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Changhae EthanolKOSDAQ:A004650 Stock Report

Market Cap

₩102.8b

7D

-1.8%

1Y

-1.1%

Updated

27 Nov, 2021

Data

Company Financials
A004650 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

A004650 Stock Overview

Changhae Ethanol Co., Ltd. produces and sells pure wine spirits from sugar cane, tapioca, rice, and barley crops in South Korea.

Price History & Performance

Summary of all time highs, changes and price drops for Changhae Ethanol
Historical stock prices
Current Share Price₩13,550.00
52 Week High₩15,900.00
52 Week Low₩12,450.00
Beta0.18
1 Month Change-3.90%
3 Month Change2.26%
1 Year Change-1.10%
3 Year Change3.04%
5 Year Change-31.22%
Change since IPO-7.19%

Recent News & Updates

May 01
Should Changhae Ethanol Co., Ltd. (KOSDAQ:004650) Be Part Of Your Dividend Portfolio?

Should Changhae Ethanol Co., Ltd. (KOSDAQ:004650) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Changhae Ethanol Co., Ltd. ( KOSDAQ:004650 ) from a dividend investor's perspective...

Mar 20
Is Now The Time To Put Changhae Ethanol (KOSDAQ:004650) On Your Watchlist?

Is Now The Time To Put Changhae Ethanol (KOSDAQ:004650) On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Mar 02
Does Changhae Ethanol's (KOSDAQ:004650) Returns On Capital Reflect Well On The Business?

Does Changhae Ethanol's (KOSDAQ:004650) Returns On Capital Reflect Well On The Business?

What financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...

Feb 10
These 4 Measures Indicate That Changhae Ethanol (KOSDAQ:004650) Is Using Debt Extensively

These 4 Measures Indicate That Changhae Ethanol (KOSDAQ:004650) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Jan 23
Shareholders Are Loving Changhae Ethanol Co., Ltd.'s (KOSDAQ:004650) 4.6% Yield

Shareholders Are Loving Changhae Ethanol Co., Ltd.'s (KOSDAQ:004650) 4.6% Yield

Is Changhae Ethanol Co., Ltd. ( KOSDAQ:004650 ) a good dividend stock? How can we tell? Dividend paying companies with...

Shareholder Returns

A004650KR ChemicalsKR Market
7D-1.8%-3.1%-1.5%
1Y-1.1%6.2%9.7%

Return vs Industry: A004650 underperformed the KR Chemicals industry which returned 6.2% over the past year.

Return vs Market: A004650 underperformed the KR Market which returned 9.7% over the past year.

Price Volatility

Is A004650's price volatile compared to industry and market?
A004650 volatility
A004650 Average Weekly Movement3.2%
Chemicals Industry Average Movement6.0%
Market Average Movement5.9%
10% most volatile stocks in KR Market11.4%
10% least volatile stocks in KR Market3.3%

Stable Share Price: A004650 is less volatile than 75% of KR stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: A004650's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a52Sang-Guk Seohttps://www.chethanol.com

Changhae Ethanol Co., Ltd. produces and sells pure wine spirits from sugar cane, tapioca, rice, and barley crops in South Korea. It offers ethanol for use in potable alcohol, and industrial and fuel-grade ethanol applications. The company was formerly known as Bohae Industrial Ltd.

Changhae Ethanol Fundamentals Summary

How do Changhae Ethanol's earnings and revenue compare to its market cap?
A004650 fundamental statistics
Market Cap₩102.81b
Earnings (TTM)₩14.04b
Revenue (TTM)₩103.62b

7.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A004650 income statement (TTM)
Revenue₩103.62b
Cost of Revenue₩73.77b
Gross Profit₩29.84b
Expenses₩15.81b
Earnings₩14.04b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.85k
Gross Margin28.80%
Net Profit Margin13.55%
Debt/Equity Ratio34.3%

How did A004650 perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

32%

Payout Ratio

Does A004650 pay a reliable dividends?

See A004650 dividend history and benchmarks
When do you need to buy A004650 by to receive an upcoming dividend?
Changhae Ethanol dividend dates
Ex Dividend DateDec 29 2021
Dividend Pay DateApr 20 2022
Days until Ex dividend31 days
Days until Dividend pay date143 days

Does A004650 pay a reliable dividends?

See A004650 dividend history and benchmarks

Valuation

Is Changhae Ethanol undervalued compared to its fair value and its price relative to the market?

45.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A004650 (₩13550) is trading below our estimate of fair value (₩24932.84)

Significantly Below Fair Value: A004650 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A004650 is good value based on its PE Ratio (7.3x) compared to the KR Chemicals industry average (17x).

PE vs Market: A004650 is good value based on its PE Ratio (7.3x) compared to the KR market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A004650's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A004650 is good value based on its PB Ratio (0.8x) compared to the KR Chemicals industry average (1.3x).


Future Growth

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

4.8%

Forecasted Materials 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 Changhae Ethanol 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 Changhae Ethanol performed over the past 5 years?

36.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A004650 has high quality earnings.

Growing Profit Margin: A004650's current net profit margins (13.5%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: A004650's earnings have grown significantly by 36.5% per year over the past 5 years.

Accelerating Growth: A004650's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A004650 had negative earnings growth (-22%) over the past year, making it difficult to compare to the Chemicals industry average (30.4%).


Return on Equity

High ROE: A004650's Return on Equity (10.5%) is considered low.


Financial Health

How is Changhae Ethanol's financial position?


Financial Position Analysis

Short Term Liabilities: A004650's short term assets (₩53.5B) do not cover its short term liabilities (₩53.6B).

Long Term Liabilities: A004650's short term assets (₩53.5B) exceed its long term liabilities (₩4.2B).


Debt to Equity History and Analysis

Debt Level: A004650's net debt to equity ratio (29.7%) is considered satisfactory.

Reducing Debt: A004650's debt to equity ratio has reduced from 54% to 34.3% over the past 5 years.

Debt Coverage: A004650's debt is well covered by operating cash flow (31.3%).

Interest Coverage: A004650's interest payments on its debt are well covered by EBIT (19.5x coverage).


Balance Sheet


Dividend

What is Changhae Ethanol current dividend yield, its reliability and sustainability?

4.43%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateDec 29 2021Dividend Pay DateApr 20 2022112 days from Ex DividendBuy in the next 31 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: A004650's dividend (4.43%) is higher than the bottom 25% of dividend payers in the KR market (0.78%).

High Dividend: A004650's dividend (4.43%) is in the top 25% of dividend payers in the KR market (2.44%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, A004650 has been paying a dividend for less than 10 years.

Growing Dividend: A004650's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), A004650's dividend payments are well 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?


CEO

Sang-Guk Seo (67 yo)

no data

Tenure

Mr. Sang-Guk Seo served as the Chief Executive Officer and President of Changhae Ethanol Co., Ltd.


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

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


Key Information

  • Name: Changhae Ethanol Co., Ltd.
  • Ticker: A004650
  • Exchange: KOSDAQ
  • Founded: NaN
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₩102.809b
  • Shares outstanding: 7.59m
  • Website: https://www.chethanol.com

Number of Employees


Location

  • Changhae Ethanol Co., Ltd.
  • 15, Wonmanseong-ro
  • Deokjin-gu
  • Jeonju
  • Jeollabuk-do
  • 54854
  • South Korea

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 08:35
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
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.