DOUBLEUGAMES CO., LTD. |
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Other stock markets
|
5-day change | 1st Jan Change | ||
| 45,000 KRW | -0.44% |
|
-3.02% | +13.56% |
| 2023 | DoubleUGames Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
| 2023 | Doubleu Games' Net Income Jumps 50.1% in Q1 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 840,550 | 1,021,931 | 982,887 | 788,885 | 785,802 | 877,405 | - | - |
| Enterprise Value (EV) 2 | 1,080 | 878.7 | 623.1 | 337.5 | 320.7 | 288.8 | 117.4 | -71.27 |
| P/E ratio | 7.55 x | 9.1 x | 7.83 x | -6.05 x | 4.39 x | 5.98 x | 5.86 x | 5.73 x |
| Yield | 0.7% | 0.58% | 1.21% | 1.27% | 2.52% | 2.5% | 2.57% | 3.25% |
| Capitalization / Revenue | 1.64 x | 1.55 x | 1.57 x | 1.28 x | 1.35 x | 1.32 x | 1.29 x | 1.17 x |
| EV / Revenue | 2.1 x | 1.34 x | 1 x | 0.55 x | 0.55 x | 0.43 x | 0.17 x | -0.09 x |
| EV / EBITDA | 5.56 x | 3.68 x | 2.86 x | 1.72 x | 1.44 x | 1.14 x | 0.45 x | -0.25 x |
| EV / FCF | 6.61 x | 4.36 x | 3.3 x | 2.87 x | 3.37 x | 1.52 x | 0.59 x | -0.33 x |
| FCF Yield | 15.1% | 22.9% | 30.3% | 34.9% | 29.7% | 65.8% | 170% | -303% |
| Price to Book | 1.3 x | 1.5 x | 1.17 x | 1.08 x | 0.75 x | 0.93 x | 0.79 x | 0.73 x |
| Nbr of stocks (in thousands) | 20,234 | 20,371 | 20,371 | 20,035 | 19,831 | 19,498 | - | - |
| Reference price 3 | 41,542 | 50,167 | 48,250 | 39,375 | 39,625 | 45,000 | 45,000 | 45,000 |
| Announcement Date | 2/4/20 | 2/4/21 | 2/9/22 | 2/8/23 | 2/13/24 | - | - | - |
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 | 513.8 | 657.8 | 624.1 | 617.3 | 582.3 | 664.9 | 680.7 | 752.4 |
| EBITDA 1 | 194.2 | 238.7 | 218 | 196.2 | 222 | 252.6 | 261.3 | 290.2 |
| EBIT 1 | 154.6 | 193.9 | 190.4 | 183.9 | 213.3 | 245.2 | 252.8 | 274.4 |
| Operating Margin | 30.09% | 29.48% | 30.5% | 29.79% | 36.63% | 36.88% | 37.14% | 36.47% |
| Earnings before Tax (EBT) 1 | 137.9 | 169.1 | 197.9 | -306.6 | 244.3 | 271.2 | 271.1 | 285.8 |
| Net income 1 | 108.3 | 112.8 | 125.6 | -140.9 | 148.6 | 157.4 | 159.5 | 165 |
| Net margin | 21.08% | 17.14% | 20.13% | -22.83% | 25.51% | 23.67% | 23.43% | 21.93% |
| EPS 2 | 5,506 | 5,513 | 6,159 | -6,512 | 9,016 | 7,525 | 7,678 | 7,848 |
| Free Cash Flow 3 | 163,358 | 201,323 | 188,902 | 117,680 | 95,246 | 190,000 | 199,433 | 216,100 |
| FCF margin | 31,791.11% | 30,603.86% | 30,269.88% | 19,064.91% | 16,355.97% | 28,574.05% | 29,297.16% | 28,720.09% |
| FCF Conversion (EBITDA) | 84,110.48% | 84,330.72% | 86,643.59% | 59,980.81% | 42,904.61% | 75,212.77% | 76,330.81% | 74,453.06% |
| FCF Conversion (Net income) | 150,782.43% | 178,519.42% | 150,384.5% | - | 64,104.45% | 120,724.43% | 125,018.15% | 130,984.34% |
| Dividend per Share 2 | 291.7 | 291.7 | 583.3 | 500.0 | 1,000 | 1,125 | 1,157 | 1,464 |
