Financials MegaStudyEdu Co. Ltd

Equities

A215200

KR7215200007

Miscellaneous Educational Service Providers

End-of-day quote Korea S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
60,800 KRW -1.78% Intraday chart for MegaStudyEdu Co. Ltd -4.10% +0.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,83,637 4,58,692 9,70,781 9,37,793 7,05,691 6,74,510 - -
Enterprise Value (EV) 1 4,83,627 4,58,710 9,70,749 9,37,918 7,05,691 6,74,510 6,74,510 6,74,510
P/E ratio 10.3 x 21.3 x 12 x 9.05 x 7.48 x 6.38 x 5.91 x 5.41 x
Yield 2.65% 1.92% 2.43% 2.64% - 4.37% 5.6% 6.05%
Capitalization / Revenue 1.11 x 0.97 x 1.38 x 1.12 x 0.75 x 0.68 x 0.64 x 0.61 x
EV / Revenue 1.11 x 0.97 x 1.38 x 1.12 x 0.75 x 0.68 x 0.64 x 0.61 x
EV / EBITDA 5.27 x 5.34 x 6.04 x 4.52 x 3.44 x 2.95 x 2.73 x 2.61 x
EV / FCF 14.2 x 5.69 x 5.89 x 12.3 x - 3.68 x 4.05 x 3.67 x
FCF Yield 7.03% 17.6% 17% 8.13% - 27.2% 24.7% 27.3%
Price to Book 1.99 x 1.74 x 2.86 x 2.23 x - 1.23 x 1.09 x 0.96 x
Nbr of stocks (in thousands) 11,654 11,761 11,781 11,781 11,626 11,223 - -
Reference price 2 41,500 39,000 82,400 79,600 60,700 60,100 60,100 60,100
Announcement Date 11/03/20 10/03/21 10/02/22 15/02/23 16/02/24 - - -
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 437.3 474.7 704.1 836 935.2 994.7 1,054 1,109
EBITDA 1 91.72 85.96 160.6 207.3 205.2 228.6 246.9 258.5
EBIT 1 59.64 32.82 99.31 134.4 127.4 142.2 156.6 171.5
Operating Margin 13.64% 6.91% 14.11% 16.08% 13.63% 14.3% 14.85% 15.47%
Earnings before Tax (EBT) 1 61.25 28.52 109.9 133.2 126.9 145.1 157.7 173.3
Net income 1 48.43 20.99 81.96 102.5 94.61 109.8 118.6 129.2
Net margin 11.07% 4.42% 11.64% 12.27% 10.12% 11.03% 11.25% 11.66%
EPS 2 4,024 1,829 6,890 8,793 8,118 9,415 10,166 11,104
Free Cash Flow 3 33,977 80,659 1,64,903 76,277 - 1,83,400 1,66,750 1,84,000
FCF margin 7,768.93% 16,991.02% 23,420.9% 9,124.52% - 18,437.26% 15,818.68% 16,598.51%
FCF Conversion (EBITDA) 37,043.15% 93,838.23% 1,02,676.14% 36,797.33% - 80,209.93% 67,546.58% 71,170.71%
FCF Conversion (Net income) 70,161.06% 3,84,193.69% 2,01,204.29% 74,385.09% - 1,67,107.06% 1,40,638.17% 1,42,378.13%
Dividend per Share 2 1,100 750.0 2,000 2,100 - 2,625 3,367 3,633
Announcement Date 11/03/20 10/03/21 10/02/22 15/02/23 16/02/24 - - -
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 1 196 174 216.1 197.3 232.7 189.9 242.6 222.4 261 209.2 251.8 233.4 280.5 223.9
EBITDA - - - - - - - - - - - - - -
EBIT 1 49 7.891 25.55 42.66 58.84 7.369 24.17 42.76 59 1.507 23.5 45.8 65.1 5
Operating Margin 25% 4.53% 11.82% 21.62% 25.28% 3.88% 9.96% 19.23% 22.61% 0.72% 9.33% 19.62% 23.21% 2.23%
Earnings before Tax (EBT) 1 49.34 14.23 26.26 41.61 58.72 6.584 25.39 42.33 58.18 1.035 24.2 46.5 66.4 4.6
Net income 1 35.22 10.04 21.7 31.42 42.32 7.097 20.84 32.02 42.59 -0.852 18.8 35 49.2 3.4
Net margin 17.97% 5.77% 10.04% 15.93% 18.19% 3.74% 8.59% 14.4% 16.32% -0.41% 7.47% 14.99% 17.54% 1.52%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 08/11/21 10/02/22 09/05/22 05/08/22 07/11/22 15/02/23 03/05/23 07/08/23 07/11/23 16/02/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 18.4 - 125 - - - -
Net Cash position 9.09 - 32.2 - - - - -
Leverage (Debt/EBITDA) - 0.2138 x - 0.6008 x - - - -
Free Cash Flow 1 33,977 80,659 1,64,903 76,277 - 1,83,400 1,66,750 1,84,000
ROE (net income / shareholders' equity) 20.8% 7.96% 25.8% 27.3% - 21.2% 19.9% 19%
ROA (Net income/ Total Assets) 12.1% 4.25% 12.7% 12.7% - 11% 11% 11.1%
Assets 2 400 493.4 645.4 806.2 - 995.5 1,078 1,168
Book Value Per Share 3 20,874 22,462 28,762 35,711 - 48,980 55,037 62,852
Cash Flow per Share 3 - - - 14,002 - 15,301 15,736 15,996
Capex 2 27.7 16 27.5 88.7 - 31.5 40.9 45.9
Capex / Sales 6.34% 3.37% 3.91% 10.61% - 3.16% 3.88% 4.14%
Announcement Date 11/03/20 10/03/21 10/02/22 15/02/23 16/02/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
60,100 KRW
Average target price
81,750 KRW
Spread / Average Target
+36.02%
Consensus

Quarterly revenue - Rate of surprise

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