MERITZ FINANCIAL GROUP INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 85,400 KRW | +1.43% |
|
+5.04% | +44.50% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,91,247 | 55,59,845 | 52,32,037 | 1,12,31,484 | 1,50,00,256 | - | - |
| Enterprise Value (EV) 2 | 1,291 | 5,560 | 5,232 | 11,231 | 43,200 | 43,024 | 42,841 |
| P/E ratio | 2.75 x | - | - | 5.39 x | 7.18 x | 6.86 x | 6.21 x |
| Yield | - | 0.48% | - | - | 2.6% | 2.83% | 2.3% |
| Capitalization / Revenue | - | 0.36 x | 1.24 x | 3.15 x | 3.99 x | 3.86 x | 3.76 x |
| EV / Revenue | - | 0.36 x | 1.24 x | 3.15 x | 11.5 x | 11.1 x | 10.7 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | - | 1.49 x | - | - | 1.55 x | 1.37 x | 1.09 x |
| Nbr of stocks (in thousands) | 1,31,626 | 1,26,360 | 1,22,530 | 1,90,042 | 1,75,647 | - | - |
| Reference price 3 | 9,810 | 44,000 | 42,700 | 59,100 | 85,400 | 85,400 | 85,400 |
| Announcement Date | 18/03/21 | 16/03/22 | 02/03/23 | 07/02/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 15,606 | 4,216 | 3,564 | 3,763 | 3,881 | 3,986 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | 1,801 | 2,201 | 2,934 | 3,075 | 3,216 | 3,242 |
| Operating Margin | - | 11.54% | 52.21% | 82.31% | 81.72% | 82.85% | 81.34% |
| Earnings before Tax (EBT) 1 | - | - | - | 2,854 | 2,954 | 3,102 | 3,278 |
| Net income 1 | 489.7 | - | - | 2,050 | 2,170 | 2,311 | 2,434 |
| Net margin | - | - | - | 57.51% | 57.67% | 59.54% | 61.06% |
| EPS 2 | 3,571 | - | - | 10,970 | 11,889 | 12,453 | 13,763 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 210.0 | - | - | 2,221 | 2,414 | 1,967 |
| Announcement Date | 18/03/21 | 16/03/22 | 02/03/23 | 07/02/24 | - | - | - |
1KRW in Billions2KRW
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,103 | 964.6 | 1,753 | - | 1,009 | 597.6 | 855 | 915.8 | 935.5 | 835.8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 625.8 | 390.9 | 817.8 | 780.1 | 830.7 | 504.9 | 699.7 | 744.1 | 774.5 | 704.6 |
| Operating Margin | 56.72% | 40.53% | 46.66% | - | 82.32% | 84.49% | 81.83% | 81.25% | 82.79% | 84.31% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 809.2 | 763 | 765 | 728 |
| Net income 1 | - | - | - | - | - | - | 585.8 | 570 | 572 | 562 |
| Net margin | - | - | - | - | - | - | 47.14% | 62.24% | 61.14% | 67.24% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 14/11/22 | 02/03/23 | 12/05/23 | 14/08/23 | 14/11/23 | 07/02/24 | 14/05/24 | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 28,200 | 28,023 | 27,840 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 20.1% | 25.6% | 26.6% | 21.4% | 20.3% | 19.1% |
| ROA (Net income/ Total Assets) | - | 1.04% | 1.92% | - | 2.13% | 2.19% | 2.37% |
| Assets 1 | - | - | - | - | 1,01,977 | 1,05,654 | 1,02,741 |
| Book Value Per Share 2 | - | 29,591 | - | - | 55,073 | 62,329 | 78,545 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 18/03/21 | 16/03/22 | 02/03/23 | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
85,400
KRW
Average target price
94,286
KRW
Spread / Average Target
+10.40%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +44.50% | 10.99B | |
| +21.30% | 79.56B | |
| +69.61% | 19.37B | |
| +12.50% | 17.24B | |
| +11.46% | 14.63B | |
| +5.07% | 13.08B | |
| +7.91% | 11.98B | |
| +9.83% | 11.22B | |
| +0.46% | 9.94B | |
| +2.13% | 8.18B |
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