Financials Zinus, Inc

Equities

A013890

KR7013890009

Home Furnishings

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12,240 KRW +0.33% Intraday chart for Zinus, Inc +0.99% -24.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,255,429 1,434,155 1,174,477 640,350 328,026 246,928 -
Enterprise Value (EV) 2 1,302 1,531 1,328 823.9 328 384.9 451.4
P/E ratio 16.4 x 28.7 x 23.3 x 21.4 x 62.5 x 17.9 x 6.62 x
Yield 1.35% 0.85% 1.1% 1.51% - 1.67% 3.7%
Capitalization / Revenue 1.54 x 1.45 x 1.05 x 0.55 x 0.34 x 0.25 x 0.23 x
EV / Revenue 1.59 x 1.55 x 1.18 x 0.71 x 0.34 x 0.39 x 0.43 x
EV / EBITDA 10.6 x 13.8 x 12.5 x 7.63 x 5.34 x 5.5 x 5.07 x
EV / FCF -19.5 x -22.4 x 58.1 x -8.57 x - 10.4 x 23.2 x
FCF Yield -5.14% -4.47% 1.72% -11.7% - 9.61% 4.32%
Price to Book 3.36 x 3.15 x 2.55 x 1.03 x - 0.4 x 0.37 x
Nbr of stocks (in thousands) 18,006 18,533 18,432 20,125 20,124 20,174 -
Reference price 3 69,722 77,385 63,719 31,818 16,300 12,240 12,240
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 817.1 989.5 1,124 1,160 952.3 980 1,054
EBITDA 1 123 111.3 106.6 108 61.47 70 89
EBIT 1 103.9 86.72 74.34 65.56 18.34 26 47
Operating Margin 12.71% 8.76% 6.61% 5.65% 1.93% 2.65% 4.46%
Earnings before Tax (EBT) 1 92.46 57.45 70.17 43.56 0.625 18 48.5
Net income 1 72.43 45.79 51.66 29.37 5.297 14 38
Net margin 8.86% 4.63% 4.6% 2.53% 0.56% 1.43% 3.6%
EPS 2 4,260 2,697 2,736 1,490 261.0 682.0 1,848
Free Cash Flow 3 -66,934 -68,385 22,853 -96,156 - 37,000 19,500
FCF margin -8,191.28% -6,910.91% 2,033.45% -8,292.13% - 3,775.51% 1,849.22%
FCF Conversion (EBITDA) - - 21,446.04% - - 52,857.14% 21,910.11%
FCF Conversion (Net income) - - 44,239.39% - - 264,285.71% 51,315.79%
Dividend per Share 2 939.1 661.2 702.5 481.8 - 205.0 452.5
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - -
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 1 275.1 323.1 290.8 264.2 286.2 318.4 229.1 219.5 221.5 282.2 243 230 231 291
EBITDA - - - - - - - - - - - - - -
EBIT 1 19.69 16.23 28.35 9.244 10.58 17.39 8.329 5.16 3.162 1.691 12 9 6 13
Operating Margin 7.16% 5.02% 9.75% 3.5% 3.7% 5.46% 3.64% 2.35% 1.43% 0.6% 4.94% 3.91% 2.6% 4.47%
Earnings before Tax (EBT) 23.09 - - - - - - - - -12.72 - 7 - 39
Net income 1 17.75 6.497 18.68 4.304 11.67 -5.282 5.44 5.5 1.333 -6.976 3 5 - 29
Net margin 6.45% 2.01% 6.42% 1.63% 4.08% -1.66% 2.37% 2.51% 0.6% -2.47% 1.23% 2.17% - 9.97%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/28/21 3/7/22 5/16/22 8/5/22 11/7/22 2/7/23 5/8/23 8/7/23 11/6/23 2/6/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 46.8 97.3 153 184 - 138 205
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 0.3804 x 0.8741 x 1.437 x 1.7 x - 1.971 x 2.298 x
Free Cash Flow 2 -66,934 -68,385 22,853 -96,156 - 37,000 19,500
ROE (net income / shareholders' equity) 26.3% 11.6% 11.6% 5.32% - 2.2% 5.65%
ROA (Net income/ Total Assets) 11.4% 5.54% 5.39% - - 5.8% 6.55%
Assets 1 634.9 825.9 957.7 - - 241.4 580.2
Book Value Per Share 3 20,779 24,574 25,014 31,029 - 30,656 32,722
Cash Flow per Share -1,297 411.0 4,606 -936.0 - - -
Capex 1 44.9 75.4 65.2 77.7 - 20 25.5
Capex / Sales 5.49% 7.62% 5.8% 6.7% - 2.04% 2.42%
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
12,240 KRW
Average target price
19,000 KRW
Spread / Average Target
+55.23%
Consensus

Quarterly revenue - Rate of surprise