KOREA AEROSPACE INDUSTRIES, LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 52,800 KRW | +0.57% |
|
+7.32% | +5.60% |
| Apr. 23 | South Korea, Romania pledge defence cooperation amid reports of contract in works | RE |
| Apr. 16 | Korea Aerospace Industries to Provide eVTOL Components to Brazilian Aircraft Manufacturer | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,319,027 | 2,514,858 | 3,163,067 | 4,961,483 | 4,873,755 | 5,146,686 | - | - |
| Enterprise Value (EV) 2 | 3,848 | 2,816 | 3,480 | 4,061 | 4,874 | 4,497 | 4,279 | 5,147 |
| P/E ratio | 19.5 x | 33.7 x | 49.5 x | 41.9 x | 21.8 x | 25.4 x | 18 x | 14.6 x |
| Yield | 1.17% | 0.78% | 0.62% | 0.49% | - | 0.74% | 0.88% | 1.2% |
| Capitalization / Revenue | 1.07 x | 0.89 x | 1.23 x | 1.78 x | 1.28 x | 1.37 x | 1.18 x | 1.06 x |
| EV / Revenue | 1.24 x | 1 x | 1.36 x | 1.46 x | 1.28 x | 1.19 x | 0.98 x | 1.06 x |
| EV / EBITDA | 9.82 x | 10.3 x | 16.8 x | 14.7 x | 13.2 x | 11.9 x | 9.02 x | 9.37 x |
| EV / FCF | 23 x | 5.87 x | 9.77 x | 3.22 x | - | 19.3 x | 13.3 x | - |
| FCF Yield | 4.35% | 17% | 10.2% | 31.1% | - | 5.17% | 7.54% | - |
| Price to Book | 2.91 x | 2.1 x | 2.49 x | 3.47 x | - | 2.9 x | 2.54 x | 2.24 x |
| Nbr of stocks (in thousands) | 97,475 | 97,475 | 97,475 | 97,475 | 97,475 | 97,475 | - | - |
| Reference price 3 | 34,050 | 25,800 | 32,450 | 50,900 | 50,000 | 52,800 | 52,800 | 52,800 |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
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 | 3,110 | 2,825 | 2,562 | 2,787 | 3,819 | 3,767 | 4,362 | 4,840 |
| EBITDA 1 | 392.1 | 273.9 | 207 | 276.8 | 368.5 | 379 | 474.6 | 549 |
| EBIT 1 | 275.6 | 139.5 | 57.79 | 141.6 | 247.5 | 239.1 | 339.7 | 431.7 |
| Operating Margin | 8.86% | 4.94% | 2.26% | 5.08% | 6.48% | 6.35% | 7.79% | 8.92% |
| Earnings before Tax (EBT) 1 | 129.5 | 82.49 | 54.06 | 122.1 | 260.9 | 245.2 | 350.4 | 438.4 |
| Net income 1 | 170.4 | 74.62 | 63.7 | 118.5 | 221.8 | 202.4 | 285.8 | 353.5 |
| Net margin | 5.48% | 2.64% | 2.49% | 4.25% | 5.81% | 5.37% | 6.55% | 7.3% |
| EPS 2 | 1,748 | 766.0 | 656.0 | 1,215 | 2,298 | 2,078 | 2,934 | 3,626 |
| Free Cash Flow 3 | 167,278 | 479,454 | 356,037 | 1,262,950 | - | 232,543 | 322,817 | - |
| FCF margin | 5,378.44% | 16,971% | 13,895.31% | 45,317.57% | - | 6,173.72% | 7,401.28% | - |
| FCF Conversion (EBITDA) | 42,667.25% | 175,067.12% | 171,968.13% | 456,275.12% | - | 61,350.45% | 68,013.36% | - |
| FCF Conversion (Net income) | 98,166.25% | 642,533.22% | 558,928.09% | 1,066,115.83% | - | 114,900.52% | 112,963.88% | - |
