KOREA AEROSPACE INDUSTRIES, LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 51,800 KRW | -3.90% |
|
-3.90% | +3.60% |
| May. 30 | South Korea plans Mars landing in 2045 as it launches first space agency | RE |
| May. 29 | UAE president visits South Korea with defence and energy on agenda | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,319,027 | 2,514,858 | 3,163,067 | 4,961,483 | 4,873,755 | 5,049,211 | - | - |
| Enterprise Value (EV) 2 | 3,848 | 2,816 | 3,480 | 4,061 | 4,324 | 4,523 | 4,419 | 4,148 |
| P/E ratio | 19.5 x | 33.7 x | 49.5 x | 41.9 x | 21.8 x | 21.7 x | 17.9 x | 14.3 x |
| Yield | 1.17% | 0.78% | 0.62% | 0.49% | 1% | 0.97% | 0.99% | 1.27% |
| Capitalization / Revenue | 1.07 x | 0.89 x | 1.23 x | 1.78 x | 1.28 x | 1.33 x | 1.16 x | 1.04 x |
| EV / Revenue | 1.24 x | 1 x | 1.36 x | 1.46 x | 1.13 x | 1.19 x | 1.02 x | 0.85 x |
| EV / EBITDA | 9.82 x | 10.3 x | 16.8 x | 14.7 x | 11.7 x | 12.7 x | 9.46 x | 7.6 x |
| EV / FCF | 23 x | 5.87 x | 9.77 x | 3.22 x | -5.42 x | 17.7 x | 15.7 x | 14 x |
| FCF Yield | 4.35% | 17% | 10.2% | 31.1% | -18.5% | 5.64% | 6.37% | 7.14% |
| Price to Book | 2.91 x | 2.1 x | 2.49 x | 3.47 x | 3.05 x | 2.82 x | 2.5 x | 2.22 x |
| Nbr of stocks (in thousands) | 97,475 | 97,475 | 97,475 | 97,475 | 97,475 | 97,475 | - | - |
| Reference price 3 | 34,050 | 25,800 | 32,450 | 50,900 | 50,000 | 51,800 | 51,800 | 51,800 |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
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 | 3,110 | 2,825 | 2,562 | 2,787 | 3,819 | 3,790 | 4,351 | 4,864 |
| EBITDA 1 | 392.1 | 273.9 | 207 | 276.8 | 368.5 | 357.1 | 467.3 | 545.9 |
| EBIT 1 | 275.6 | 139.5 | 57.79 | 141.6 | 247.5 | 255.4 | 335 | 417.9 |
| Operating Margin | 8.86% | 4.94% | 2.26% | 5.08% | 6.48% | 6.74% | 7.7% | 8.59% |
| Earnings before Tax (EBT) 1 | 129.5 | 82.49 | 54.06 | 122.1 | 260.9 | 283.4 | 346.3 | 437.2 |
| Net income 1 | 170.4 | 74.62 | 63.7 | 118.5 | 221.8 | 232.6 | 281.7 | 352.9 |
| Net margin | 5.48% | 2.64% | 2.49% | 4.25% | 5.81% | 6.14% | 6.48% | 7.26% |
| EPS 2 | 1,748 | 766.0 | 656.0 | 1,215 | 2,298 | 2,387 | 2,891 | 3,621 |
| Free Cash Flow 3 | 167,278 | 479,454 | 356,037 | 1,262,950 | -798,377 | 255,275 | 281,688 | 296,050 |
| FCF margin | 5,378.44% | 16,971% | 13,895.31% | 45,317.57% | -20,903.5% | 6,736.38% | 6,474.61% | 6,086.51% |
| FCF Conversion (EBITDA) | 42,667.25% | 175,067.12% | 171,968.13% | 456,275.12% | - | 71,489.36% | 60,285.87% | 54,226.58% |
| FCF Conversion (Net income) | 98,166.25% | 642,533.22% | 558,928.09% | 1,066,115.83% | - | 109,732.45% | 99,981.09% | 83,883.89% |
| Dividend per Share 2 | 400.0 | 200.0 | 200.0 | 250.0 | 500.0 | 500.0 | 512.6 | 658.3 |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
