Financials Nepes Ark Corporation

Equities

A330860

KR7330860008

Semiconductor Equipment & Testing

End-of-day quote Korea S.E. Other stock markets 03:30:00 14/05/2024 am IST			5-day change	1st Jan Change
27,650 ^KRW	+1.47%		-5.79%	+1.65%

2023	Nepes Ark Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2022	Nepes Ark Corporation announced that it has received KRW 30 billion in funding from Kiwoom Investment Co., Ltd.	CI

Valuation

Fiscal Period: December	2020	2021	2022	2024	2025
Capitalization ¹	5,14,885	6,11,639	2,19,313	3,36,889	-
Enterprise Value (EV) ¹	5,14,885	6,11,652	2,19,313	3,36,889	3,36,889
P/E ratio	-	24.1 x	8.8 x	15.4 x	8.27 x
Yield	-	-	-	-	-
Capitalization / Revenue	7.59 x	5.36 x	1.43 x	1.94 x	1.47 x
EV / Revenue	7.59 x	5.36 x	1.43 x	1.94 x	1.47 x
EV / EBITDA	-	7.85 x	2.28 x	3.83 x	3.37 x
EV / FCF	-	-2,46,70,081 x	-30,03,584 x	-	-
FCF Yield	-	-0%	-0%	-	-
Price to Book	-	3.04 x	0.86 x	1.25 x	1.09 x
Nbr of stocks (in thousands)	10,136	12,184	12,184	12,184	-
Reference price ²	50,800	50,200	18,000	27,650	27,650
Announcement Date	15/03/21	01/03/22	09/03/23	-	-

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2024	2025
Net sales ¹	54.72	67.84	114.2	153.9	173.8	229
EBITDA ¹	-	-	77.91	96.19	88	100
EBIT ¹	-	8.652	26.92	22.53	23.1	51
Operating Margin	-	12.75%	23.57%	14.64%	13.29%	22.27%
Earnings before Tax (EBT) ¹	-	-	26.52	24.61	23	43
Net income ¹	-	-	24.6	25.7	21.9	41
Net margin	-	-	21.54%	16.7%	12.6%	17.9%
EPS ²	-	-	2,084	2,045	1,799	3,345
Free Cash Flow	-	-	-24,793	-73,017	-	-
FCF margin	-	-	-21,708.63%	-47,456.43%	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	02/04/20	15/03/21	01/03/22	09/03/23	-	-

¹KRW in Billions²KRW

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2023 Q1	2023 Q3	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	30.13	33.67	37.14	28.04	31	35.3	40.2	46.2	52.1
EBITDA	-	-	24.89	-	-	-	-	-	-
EBIT ¹	7.982	7.506	7.053	-4.543	-	3.1	4	5.8	10.2
Operating Margin	26.49%	22.29%	18.99%	-16.2%	-	8.78%	9.95%	12.55%	19.58%
Earnings before Tax (EBT)	7.436	7.083	7.346	-	-	-	-	-	-
Net income ¹	6.744	6.762	7.69	-	-	0.9	4.6	7.5	9
Net margin	22.38%	20.08%	20.71%	-	-	2.55%	11.44%	16.23%	17.27%
EPS	-	-	-	-	-256.0	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	14/11/22	01/03/22	16/05/22	15/05/23	14/11/23	-	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2024	2025
Net Debt	-	-	13.4	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.1722 x	-	-	-
Free Cash Flow	-	-	-24,793	-73,017	-	-
ROE (net income / shareholders' equity)	-	-	14.1%	11.2%	8.5%	14.1%
ROA (Net income/ Total Assets)	-	-	6.84%	5.87%	4.9%	8.3%
Assets ¹	-	-	359.6	437.8	446.9	494
Book Value Per Share ²	-	-	16,497	21,047	22,039	25,384
Cash Flow per Share	-	-	-	7,054	-	-
Capex ¹	-	-	94.3	-	74	87
Capex / Sales	-	-	82.55%	-	42.58%	37.99%
Announcement Date	02/04/20	15/03/21	01/03/22	09/03/23	-	-

¹KRW in Billions²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Nepes Ark Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27,650 KRW

Average target price

34,000 KRW

Spread / Average Target

+22.97%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Semiconductor Testing Equipment & Service

	1st Jan change	Capi.
NEPES ARK CORPORATION	+1.65%	243M
KLA CORPORATION	+24.70%	96.15B
LASERTEC CORPORATION	+12.38%	23.45B
TERADYNE INC.	+16.47%	19.49B
TONGFU MICROELECTRONICS CO.,LTD	-15.14%	4.12B
TIANSHUI HUATIAN TECHNOLOGY CO., LTD.	-4.93%	3.61B
KING YUAN ELECTRONICS CO., LTD.	+0.47%	3.22B
HANGZHOU CHANGCHUAN TECHNOLOGY CO.,LTD	-27.98%	2.37B
SIGURD MICROELECTRONICS CORPORATION	+18.10%	1.08B
ARDENTEC CORPORATION	-2.43%	1.07B

Semiconductor Testing Equipment & Service