Seoul Broadcasting System (KOSE:A034120) - Share price, News & Analysis

A034120 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	3/6

A034120 Stock Overview

Seoul Broadcasting System engages in the broadcasting, cultural service, and advertising businesses in South Korea and internationally.

Rewards

Trading at 72.4% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 0.4% per year for the next 3 years

Unstable dividend track record

Seoul Broadcasting System Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Seoul Broadcasting System
Historical stock prices
Current Share Price	₩49,000.00
52 Week High	₩61,500.00
52 Week Low	₩37,900.00
Beta	1.24
1 Month Change	-0.61%
3 Month Change	12.39%
1 Year Change	20.69%
3 Year Change	114.44%
5 Year Change	83.87%
Change since IPO	24.05%

Shareholder Returns

	A034120	KR Media	KR Market
7D	-5.2%	2.2%	3.2%
1Y	20.7%	-12.3%	-14.6%

Return vs Industry: A034120 exceeded the KR Media industry which returned -12.3% over the past year.

Return vs Market: A034120 exceeded the KR Market which returned -14.6% over the past year.

Price Volatility

Is A034120's price volatile compared to industry and market?
A034120 volatility
A034120 Average Weekly Movement	5.0%
Media Industry Average Movement	5.0%
Market Average Movement	5.6%
10% most volatile stocks in KR Market	10.4%
10% least volatile stocks in KR Market	3.2%

Stable Share Price: A034120 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: A034120's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	939	Jung-Hoon Park	https://www.sbs.co.kr

Seoul Broadcasting System engages in the broadcasting, cultural service, and advertising businesses in South Korea and internationally. It provides terrestrial TV and radio broadcasting services based on broadcasting law. The company sells TV program contents to cable PP, satellite broadcasting, Internet and IP TV, and other customers.

Seoul Broadcasting System Fundamentals Summary

How do Seoul Broadcasting System's earnings and revenue compare to its market cap?
A034120 fundamental statistics
Market Cap	₩866.81b
Earnings (TTM)	₩136.08b
Revenue (TTM)	₩1.08t

6.4x

P/E Ratio

0.8x

P/S Ratio

Is A034120 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A034120 income statement (TTM)
Revenue	₩1.08t
Cost of Revenue	₩703.70b
Gross Profit	₩375.27b
Other Expenses	₩239.19b
Earnings	₩136.08b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	7.69k
Gross Margin	34.78%
Net Profit Margin	12.61%
Debt/Equity Ratio	39.0%

How did A034120 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is Seoul Broadcasting System 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: A034120 (₩49000) is trading below our estimate of fair value (₩177284.59)

Significantly Below Fair Value: A034120 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: A034120 is good value based on its PE Ratio (6.4x) compared to the KR Media industry average (17.1x).

PE vs Market: A034120 is good value based on its PE Ratio (6.4x) compared to the KR market (14.4x).

Price to Earnings Growth Ratio

PEG Ratio: A034120's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: A034120 is good value based on its PB Ratio (1.3x) compared to the KR Media industry average (1.4x).

Future Growth

How is Seoul Broadcasting System forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

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

-0.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A034120's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: A034120's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: A034120's earnings are forecast to decline over the next 3 years.

Revenue vs Market: A034120's revenue (3% per year) is forecast to grow slower than the KR market (9.6% per year).

High Growth Revenue: A034120's revenue (3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A034120's Return on Equity is forecast to be low in 3 years time (15.9%).

Past Performance

How has Seoul Broadcasting System 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

28.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A034120 has high quality earnings.

Growing Profit Margin: A034120 became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: A034120 has become profitable over the past 5 years, growing earnings by 28.6% per year.

Accelerating Growth: A034120 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: A034120 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (41.6%).

Return on Equity

High ROE: A034120's Return on Equity (20.1%) is considered high.

Financial Health

How is Seoul Broadcasting System's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

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

Financial Position Analysis

Short Term Liabilities: A034120's short term assets (₩912.7B) exceed its short term liabilities (₩515.5B).

Long Term Liabilities: A034120's short term assets (₩912.7B) exceed its long term liabilities (₩225.1B).

Debt to Equity History and Analysis

Debt Level: A034120 has more cash than its total debt.

Reducing Debt: A034120's debt to equity ratio has increased from 35% to 39% over the past 5 years.

Debt Coverage: A034120's debt is well covered by operating cash flow (49.7%).

Interest Coverage: A034120 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Seoul Broadcasting System 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

2.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A034120's dividend (2.04%) is higher than the bottom 25% of dividend payers in the KR market (0.84%).

High Dividend: A034120's dividend (2.04%) is low compared to the top 25% of dividend payers in the KR market (2.75%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, A034120 has been paying a dividend for less than 10 years.

Growing Dividend: A034120's dividend payments have increased, but the company has only paid a dividend for 2 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13%), A034120's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.3%), A034120's dividend payments are thoroughly covered by cash flows.

Discover strong dividend paying companies

Management

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

CEO

Jung-Hoon Park (60 yo)

no data

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	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31