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A204

Mando KOSE:A204320 Stock Report

Last Price

₩47.70k

Market Cap

₩2.2t

7D

7.8%

1Y

-26.7%

Updated

29 Jun, 2022

Data

Company Financials +
A204320 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends3/6

A204320 Stock Overview

Mando Corporation manufactures and sells automobile parts in South Korea and internationally.

Mando Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mando
Historical stock prices
Current Share Price₩47,700.00
52 Week High₩67,500.00
52 Week Low₩42,050.00
Beta1.44
1 Month Change-12.96%
3 Month Change-6.10%
1 Year Change-26.73%
3 Year Change74.09%
5 Year Change-2.65%
Change since IPO20.76%

Recent News & Updates

Shareholder Returns

A204320KR Auto ComponentsKR Market
7D7.8%5.2%3.3%
1Y-26.7%-34.2%-26.6%

Return vs Industry: A204320 exceeded the KR Auto Components industry which returned -33.4% over the past year.

Return vs Market: A204320 underperformed the KR Market which returned -25.6% over the past year.

Price Volatility

Is A204320's price volatile compared to industry and market?
A204320 volatility
A204320 Average Weekly Movement5.6%
Auto Components Industry Average Movement6.2%
Market Average Movement6.2%
10% most volatile stocks in KR Market10.8%
10% least volatile stocks in KR Market3.9%

Stable Share Price: A204320 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A204320's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19624,063Seong Hyeon Chohttps://www.mando.com

Mando Corporation manufactures and sells automobile parts in South Korea and internationally. The company offers braking systems, such as caliper brakes, master cylinder and boosters, drum brakes, electric parking brakes, active hydraulic boost products, integrated dynamic brakes, and active retraction calipers, as well as ABS, TCS, and ESC products; steering systems, including steering gear systems, manual steering gears, hydraulic power steering gears, intermediate shafts, steering columns, and electric power steering systems; and suspension systems comprising damper spring modules, shock absorbers, suspension struts, self-levelizers, and semi-active suspension systems. It also provides driver assistance systems consisting of smart cruise control, lane keeping assist, smart parking assist, blind spot detection, and autonomous emergency braking systems; and electronics, such as power packs, Yaw and G sensors, ultrasonic sensors, torque sensors, torque angle sensors, radars, and front camera modules.

Mando Fundamentals Summary

How do Mando's earnings and revenue compare to its market cap?
A204320 fundamental statistics
Market Cap₩2.24t
Earnings (TTM)₩147.85b
Revenue (TTM)₩6.33t

15.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A204320 income statement (TTM)
Revenue₩6.33t
Cost of Revenue₩5.41t
Gross Profit₩920.73b
Other Expenses₩772.88b
Earnings₩147.85b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.15k
Gross Margin14.54%
Net Profit Margin2.33%
Debt/Equity Ratio100.9%

How did A204320 perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

25%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A204320 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A204320?

Other financial metrics that can be useful for relative valuation.

A204320 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/Revenue0.6x
Enterprise Value/EBITDA6.6x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does A204320's PE Ratio compare to its peers?

A204320 PE Ratio vs Peers
The above table shows the PE ratio for A204320 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average47.6x
A011210 HYUNDAI WIA
27.1x29.6%₩1.5t
A271940 ILJIN Hysolus
140x35.1%₩1.2t
A000240 Hankook
6.9x8.6%₩1.2t
A005850 SL
16.3x30.0%₩1.4t
A204320 Mando
15.1x21.8%₩2.2t

Price-To-Earnings vs Peers: A204320 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (47.6x).


Price to Earnings Ratio vs Industry

How does A204320's PE Ratio compare vs other companies in the KR Auto Components Industry?

Price-To-Earnings vs Industry: A204320 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the KR Auto Components industry average (14.2x)


Price to Earnings Ratio vs Fair Ratio

What is A204320'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.

A204320 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ratio11.1x

Price-To-Earnings vs Fair Ratio: A204320 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).


Share Price vs Fair Value

What is the Fair Price of A204320 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A204320 (₩47700) is trading below our estimate of fair value (₩86902.54)

Significantly Below Fair Value: A204320 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: A204320 is good value based on its PEG Ratio (0.7x)


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Future Growth

How is Mando forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A204320's forecast earnings growth (21.8% per year) is above the savings rate (3.5%).

Earnings vs Market: A204320's earnings (21.8% per year) are forecast to grow faster than the KR market (13.8% per year).

High Growth Earnings: A204320's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A204320's revenue (7.7% per year) is forecast to grow slower than the KR market (9.1% per year).

High Growth Revenue: A204320's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A204320's Return on Equity is forecast to be low in 3 years time (11.8%).


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Past Performance

How has Mando performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A204320 has high quality earnings.

Growing Profit Margin: A204320's current net profit margins (2.3%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: A204320's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: A204320's earnings growth over the past year (217.6%) exceeds its 5-year average (8.8% per year).

Earnings vs Industry: A204320 earnings growth over the past year (217.6%) exceeded the Auto Components industry 16.9%.


Return on Equity

High ROE: A204320's Return on Equity (7.7%) is considered low.


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Financial Health

How is Mando's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A204320's short term assets (₩3,015.4B) exceed its short term liabilities (₩2,013.2B).

Long Term Liabilities: A204320's short term assets (₩3,015.4B) exceed its long term liabilities (₩1,665.6B).


Debt to Equity History and Analysis

Debt Level: A204320's net debt to equity ratio (63.3%) is considered high.

Reducing Debt: A204320's debt to equity ratio has increased from 87.6% to 100.9% over the past 5 years.

Debt Coverage: A204320's debt is well covered by operating cash flow (20.4%).

Interest Coverage: A204320's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A204320's dividend (1.68%) is higher than the bottom 25% of dividend payers in the KR market (0.99%).

High Dividend: A204320's dividend (1.68%) is low compared to the top 25% of dividend payers in the KR market (3.15%).


Stability and Growth of Payments

Stable Dividend: A204320 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A204320 has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.4%), A204320's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25%), A204320's dividend payments are well covered by cash flows.


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Management

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

2.3yrs

Average board tenure


CEO

Seong Hyeon Cho (62 yo)

0.42

Tenure

Seong Hyeon Cho serves as Chief Executive Officer and Head of Automotive Sector since 2022 & Director since March 2021 at Mando Corporation and served as its President since 2021 until 2022. served as Seni...


Board Members

Experienced Board: A204320's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Mando Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Mando Corporation
  • Ticker: A204320
  • Exchange: KOSE
  • Founded: 1962
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₩2.237t
  • Shares outstanding: 46.90m
  • Website: https://www.mando.com

Number of Employees


Location

  • Mando Corporation
  • 32, Hamanho-gil
  • Poseung-eup
  • Pyeongtaek-Si
  • Gyeonggi-do
  • South Korea

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.