Kangwon Land, Inc. (KRX:035250) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 12
South Korean (KOSPI) Hospitality Industry Analysis
UpdatedApr 13, 2024
DataAggregated Company Financials
Companies19
- 7D-2.6%
- 3M-1.6%
- 1Y-17.0%
- YTD-1.1%
Over the last 7 days, the Hospitality industry has dropped 2.6%, driven by a pullback from Kangwon Land of 3.4%. The industry has fallen 17% in the last year. As for the next few years, earnings are expected to grow by 8.0% per annum.
Industry Valuation and Performance
Has the South Korean Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Apr 2024 | ₩9.4t | ₩7.7t | ₩976.5b | 13x | 9.6x | 1.2x |
| Tue, 12 Mar 2024 | ₩10.7t | ₩7.7t | ₩346.3b | 19.8x | 30.9x | 1.4x |
| Thu, 08 Feb 2024 | ₩10.7t | ₩7.8t | ₩388.4b | 16.8x | 27.5x | 1.4x |
| Sat, 06 Jan 2024 | ₩10.0t | ₩7.7t | ₩346.3b | 17.7x | 29x | 1.3x |
| Mon, 04 Dec 2023 | ₩9.9t | ₩7.9t | ₩399.4b | 17x | 24.9x | 1.3x |
| Wed, 01 Nov 2023 | ₩9.8t | ₩7.2t | ₩202.0b | 21.9x | 48.7x | 1.4x |
| Fri, 29 Sep 2023 | ₩10.5t | ₩7.2t | ₩202.0b | 23.8x | 52.2x | 1.5x |
| Sun, 27 Aug 2023 | ₩11.1t | ₩7.2t | ₩180.7b | 20.5x | 61.4x | 1.5x |
| Tue, 25 Jul 2023 | ₩10.0t | ₩6.4t | -₩154,545,254,190.00 | 19.2x | -64.7x | 1.6x |
| Thu, 22 Jun 2023 | ₩11.1t | ₩6.4t | -₩154,545,254,190.00 | 20.6x | -71.6x | 1.7x |
| Sat, 20 May 2023 | ₩11.6t | ₩6.2t | -₩282,008,570,180.00 | 25.2x | -41x | 1.9x |
| Mon, 17 Apr 2023 | ₩12.1t | ₩6.1t | -₩269,711,322,920.00 | 24.1x | -44.7x | 2x |
| Wed, 15 Mar 2023 | ₩11.4t | ₩5.8t | -₩86,469,683,748.00 | 14.4x | -131.5x | 1.9x |
| Fri, 10 Feb 2023 | ₩13.4t | ₩5.7t | -₩109,413,017,995.00 | 16.4x | -122.4x | 2.3x |
| Sun, 08 Jan 2023 | ₩12.9t | ₩5.6t | -₩148,113,577,950.00 | 15.2x | -87x | 2.3x |
| Tue, 06 Dec 2022 | ₩13.2t | ₩5.8t | -₩101,836,248,950.00 | 17.2x | -129.3x | 2.3x |
| Thu, 03 Nov 2022 | ₩11.7t | ₩5.3t | -₩184,976,959,920.00 | 13.1x | -63.1x | 2.2x |
| Sat, 01 Oct 2022 | ₩12.0t | ₩5.3t | -₩184,976,959,920.00 | 11.8x | -65x | 2.3x |
| Mon, 29 Aug 2022 | ₩13.2t | ₩5.2t | -₩169,130,081,070.00 | 11.9x | -77.8x | 2.5x |
| Wed, 27 Jul 2022 | ₩11.6t | ₩5.0t | ₩123.0b | 15.8x | 94.7x | 2.3x |
| Fri, 24 Jun 2022 | ₩11.8t | ₩5.3t | ₩147.3b | 15.4x | 79.9x | 2.2x |
| Sun, 22 May 2022 | ₩13.4t | ₩5.1t | ₩100.0b | 15.7x | 134.5x | 2.7x |
| Tue, 19 Apr 2022 | ₩14.6t | ₩5.1t | ₩101.2b | 17.8x | 144.4x | 2.9x |
| Thu, 17 Mar 2022 | ₩15.9t | ₩5.0t | -₩360,126,879,390.00 | 12.1x | -44.2x | 3.2x |
| Sat, 12 Feb 2022 | ₩15.3t | ₩4.9t | -₩380,751,312,740.00 | 12.1x | -40.3x | 3.1x |
| Mon, 10 Jan 2022 | ₩14.8t | ₩4.9t | -₩380,751,312,740.00 | 12.6x | -38.9x | 3x |
| Wed, 08 Dec 2021 | ₩14.7t | ₩4.9t | -₩380,751,312,740.00 | 12.4x | -38.6x | 3x |
| Fri, 05 Nov 2021 | ₩16.3t | ₩4.7t | -₩478,127,358,670.00 | 18.8x | -34.1x | 3.5x |
| Sun, 03 Oct 2021 | ₩16.9t | ₩4.7t | -₩478,127,358,670.00 | 16.6x | -35.4x | 3.6x |
| Tue, 31 Aug 2021 | ₩15.0t | ₩4.5t | -₩332,839,654,760.00 | 18x | -45.1x | 3.3x |
| Wed, 07 Jul 2021 | ₩15.2t | ₩4.6t | -₩324,698,531,760.00 | 19.4x | -46.8x | 3.3x |
Price to Earnings Ratio
-24.5x
Current Industry PE
- Investors are pessimistic on the South Korean Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.6x which is higher than its 3-year average PE of -17.0x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the South Korean Consumer Discretionary industry?
| KR Market | -1.20% | |
| Consumer Discretionary | 1.74% | |
| Hospitality | -2.55% | |
| Leisure Facilities | -1.30% | |
| Hotels, Resorts and Cruise Lines | -1.76% | |
| Restaurants | -2.87% | |
| Casinos and Gaming | -2.98% | |
Industry PE
- Investors are most optimistic about the Restaurants industry even though it's trading below its 3-year average PE ratio of 29.7x.
- Analysts are expecting annual earnings growth of 23.3%, which is lower than the prior year's growth of 168.8% per year.
- Investors are most pessimistic about the Leisure Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 28% over the next 5 years.
- In contrast, the Leisure Facilities industry is expected to see its earnings grow by 3.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A104620 Yellow Balloon Tour | ₩6.92k | 2.4% +₩2.5b | -14.1% | PE18.5x |
