Financials S-1 Corporation

Equities

A012750

KR7012750006

Communications & Networking

End-of-day quote Korea S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
62,000 KRW +0.49% Intraday chart for S-1 Corporation -2.52% +3.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,168,019 2,873,870 2,498,577 2,004,947 2,028,614 2,096,235 - -
Enterprise Value (EV) 2 2,768 2,417 1,958 1,624 1,342 1,722 1,514 1,494
P/E ratio 21.6 x 20.2 x 19.4 x 13.3 x 10.7 x 12.7 x 11.5 x 10.4 x
Yield 2.67% 2.94% 3.38% 4.22% 4.5% 4.42% 4.62% 4.84%
Capitalization / Revenue 1.47 x 1.29 x 1.08 x 0.81 x 0.77 x 0.76 x 0.72 x 0.68 x
EV / Revenue 1.29 x 1.09 x 0.85 x 0.66 x 0.51 x 0.62 x 0.52 x 0.48 x
EV / EBITDA 7.71 x 6.53 x 5.61 x 4.33 x 3.47 x 4.45 x 4.04 x 3.82 x
EV / FCF 21.8 x 11.7 x 11 x 11.6 x 6.3 x 7.85 x 5.87 x 5.35 x
FCF Yield 4.59% 8.52% 9.07% 8.65% 15.9% 12.7% 17% 18.7%
Price to Book 2.39 x 2.08 x 1.73 x 1.32 x 1.27 x 1.36 x 1.29 x 1.23 x
Nbr of stocks (in thousands) 33,810 33,810 33,810 33,810 33,810 33,810 - -
Reference price 3 93,700 85,000 73,900 59,300 60,000 62,000 62,000 62,000
Announcement Date 1/31/20 1/27/21 1/28/22 1/31/23 1/26/24 - - -
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 2,152 2,223 2,312 2,468 2,621 2,763 2,928 3,098
EBITDA 1 358.8 370.3 348.7 375.3 387.2 387.3 374.7 390.8
EBIT 1 196.8 204.5 179.7 204.1 212.6 219.6 239 256
Operating Margin 9.15% 9.2% 7.77% 8.27% 8.11% 7.95% 8.16% 8.26%
Earnings before Tax (EBT) 1 192.5 187.4 170.7 200.8 216.3 228.6 257.5 280.8
Net income 1 146.6 142.1 129 151 189.5 176.4 195.5 213.6
Net margin 6.82% 6.39% 5.58% 6.12% 7.23% 6.38% 6.67% 6.89%
EPS 2 4,337 4,203 3,815 4,467 5,604 4,891 5,402 5,935
Free Cash Flow 3 127,061 205,885 177,633 140,497 212,936 219,424 257,895 279,241
FCF margin 5,905.63% 9,260.16% 7,681.48% 5,692.85% 8,124.83% 7,941.36% 8,807.27% 9,013.54%
FCF Conversion (EBITDA) 35,409.69% 55,593% 50,937.34% 37,435.55% 54,999.57% 56,652.22% 68,820.95% 71,446.24%
FCF Conversion (Net income) 86,647.43% 144,896.5% 137,708.83% 93,024.89% 112,381.07% 124,405.14% 131,948.13% 130,758.71%
Dividend per Share 2 2,500 2,500 2,500 2,500 2,700 2,738 2,862 3,000
Announcement Date 1/31/20 1/27/21 1/28/22 1/31/23 1/26/24 - - -
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
Net sales 1 595.7 590.5 625.5 621.9 630.1 632.6 648.7 645.4 694.1 662.8 684.5 684.3 730.3
EBITDA 1 53.99 - 95.94 55.49 80.92 - 98.05 97.29 86.05 - 95 96 88
EBIT 1 11.59 - 53.3 55.45 37.65 62.51 54.54 53.51 42.05 48.8 58.32 59.16 50.1
Operating Margin 1.95% - 8.52% 8.92% 5.98% 9.88% 8.41% 8.29% 6.06% 7.36% 8.52% 8.64% 6.86%
Earnings before Tax (EBT) 1 7.307 - - - 36.69 63.09 54.2 55.22 43.75 54.34 57.4 58.25 50.8
Net income 1 4.381 42.13 39.07 41.79 28.13 48.08 41.07 42.43 57.9 40.66 43.65 44.45 45.62
Net margin 0.74% 7.14% 6.25% 6.72% 4.46% 7.6% 6.33% 6.57% 8.34% 6.13% 6.38% 6.5% 6.25%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 1/28/22 4/28/22 7/28/22 10/28/22 1/31/23 4/28/23 7/28/23 10/27/23 1/26/24 4/26/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 400 457 541 380 686 375 582 603
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 127,061 205,885 177,633 140,497 212,936 219,424 257,895 279,241
ROE (net income / shareholders' equity) 11.3% 10.5% 9.13% 10.2% 12.1% 10.9% 11.5% 12.2%
ROA (Net income/ Total Assets) 8.43% 7.68% 6.65% 7.46% 8.91% 7.98% 8.32% 8.57%
Assets 1 1,739 1,850 1,940 2,024 2,128 2,209 2,348 2,491
Book Value Per Share 3 39,266 40,940 42,676 45,045 47,260 45,673 48,225 50,587
Cash Flow per Share 3 8,277 10,247 9,858 8,206 10,895 11,078 9,869 11,406
Capex 1 153 141 156 137 155 162 154 165
Capex / Sales 7.1% 6.32% 6.73% 5.55% 5.93% 5.86% 5.26% 5.34%
Announcement Date 1/31/20 1/27/21 1/28/22 1/31/23 1/26/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
62,000 KRW
Average target price
73,575 KRW
Spread / Average Target
+18.67%
Consensus

Quarterly revenue - Rate of surprise

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