Income Statement Daebongls.Co.,Ltd.

Equities

A078140

KR7078140001

Pharmaceuticals

End-of-day quote Korea S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
17,210.00 ^KRW	-2.33%		+12.48%	+87.88%

04/09	Daebongls.Co.,Ltd. announced that it expects to receive KRW 30 billion in funding from Mirae Asset Securities Co., Ltd., KB Securities Co.,Ltd, Samsung Securities Co.,Ltd., NH Investment & Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., Lindeman Asia Investment Corporation and another investor	CI
14/08	Daebongls.Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: DAEBONGLS.CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.95TCr	7.63TCr	8.3TCr	9.35TCr	8.76TCr
Other Revenues, Total	-	-	-	-	-10
Total Revenues	6.95TCr	7.63TCr	8.3TCr	9.35TCr	8.76TCr
Cost of Goods Sold, Total	5.07TCr	5.57TCr	5.95TCr	6.87TCr	6.63TCr
Gross Profit	1.88TCr	2.06TCr	2.35TCr	2.48TCr	2.13TCr
Selling General & Admin Expenses, Total	698.02Cr	702.8Cr	868.05Cr	949.01Cr	1.03TCr
Provision for Bad Debts	-10.91L	-3.17Cr	4.59Cr	9.03Cr	11Cr
R&D Expenses	347.36Cr	361.68Cr	381.26Cr	511.77Cr	513.1Cr
Depreciation & Amortization - (IS)	63Cr	70Cr	70Cr	64Cr	79Cr
Amortization of Goodwill and Intangible Assets - (IS)	12Cr	13Cr	11Cr	7.36Cr	5.09Cr
Other Operating Expenses	24Cr	99Cr	43Cr	121.32Cr	114.01Cr
Other Operating Expenses, Total	1.14TCr	1.24TCr	1.38TCr	1.66TCr	1.75TCr
Operating Income	735.23Cr	812.22Cr	968.55Cr	817.44Cr	380.08Cr
Interest Expense, Total	-7.16Cr	-14Cr	-3.97Cr	-50Cr	-64Cr
Interest And Investment Income	51Cr	64Cr	148.83Cr	288.39Cr	574.83Cr
Net Interest Expenses	44Cr	50Cr	144.86Cr	238.47Cr	510.63Cr
Income (Loss) On Equity Invest.	-	-	-	-	140
Currency Exchange Gains (Loss)	9.55Cr	30.98L	13Cr	11Cr	20Cr
Other Non Operating Income (Expenses)	39Cr	20Cr	63Cr	69Cr	-107.54Cr
EBT, Excl. Unusual Items	827.77Cr	882.3Cr	1.19TCr	1.14TCr	803.06Cr
Impairment of Goodwill	-17Cr	-	-	-	-
Gain (Loss) On Sale Of Investments	-36Cr	-14Cr	31Cr	-66Cr	-171.93Cr
Gain (Loss) On Sale Of Assets	-1.09Cr	4L	-29.86L	1.36Cr	-65.92L
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	773.35Cr	867.86Cr	1.22TCr	1.07TCr	630.47Cr
Income Tax Expense	149.47Cr	128.4Cr	215.35Cr	-108.12Cr	12Cr
Earnings From Continuing Operations	623.88Cr	739.46Cr	1TCr	1.18TCr	618.18Cr
Net Income to Company	623.88Cr	739.46Cr	1TCr	1.18TCr	618.18Cr
Minority Interest	-51Cr	-157.38Cr	-325.3Cr	-316.62Cr	-199.96Cr
Net Income - (IS)	572.67Cr	582.08Cr	678.88Cr	862.77Cr	418.22Cr
Net Income to Common Incl Extra Items	572.67Cr	582.08Cr	678.88Cr	862.77Cr	418.22Cr
Net Income to Common Excl. Extra Items	572.67Cr	582.08Cr	678.88Cr	862.77Cr	418.22Cr
Per Share Items
Net EPS - Basic	516.54	526.41	619.36	788.05	382
Basic EPS - Continuing Operations	516.54	526.41	619.36	788.05	382
Basic Weighted Average Shares Outstanding	1.11Cr	1.11Cr	1.1Cr	1.09Cr	1.09Cr
Net EPS - Diluted	516.54	526	619	788	382
Diluted EPS - Continuing Operations	516.54	526	619	788	382
