NAMSUN ALUMINUM CO., LTD.

Financials Namsun Aluminum Co., Ltd.

Equities

A008350

KR7008350001

Aluminum

End-of-day quote Korea S.E. Other stock markets 03:30:00 14/05/2024 am IST			5-day change	1st Jan Change
1,921 ^KRW	+0.26%		-0.41%	-18.43%

2023	Namsun Aluminum Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2022	Namsun Aluminum Co., Ltd. announced that it has received KRW 37.989 billion in funding	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	3,21,505	3,64,869	5,31,531	2,80,630	2,83,282	3,15,265
Enterprise Value (EV) ¹	3,53,979	3,72,186	5,45,146	2,72,271	2,40,398	2,78,955
P/E ratio	12.4 x	24.7 x	49.4 x	6.61 x	8.95 x	-1,180 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	0.92 x	1.12 x	1.98 x	1.22 x	1.11 x	1.02 x
EV / Revenue	1.02 x	1.15 x	2.03 x	1.18 x	0.94 x	0.9 x
EV / EBITDA	24 x	21.8 x	137 x	-153 x	140 x	26.7 x
EV / FCF	34.6 x	14.3 x	-61.9 x	13.4 x	-31.6 x	-29.7 x
FCF Yield	2.89%	6.98%	-1.62%	7.45%	-3.16%	-3.37%
Price to Book	0.01 x	1.99 x	2.74 x	1.16 x	0.9 x	1.01 x
Nbr of stocks (in thousands)	1,10,487	1,10,487	1,10,487	1,10,487	1,29,387	1,29,387
Reference price ²	2,830	3,230	4,695	2,485	2,130	2,355
Announcement Date	21/03/19	13/04/20	22/03/21	22/03/22	22/03/23	21/03/24

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	3,47,835	3,24,782	2,68,475	2,30,344	2,55,740	3,10,499
EBITDA ¹	14,724	17,052	3,971	-1,782	1,722	10,429
EBIT ¹	9,426	11,579	-1,515	-6,912	-2,490	6,446
Operating Margin	2.71%	3.57%	-0.56%	-3%	-0.97%	2.08%
Earnings before Tax (EBT) ¹	31,314	18,318	12,925	50,052	30,447	-4,994
Net income ¹	25,221	14,479	10,539	41,689	27,929	-263.7
Net margin	7.25%	4.46%	3.93%	18.1%	10.92%	-0.08%
EPS ²	228.2	130.6	95.06	376.2	237.9	-1.996
Free Cash Flow ¹	10,241	25,961	-8,808	20,273	-7,606	-9,401
FCF margin	2.94%	7.99%	-3.28%	8.8%	-2.97%	-3.03%
FCF Conversion (EBITDA)	69.55%	152.24%	-	-	-	-
FCF Conversion (Net income)	40.6%	179.29%	-	48.63%	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	21/03/19	13/04/20	22/03/21	22/03/22	22/03/23	21/03/24

¹KRW in Million²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	32,474	7,317	13,615	-	-	-
Net Cash position ¹	-	-	-	8,359	42,884	36,311
Leverage (Debt/EBITDA)	2.205 x	0.4291 x	3.428 x	-	-	-
Free Cash Flow ¹	10,241	25,961	-8,808	20,273	-7,606	-9,401
ROE (net income / shareholders' equity)	15.9%	8.33%	5.72%	19.6%	10.3%	-0.09%
ROA (Net income/ Total Assets)	2%	2.42%	-0.32%	-1.33%	-0.41%	0.97%
Assets ¹	12,57,944	5,98,818	-32,87,170	-31,38,256	-67,88,809	-27,297
Book Value Per Share ²	5,47,987	1,621	1,716	2,135	2,370	2,343
Cash Flow per Share ²	43,954	250.0	150.0	230.0	414.0	510.0
Capex ¹	19,907	3,031	2,572	2,381	3,078	10,779
Capex / Sales	5.72%	0.93%	0.96%	1.03%	1.2%	3.47%
Announcement Date	21/03/19	13/04/20	22/03/21	22/03/22	22/03/23	21/03/24

¹KRW in Million²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Primary Aluminum Production

	1st Jan change	Capi.
NAMSUN ALUMINUM CO., LTD.	-18.43%	19Cr
CHINA HONGQIAO GROUP LIMITED	+85.92%	1.43TCr
PRESS METAL ALUMINIUM HOLDINGS	+12.27%	937.67Cr
YUNNAN ALUMINIUM CO., LTD.	+17.76%	714.45Cr
SHANDONG NANSHAN ALUMINIUM CO.,LTD.	+25.17%	603.84Cr
UNITED COMPANY RUSAL, INTERNATIONAL	-5.56%	503.69Cr
ALUMINIUM BAHRAIN B.S.C.	+4.80%	465.59Cr
QATAR ALUMINIUM MANUFACTURING COMPANY Q.P.S.C.	-0.71%	210.61Cr
CENTURY ALUMINUM COMPANY	+44.73%	160.28Cr
KAISER ALUMINUM CORPORATION	+42.15%	160.01Cr

Primary Aluminum Production

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A008350 Stock
Financials Namsun Aluminum Co., Ltd.

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