Financials Seoul Semiconductor Co., Ltd.

Equities

A046890

KR7046890000

Semiconductors

End-of-day quote Korea S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
9,830 KRW +3.04% Intraday chart for Seoul Semiconductor Co., Ltd. +2.40% -3.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 932,681 1,179,689 868,273 569,452 572,834 554,229 - -
Enterprise Value (EV) 2 1,071 1,351 1,100 761.1 572.8 775.7 758.9 544.1
P/E ratio 27 x 66.3 x 17.5 x -505 x - 40.3 x 25.4 x -
Yield 0.96% 0.76% 2.99% 2.18% - 1.93% 1.87% 8.83%
Capitalization / Revenue 0.83 x 1.02 x 0.67 x 0.51 x 0.55 x 0.51 x 0.48 x 0.42 x
EV / Revenue 0.95 x 1.17 x 0.85 x 0.69 x 0.55 x 0.72 x 0.66 x 0.42 x
EV / EBITDA 8.38 x 9.68 x 7.83 x 14.7 x - 8.44 x 5.97 x 3.21 x
EV / FCF 11.3 x 41.9 x -25.5 x 7.15 x - 43.1 x 28.1 x -
FCF Yield 8.87% 2.39% -3.93% 14% - 2.32% 3.56% -
Price to Book 1.41 x 1.76 x 1.19 x 0.81 x - 0.82 x 0.78 x 0.73 x
Nbr of stocks (in thousands) 57,396 57,406 56,381 56,381 56,381 56,381 - -
Reference price 3 16,250 20,550 15,400 10,100 10,160 9,830 9,830 9,830
Announcement Date 2/12/20 2/8/21 2/10/22 2/9/23 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 1,127 1,153 1,301 1,109 1,033 1,082 1,158 1,311
EBITDA 1 127.8 139.6 140.6 51.73 - 91.9 127.2 169.6
EBIT 1 49.6 59.5 66.42 -33.44 -48.21 22.81 49.42 95.89
Operating Margin 4.4% 5.16% 5.11% -3.01% -4.67% 2.11% 4.27% 7.31%
Earnings before Tax (EBT) 1 48.8 54.1 75.83 -30.78 -62.03 7 29 -
Net income 1 37.14 28.43 49.65 -1.1 - 10 21 -
Net margin 3.3% 2.47% 3.82% -0.1% - 0.92% 1.81% -
EPS 2 601.0 310.0 878.0 -20.00 - 243.8 387.3 -
Free Cash Flow 3 95,070 32,244 -43,203 106,497 - 18,000 27,000 -
FCF margin 8,434.75% 2,796.41% -3,321.98% 9,599.32% - 1,663.4% 2,330.7% -
FCF Conversion (EBITDA) 74,364.3% 23,102.28% - 205,880.29% - 19,586.11% 21,232.25% -
FCF Conversion (Net income) 255,984.05% 113,415.8% - - - 180,000% 128,571.43% -
Dividend per Share 2 156.0 157.0 460.0 220.0 - 189.2 184.0 867.8
Announcement Date 2/12/20 2/8/21 2/10/22 2/9/23 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 1 340.2 313 287.6 293.6 281.8 244.6 221 257.2 283.9 271 243 270.2 292.5 286.1
EBITDA 1 44.39 13.58 - - 10.85 1.592 8.53 20.06 9.291 - 9.405 13.99 24.45 27.56
EBIT 1 23.98 -3.197 -7.004 3.697 -11.83 -20.95 -13.8 -4.093 -13.46 -18.15 -6.35 4.1 8.5 6.1
Operating Margin 7.05% -1.02% -2.44% 1.26% -4.2% -8.56% -6.24% -1.59% -4.74% -6.7% -2.55% 1.52% 2.91% 2.13%
Earnings before Tax (EBT) 1 34.1 -10.57 -4.108 12.41 6.07 -47.16 -12.75 -4.276 -16.57 -29.85 -7.9 -4.3 4.8 4.4
Net income 1 23.52 -4.632 5.133 16.55 1.319 -37.92 1.895 2.987 -1.613 - -6.3 -3.4 3.9 3.5
Net margin 6.91% -1.48% 1.79% 5.64% 0.47% -15.5% 0.86% 1.16% -0.57% - -2.53% -1.26% 1.33% 1.22%
EPS 2 417.0 -81.00 91.00 294.0 268.0 -673.0 32.00 - -29.00 - -88.43 -75.04 21.68 49.67
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/5/21 2/10/22 5/16/22 8/16/22 11/10/22 2/9/23 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 1 139 172 232 192 - 222 205 -
Net Cash position 1 - - - - - - - 10.1
Leverage (Debt/EBITDA) 1.085 x 1.231 x 1.65 x 3.704 x - 2.41 x 1.609 x -
Free Cash Flow 2 95,070 32,244 -43,203 106,497 - 18,000 27,000 -
ROE (net income / shareholders' equity) 5.27% 2.64% 7.03% -6.68% - 2.36% 5.43% 9.37%
ROA (Net income/ Total Assets) 2.64% 1.34% 3.49% -0.08% - 0.4% 2.37% -
Assets 1 1,408 2,122 1,422 1,401 - 2,500 887.3 -
Book Value Per Share 3 11,517 11,654 12,942 12,504 - 11,918 12,610 13,474
Cash Flow per Share 3 2,951 1,566 1,741 2,761 - 1,411 1,659 -
Capex 1 74.4 57.6 142 49.2 - 60 78 -
Capex / Sales 6.6% 4.99% 10.89% 4.43% - 5.54% 6.73% -
Announcement Date 2/12/20 2/8/21 2/10/22 2/9/23 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-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
9,830 KRW
Average target price
11,000 KRW
Spread / Average Target
+11.90%
Consensus
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