KOSE:A041650

Stock Analysis Report

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Market Cap

₩99.7b

Last Updated

2021/06/11 16:58 UTC

Data Sources

Company Financials

Executive Summary

Sangsin Brake Co., Ltd. engages in the manufacture and sale of brakes and other vehicle friction materials in South Korea and internationally. More Details


Snowflake Analysis

Undervalued with questionable track record.

Share Price & News

How has Sangsin Brake's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: A041650 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A041650's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.0%

A041650

1.1%

KR Auto Components

-0.4%

KR Market


1 Year Return

97.3%

A041650

66.1%

KR Auto Components

48.7%

KR Market

Return vs Industry: A041650 exceeded the KR Auto Components industry which returned 66.1% over the past year.

Return vs Market: A041650 exceeded the KR Market which returned 48.7% over the past year.


Shareholder returns

A041650IndustryMarket
7 Day1.0%1.1%-0.4%
30 Day15.0%6.4%1.7%
90 Day18.8%4.6%5.4%
1 Year100.4%97.3%69.2%66.1%52.7%48.7%
3 Year-18.3%-23.7%40.9%33.4%40.1%30.5%
5 Year-18.5%-27.4%22.4%12.0%73.9%52.9%

Long-Term Price Volatility Vs. Market

How volatile is Sangsin Brake's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sangsin Brake undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A041650 (₩5090) is trading below our estimate of fair value (₩17769.73)

Significantly Below Fair Value: A041650 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A041650 is good value based on its PE Ratio (14.6x) compared to the KR Auto Components industry average (18.7x).

PE vs Market: A041650 is good value based on its PE Ratio (14.6x) compared to the KR market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A041650's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A041650 is good value based on its PB Ratio (0.6x) compared to the KR Auto Components industry average (0.9x).


Future Growth

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

17.9%

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 Sangsin Brake 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.


Past Performance

How has Sangsin Brake performed over the past 5 years?

-47.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A041650 has high quality earnings.

Growing Profit Margin: A041650 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: A041650's earnings have declined by 47.3% per year over the past 5 years.

Accelerating Growth: A041650 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: A041650 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-4.8%).


Return on Equity

High ROE: A041650's Return on Equity (4%) is considered low.


Financial Health

How is Sangsin Brake's financial position?


Financial Position Analysis

Short Term Liabilities: A041650's short term assets (₩265.6B) exceed its short term liabilities (₩227.8B).

Long Term Liabilities: A041650's short term assets (₩265.6B) exceed its long term liabilities (₩57.2B).


Debt to Equity History and Analysis

Debt Level: A041650's debt to equity ratio (113.2%) is considered high.

Reducing Debt: A041650's debt to equity ratio has increased from 97.8% to 113.2% over the past 5 years.

Debt Coverage: A041650's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: A041650's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is Sangsin Brake current dividend yield, its reliability and sustainability?

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: A041650's dividend (0.98%) is higher than the bottom 25% of dividend payers in the KR market (0.67%).

High Dividend: A041650's dividend (0.98%) is low compared to the top 25% of dividend payers in the KR market (2.13%).


Stability and Growth of Payments

Stable Dividend: A041650 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A041650 has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), A041650's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

14.4yrs

Average management tenure


CEO

Hyoil Kim (77 yo)

21.25yrs

Tenure

Mr. Hyoil Kim has been the Chief Executive Officer of Sangsin Brake Co., Ltd. since March 2000 and served as its Director. Mr. Kim graduated in Commercial Science from Yeungnam University.


Leadership Team

Experienced Management: A041650's management team is seasoned and experienced (14.4 years average tenure).


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.


Top Shareholders

Company Information

Sangsin Brake Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sangsin Brake Co., Ltd.
  • Ticker: A041650
  • Exchange: KOSE
  • Founded: 1953
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₩99.706b
  • Shares outstanding: 19.36m
  • Website: https://www.sangsin.com

Number of Employees


Location

  • Sangsin Brake Co., Ltd.
  • 90 Techno Chungangdae-ro
  • Yuga-eup
  • Daegu
  • 43023
  • South Korea

Listings


Biography

Sangsin Brake Co., Ltd. engages in the manufacture and sale of brakes and other vehicle friction materials in South Korea and internationally. The company offers brake pads, brake linings, brake assemblies...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/11 16:58
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.