Financials Youngone Holdings Co., Ltd.

Equities

A009970

KR7009970005

Apparel & Accessories

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
82,600 ^KRW	-2.82%		-8.02%	+5.90%

Apr. 30	Arris Composites, Inc. announced that it has received $34 million in funding from a group of investors	CI
Mar. 08	Infinited Fiber Company Oy announced that it has received ?40 million in funding from a group of investors	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	542,529	712,541	905,182	958,565	-
Enterprise Value (EV) ¹	542,529	712,541	905,182	958,565	958,565
P/E ratio	2.46 x	1.62 x	2.44 x	3.38 x	3.1 x
Yield	-	-	3.04%	3.03%	3.27%
Capitalization / Revenue	-	0.16 x	0.21 x	0.22 x	0.21 x
EV / Revenue	-	0.16 x	0.21 x	0.22 x	0.21 x
EV / EBITDA	-	0.65 x	0.93 x	1.08 x	0.99 x
EV / FCF	-	-	1.77 x	2.56 x	2.6 x
FCF Yield	-	-	56.5%	39.1%	38.4%
Price to Book	-	-	0.38 x	0.45 x	0.39 x
Nbr of stocks (in thousands)	11,605	11,605	11,605	11,605	-
Reference price ²	46,750	61,400	78,000	82,600	82,600
Announcement Date	3/21/22	3/8/23	2/29/24	-	-

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	4,527	4,350	4,455	4,601
EBITDA ¹	-	1,101	976.5	886	973
EBIT ¹	-	1,014	868.8	799	891
Operating Margin	-	22.4%	19.97%	17.93%	19.37%
Earnings before Tax (EBT) ¹	-	1,083	938.8	840	891
Net income ¹	220.8	440.5	702.3	334	364
Net margin	-	9.73%	16.15%	7.5%	7.91%
EPS ²	19,026	37,959	32,032	24,469	26,671
Free Cash Flow ³	-	-	511,361	375,000	368,000
FCF margin	-	-	11,755.9%	8,417.51%	7,998.26%
FCF Conversion (EBITDA)	-	-	52,365.06%	42,325.06%	37,821.17%
FCF Conversion (Net income)	-	-	72,810.06%	112,275.45%	101,098.9%
Dividend per Share ²	-	-	2,370	2,500	2,700
Announcement Date	3/21/22	3/8/23	2/29/24	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	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	-	1,226	1,364	1,012	1,118	1,051	1,174	892.4	1,118	1,051	1,273
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	296.3	307.7	-	238.3	201.1	220.4	117.9	182	210	255
Operating Margin	-	24.18%	22.56%	-	21.3%	19.13%	18.77%	13.21%	16.28%	19.98%	20.03%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	102	-	-	96.85	-	-	-	-	-	-	-
Net margin	-	-	-	9.57%	-	-	-	-	-	-	-
EPS	8,791	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/16/22	11/14/22	3/8/23	5/15/23	8/14/23	11/14/23	2/29/24	5/16/24	-	-	-

¹KRW in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	511,361	375,000	368,000
ROE (net income / shareholders' equity)	-	25.1%	16.4%	13.8%	13.5%
ROA (Net income/ Total Assets)	-	-	12.1%	10.9%	11%
Assets ²	-	-	5,799	3,064	3,309
Book Value Per Share ³	-	-	202,971	185,177	209,720
Cash Flow per Share ³	-	-	60,476	30,845	32,667
Capex ²	-	-	190	310	170
Capex / Sales	-	-	4.38%	6.96%	3.69%
Announcement Date	3/21/22	3/8/23	2/29/24	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Youngone Holdings Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

82,600 KRW

Average target price

92,000 KRW

Spread / Average Target

+11.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Sportswear & Outdoors Clothing

	1st Jan change	Capi.
YOUNGONE HOLDINGS CO., LTD.	+5.90%	703M
BIEM.L.FDLKK GARMENT CO.,LTD.	-2.84%	2.43B
GOLDWIN INC.	-19.78%	2.38B
DESCENTE LTD.	-10.75%	1.64B
YOUNGONE CORPORATION	-21.71%	1.15B
LAFUMA SA	+1.07%	155M
CREAS F&C CO.,LTD	-7.21%	120M
HOJEON LIMITED	-2.40%	52.47M

Sportswear & Outdoors Clothing