Nexen Tire Future Growth

Future criteria checks 2/6

Nexen Tire is forecast to grow earnings and revenue by 21.8% and 6% per annum respectively. EPS is expected to grow by 22.9% per annum. Return on equity is forecast to be 8.7% in 3 years.

Key information

21.8%

Earnings growth rate

22.9%

EPS growth rate

Auto Components earnings growth	14.4%
Revenue growth rate	6.0%
Future return on equity	8.7%
Analyst coverage	Good
Last updated	30 Apr 2024

Recent future growth updates

Recent updates

Is Nexen Tire Corporation (KRX:002350) Trading At A 37% Discount?

Apr 11

Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Feb 26

Nexen Tire's (KRX:002350) Returns On Capital Not Reflecting Well On The Business

May 03

Nexen Tire (KRX:002350) Has No Shortage Of Debt

Apr 12

Would Nexen Tire Corporation (KRX:002350) Be Valuable To Income Investors?

Mar 22

Nexen Tire Corporation (KRX:002350) Shares Could Be 24% Below Their Intrinsic Value Estimate

Mar 07

Do Institutions Own Nexen Tire Corporation (KRX:002350) Shares?

Feb 20

If You Had Bought Nexen Tire's (KRX:002350) Shares Five Years Ago You Would Be Down 44%

Feb 05

Is There An Opportunity With Nexen Tire Corporation's (KRX:002350) 31% Undervaluation?

Dec 05

Could The Nexen Tire Corporation (KRX:002350) Ownership Structure Tell Us Something Useful?

Nov 20

Earnings and Revenue Growth Forecasts

KOSE:A002350 - Analysts future estimates and past financials data (KRW Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,184,500	180,500	86,000	423,000	2
12/31/2025	3,073,552	190,526	144,363	384,311	10
12/31/2024	2,870,507	169,468	134,062	361,578	9
12/31/2023	2,701,720	102,792	-81,582	241,860	N/A
9/30/2023	2,725,455	84,725	-263,331	35,231	N/A
6/30/2023	2,742,094	47,955	-335,343	-32,976	N/A
3/31/2023	2,703,990	11,114	-282,455	11,666	N/A
12/31/2022	2,597,424	-27,769	-371,609	-99,407	N/A
9/30/2022	2,440,755	-46,328	-209,921	33,744	N/A
6/30/2022	2,266,408	-58,345	-165,940	31,679	N/A
3/31/2022	2,118,572	-40,056	-76,659	83,990	N/A
12/31/2021	2,079,407	4,818	149,156	265,158	N/A
9/30/2021	1,991,249	26,888	66,807	152,881	N/A
6/30/2021	1,923,661	11,100	111,131	201,069	N/A
3/31/2021	1,732,815	-12,296	56,041	176,068	N/A
12/31/2020	1,698,128	-16,804	61,939	179,088	N/A
9/30/2020	1,698,252	15,616	157,537	307,553	N/A
6/30/2020	1,766,105	53,747	93,605	275,667	N/A
3/31/2020	1,992,042	106,804	131,897	351,546	N/A
12/31/2019	2,022,338	118,230	61,429	291,462	N/A
9/30/2019	2,053,059	113,680	-102,133	180,712	N/A
6/30/2019	2,036,919	116,156	-170,010	184,372	N/A
3/31/2019	1,999,577	97,656	-366,780	100,147	N/A
12/31/2018	1,983,976	96,972	-327,594	156,984	N/A
9/30/2018	1,938,388	99,579	-185,624	295,797	N/A
6/30/2018	1,946,269	112,439	-157,848	280,289	N/A
3/31/2018	1,957,129	121,049	-46,312	238,658	N/A
12/31/2017	1,964,793	124,964	-29,502	255,099	N/A
9/30/2017	1,995,853	142,745	N/A	213,960	N/A
6/30/2017	1,939,165	147,583	N/A	194,332	N/A
3/31/2017	1,918,211	161,536	N/A	344,042	N/A
12/31/2016	1,894,703	173,779	N/A	383,186	N/A
9/30/2016	1,877,483	172,005	N/A	366,946	N/A
6/30/2016	1,877,609	145,822	N/A	417,490	N/A
3/31/2016	1,851,575	144,751	N/A	369,531	N/A
12/31/2015	1,837,467	125,216	N/A	320,821	N/A
9/30/2015	1,818,308	124,253	N/A	311,635	N/A
6/30/2015	1,783,863	131,766	N/A	258,844	N/A
3/31/2015	1,749,803	125,095	N/A	298,912	N/A
12/31/2014	1,758,782	128,492	N/A	303,508	N/A
9/30/2014	1,727,547	118,426	N/A	332,273	N/A
6/30/2014	1,730,155	126,488	N/A	327,670	N/A
3/31/2014	1,748,222	115,884	N/A	212,979	N/A
12/31/2013	1,728,240	122,634	N/A	209,011	N/A
9/30/2013	1,733,793	113,180	N/A	164,926	N/A
6/30/2013	1,746,929	118,516	N/A	150,788	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A002350's forecast earnings growth (21.8% per year) is above the savings rate (2.5%).

