RAYENCE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,510 KRW | +0.35% |
|
-0.82% | -8.98% |
| 18/03 | Rayence Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Rayence Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,08,508 | 1,72,314 | 1,92,771 | 1,73,101 | 1,47,136 | 1,33,917 | - | - |
| Enterprise Value (EV) 2 | 124.4 | 86.85 | 94.08 | 49.22 | 147.1 | -3.933 | -19.03 | -35.13 |
| P/E ratio | 14.2 x | -89.8 x | 13.3 x | 7.77 x | 7.5 x | 8.18 x | 6.54 x | 6.02 x |
| Yield | 0.75% | 0.91% | 0.82% | 0.91% | - | 1.18% | 1.18% | 1.18% |
| Capitalization / Revenue | 1.65 x | 1.7 x | 1.43 x | 1.18 x | 1.03 x | 0.93 x | 0.86 x | 0.79 x |
| EV / Revenue | 0.99 x | 0.86 x | 0.7 x | 0.33 x | 1.03 x | -0.03 x | -0.12 x | -0.21 x |
| EV / EBITDA | 4.16 x | 5.56 x | 3.09 x | 1.64 x | 6.31 x | -0.19 x | -0.76 x | -1.3 x |
| EV / FCF | 54.8 x | 4.18 x | 4.94 x | 3.35 x | - | 1.71 x | -0.97 x | -1.73 x |
| FCF Yield | 1.82% | 23.9% | 20.2% | 29.9% | - | 58.5% | -104% | -57.8% |
| Price to Book | 1.07 x | 0.92 x | 0.96 x | 0.77 x | - | 0.57 x | 0.53 x | 0.49 x |
| Nbr of stocks (in thousands) | 15,736 | 15,736 | 15,736 | 15,736 | 15,736 | 15,736 | - | - |
| Reference price 3 | 13,250 | 10,950 | 12,250 | 11,000 | 9,350 | 8,510 | 8,510 | 8,510 |
| Announcement Date | 26/02/20 | 28/01/21 | 27/01/22 | 15/02/23 | 19/02/24 | - | - | - |
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 | 126.2 | 101.5 | 134.5 | 147.2 | 143 | 143.2 | 155.9 | 170.2 |
| EBITDA 1 | 29.87 | 15.62 | 30.48 | 29.96 | 23.33 | 20.95 | 25.1 | 27.05 |
| EBIT 1 | 22.84 | 8.436 | 24.75 | 26.14 | 19.75 | 16.95 | 21 | 22.85 |
| Operating Margin | 18.1% | 8.31% | 18.4% | 17.76% | 13.82% | 11.83% | 13.47% | 13.43% |
| Earnings before Tax (EBT) 1 | 21.64 | -2.018 | 20.7 | 26.04 | 23.63 | 21.5 | 26.55 | 28.95 |
| Net income 1 | 15.3 | -1.916 | 13.96 | 22.63 | 19.6 | 17.15 | 21.5 | 23.35 |
| Net margin | 12.13% | -1.89% | 10.38% | 15.38% | 13.71% | 11.97% | 13.79% | 13.72% |
| EPS 2 | 933.0 | -122.0 | 919.0 | 1,416 | 1,246 | 1,040 | 1,300 | 1,414 |
| Free Cash Flow 3 | 2,268 | 20,763 | 19,029 | 14,696 | - | -2,300 | 19,700 | 20,300 |
| FCF margin | 1,797.81% | 20,450.99% | 14,145.54% | 9,986.37% | - | -1,605.58% | 12,636.31% | 11,930.65% |
| FCF Conversion (EBITDA) | 7,594.49% | 1,32,914.83% | 62,438.83% | 49,054.17% | - | - | 78,486.06% | 75,046.21% |
| FCF Conversion (Net income) | 14,824.14% | - | 1,36,261.3% | 64,935.12% | - | - | 91,627.91% | 86,937.9% |
| Dividend per Share 2 | 100.0 | 100.0 | 100.0 | 100.0 | - | 100.0 | 100.0 | 100.0 |
| Announcement Date | 26/02/20 | 28/01/21 | 27/01/22 | 15/02/23 | 19/02/24 | - | - | - |
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 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33.06 | 33.33 | 36.11 | 37.63 | 39.15 | 34.28 | 37.59 | 37.74 | 36.13 | 31.53 | 37.8 | 37.1 | 32.6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 6.232 | 5.416 | 6.126 | 7.779 | 7.912 | 3.766 | 5.691 | 6.545 | 4.737 | 2.78 | 5.45 | 4.85 | 2.55 |
| Operating Margin | 18.85% | 16.25% | 16.96% | 20.67% | 20.21% | 10.99% | 15.14% | 17.34% | 13.11% | 8.82% | 14.42% | 13.07% | 7.82% |
| Earnings before Tax (EBT) 1 | 4.974 | 4.364 | 6.573 | 7.715 | 10.14 | 1.057 | 4.67 | 7.154 | 8.872 | 2.935 | 6.8 | 6.8 | 2.8 |
| Net income 1 | 3.476 | 2.997 | 5.114 | 6.158 | 6.808 | 4.196 | 2.997 | 6.201 | 7.951 | 2.451 | 5.6 | 5.6 | 2.3 |
| Net margin | 10.51% | 8.99% | 14.16% | 16.37% | 17.39% | 12.24% | 7.97% | 16.43% | 22.01% | 7.77% | 14.81% | 15.09% | 7.06% |
| EPS 2 | - | 222.0 | - | - | - | - | 190.0 | - | - | 156.0 | 1,373 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 09/11/21 | 27/01/22 | 03/05/22 | 08/08/22 | 08/11/22 | 15/02/23 | 15/05/23 | 08/08/23 | 08/11/23 | 19/02/24 | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 84.1 | 85.5 | 98.7 | 124 | - | 138 | 153 | 169 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 2,268 | 20,763 | 19,029 | 14,696 | - | -2,300 | 19,700 | 20,300 |
| ROE (net income / shareholders' equity) | 8.14% | -2.87% | 7.22% | 10.6% | - | 7.05% | 8.4% | 8.4% |
| ROA (Net income/ Total Assets) | 6.54% | -2.39% | 6.2% | 8.98% | - | 5.8% | 6.1% | 6.3% |
| Assets 1 | 234.1 | 80.14 | 225.3 | 251.9 | - | 295.7 | 352.5 | 370.6 |
| Book Value Per Share 3 | 12,347 | 11,957 | 12,746 | 14,282 | - | 14,972 | 16,175 | 17,492 |
| Cash Flow per Share 3 | 1,748 | 1,478 | 1,331 | 1,055 | - | 1,249 | 1,319 | 1,443 |
| Capex 1 | 7.18 | 2.49 | 1.91 | 1.91 | - | 1.5 | 2.3 | 1.65 |
| Capex / Sales | 5.69% | 2.45% | 1.42% | 1.3% | - | 1.05% | 1.48% | 0.97% |
| Announcement Date | 26/02/20 | 28/01/21 | 27/01/22 | 15/02/23 | 19/02/24 | - | - | - |
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
2
Last Close Price
8,510
KRW
Average target price
11,500
KRW
Spread / Average Target
+35.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.98% | 98.61M | |
| -3.61% | 15.11B | |
| -11.54% | 2.48B | |
| -14.52% | 1.43B | |
| -.--% | 1.12B | |
| +54.32% | 614M | |
| +86.41% | 509M | |
| +19.71% | 260M | |
| -1.29% | 227M | |
| +5.74% | 198M |
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- Financials Rayence Co., Ltd.