| Announcement Date | 2/4/20 | 2/4/21 | 2/9/22 | 2/8/23 | 2/13/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 150.8 | 149.9 | 149.6 | 160 | 157.8 | 145.3 | 143.9 | 139.6 | 153.5 | 160.5 | 167.2 | 165.6 | 176.6 | 192.5 | 196.6 |
| EBITDA 1 | - | - | - | - | - | 47.99 | 52.19 | 56.05 | 65.76 | 64.97 | 64.1 | 63.7 | 62.5 | - | - |
| EBIT 1 | 42.89 | 42.65 | 41.77 | 47.88 | 51.56 | 46.07 | 50.27 | 54.12 | 62.84 | 61.69 | 61.48 | 60.95 | 62.98 | 71.6 | 73.2 |
| Operating Margin | 28.43% | 28.46% | 27.92% | 29.93% | 32.67% | 31.71% | 34.92% | 38.76% | 40.94% | 38.44% | 36.76% | 36.81% | 35.65% | 37.19% | 37.23% |
| Earnings before Tax (EBT) 1 | 42.96 | 44 | -50.16 | -20.01 | -280.4 | 60.44 | 57.7 | 65.22 | 60.98 | 76.17 | 69.2 | 63.25 | 70.3 | 76.8 | 77.8 |
| Net income 1 | 26.77 | 26.01 | -23.39 | 0.403 | -144 | 39.34 | 33.94 | 39.62 | 35.68 | 47.13 | 41.63 | 38.67 | 39.47 | 46 | 46.3 |
| Net margin | 17.74% | 17.35% | -15.63% | 0.25% | -91.24% | 27.08% | 23.58% | 28.38% | 23.25% | 29.37% | 24.9% | 23.35% | 22.34% | 23.9% | 23.55% |
| EPS 2 | 1,307 | 1,277 | -1,148 | 20.00 | -6,661 | 1,980 | 1,712 | 1,998 | 2,188 | 2,377 | 1,909 | 1,861 | 1,453 | 1,910 | 1,917 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/9/22 | 5/11/22 | 8/9/22 | 11/8/22 | 2/8/23 | 5/10/23 | 8/8/23 | 11/8/23 | 2/13/24 | 5/9/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 240 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 143 | 360 | 451 | 465 | 589 | 760 | 949 |
| Leverage (Debt/EBITDA) | 1.234 x | - | - | - | - | - | - | - |
| Free Cash Flow 2 | 163,358 | 201,323 | 188,902 | 117,680 | 95,246 | 190,000 | 199,433 | 216,100 |
| ROE (net income / shareholders' equity) | 18.9% | 16.9% | 16.5% | -16.8% | 18.6% | 16.7% | 15.5% | 13.7% |
| ROA (Net income/ Total Assets) | 10.6% | 10.7% | 10.4% | -10.1% | 11.8% | 15.3% | 12.7% | 12.9% |
| Assets 1 | 1,017 | 1,053 | 1,204 | 1,395 | 1,258 | 1,029 | 1,260 | 1,279 |
| Book Value Per Share 3 | 31,985 | 33,396 | 41,366 | 36,565 | 52,717 | 48,247 | 56,879 | 61,364 |
| Cash Flow per Share 3 | 8,074 | 9,908 | 9,303 | 5,853 | 5,799 | 8,010 | 8,379 | - |
| Capex 1 | 1.07 | 0.49 | 0.6 | 1.14 | 0.63 | 2.6 | 3.43 | 3 |
| Capex / Sales | 0.21% | 0.08% | 0.1% | 0.19% | 0.11% | 0.39% | 0.5% | 0.4% |
| Announcement Date | 2/4/20 | 2/4/21 | 2/9/22 | 2/8/23 | 2/13/24 | - | - | - |
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
45,000
KRW
Average target price
62,000
KRW
Spread / Average Target
+37.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.56% | 642M | |
| -10.34% | 24.91B | |
| +18.23% | 22.61B | |
| -0.79% | 2.37B | |
| +98.94% | 2.09B | |
| -14.57% | 2.05B | |
| -43.44% | 1.78B | |
| +4.95% | 1.32B | |
| -15.86% | 1.3B | |
| -3.27% | 1.23B |
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- Financials DoubleUGames Co., Ltd.
