Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Korea Aerospace Industries

KOSE:A047810
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A047810
KOSE
₩1,979B
Market Cap
  1. Home
  2. KR
  3. Capital Goods
Company description

Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe components in South Korea. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Korea Aerospace Industries has significant price volatility in the past 3 months.
A047810 Share Price and Events
7 Day Returns
-2.9%
KOSE:A047810
2%
KR Aerospace & Defense
1.9%
KR Market
1 Year Returns
-44.8%
KOSE:A047810
-44.8%
KR Aerospace & Defense
-21.8%
KR Market
A047810 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Korea Aerospace Industries (A047810) -2.9% -23.8% -40.2% -44.8% -65% -64.2%
KR Aerospace & Defense 2% -22.8% -38.6% -44.8% -64.1% -55.7%
KR Market 1.9% -14.7% -19.6% -21.8% -19.8% -22%
1 Year Return vs Industry and Market
  • A047810 matched the Aerospace & Defense industry (-44.8%) over the past year.
  • A047810 underperformed the Market in Korea (Republic of) which returned -21.8% over the past year.
Price Volatility
A047810
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Korea Aerospace Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Korea Aerospace Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Korea Aerospace Industries.

KOSE:A047810 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year KR Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KOSE:A047810
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KR Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 6.1%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.821 (1 + (1- 30%) (36.5%))
1.021
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.021 * 6.07%)
9.62%

Discounted Cash Flow Calculation for KOSE:A047810 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Korea Aerospace Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

KOSE:A047810 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KRW, Millions) Source Present Value
Discounted (@ 9.62%)
2020 82,442.86 Analyst x7 75,204.64
2021 71,785.71 Analyst x7 59,733.96
2022 175,000.00 Analyst x1 132,835.12
2023 214,617.96 Est @ 22.64% 148,604.71
2024 250,837.29 Est @ 16.88% 158,434.67
2025 283,050.64 Est @ 12.84% 163,084.95
2026 311,408.44 Est @ 10.02% 163,671.00
2027 336,452.04 Est @ 8.04% 161,308.09
2028 358,854.46 Est @ 6.66% 156,943.36
2029 379,272.92 Est @ 5.69% 151,310.15
Present value of next 10 years cash flows ₩1,371,130.00
KOSE:A047810 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₩379,272.92 × (1 + 3.43%) ÷ (9.62% – 3.43%)
₩6,332,552.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₩6,332,552.53 ÷ (1 + 9.62%)10
₩2,526,358.79
KOSE:A047810 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₩1,371,130.00 + ₩2,526,358.79
₩3,897,488.79
Equity Value per Share
(KRW)
= Total value / Shares Outstanding
= ₩3,897,488.79 / 97.48
₩39984.45
KOSE:A047810 Discount to Share Price
Calculation Result
Value per share (KRW) From above. ₩39,984.45
Current discount Discount to share price of ₩20,300.00
= -1 x (₩20,300.00 - ₩39,984.45) / ₩39,984.45
49.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Korea Aerospace Industries is available for.
Intrinsic value
49%
Share price is ₩20300 vs Future cash flow value of ₩39984.45
Current Discount Checks
For Korea Aerospace Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Korea Aerospace Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Korea Aerospace Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Korea Aerospace Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Korea Aerospace Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KOSE:A047810 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KRW ₩1,748.00
KOSE:A047810 Share Price ** KOSE (2020-04-03) in KRW ₩20300
Korea (Republic of) Aerospace & Defense Industry PE Ratio Median Figure of 9 Publicly-Listed Aerospace & Defense Companies 15.54x
Korea (Republic of) Market PE Ratio Median Figure of 1,311 Publicly-Listed Companies 12.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Korea Aerospace Industries.

KOSE:A047810 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A047810 Share Price ÷ EPS (both in KRW)

= 20300 ÷ 1,748.00

11.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korea Aerospace Industries is good value based on earnings compared to the KR Aerospace & Defense industry average.
  • Korea Aerospace Industries is good value based on earnings compared to the Korea (Republic of) market.
Price based on expected Growth
Does Korea Aerospace Industries's expected growth come at a high price?
Raw Data
KOSE:A047810 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
7.9%per year
Korea (Republic of) Aerospace & Defense Industry PEG Ratio Median Figure of 5 Publicly-Listed Aerospace & Defense Companies 1.2x
Korea (Republic of) Market PEG Ratio Median Figure of 356 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

