NEXEN TIRE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,020 KRW | -0.33% |
|
+1.01% | +12.19% |
| 02/04 | NEXEN Tire Expands Its Original Equipment Portfolio Line for Premium Quality N'FERA SPORT Tires | CI |
| 2023 | NEXEN TIRE Gets Original Equipment Approval for the Eighth-Generation BMW 5 Series | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,00,332 | 6,12,444 | 6,77,057 | 6,05,778 | 7,93,596 | 8,90,047 | - | - |
| Enterprise Value (EV) 2 | 1,955 | 1,750 | 1,970 | 2,228 | 793.6 | 2,265 | 2,174 | 890 |
| P/E ratio | 7.92 x | -38.2 x | 152 x | -22.8 x | 8.03 x | 5.35 x | 4.7 x | 4.85 x |
| Yield | 1.15% | 1.7% | 1.54% | 1.63% | 1.43% | 1.21% | 1.24% | 1.27% |
| Capitalization / Revenue | 0.45 x | 0.36 x | 0.33 x | 0.23 x | 0.29 x | 0.31 x | 0.29 x | 0.28 x |
| EV / Revenue | 0.97 x | 1.03 x | 0.95 x | 0.86 x | 0.29 x | 0.79 x | 0.71 x | 0.28 x |
| EV / EBITDA | 5.25 x | 7.72 x | 10.4 x | 16.9 x | 2.13 x | 4.64 x | 4.24 x | 1.52 x |
| EV / FCF | 28.2 x | 28.4 x | 13.1 x | -6 x | -9.73 x | 16.4 x | 14.2 x | - |
| FCF Yield | 3.55% | 3.52% | 7.61% | -16.7% | -10.3% | 6.09% | 7.05% | - |
| Price to Book | 0.56 x | 0.39 x | 0.42 x | 0.38 x | 0.46 x | 0.5 x | 0.46 x | 0.43 x |
| Nbr of stocks (in thousands) | 1,02,663 | 1,02,663 | 1,02,663 | 1,02,663 | 1,02,663 | 1,02,663 | - | - |
| Reference price 3 | 9,130 | 6,190 | 6,820 | 6,120 | 8,040 | 9,020 | 9,020 | 9,020 |
| Announcement Date | 24/02/20 | 19/02/21 | 18/02/22 | 13/02/23 | 31/01/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,022 | 1,698 | 2,079 | 2,597 | 2,702 | 2,871 | 3,072 | 3,184 |
| EBITDA 1 | 372.5 | 226.6 | 189.1 | 132 | 373.4 | 488.1 | 513.4 | 585 |
| EBIT 1 | 207.4 | 38.55 | 4.392 | -54.25 | 186.7 | 267.8 | 288.1 | 288 |
| Operating Margin | 10.25% | 2.27% | 0.21% | -2.09% | 6.91% | 9.33% | 9.38% | 9.05% |
| Earnings before Tax (EBT) 1 | 184.3 | -13.55 | 16.48 | -40.31 | 153.2 | 237.1 | 259.9 | 260 |
| Net income 1 | 118.2 | -21.04 | 4.634 | -27.77 | 110.3 | 169.7 | 192.7 | 183 |
| Net margin | 5.85% | -1.24% | 0.22% | -1.07% | 4.08% | 5.91% | 6.27% | 5.75% |
| EPS 2 | 1,153 | -162.0 | 45.00 | -268.0 | 1,001 | 1,686 | 1,918 | 1,861 |
| Free Cash Flow 3 | 69,330 | 61,663 | 1,49,940 | -3,71,610 | -81,562 | 1,37,875 | 1,53,235 | - |
| FCF margin | 3,428.21% | 3,631.25% | 7,210.71% | -14,306.85% | -3,018.9% | 4,801.79% | 4,987.85% | - |
| FCF Conversion (EBITDA) | 18,609.9% | 27,208.75% | 79,276.58% | - | - | 28,244.76% | 29,848.15% | - |
| FCF Conversion (Net income) | 58,639.89% | - | 32,35,481.06% | - | - | 81,240.28% | 79,513.16% | - |
| Dividend per Share 2 | 105.0 | 105.0 | 105.0 | 100.0 | 115.0 | 109.3 | 112.1 | 115.0 |
