Financials Seoul Broadcasting System

Equities

A034120

KR7034120006

Broadcasting

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
23,000 KRW 0.00% Intraday chart for Seoul Broadcasting System +0.88% -21.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Capitalization 1 367,953 416,601 873,005 611,192 426,613 -
Enterprise Value (EV) 2 641.5 685.1 1,150 779.1 462.6 408.6
P/E ratio 112 x -5.32 x 8.11 x 5.08 x 8.72 x 5.07 x
Yield 0.72% - 2.03% 2.89% 3.48% 4.57%
Capitalization / Revenue 0.49 x 0.55 x 0.96 x 0.6 x 0.46 x 0.4 x
EV / Revenue 0.85 x 0.91 x 1.26 x 0.77 x 0.5 x 0.38 x
EV / EBITDA 20.9 x 10 x 7.07 x 4.68 x 5.78 x 3.19 x
EV / FCF -14.2 x 13.9 x 13.9 x -26 x 12.9 x 7.05 x
FCF Yield -7.03% 7.18% 7.21% -3.84% 7.78% 14.2%
Price to Book 0.66 x 0.9 x 1.47 x 0.87 x 0.56 x 0.47 x
Nbr of stocks (in thousands) 17,690 17,690 17,690 17,690 18,548 -
Reference price 3 20,800 23,550 49,350 34,550 23,000 23,000
Announcement Date 1/30/20 1/27/21 1/26/22 3/9/23 - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Net sales 1 750.5 756.8 909.8 1,013 921.9 1,070
EBITDA 1 30.76 68.28 162.6 166.6 80 128
EBIT 1 5.985 44.9 140.8 143.3 57 101
Operating Margin 0.8% 5.93% 15.47% 14.16% 6.18% 9.43%
Earnings before Tax (EBT) 1 4.708 -102 137.6 162 64 106.5
Net income 1 3.279 -78.24 107.7 120.4 49 85
Net margin 0.44% -10.34% 11.83% 11.89% 5.32% 7.94%
EPS 2 185.0 -4,423 6,087 6,805 2,638 4,533
Free Cash Flow 3 -45,097 49,192 82,880 -29,915 36,000 58,000
FCF margin -6,009.04% 6,499.58% 9,109.26% -2,954.15% 3,904.98% 5,418.03%
FCF Conversion (EBITDA) - 72,040.48% 50,987.03% - 45,000% 45,312.5%
FCF Conversion (Net income) - - 76,972.39% - 73,469.39% 68,235.29%
Dividend per Share 2 150.0 - 1,000 1,000 800.0 1,050
Announcement Date 1/30/20 1/27/21 1/26/22 3/9/23 - -
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 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 272.9 239.4 234.4 220.7 203.4 354.2 188 235.9 210.9 185 233 269.5 234.3
EBITDA - - - - - - - - - - - - -
EBIT 1 76.36 -5.646 49.95 39.74 20.92 32.74 -6.915 17.62 6.464 -6 - - -
Operating Margin 27.98% -2.36% 21.31% 18.01% 10.29% 9.24% -3.68% 7.47% 3.07% -3.24% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 50.6 -6.156 34.58 48.75 17.08 19.96 1.033 14.09 5.214 -3 - - -
Net margin 18.54% -2.57% 14.75% 22.09% 8.4% 5.63% 0.55% 5.97% 2.47% -1.62% - - -
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 11/12/21 1/26/22 5/13/22 8/12/22 11/11/22 3/9/23 5/12/23 8/11/23 11/13/23 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Net Debt 1 274 268 277 168 36 -
Net Cash position 1 - - - - - 18
Leverage (Debt/EBITDA) 8.895 x 3.932 x 1.704 x 1.008 x 0.45 x -
Free Cash Flow 2 -45,097 49,192 82,880 -29,915 36,000 58,000
ROE (net income / shareholders' equity) 0.58% -15.1% 20% 18.5% 6.6% 9.35%
ROA (Net income/ Total Assets) 0.33% -7.58% 9.87% 9.95% 4.9% 6.4%
Assets 1 988.8 1,032 1,091 1,210 1,000 1,328
Book Value Per Share 3 31,696 26,181 33,596 39,922 40,993 48,987
Cash Flow per Share 3 -1,915 4,340 5,340 -17.90 2,963 4,374
Capex 1 11.2 6.63 11.6 29.6 30 26.5
Capex / Sales 1.5% 0.88% 1.27% 2.92% 3.25% 2.48%
Announcement Date 1/30/20 1/27/21 1/26/22 3/9/23 - -
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
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Quarterly revenue - Rate of surprise

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