SM ENTERTAINMENT CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 81,000 KRW | -1.82% |
|
+3.71% | -12.05% |
| Apr. 26 | K-pop giant HYBE shares take another hit as dispute with NewJeans label drags on | RE |
| Apr. 24 | Record giant HYBE audits 'NewJeans' label as infighting returns to K-pop | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 900,269 | 696,731 | 1,736,370 | 1,813,519 | 2,158,701 | 1,878,980 | - | - |
| Enterprise Value (EV) 2 | 615.8 | 427.9 | 1,343 | 1,513 | 1,898 | 1,419 | 1,338 | 1,203 |
| P/E ratio | -98.3 x | -9.91 x | 12.9 x | 21.1 x | 24.8 x | 15.3 x | 13 x | 12.5 x |
| Yield | - | - | - | 1.56% | 1.3% | 1.6% | 1.79% | 1.81% |
| Capitalization / Revenue | 1.37 x | 1.2 x | 2.48 x | 2.14 x | 2.25 x | 1.76 x | 1.58 x | 1.44 x |
| EV / Revenue | 0.94 x | 0.74 x | 1.91 x | 1.78 x | 1.98 x | 1.33 x | 1.12 x | 0.92 x |
| EV / EBITDA | 5.91 x | 5.47 x | 10.2 x | 9.8 x | 11.1 x | 7.16 x | 5.84 x | 5.2 x |
| EV / FCF | 7.85 x | 11.5 x | 13.4 x | 16.8 x | 20.2 x | 10.2 x | 8.72 x | 7.11 x |
| FCF Yield | 12.7% | 8.71% | 7.47% | 5.95% | 4.94% | 9.84% | 11.5% | 14.1% |
| Price to Book | 2.03 x | 1.61 x | 2.8 x | 2.6 x | 3.04 x | 2.25 x | 1.95 x | 1.77 x |
| Nbr of stocks (in thousands) | 23,414 | 23,420 | 23,401 | 23,644 | 23,439 | 23,197 | - | - |
| Reference price 3 | 38,450 | 29,750 | 74,200 | 76,700 | 92,100 | 81,000 | 81,000 | 81,000 |
| Announcement Date | 3/10/20 | 3/11/21 | 2/24/22 | 2/20/23 | 2/7/24 | - | - | - |
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 | 657.8 | 579.9 | 701.5 | 848.4 | 960 | 1,066 | 1,193 | 1,308 |
| EBITDA 1 | 104.1 | 78.23 | 131.5 | 154.4 | 171.5 | 198.3 | 229.1 | 231.2 |
| EBIT 1 | 40.4 | 6.495 | 68.47 | 93.51 | 115.4 | 148.4 | 180.1 | 201.7 |
| Operating Margin | 6.14% | 1.12% | 9.76% | 11.02% | 12.02% | 13.93% | 15.1% | 15.42% |
| Earnings before Tax (EBT) 1 | 10.96 | -40.57 | 150.6 | 125.3 | 138.4 | 166.9 | 204.2 | 213 |
| Net income 1 | -9.101 | -70.16 | 127.1 | 89.14 | 115.8 | 125 | 146.9 | 153.7 |
| Net margin | -1.38% | -12.1% | 18.12% | 10.51% | 12.06% | 11.73% | 12.31% | 11.75% |
| EPS 2 | -391.0 | -3,002 | 5,736 | 3,638 | 3,718 | 5,297 | 6,241 | 6,503 |
| Free Cash Flow 3 | 78,497 | 37,284 | 100,400 | 90,106 | 93,846 | 139,522 | 153,450 | 169,333 |
| FCF margin | 11,932.73% | 6,429.58% | 14,311.42% | 10,620.48% | 9,775.82% | 13,092.25% | 12,864.53% | 12,947.71% |
| FCF Conversion (EBITDA) | 75,376.19% | 47,661.36% | 76,343.75% | 58,377.09% | 54,728.52% | 70,374.79% | 66,983.34% | 73,237.77% |
| FCF Conversion (Net income) | - | - | 78,973.41% | 101,087.65% | 81,036.68% | 111,611.4% | 104,479.14% | 110,195.23% |