KOSE:A047810 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.61x ÷ 7.9%

1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korea Aerospace Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Korea Aerospace Industries's assets?
Raw Data
KOSE:A047810 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KRW ₩11,709.84
KOSE:A047810 Share Price * KOSE (2020-04-03) in KRW ₩20300
Korea (Republic of) Aerospace & Defense Industry PB Ratio Median Figure of 12 Publicly-Listed Aerospace & Defense Companies 0.77x
Korea (Republic of) Market PB Ratio Median Figure of 1,954 Publicly-Listed Companies 0.84x
KOSE:A047810 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A047810 Share Price ÷ Book Value per Share (both in KRW)

= 20300 ÷ 11,709.84

1.73x

* Primary Listing of Korea Aerospace Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korea Aerospace Industries is overvalued based on assets compared to the KR Aerospace & Defense industry average.
X
Value checks
We assess Korea Aerospace Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Korea Aerospace Industries has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Korea Aerospace Industries expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Korea Aerospace Industries expected to grow at an attractive rate?
  • Korea Aerospace Industries's earnings growth is expected to exceed the low risk savings rate of 3.4%.
Growth vs Market Checks
  • Korea Aerospace Industries's earnings growth is positive but not above the Korea (Republic of) market average.
  • Korea Aerospace Industries's revenue growth is positive but not above the Korea (Republic of) market average.
Annual Growth Rates Comparison
Raw Data
KOSE:A047810 Future Growth Rates Data Sources
Data Point Source Value (per year)
KOSE:A047810 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 7.9%
KOSE:A047810 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5.9%
Korea (Republic of) Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Korea (Republic of) Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Korea (Republic of) Market Earnings Growth Rate Market Cap Weighted Average 27.8%
Korea (Republic of) Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KOSE:A047810 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KOSE:A047810 Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,009,000 276,000 1
2022-12-31 3,703,896 380,000 204,280 3
2021-12-31 3,465,849 287,483 180,094 9
2020-12-31 3,184,306 228,950 157,271 9
2020-04-04
KOSE:A047810 Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-12-31 3,110,158 354,539 170,403
2019-09-30 2,870,642 211,418 222,742
2019-06-30 2,742,012 379,658 134,579
2019-03-31 2,775,745 557,133 68,627
2018-12-31 2,786,024 137,663 57,188
2018-09-30 2,381,950 459,557 -102,680
2018-06-30 2,420,111 331,737 -133,023
2018-03-31 2,126,168 359,843 -175,506
2017-12-31 2,072,249 104,642 -235,186
2017-09-30 2,339,458 125,018 -45,723
2017-06-30 2,668,335 -99,098 79,611
2017-03-31 2,845,422 -285,379 168,679

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Korea Aerospace Industries's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Korea Aerospace Industries's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KOSE:A047810 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Korea Aerospace Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A047810 Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2,095.22 2,475.00 1,475.65 3.00
2021-12-31 1,847.40 2,163.00 1,345.00 9.00
2020-12-31 1,613.79 1,871.97 1,344.00 8.00
2020-04-04
KOSE:A047810 Past Financials Data
Date (Data in KRW Millions) EPS *
2019-12-31 1,748.00
2019-09-30 2,285.11
2019-06-30 1,380.65
2019-03-31 704.05
2018-12-31 587.00
2018-09-30 -1,053.66
2018-06-30 -1,364.84
2018-03-31 -1,801.02
2017-12-31 -2,413.00
2017-09-30 -469.14
2017-06-30 816.81
2017-03-31 1,730.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Korea Aerospace Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Korea Aerospace Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Korea (Republic of) market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Korea (Republic of) market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Korea Aerospace Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Korea Aerospace Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Korea Aerospace Industries's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Korea Aerospace Industries's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Korea Aerospace Industries's 1-year earnings growth exceeds its 5-year average (198% vs -23.3%)
  • Korea Aerospace Industries's earnings growth has exceeded the KR Aerospace & Defense industry average in the past year (198% vs 93.5%).
Earnings and Revenue History
Korea Aerospace Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Korea Aerospace Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A047810 Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,110,157.57 170,402.86 112,165.55 49,859.25
2019-09-30 2,870,641.77 222,741.57 97,273.51 58,668.50
2019-06-30 2,742,012.46 134,578.94 101,972.30 52,924.39
2019-03-31 2,775,745.30 68,626.96 98,401.13 46,961.71
2018-12-31 2,786,023.51 57,188.12 100,324.36 42,012.69
2018-09-30 2,381,949.90 -102,679.91 54,590.21 30,931.21
2018-06-30 2,420,111.15 -133,022.63 66,858.10 38,455.22
2018-03-31 2,126,168.45 -175,506.35 76,103.38 53,498.96
2017-12-31 2,072,249.14 -235,185.85 86,540.43 54,179.12
2017-09-30 2,339,458.49 -45,723.21 126,436.97 55,833.09
2017-06-30 2,668,335.31 79,610.57 115,979.57 50,143.70
2017-03-31 2,845,422.24 168,678.76 109,916.26 32,821.78
2016-12-31 2,946,330.61 264,801.09 98,932.15 29,644.06
2016-09-30 3,251,958.07 308,499.06 110,032.20 23,619.21
2016-06-30 3,149,827.82 300,647.60 109,143.86 16,915.17
2016-03-31 3,106,627.01 283,749.57 107,091.26 15,408.12
2015-12-31 3,039,736.65 259,193.26 106,102.17 12,500.34
2015-09-30 2,713,778.21 190,840.72 106,833.03 9,472.50
2015-06-30 2,527,186.02 188,507.29 106,217.32 6,784.59
2015-03-31 2,446,695.64 158,289.50 108,506.05 6,524.64
2014-12-31 2,328,613.26 132,416.01 110,488.11 6,139.84
2014-09-30 2,283,195.47 43,902.08 109,120.86 5,763.88
2014-06-30 2,225,953.50 15,043.79 107,136.37 7,488.08
2014-03-31 2,084,342.49 7,199.49 96,222.84 10,349.79
2013-12-31 1,983,266.29 36,245.21 93,086.66 13,554.90
2013-09-30 1,804,837.80 67,639.67 86,466.38 17,003.73
2013-06-30 1,662,575.81 80,776.69 78,166.59 14,680.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Korea Aerospace Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Korea Aerospace Industries used its assets more efficiently than the KR Aerospace & Defense industry average last year based on Return on Assets.
  • Korea Aerospace Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Korea Aerospace Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Korea Aerospace Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Korea Aerospace Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Korea Aerospace Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Korea Aerospace Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Korea Aerospace Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Korea Aerospace Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Korea Aerospace Industries Company Filings, last reported 3 months ago.

