Financials Soop Co., Ltd.

Equities

A067160

KR7067160002

Internet Services

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-07-04 pm EDT			5-day change	1st Jan Change
126,200 ^KRW	+1.94%		-3.88%	+47.43%

May. 16	Soop Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 16	Tranche Update on Soop Co., Ltd.'s Equity Buyback Plan announced on February 15, 2024.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	753,201	657,857	2,234,393	775,601	921,321	1,343,775	-	-
Enterprise Value (EV) ²	696.3	571.5	2,121	643.8	728.5	1,003	904.9	800.3
P/E ratio	22.4 x	17.6 x	32.1 x	13.2 x	12.5 x	14.9 x	13.2 x	11.5 x
Yield	0.8%	0.91%	0.36%	1.03%	0.99%	0.71%	0.76%	0.79%
Capitalization / Revenue	4.49 x	3.35 x	8.21 x	2.46 x	2.65 x	3.16 x	2.82 x	2.5 x
EV / Revenue	4.15 x	2.91 x	7.79 x	2.04 x	2.1 x	2.36 x	1.9 x	1.49 x
EV / EBITDA	14.7 x	8.92 x	20.5 x	6.48 x	6.6 x	7.3 x	5.97 x	4.75 x
EV / FCF	14.2 x	10.8 x	17.1 x	7.46 x	6.57 x	8.66 x	7.75 x	5.87 x
FCF Yield	7.04%	9.28%	5.85%	13.4%	15.2%	11.5%	12.9%	17%
Price to Book	6.29 x	4.49 x	10.6 x	3.22 x	3.19 x	3.72 x	2.96 x	2.38 x
Nbr of stocks (in thousands)	10,932	10,874	11,023	10,909	10,763	10,648	-	-
Reference price ³	68,900	60,500	202,700	71,100	85,600	126,200	126,200	126,200
Announcement Date	2/11/20	2/8/21	2/9/22	2/9/23	2/14/24	-	-	-

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	167.9	196.6	272.3	315	347.6	425.3	476.3	537.5
EBITDA ¹	47.44	64.08	103.6	99.38	110.4	137.3	151.6	168.5
EBIT ¹	36.73	50.41	88.82	82.42	90.31	117.1	130.5	150
Operating Margin	21.88%	25.65%	32.62%	26.17%	25.98%	27.53%	27.4%	27.9%
Earnings before Tax (EBT) ¹	41.94	47.54	89.06	82.57	96.07	124.5	139.9	159.1
Net income ¹	34.37	36.37	71.02	59.74	74.54	95.17	107.9	123.2
Net margin	20.47%	18.51%	26.08%	18.97%	21.44%	22.38%	22.65%	22.92%
EPS ²	3,082	3,441	6,313	5,372	6,837	8,467	9,578	11,003
Free Cash Flow ³	49,041	53,013	124,047	86,339	110,956	115,774	116,798	136,407
FCF margin	29,213.92%	26,969.58%	45,556.09%	27,411.34%	31,918.83%	27,222.89%	24,523.17%	25,377.24%
FCF Conversion (EBITDA)	103,368.54%	82,732.08%	119,789.64%	86,879.53%	100,505.43%	84,294.64%	77,051.73%	80,951.85%
FCF Conversion (Net income)	142,681.67%	145,741.41%	174,659.92%	144,522.89%	148,861.74%	121,648.3%	108,273.28%	110,742.59%
Dividend per Share ²	550.0	552.9	730.0	730.0	850.0	895.2	958.6	996.4
Announcement Date	2/11/20	2/8/21	2/9/22	2/9/23	2/14/24	-	-	-

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	75.4	75.3	77.95	81.84	79.89	72.7	86.67	87.88	100.4	94.99	104.3	107	117.9	113.1	126.3
EBITDA ¹	-	-	-	-	-	-	28.4	-	31.86	33.76	35.9	36.39	39.61	-	-
EBIT ¹	24.59	23.12	23.19	20.65	15.45	18.38	23.63	21.9	26.4	28.67	28.31	28.25	31.29	33.4	39.4
Operating Margin	32.61%	30.7%	29.75%	25.24%	19.34%	25.29%	27.27%	24.92%	26.3%	30.18%	27.13%	26.41%	26.53%	29.53%	31.2%
Earnings before Tax (EBT) ¹	23.08	24.12	23.2	22.59	12.49	21.75	27.31	24.66	22.42	31.69	31.83	30.87	32.03	37.1	43.2
Net income ¹	16.82	19.6	19.56	17.17	3.199	16.65	22.79	19.32	15.85	24.69	24.53	23.98	23.76	28.9	33.7
Net margin	22.31%	26.03%	25.1%	20.98%	4%	22.9%	26.29%	21.98%	15.8%	26%	23.51%	22.41%	20.14%	25.55%	26.68%
EPS ²	1,471	1,724	-	-	-	-	-	-	-	-	2,151	2,184	2,270	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/9/22	4/28/22	7/29/22	10/28/22	2/9/23	4/28/23	7/31/23	10/31/23	2/14/24	4/29/24	-	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	56.9	86.4	114	132	193	341	439	543
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	49,041	53,013	124,047	86,339	110,956	115,774	116,798	136,407
ROE (net income / shareholders' equity)	32.5%	27%	39.8%	26.5%	28%	28.7%	25.3%	23.1%
ROA (Net income/ Total Assets)	17.8%	14%	20.3%	13.7%	14.3%	15.6%	15%	13.9%
Assets ¹	193	260.4	350.1	436.6	521.2	609.1	719	885.3
Book Value Per Share ³	10,947	13,485	19,053	22,109	26,840	33,892	42,583	53,012
Cash Flow per Share ³	5,455	6,516	11,851	9,073	10,973	12,003	12,847	14,554
Capex ¹	11.8	19.3	9.42	14.6	8.76	17	18.4	17.7
Capex / Sales	7.03%	9.82%	3.46%	4.63%	2.52%	4%	3.86%	3.29%
Announcement Date	2/11/20	2/8/21	2/9/22	2/9/23	2/14/24	-	-	-

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

Ratings for Soop Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

126,200 KRW

Average target price

150,955 KRW

Spread / Average Target

+19.62%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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