| Dividend per Share 2 | - | - | - | 1,200 | 1,200 | 1,293 | 1,451 | 1,467 |
| Announcement Date | 3/10/20 | 3/11/21 | 2/24/22 | 2/20/23 | 2/7/24 | - | - | - |
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 | 154.4 | 206.5 | 169.4 | 184.4 | 238.1 | 256.4 | 203.9 | 239.8 | 266.3 | 251.1 | 220.8 | 267.2 | 266.2 | 304 |
| EBITDA | - | - | - | - | - | 43.74 | - | - | - | 26.75 | - | - | - | - |
| EBIT 1 | 14.07 | 11.52 | 19.22 | 19.38 | 29.76 | 25.16 | 18.26 | 35.66 | 50.52 | 9.028 | 26.56 | 41.35 | 42.27 | 39.16 |
| Operating Margin | 9.12% | 5.58% | 11.34% | 10.51% | 12.5% | 9.81% | 8.96% | 14.87% | 18.97% | 3.6% | 12.03% | 15.48% | 15.88% | 12.88% |
| Earnings before Tax (EBT) 1 | 22.65 | 87.88 | 35.37 | 36.82 | 39.63 | 13.48 | 29.24 | 40.26 | 101.1 | -51.7 | 31.13 | 45.15 | 44.2 | 37.5 |
| Net income 1 | 15.46 | 87.42 | 27.59 | 24.61 | 25.64 | 11.3 | 21.34 | 25.4 | 83.29 | -42.74 | 19.9 | 32.48 | 34.63 | 30.93 |
| Net margin | 10.02% | 42.33% | 16.28% | 13.34% | 10.77% | 4.41% | 10.47% | 10.59% | 31.28% | -17.02% | 9.01% | 12.16% | 13.01% | 10.17% |
| EPS | 662.0 | - | 1,174 | - | - | - | - | 1,084 | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 2/24/22 | 5/16/22 | 8/16/22 | 11/14/22 | 2/20/23 | 5/11/23 | 8/2/23 | 11/8/23 | 2/7/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 284 | 269 | 393 | 300 | 261 | 460 | 541 | 676 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 78,497 | 37,284 | 100,400 | 90,106 | 93,846 | 139,522 | 153,450 | 169,333 |
| ROE (net income / shareholders' equity) | -2.68% | -12.9% | 25.5% | 10.6% | 12.6% | 15.3% | 15.8% | 15.4% |
| ROA (Net income/ Total Assets) | -1.53% | -7.36% | 11.2% | 6.41% | 7.71% | 7.63% | 8.33% | 8.4% |
| Assets 1 | 595.6 | 953.8 | 1,135 | 1,390 | 1,502 | 1,638 | 1,763 | 1,829 |
| Book Value Per Share 3 | 18,970 | 18,477 | 26,533 | 29,467 | 30,318 | 35,952 | 41,481 | 45,725 |
| Cash Flow per Share 3 | 3,948 | 1,943 | 5,277 | 4,659 | 4,813 | 8,062 | 9,021 | 11,460 |
| Capex 1 | 13.5 | 8.11 | 22.2 | 24 | 19.1 | 42.3 | 55.1 | 39.1 |
| Capex / Sales | 2.04% | 1.4% | 3.16% | 2.83% | 1.99% | 3.97% | 4.62% | 2.99% |
| Announcement Date | 3/10/20 | 3/11/21 | 2/24/22 | 2/20/23 | 2/7/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
81,000
KRW
Average target price
117,789
KRW
Spread / Average Target
+45.42%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.05% | 1.37B | |
| -13.70% | 6.1B | |
| +5.24% | 2.59B | |
| -34.16% | 1.61B | |
| +42.86% | 1.55B | |
| -6.29% | 369M | |
| +36.33% | 181M | |
| -6.10% | 162M | |
| -10.20% | 130M |
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- Financials SM Entertainment Co., Ltd.