Earnings vs Market: A002350's earnings (21.8% per year) are forecast to grow slower than the KR market (29% per year).

High Growth Earnings: A002350's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A002350's revenue (6% per year) is forecast to grow slower than the KR market (9.1% per year).

High Growth Revenue: A002350's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A002350's Return on Equity is forecast to be low in 3 years time (8.7%).

Nexen Tire Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 14%, revenue downgraded

Price target increased by 7.2% to ₩9,820

Price target increased by 8.5% to ₩9,157

Price target increased by 9.8% to ₩8,443

Price target increased to ₩8,371

Price target increased to ₩6,925

Recent updates

Is Nexen Tire Corporation (KRX:002350) Trading At A 37% Discount?

NEXEN Tire Expands Its Original Equipment Portfolio Line for Premium Quality N'FERA SPORT Tires

Full year 2023 earnings released: EPS: ₩1,001 (vs ₩268 loss in FY 2022)

Nexen Tire Corporation, Annual General Meeting, Mar 26, 2024

Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky

Now 20% undervalued

Now 21% undervalued

Upcoming dividend of ₩100.00 per share at 1.2% yield

Nexen Tire Corporation to Report Q3, 2023 Results on Oct 30, 2023

Consensus EPS estimates increase by 14%, revenue downgraded

Price target increased by 7.2% to ₩9,820

Price target increased by 8.5% to ₩9,157

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 9.8% to ₩8,443

Upcoming dividend of ₩105 per share

Price target increased to ₩8,371

Less than half of directors are independent

Price target increased to ₩6,925

Consensus forecasts updated

Nexen Tire Corporation(KOSE:A002350) dropped from KOSPI 200 Index

Consensus forecasts updated

Consensus EPS estimates fall by 28%

Price target decreased to ₩6,240

Less than half of directors are independent

Price target decreased to ₩6,740

Consensus forecasts updated

Nexen Tire Corporation Develops Tire Performance Prediction System Using Ai Technology

Consensus forecasts updated

Nexen Tire Corp. Preferred Ord Shares to Be Deleted from Other OTC

Upcoming dividend of ₩105 per share

Price target increased to ₩7,575

Nexen Tire's (KRX:002350) Returns On Capital Not Reflecting Well On The Business

Nexen Tire (KRX:002350) Has No Shortage Of Debt

Would Nexen Tire Corporation (KRX:002350) Be Valuable To Income Investors?

Nexen Tire Appoints Jin Mann Lee as the Managing Partner at Next Century Ventures

Nexen Tire Corporation, Annual General Meeting, Mar 26, 2021

Nexen Tire Corporation (KRX:002350) Shares Could Be 24% Below Their Intrinsic Value Estimate

New 90-day high: ₩8,280

Do Institutions Own Nexen Tire Corporation (KRX:002350) Shares?

Nexen Tire to Supply the N'FERA SPORT, N'Blue S, and WINGUARD Sport 2 Tires for the New Fourth-Generation Audi A3

Analysts update estimates

New 90-day high: ₩7,100

If You Had Bought Nexen Tire's (KRX:002350) Shares Five Years Ago You Would Be Down 44%

Analysts update estimates

The Trends At Nexen Tire (KRX:002350) That You Should Know About

New 90-day high: ₩6,740

Is Nexen Tire (KRX:002350) Using Too Much Debt?

Should You Investigate Nexen Tire Corporation (KRX:002350) At ₩6,420?

Is There An Opportunity With Nexen Tire Corporation's (KRX:002350) 31% Undervaluation?

New 90-day high: ₩6,080

Could The Nexen Tire Corporation (KRX:002350) Ownership Structure Tell Us Something Useful?

Nexen Tire Launches New All-Season N'blue 4Season Van and Updated Winguard Winspike 3 Winter Tyres in Europe

Analysts update estimates

Manchester City Renews Strategic Partnership with Nexen Tire, Taking the Partnership into Its Third Term Through the New Multi-Year Deal

New 90-day low - ₩5,110

Analysts lower EPS estimates to ₩364

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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