Financials Industrial Bank of Korea LUXEMBOURG S.E.

Equities

IBKOR

US4560361028

Banks

End-of-day quote LUXEMBOURG S.E. 03:30:00 24/06/2024 am IST 5-day change 1st Jan Change
9.85 USD +1.55% Intraday chart for Industrial Bank of Korea +3.14% +7.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,10,452 65,29,793 76,66,296 78,30,722 94,57,471 1,09,56,631 - -
Enterprise Value (EV) 1 68,10,452 65,29,793 76,66,296 78,30,722 94,57,471 1,09,56,631 1,09,56,631 1,09,56,631
P/E ratio 5.26 x 4.47 x 3.58 x 2.96 x 3.75 x 3.96 x 3.84 x 3.62 x
Yield 5.68% 5.33% 7.57% 9.78% 8.3% 7.65% 8.18% 8.87%
Capitalization / Revenue 1.06 x 1.05 x 1.14 x 0.96 x 1.1 x 1.28 x 1.24 x 1.2 x
EV / Revenue 1.06 x 1.05 x 1.14 x 0.96 x 1.1 x 1.28 x 1.24 x 1.2 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.3 x 0.24 x 0.28 x 0.27 x 0.33 x 0.35 x 0.33 x 0.31 x
Nbr of stocks (in thousands) 5,77,157 7,38,664 7,44,301 7,97,426 7,97,426 7,97,426 - -
Reference price 2 11,800 8,840 10,300 9,820 11,860 13,740 13,740 13,740
Announcement Date 10/02/20 05/02/21 08/02/22 07/02/23 07/02/24 - - -
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,420 6,230 6,726 8,187 8,575 8,561 8,801 9,116
EBITDA - - - - - - - -
EBIT 1 3,758 3,800 4,127 3,796 5,890 5,759 5,942 6,215
Operating Margin 58.53% 60.99% 61.36% 46.37% 68.68% 67.27% 67.52% 68.17%
Earnings before Tax (EBT) 1 2,258 2,087 3,318 3,762 3,493 3,775 3,898 4,097
Net income 1 1,628 1,536 2,412 2,796 2,670 2,807 2,875 3,047
Net margin 25.35% 24.65% 35.87% 34.16% 31.13% 32.79% 32.67% 33.43%
EPS 2 2,242 1,977 2,877 3,320 3,162 3,474 3,580 3,796
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 670.0 471.0 780.0 960.0 984.0 1,052 1,124 1,219
Announcement Date 10/02/20 05/02/21 08/02/22 07/02/23 07/02/24 - - -
1KRW in Billions2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,725 1,794 1,947 2,119 2,326 2,474 2,097 2,032 2,220 2,075 2,159 2,181 2,046 2,151 2,285
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,069 1,134 1,242 1,091 329.4 915.6 848.6 1,420 1,544 1,378 1,407 1,530 1,408 - -
Operating Margin 61.97% 63.17% 63.79% 51.5% 14.16% 37.01% 40.47% 69.88% 69.55% 66.42% 65.16% 70.14% 68.82% - -
Earnings before Tax (EBT) 1 823.1 867.3 752.4 1,089 1,054 937.1 900.3 988.7 667 1,027 899.3 1,031 663.1 971.5 749.1
Net income 1 596.2 658.1 565 793.4 779.9 720.1 664 728.6 557 780.8 662.1 743.9 526.1 701 558.8
Net margin 34.57% 36.68% 29.02% 37.44% 33.53% 29.11% 31.66% 35.85% 25.09% 37.63% 30.66% 34.1% 25.71% 32.58% 24.46%
EPS 2 708.0 787.0 671.0 958.0 905.0 860.0 832.7 867.0 602.3 929.0 780.3 852.4 578.9 857.3 690.4
Dividend per Share 2 780.0 - - - 960.0 - - - 984.0 - - - 950.0 - -
Announcement Date 08/02/22 25/04/22 22/07/22 26/10/22 07/02/23 27/04/23 25/07/23 27/10/23 07/02/24 29/04/24 - - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.42% 6.46% 9.21% 9.87% 9.2% 9.18% 8.93% 8.96%
ROA (Net income/ Total Assets) 0.54% 0.46% 0.64% 0.67% 0.62% 0.6% 0.6% 0.6%
Assets 1 3,03,816 3,37,183 3,76,953 4,18,445 4,31,585 4,65,912 4,79,471 5,05,936
Book Value Per Share 2 39,281 37,454 36,888 36,302 36,485 38,894 41,408 43,738
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 10/02/20 05/02/21 08/02/22 07/02/23 07/02/24 - - -
1KRW in Billions2KRW
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
13,740 KRW
Average target price
15,305 KRW
Spread / Average Target
+11.39%
Consensus
  1. Stock Market
  2. Equities
  3. A024110 Stock
  4. IBKOR Stock
  5. Financials Industrial Bank of Korea