What MH Ethanol Co.,Ltd.'s (KRX:023150) P/E Is Not Telling You
Dec 16
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South Korean (KOSPI) Beverage Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies11
- 7D-0.4%
- 3M-1.7%
- 1Y-12.6%
- YTD-11.2%
The Beverage industry has gained 1.7% in the last week and Jinro Distillers up 3.9%. However, the industry is down 12% over the past year. Earnings are forecast to grow by 1.8% annually.
Industry Valuation and Performance
Has the South Korean Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | ₩3.5t | ₩9.9t | ₩310.9b | 12.9x | 11.2x | 0.4x |
| Sun, 17 Nov 2024 | ₩3.3t | ₩9.7t | ₩342.7b | 10.9x | 9.8x | 0.3x |
| Tue, 15 Oct 2024 | ₩3.5t | ₩9.6t | ₩308.3b | 10.6x | 11.2x | 0.4x |
| Thu, 12 Sep 2024 | ₩3.6t | ₩9.7t | ₩310.2b | 12x | 11.5x | 0.4x |
| Sat, 10 Aug 2024 | ₩3.7t | ₩9.3t | ₩234.2b | 14.8x | 15.8x | 0.4x |
| Mon, 08 Jul 2024 | ₩3.7t | ₩9.3t | ₩234.2b | 16.6x | 15.8x | 0.4x |
| Wed, 05 Jun 2024 | ₩3.7t | ₩9.3t | ₩236.3b | 16.9x | 15.5x | 0.4x |
| Fri, 03 May 2024 | ₩3.7t | ₩9.0t | ₩268.5b | 16.8x | 13.8x | 0.4x |
| Sun, 31 Mar 2024 | ₩3.7t | ₩9.0t | ₩268.5b | 17.2x | 13.6x | 0.4x |
| Tue, 27 Feb 2024 | ₩3.7t | ₩8.7t | ₩193.8b | 17.4x | 19x | 0.4x |
| Thu, 25 Jan 2024 | ₩3.6t | ₩8.7t | ₩190.8b | 13.8x | 19x | 0.4x |
| Sat, 23 Dec 2023 | ₩3.9t | ₩8.7t | ₩190.8b | 15x | 20.6x | 0.5x |
| Mon, 20 Nov 2023 | ₩4.0t | ₩8.6t | ₩136.1b | 24.9x | 29.1x | 0.5x |
| Wed, 18 Oct 2023 | ₩3.5t | ₩8.6t | ₩154.7b | 24.2x | 22.6x | 0.4x |
| Fri, 15 Sep 2023 | ₩3.5t | ₩8.6t | ₩154.7b | 26.1x | 22.7x | 0.4x |
| Sun, 13 Aug 2023 | ₩3.6t | ₩8.6t | ₩205.5b | 15.3x | 17.8x | 0.4x |
| Tue, 11 Jul 2023 | ₩3.6t | ₩8.6t | ₩205.5b | 15.2x | 17.3x | 0.4x |
| Thu, 08 Jun 2023 | ₩3.9t | ₩8.6t | ₩208.6b | 16.4x | 18.8x | 0.5x |
| Sat, 06 May 2023 | ₩4.0t | ₩8.5t | ₩211.5b | 14.9x | 18.7x | 0.5x |
| Mon, 03 Apr 2023 | ₩4.1t | ₩8.5t | ₩211.5b | 15.5x | 19.4x | 0.5x |
| Wed, 01 Mar 2023 | ₩4.3t | ₩8.3t | ₩230.3b | 14.8x | 18.6x | 0.5x |
| Fri, 27 Jan 2023 | ₩4.3t | ₩8.3t | ₩230.3b | 16x | 18.8x | 0.5x |
| Sun, 25 Dec 2022 | ₩4.6t | ₩8.3t | ₩230.3b | 16.8x | 19.9x | 0.6x |
| Tue, 22 Nov 2022 | ₩4.3t | ₩8.3t | ₩252.6b | 12.9x | 17.1x | 0.5x |
| Thu, 20 Oct 2022 | ₩4.0t | ₩8.0t | ₩259.7b | 9.4x | 15.6x | 0.5x |
| Sat, 17 Sep 2022 | ₩4.6t | ₩8.0t | ₩259.7b | 10.9x | 17.9x | 0.6x |
| Mon, 15 Aug 2022 | ₩5.1t | ₩7.7t | ₩269.5b | 11.9x | 18.9x | 0.7x |
| Wed, 13 Jul 2022 | ₩4.8t | ₩7.7t | ₩269.5b | 12.2x | 17.9x | 0.6x |
| Fri, 10 Jun 2022 | ₩5.6t | ₩7.7t | ₩272.1b | 13.1x | 20.6x | 0.7x |
| Sun, 08 May 2022 | ₩5.9t | ₩7.5t | ₩253.5b | 14.7x | 23.1x | 0.8x |
| Tue, 05 Apr 2022 | ₩5.8t | ₩7.5t | ₩254.8b | 13.8x | 22.9x | 0.8x |
| Thu, 03 Mar 2022 | ₩5.5t | ₩7.4t | ₩201.4b | 26.2x | 27.4x | 0.7x |
| Sat, 29 Jan 2022 | ₩4.7t | ₩7.4t | ₩201.4b | 24.6x | 23.5x | 0.6x |
| Mon, 27 Dec 2021 | ₩4.8t | ₩7.4t | ₩201.4b | 25.6x | 23.8x | 0.7x |
Price to Earnings Ratio
23.8x
Current Industry PE
- Investors are optimistic on the South Korean Beverage industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.3x which is higher than its 3-year average PE of 18.5x.
- The 3-year average PS ratio of 0.50x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have declined 20% per year over the last three years,
- Revenues have also declined 24% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South Korean Consumer Staples industry?
| KR Market | -1.64% | |
| Consumer Staples | -0.35% | |
| Beverage | -0.45% | |
| Distillers and Wine Makers | 0.19% | |
| Soft Drinks | -1.16% | |
| Brewers | -1.68% | |
Industry PE
- Investors are most optimistic about the Distillers and Wine Makers industry which is trading above its 3-year average PE ratio of 23.1x.
- Analysts are expecting annual earnings growth of 1.8%, which is higher than its past year's earnings decline of 32.0% per year.
- Investors are most pessimistic about the Brewers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Soft Drinks industry, expecting annual earnings growth of 1.8% over the next 5 years.
- In contrast, the Distillers and Wine Makers industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| A018120 Jinro Distillers | ₩17.27k | 4.0% +₩4.4b | 7.7% | PE11.6x | |
| A043650 Kook Soon Dang.Co.Ltd | ₩4.80k | 5.6% +₩4.0b | -20.3% | PE27.5x | |
| A023150 MH EthanolLtd | ₩5.57k | 12.1% +₩3.8b | -18.8% | PE16.3x | |
| A000140 Hitejinro Holdings | ₩9.49k | 0.1% +₩218.4m | 4.4% | PE5.5x |