Diluted Weighted Average Shares Outstanding	1.11Cr	1.11Cr	1.1Cr	1.09Cr	1.09Cr
Normalized Basic EPS	420.46	356.37	381.22	359.29	275.8
Normalized Diluted EPS	420.46	356.37	381.22	359.29	275.8
Dividend Per Share	50	50	50	50	50
Payout Ratio	9.68	9.52	8.11	11.93	23.91
Supplemental Items
EBITDA	968.87Cr	1.07TCr	1.26TCr	1.13TCr	719.91Cr
EBITA	747.1Cr	824.83Cr	979.3Cr	824.8Cr	385.16Cr
EBIT	735.23Cr	812.22Cr	968.55Cr	817.44Cr	380.08Cr
EBITDAR	973.85Cr	1.08TCr	1.27TCr	1.14TCr	731.53Cr
Effective Tax Rate - (Ratio)	19.33	14.79	17.66	-10.09	1.95
Normalized Net Income	466.15Cr	394.06Cr	417.86Cr	393.35Cr	301.95Cr
Supplemental Operating Expense Items
Advertising Expense	17Cr	9.54Cr	67Cr	41Cr	25Cr
Marketing Expenses	2.68Cr	1.73Cr	1.71Cr	5.56Cr	6.49Cr
Selling and Marketing Expenses	124.54Cr	147.83Cr	237.37Cr	216.88Cr	216.35Cr
General and Administrative Expenses	7.28Cr	5.44Cr	5.97Cr	5.14Cr	4.59Cr
Research And Development Expense From Footnotes	347.36Cr	361.68Cr	381.26Cr	511.77Cr	513.1Cr
Net Rental Expense, Total	4.98Cr	6.34Cr	8.98Cr	8.04Cr	12Cr
Imputed Operating Lease Interest Expense	79.18L	1.06Cr	33.95L	1.8Cr	2.14Cr
Imputed Operating Lease Depreciation	4.19Cr	5.28Cr	8.64Cr	6.24Cr	9.48Cr
Maintenance & Repair Expenses, Total	9.04Cr	11Cr	12Cr	16Cr	14Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.17TCr	1TCr	613.39Cr	717.51Cr	1.42TCr
Short Term Investments	-	-	-	500Cr	-
Trading Asset Securities, Total	1.89TCr	6.09TCr	5.66TCr	7.71TCr	5.81TCr
Total Cash And Short Term Investments	3.06TCr	7.09TCr	6.27TCr	8.93TCr	7.23TCr
Accounts Receivable, Total	2.18TCr	1.95TCr	2.13TCr	2.32TCr	2.07TCr
Other Receivables	18Cr	20Cr	31Cr	95Cr	185.63Cr
Notes Receivable	-	-	60L	35Cr	309.78Cr
Total Receivables	2.2TCr	1.96TCr	2.16TCr	2.45TCr	2.56TCr
Inventory	1.51TCr	1.36TCr	1.4TCr	1.47TCr	1.37TCr
Prepaid Expenses	18Cr	36Cr	36Cr	38Cr	55Cr
Other Current Assets, Total	120.81Cr	104.41Cr	161.54Cr	130.2Cr	97Cr
Total Current Assets	6.9TCr	11TCr	10TCr	13TCr	11TCr
Gross Property Plant And Equipment	3.8TCr	4.63TCr	5.28TCr	5.8TCr	6.67TCr
Accumulated Depreciation	-1.22TCr	-1.41TCr	-1.62TCr	-1.85TCr	-2.08TCr
Net Property Plant And Equipment	2.59TCr	3.23TCr	3.66TCr	3.95TCr	4.58TCr
Long-term Investments	474.24Cr	944.78Cr	2.33TCr	1.34TCr	2.62TCr
Goodwill	-	-	-	-	-
Other Intangibles, Total	23Cr	30Cr	36Cr	47Cr	74Cr
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	35Cr	9.33Cr	584.96Cr
Deferred Tax Assets Long-Term	-	7Cr	5.4Cr	6.79Cr	10Cr
Deferred Charges Long-Term	18Cr	9.23Cr	2.89Cr	33.33L	-
Other Long-Term Assets, Total	208.98Cr	202.99Cr	226.76Cr	237.64Cr	298.59Cr
Total Assets	10TCr	15TCr	16TCr	19TCr	19TCr
Liabilities
Accounts Payable, Total	350.75Cr	359.5Cr	714.33Cr	703.4Cr	619.25Cr
Accrued Expenses, Total	112.08Cr	154.6Cr	145.82Cr	183.92Cr	200.47Cr
Short-term Borrowings	19Cr	19Cr	450.5Cr	2.14TCr	2.79TCr
Current Portion of Long-Term Debt	13Cr	-	166.66Cr	166.66Cr	162.5Cr
Current Portion of Leases	39Cr	42Cr	51Cr	50Cr	52Cr
