Financials Shinsung E&G Co.,Ltd.

Equities

A011930

KR7011930005

Environmental Services & Equipment

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2,110 ^KRW	+0.24%		-0.47%	+3.43%

2023	Shinsung E&G Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2022	An unknown buyer agreed to acquire 20% stake in Synus Tech Co., Ltd. from Shinsung E&G Co.,Ltd. for KRW25.4 billion.	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	432,887	316,545	415,275	429,524	-	-
Enterprise Value (EV) ²	432.9	495.5	415.3	572.5	538.5	429.5
P/E ratio	-27.2 x	9.15 x	25.5 x	10.8 x	8.47 x	-
Yield	-	-	-	-	-	-
Capitalization / Revenue	-	0.48 x	0.72 x	0.5 x	0.42 x	0.37 x
EV / Revenue	-	0.75 x	0.72 x	0.67 x	0.53 x	0.37 x
EV / EBITDA	-	17.4 x	56.4 x	13.3 x	9.13 x	-
EV / FCF	-	-13.1 x	-	-17.9 x	53.9 x	-
FCF Yield	-	-7.63%	-	-5.59%	1.86%	-
Price to Book	-	1.5 x	-	1.57 x	1.33 x	-
Nbr of stocks (in thousands)	201,812	203,566	203,566	203,566	-	-
Reference price ³	2,145	1,555	2,040	2,110	2,110	2,110
Announcement Date	3/17/22	2/3/23	2/6/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	664.3	577.2	856	1,019	1,171
EBITDA ¹	-	28.45	7.365	43	59	-
EBIT ¹	-	21.4	6.857	34.6	50.4	53
Operating Margin	-	3.22%	1.19%	4.04%	4.95%	4.53%
Earnings before Tax (EBT) ¹	-	48.19	13.97	49	64	-
Net income ¹	-15.9	34.61	16.17	40	51	-
Net margin	-	5.21%	2.8%	4.67%	5.01%	-
EPS ²	-79.00	170.0	80.00	196.0	249.0	-
Free Cash Flow ³	-	-37,817	-	-32,000	10,000	-
FCF margin	-	-5,692.32%	-	-3,738.32%	981.74%	-
FCF Conversion (EBITDA)	-	-	-	-	16,949.15%	-
FCF Conversion (Net income)	-	-	-	-	19,607.84%	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	3/17/22	2/3/23	2/6/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	129.5	169.4	212.8	228.5	140.7	274
EBITDA	-	-	-	-	-	-
EBIT ¹	-	3.526	8.3	11.2	6.8	8.3
Operating Margin	-	2.08%	3.9%	4.9%	4.83%	3.03%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	-0.6551	-	-	-	-	-
Net margin	-0.51%	-	-	-	-	-
EPS	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	11/14/23	2/6/24	-	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	179	-	143	109	-
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	6.288 x	-	3.326 x	1.847 x	-
Free Cash Flow ²	-	-37,817	-	-32,000	10,000	-
ROE (net income / shareholders' equity)	-	16.8%	-	15.7%	17%	-
ROA (Net income/ Total Assets)	-	6.57%	-	6.5%	7.2%	-
Assets ¹	-	527.1	-	615.4	708.3	-
Book Value Per Share ³	-	1,036	-	1,343	1,592	-
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	13.8	-	14	15	16
Capex / Sales	-	2.08%	-	1.64%	1.47%	1.37%
Announcement Date	3/17/22	2/3/23	2/6/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Shinsung E&G Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,110 KRW

Average target price

2,300 KRW

Spread / Average Target

+9.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Environmental Services & Equipment

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