| Announcement Date | 24/02/20 | 19/02/21 | 18/02/22 | 13/02/23 | 31/01/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 534.9 | 545.2 | 533 | 653.4 | 709.2 | 701.9 | 639.6 | 691.5 | 692.6 | 678.1 | 698.7 | 745.1 | 722.7 | 724.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1.3 | -22.6 | -42.94 | -23.3 | 1.103 | 10.89 | 16.15 | 37.08 | 69.65 | 63.86 | 67.52 | 71.22 | 67.05 | 70.05 |
| Operating Margin | 0.24% | -4.14% | -8.06% | -3.57% | 0.16% | 1.55% | 2.53% | 5.36% | 10.06% | 9.42% | 9.66% | 9.56% | 9.28% | 9.67% |
| Earnings before Tax (EBT) 1 | 4.8 | -26.89 | -22.22 | -13.5 | 18.3 | -22.93 | 18.74 | 29.19 | 66.44 | 38.88 | 58.64 | 65.82 | 58.84 | 61.66 |
| Net income 1 | 3.799 | -27.65 | -25.78 | -8.711 | 15.82 | -9.091 | 11.39 | 28.13 | 52.59 | 18.18 | 41.18 | 44.8 | 43.34 | 45.34 |
| Net margin | 0.71% | -5.07% | -4.84% | -1.33% | 2.23% | -1.3% | 1.78% | 4.07% | 7.59% | 2.68% | 5.89% | 6.01% | 6% | 6.26% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 15/11/21 | 18/02/22 | 16/05/22 | 16/08/22 | 14/11/22 | 13/02/23 | 15/05/23 | 01/08/23 | 30/10/23 | 31/01/24 | - | - | - | - |
1KRW in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,054 | 1,138 | 1,293 | 1,622 | - | 1,375 | 1,284 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.83 x | 5.021 x | 6.836 x | 12.29 x | - | 2.817 x | 2.502 x | - |
| Free Cash Flow 2 | 69,330 | 61,663 | 1,49,940 | -3,71,610 | -81,562 | 1,37,875 | 1,53,235 | - |
| ROE (net income / shareholders' equity) | 7.93% | -1.36% | 0.29% | -1.42% | 6.26% | 9.91% | 9.89% | 8.7% |
| ROA (Net income/ Total Assets) | 3.55% | -0.6% | 0.13% | -0.72% | 2.51% | 3.99% | 4.2% | 3.6% |
| Assets 1 | 3,330 | 3,477 | 3,543 | 3,884 | 4,387 | 4,256 | 4,584 | 5,083 |
| Book Value Per Share 3 | 16,163 | 16,047 | 16,338 | 16,266 | 17,369 | 17,970 | 19,784 | 21,073 |
| Cash Flow per Share 3 | 3,031 | 1,927 | 2,477 | -1,034 | 2,515 | 4,131 | 4,304 | - |
| Capex 1 | 222 | 117 | 115 | 272 | 323 | 224 | 245 | 203 |
| Capex / Sales | 10.98% | 6.91% | 5.54% | 10.48% | 11.97% | 7.82% | 7.99% | 6.38% |
| Announcement Date | 24/02/20 | 19/02/21 | 18/02/22 | 13/02/23 | 31/01/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
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
9
Last Close Price
9,020
KRW
Average target price
10,989
KRW
Spread / Average Target
+21.83%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.19% | 647M | |
| +0.51% | 6.62B | |
| +21.41% | 6.39B | |
| -7.58% | 5.5B | |
| +24.89% | 5.03B | |
| +2.23% | 4.56B | |
| +17.11% | 4.55B | |
| +8.45% | 3.75B | |
| +25.05% | 3.65B | |
| +43.04% | 3.08B |
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