Financials Chong Kun Dang Holdings Corp.

Equities

A001630

KR7001630003

Food Processing

End-of-day quote Korea S.E. Other stock markets 03:30:00 21/06/2024 am IST			5-day change	1st Jan Change
54,100 ^KRW	+0.37%		-1.99%	-8.61%

06/02	Tranche Update on Chong Kun Dang Holdings Corp.'s Equity Buyback Plan announced on August 12, 2022.	CI
06/02	Tranche Update on Chong Kun Dang Holdings Corp.'s Equity Buyback Plan announced on August 12, 2022.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,05,996	6,38,757	3,79,327	2,58,225	2,82,550	2,57,546	-
Enterprise Value (EV) ¹	5,06,056	6,38,919	3,79,528	2,58,225	2,82,550	2,57,546	2,57,546
P/E ratio	11.2 x	8.12 x	23.8 x	242 x	6.08 x	23.8 x	17.8 x
Yield	1.29%	1.1%	1.83%	-	2.36%	2.59%	2.59%
Capitalization / Revenue	0.7 x	0.75 x	0.41 x	-	0.32 x	0.29 x	0.28 x
EV / Revenue	0.7 x	0.75 x	0.41 x	-	0.32 x	0.29 x	0.28 x
EV / EBITDA	4.45 x	5.34 x	5.41 x	-	9.71 x	3.96 x	4.22 x
EV / FCF	-37 x	-13.2 x	-5.43 x	-	24 x	5.85 x	5.99 x
FCF Yield	-2.71%	-7.57%	-18.4%	-	4.17%	17.1%	16.7%
Price to Book	1.08 x	1.18 x	0.7 x	-	0.5 x	0.47 x	0.47 x
Nbr of stocks (in thousands)	5,010	5,010	4,959	4,872	4,773	4,761	-
Reference price ²	1,01,000	1,27,500	76,500	53,000	59,200	54,100	54,100
Announcement Date	12/02/20	09/02/21	10/02/22	14/03/23	13/02/24	-	-

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	720.6	853.8	926.2	-	879.8	896	914
EBITDA ¹	113.7	119.6	70.15	-	29.1	65	61
EBIT ¹	86.16	88.92	34.42	-	17.02	26	27
Operating Margin	11.96%	10.41%	3.72%	-	1.93%	2.9%	2.95%
Earnings before Tax (EBT) ¹	98.11	144.4	25.38	-	52.54	10	13
Net income ¹	45.03	113	24.58	1.074	49.41	11	15
Net margin	6.25%	13.24%	2.65%	-	5.62%	1.23%	1.64%
EPS ²	8,988	15,711	3,212	219.0	9,744	2,271	3,034
Free Cash Flow ³	-13,694	-48,369	-69,846	-	11,771	44,000	43,000
FCF margin	-1,900.25%	-5,664.82%	-7,541.52%	-	1,337.91%	4,910.71%	4,704.6%
FCF Conversion (EBITDA)	-	-	-	-	40,453.31%	67,692.31%	70,491.8%
FCF Conversion (Net income)	-	-	-	-	23,820.97%	4,00,000%	2,86,666.67%
Dividend per Share ²	1,300	1,400	1,400	-	1,400	1,400	1,400
Announcement Date	12/02/20	09/02/21	10/02/22	14/03/23	13/02/24	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	217.5	223	224.6
EBITDA	-	-	-
EBIT ¹	1.647	3.601	2.348
Operating Margin	0.76%	1.61%	1.05%
Earnings before Tax (EBT)	-	-	-
Net income	-	-	-
Net margin	-	-	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	11/08/23	14/11/23	13/02/24

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	60.2	162	200	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5298 x	1.354 x	2.857 x	-	-	-	-
Free Cash Flow ¹	-13,694	-48,369	-69,846	-	11,771	44,000	43,000
ROE (net income / shareholders' equity)	11.3%	14.3%	2.93%	-	6.06%	2.1%	2.7%
ROA (Net income/ Total Assets)	8.18%	9.68%	1.22%	-	3.32%	0.6%	0.9%
Assets ²	550.6	1,167	2,018	-	1,489	1,833	1,667
Book Value Per Share ³	93,600	1,07,870	1,08,637	-	1,18,253	1,14,002	1,15,705
Cash Flow per Share ³	-	13,290	-	-	7,700	12,884	12,272
Capex ²	125	115	100	-	25.4	-	-
Capex / Sales	17.34%	13.46%	10.85%	-	2.88%	-	-
Announcement Date	12/02/20	09/02/21	10/02/22	14/03/23	13/02/24	-	-

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

Ratings for Chong Kun Dang Holdings Corp.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

54,100 KRW

Average target price

63,000 KRW

Spread / Average Target

+16.45%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Special Foods & Wellbeing Products

	1st Jan change	Capi.
CHONG KUN DANG HOLDINGS CORP.	-8.61%	185M
ZHEJIANG NHU COMPANY LTD.	+13.80%	8.09B
BELLRING BRANDS, INC.	+0.47%	7.39B
CSPC INNOVATION PHARMACEUTICAL CO., LTD.	-8.08%	5.37B
THE SIMPLY GOOD FOODS COMPANY	-7.37%	3.63B
BYHEALTH CO., LTD	-19.73%	3.27B
XIAMEN KINGDOMWAY GROUP COMPANY	-12.00%	1.19B
HERBALIFE LTD.	-26.41%	1.13B
SIRIO PHARMA CO., LTD.	+0.89%	879M
USANA HEALTH SCIENCES, INC.	-14.72%	867M

Special Foods & Wellbeing Products