Financials Sangsin Brake Co., Ltd.

Equities

A041650

KR7041650003

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
3,600 KRW -5.26% Intraday chart for Sangsin Brake Co., Ltd. -3.10% -1.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 81,701 67,955 62,147 75,118 58,565 70,665
Enterprise Value (EV) 1 201,485 214,561 211,360 236,345 260,689 275,273
P/E ratio 9.97 x 16.7 x -23.3 x 7.67 x 81.6 x 5.03 x
Yield 2.37% 2.85% 1.56% 2.06% 3.31% 3.01%
Capitalization / Revenue 0.22 x 0.17 x 0.18 x 0.19 x 0.12 x 0.12 x
EV / Revenue 0.53 x 0.55 x 0.61 x 0.6 x 0.53 x 0.48 x
EV / EBITDA 5.06 x 5.67 x 7.09 x 6.98 x 6.95 x 5.28 x
EV / FCF 67.5 x -20.6 x -94.5 x -13.5 x -8.52 x -20.2 x
FCF Yield 1.48% -4.86% -1.06% -7.42% -11.7% -4.94%
Price to Book 0.49 x 0.4 x 0.38 x 0.41 x 0.31 x 0.34 x
Nbr of stocks (in thousands) 19,360 19,360 19,360 19,360 19,360 19,360
Reference price 2 4,220 3,510 3,210 3,880 3,025 3,650
Announcement Date 3/20/19 3/17/20 3/19/21 3/18/22 3/17/23 3/15/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 378,699 391,906 349,042 397,023 489,015 575,491
EBITDA 1 39,810 37,808 29,798 33,846 37,517 52,111
EBIT 1 20,714 15,695 7,858 12,202 14,081 27,544
Operating Margin 5.47% 4% 2.25% 3.07% 2.88% 4.79%
Earnings before Tax (EBT) 1 15,378 12,823 2,119 14,774 6,816 17,816
Net income 1 8,194 4,057 -2,662 9,792 717.7 14,059
Net margin 2.16% 1.04% -0.76% 2.47% 0.15% 2.44%
EPS 2 423.2 209.6 -137.5 505.8 37.07 726.2
Free Cash Flow 1 2,984 -10,423 -2,236 -17,534 -30,590 -13,596
FCF margin 0.79% -2.66% -0.64% -4.42% -6.26% -2.36%
FCF Conversion (EBITDA) 7.5% - - - - -
FCF Conversion (Net income) 36.42% - - - - -
Dividend per Share 2 100.0 100.0 50.00 80.00 100.0 110.0
Announcement Date 3/20/19 3/17/20 3/19/21 3/18/22 3/17/23 3/15/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 119,785 146,606 149,214 161,227 202,124 204,608
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.009 x 3.878 x 5.008 x 4.764 x 5.388 x 3.926 x
Free Cash Flow 1 2,984 -10,423 -2,236 -17,534 -30,590 -13,596
ROE (net income / shareholders' equity) 5.75% 3.13% -1.34% 5.79% 0.45% 6.92%
ROA (Net income/ Total Assets) 3.13% 2.23% 1.1% 1.63% 1.7% 3.1%
Assets 1 261,823 182,307 -241,814 599,444 42,294 453,032
Book Value Per Share 2 8,669 8,788 8,451 9,389 9,851 10,590
Cash Flow per Share 2 1,797 2,245 2,036 2,168 2,337 2,101
Capex 1 18,046 20,275 17,923 23,850 28,249 25,004
Capex / Sales 4.77% 5.17% 5.13% 6.01% 5.78% 4.34%
Announcement Date 3/20/19 3/17/20 3/19/21 3/18/22 3/17/23 3/15/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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