Financials Seoyon E-Hwa Co., Ltd.

Equities

A200880

KR7200880003

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
18,460 ^KRW	-0.75%		+3.77%	-3.75%

2023	Seoyon E-Hwa Co., Ltd.(KOSE:A200880) added to S&P Global BMI Index	CI
2023	Seoyon E-Hwa Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	212,399	518,296	498,840	-
Enterprise Value (EV) ²	212.4	518.3	749.8	645.8
P/E ratio	-	3.28 x	2.79 x	2.92 x
Yield	-	-	1.14%	1.25%
Capitalization / Revenue	0.07 x	0.15 x	0.13 x	0.12 x
EV / Revenue	0.07 x	0.15 x	0.2 x	0.15 x
EV / EBITDA	-	-	1.9 x	1.61 x
EV / FCF	-	-	5.6 x	5.93 x
FCF Yield	-	-	17.9%	16.9%
Price to Book	-	-	0.5 x	0.43 x
Nbr of stocks (in thousands)	27,023	27,023	27,023	-
Reference price ³	7,860	19,180	18,460	18,460
Announcement Date	23-02-10	24-03-20	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025
Net sales ¹	2,841	3,574	3,840	4,262
EBITDA ¹	-	-	394	402
EBIT ¹	145.6	193.1	250	256
Operating Margin	5.13%	5.4%	6.51%	6.01%
Earnings before Tax (EBT) ¹	-	195	248	247
Net income ¹	-	157.8	179	171
Net margin	-	4.41%	4.66%	4.01%
EPS ²	-	5,839	6,609	6,313
Free Cash Flow ³	-	-	134,000	109,000
FCF margin	-	-	3,489.58%	2,557.48%
FCF Conversion (EBITDA)	-	-	34,010.15%	27,114.43%
FCF Conversion (Net income)	-	-	74,860.34%	63,742.69%
Dividend per Share ²	-	-	210.0	230.0
Announcement Date	23-02-10	24-03-20	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	780.3	900.9	919.6	973.5	897	973	956	1,013
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	53.63	36.04	57.6	45.84	58	63	62	66
Operating Margin	6.87%	4%	6.26%	4.71%	6.47%	6.47%	6.49%	6.52%
Earnings before Tax (EBT) ¹	61.66	33.44	60.87	-	62	67	66	52
Net income ¹	45.43	20.5	57.76	34.09	45	49	48	37
Net margin	5.82%	2.28%	6.28%	3.5%	5.02%	5.04%	5.02%	3.65%
EPS	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	23-05-15	23-08-14	23-11-14	24-03-20	-	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025
Net Debt ¹	-	-	251	147
Net Cash position ¹	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.6371 x	0.3657 x
Free Cash Flow ²	-	-	134,000	109,000
ROE (net income / shareholders' equity)	-	17.4%	19.7%	15.9%
ROA (Net income/ Total Assets)	-	-	-	-
Assets ¹	-	-	-	-
Book Value Per Share ³	-	-	36,676	42,779
Cash Flow per Share	-	-	-	-
Capex	-	-	-	-
Capex / Sales	-	-	-	-
Announcement Date	23-02-10	24-03-20	-	-

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 Seoyon E-Hwa Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

18,460 KRW

Average target price

26,000 KRW

Spread / Average Target

+40.85%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Automotive Accessories

	1st Jan change	Capi.
SEOYON E-HWA CO., LTD.	-3.75%	360M
GENTEX CORPORATION	+3.98%	7.86B
CHANGZHOU XINGYU AUTOMOTIVE LIGHTING SYSTEMS CO.,LTD.	+1.71%	5.26B
THULE GROUP AB	+13.81%	3.03B
ADIENT PLC	-19.03%	2.69B
TOYOTA BOSHOKU CORPORATION	+2.97%	2.62B
NINGBO JIFENG AUTO PARTS CO., LTD.	-1.48%	2.31B
PHINIA INC.	+34.50%	1.86B
KUNSHAN HUGUANG AUTO HARNESS CO.,LTD.	+45.03%	1.74B
NINGBO HUAXIANG ELECTRONIC CO., LTD.	+6.99%	1.54B

Automotive Accessories