Financials PI Advanced Materials Co., Ltd.

Equities

A178920

KR7178920005

Commodity Chemicals

End-of-day quote Korea S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
28,000 KRW +4.09% Intraday chart for PI Advanced Materials Co., Ltd. +10.45% -8.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,027,821 1,086,554 1,618,084 848,687 895,673 822,257 - -
Enterprise Value (EV) 2 1,071 1,071 1,586 928.8 895.7 917.9 908.7 862.3
P/E ratio 58 x 26 x 25.3 x 18.6 x -500 x 25.6 x 20.1 x 18.7 x
Yield 2.37% 1.92% 1.98% 2.7% - 2.78% 2.42% -
Capitalization / Revenue 4.6 x 4.15 x 5.36 x 3.07 x 4.12 x 3.15 x 2.84 x 2.62 x
EV / Revenue 4.79 x 4.09 x 5.25 x 3.36 x 4.12 x 3.52 x 3.13 x 2.75 x
EV / EBITDA 20.4 x 13.2 x 15.9 x 11.9 x 35.4 x 13 x 10.7 x 9.61 x
EV / FCF 75.5 x 14.8 x 28.4 x -10.3 x - 24.7 x 31.2 x 24.3 x
FCF Yield 1.32% 6.74% 3.52% -9.73% - 4.05% 3.2% 4.11%
Price to Book 4.09 x 3.84 x 4.97 x 2.49 x - 2.47 x 2.32 x 2.07 x
Nbr of stocks (in thousands) 29,366 29,366 29,366 29,366 29,366 29,366 - -
Reference price 3 35,000 37,000 55,100 28,900 30,500 28,000 28,000 28,000
Announcement Date 1/16/20 2/5/21 1/24/22 2/6/23 1/15/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 223.7 261.8 301.9 276.4 217.6 260.9 289.9 314
EBITDA 1 52.52 80.95 99.56 77.91 25.3 70.88 85.16 89.7
EBIT 1 33.6 60.01 75.86 52.14 -3.938 40.42 51.25 55.4
Operating Margin 15.02% 22.92% 25.13% 18.86% -1.81% 15.49% 17.68% 17.65%
Earnings before Tax (EBT) 1 21.16 52.74 83.31 53.98 -6.647 39.88 51.78 55.4
Net income 1 17.72 41.72 64 45.71 -1.796 32.14 41.1 43.91
Net margin 7.92% 15.94% 21.2% 16.54% -0.83% 12.32% 14.18% 13.99%
EPS 2 603.0 1,421 2,179 1,557 -61.00 1,092 1,394 1,496
Free Cash Flow 3 14,180 72,159 55,857 -90,356 - 37,200 29,100 35,467
FCF margin 6,339.41% 27,563.67% 18,503.73% -32,685.4% - 14,260.46% 10,037.65% 11,296.92%
FCF Conversion (EBITDA) 26,999.37% 89,142.69% 56,104.11% - - 52,486.77% 34,172.12% 39,539.2%
FCF Conversion (Net income) 80,032.73% 172,943.17% 87,276.59% - - 115,761.63% 70,802.92% 80,775.87%
Dividend per Share 2 830.0 711.0 1,090 779.0 - 779.0 677.4 -
Announcement Date 1/16/20 2/5/21 1/24/22 2/6/23 1/15/24 - - -
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 69.93 78.27 75.05 70.26 52.85 42.64 60.22 61.39 53.4 51.81 68.88 76.4 66.18 54.5 77.9
EBITDA - - - - - - - - - - - - - - -
EBIT 1 14.43 13.24 12.95 14.09 11.86 -11.74 2.47 4.241 1.095 2.47 12.85 15.34 9.784 8.2 14
Operating Margin 20.63% 16.92% 17.25% 20.05% 22.43% -27.54% 4.1% 6.91% 2.05% 4.77% 18.65% 20.08% 14.79% 15.05% 17.97%
Earnings before Tax (EBT) 1 22.12 14.01 15.59 17.17 7.208 - 1.613 4.176 -0.257 1.816 12.7 16.3 7.5 - -
Net income 1 16.13 11.86 12.75 13.57 7.529 - 2.178 4.207 -0.149 1.486 10.8 13.8 6.4 - -
Net margin 23.06% 15.16% 16.99% 19.31% 14.24% - 3.62% 6.85% -0.28% 2.87% 15.68% 18.06% 9.67% - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/24/22 4/25/22 7/25/22 10/24/22 2/6/23 5/8/23 7/24/23 11/1/23 1/15/24 4/30/24 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 43.3 - - 80.1 - 95.6 86.5 40.1
Net Cash position 1 - 15.5 32.3 - - - - -
Leverage (Debt/EBITDA) 0.8242 x - - 1.028 x - 1.349 x 1.015 x 0.4467 x
Free Cash Flow 2 14,180 72,159 55,857 -90,356 - 37,200 29,100 35,467
ROE (net income / shareholders' equity) 8.63% 15.6% 21% 13.7% -0.72% 9.83% 12% 11.6%
ROA (Net income/ Total Assets) 5.8% 10.5% 14.6% 9.41% -0.35% 5.8% 7.04% 6.9%
Assets 1 305.4 398.5 438.5 486 508.5 554.1 584.2 636.6
Book Value Per Share 3 8,557 9,633 11,097 11,627 - 11,352 12,064 13,554
Cash Flow per Share 3 1,296 2,756 3,016 594.0 - 2,516 2,464 2,595
Capex 1 23.9 8.78 32.7 108 - 47.6 34.3 34.9
Capex / Sales 10.68% 3.35% 10.83% 38.99% - 18.24% 11.83% 11.12%
Announcement Date 1/16/20 2/5/21 1/24/22 2/6/23 1/15/24 - - -
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

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Investor Rating
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Quarterly revenue - Rate of surprise

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