Current Income Taxes Payable	61Cr	398.18Cr	108.51Cr	58Cr	12Cr
Other Current Liabilities	184.53Cr	278.56Cr	220.55Cr	180.22Cr	248.83Cr
Total Current Liabilities	780.68Cr	1.25TCr	1.86TCr	3.48TCr	4.09TCr
Long-Term Debt	500Cr	500Cr	291.66Cr	125Cr	12Cr
Long-Term Leases	102.57Cr	80Cr	78Cr	48Cr	38Cr
Pension & Other Post Retirement Benefits	1.03Cr	1.48Cr	1.89Cr	2.34Cr	2.74Cr
Deferred Tax Liability Non Current	332.4Cr	286.38Cr	317.95Cr	83Cr	-
Other Non Current Liabilities	5.18Cr	9.58Cr	24Cr	27Cr	31Cr
Total Liabilities	1.72TCr	2.13TCr	2.57TCr	3.77TCr	4.17TCr
Common Stock, Total	554.33Cr	554.33Cr	554.33Cr	554.33Cr	554.33Cr
Additional Paid In Capital	686.71Cr	2.53TCr	2.53TCr	2.5TCr	2.49TCr
Retained Earnings	6.84TCr	7.37TCr	7.99TCr	8.8TCr	9.16TCr
Treasury Stock	-	-73Cr	-	-	-
Comprehensive Income and Other	200	-110	-134.47Cr	-134.47Cr	-134.47Cr
Total Common Equity	8.08TCr	10TCr	11TCr	12TCr	12TCr
Minority Interest	409.7Cr	2.48TCr	2.81TCr	3.13TCr	3.25TCr
Total Equity	8.49TCr	13TCr	14TCr	15TCr	15TCr
Total Liabilities And Equity	10TCr	15TCr	16TCr	19TCr	19TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.11Cr	1.1Cr	1.09Cr	1.09Cr	1.09Cr
ECS Total Common Shares Outstanding	1.11Cr	1.1Cr	1.09Cr	1.09Cr	1.09Cr
Book Value / Share	7.29T	9.42T	9.99T	10.7T	11.03T
Tangible Book Value	8.06TCr	10TCr	11TCr	12TCr	12TCr
Tangible Book Value Per Share	7.27T	9.4T	9.96T	10.66T	10.96T
Total Debt	674.43Cr	640.32Cr	1.04TCr	2.53TCr	3.06TCr
Net Debt	-2.38TCr	-6.45TCr	-5.23TCr	-6.4TCr	-4.17TCr
Debt Equivalent Oper. Leases	40Cr	51Cr	72Cr	64Cr	93Cr
Minority Interest, Total (Incl. Fin. Div)	409.7Cr	2.48TCr	2.81TCr	3.13TCr	3.25TCr
Equity Method Investments, Total	346.52Cr	352.51Cr	365.37Cr	355.54Cr	352.79Cr
Inventories - Raw Materials, Total	172.18Cr	260.69Cr	254.81Cr	385.19Cr	363.75Cr
Inventories - Work In Process, Total	-	-	4.6Cr	15Cr	3.96Cr
Inventories - Finished Goods, Total	1.39TCr	1.2TCr	1.26TCr	1.18TCr	1.13TCr
Inventories - Others	-1T	-410	2.56T	870	280
Land - (BS)	1TCr	2.2TCr	2.2TCr	2.2TCr	2.2TCr
Buildings, Total	382.49Cr	382.63Cr	382.77Cr	937.35Cr	937.49Cr
Machinery, Total	1.1TCr	1.26TCr	1.47TCr	1.65TCr	1.8TCr
Accumulated Allowance for Doubtful Accounts (Supple)	58Cr	48Cr	52Cr	61Cr	69Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	572.67Cr	582.08Cr	678.88Cr	862.77Cr	418.22Cr
Depreciation & Amortization - CF	221.77Cr	246.82Cr	283.04Cr	304.14Cr	334.75Cr
Amortization of Goodwill and Intangible Assets - (CF)	12Cr	13Cr	11Cr	7.36Cr	5.09Cr
Depreciation & Amortization, Total	233.64Cr	259.44Cr	293.79Cr	311.49Cr	339.84Cr
(Gain) Loss From Sale Of Asset	1.09Cr	-4L	29.86L	-1.36Cr	65.92L
(Gain) Loss on Sale of Investments - (CF)	74.05L	10Cr	-18Cr	56Cr	169.18Cr
Asset Writedown & Restructuring Costs	17Cr	-	-	-	-
(Income) Loss On Equity Investments - (CF)	36Cr	4.01Cr	-13Cr	9.83Cr	2.75Cr
Stock-Based Compensation (CF)	-	-	5.01Cr	6.6Cr	6.57Cr
Provision and Write-off of Bad Debts	-10.91L	-3.17Cr	4.58Cr	9.03Cr	11Cr
