Financials Korbank S.A.

Equities

KOR

PLKRBNK00019

Integrated Telecommunications Services

End-of-day quote Warsaw S.E. 03:30:00 13/06/2024 am IST 5-day change 1st Jan Change
7.4 PLN +0.68% Intraday chart for Korbank S.A. -1.99% -6.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11.06 19.55 27.15 49.12 37.52 39.25
Enterprise Value (EV) 1 15.05 23.16 33.92 61.28 58.71 58.95
P/E ratio 4 x 3.88 x 4.68 x 9.69 x 8.6 x 8.56 x
Yield - - - - - -
Capitalization / Revenue 0.52 x 0.69 x 0.93 x 1.47 x 1.01 x 1.04 x
EV / Revenue 0.71 x 0.81 x 1.17 x 1.83 x 1.59 x 1.56 x
EV / EBITDA 2.92 x 3.29 x 4.12 x 7.79 x 8.05 x 6.63 x
EV / FCF 5.88 x -11.6 x -5.72 x -8.9 x -6.53 x 94.2 x
FCF Yield 17% -8.65% -17.5% -11.2% -15.3% 1.06%
Price to Book 1.16 x 1.34 x 1.34 x 1.94 x 1.29 x 1.17 x
Nbr of stocks (in thousands) 4,937 4,937 4,937 4,937 4,937 4,937
Reference price 2 2.240 3.960 5.500 9.950 7.600 7.950
Announcement Date 30/05/19 31/07/20 28/05/21 30/05/22 30/05/23 29/05/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21.16 28.51 29.09 33.48 36.99 37.75
EBITDA 1 5.157 7.042 8.228 7.862 7.292 8.893
EBIT 1 3.853 5.823 6.729 6.208 5.635 6.487
Operating Margin 18.21% 20.43% 23.13% 18.54% 15.23% 17.19%
Earnings before Tax (EBT) 1 3.481 6.113 6.938 6.064 5.312 5.416
Net income 1 2.766 5.04 5.805 5.069 4.362 4.587
Net margin 13.07% 17.68% 19.95% 15.14% 11.79% 12.15%
EPS 2 0.5603 1.021 1.176 1.027 0.8836 0.9291
Free Cash Flow 1 2.561 -2.004 -5.926 -6.883 -8.987 0.6256
FCF margin 12.11% -7.03% -20.37% -20.56% -24.3% 1.66%
FCF Conversion (EBITDA) 49.66% - - - - 7.03%
FCF Conversion (Net income) 92.6% - - - - 13.64%
Dividend per Share - - - - - -
Announcement Date 30/05/19 31/07/20 28/05/21 30/05/22 30/05/23 29/05/24
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4 3.61 6.77 12.2 21.2 19.7
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.7747 x 0.5124 x 0.8227 x 1.547 x 2.906 x 2.216 x
Free Cash Flow 1 2.56 -2 -5.93 -6.88 -8.99 0.63
ROE (net income / shareholders' equity) 34% 41.7% 33.3% 22.3% 16% 14.6%
ROA (Net income/ Total Assets) 11% 13.3% 11.3% 8.1% 6.1% 6.38%
Assets 1 25.18 37.86 51.5 62.61 71.54 71.92
Book Value Per Share 2 1.930 2.960 4.090 5.120 5.910 6.790
Cash Flow per Share 2 0.2400 0.3900 0.5700 0.9900 0.8500 0.6800
Capex 1 2.52 5.3 9.81 10.6 13.1 3.2
Capex / Sales 11.93% 18.61% 33.73% 31.76% 35.51% 8.48%
Announcement Date 30/05/19 31/07/20 28/05/21 30/05/22 30/05/23 29/05/24
1PLN in Million2PLN
Estimates
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