SEOJIN SYSTEM CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29,300 KRW | +0.86% |
|
-10.12% | +61.52% |
| May. 13 | Seojin System Co.,Ltd cancelled the Spin-Off of ESS Business Division of Seojin System Co.,Ltd. | CI |
| May. 08 | Seojin System Co.,Ltd agreed to Spin-Off ESS Business Division. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 521,299 | 915,894 | 811,742 | 657,661 | 673,193 | 1,618,320 | - | - |
| Enterprise Value (EV) 2 | 711.2 | 1,229 | 1,189 | 1,021 | 1,066 | 2,361 | 2,266 | 1,985 |
| P/E ratio | 10.7 x | -166 x | 20.6 x | 407 x | -33.2 x | 10.7 x | 9.21 x | 7.25 x |
| Yield | 1.04% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.33 x | 2.85 x | 1.34 x | 0.84 x | 0.87 x | 1.23 x | 0.95 x | 0.77 x |
| EV / Revenue | 1.81 x | 3.82 x | 1.96 x | 1.3 x | 1.37 x | 1.8 x | 1.33 x | 0.94 x |
| EV / EBITDA | 8.03 x | 31.9 x | 11.2 x | 9.39 x | 8.37 x | 10 x | 8.68 x | 5.85 x |
| EV / FCF | -8.79 x | -8.39 x | -9.47 x | -7.35 x | -8.88 x | 37.4 x | 31.8 x | 17.8 x |
| FCF Yield | -11.4% | -11.9% | -10.6% | -13.6% | -11.3% | 2.67% | 3.14% | 5.62% |
| Price to Book | 1.98 x | 3.79 x | 2.25 x | 1.22 x | 1.36 x | 2.55 x | 1.85 x | 1.67 x |
| Nbr of stocks (in thousands) | 36,201 | 36,201 | 37,581 | 37,581 | 37,111 | 55,233 | - | - |
| Reference price 3 | 14,400 | 25,300 | 21,600 | 17,500 | 18,140 | 29,300 | 29,300 | 29,300 |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/2/23 | 2/13/24 | - | - | - |
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 | 392.4 | 321.9 | 606.1 | 787.6 | 777.7 | 1,315 | 1,700 | 2,108 |
| EBITDA 1 | 88.55 | 38.53 | 106.5 | 108.7 | 127.3 | 235.4 | 261.1 | 339.6 |
| EBIT 1 | 54.4 | 4.913 | 58 | 44.4 | 57.29 | 159.9 | 198 | 268.1 |
| Operating Margin | 13.86% | 1.53% | 9.57% | 5.64% | 7.37% | 12.16% | 11.64% | 12.72% |
| Earnings before Tax (EBT) 1 | 52.77 | -2.243 | 45.07 | 15.18 | 8.697 | 118.7 | 145.1 | 183.6 |
| Net income 1 | 48.65 | -5.838 | 38.69 | 1.611 | -15.87 | 102.8 | 119.6 | 151.8 |
| Net margin | 12.4% | -1.81% | 6.38% | 0.2% | -2.04% | 7.82% | 7.03% | 7.2% |
| EPS 2 | 1,344 | -152.0 | 1,048 | 43.00 | -547.0 | 2,736 | 3,183 | 4,040 |
| Free Cash Flow 3 | -80,924 | -146,529 | -125,613 | -138,822 | -120,048 | 63,150 | 71,267 | 111,550 |
| FCF margin | -20,624.85% | -45,520.62% | -20,723.26% | -17,625.96% | -15,436.47% | 4,801.92% | 4,190.92% | 5,291.12% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 26,826.68% | 27,294.78% | 32,842.63% |
| FCF Conversion (Net income) | - | - | - | - | - | 61,429.96% | 59,587.51% | 73,484.85% |
| Dividend per Share 2 | 150.0 | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/2/23 | 2/13/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 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 | 183.8 | 160.2 | 140.1 | 192.1 | 220.3 | 235.1 | 197.8 | 177.2 | 160.4 | 258 | 325.7 | 330 | 329.1 | 346.9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 18.7 | 2.827 | -2.295 | 17.41 | 26.46 | 8.718 | -17.4 | 3.146 | 42.16 | 43.27 | 33.5 | 36 | 39.9 |
| Operating Margin | - | 11.67% | 2.02% | -1.19% | 7.9% | 11.25% | 4.41% | -9.82% | 1.96% | 16.34% | 13.29% | 10.15% | 10.94% | 11.5% |
| Earnings before Tax (EBT) 1 | - | 19.79 | 11.68 | -22.74 | 8.867 | 17.37 | 16.49 | -34.59 | -17.19 | 23.32 | 38.8 | 24.5 | 26.3 | 29.2 |
| Net income 1 | - | 14.87 | 8.552 | -27.91 | 9.492 | 11.47 | 13.4 | -33.9 | -17.87 | 22.75 | 37.4 | 21.1 | 21.5 | 22.9 |
| Net margin | - | 9.28% | 6.11% | -14.53% | 4.31% | 4.88% | 6.78% | -19.13% | -11.14% | 8.82% | 11.48% | 6.39% | 6.53% | 6.6% |
| EPS | - | - | 455.0 | - | - | - | 357.0 | - | - | 474.0 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 3/14/22 | 5/16/22 | 8/16/22 | 11/14/22 | 3/2/23 | 5/15/23 | 8/14/23 | 11/14/23 | 2/13/24 | 5/13/24 | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 190 | 314 | 377 | 363 | 393 | 742 | 648 | 367 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.145 x | 8.137 x | 3.544 x | 3.339 x | 3.083 x | 3.154 x | 2.482 x | 1.081 x |
| Free Cash Flow 2 | -80,924 | -146,529 | -125,613 | -138,822 | -120,048 | 63,150 | 71,267 | 111,550 |
| ROE (net income / shareholders' equity) | 20.1% | -2.29% | 12.9% | 0.36% | -3.03% | 21.8% | 23.5% | 24.9% |
| ROA (Net income/ Total Assets) | 9.79% | -0.93% | 4.45% | 0.13% | -1.56% | 9.5% | 8.05% | 7.9% |
| Assets 1 | 496.9 | 627.5 | 869.5 | 1,218 | 1,015 | 1,082 | 1,486 | 1,922 |
| Book Value Per Share 3 | 7,279 | 6,682 | 9,584 | 14,358 | 13,295 | 11,488 | 15,835 | 17,553 |
| Cash Flow per Share 3 | -511.0 | -996.0 | - | 643.0 | 1,136 | 3,909 | 5,255 | 6,746 |
| Capex 1 | 62.4 | 110 | 120 | 163 | 163 | - | 4.65 | 76.5 |
| Capex / Sales | 15.91% | 34.32% | 19.84% | 20.7% | 20.91% | - | 0.27% | 3.63% |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/2/23 | 2/13/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
29,300
KRW
Average target price
36,667
KRW
Spread / Average Target
+25.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +61.52% | 1.17B | |
| -9.26% | 185B | |
| +26.02% | 93B | |
| +62.24% | 67.24B | |
| +18.52% | 61.89B | |
| +27.01% | 31.36B | |
| +18.12% | 21.6B | |
| +4.29% | 20.95B | |
| +48.18% | 18.11B | |
| +1.17% | 16.51B |
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- Financials Seojin System Co.,Ltd
