NEXEN CORPORATION

Financials Nexen Corporation Korea S.E.

Equities

A005725

KR7005721006

Tires & Rubber Products

End-of-day quote Korea S.E. Other stock markets 03:30:00 07/05/2024 am IST			5-day change	1st Jan Change
3,010 ^KRW	-1.63%		-0.50%	+4.15%

18/03	Nexen Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Tranche Update on Nexen Corporation's Equity Buyback Plan announced on May 31, 2023.	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	3,02,549	3,30,474	2,54,902	2,47,803	2,20,791	2,16,008
Enterprise Value (EV) ¹	12,91,884	12,75,155	12,15,072	11,78,535	15,65,490	16,07,603
P/E ratio	4.99 x	6.11 x	25.5 x	9.33 x	13.8 x	5.35 x
Yield	1.36%	1.32%	1.84%	2.19%	2.68%	-
Capitalization / Revenue	0.22 x	0.14 x	0.13 x	0.1 x	0.07 x	0.07 x
EV / Revenue	0.95 x	0.56 x	0.62 x	0.49 x	0.52 x	0.53 x
EV / EBITDA	5.66 x	3.16 x	4.54 x	4.95 x	8.47 x	3.74 x
EV / FCF	-2.72 x	34.8 x	19.3 x	19.1 x	-4.37 x	-27.8 x
FCF Yield	-36.7%	2.88%	5.19%	5.23%	-22.9%	-3.6%
Price to Book	0.32 x	0.33 x	0.25 x	0.23 x	0.2 x	0.37 x
Nbr of stocks (in thousands)	56,122	56,122	56,122	55,262	54,482	52,910
Reference price ²	5,500	6,050	4,630	4,560	4,105	4,165
Announcement Date	25/02/19	13/03/20	22/03/21	21/03/22	21/03/23	18/03/24

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	13,60,025	22,91,342	19,68,536	24,03,881	30,03,950	30,36,062
EBITDA ¹	2,28,141	4,03,521	2,67,702	2,38,065	1,84,757	4,29,706
EBIT ¹	1,43,585	2,25,120	62,332	33,585	-22,698	2,20,858
Operating Margin	10.56%	9.82%	3.17%	1.4%	-0.76%	7.27%
Earnings before Tax (EBT) ¹	87,630	2,06,097	9,781	47,644	-3,114	1,80,914
Net income ¹	62,199	59,242	10,884	28,841	17,469	41,636
Net margin	4.57%	2.59%	0.55%	1.2%	0.58%	1.37%
EPS ²	1,103	991.0	181.8	488.6	297.6	778.0
Free Cash Flow ¹	-4,74,249	36,687	63,034	61,589	-3,58,073	-57,890
FCF margin	-34.87%	1.6%	3.2%	2.56%	-11.92%	-1.91%
FCF Conversion (EBITDA)	-	9.09%	23.55%	25.87%	-	-
FCF Conversion (Net income)	-	61.93%	579.15%	213.55%	-	-
Dividend per Share ²	75.00	80.00	85.00	100.0	110.0	-
Announcement Date	25/02/19	13/03/20	22/03/21	21/03/22	21/03/23	18/03/24

¹KRW in Million²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	9,89,336	9,44,682	9,60,169	9,30,731	13,44,699	13,91,595
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.337 x	2.341 x	3.587 x	3.91 x	7.278 x	3.238 x
Free Cash Flow ¹	-4,74,249	36,687	63,034	61,589	-3,58,073	-57,890
ROE (net income / shareholders' equity)	6.32%	5.83%	0.04%	1.42%	0.08%	4.6%
ROA (Net income/ Total Assets)	3.66%	3.55%	0.93%	0.48%	-0.31%	2.82%
Assets ¹	17,01,747	16,68,045	11,64,672	60,53,895	-57,25,640	14,76,192
Book Value Per Share ²	17,092	18,356	18,777	19,877	20,883	11,366
Cash Flow per Share ²	2,822	3,181	5,653	6,569	6,049	3,168
Capex ¹	2,13,720	2,49,477	1,29,433	1,34,435	2,85,114	3,48,206
Capex / Sales	15.71%	10.89%	6.58%	5.59%	9.49%	11.47%
Announcement Date	25/02/19	13/03/20	22/03/21	21/03/22	21/03/23	18/03/24

¹KRW in Million²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Tire & Tube Manufacturers

	1st Jan change	Capi.
PIRELLI & C. S.P.A.	+23.20%	6.66B
MRF LIMITED	-2.24%	6.33B
BALKRISHNA INDUSTRIES LIMITED	-3.85%	5.66B
CHENG SHIN RUBBER IND. CO., LTD.	+8.91%	4.9B
HANKOOK TIRE & TECHNOLOGY CO., LTD.	-3.63%	3.93B
SHANDONG LINGLONG TYRE CO.,LTD.	+18.04%	4.6B
QINGDAO SENTURY TIRE CO., LTD.	+29.37%	3.79B
APOLLO TYRES LIMITED	+5.54%	3.64B
PT MULTISTRADA ARAH SARANA TBK	+44.36%	3.15B

Tire & Tube Manufacturers

Stock Market
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A005720 Stock
A005725 Stock
Financials Nexen Corporation

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