONIX Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	76,118	90,937	132,240	78,554	102,691	112,053	-
Enterprise Value (EV) ¹	76,254	90,937	132,350	78,645	102,691	112,053	112,053
P/E ratio	-4.35 x	-2.86 x	106 x	-37.8 x	9.02 x	7.76 x	5.03 x
Yield	0.76%	-	-	-	-	-	-
Capitalization / Revenue	0.16 x	0.23 x	0.3 x	0.16 x	0.2 x	0.22 x	0.2 x
EV / Revenue	0.16 x	0.23 x	0.3 x	0.16 x	0.2 x	0.22 x	0.2 x
EV / EBITDA	2.5 x	-	-	1.92 x	2.21 x	2.23 x	1.98 x
EV / FCF	-26,192,257 x	-	8,448,066 x	6,187,596 x	-	-	-
FCF Yield	-0%	-	0%	0%	-	-	-
Price to Book	0.7 x	0.99 x	1.38 x	0.72 x	-	0.83 x	0.71 x
Nbr of stocks (in thousands)	11,639	12,578	14,628	14,628	14,628	14,628	-
Reference price ²	6,540	7,230	9,040	5,370	7,020	7,660	7,660
Announcement Date	3/11/20	3/8/21	3/8/22	3/2/23	2/29/24	-	-

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	462.2	387.1	441.2	479.6	502.4	504.7	565.1
EBITDA ¹	30.43	-	-	40.97	46.42	50.2	56.7
EBIT ¹	1.078	-10.84	9.392	6.156	16.17	19.3	29
Operating Margin	0.23%	-2.8%	2.13%	1.28%	3.22%	3.82%	5.13%
Earnings before Tax (EBT) ¹	-17.85	-21.57	3.029	-0.6702	14.77	18.3	28.1
Net income ¹	-17.49	-23.45	1.217	-2.082	11.75	14.6	22.5
Net margin	-3.78%	-6.06%	0.28%	-0.43%	2.34%	2.89%	3.98%
EPS ²	-1,503	-2,531	85.00	-142.0	778.0	987.0	1,522
Free Cash Flow	-2,906	-	15,653	12,695	-	-	-
FCF margin	-628.7%	-	3,548.12%	2,646.99%	-	-	-
FCF Conversion (EBITDA)	-	-	-	30,986.54%	-	-	-
FCF Conversion (Net income)	-	-	1,286,026.99%	-	-	-	-
Dividend per Share	50.00	-	-	-	-	-	-
Announcement Date	3/11/20	3/8/21	3/8/22	3/2/23	2/29/24	-	-

¹KRW in Billions²KRW

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	126.3	-	120.7	-	133.2	125.1
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	-0.746	-	-	-	4.594	3.878
Operating Margin	-	-0.59%	-	-	-	3.45%	3.1%
Earnings before Tax (EBT) ¹	-	-	-	-	-	2.319	4.156
Net income ¹	1.785	-	1.848	1.382	2.777	1.226	3.513
Net margin	-	-	-	1.15%	-	0.92%	2.81%
EPS	124.0	-	126.0	-	190.0	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/12/21	3/8/22	5/17/22	8/16/22	8/14/23	11/14/23	2/29/24

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	136	-	110	90.7	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.483 x	-	-	2.214 x	-	-	-
Free Cash Flow	-2,906	-	15,653	12,695	-	-	-
ROE (net income / shareholders' equity)	-14.7%	-23.2%	1.37%	-1.99%	10%	11.3%	15.3%
ROA (Net income/ Total Assets)	-4.63%	-	0.37%	-0.7%	-	-	-
Assets ¹	377.9	-	325.7	295.3	-	-	-
Book Value Per Share ²	9,394	7,333	6,565	7,457	-	9,199	10,721
Cash Flow per Share ²	-	-	-	-	-	3,396	3,832
Capex ¹	25.9	-	27.4	21.9	-	20	18
Capex / Sales	5.61%	-	6.22%	4.56%	-	3.96%	3.19%
Announcement Date	3/11/20	3/8/21	3/8/22	3/2/23	2/29/24	-	-

¹KRW in Billions²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for SEKONIX Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7,660 KRW

Average target price

9,500 KRW

Spread / Average Target

+24.02%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Photographic Equipment

	1st Jan change	Capi.
SEKONIX CO., LTD.	+9.12%	80.88M
LARGAN PRECISION CO.,LTD	-23.34%	8.94B
NIKON CORPORATION	+16.55%	3.54B
GENIUS ELECTRONIC OPTICAL CO., LTD	+3.45%	1.47B
APPOTRONICS CORPORATION LIMITED	-23.03%	1.25B
OPT MACHINE VISION TECH CO., LTD.	-31.62%	1.23B
NEXTVISION STABILIZED SYSTEMS, LTD.	+58.52%	999M
XIAMEN LEADING OPTICS CO., LTD.	-23.73%	987M
ABILITY OPTO-ELECTRONICS TECHNOLOGY CO.,LTD.	+18.50%	880M
TAMRON CO.,LTD.	+19.55%	833M

Photographic Equipment