Financials Yuhan Corporation

Equities

A000100

KR7000100008

Pharmaceuticals

End-of-day quote Korea S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
125,000.00 ^KRW	+0.16%		+3.99%	+81.69%

08-22	South Korean Shares Rise After BOK Rate Hold; Yuhan Gains on FDA Approval	MT
08-22	Yuhan Shares Jump 4% After US FDA Approves Anti-Cancer Drug for US Markets	MT

Projected Income Statement: Yuhan Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,480	1,620	1,688	1,776	1,859	2,067	2,283	2,443
Change	-	9.42%	4.19%	5.22%	4.68%	11.17%	10.44%	7.02%
EBITDA ¹	71.19	144	101.3	79.05	101.4	175.4	238.4	280.8
Change	-	102.32%	-29.7%	-21.94%	28.33%	72.87%	35.96%	17.77%
EBIT ¹	12.54	84.26	48.6	36.03	56.78	111	187.8	220.3
Change	-	572.12%	-42.32%	-25.86%	57.61%	95.43%	69.18%	17.35%
Interest Paid ²	-2,893	-23,148	-3,572	-3,468	-15,951	-8,857	-10,500	-9,333
Earnings before Tax (EBT) ¹	54.92	239.9	126.1	94.93	142.5	184.9	243.6	285.3
Change	-	336.81%	-47.45%	-24.7%	50.12%	29.75%	31.76%	17.09%
Net income ¹	36.61	192.8	102.6	95.14	142.5	157.7	208.8	243.8
Change	-	426.49%	-46.78%	-7.25%	49.82%	10.6%	32.42%	16.78%
Announcement Date	20-02-27	21-02-24	22-02-16	23-02-23	24-02-06	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4
Net sales ¹	382.3	393.7	313.3	415.5	429.7	461.4	379	433.3	451.5	424	410.9	483	431.5	450.5	443	495.7	483.1	437.2	444.6	528.3	533.4	601.8	527.4	603.4	570	545.5
Change	-	3%	-20.44%	32.63%	3.42%	7.39%	-17.86%	14.33%	4.18%	-6.09%	-3.09%	17.55%	-10.65%	4.39%	-1.65%	11.89%	-2.55%	-9.5%	1.7%	18.83%	0.96%	12.81%	-12.36%	14.42%	-5.54%	-4.3%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	27.65	6.006	28.34	-	38.25	11.93	17.95	-	30.38	56.3	67	59.9	57.8	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-78.28%	371.93%	-100%	-	-68.8%	50.4%	-100%	-	85.3%	19.01%	-10.6%	-3.51%	-100%	-
EBIT ¹	3.345	12.38	1.074	35.66	20.37	27.15	13.9	23.43	6.516	4.752	6.102	16.94	-4.538	17.53	22.63	27.08	0.8833	5.95	0.5771	18.54	23.04	65.86	44	45.17	39.1	42.9
Change	-	270.22%	-91.33%	3,221.01%	-42.87%	33.29%	-48.81%	68.53%	-72.19%	-27.07%	28.41%	177.56%	-	-	29.11%	19.68%	-96.74%	573.7%	-90.3%	3,112.8%	24.26%	185.85%	-33.19%	2.65%	-13.43%	9.72%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	18.3	2.66	157.7	47.67	33.49	1.076	26.7	43.39	36.4	19.57	28.32	43.43	21.78	1.398	35.81	13.74	19.31	65.68	14.94	39.17	39.8	81	58.75	59.55	52	53.3
Change	-	-85.46%	5,826.33%	-69.76%	-29.76%	-96.79%	2,381.57%	62.51%	-16.1%	-46.25%	44.73%	53.36%	-49.84%	-93.58%	2,461.56%	-61.62%	40.52%	240.06%	-77.25%	162.14%	1.62%	103.52%	-27.47%	1.36%	-12.68%	2.5%
Net income ¹	14.33	3.858	115.8	33.9	30.4	-	20.61	34.15	30.69	17.13	15.93	34.08	7.526	37.6	22.24	8.678	19.59	85.58	12.71	32.06	30.17	56.63	46.77	46.33	39.2	40.15
