Shinsung Delta TechLtd (KOSDAQ:A065350) - Share price, News & Analysis

A065350 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	5/6
Financial Health	3/6
Dividends	2/6

A065350 Stock Overview

Shinsung Delta Tech Co.,Ltd. produces and sells various home appliance, automotive, IT, and B2C products in South Korea and internationally.

Rewards

Trading at 74.8% below our estimate of its fair value

Earnings are forecast to grow 32.29% per year

Earnings grew by 174.8% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 0.95% is not well covered by earnings

Shinsung Delta TechLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shinsung Delta TechLtd
Historical stock prices
Current Share Price	₩12,600.00
52 Week High	₩22,600.00
52 Week Low	₩9,930.00
Beta	1.3
1 Month Change	-14.58%
3 Month Change	-12.20%
1 Year Change	26.51%
3 Year Change	261.03%
5 Year Change	260.00%
Change since IPO	1,287.25%

Shareholder Returns

	A065350	KR Electrical	KR Market
7D	0%	0.4%	0.006%
1Y	26.5%	31.3%	-15.8%

Return vs Industry: A065350 underperformed the KR Electrical industry which returned 31.3% over the past year.

Return vs Market: A065350 exceeded the KR Market which returned -15.8% over the past year.

Price Volatility

Is A065350's price volatile compared to industry and market?
A065350 volatility
A065350 Average Weekly Movement	5.7%
Electrical Industry Average Movement	6.1%
Market Average Movement	5.5%
10% most volatile stocks in KR Market	10.3%
10% least volatile stocks in KR Market	3.2%

Stable Share Price: A065350 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A065350's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	303	Ja-Cheon Koo	https://www.ssdelta.co.kr

Shinsung Delta Tech Co.,Ltd. produces and sells various home appliance, automotive, IT, and B2C products in South Korea and internationally. It manufactures drum washing machine, washing machine, air conditioner, mobile phone, LCD, automobile, secondary battery, and refrigerator parts; and infant electric vehicles, electric wheels, and electric bicycles.

Shinsung Delta TechLtd Fundamentals Summary

How do Shinsung Delta TechLtd's earnings and revenue compare to its market cap?
A065350 fundamental statistics
Market Cap	₩338.65b
Earnings (TTM)	₩24.51b
Revenue (TTM)	₩737.49b

13.9x

P/E Ratio

0.5x

P/S Ratio

Is A065350 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A065350 income statement (TTM)
Revenue	₩737.49b
Cost of Revenue	₩646.44b
Gross Profit	₩91.05b
Other Expenses	₩66.54b
Earnings	₩24.51b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	908.45
Gross Margin	12.35%
Net Profit Margin	3.32%
Debt/Equity Ratio	80.3%

How did A065350 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is Shinsung Delta TechLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: A065350 (₩12600) is trading below our estimate of fair value (₩50065.65)

Significantly Below Fair Value: A065350 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: A065350 is good value based on its PE Ratio (13.9x) compared to the KR Electrical industry average (17.1x).

PE vs Market: A065350 is good value based on its PE Ratio (13.9x) compared to the KR market (14.3x).

Price to Earnings Growth Ratio

PEG Ratio: A065350 is good value based on its PEG Ratio (0.4x)

Price to Book Ratio

PB vs Industry: A065350 is overvalued based on its PB Ratio (2.3x) compared to the KR Electrical industry average (1.6x).

Future Growth

How is Shinsung Delta TechLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

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

32.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A065350's forecast earnings growth (32.3% per year) is above the savings rate (3.5%).

Earnings vs Market: A065350's earnings (32.3% per year) are forecast to grow faster than the KR market (15.2% per year).

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

Revenue vs Market: A065350's revenue (11.9% per year) is forecast to grow faster than the KR market (9.6% per year).

High Growth Revenue: A065350's revenue (11.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A065350's Return on Equity is forecast to be high in 3 years time (20.8%)

Past Performance

How has Shinsung Delta TechLtd 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

26.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A065350 has high quality earnings.

Growing Profit Margin: A065350's current net profit margins (3.3%) are higher than last year (1.8%).

Past Earnings Growth Analysis

Earnings Trend: A065350's earnings have grown significantly by 26.6% per year over the past 5 years.

Accelerating Growth: A065350's earnings growth over the past year (174.8%) exceeds its 5-year average (26.6% per year).

Earnings vs Industry: A065350 earnings growth over the past year (174.8%) exceeded the Electrical industry 56.7%.

Return on Equity

High ROE: A065350's Return on Equity (16.7%) is considered low.

Financial Health

How is Shinsung Delta TechLtd's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

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

Financial Position Analysis

Short Term Liabilities: A065350's short term assets (₩274.0B) do not cover its short term liabilities (₩284.3B).

Long Term Liabilities: A065350's short term assets (₩274.0B) exceed its long term liabilities (₩37.4B).

Debt to Equity History and Analysis

Debt Level: A065350's net debt to equity ratio (60.3%) is considered high.

Reducing Debt: A065350's debt to equity ratio has reduced from 147.3% to 80.3% over the past 5 years.

Debt Coverage: A065350's debt is not well covered by operating cash flow (10.8%).

Interest Coverage: A065350's interest payments on its debt are well covered by EBIT (9.3x coverage).

Balance Sheet

Dividend

What is Shinsung Delta TechLtd 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

0.95%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A065350's dividend (0.95%) is higher than the bottom 25% of dividend payers in the KR market (0.84%).

High Dividend: A065350's dividend (0.95%) is low compared to the top 25% of dividend payers in the KR market (2.73%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, A065350 has been paying a dividend for less than 10 years.

Growing Dividend: A065350's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.2%), A065350's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: A065350 is paying a dividend but the company has no free cash flows.

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

CEO

Ja-Cheon Koo (68 yo)

34.5yrs

Tenure

Ja-Cheon Koo has been the Chief Executive Officer of Shinsung Delta Tech Co., Ltd. since November 1987. Since August 1982, Ja-Cheon Koo served as the Chief Executive Officer of Shinhung Co., Ltd.Since Aug...

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	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31