Financials EMRO., Incorporated.

Equities

A058970

KR7058970005

Software

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
66,800 ^KRW	-0.30%		-2.62%	-3.19%

2023	EMRO., Incorporated.(KOSDAQ:A058970) added to S&P Global BMI Index	CI
2023	Samsung SDS Co.,Ltd. completed the acquisition of 33.39% stake in EMRO., Incorporated. from Jaemin Song, Jaeyeop Kim, and Sungwoong Shin.	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	56,817	220,841	147,439	773,636	751,212	-
Enterprise Value (EV) ²	56.82	201.5	147.4	763.3	782	775.4
P/E ratio	12.1 x	18.5 x	22.8 x	-28.9 x	165 x	131 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	1.27 x	4.7 x	2.52 x	12.2 x	6.2 x	8.41 x
EV / Revenue	1.27 x	4.29 x	2.52 x	12.1 x	6.45 x	8.68 x
EV / EBITDA	-	21.4 x	15.4 x	94.4 x	26.6 x	54.6 x
EV / FCF	-	58.5 x	-5.57 x	142 x	81.9 x	152 x
FCF Yield	-	1.71%	-17.9%	0.7%	1.22%	0.66%
Price to Book	-	5.31 x	2.91 x	28.4 x	20.9 x	22.5 x
Nbr of stocks (in thousands)	9,630	10,852	11,212	11,212	11,212	-
Reference price ³	5,900	20,350	13,150	69,000	67,000	67,000
Announcement Date	3/31/21	2/10/22	3/23/23	1/24/24	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	44.85	47.01	58.62	63.17	121.2	89.3
EBITDA ¹	-	9.408	9.577	8.09	29.35	14.2
EBIT ¹	-	6.727	6.485	4.663	9.5	11.1
Operating Margin	-	14.31%	11.06%	7.38%	7.84%	12.43%
Earnings before Tax (EBT) ¹	-	6.616	7.924	-27.09	6.05	7.4
Net income ¹	-	5.228	6.42	-26.45	4.55	5.7
Net margin	-	11.12%	10.95%	-41.88%	3.75%	6.38%
EPS ²	487.0	1,098	578.0	-2,385	407.0	512.0
Free Cash Flow ³	-	3,441	-26,454	5,360	9,550	5,100
FCF margin	-	7,319.52%	-45,125.39%	8,485.24%	7,876.29%	5,711.09%
FCF Conversion (EBITDA)	-	36,577.13%	-	66,263.3%	32,538.33%	35,915.49%
FCF Conversion (Net income)	-	65,818.54%	-	-	209,890.11%	89,473.68%
Dividend per Share	-	-	-	-	-	-
Announcement Date	3/31/21	2/10/22	3/23/23	1/24/24	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3
Net sales ¹	13.39	15.15	15.42
EBITDA	-	-	-
EBIT ¹	0.62	1.79	2.169
Operating Margin	4.63%	11.82%	14.07%
Earnings before Tax (EBT)	-	-	-
Net income ¹	1.717	1.231	1.761
Net margin	12.82%	8.13%	11.42%
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	5/2/22	8/8/22	11/7/22

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	30.8	24.2
Net Cash position ¹	-	19.4	-	10.3	-	-
Leverage (Debt/EBITDA)	-	-	-	-	1.049 x	1.704 x
Free Cash Flow ²	-	3,441	-26,454	5,360	9,550	5,100
ROE (net income / shareholders' equity)	-	19.3%	13.9%	-66.3%	10.8%	18.8%
ROA (Net income/ Total Assets)	-	9.07%	9.92%	-32.8%	-5.7%	7.6%
Assets ¹	-	57.64	64.72	80.75	-79.82	75
Book Value Per Share ³	-	3,833	4,519	2,428	3,201	2,978
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	1.23	32	1.3	1.1	5.3
Capex / Sales	-	2.62%	54.58%	2.06%	0.91%	5.94%
Announcement Date	3/31/21	2/10/22	3/23/23	1/24/24	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for EMRO., Incorporated.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

67,000 KRW

Average target price

153,000 KRW

Spread / Average Target

+128.36%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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