Financials Zinus, Inc

Equities

A013890

KR7013890009

Home Furnishings

End-of-day quote Korea S.E. 06:00:00 2024-07-10 pm EDT 5-day change 1st Jan Change
14,980 KRW -0.86% Intraday chart for Zinus, Inc +2.81% -8.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,255,429 1,434,155 1,174,477 640,350 328,026 298,663 - -
Enterprise Value (EV) 2 1,302 1,531 1,328 823.9 489.7 471.7 472.2 451.2
P/E ratio 16.4 x 28.7 x 23.3 x 21.4 x 62.5 x -12.2 x 16.9 x 13.1 x
Yield 1.35% 0.85% 1.1% 1.51% 0.55% 3% 3.46% 3.79%
Capitalization / Revenue 1.54 x 1.45 x 1.05 x 0.55 x 0.34 x 0.33 x 0.31 x 0.29 x
EV / Revenue 1.59 x 1.55 x 1.18 x 0.71 x 0.51 x 0.53 x 0.48 x 0.45 x
EV / EBITDA 10.6 x 13.8 x 12.5 x 7.63 x 7.97 x 21.4 x 5.98 x 5.28 x
EV / FCF -19.5 x -22.4 x 58.1 x -8.57 x 6.12 x 314 x 47.2 x 13.3 x
FCF Yield -5.14% -4.47% 1.72% -11.7% 16.3% 0.32% 2.12% 7.54%
Price to Book 3.36 x 3.15 x 2.55 x 1.03 x 0.53 x 0.55 x 0.54 x 0.53 x
Nbr of stocks (in thousands) 18,006 18,533 18,432 20,125 20,124 19,937 - -
Reference price 3 69,722 77,385 63,719 31,818 16,300 14,980 14,980 14,980
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 817.1 989.5 1,124 1,160 952.3 892 975 1,014
EBITDA 1 123 111.3 106.6 108 61.47 22 79 85.5
EBIT 1 103.9 86.72 74.34 65.56 18.34 -21 35 41.5
Operating Margin 12.71% 8.76% 6.61% 5.65% 1.93% -2.35% 3.59% 4.09%
Earnings before Tax (EBT) 1 92.46 57.45 70.17 43.56 0.625 -32.5 23.5 30.5
Net income 1 72.43 45.79 51.66 29.37 5.297 -26 19 24.5
Net margin 8.86% 4.63% 4.6% 2.53% 0.56% -2.91% 1.95% 2.42%
EPS 2 4,260 2,697 2,736 1,490 261.0 -1,224 886.0 1,147
Free Cash Flow 3 -66,934 -68,385 22,853 -96,156 79,977 1,500 10,000 34,000
FCF margin -8,191.28% -6,910.91% 2,033.45% -8,292.13% 8,398.49% 168.16% 1,025.64% 3,354.71%
FCF Conversion (EBITDA) - - 21,446.04% - 130,109.02% 6,818.18% 12,658.23% 39,766.08%
FCF Conversion (Net income) - - 44,239.39% - 1,509,862.54% - 52,631.58% 138,775.51%
Dividend per Share 2 939.1 661.2 702.5 481.8 90.00 450.0 518.0 567.0
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - - -
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 1 323.1 290.8 264.2 286.2 318.4 229.1 219.5 221.5 282.2 152.2 207 229.5 303
EBITDA - - - - - - - - - - - - -
EBIT 1 16.23 28.35 9.244 10.58 17.39 8.329 5.16 3.162 1.691 -19.1 -9 1 6.5
Operating Margin 5.02% 9.75% 3.5% 3.7% 5.46% 3.64% 2.35% 1.43% 0.6% -12.54% -4.35% 0.44% 2.15%
Earnings before Tax (EBT) 1 - - - - - - - - -12.72 -17.52 - 1 2
Net income 1 6.497 18.68 4.304 11.67 -5.282 5.44 5.5 1.333 -6.976 -13.46 -9 -3.5 0.5
Net margin 2.01% 6.42% 1.63% 4.08% -1.66% 2.37% 2.51% 0.6% -2.47% -8.84% -4.35% -1.53% 0.17%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 3/7/22 5/16/22 8/5/22 11/7/22 2/7/23 5/8/23 8/7/23 11/6/23 2/6/24 5/9/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 46.8 97.3 153 184 162 173 174 153
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.3804 x 0.8741 x 1.437 x 1.7 x 2.629 x 7.864 x 2.196 x 1.784 x
Free Cash Flow 2 -66,934 -68,385 22,853 -96,156 79,977 1,500 10,000 34,000
ROE (net income / shareholders' equity) 26.3% 11.6% 11.6% 5.32% 0.85% -4.2% 3.15% 4%
ROA (Net income/ Total Assets) 11.4% 5.54% 5.39% - 0.49% -1% 1.3% 1.9%
Assets 1 634.9 825.9 957.7 - 1,078 2,600 1,462 1,289
Book Value Per Share 3 20,779 24,574 25,014 31,029 31,019 27,194 27,660 28,262
Cash Flow per Share -1,297 411.0 4,606 -936.0 - - - -
Capex 1 44.9 75.4 65.2 77.7 21.4 21.5 24 24
Capex / Sales 5.49% 7.62% 5.8% 6.7% 2.24% 2.41% 2.46% 2.37%
Announcement Date 2/27/20 2/24/21 3/7/22 2/7/23 2/6/24 - - -
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
OUTPERFORM
Number of Analysts
2
Last Close Price
14,980 KRW
Average target price
15,000 KRW
Spread / Average Target
+0.13%
Consensus

Quarterly revenue - Rate of surprise