| Dividend per Share 2 | 400.0 | 200.0 | 200.0 | 250.0 | - | 392.1 | 467.1 | 633.3 |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 445.1 | 796.9 | 640.7 | 668.5 | 608.9 | 868.8 | 568.7 | 733.5 | 1,007 | 1,510 | 804.9 | 925.9 | 847.6 | 1,172 |
| EBITDA | - | - | - | 66.2 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2.8 | -13.4 | 39.2 | 34.4 | 30.5 | 37.49 | 19.4 | 8.4 | 65.4 | 154.3 | 45.67 | 55.19 | 52.6 | 72.69 |
| Operating Margin | 0.63% | -1.68% | 6.12% | 5.15% | 5.01% | 4.32% | 3.41% | 1.15% | 6.49% | 10.22% | 5.67% | 5.96% | 6.21% | 6.2% |
| Earnings before Tax (EBT) 1 | 13 | -35 | 45.3 | 61.6 | 64 | -48.76 | 40.1 | 12 | 64.3 | 144.5 | 53.88 | 60.47 | 55.97 | 84.83 |
| Net income 1 | 7.9 | -11.5 | 37.5 | 50.7 | 52.6 | -22.4 | 30.6 | 10.7 | 53.2 | 130 | 42.22 | 48.73 | 46.3 | 68.7 |
| Net margin | 1.77% | -1.44% | 5.85% | 7.58% | 8.64% | -2.58% | 5.38% | 1.46% | 5.28% | 8.61% | 5.25% | 5.26% | 5.46% | 5.86% |
| EPS | 81.00 | -115.0 | 385.0 | 520.0 | 540.0 | -230.0 | 314.0 | 109.0 | 546.0 | 1,328 | - | - | - | - |
| Dividend per Share 2 | - | 200.0 | - | - | - | 250.0 | - | - | - | - | - | - | - | 400.0 |
| Announcement Date | 10/28/21 | 2/11/22 | 5/2/22 | 8/8/22 | 10/31/22 | 2/14/23 | 5/8/23 | 8/7/23 | 11/7/23 | 2/2/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 529 | 301 | 317 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 900 | - | 650 | 867 | - |
| Leverage (Debt/EBITDA) | 1.35 x | 1.1 x | 1.529 x | - | - | - | - | - |
| Free Cash Flow 2 | 167,278 | 479,454 | 356,037 | 1,262,950 | - | 232,543 | 322,817 | - |
| ROE (net income / shareholders' equity) | 15.8% | 6.39% | 4.19% | 8.43% | 14.4% | 11.8% | 14.7% | 15.9% |
| ROA (Net income/ Total Assets) | 4.2% | 1.57% | 1.16% | 1.74% | - | 2.7% | 3.46% | 3.9% |
| Assets 1 | 4,061 | 4,763 | 5,490 | 6,814 | - | 7,496 | 8,251 | 9,064 |
| Book Value Per Share 3 | 11,714 | 12,264 | 13,023 | 14,648 | - | 18,218 | 20,775 | 23,600 |
| Cash Flow per Share 3 | 3,637 | 7,514 | 4,514 | 15,313 | - | 3,480 | 4,830 | 5,600 |
| Capex 1 | 187 | 253 | 83.9 | 230 | - | 132 | 143 | 132 |
| Capex / Sales | 6.02% | 8.95% | 3.28% | 8.24% | - | 3.5% | 3.27% | 2.73% |
| Announcement Date | 3/10/20 | 2/9/21 | 2/11/22 | 2/14/23 | 2/2/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
52,800
KRW
Average target price
67,250
KRW
Spread / Average Target
+27.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.60% | 3.74B | |
| +21.46% | 135B | |
| +11.15% | 77.91B | |
| +22.06% | 50.29B | |
| +38.07% | 43.87B | |
| +2.05% | 40.69B | |
| +43.28% | 31.95B | |
| +82.65% | 24.31B | |
| +20.28% | 23.26B | |
| +27.89% | 20.94B |
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