CS Wind (KOSE:A112610) - Share price, News & Analysis

A112610 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

A112610 Stock Overview

CS Wind Corporation manufactures and sells wind towers in the Vietnam, China, Canada, the United Kingdom, Turkey, Taiwan, Malaysia, Australia, and internationally.

Rewards

Trading at 53.3% below our estimate of its fair value

Earnings are forecast to grow 28.79% per year

Earnings grew by 114.5% over the past year

Risk Analysis

High level of non-cash earnings

Dividend of 1.19% is not well covered by earnings

CS Wind Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CS Wind
Historical stock prices
Current Share Price	₩50,500.00
52 Week High	₩90,500.00
52 Week Low	₩45,500.00
Beta	2.11
1 Month Change	-19.59%
3 Month Change	-7.00%
1 Year Change	-32.67%
3 Year Change	162.34%
5 Year Change	326.16%
Change since IPO	203.30%

Shareholder Returns

	A112610	KR Electrical	KR Market
7D	4.1%	5.5%	1.2%
1Y	-32.7%	29.6%	-14.3%

Return vs Industry: A112610 underperformed the KR Electrical industry which returned 29.6% over the past year.

Return vs Market: A112610 underperformed the KR Market which returned -14.3% over the past year.

Price Volatility

Is A112610's price volatile compared to industry and market?
A112610 volatility
A112610 Average Weekly Movement	6.0%
Electrical Industry Average Movement	6.2%
Market Average Movement	5.4%
10% most volatile stocks in KR Market	10.2%
10% least volatile stocks in KR Market	3.1%

Stable Share Price: A112610 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A112610's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	88	Sung-Sup Kim	https://www.cswind.com

CS Wind Corporation manufactures and sells wind towers in the Vietnam, China, Canada, the United Kingdom, Turkey, Taiwan, Malaysia, Australia, and internationally. The company offers onshore and offshore wind towers; transition pieces for offshore windfarms; and tower internals, such as cables, platforms, ladders, brackets, etc. It also provides plant equipment, including rectifiers/after washers, FLSH hoppers, cold separators, propylene fractionators, H2S removal columns, strippers, LPG splitters and amine absorbers, naphtha absorbers, rich amine surge drums, and hot separator drums. In addition, it offers aluminum/steel platforms, door frames, shipping fixtures, pipes for oil and gas, transportation tools, steel parts, pressure vessels, reactors, heat exchangers, column/tower, storage tanks, and boilers.

CS Wind Fundamentals Summary

How do CS Wind's earnings and revenue compare to its market cap?
A112610 fundamental statistics
Market Cap	₩2.16t
Earnings (TTM)	₩66.21b
Revenue (TTM)	₩1.20t

32.2x

P/E Ratio

1.8x

P/S Ratio

Is A112610 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A112610 income statement (TTM)
Revenue	₩1.20t
Cost of Revenue	₩1.03t
Gross Profit	₩169.46b
Other Expenses	₩103.25b
Earnings	₩66.21b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.57k
Gross Margin	14.08%
Net Profit Margin	5.50%
Debt/Equity Ratio	43.6%

How did A112610 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is CS Wind undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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: A112610 (₩50500) is trading below our estimate of fair value (₩108036.85)

Significantly Below Fair Value: A112610 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: A112610 is poor value based on its Price-To-Earnings Ratio (32.2x) compared to the KR Electrical industry average (18x).

PE vs Market: A112610 is poor value based on its Price-To-Earnings Ratio (32.2x) compared to the KR market (14.1x).

Price to Earnings Growth Ratio

PEG Ratio: A112610 is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: A112610 is overvalued based on its Price-To-Book Ratio (2.4x) compared to the KR Electrical industry average (1.8x).

Future Growth

How is CS Wind forecast to perform in the next 1 to 3 years based on estimates from 5 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

28.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A112610's forecast earnings growth (28.8% per year) is above the savings rate (3.5%).

Earnings vs Market: A112610's earnings (28.8% per year) are forecast to grow faster than the KR market (14.6% per year).

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

Revenue vs Market: A112610's revenue (20.3% per year) is forecast to grow faster than the KR market (9.6% per year).

High Growth Revenue: A112610's revenue (20.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A112610's Return on Equity is forecast to be low in 3 years time (14.8%).

Past Performance

How has CS Wind 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

43.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A112610 has a high level of non-cash earnings.

Growing Profit Margin: A112610's current net profit margins (5.5%) are higher than last year (3.2%).

Past Earnings Growth Analysis

Earnings Trend: A112610 has become profitable over the past 5 years, growing earnings by 43.6% per year.

Accelerating Growth: A112610's earnings growth over the past year (114.5%) exceeds its 5-year average (43.6% per year).

Earnings vs Industry: A112610 earnings growth over the past year (114.5%) exceeded the Electrical industry 68.3%.

Return on Equity

High ROE: A112610's Return on Equity (6.8%) is considered low.

Financial Health

How is CS Wind'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: A112610's short term assets (₩1,072.9B) exceed its short term liabilities (₩572.7B).

Long Term Liabilities: A112610's short term assets (₩1,072.9B) exceed its long term liabilities (₩254.4B).

Debt to Equity History and Analysis

Debt Level: A112610's net debt to equity ratio (14.3%) is considered satisfactory.

Reducing Debt: A112610's debt to equity ratio has increased from 4.6% to 43.6% over the past 5 years.

Debt Coverage: A112610's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: A112610's interest payments on its debt are well covered by EBIT (14x coverage).

Balance Sheet

Dividend

What is CS Wind 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

1.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A112610's dividend (1.19%) is higher than the bottom 25% of dividend payers in the KR market (0.84%).

High Dividend: A112610's dividend (1.19%) is low compared to the top 25% of dividend payers in the KR market (2.75%).

Stability and Growth of Payments

Stable Dividend: A112610 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A112610's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.6%), A112610's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: A112610 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

7.2yrs

Average management tenure

CEO

Sung-Sup Kim (66 yo)

no data

Tenure

Mr. Sung-Sup Kim serves as the Chief Executive Officer at CS Wind Corporation.

Leadership Team

Experienced Management: A112610's management team is seasoned and experienced (7.2 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31