POSCO FUTURE M CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 269,000 KRW | +4.06% |
|
+4.26% | -25.07% |
| 06-28 | Posco Future M Secures Deal to Provide Cathode, Anode Materials for GM's Cadillac LYRIQ | MT |
| 05-14 | Posco Future M Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,003,670 | 6,342,775 | 11,154,704 | 13,933,293 | 27,793,586 | 20,825,821 | - | - |
| Enterprise Value (EV) 2 | 3,196 | 6,753 | 11,027 | 14,793 | 30,302 | 24,847 | 26,045 | 27,179 |
| P/E ratio | 29.5 x | 214 x | 82.1 x | 118 x | 968 x | 167 x | 64.4 x | 47.2 x |
| Yield | 0.81% | 0.38% | 0.21% | 0.17% | 0.08% | 0.1% | 0.12% | 0.11% |
| Capitalization / Revenue | 2.02 x | 4.05 x | 5.61 x | 4.22 x | 5.84 x | 4.35 x | 2.68 x | 2.07 x |
| EV / Revenue | 2.15 x | 4.31 x | 5.54 x | 4.48 x | 6.37 x | 5.19 x | 3.35 x | 2.7 x |
| EV / EBITDA | 27.4 x | 54.2 x | 54.4 x | 57.3 x | 175 x | 55.9 x | 33.5 x | 26.4 x |
| EV / FCF | -13 x | -33.1 x | -24.6 x | -20.5 x | -16.9 x | -14.1 x | -16.4 x | -25.5 x |
| FCF Yield | -7.7% | -3.03% | -4.07% | -4.87% | -5.93% | -7.11% | -6.11% | -3.91% |
| Price to Book | 2.98 x | 6.34 x | 4.61 x | 5.64 x | 11.8 x | 8.51 x | 7.47 x | 6.78 x |
| Nbr of stocks (in thousands) | 60,988 | 60,988 | 77,463 | 77,407 | 77,419 | 77,419 | - | - |
| Reference price 3 | 49,250 | 104,000 | 144,000 | 180,000 | 359,000 | 269,000 | 269,000 | 269,000 |
| Announcement Date | 1/31/20 | 1/27/21 | 1/26/22 | 1/27/23 | 1/23/24 | - | - | - |
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 | 1,484 | 1,566 | 1,990 | 3,302 | 4,760 | 4,784 | 7,768 | 10,061 |
| EBITDA 1 | 116.4 | 124.7 | 202.9 | 258.1 | 173.5 | 444.3 | 777.6 | 1,030 |
| EBIT 1 | 89.86 | 60.27 | 121.7 | 165.9 | 35.88 | 159.9 | 403.4 | 588.6 |
| Operating Margin | 6.06% | 3.85% | 6.12% | 5.02% | 0.75% | 3.34% | 5.19% | 5.85% |
| Earnings before Tax (EBT) 1 | 113 | 34.74 | 146 | 133.9 | -16.09 | 127.5 | 413.3 | 527.9 |
| Net income 1 | 101 | 29.75 | 134.2 | 118.3 | 28.72 | 113.9 | 330.7 | 420.9 |
| Net margin | 6.81% | 1.9% | 6.74% | 3.58% | 0.6% | 2.38% | 4.26% | 4.18% |
| EPS 2 | 1,672 | 485.0 | 1,753 | 1,527 | 371.0 | 1,613 | 4,178 | 5,702 |
| Free Cash Flow 3 | -245,939 | -204,321 | -448,492 | -720,100 | -1,797,145 | -1,766,037 | -1,591,230 | -1,064,062 |
| FCF margin | -16,575.26% | -13,045.33% | -22,542.49% | -21,808.56% | -37,756.16% | -36,915.21% | -20,484.9% | -10,575.73% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 400.0 | 400.0 | 300.0 | 300.0 | 300.0 | 282.0 | 313.7 | 301.4 |
| Announcement Date | 1/31/20 | 1/27/21 | 1/26/22 | 1/27/23 | 1/23/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 537.3 | 664.6 | 803.2 | 1,053 | 780.8 | 1,135 | 1,193 | 1,286 | 1,146 | 1,138 | 1,058 | 1,215 | 1,346 | 1,591 | 1,800 |
