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A021

COWAY KOSE:A021240 Stock Report

Last Price

₩55.40k

Market Cap

₩4.0t

7D

-1.8%

1Y

-27.1%

Updated

24 Sep, 2022

Data

Company Financials +
A021240 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends2/6

A021240 Stock Overview

Coway Co., Ltd. operates in the home wellness appliances industry in South Korea, the United States, Malaysia, China, Thailand, Indonesia, and Vietnam.

COWAY Competitors

Price History & Performance

Summary of all time highs, changes and price drops for COWAY
Historical stock prices
Current Share Price₩55,400.00
52 Week High₩84,700.00
52 Week Low₩55,100.00
Beta0.86
1 Month Change-13.17%
3 Month Change-12.76%
1 Year Change-27.11%
3 Year Change-33.81%
5 Year Change-41.06%
Change since IPO2,329.83%

Recent News & Updates

Apr 15
Does This Valuation Of COWAY Co., Ltd. (KRX:021240) Imply Investors Are Overpaying?

Does This Valuation Of COWAY Co., Ltd. (KRX:021240) Imply Investors Are Overpaying?

How far off is COWAY Co., Ltd. ( KRX:021240 ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

A021240KR Consumer DurablesKR Market
7D-1.8%-5.1%-4.1%
1Y-27.1%-36.6%-27.4%

Return vs Industry: A021240 exceeded the KR Consumer Durables industry which returned -36.6% over the past year.

Return vs Market: A021240 matched the KR Market which returned -27.4% over the past year.

Price Volatility

Is A021240's price volatile compared to industry and market?
A021240 volatility
A021240 Average Weekly Movement3.1%
Consumer Durables Industry Average Movement4.6%
Market Average Movement5.6%
10% most volatile stocks in KR Market10.5%
10% least volatile stocks in KR Market3.3%

Stable Share Price: A021240 is less volatile than 75% of KR stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: A021240's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19896,376Hae-Sun Leehttps://www.coway.com

Coway Co., Ltd. operates in the home wellness appliances industry in South Korea, the United States, Malaysia, China, Thailand, Indonesia, and Vietnam. It provides air purifiers, water purifiers, bidets, juicers, water softeners, and other home wellness appliances; and Internet of Things products and services to care for people's lives in a fundamental manner. The company is also involved in the provision of mattress rental and air conditioner disinfection cleaning services; and automatic matching services.

COWAY Fundamentals Summary

How do COWAY's earnings and revenue compare to its market cap?
A021240 fundamental statistics
Market Cap₩4.02t
Earnings (TTM)₩491.65b
Revenue (TTM)₩3.79t

8.2x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A021240 income statement (TTM)
Revenue₩3.79t
Cost of Revenue₩1.35t
Gross Profit₩2.44t
Other Expenses₩1.94t
Earnings₩491.65b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.78k
Gross Margin64.33%
Net Profit Margin12.99%
Debt/Equity Ratio58.5%

How did A021240 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A021240 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 A021240?

Other financial metrics that can be useful for relative valuation.

A021240 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/Revenue1.3x
Enterprise Value/EBITDA4.3x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does A021240's PE Ratio compare to its peers?

A021240 PE Ratio vs Peers
The above table shows the PE ratio for A021240 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x
A192400 Cuckoo Holdings
4.1xn/a₩522.1b
A037070 Paseco
19.4xn/a₩260.2b
A270660 EVERYBOT
20.9x18.4%₩226.1b
11.1xn/a₩163.6b
8.2x6.4%₩4.0t

Price-To-Earnings vs Peers: A021240 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does A021240's PE Ratio compare vs other companies in the KR Consumer Durables Industry?

Price-To-Earnings vs Industry: A021240 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the KR Consumer Durables industry average (10.4x)


Price to Earnings Ratio vs Fair Ratio

What is A021240'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.

A021240 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: A021240 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).


Share Price vs Fair Value

What is the Fair Price of A021240 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A021240 (₩55400) is trading below our estimate of fair value (₩124457.73)

Significantly Below Fair Value: A021240 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is COWAY forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A021240's forecast earnings growth (6.4% per year) is above the savings rate (3.6%).

Earnings vs Market: A021240's earnings (6.4% per year) are forecast to grow slower than the KR market (17.7% per year).

High Growth Earnings: A021240's earnings are forecast to grow, but not significantly.

Revenue vs Market: A021240's revenue (8% per year) is forecast to grow slower than the KR market (9.9% per year).

High Growth Revenue: A021240's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A021240's Return on Equity is forecast to be high in 3 years time (20.7%)


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Past Performance

How has COWAY 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


8.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A021240 has a high level of non-cash earnings.

