Financials AhnLab, Inc.

Equities

A053800

KR7053800009

Software

End-of-day quote Korea S.E. 03:30:00 20/05/2024 am IST 5-day change 1st Jan Change
63,700 KRW +0.31% Intraday chart for AhnLab, Inc. -2.00% -7.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,03,020 5,68,919 6,61,857 8,59,024 5,79,342 5,98,450
Enterprise Value (EV) 1 2,76,237 4,38,715 5,08,466 7,08,757 3,84,829 4,51,028
P/E ratio 17.6 x 29.7 x 35.6 x 20.4 x 40.9 x 16.7 x
Yield 1.94% 1.37% 1.18% 1.11% 1.65% 1.89%
Capitalization / Revenue 2.52 x 3.41 x 3.71 x 4.14 x 2.54 x 2.5 x
EV / Revenue 1.73 x 2.63 x 2.85 x 3.42 x 1.69 x 1.89 x
EV / EBITDA 10.7 x 16.2 x 17.9 x 22.7 x 11.1 x 13 x
EV / FCF 12.3 x 46.4 x 33.8 x 36.7 x 16.3 x 20.2 x
FCF Yield 8.14% 2.16% 2.96% 2.73% 6.12% 4.96%
Price to Book 2.07 x 2.77 x 3.06 x 3.42 x 2.27 x 2.12 x
Nbr of stocks (in thousands) 8,686 8,686 8,686 8,686 8,686 8,686
Reference price 2 46,400 65,500 76,200 98,900 66,700 68,900
Announcement Date 18/03/19 18/03/20 16/03/21 16/03/22 17/03/23 20/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,59,815 1,66,992 1,78,187 2,07,272 2,27,975 2,39,201
EBITDA 1 25,770 27,126 28,459 31,270 34,521 34,739
EBIT 1 17,701 18,424 19,977 22,933 25,877 26,187
Operating Margin 11.08% 11.03% 11.21% 11.06% 11.35% 10.95%
Earnings before Tax (EBT) 1 25,362 21,775 21,480 50,303 16,542 41,551
Net income 1 22,846 19,142 18,567 42,162 14,170 35,827
Net margin 14.3% 11.46% 10.42% 20.34% 6.22% 14.98%
EPS 2 2,630 2,204 2,138 4,854 1,631 4,125
Free Cash Flow 1 22,486 9,465 15,058 19,333 23,551 22,364
FCF margin 14.07% 5.67% 8.45% 9.33% 10.33% 9.35%
FCF Conversion (EBITDA) 87.26% 34.89% 52.91% 61.83% 68.22% 64.38%
FCF Conversion (Net income) 98.43% 49.45% 81.1% 45.85% 166.2% 62.42%
Dividend per Share 2 900.0 900.0 900.0 1,100 1,100 1,300
Announcement Date 18/03/19 18/03/20 16/03/21 16/03/22 17/03/23 20/03/24
1KRW in Million2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,26,784 1,30,204 1,53,391 1,50,266 1,94,513 1,47,423
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 22,486 9,465 15,058 19,333 23,551 22,364
ROE (net income / shareholders' equity) 12.1% 9.57% 8.74% 17.8% 5.52% 12.8%
ROA (Net income/ Total Assets) 4.72% 4.56% 4.62% 4.63% 4.73% 4.54%
Assets 1 4,83,630 4,19,759 4,02,278 9,10,518 2,99,294 7,88,487
Book Value Per Share 2 22,381 23,679 24,923 28,881 29,416 32,433
Cash Flow per Share 2 4,053 2,807 2,485 4,035 4,165 3,782
Capex 1 5,289 5,522 5,152 5,113 3,962 6,574
Capex / Sales 3.31% 3.31% 2.89% 2.47% 1.74% 2.75%
Announcement Date 18/03/19 18/03/20 16/03/21 16/03/22 17/03/23 20/03/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

1st Jan change Capi.
-7.55% 407M
-18.76% 217B
-6.00% 68.84B
+0.22% 58.49B
-9.07% 47.36B
-0.07% 40.57B
-6.22% 34.3B
-9.45% 28.69B
+112.22% 27.82B
+5.17% 22.03B
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