Financials Lotte Chilsung Beverage Co., Ltd. Korea S.E.

Equities

A005305

KR7005301007

Non-Alcoholic Beverages

End-of-day quote Korea S.E. Other stock markets 03:30:00 17/05/2024 am IST			5-day change	1st Jan Change
67,600 ^KRW	-0.44%		+0.15%	-1.46%

03/05	Lotte Chilsung Beverage Q1 Profit Slides 10%, Sales Jump 38%	MT
12/03	Lotte Chilsung Beverage Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,06,250	9,66,366	12,83,247	16,90,922	14,13,471	12,67,017	-	-
Enterprise Value (EV) ²	2,416	2,303	2,372	2,890	1,413	2,738	2,574	2,866
P/E ratio	-7.8 x	-51.6 x	10 x	13.8 x	-	8.94 x	6.95 x	6.87 x
Yield	1.93%	2.49%	2.25%	1.88%	-	2.61%	2.67%	2.64%
Capitalization / Revenue	0.46 x	0.43 x	0.51 x	0.6 x	0.44 x	0.31 x	0.29 x	0.28 x
EV / Revenue	0.99 x	1.02 x	0.95 x	1.02 x	0.44 x	0.66 x	0.59 x	0.63 x
EV / EBITDA	8.9 x	9.28 x	6.97 x	7.49 x	-	6.33 x	5.32 x	5.89 x
EV / FCF	-127 x	13.2 x	20 x	24.9 x	-	25 x	20.2 x	24.8 x
FCF Yield	-0.79%	7.56%	5%	4.02%	-	4%	4.94%	4.04%
Price to Book	0.86 x	0.81 x	0.87 x	1.17 x	-	0.84 x	0.76 x	0.72 x
Nbr of stocks (in thousands)	8,210	9,192	9,916	10,054	10,054	10,054	-	-
Reference price ³	1,40,000	1,08,500	1,33,500	1,76,000	1,46,600	1,30,900	1,30,900	1,30,900
Announcement Date	10/02/20	05/02/21	07/02/22	06/02/23	05/02/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,430	2,258	2,506	2,842	3,225	4,143	4,362	4,564
EBITDA ¹	271.4	248.1	340.2	386	-	432.9	483.7	486.6
EBIT ¹	107.7	97.23	182.2	222.9	210.7	234.6	294.2	297.5
Operating Margin	4.43%	4.31%	7.27%	7.84%	6.53%	5.66%	6.74%	6.52%
Earnings before Tax (EBT) ¹	-137.9	-22.92	175	169.4	207.4	182.3	247.9	244.1
Net income ¹	-142.4	-12.51	135.5	128.4	165.9	141.1	182.5	184.2
Net margin	-5.86%	-0.55%	5.41%	4.52%	5.14%	3.41%	4.18%	4.04%
EPS ²	-17,939	-2,104	13,341	12,754	-	14,637	18,821	19,064
Free Cash Flow ³	-19,059	1,74,111	1,18,691	1,16,136	-	1,09,629	1,27,243	1,15,667
FCF margin	-784.47%	7,710.95%	4,736.11%	4,086.78%	-	2,646.07%	2,916.95%	2,534.42%
FCF Conversion (EBITDA)	-	70,167.84%	34,887.94%	30,086.25%	-	25,323.58%	26,306.76%	23,772.82%
FCF Conversion (Net income)	-	-	87,584.65%	90,441.51%	-	77,695.66%	69,709.38%	62,780.43%
Dividend per Share ²	2,700	2,700	3,000	3,300	-	3,420	3,490	3,460
Announcement Date	10/02/20	05/02/21	07/02/22	06/02/23	05/02/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	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
Net sales ¹	698.8	599.6	626.3	762.2	784.3	669	679.8	796.2	830.4	918.4	936.9	1,102	1,096	971
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	85.41	18.94	59.71	63.78	74.99	24.37	59.3	59.16	84.25	7.959	36.76	64.84	96	34.01
Operating Margin	12.22%	3.16%	9.53%	8.37%	9.56%	3.64%	8.72%	7.43%	10.15%	0.87%	3.92%	5.88%	8.76%	3.5%
Earnings before Tax (EBT) ¹	118.4	-3.248	49.81	53.59	63.33	2.661	40.98	44.11	86.99	35.28	22.18	47.05	77.6	14.27
Net income ¹	91.77	-3.661	36.7	39.92	46.22	5.567	29.87	32.05	66.57	37.4	17.58	37.56	60.12	13.52
Net margin	13.13%	-0.61%	5.86%	5.24%	5.89%	0.83%	4.39%	4.03%	8.02%	4.07%	1.88%	3.41%	5.49%	1.39%
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	28/10/21	07/02/22	02/05/22	01/08/22	03/11/22	06/02/23	02/05/23	02/08/23	02/11/23	05/02/24	02/05/24	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,310	1,336	1,089	1,199	-	1,471	1,307	1,599
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.826 x	5.386 x	3.2 x	3.106 x	-	3.399 x	2.702 x	3.287 x
Free Cash Flow ²	-19,059	1,74,111	1,18,691	1,16,136	-	1,09,629	1,27,243	1,15,667
ROE (net income / shareholders' equity)	-11.7%	-0.97%	9.97%	9.11%	-	9.45%	11.1%	10.5%
ROA (Net income/ Total Assets)	-4.39%	-0.37%	3.84%	3.52%	-	3.71%	4.46%	3.9%
Assets ¹	3,248	3,423	3,531	3,646	-	3,802	4,097	4,724
Book Value Per Share ³	1,62,148	1,34,689	1,53,761	1,50,133	-	1,56,329	1,72,200	1,82,732
Cash Flow per Share ³	17,704	38,900	35,177	28,919	-	37,837	38,762	38,151
Capex ¹	153	129	202	152	-	208	221	199
Capex / Sales	6.3%	5.73%	8.08%	5.36%	-	5.01%	5.06%	4.35%
Announcement Date	10/02/20	05/02/21	07/02/22	06/02/23	05/02/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Lotte Chilsung Beverage Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,30,900 KRW

Average target price

1,86,000 KRW

Spread / Average Target

+42.09%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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ARCA CONTINENTAL, S.A.B. DE C.V.	-10.02%	1.71TCr
COCA-COLA HELLENIC	+20.78%	1.29TCr
SWIRE PACIFIC LIMITED	+4.08%	1.13TCr
SUNTORY BEVERAGE & FOOD LIMITED	+22.34%	1.13TCr
COCA-COLA CONSOLIDATED, INC.	+0.93%	878.31Cr

Other Non-Alcoholic Beverages