| EBITDA 1 | 41.12 | 46.49 | 77.98 | 106 | 27.64 | 49.74 | 84.5 | 67.42 | -35.33 | 37.94 | 123.7 | 148.2 | 155 | 186.1 | 198.7 |
| EBIT 1 | 20.46 | 25.54 | 55.22 | 81.8 | 3.307 | 20.26 | 52.14 | 37.14 | -73.66 | 37.9 | 19.51 | 36.54 | 48.6 | 69.56 | 84.97 |
| Operating Margin | 3.81% | 3.84% | 6.87% | 7.77% | 0.42% | 1.79% | 4.37% | 2.89% | -6.43% | 3.33% | 1.84% | 3.01% | 3.61% | 4.37% | 4.72% |
| Earnings before Tax (EBT) 1 | 14.89 | 38.94 | 59.08 | 81.46 | -45.53 | 50.86 | 51.79 | 26.62 | -145.4 | 31.38 | 14.67 | 33 | 44.5 | 0.9 | 6.5 |
| Net income 1 | 19.46 | 36.24 | 40.53 | 64.6 | -23.09 | 39.13 | 42.54 | 22.33 | -75.27 | 60.17 | 1.8 | 9.34 | 20.66 | 0.7 | 4.9 |
| Net margin | 3.62% | 5.45% | 5.05% | 6.13% | -2.96% | 3.45% | 3.57% | 1.74% | -6.57% | 5.29% | 0.17% | 0.77% | 1.54% | 0.04% | 0.27% |
| EPS 2 | 248.0 | 468.0 | 523.0 | 835.0 | -299.0 | 506.0 | 549.0 | 288.0 | -972.0 | 777.0 | 418.8 | 455.6 | 777.4 | 861.0 | 938.4 |
| Dividend per Share 2 | 300.0 | - | - | - | 300.0 | - | - | - | 300.0 | 250.0 | - | - | 400.0 | - | - |
| Announcement Date | 1/26/22 | 4/25/22 | 7/21/22 | 10/24/22 | 1/27/23 | 4/27/23 | 7/24/23 | 10/24/23 | 1/23/24 | 4/25/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 192 | 410 | - | 860 | 2,508 | 4,021 | 5,220 | 6,354 |
| Net Cash position 1 | - | - | 128 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.651 x | 3.292 x | - | 3.331 x | 14.46 x | 9.05 x | 6.712 x | 6.169 x |
| Free Cash Flow 2 | -245,939 | -204,321 | -448,492 | -720,100 | -1,797,145 | -1,766,037 | -1,591,230 | -1,064,063 |
| ROE (net income / shareholders' equity) | 11.5% | 2.93% | 5.5% | 4.87% | 1.19% | 4.55% | 11.1% | 12.8% |
| ROA (Net income/ Total Assets) | 7.55% | 1.56% | 4.46% | 2.76% | 0.52% | 1.32% | 3.78% | 3.87% |
| Assets 1 | 1,339 | 1,909 | 3,005 | 4,280 | 5,485 | 8,629 | 8,761 | 10,883 |
| Book Value Per Share 3 | 16,500 | 16,408 | 31,227 | 31,914 | 30,358 | 31,611 | 35,996 | 39,648 |
| Cash Flow per Share 3 | 1,039 | 628.0 | 1,347 | -787.0 | -5,746 | 5,008 | 8,988 | 13,096 |
| Capex 1 | 309 | 243 | 552 | 659 | 1,352 | 2,390 | 2,079 | 1,891 |
| Capex / Sales | 20.81% | 15.49% | 27.74% | 19.96% | 28.41% | 49.95% | 26.77% | 18.8% |
| Announcement Date | 1/31/20 | 1/27/21 | 1/26/22 | 1/27/23 | 1/23/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
269,000
KRW
Average target price
331,556
KRW
Spread / Average Target
+23.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -25.07% | 15.05B | |
| +18.73% | 67.25B | |
| -7.60% | 45.27B | |
| +21.30% | 43.91B | |
| +33.34% | 27.95B | |
| +8.30% | 19.13B | |
| -15.25% | 14.38B | |
| -32.96% | 11.53B | |
| -32.58% | 11.45B | |
| +20.85% | 10.97B |
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- Financials Posco Future M Co., Ltd.