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 | 796.9 | 640.7 | 668.5 | 608.9 | 868.8 | 568.7 | 733.5 | 1,007 | 1,510 | 739.9 | 892.2 | 898.3 | 1,178 | 1,041 | 1,230 |
| EBITDA | - | - | 66.2 | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -13.4 | 39.2 | 34.4 | 30.5 | 37.49 | 19.4 | 8.4 | 65.4 | 154.3 | 48.01 | 55.45 | 59.16 | 79.77 | 76.76 | 90.71 |
| Operating Margin | -1.68% | 6.12% | 5.15% | 5.01% | 4.32% | 3.41% | 1.15% | 6.49% | 10.22% | 6.49% | 6.21% | 6.59% | 6.77% | 7.37% | 7.37% |
| Earnings before Tax (EBT) 1 | -35 | 45.3 | 61.6 | 64 | -48.76 | 40.1 | 12 | 64.3 | 144.5 | 45.43 | 58.76 | 65.59 | 89.33 | 75.39 | 89.1 |
| Net income 1 | -11.5 | 37.5 | 50.7 | 52.6 | -22.4 | 30.6 | 10.7 | 53.2 | 130 | 36.63 | 47.87 | 52.86 | 68.57 | 57.39 | 69.1 |
| Net margin | -1.44% | 5.85% | 7.58% | 8.64% | -2.58% | 5.38% | 1.46% | 5.28% | 8.61% | 4.95% | 5.37% | 5.88% | 5.82% | 5.51% | 5.62% |
| EPS 2 | -115.0 | 385.0 | 520.0 | 540.0 | -230.0 | 314.0 | 109.0 | 546.0 | 1,328 | 376.0 | 277.0 | 598.9 | 654.1 | - | - |
| Dividend per Share 2 | 200.0 | - | - | - | 250.0 | - | - | - | 500.0 | - | - | - | 400.0 | - | - |
| Announcement Date | 2/11/22 | 5/2/22 | 8/8/22 | 10/31/22 | 2/14/23 | 5/8/23 | 8/7/23 | 11/7/23 | 2/2/24 | 5/16/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 529 | 301 | 317 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 900 | 550 | 527 | 630 | 901 |
| Leverage (Debt/EBITDA) | 1.35 x | 1.1 x | 1.529 x | - | - | - | - | - |
| Free Cash Flow 2 | 167,278 | 479,454 | 356,037 | 1,262,950 | -798,377 | 255,275 | 281,688 | 296,050 |
| ROE (net income / shareholders' equity) | 15.8% | 6.39% | 4.19% | 8.43% | 14.4% | 13.6% | 14.8% | 16.1% |
| ROA (Net income/ Total Assets) | 4.2% | 1.57% | 1.16% | 1.74% | 3.14% | 3.13% | 3.65% | 4.2% |
| Assets 1 | 4,061 | 4,763 | 5,490 | 6,814 | 7,070 | 7,436 | 7,727 | 8,403 |
| Book Value Per Share 3 | 11,714 | 12,264 | 13,023 | 14,648 | 16,388 | 18,354 | 20,680 | 23,346 |
| Cash Flow per Share 3 | 3,637 | 7,514 | 4,514 | 15,313 | -7,185 | 3,908 | 4,774 | 5,204 |
| Capex 1 | 187 | 253 | 83.9 | 230 | 98 | 204 | 155 | 162 |
| Capex / Sales | 6.02% | 8.95% | 3.28% | 8.24% | 2.57% | 5.39% | 3.57% | 3.34% |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
51,800
KRW
Average target price
67,184
KRW
Spread / Average Target
+29.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.60% | 3.65B | |
| +28.13% | 143B | |
| +15.44% | 82.11B | |
| -3.71% | 66.71B | |
| +25.35% | 53.3B | |
| +51.28% | 48.25B | |
| +6.75% | 42.65B | |
| +77.38% | 39.86B | |
| +60.84% | 25.93B | |
| +83.90% | 24.85B |
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