Financials SeAH Steel Holdings Corporation

Equities

A003030

KR7003030004

Iron & Steel

End-of-day quote Korea S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
232,000 KRW +0.87% Intraday chart for SeAH Steel Holdings Corporation +8.92% -3.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 199,348 191,518 180,003 416,167 591,928 969,711
Enterprise Value (EV) 1 725,004 711,488 513,859 943,720 1,053,352 1,389,609
P/E ratio 0.76 x -62.3 x 10.5 x 2.37 x 2.13 x 3.42 x
Yield 3.65% 3.16% 3.37% 1.7% 1.54% 0.83%
Capitalization / Revenue 0.11 x 0.07 x 0.08 x 0.15 x 0.15 x 0.25 x
EV / Revenue 0.41 x 0.27 x 0.22 x 0.33 x 0.27 x 0.36 x
EV / EBITDA 5.97 x 5.76 x 3.99 x 2.65 x 1.68 x 2.12 x
EV / FCF -12.5 x 18 x 2.21 x -4.01 x 8.09 x -92.1 x
FCF Yield -7.98% 5.56% 45.1% -24.9% 12.4% -1.09%
Price to Book 0.21 x 0.2 x 0.18 x 0.35 x 0.39 x 0.54 x
Nbr of stocks (in thousands) 4,044 4,040 4,040 4,040 4,040 4,040
Reference price 2 49,300 47,400 44,550 103,000 146,500 240,000
Announcement Date 3/14/19 3/12/20 3/18/21 3/14/22 3/15/23 3/18/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,781,689 2,643,907 2,306,357 2,841,722 3,953,834 3,913,342
EBITDA 1 121,406 123,415 128,756 355,910 627,362 655,220
EBIT 1 72,819 61,722 67,104 298,952 567,164 590,946
Operating Margin 4.09% 2.33% 2.91% 10.52% 14.34% 15.1%
Earnings before Tax (EBT) 1 192,417 47,254 42,167 307,856 531,476 561,108
Net income 1 316,448 -3,072 17,081 175,962 278,374 283,629
Net margin 17.76% -0.12% 0.74% 6.19% 7.04% 7.25%
EPS 2 64,511 -760.4 4,227 43,550 68,897 70,197
Free Cash Flow 1 -57,851 39,537 232,005 -235,203 130,155 -15,085
FCF margin -3.25% 1.5% 10.06% -8.28% 3.29% -0.39%
FCF Conversion (EBITDA) - 32.04% 180.19% - 20.75% -
FCF Conversion (Net income) - - 1,358.28% - 46.76% -
Dividend per Share 2 1,800 1,500 1,500 1,750 2,250 2,000
Announcement Date 3/14/19 3/12/20 3/18/21 3/14/22 3/15/23 3/18/24
1KRW in Million2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q3
Net sales - 999.1 1,041 -
EBITDA - - - -
EBIT - 134.7 211.5 -
Operating Margin - 13.48% 20.32% -
Earnings before Tax (EBT) - 93.66 211.5 -
Net income 1 96.51 - - 66.03
Net margin - - - -
EPS 2 23,886 - - 16,342
Dividend per Share - - - -
Announcement Date 11/14/22 3/15/23 5/15/23 11/14/23
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 525,656 519,970 333,856 527,553 461,425 419,898
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.33 x 4.213 x 2.593 x 1.482 x 0.7355 x 0.6409 x
Free Cash Flow 1 -57,851 39,537 232,005 -235,203 130,155 -15,085
ROE (net income / shareholders' equity) 11.9% 1.09% 2.52% 15.5% 21.1% 18.7%
ROA (Net income/ Total Assets) 1.87% 1.58% 1.76% 7.17% 11% 9.34%
Assets 1 16,886,244 -194,893 970,164 2,455,449 2,540,906 3,038,272
Book Value Per Share 2 232,962 238,819 241,520 298,051 372,105 445,151
Cash Flow per Share 2 27,675 29,758 46,284 57,992 121,369 176,649
Capex 1 60,799 45,594 62,195 59,149 197,056 492,047
Capex / Sales 3.41% 1.72% 2.7% 2.08% 4.98% 12.57%
Announcement Date 3/14/19 3/12/20 3/18/21 3/14/22 3/15/23 3/18/24
1KRW in Million2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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