Financials Motrex Co., Ltd

Equities

A118990

KR7118990001

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. Other stock markets 18:00:00 2024-05-15 EDT			5-day change	1st Jan Change
13,420 ^KRW	+0.98%		-4.76%	-24.82%

2023	Motrex Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2023	Immersion Signs Haptic Feedback License Agreement with Motrex	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	262,556	332,228	442,591	332,749	-
Enterprise Value (EV) ²	262.6	494.8	442.6	417.7	386.4
P/E ratio	22 x	8.61 x	13.4 x	5.35 x	6.17 x
Yield	-	-	-	2.81%	2.93%
Capitalization / Revenue	-	0.58 x	0.83 x	0.44 x	0.39 x
EV / Revenue	-	0.87 x	0.83 x	0.56 x	0.46 x
EV / EBITDA	-	6.28 x	6.15 x	3.87 x	3.85 x
EV / FCF	-	18.3 x	-	7.07 x	7.89 x
FCF Yield	-	5.46%	-	14.1%	12.7%
Price to Book	-	1.9 x	-	1.22 x	1.05 x
Nbr of stocks (in thousands)	24,014	24,429	24,795	24,795	-
Reference price ³	10,933	13,600	17,850	13,420	13,420
Announcement Date	22-03-17	23-02-22	24-03-15	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	568.5	531	751.9	844.3
EBITDA ¹	-	78.8	71.94	108	100.5
EBIT ¹	-	58.82	53.19	88.3	81.5
Operating Margin	-	10.35%	10.02%	11.74%	9.65%
Earnings before Tax (EBT) ¹	-	47.08	44.18	76.5	67.1
Net income ¹	11.67	38.5	32.54	61.4	53.2
Net margin	-	6.77%	6.13%	8.17%	6.3%
EPS ²	496.7	1,579	1,329	2,507	2,174
Free Cash Flow ³	-	27,009	-	59,100	49,000
FCF margin	-	4,750.93%	-	7,860.09%	5,803.62%
FCF Conversion (EBITDA)	-	34,273.82%	-	54,722.22%	48,756.22%
FCF Conversion (Net income)	-	70,154.92%	-	96,254.07%	92,105.26%
Dividend per Share ²	-	-	-	377.0	393.0
Announcement Date	22-03-17	23-02-22	24-03-15	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	170.1	146.1	150.9	127.9	106.1
EBITDA	-	-	-	-	-	-
EBIT ¹	-	22.78	15.01	17.82	17.73	2.631
Operating Margin	-	13.39%	10.27%	11.81%	13.86%	2.48%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	10.86	-	-	12.38	10.25	-2.227
Net margin	-	-	-	8.21%	8.01%	-2.1%
EPS	444.0	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	22-08-11	23-02-22	23-05-09	23-08-09	23-11-10	24-03-15

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	163	-	85	53.7
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.063 x	-	0.787 x	0.5343 x
Free Cash Flow ²	-	27,009	-	59,100	49,000
ROE (net income / shareholders' equity)	-	24.9%	-	25.2%	18.2%
ROA (Net income/ Total Assets)	-	8.03%	-	11.1%	9.1%
Assets ¹	-	479.2	-	553.2	584.6
Book Value Per Share ³	-	7,143	-	11,032	12,818
Cash Flow per Share	-	1,737	-	-	-
Capex ¹	-	15.4	-	16	15
Capex / Sales	-	2.71%	-	2.13%	1.78%
Announcement Date	22-03-17	23-02-22	24-03-15	-	-

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 Motrex Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13,420 KRW

Average target price

25,000 KRW

Spread / Average Target

+86.29%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Automotive Systems

	1st Jan change	Capi.
MOTREX CO., LTD	-24.82%	247M
BREMBO N.V.	-0.50%	3.88B
BETHEL AUTOMOTIVE SAFETY SYSTEMS CO., LTD	-21.86%	3.25B
JTEKT CORPORATION	-1.55%	2.63B
NHK SPRING CO., LTD.	+51.46%	2.5B
HANON SYSTEMS	-27.30%	2.1B
IMOTION AUTOMOTIVE TECHNOLOGY (SUZHOU) CO., LTD.	+76.56%	1.73B
NEXTEER AUTOMOTIVE GROUP LIMITED	-10.55%	1.43B
AOTECAR NEW ENERGY TECHNOLOGY CO., LTD.	-17.54%	1.2B
ZHEJIANG VIE SCIENCE & TECHNOLOGY CO., LTD.	+44.33%	1.09B

Automotive Systems