YG ENTERTAINMENT INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42,000 KRW | -0.83% |
|
-4.22% | -17.49% |
| Mar. 21 | YG Entertainment Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | BLACKPINK members renew contract, boosting shares in label YG Entertainment | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 493,762 | 816,687 | 1,019,321 | 811,698 | 943,506 | 788,242 | - | - |
| Enterprise Value (EV) 2 | 426.2 | 685 | 891.4 | 752.8 | 943.5 | 576.9 | 521.9 | 534.3 |
| P/E ratio | -22.9 x | 87 x | 153 x | 25.7 x | 15.4 x | 18.9 x | 11.3 x | 11.9 x |
| Yield | 0.55% | - | - | - | - | 0.67% | 0.69% | 0.51% |
| Capitalization / Revenue | 1.87 x | 3.2 x | 2.87 x | 2.07 x | 1.66 x | 1.62 x | 1.2 x | 1.2 x |
| EV / Revenue | 1.61 x | 2.68 x | 2.51 x | 1.92 x | 1.66 x | 1.18 x | 0.8 x | 0.81 x |
| EV / EBITDA | 21.4 x | 25.7 x | 13.8 x | 12.5 x | 8.86 x | 7 x | 4.52 x | 4.98 x |
| EV / FCF | 23.9 x | -92.1 x | 196 x | 16.3 x | - | 14.5 x | 6.19 x | 5.74 x |
| FCF Yield | 4.18% | -1.09% | 0.51% | 6.14% | - | 6.88% | 16.1% | 17.4% |
| Price to Book | 1.17 x | 2.32 x | 2.7 x | 1.98 x | - | 1.57 x | 1.38 x | 1.28 x |
| Nbr of stocks (in thousands) | 18,053 | 18,270 | 18,300 | 18,511 | 18,536 | 18,547 | - | - |
| Reference price 3 | 27,350 | 44,700 | 55,700 | 43,850 | 50,900 | 42,000 | 42,000 | 42,000 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/29/24 | - | - | - |
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 | 264.5 | 255.3 | 355.6 | 391.2 | 569.2 | 487.3 | 655.1 | 657.8 |
| EBITDA 1 | 19.91 | 26.67 | 64.72 | 60.07 | 106.5 | 82.37 | 115.5 | 107.2 |
| EBIT 1 | 2.025 | 10.75 | 50.56 | 46.64 | 86.93 | 56.15 | 96.61 | 91.35 |
| Operating Margin | 0.77% | 4.21% | 14.22% | 11.92% | 15.27% | 11.52% | 14.75% | 13.89% |
| Earnings before Tax (EBT) 1 | -1.993 | 20.49 | 39.42 | 53.86 | 93.19 | 65 | 109.6 | 102.1 |
| Net income 1 | -21.53 | 9.417 | 6.658 | 44.64 | 61.34 | 39.8 | 68.06 | 58.95 |
| Net margin | -8.14% | 3.69% | 1.87% | 11.41% | 10.78% | 8.17% | 10.39% | 8.96% |
| EPS 2 | -1,193 | 514.0 | 363.0 | 1,706 | 3,308 | 2,226 | 3,732 | 3,532 |
| Free Cash Flow 3 | 17,817 | -7,436 | 4,546 | 46,240 | - | 39,671 | 84,275 | 93,100 |
| FCF margin | 6,737% | -2,913.25% | 1,278.42% | 11,820.09% | - | 8,140.97% | 12,864.52% | 14,153.04% |
| FCF Conversion (EBITDA) | 89,484.84% | - | 7,025.25% | 76,979.97% | - | 48,162.97% | 72,993.21% | 86,817.58% |
| FCF Conversion (Net income) | - | - | 68,284.73% | 103,589.33% | - | 99,676.96% | 123,820.02% | 157,930.45% |
| Dividend per Share 2 | 150.0 | - | - | - | - | 281.6 | 291.4 | 213.5 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/29/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 85.97 | 88.99 | 75.52 | 76.03 | 114.7 | 125 | 157.5 | 158.3 | 144 | 109.4 | 98.42 | 124.7 | 122.6 | 134.3 | - |
| EBITDA | 20.94 | 16.96 | - | - | - | - | - | - | - | 11.26 | - | - | - | - | - |
| EBIT 1 | 17.33 | 13.24 | 6.099 | 9.333 | 15.54 | 15.68 | 36.45 | 28.87 | 21.22 | 0.3984 | 7.8 | 17.99 | 16.06 | 17.79 | - |
| Operating Margin | 20.16% | 14.88% | 8.08% | 12.28% | 13.55% | 12.54% | 23.14% | 18.24% | 14.73% | 0.36% | 7.93% | 14.42% | 13.1% | 13.25% | - |
| Earnings before Tax (EBT) 1 | 1.213 | 18.23 | 1.847 | 15.05 | 17.41 | 19.56 | 41.73 | 28.24 | 20.68 | 2.534 | 7.3 | 18.9 | 14.4 | 16.35 | - |
| Net income 1 | -3.143 | 5.745 | -0.073 | 5.884 | -13.08 | 25.75 | 24.78 | 21.72 | 10.61 | 4.235 | 4.5 | 13 | 12 | 8 | 7.9 |
| Net margin | -3.66% | 6.46% | -0.1% | 7.74% | -11.4% | 20.6% | 15.73% | 13.72% | 7.36% | 3.87% | 4.57% | 10.42% | 9.79% | 5.96% | - |
| EPS | -172.0 | - | - | - | -716.0 | 672.0 | - | 1,171 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 2/23/22 | 5/11/22 | 8/11/22 | 11/10/22 | 2/23/23 | 5/11/23 | 8/11/23 | 11/13/23 | 2/29/24 | - | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 67.6 | 132 | 128 | 58.9 | - | 211 | 266 | 254 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 17,817 | -7,436 | 4,546 | 46,240 | - | 39,671 | 84,275 | 93,100 |
| ROE (net income / shareholders' equity) | -5.66% | 0.75% | 5.05% | 8.84% | 13.9% | 8.12% | 12.4% | 10.2% |
| ROA (Net income/ Total Assets) | -4.44% | 0.59% | 1.15% | 7.01% | - | 6.47% | 10.3% | 9% |
| Assets 1 | 485.3 | 1,583 | 577.1 | 636.7 | - | 615 | 659.2 | 655 |
| Book Value Per Share 3 | 23,361 | 19,232 | 20,632 | 22,130 | - | 26,671 | 30,331 | 32,891 |
| Cash Flow per Share 3 | 3,300 | 1,410 | 2,016 | 2,977 | - | 5,925 | 6,582 | - |
| Capex 1 | 41.7 | 33.2 | 32.3 | 8.85 | - | 14.7 | 15.9 | 11 |
| Capex / Sales | 15.78% | 13.01% | 9.09% | 2.26% | - | 3.02% | 2.43% | 1.67% |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
42,000
KRW
Average target price
60,643
KRW
Spread / Average Target
+44.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.49% | 566M | |
| +8.49% | 18.16B | |
| -8.48% | 16.78B | |
| +18.61% | 7.81B | |
| +2.89% | 6.76B | |
| -30.45% | 3.42B | |
| -3.46% | 3.28B | |
| +25.00% | 2.9B | |
| +2.97% | 2.79B | |
| -3.33% | 2.17B |
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