Financials TYM Corporation

Equities

A002900

KR7002900009

Heavy Machinery & Vehicles

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4,765 ^KRW	0.00%		+5.65%	-13.68%

Mar. 21	TYM Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	TYM Corporation 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
Capitalization ¹	148,852	192,362	260,619	423,576	236,957	204,547
Enterprise Value (EV) ²	148.9	192.4	260.6	608.4	237	294
P/E ratio	21.1 x	-	-	4.3 x	3.97 x	2.43 x
Yield	-	-	-	-	-	4.26%
Capitalization / Revenue	-	0.27 x	0.31 x	0.36 x	0.28 x	0.2 x
EV / Revenue	-	0.27 x	0.31 x	0.52 x	0.28 x	0.29 x
EV / EBITDA	-	-	-	4.42 x	2.55 x	2.37 x
EV / FCF	-	-	-	130 x	-	9.83 x
FCF Yield	-	-	-	0.77%	-	10.2%
Price to Book	-	-	-	1.31 x	-	0.44 x
Nbr of stocks (in thousands)	34,617	36,640	44,298	44,123	42,927	42,927
Reference price ³	4,300	5,250	5,883	9,600	5,520	4,765
Announcement Date	3/19/20	2/22/21	2/22/22	2/23/23	2/22/24	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Net sales ¹	-	713.3	840.6	1,167	837.9	1,003
EBITDA ¹	-	-	-	137.8	92.76	124
EBIT ¹	-	29.75	36.4	123.5	77.19	104.3
Operating Margin	-	4.17%	4.33%	10.58%	9.21%	10.4%
Earnings before Tax (EBT) ¹	-	-	-	124.3	71.9	112.8
Net income ¹	4.502	-	-	98.99	60.61	88.5
Net margin	-	-	-	8.48%	7.23%	8.83%
EPS ²	203.3	-	-	2,230	1,390	1,964
Free Cash Flow ³	-	-	-	4,682	-	29,900
FCF margin	-	-	-	401.11%	-	2,982.39%
FCF Conversion (EBITDA)	-	-	-	3,398.33%	-	24,122.63%
FCF Conversion (Net income)	-	-	-	4,729.57%	-	33,785.31%
Dividend per Share ²	-	-	-	-	-	203.0
Announcement Date	3/19/20	2/22/21	2/22/22	2/23/23	2/22/24	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q3
Net sales ¹	300.4	390.2	232.1	243.3	-	176.5
EBITDA	-	-	-	-	-	-
EBIT	36.27	56.74	24.33	4.647	-	-
Operating Margin	12.07%	14.54%	10.48%	1.91%	-	-
Earnings before Tax (EBT)	-	-	-	-16.63	-	-
Net income ¹	-	54.16	32.16	-13.62	31.16	6.291
Net margin	-	13.88%	13.86%	-5.6%	-	3.56%
EPS	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	5/3/22	8/2/22	11/2/22	2/23/23	5/9/23	11/14/23

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Net Debt ¹	-	-	-	185	-	89.5
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	1.342 x	-	0.7221 x
Free Cash Flow ²	-	-	-	4,682	-	29,900
ROE (net income / shareholders' equity)	-	-	21%	33.8%	16.9%	20.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	11.5%
Assets ¹	-	-	-	-	-	769.6
Book Value Per Share ³	-	-	-	7,340	-	10,875
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	-	-	16	-	26.1
Capex / Sales	-	-	-	1.37%	-	2.6%
Announcement Date	3/19/20	2/22/21	2/22/22	2/23/23	2/22/24	-

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

Ratings for TYM Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4,765 KRW

Average target price

8,050 KRW

Spread / Average Target

+68.94%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Agricultural Machinery

	1st Jan change	Capi.
TYM CORPORATION	-13.68%	149M
THE TORO COMPANY	-8.84%	9.14B
ESCORTS KUBOTA LIMITED	+10.34%	4.35B
BUCHER INDUSTRIES AG	+2.07%	4.04B
TÜRK TRAKTÖR VE ZIRAAT MAKINELERI	+27.11%	2.79B
FIRST TRACTOR COMPANY LIMITED	+64.52%	2.27B
LINDSAY CORPORATION	-10.00%	1.28B
AG GROWTH INTERNATIONAL INC.	+18.94%	834M
TÜMOSAN MOTOR VE TRAKTÖR SANAYI	+102.98%	603M
YAMABIKO CORPORATION	+39.37%	546M

Agricultural Machinery