Change	-	-73.08%	2,901.08%	-70.72%	-10.33%	-100%	-	65.74%	-10.13%	-44.2%	-6.97%	113.87%	-77.92%	399.63%	-40.86%	-60.97%	125.74%	336.87%	-85.15%	152.24%	-5.91%	87.73%	-17.42%	-0.93%	-15.4%	2.42%
Announcement Date	19-10-31	20-02-27	20-04-29	20-07-31	20-11-16	21-02-24	21-04-29	21-08-17	21-10-29	22-02-16	22-04-29	22-07-28	22-11-14	23-02-23	23-05-15	23-07-28	23-11-14	24-02-06	24-05-16	24-08-14	-	-	-	-	-	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: Yuhan Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-326	-326	-312	-223	-96	-70.3	-268	-454
Change	-	-200%	-195.71%	-171.47%	-143.05%	-173.23%	-481.22%	-269.4%
Announcement Date	20-02-27	21-02-24	22-02-16	23-02-23	24-02-06	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: Yuhan Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	42.76	51.45	46.15	58.3	161.5	55.65	61.63	67.3
Change	-	20.32%	-10.3%	26.31%	177%	-65.54%	10.75%	9.2%
Free Cash Flow (FCF) ¹	23,000	-22,623	52,849	41,234	-17,352	108,333	191,540	263,891
Change	-	-198.36%	-333.61%	-21.98%	-142.08%	-724.34%	76.81%	37.77%
Announcement Date	20-02-27	21-02-24	22-02-16	23-02-23	24-02-06	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: Yuhan Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	4.81%	8.89%	6%	4.45%	5.46%	8.49%	10.45%	11.49%
EBIT Margin (%)	0.85%	5.2%	2.88%	2.03%	3.05%	5.37%	8.23%	9.02%
EBT Margin (%)	3.71%	14.81%	7.47%	5.35%	7.67%	8.95%	10.67%	11.68%
Net margin (%)	2.47%	11.9%	6.08%	5.36%	7.67%	7.63%	9.15%	9.98%
FCF margin (%)	1,553.71%	-1,396.58%	3,131.24%	2,321.92%	-933.39%	5,241.84%	8,391.68%	10,802.95%
FCF / Net Income (%)	62,821.54%	-11,736.13%	51,518.9%	43,338.05%	-12,172.5%	68,712.66%	91,745.78%	108,235.81%
Profitability
ROA	1.71%	8.44%	4.22%	3.85%	5.15%	4.98%	6.38%	6.69%
ROE	2.22%	10.92%	5.24%	4.59%	6.92%	7.62%	9.24%	9.77%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.89%	3.18%	2.73%	3.28%	8.69%	2.69%	2.7%	2.76%
CAPEX / EBITDA (%)	60.07%	35.72%	45.57%	73.75%	159.18%	31.73%	25.85%	23.97%
CAPEX / FCF (%)	0.19%	-0.23%	0.09%	0.14%	-0.93%	0.05%	0.03%	0.03%
Items per share
Cash flow per share ¹	928.4	2,137	1,468	1,401	1,923	2,328	3,053	3,679
Change	-	130.16%	-31.3%	-4.57%	37.25%	21.06%	31.16%	20.51%
Dividend per Share ¹	329.1	1,728	362.8	381	400	416.2	424.6	425.9
Change	-	425%	-79%	5%	5%	4.04%	2.03%	0.31%
Book Value Per Share ¹	23,241	25,984	28,703	28,542	29,194	27,748	29,803	32,113
Change	-	11.8%	10.47%	-0.56%	2.28%	-4.95%	7.41%	7.75%
EPS ¹	517.1	2,542	1,357	1,339	1,815	2,002	2,656	3,067
Change	-	391.6%	-46.63%	-1.32%	35.54%	10.3%	32.67%	15.48%
Nbr of stocks (in thousands)	75,773	72,231	75,593	75,139	74,979	75,000	75,000	75,000
Announcement Date	20-02-27	21-02-24	22-02-16	23-02-23	24-02-06	-	-	-