Growing Profit Margin: A021240's current net profit margins (13%) are higher than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: A021240's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: A021240's earnings growth over the past year (15.4%) exceeds its 5-year average (8% per year).

Earnings vs Industry: A021240 earnings growth over the past year (15.4%) underperformed the Consumer Durables industry 20.7%.


Return on Equity

High ROE: A021240's Return on Equity (23.5%) is considered high.


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Financial Health

How is COWAY'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: A021240's short term assets (₩1,449.1B) exceed its short term liabilities (₩1,349.0B).

Long Term Liabilities: A021240's short term assets (₩1,449.1B) exceed its long term liabilities (₩909.5B).


Debt to Equity History and Analysis

Debt Level: A021240's net debt to equity ratio (44.7%) is considered high.

Reducing Debt: A021240's debt to equity ratio has reduced from 62.9% to 58.5% over the past 5 years.

Debt Coverage: A021240's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: A021240's interest payments on its debt are well covered by EBIT (32.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.26%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A021240's dividend (2.26%) is higher than the bottom 25% of dividend payers in the KR market (1.02%).

High Dividend: A021240's dividend (2.26%) is low compared to the top 25% of dividend payers in the KR market (3.26%).


Stability and Growth of Payments

Stable Dividend: A021240 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A021240 has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.4%), A021240's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: A021240 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?

2.6yrs

Average board tenure


CEO

Hae-Sun Lee (67 yo)

2.67yrs

Tenure

Mr. Hae-Sun Lee serves as Chief Executive Officer at COWAY Co., Ltd. since 2020 and serves as its Vice-Chairman since February 07, 2020. Mr. Lee had been the Chairman of Coway Co., Ltd., since October 31,...


Board Members

Experienced Board: A021240's board of directors are not considered experienced ( 2.6 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

Top 25 shareholders own 61.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.51%
Netmarble Corporation
18,511,446₩1.0t0%no data
7.6%
National Pension Service
5,511,519₩305.3b-0.65%0.16%
5.09%
BNPP Asset Management Holding
3,694,039₩204.6b0%0.29%
3.9%
BlackRock, Inc.
2,827,623₩156.7b0%no data
2.72%
The Vanguard Group, Inc.
1,975,681₩109.5b0.91%no data
1.96%
Fidelity International Ltd
1,420,278₩78.7b0%0.03%
1.94%
FMR LLC
1,407,001₩77.9b0.8%0.01%
1.57%
Amundi Asset Management
1,136,635₩63.0b0.25%0.01%
1.51%
Lazard Asset Management LLC
1,094,507₩60.6b-0.19%0.04%
1.45%
BNPP Asset Management France
1,055,712₩58.5b0%0.14%
1.26%
Boston Partners Global Investors, Inc.
915,690₩50.7b-0.35%0.03%
1.13%
Norges Bank Investment Management
821,850₩45.5b0%no data
0.96%
SEI Investments Company
694,854₩38.5b0.77%0.04%
0.82%
KBC Asset Management NV
593,230₩32.9b6.68%0.06%
0.77%
BLI - Banque De Luxembourg Investments S.A.
557,000₩30.9b7.74%0.26%
0.62%
Dimensional Fund Advisors LP
453,232₩25.1b6.27%no data
0.58%
Geode Capital Management, LLC
422,431₩23.4b1.11%no data
0.44%
Matthews International Capital Management, LLC
315,851₩17.5b25.81%0.08%
0.39%
Wellington Management Group LLP
284,398₩15.8b1.22%no data
0.33%
Allspring Global Investments, LLC
239,295₩13.3b0.27%0.01%
0.32%
Argenta Bank Luxembourg SA
233,861₩13.0b8.45%0.27%
0.32%
TOBAM
232,560₩12.9b-0.23%0.27%
0.29%
State Street Global Advisors, Inc.
212,136₩11.8b10.08%no data
0.26%
Northern Trust Global Investments
188,006₩10.4b-0.47%no data
0.25%
AP Fonden 2
178,695₩9.9b0%0.05%

Company Information

COWAY Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: COWAY Co., Ltd.
  • Ticker: A021240
  • Exchange: KOSE
  • Founded: 1989
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Implied Market Cap: ₩4.020t
  • Shares outstanding: 72.56m
  • Website: https://www.coway.com

Number of Employees


Location

  • COWAY Co., Ltd.
  • Joongangilbo Building
  • 88 Seosomun-ro
  • Seoul
  • 100-759
  • South Korea


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A021240KOSE (Korea Stock Exchange)YesCommon SharesKRKRWSep 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
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.