Financials SL Corporation

Equities

A005850

KR7005850003

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. 06:00:00 2024-06-04 pm EDT 5-day change 1st Jan Change
36,800 KRW +3.08% Intraday chart for SL Corporation +2.79% +3.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 843,041 748,401 1,436,930 1,056,973 1,644,180 1,694,841 - -
Enterprise Value (EV) 2 773.8 646.1 1,400 1,226 1,694 1,490 1,235 899.8
P/E ratio 9.17 x 11.4 x 14.9 x 6.83 x 4.9 x 4.54 x 4.3 x 3.82 x
Yield 2.2% 3.08% 1.6% 2.61% 2.52% 2.92% 2.58% 3.53%
Capitalization / Revenue 0.37 x 0.3 x 0.48 x 0.25 x 0.34 x 0.34 x 0.31 x 0.29 x
EV / Revenue 0.34 x 0.26 x 0.47 x 0.29 x 0.35 x 0.29 x 0.22 x 0.16 x
EV / EBITDA 5.48 x 3.01 x 5.95 x 3.64 x 3.14 x 2.37 x 1.8 x 1.25 x
EV / FCF -4.88 x -372 x 33.1 x 106 x 6.24 x 5.22 x 4.14 x 2.2 x
FCF Yield -20.5% -0.27% 3.02% 0.95% 16% 19.2% 24.2% 45.5%
Price to Book 0.58 x 0.53 x 0.96 x 0.65 x 0.85 x 0.75 x 0.66 x 0.57 x
Nbr of stocks (in thousands) 46,449 46,055 46,055 46,055 46,055 46,055 - -
Reference price 3 18,150 16,250 31,200 22,950 35,700 36,800 36,800 36,800
Announcement Date 3/3/20 2/15/21 2/18/22 2/17/23 2/16/24 - - -
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 2,262 2,505 3,001 4,175 4,839 5,054 5,541 5,755
EBITDA 1 141.1 215 235.2 336.9 539.4 627.3 686.8 719.3
EBIT 1 43.6 93.16 110.5 197.9 386.2 473 490 542.7
Operating Margin 1.93% 3.72% 3.68% 4.74% 7.98% 9.36% 8.84% 9.43%
Earnings before Tax (EBT) 1 81.89 88.98 155.5 215.7 428.8 503.7 523 596
Net income 1 85.8 64.5 96.45 154.7 335.5 376.4 401.8 447.3
Net margin 3.79% 2.57% 3.21% 3.71% 6.93% 7.45% 7.25% 7.77%
EPS 2 1,979 1,420 2,094 3,360 7,285 8,108 8,555 9,625
Free Cash Flow 3 -158,416 -1,735 42,254 11,597 271,437 285,667 298,750 409,333
FCF margin -7,002.72% -69.27% 1,407.92% 277.8% 5,609.54% 5,651.98% 5,391.46% 7,112.24%
FCF Conversion (EBITDA) - - 17,964.65% 3,442.62% 50,325.55% 45,536.66% 43,496.72% 56,904.54%
FCF Conversion (Net income) - - 43,808.73% 7,494.97% 80,903.36% 75,899.48% 74,360.31% 91,505.22%
Dividend per Share 2 400.0 500.0 500.0 600.0 900.0 1,075 950.0 1,300
Announcement Date 3/3/20 2/15/21 2/18/22 2/17/23 2/16/24 - - -
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
Net sales 1 828.1 844.8 1,016 1,071 1,242 1,211 1,254 1,183 1,191 1,246 1,306 1,250 1,250
EBITDA - - - - - - - - - - - - -
EBIT 1 -5.468 40.99 78.4 48.52 30.01 104.1 133.9 82.75 65.44 138.8 133.6 97.28 96.12
Operating Margin -0.66% 4.85% 7.72% 4.53% 2.42% 8.59% 10.68% 7% 5.5% 11.14% 10.23% 7.78% 7.69%
Earnings before Tax (EBT) 1 11.54 - - 65.14 12.37 126.7 140.2 93.67 68.23 160.5 140 124 64
Net income 1 -11.36 40.55 59.45 37.59 17.14 90.17 104.1 61.05 80.2 116.4 108.1 87 65.9
Net margin -1.37% 4.8% 5.85% 3.51% 1.38% 7.45% 8.3% 5.16% 6.74% 9.35% 8.28% 6.96% 5.27%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/18/22 5/16/22 8/16/22 11/14/22 2/17/23 5/15/23 8/14/23 11/14/23 2/16/24 5/16/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 169 49.7 - - -
Net Cash position 1 69.3 102 36.7 - - 205 460 795
Leverage (Debt/EBITDA) - - - 0.5016 x 0.0921 x - - -
Free Cash Flow 2 -158,416 -1,735 42,254 11,597 271,437 285,667 298,750 409,333
ROE (net income / shareholders' equity) 7.25% 4.6% 6.54% 10.3% 18.8% 18% 16.4% 16%
ROA (Net income/ Total Assets) 4.37% 2.8% 3.93% 5.63% 10.9% 11.9% 10.8% 11.6%
Assets 1 1,965 2,307 2,453 2,750 3,084 3,169 3,713 3,845
Book Value Per Share 3 31,387 30,480 32,608 35,492 41,872 48,966 55,786 64,965
Cash Flow per Share 3 - 3,521 4,159 - - 15,899 16,527 17,880
Capex 1 117 156 149 160 157 200 269 173
Capex / Sales 5.19% 6.22% 4.97% 3.84% 3.24% 3.95% 4.86% 3.01%
Announcement Date 3/3/20 2/15/21 2/18/22 2/17/23 2/16/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
36,800 KRW
Average target price
50,333 KRW
Spread / Average Target
+36.78%
Consensus

Quarterly revenue - Rate of surprise

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