Financials Spigen Korea Co., Ltd.

Equities

A192440

KR7192440006

Electronic Equipment & Parts

End-of-day quote Korea S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
28,900 KRW -0.17% Intraday chart for Spigen Korea Co., Ltd. -1.03% -12.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 315,360 307,521 392,542 259,283 199,587 198,984
Enterprise Value (EV) 1 182,344 209,293 260,900 105,496 72,026 98,875
P/E ratio 7.39 x 7.62 x 7.34 x 5.74 x 6.04 x 4.67 x
Yield 2.2% 2.55% 1.84% 1.95% 1.69% 2.11%
Capitalization / Revenue 1.18 x 1 x 0.97 x 0.67 x 0.45 x 0.44 x
EV / Revenue 0.68 x 0.68 x 0.65 x 0.27 x 0.16 x 0.22 x
EV / EBITDA 3.57 x 4.17 x 2.99 x 2.03 x 1.2 x 2.25 x
EV / FCF 10.4 x 13.6 x 5.83 x 7.65 x -4.12 x -1.52 x
FCF Yield 9.6% 7.35% 17.2% 13.1% -24.2% -65.8%
Price to Book 1.21 x 1.04 x 1.17 x 0.68 x 0.47 x 0.43 x
Nbr of stocks (in thousands) 6,030 6,030 6,030 6,030 6,030 6,030
Reference price 2 52,300 51,000 65,100 43,000 33,100 33,000
Announcement Date 3/19/19 3/30/20 3/23/21 3/28/22 3/28/23 3/28/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 266,866 308,557 403,319 385,344 445,896 447,399
EBITDA 1 51,056 50,237 87,219 51,884 59,888 44,010
EBIT 1 49,162 44,081 79,662 44,440 51,987 35,291
Operating Margin 18.42% 14.29% 19.75% 11.53% 11.66% 7.89%
Earnings before Tax (EBT) 1 55,044 53,076 75,205 48,322 41,751 52,301
Net income 1 42,705 40,339 53,478 45,184 33,017 42,648
Net margin 16% 13.07% 13.26% 11.73% 7.4% 9.53%
EPS 2 7,082 6,690 8,869 7,493 5,476 7,073
Free Cash Flow 1 17,510 15,373 44,786 13,798 -17,463 -65,086
FCF margin 6.56% 4.98% 11.1% 3.58% -3.92% -14.55%
FCF Conversion (EBITDA) 34.3% 30.6% 51.35% 26.59% - -
FCF Conversion (Net income) 41% 38.11% 83.75% 30.54% - -
Dividend per Share 2 1,150 1,300 1,200 840.0 560.0 696.0
Announcement Date 3/19/19 3/30/20 3/23/21 3/28/22 3/28/23 3/28/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 133,016 98,228 131,642 153,787 127,561 100,110
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 17,510 15,373 44,786 13,798 -17,463 -65,086
ROE (net income / shareholders' equity) 17.7% 14.5% 17.3% 12.5% 7.96% 9.37%
ROA (Net income/ Total Assets) 11.1% 8.57% 13.2% 6.54% 6.96% 4.46%
Assets 1 385,242 470,772 403,663 690,822 474,655 956,649
Book Value Per Share 2 43,334 48,834 55,729 63,123 70,159 77,532
Cash Flow per Share 2 8,787 8,566 14,996 12,271 10,901 10,460
Capex 1 5,017 1,760 22,359 1,343 32,868 79,901
Capex / Sales 1.88% 0.57% 5.54% 0.35% 7.37% 17.86%
Announcement Date 3/19/19 3/30/20 3/23/21 3/28/22 3/28/23 3/28/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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