We Think Hyosung TNC (KRX:298020) Is Taking Some Risk With Its Debt
Apr 18
South Korean (KOSPI) Materials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies309
- 7D-3.7%
- 3M2.1%
- 1Y-24.3%
- YTD-11.4%
Over the last 7 days, the Materials industry has dropped 3.7%, driven by LG Chem declining 5.7%. In contrast, Hyosung TNC has gained 7.3%. However, the industry is down 24% over the past year. Earnings are forecast to grow by 41% annually.
Sector Valuation and Performance
Has the South Korean Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | ₩175.3t | ₩394.8t | ₩9.1t | 10.7x | 19.4x | 0.4x |
| Thu, 21 Mar 2024 | ₩190.1t | ₩397.9t | ₩10.5t | 11.6x | 18.1x | 0.5x |
| Sat, 17 Feb 2024 | ₩199.3t | ₩411.1t | ₩10.8t | 12.7x | 18.4x | 0.5x |
| Mon, 15 Jan 2024 | ₩196.3t | ₩413.4t | ₩10.2t | 12.6x | 19.2x | 0.5x |
| Wed, 13 Dec 2023 | ₩220.7t | ₩421.8t | ₩10.2t | 12.7x | 21.7x | 0.5x |
| Fri, 10 Nov 2023 | ₩214.7t | ₩421.2t | ₩10.6t | 10x | 20.2x | 0.5x |
| Sun, 08 Oct 2023 | ₩222.9t | ₩421.0t | ₩10.7t | 10.4x | 20.9x | 0.5x |
| Tue, 05 Sep 2023 | ₩254.3t | ₩422.4t | ₩10.8t | 10.6x | 23.5x | 0.6x |
| Thu, 03 Aug 2023 | ₩262.1t | ₩426.2t | ₩13.8t | 11.7x | 19x | 0.6x |
| Sat, 01 Jul 2023 | ₩262.7t | ₩429.9t | ₩13.9t | 12.3x | 18.8x | 0.6x |
| Mon, 29 May 2023 | ₩250.5t | ₩429.9t | ₩14.1t | 12.5x | 17.8x | 0.6x |
| Wed, 26 Apr 2023 | ₩261.3t | ₩424.0t | ₩16.4t | 11.6x | 15.9x | 0.6x |
| Fri, 24 Mar 2023 | ₩238.3t | ₩419.6t | ₩16.0t | 10.9x | 14.9x | 0.6x |
| Sun, 19 Feb 2023 | ₩226.7t | ₩420.3t | ₩18.7t | 10.4x | 12.1x | 0.5x |
| Tue, 17 Jan 2023 | ₩209.6t | ₩420.2t | ₩18.7t | 9.9x | 11.2x | 0.5x |
| Thu, 15 Dec 2022 | ₩211.2t | ₩419.9t | ₩18.7t | 10.3x | 11.3x | 0.5x |
| Sat, 12 Nov 2022 | ₩221.5t | ₩408.6t | ₩21.5t | 10.8x | 10.3x | 0.5x |
| Mon, 10 Oct 2022 | ₩192.8t | ₩407.8t | ₩22.9t | 10.5x | 8.4x | 0.5x |
| Wed, 07 Sep 2022 | ₩209.8t | ₩407.5t | ₩23.1t | 11.2x | 9.1x | 0.5x |
| Fri, 05 Aug 2022 | ₩201.5t | ₩387.4t | ₩25.4t | 11.5x | 7.9x | 0.5x |
| Sun, 03 Jul 2022 | ₩185.2t | ₩387.4t | ₩25.4t | 10.4x | 7.3x | 0.5x |
| Tue, 31 May 2022 | ₩221.0t | ₩385.1t | ₩25.2t | 12.8x | 8.8x | 0.6x |
| Thu, 28 Apr 2022 | ₩211.7t | ₩362.8t | ₩26.0t | 13.5x | 8.1x | 0.6x |
| Sat, 26 Mar 2022 | ₩220.2t | ₩361.0t | ₩26.5t | 13.3x | 8.3x | 0.6x |
| Mon, 21 Feb 2022 | ₩220.1t | ₩342.5t | ₩23.3t | 13.1x | 9.5x | 0.6x |
| Wed, 19 Jan 2022 | ₩235.2t | ₩336.3t | ₩22.5t | 13.3x | 10.5x | 0.7x |
| Fri, 17 Dec 2021 | ₩242.0t | ₩336.3t | ₩22.5t | 14.2x | 10.8x | 0.7x |
| Sun, 14 Nov 2021 | ₩249.1t | ₩316.4t | ₩19.4t | 14.8x | 12.8x | 0.8x |
| Tue, 12 Oct 2021 | ₩253.6t | ₩303.1t | ₩16.9t | 14.9x | 15x | 0.8x |
| Thu, 09 Sep 2021 | ₩263.0t | ₩307.4t | ₩17.2t | 17x | 15.3x | 0.9x |
| Sat, 07 Aug 2021 | ₩262.7t | ₩307.2t | ₩17.2t | 17.2x | 15.3x | 0.9x |
| Fri, 30 Apr 2021 | ₩251.8t | ₩280.0t | ₩11.2t | 19.3x | 22.5x | 0.9x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are optimistic on the South Korean Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.4x which is higher than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 6.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South Korean Materials sector?
| KR Market | -3.28% | |
| Materials | -3.71% | |
| Basic Materials | 0.16% | |
| Metals and Mining | -1.20% | |
| Packaging | -1.93% | |
| Paper and Forestry Products | -2.51% | |
| Chemicals | -5.48% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 19.4x.
- Analysts are expecting annual earnings growth of 57.9%, which is higher than its past year's earnings decline of 13.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| A005490 POSCO Holdings | ₩392.50k | 3.2% +₩910.5b | 3.4% | PE17.5x | |
| A457190 ISU Specialty Chemical | ₩67.90k | 14.7% +₩393.6b | n/a | n/a | |
| A298020 Hyosung TNC | ₩351.00k | 13.0% +₩174.8b | -7.5% | PE16.3x | |
| A298050 Hyosung Advanced Materials | ₩339.00k | 8.7% +₩120.6b | -14.7% | PE42.6x | |
| A002710 TCC Steel | ₩55.00k | 8.5% +₩112.7b | 39.9% | PS2.3x |
