Motonic (KOSE:A009680) - Share price, News & Analysis

Q: What is the Fair Price of A009680 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A009680 (₩8590) is trading above our estimate of [[fair value]] (₩3945.67)

A009680 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

A009680 Stock Overview

Motonic Corporation manufactures and sells automotive components worldwide.

Rewards

Price-To-Earnings ratio (11x) is below the KR market (13.1x)

Earnings grew by 20.3% over the past year

Risk Analysis

Unstable dividend track record

Large one-off items impacting financial results

Motonic Competitors

DAE-IL

KOSE:A092200

₩170.9b

SNT Holdings

KOSE:A036530

₩227.0b

PHA

KOSDAQ:A043370

₩148.3b

UNITEKNOLtd

KOSDAQ:A241690

₩140.7b

Price History & Performance

Summary of all time highs, changes and price drops for Motonic
Historical stock prices
Current Share Price	₩8,590.00
52 Week High	₩13,100.00
52 Week Low	₩7,380.00
Beta	0.95
1 Month Change	1.66%
3 Month Change	-3.16%
1 Year Change	-18.58%
3 Year Change	-0.81%
5 Year Change	-9.96%
Change since IPO	311.66%

Recent News & Updates

Apr 12

Returns On Capital Are Showing Encouraging Signs At Motonic (KRX:009680)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Shareholder Returns

	A009680	KR Auto Components	KR Market
7D	0.6%	-0.9%	0.06%
1Y	-18.6%	-23.0%	-22.5%

Return vs Industry: A009680 exceeded the KR Auto Components industry which returned -23% over the past year.

Return vs Market: A009680 exceeded the KR Market which returned -22.5% over the past year.

Price Volatility

Is A009680's price volatile compared to industry and market?
A009680 volatility
A009680 Average Weekly Movement	3.5%
Auto Components Industry Average Movement	6.4%
Market Average Movement	6.4%
10% most volatile stocks in KR Market	11.0%
10% least volatile stocks in KR Market	3.9%

Stable Share Price: A009680 is less volatile than 75% of KR stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: A009680's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1974	279	Young-Bong Kim	https://www.motonic.co.kr

Motonic Corporation manufactures and sells automotive components worldwide. The company offers high pressure regulators, receptacle, and manifolds; LPDI high-pressure fuel pumps, and low-pressure fuel pumps and drivers; LPI systems comprising pump modules, injection modules, regulators, and drivers; oil pump control units and fuel pump controllers; and variable valve lifts. It also provides electronic-cylinder deactivation actuators and electronic-variable valve lifts; aluminum alloy, stainless steel, plastic, and high pressure rails; oil pumps; GDI high-pressure fuel pumps; EGR valves; and air induction components comprising intake manifolds, throttle bodies, and air control valves.

Motonic Fundamentals Summary

How do Motonic's earnings and revenue compare to its market cap?
A009680 fundamental statistics
Market Cap	₩187.68b
Earnings (TTM)	₩17.12b
Revenue (TTM)	₩197.10b

11.0x

P/E Ratio

1.0x

P/S Ratio

Is A009680 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A009680 income statement (TTM)
Revenue	₩197.10b
Cost of Revenue	₩169.85b
Gross Profit	₩27.25b
Other Expenses	₩10.13b
Earnings	₩17.12b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	783.70
Gross Margin	13.82%
Net Profit Margin	8.69%
Debt/Equity Ratio	0%

How did A009680 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

51%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is A009680 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A009680?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for A009680. This is calculated by dividing A009680's market cap by their current preferred multiple.
What is A009680's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₩187.68b

A009680 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does A009680's PE Ratio compare to its peers?

A009680 PE Ratio vs Peers

The above table shows the PE ratio for A009680 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	8.4x
A092200 DAE-IL	7x	n/a	₩170.9b
A036530 SNT Holdings	5.7x	n/a	₩227.0b
A043370 PHA	4.9x	n/a	₩148.3b
A241690 UNITEKNOLtd	16.1x	n/a	₩140.7b
A009680 Motonic	11x	n/a	₩187.7b

Price-To-Earnings vs Peers: A009680 is expensive based on its Price-To-Earnings Ratio (11x) compared to the peer average (8.4x).

Price to Earnings Ratio vs Industry

How does A009680's PE Ratio compare vs other companies in the KR Auto Components Industry?

Price-To-Earnings vs Industry: A009680 is good value based on its Price-To-Earnings Ratio (11x) compared to the KR Auto Components industry average (15x)

Price to Earnings Ratio vs Fair Ratio

What is A009680's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A009680 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate A009680's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of A009680 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A009680 (₩8590) is trading above our estimate of fair value (₩3945.67)

Significantly Below Fair Value: A009680 is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is Motonic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

17.6%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Motonic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Check out Motonic's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.

Past Performance

How has Motonic performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

3.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A009680 has a large one-off gain of ₩6.0B impacting its March 31 2022 financial results.

Growing Profit Margin: A009680's current net profit margins (8.7%) are higher than last year (7.8%).

Past Earnings Growth Analysis

Earnings Trend: A009680's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: A009680's earnings growth over the past year (20.3%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: A009680 earnings growth over the past year (20.3%) exceeded the Auto Components industry 4.5%.

Return on Equity

High ROE: A009680's Return on Equity (4.1%) is considered low.

Discover strong past performing companies

Financial Health

How is Motonic's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: A009680's short term assets (₩387.0B) exceed its short term liabilities (₩32.3B).

Long Term Liabilities: A009680's short term assets (₩387.0B) exceed its long term liabilities (₩3.7B).

Debt to Equity History and Analysis

Debt Level: A009680 is debt free.

Reducing Debt: A009680 had no debt 5 years ago.

Debt Coverage: A009680 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: A009680 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies

Dividend

What is Motonic current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

4.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A009680's dividend (4.66%) is higher than the bottom 25% of dividend payers in the KR market (0.95%).

High Dividend: A009680's dividend (4.66%) is in the top 25% of dividend payers in the KR market (3%)

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, A009680 has been paying a dividend for less than 10 years.

Growing Dividend: A009680's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51%), A009680's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (73.8%), A009680's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Young-Bong Kim

no data

Tenure

Mr. Yeong-Bong Kim serves as Chairman and Co-Chief Executive Officer of Motonic Corporation. Mr. Kim serves as the Chairman of Daesung Automotive Co., Ltd. He is a Graduate of Sungkyunkwan University.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/11 00:00
End of Day Share Price	2022/08/11 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31