MH ETHANOL CO.,LTD. |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 6,220 KRW | -0.48% |
|
+0.32% | -8.93% |
| 2023 | MH Ethanol Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
| 2020 | MH Ethanol Co.,Ltd.‘s Equity Buyback announced on November 05, 2019, has expired. | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 39,513 | 40,576 | 54,737 | 66,387 | 49,530 | 44,453 |
| Enterprise Value (EV) 1 | 2,49,887 | 2,69,733 | 2,78,249 | 2,73,066 | 2,52,067 | 2,40,714 |
| P/E ratio | -67.8 x | -77.9 x | 8.02 x | 11.2 x | 9.94 x | 9.52 x |
| Yield | 5.94% | 5.7% | 4.16% | 3.43% | 3.29% | 3.66% |
| Capitalization / Revenue | 0.54 x | 0.5 x | 0.58 x | 0.65 x | 0.45 x | 0.42 x |
| EV / Revenue | 3.43 x | 3.34 x | 2.94 x | 2.68 x | 2.28 x | 2.28 x |
| EV / EBITDA | 18.5 x | 14.2 x | 8.87 x | 7.15 x | 6.92 x | 7.25 x |
| EV / FCF | -11.3 x | 18.4 x | 23.6 x | 9.47 x | 32.9 x | 33.9 x |
| FCF Yield | -8.82% | 5.43% | 4.24% | 10.6% | 3.04% | 2.95% |
| Price to Book | 0.63 x | 0.7 x | 0.89 x | 1.06 x | 0.74 x | 0.64 x |
| Nbr of stocks (in thousands) | 6,709 | 6,609 | 6,509 | 6,509 | 6,509 | 6,509 |
| Reference price 2 | 5,890 | 6,140 | 8,410 | 10,200 | 7,610 | 6,830 |
| Announcement Date | 12/03/19 | 13/03/20 | 16/03/21 | 16/03/22 | 15/03/23 | 13/03/24 |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 72,796 | 80,879 | 94,645 | 1,02,067 | 1,10,722 | 1,05,484 |
| EBITDA 1 | 13,482 | 19,053 | 31,359 | 38,188 | 36,450 | 33,184 |
| EBIT 1 | 1,228 | 5,489 | 16,307 | 23,335 | 21,929 | 18,918 |
| Operating Margin | 1.69% | 6.79% | 17.23% | 22.86% | 19.81% | 17.93% |
| Earnings before Tax (EBT) 1 | -9,905 | -5,455 | 5,062 | 11,568 | 10,153 | 7,790 |
| Net income 1 | -595.8 | -525.1 | 6,826 | 5,911 | 4,985 | 4,670 |
| Net margin | -0.82% | -0.65% | 7.21% | 5.79% | 4.5% | 4.43% |
| EPS 2 | -86.82 | -78.86 | 1,049 | 908.2 | 766.0 | 717.5 |
| Free Cash Flow 1 | -22,037 | 14,655 | 11,807 | 28,842 | 7,657 | 7,095 |
| FCF margin | -30.27% | 18.12% | 12.47% | 28.26% | 6.92% | 6.73% |
| FCF Conversion (EBITDA) | - | 76.92% | 37.65% | 75.53% | 21.01% | 21.38% |
| FCF Conversion (Net income) | - | - | 172.98% | 487.95% | 153.59% | 151.92% |
| Dividend per Share 2 | 350.0 | 350.0 | 350.0 | 350.0 | 250.0 | 250.0 |
| Announcement Date | 12/03/19 | 13/03/20 | 16/03/21 | 16/03/22 | 15/03/23 | 13/03/24 |
1KRW in Million2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,10,374 | 2,29,157 | 2,23,512 | 2,06,679 | 2,02,537 | 1,96,261 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 15.6 x | 12.03 x | 7.128 x | 5.412 x | 5.557 x | 5.914 x |
| Free Cash Flow 1 | -22,037 | 14,655 | 11,807 | 28,842 | 7,657 | 7,095 |
| ROE (net income / shareholders' equity) | -12.1% | -8.83% | 4.76% | 10.5% | 13.2% | 5.36% |
| ROA (Net income/ Total Assets) | 0.16% | 0.77% | 2.26% | 3.24% | 3.05% | 2.65% |
| Assets 1 | -3,65,090 | -68,248 | 3,01,762 | 1,82,604 | 1,63,482 | 1,76,300 |
| Book Value Per Share 2 | 9,285 | 8,825 | 9,430 | 9,654 | 10,227 | 10,724 |
| Cash Flow per Share 2 | 1,029 | 1,394 | 1,919 | 4,084 | 2,296 | 4,012 |
| Capex 1 | 6,330 | 2,685 | 4,640 | 6,191 | 5,067 | 4,086 |
| Capex / Sales | 8.7% | 3.32% | 4.9% | 6.07% | 4.58% | 3.87% |
| Announcement Date | 12/03/19 | 13/03/20 | 16/03/21 | 16/03/22 | 15/03/23 | 13/03/24 |
1KRW in Million2KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.93% | 30.2M | |
| -7.53% | 3.7B | |
| -17.47% | 2.77B | |
| -16.07% | 1.74B | |
| +29.57% | 1.25B | |
| -23.10% | 1.11B | |
| +10.11% | 1.02B | |
| -0.75% | 944M | |
| +35.83% | 897M | |
| +6.23% | 805M |
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- Financials MH Ethanol Co.,Ltd.