Financials Pulmuone Corporate

Equities

A017810

KR7017810003

Food Processing

End-of-day quote Korea S.E. 03:30:00 13/05/2024 am IST 5-day change 1st Jan Change
13,200 KRW -0.38% Intraday chart for Pulmuone Corporate +7.76% +25.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,96,440 4,18,964 6,16,832 6,36,136 4,11,833 3,85,726
Enterprise Value (EV) 1 5,45,456 9,26,044 11,68,876 12,97,631 11,99,528 13,25,857
P/E ratio 14.5 x 201 x 42 x 53.3 x -15.5 x 48.6 x
Yield 1.28% 0.91% 0.62% 0.59% 0.91% 0.97%
Capitalization / Revenue 0.13 x 0.18 x 0.27 x 0.25 x 0.15 x 0.13 x
EV / Revenue 0.24 x 0.39 x 0.51 x 0.52 x 0.42 x 0.44 x
EV / EBITDA 4.83 x 6.55 x 6.99 x 7.77 x 7.3 x 6.31 x
EV / FCF -31.7 x 228 x -16.2 x -13.3 x -25.5 x 15.3 x
FCF Yield -3.16% 0.44% -6.19% -7.5% -3.93% 6.52%
Price to Book 0.9 x 10.6 x 1.38 x 1.37 x 1 x 1.22 x
Nbr of stocks (in thousands) 37,241 37,241 37,271 36,771 36,771 36,771
Reference price 2 7,960 11,250 16,550 17,300 11,200 10,490
Announcement Date 21/03/19 30/03/20 17/03/21 22/03/22 22/03/23 20/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 22,71,973 23,81,451 23,11,200 25,18,896 28,38,304 29,93,468
EBITDA 1 1,12,933 1,41,331 1,67,115 1,66,917 1,64,372 2,09,958
EBIT 1 40,248 30,571 45,970 38,514 26,332 61,981
Operating Margin 1.77% 1.28% 1.99% 1.53% 0.93% 2.07%
Earnings before Tax (EBT) 1 27,590 6,886 17,955 13,509 -18,413 14,312
Net income 1 23,419 3,492 16,280 13,357 -18,602 19,516
Net margin 1.03% 0.15% 0.7% 0.53% -0.66% 0.65%
EPS 2 550.5 56.00 394.3 324.8 -724.3 216.0
Free Cash Flow 1 -17,225 4,053 -72,369 -97,317 -47,082 86,446
FCF margin -0.76% 0.17% -3.13% -3.86% -1.66% 2.89%
FCF Conversion (EBITDA) - 2.87% - - - 41.17%
FCF Conversion (Net income) - 116.07% - - - 442.95%
Dividend per Share 2 102.0 102.0 102.0 102.0 102.0 102.0
Announcement Date 21/03/19 30/03/20 17/03/21 22/03/22 22/03/23 20/03/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q2 2023 Q3
Net sales 1 661.5 641.7 650.6 705.9 754.4 755.4 746.1
EBITDA - - - - - - -
EBIT 1 19.52 2.401 6.095 15.71 14.11 16.78 21.9
Operating Margin 2.95% 0.37% 0.94% 2.22% 1.87% 2.22% 2.94%
Earnings before Tax (EBT) 14.07 -18.29 - - - - -
Net income 12.79 - 3.273 8.159 - - -
Net margin 1.93% - 0.5% 1.16% - - -
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 15/11/21 28/01/22 16/05/22 16/08/22 14/11/22 11/08/23 14/11/23
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,49,015 5,07,080 5,52,044 6,61,495 7,87,695 9,40,131
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.205 x 3.588 x 3.303 x 3.963 x 4.792 x 4.478 x
Free Cash Flow 1 -17,225 4,053 -72,369 -97,317 -47,082 86,446
ROE (net income / shareholders' equity) 3.1% -1.66% 2.42% 0.06% -6.51% 2.54%
ROA (Net income/ Total Assets) 2.17% 1.41% 1.81% 1.31% 0.82% 1.84%
Assets 1 10,78,891 2,46,840 9,00,458 10,16,311 -22,71,327 10,59,489
Book Value Per Share 2 8,836 1,061 12,022 12,634 11,157 8,583
Cash Flow per Share 2 2,781 324.0 2,656 3,312 3,606 3,462
Capex 1 91,416 1,24,418 1,45,575 2,17,112 1,41,568 1,22,656
Capex / Sales 4.02% 5.22% 6.3% 8.62% 4.99% 4.1%
Announcement Date 21/03/19 30/03/20 17/03/21 22/03/22 22/03/23 20/03/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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