Financials MegaStudyEdu Co. Ltd

Equities

A215200

KR7215200007

Miscellaneous Educational Service Providers

End-of-day quote Korea S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
54,500 KRW +0.55% Intraday chart for MegaStudyEdu Co. Ltd +2.25% -10.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 483,637 458,692 970,781 937,793 705,691 603,112 - -
Enterprise Value (EV) 2 474.5 477.1 938.6 1,062 820.6 515.6 603.1 603.1
P/E ratio 10.3 x 21.3 x 12 x 9.05 x 7.48 x 5.16 x 5.36 x 4.91 x
Yield 2.65% 1.92% 2.43% 2.64% 3.29% 3.67% 6.18% 6.67%
Capitalization / Revenue 1.11 x 0.97 x 1.38 x 1.12 x 0.75 x 0.6 x 0.57 x 0.54 x
EV / Revenue 1.09 x 1 x 1.33 x 1.27 x 0.88 x 0.51 x 0.57 x 0.54 x
EV / EBITDA 5.17 x 5.55 x 5.84 x 5.12 x 4 x 2.45 x 2.44 x 2.33 x
EV / FCF 14 x 5.91 x 5.69 x 13.9 x 7.27 x 2.55 x 3.62 x 3.28 x
FCF Yield 7.16% 16.9% 17.6% 7.18% 13.8% 39.2% 27.6% 30.5%
Price to Book 1.99 x 1.74 x 2.86 x 2.23 x 1.51 x 1.04 x 0.99 x 0.87 x
Nbr of stocks (in thousands) 11,654 11,761 11,781 11,781 11,626 11,066 - -
Reference price 3 41,500 39,000 82,400 79,600 60,700 54,500 54,500 54,500
Announcement Date 3/11/20 3/10/21 2/10/22 2/15/23 2/16/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 437.3 474.7 704.1 836 935.2 1,010 1,054 1,109
EBITDA 1 91.72 85.96 160.6 207.3 205.2 210.6 246.9 258.5
EBIT 1 59.64 32.82 99.31 134.4 127.4 150.7 156.6 171.5
Operating Margin 13.64% 6.91% 14.11% 16.08% 13.63% 14.92% 14.85% 15.47%
Earnings before Tax (EBT) 1 61.25 28.52 109.9 133.2 126.9 159.7 157.7 173.3
Net income 1 48.43 20.99 81.96 102.5 94.61 123 118.6 129.2
Net margin 11.07% 4.42% 11.64% 12.27% 10.12% 12.18% 11.25% 11.66%
EPS 2 4,024 1,829 6,890 8,793 8,118 10,564 10,166 11,104
Free Cash Flow 3 33,977 80,659 164,903 76,277 112,908 202,200 166,750 184,000
FCF margin 7,768.93% 16,991.02% 23,420.9% 9,124.52% 12,072.86% 20,019.8% 15,818.68% 16,598.51%
FCF Conversion (EBITDA) 37,043.15% 93,838.23% 102,676.14% 36,797.33% 55,013.6% 96,011.4% 67,546.58% 71,170.71%
FCF Conversion (Net income) 70,161.06% 384,193.69% 201,204.29% 74,385.09% 119,345.91% 164,390.24% 140,638.17% 142,378.13%
Dividend per Share 2 1,100 750.0 2,000 2,100 2,000 2,000 3,367 3,633
Announcement Date 3/11/20 3/10/21 2/10/22 2/15/23 2/16/24 - - -
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 1 174 216.1 197.3 232.7 189.9 242.6 222.4 261 209.2 249.4 233.4 280.5 223.9
EBITDA - - - - - - - - - - - - -
EBIT 1 7.891 25.55 42.66 58.84 7.369 24.17 42.76 59 1.507 20.27 45.8 65.1 5
Operating Margin 4.53% 11.82% 21.62% 25.28% 3.88% 9.96% 19.23% 22.61% 0.72% 8.13% 19.62% 23.21% 2.23%
Earnings before Tax (EBT) 1 14.23 26.26 41.61 58.72 6.584 25.39 42.33 58.18 1.035 22 46.5 66.4 4.6
Net income 1 10.04 21.7 31.42 42.32 7.097 20.84 32.02 42.59 -0.852 17.67 35 49.2 3.4
Net margin 5.77% 10.04% 15.93% 18.19% 3.74% 8.59% 14.4% 16.32% -0.41% 7.09% 14.99% 17.54% 1.52%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/10/22 5/9/22 8/5/22 11/7/22 2/15/23 5/3/23 8/7/23 11/7/23 2/16/24 5/3/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 18.4 - 125 115 - - -
Net Cash position 1 9.09 - 32.2 - - 87.5 - -
Leverage (Debt/EBITDA) - 0.2138 x - 0.6008 x 0.5601 x - - -
Free Cash Flow 2 33,977 80,659 164,903 76,277 112,908 202,200 166,750 184,000
ROE (net income / shareholders' equity) 20.8% 7.96% 25.8% 27.3% 21.1% 23.3% 19.9% 19%
ROA (Net income/ Total Assets) 12.1% 4.25% 12.7% 12.7% 10.2% 12.1% 11% 11.1%
Assets 1 400 493.4 645.4 806.2 930.1 1,017 1,078 1,168
Book Value Per Share 3 20,874 22,462 28,762 35,711 40,249 52,203 55,037 62,852
Cash Flow per Share 3 - - - 14,002 14,466 15,301 15,736 15,996
Capex 1 27.7 16 27.5 88.7 55.7 31.5 40.9 45.9
Capex / Sales 6.34% 3.37% 3.91% 10.61% 5.95% 3.12% 3.88% 4.14%
Announcement Date 3/11/20 3/10/21 2/10/22 2/15/23 2/16/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
54,500 KRW
Average target price
81,750 KRW
Spread / Average Target
+50.00%
Consensus

Quarterly revenue - Rate of surprise

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