KOREA AIRPORT SERVICE CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 66,400 KRW | -1.48% |
|
-7.13% | +34.14% |
| 2023 | Korea Airport Service Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
| 2022 | Korea Airport Service Co.,Ltd. Auditor Raises 'Going Concern' Doubt | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 130,587 | 138,233 | 115,143 | 134,103 | 123,093 | 151,381 |
| Enterprise Value (EV) 1 | 40,738 | 76,755 | 40,334 | 39,004 | 10,324 | 51,028 |
| P/E ratio | 6.93 x | 8.5 x | -2.43 x | 41.3 x | 21.3 x | 4.82 x |
| Yield | 2.34% | 2.21% | - | - | - | 2.02% |
| Capitalization / Revenue | 0.25 x | 0.26 x | 0.39 x | 0.39 x | 0.31 x | 0.28 x |
| EV / Revenue | 0.08 x | 0.15 x | 0.13 x | 0.11 x | 0.03 x | 0.09 x |
| EV / EBITDA | 1 x | 1.59 x | -1.67 x | 1.83 x | 0.44 x | 0.89 x |
| EV / FCF | 10.4 x | 2.67 x | 1.16 x | -7.97 x | 0.57 x | 2.2 x |
| FCF Yield | 9.65% | 37.4% | 86.2% | -12.6% | 176% | 45.4% |
| Price to Book | 0.41 x | 0.43 x | 0.42 x | 0.46 x | 0.36 x | 0.43 x |
| Nbr of stocks (in thousands) | 3,058 | 3,058 | 3,058 | 3,058 | 3,058 | 3,058 |
| Reference price 2 | 42,700 | 45,200 | 37,650 | 43,850 | 40,250 | 49,500 |
| Announcement Date | 3/18/19 | 3/17/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/6/24 |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 526,113 | 528,998 | 298,901 | 345,532 | 400,521 | 544,725 |
| EBITDA 1 | 40,875 | 48,313 | -24,150 | 21,268 | 23,683 | 57,085 |
| EBIT 1 | 24,692 | 22,041 | -48,956 | -902.5 | 2,593 | 33,969 |
| Operating Margin | 4.69% | 4.17% | -16.38% | -0.26% | 0.65% | 6.24% |
| Earnings before Tax (EBT) 1 | 24,292 | 21,348 | -53,307 | 410.5 | 6,806 | 39,897 |
| Net income 1 | 18,836 | 16,263 | -47,459 | 3,251 | 5,774 | 31,423 |
| Net margin | 3.58% | 3.07% | -15.88% | 0.94% | 1.44% | 5.77% |
| EPS 2 | 6,159 | 5,318 | -15,519 | 1,063 | 1,888 | 10,275 |
| Free Cash Flow 1 | 3,933 | 28,732 | 34,758 | -4,896 | 18,135 | 23,192 |
| FCF margin | 0.75% | 5.43% | 11.63% | -1.42% | 4.53% | 4.26% |
| FCF Conversion (EBITDA) | 9.62% | 59.47% | - | - | 76.57% | 40.63% |
| FCF Conversion (Net income) | 20.88% | 176.67% | - | - | 314.06% | 73.81% |
| Dividend per Share 2 | 1,000 | 1,000 | - | - | - | 1,000 |
| Announcement Date | 3/18/19 | 3/17/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/6/24 |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|
| Net sales 1 | 112.1 | 132.4 | 147.4 |
| EBITDA | - | - | - |
| EBIT 1 | -5.216 | 12.05 | 20.77 |
| Operating Margin | -4.65% | 9.1% | 14.09% |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | -2.916 | 10.64 | 17.33 |
| Net margin | -2.6% | 8.03% | 11.76% |
| EPS | - | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 5/9/23 | 8/10/23 | 11/13/23 |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 89,849 | 61,478 | 74,809 | 95,099 | 112,769 | 100,354 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,933 | 28,732 | 34,758 | -4,896 | 18,135 | 23,192 |
| ROE (net income / shareholders' equity) | 5.93% | 5.07% | -14.4% | 0.19% | 1.84% | 9.14% |
| ROA (Net income/ Total Assets) | 3.67% | 3.1% | -6.88% | -0.14% | 0.4% | 4.73% |
| Assets 1 | 513,121 | 524,853 | 690,309 | -2,332,143 | 1,434,630 | 664,508 |
| Book Value Per Share 2 | 104,347 | 105,627 | 89,114 | 94,851 | 110,940 | 113,947 |
| Cash Flow per Share 2 | 5,184 | 7,064 | 41,650 | 34,655 | 12,130 | 13,197 |
| Capex 1 | 11,018 | 10,838 | 7,411 | 8,263 | 13,606 | 24,052 |
| Capex / Sales | 2.09% | 2.05% | 2.48% | 2.39% | 3.4% | 4.42% |
| Announcement Date | 3/18/19 | 3/17/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/6/24 |
1KRW in Million2KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +34.14% | 149M | |
| +10.66% | 29.34B | |
| +8.11% | 13.7B | |
| +10.74% | 12.68B | |
| +16.68% | 10.48B | |
| +7.51% | 9.48B | |
| -13.64% | 6.92B | |
| +9.28% | 6.46B | |
| +3.97% | 6.03B | |
| +41.30% | 3.68B |
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