Other Operating Activities, Total	161.08Cr	229.92Cr	83Cr	-58Cr	27Cr
Change In Accounts Receivable	42Cr	236.13Cr	-184.47Cr	-203.97Cr	-459Cr
Change In Inventories	-275.78Cr	102.67Cr	-56Cr	-65Cr	89Cr
Change In Accounts Payable	-119.88Cr	46.21L	354.83Cr	-26Cr	-69Cr
Change In Income Taxes	-	-6.51T	6.51T	2.44T	5.34T
Change in Other Net Operating Assets	-63Cr	148.23Cr	-139.34Cr	-24Cr	53Cr
Cash from Operations	604.58Cr	1.57TCr	1.01TCr	877.64Cr	588.87Cr
Capital Expenditure	-716.31Cr	-856.96Cr	-632.08Cr	-553.18Cr	-942.21Cr
Sale of Property, Plant, and Equipment	1.47Cr	20.91L	68.18L	3.82Cr	47.27L
Sale (Purchase) of Intangible assets	-3.84Cr	-11Cr	-10Cr	-12Cr	-16Cr
Investment in Marketable and Equity Securities, Total	-363.82Cr	-4.69TCr	-917.34Cr	-1.6TCr	948.7Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2Cr	79.61L	-34Cr	-9.4Cr	-190.58Cr
Other Investing Activities, Total	27Cr	12Cr	-18Cr	-8.24Cr	-23Cr
Cash from Investing	-1.06TCr	-5.55TCr	-1.61TCr	-2.18TCr	-223.28Cr
Short Term Debt Issued, Total	-	-	433.94Cr	2.18TCr	1.57TCr
Long-Term Debt Issued, Total	500Cr	-	-	-	50Cr
Total Debt Issued	500Cr	-	433.94Cr	2.18TCr	1.62TCr
Short Term Debt Repaid, Total	-	-20L	-2Cr	-456.22Cr	-913.48Cr
Long-Term Debt Repaid, Total	-63Cr	-65Cr	-100.45Cr	-220.09Cr	-221.24Cr
Total Debt Repaid	-63Cr	-65Cr	-102.45Cr	-676.31Cr	-1.13TCr
Issuance of Common Stock	316.38Cr	-	-	-	-
Repurchase of Common Stock	-	-73Cr	-62Cr	-	-61Cr
Common & Preferred Stock Dividends Paid	-55Cr	-55Cr	-55Cr	-102.96Cr	-100Cr
Common & Preferred Stock Dividends Paid	-55Cr	-55Cr	-55Cr	-102.96Cr	-100Cr
Other Financing Activities, Total	-	4.01TCr	-10	-10	15Cr
Cash from Financing	698.15Cr	3.82TCr	214.69Cr	1.4TCr	334.32Cr
Foreign Exchange Rate Adjustments	4L	-9.41Cr	8L	-2L	31.07L
Miscellaneous Cash Flow Adjustments	-	-	-	-10	-
Net Change in Cash	245.35Cr	-171.8Cr	-386.9Cr	104.13Cr	700.22Cr
Supplemental Items
Cash Interest Paid	7.14Cr	14Cr	3.81Cr	3.43Cr	64Cr
Cash Income Tax Paid (Refund)	70Cr	105.72Cr	472.52Cr	199.56Cr	145.48Cr
Levered Free Cash Flow	-394Cr	753.81Cr	-34Cr	-178.43Cr	-464.53Cr
Unlevered Free Cash Flow	-389.52Cr	762.39Cr	-31Cr	-147.22Cr	-424.41Cr
Change In Net Working Capital	362.54Cr	-862.89Cr	288.11Cr	404.2Cr	43Cr
Net Debt Issued / Repaid	437.2Cr	-65Cr	331.49Cr	1.51TCr	480.48Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.86	4.03	3.87	2.92	1.25
Return on Total Capital	5.46	4.48	4.28	3.18	1.33
Return On Equity %	7.75	6.93	7.55	8.25	4.1
Return on Common Equity	7.37	6.31	6.37	7.62	3.52
Margin Analysis
Gross Profit Margin %	27.02	26.96	28.27	26.52	24.32
SG&A Margin	10.04	9.22	10.46	10.15	11.73
EBITDA Margin %	13.93	14.05	15.22	12.07	8.22
EBITA Margin %	10.74	10.82	11.8	8.82	4.4
EBIT Margin %	10.57	10.65	11.68	8.74	4.34
Income From Continuing Operations Margin %	8.97	9.7	12.1	12.61	7.06
Net Income Margin %	8.24	7.63	8.18	9.23	4.77
Net Avail. For Common Margin %	8.24	7.63	8.18	9.23	4.77
Normalized Net Income Margin