DAESANG CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23,350 KRW | +1.08% |
|
-2.71% | +12.53% |
| Jun. 03 | Daesang Boosts Korean Food Production in Vietnam to Meet Demand | MT |
| May. 16 | Daesang Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 821,990 | 927,177 | 830,798 | 780,236 | 755,052 | 834,408 | - | - |
| Enterprise Value (EV) 1 | 822,409 | 927,498 | 831,147 | 780,994 | 755,052 | 834,408 | 834,408 | 834,408 |
| P/E ratio | 7.8 x | 7.5 x | 5.82 x | 9.5 x | - | 7.39 x | 6.25 x | 5.89 x |
| Yield | 2.63% | 2.3% | 3.43% | 3.65% | 3.86% | 3.43% | 3.43% | 3.43% |
| Capitalization / Revenue | 0.28 x | 0.3 x | 0.24 x | 0.19 x | 0.18 x | 0.19 x | 0.19 x | 0.17 x |
| EV / Revenue | 0.28 x | 0.3 x | 0.24 x | 0.19 x | 0.18 x | 0.19 x | 0.19 x | 0.17 x |
| EV / EBITDA | 3.6 x | 3.32 x | 3.15 x | 2.92 x | - | 2.73 x | 2.75 x | 2.8 x |
| EV / FCF | 4.92 x | 53.7 x | -8.19 x | -2.94 x | - | 5.72 x | 7.66 x | 4.39 x |
| FCF Yield | 20.3% | 1.86% | -12.2% | -34% | - | 17.5% | 13.1% | 22.8% |
| Price to Book | 0.8 x | 0.83 x | 0.66 x | 0.56 x | 0.54 x | 0.6 x | 0.56 x | 0.52 x |
| Nbr of stocks (in thousands) | 36,018 | 36,018 | 36,018 | 36,018 | 36,018 | 36,018 | - | - |
| Reference price 2 | 23,200 | 26,050 | 23,300 | 21,900 | 20,750 | 23,350 | 23,350 | 23,350 |
| Announcement Date | 3/11/20 | 2/10/21 | 3/17/22 | 2/9/23 | 1/29/24 | - | - | - |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,978 | 3,114 | 3,470 | 4,084 | 4,110 | 4,339 | 4,471 | 4,805 |
| EBITDA 1 | 228.5 | 279.5 | 263.5 | 267.4 | - | 306 | 303 | 298 |
| EBIT 1 | 129.8 | 174.9 | 153.2 | 140 | 123.2 | 191.3 | 195 | 216 |
| Operating Margin | 4.36% | 5.62% | 4.42% | 3.43% | 3% | 4.41% | 4.36% | 4.5% |
| Earnings before Tax (EBT) 1 | 150.6 | 193.5 | 184.3 | 110.9 | - | 145.6 | 172 | 182 |
| Net income 1 | 107.2 | 130.2 | 144.1 | 83.07 | - | 111 | 131 | 139 |
| Net margin | 3.6% | 4.18% | 4.15% | 2.03% | - | 2.56% | 2.93% | 2.89% |
| EPS 2 | 2,976 | 3,473 | 4,001 | 2,306 | - | 3,159 | 3,736 | 3,962 |
| Free Cash Flow 3 | 167,165 | 17,251 | -101,453 | -265,291 | - | 146,000 | 109,000 | 190,000 |
| FCF margin | 5,612.48% | 554% | -2,923.73% | -6,495.73% | - | 3,364.6% | 2,437.93% | 3,954.21% |
| FCF Conversion (EBITDA) | 73,151.6% | 6,172.34% | - | - | - | 47,712.42% | 35,973.6% | 63,758.39% |
| FCF Conversion (Net income) | 155,931.52% | 13,250.72% | - | - | - | 131,531.53% | 83,206.11% | 136,690.65% |
| Dividend per Share 2 | 610.0 | 600.0 | 800.0 | 800.0 | 800.0 | 800.0 | 800.0 | 800.0 |
| Announcement Date | 3/11/20 | 2/10/21 | 3/17/22 | 2/9/23 | 1/29/24 | - | - | - |
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 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 905 | 986.8 | 1,026 | 1,062 | 1,009 | 989.6 | 1,004 | 990.4 | 1,045 | 1,061 | 1,189 | 1,045 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 17.37 | 42.78 | 48.62 | 34.42 | 14.18 | 24.9 | 33.63 | 13.51 | 47.7 | 53.6 | 67.7 | 22.4 |
| Operating Margin | 1.92% | 4.34% | 4.74% | 3.24% | 1.4% | 2.52% | 3.35% | 1.36% | 4.57% | 5.05% | 5.69% | 2.14% |
| Earnings before Tax (EBT) 1 | 63.36 | - | 39.79 | 12.6 | 18.6 | 18.32 | 31.73 | - | 27.18 | 48.2 | 54.3 | 16 |
| Net income | 50.92 | 28.95 | 28.92 | 6.215 | 18.98 | 13.16 | 26.79 | - | 20.39 | - | - | - |
| Net margin | 5.63% | 2.93% | 2.82% | 0.59% | 1.88% | 1.33% | 2.67% | - | 1.95% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/17/22 | 5/16/22 | 8/16/22 | 11/14/22 | 2/9/23 | 5/15/23 | 8/11/23 | 1/29/24 | 5/16/24 | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 419 | 321 | 348 | 758 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.834 x | 1.149 x | 1.322 x | 2.834 x | - | - | - | - |
| Free Cash Flow 1 | 167,165 | 17,251 | -101,453 | -265,291 | - | 146,000 | 109,000 | 190,000 |
| ROE (net income / shareholders' equity) | 11% | 12.3% | 12.5% | 6.19% | 5.06% | 8.1% | 8.95% | 8.9% |
| ROA (Net income/ Total Assets) | 4.67% | 5.28% | 5.34% | 2.74% | - | 3.7% | 4.9% | 4.9% |
| Assets 2 | 2,298 | 2,466 | 2,699 | 3,030 | - | 3,000 | 2,673 | 2,837 |
| Book Value Per Share 3 | 29,013 | 31,273 | 35,410 | 39,165 | 38,129 | 38,948 | 42,066 | 44,814 |
| Cash Flow per Share 3 | 4,644 | 3,494 | 1,693 | -2,625 | 10,819 | 7,584 | 7,565 | - |
| Capex 2 | 110 | 104 | 160 | 174 | 180 | 100 | 100 | - |
| Capex / Sales | 3.69% | 3.33% | 4.61% | 4.27% | 4.39% | 2.3% | 2.24% | - |
| Announcement Date | 3/11/20 | 2/10/21 | 3/17/22 | 2/9/23 | 1/29/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
23,350
KRW
Average target price
29,000
KRW
Spread / Average Target
+24.20%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.53% | 600M | |
| +0.22% | 288B | |
| -6.14% | 91.33B | |
| -6.25% | 43.27B | |
| +1.16% | 41.75B | |
| +6.39% | 40.46B | |
| +3.56% | 38.47B | |
| -15.44% | 30.57B | |
| -5.66% | 28.01B | |
| +9.21% | 24.46B |
- Stock Market
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- A001680 Stock
- Financials Daesang Corporation