KOSE:A047810 Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,183,160.66 718,810.11 193,009.82
2019-09-30 1,205,272.46 659,971.44 273,678.43
2019-06-30 1,168,633.03 458,533.81 188,154.46
2019-03-31 1,075,871.52 636,781.03 584,169.94
2018-12-31 1,052,906.09 721,334.95 247,133.18
2018-09-30 1,031,241.62 825,346.85 367,315.69
2018-06-30 1,037,403.64 723,904.29 156,581.15
2018-03-31 1,025,291.91 741,273.33 135,394.16
2017-12-31 1,140,405.16 899,773.94 233,355.69
2017-09-30 1,254,846.86 1,256,045.18 492,371.52
2017-06-30 1,336,184.44 750,365.00 27,036.44
2017-03-31 1,377,141.03 744,273.63 37,361.33
2016-12-31 1,445,575.60 544,685.50 69,669.17
2016-09-30 1,323,340.70 712,058.82 53,473.69
2016-06-30 1,276,926.97 572,326.39 159,494.62
2016-03-31 1,208,498.04 423,725.09 170,038.42
2015-12-31 1,214,449.87 450,914.82 28,110.47
2015-09-30 1,149,544.33 568,113.67 71,175.64
2015-06-30 1,113,374.70 420,309.91 96,068.69
2015-03-31 1,056,376.37 464,773.86 42,919.83
2014-12-31 1,000,700.39 364,506.65 34,587.41
2014-09-30 1,020,757.62 398,034.30 161,873.09
2014-06-30 987,012.00 207,164.00 141,155.00
2014-03-31 960,255.00 266,335.54 143,882.00
2013-12-31 904,225.38 277,143.94 190,573.84
2013-09-30 938,795.00 360,663.00 42,623.00
2013-06-30 934,050.00 380,189.00 282,831.00
  • Korea Aerospace Industries's level of debt (60.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.5% vs 60.8% today).
  • Debt is well covered by operating cash flow (49.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.3x coverage).
X
Financial health checks
We assess Korea Aerospace Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Korea Aerospace Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Korea Aerospace Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.99%
Current annual income from Korea Aerospace Industries dividends. Estimated to be 1.71% next year.
If you bought ₩2,000 of Korea Aerospace Industries shares you are expected to receive ₩20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Korea Aerospace Industries's pays a lower dividend yield than the bottom 25% of dividend payers in Korea (Republic of) (1.25%).
  • Korea Aerospace Industries's dividend is below the markets top 25% of dividend payers in Korea (Republic of) (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KOSE:A047810 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Korea (Republic of) Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.4%
Korea (Republic of) Market Average Dividend Yield Market Cap Weighted Average of 908 Stocks 2.9%
Korea (Republic of) Minimum Threshold Dividend Yield 10th Percentile 0.6%
Korea (Republic of) Bottom 25% Dividend Yield 25th Percentile 1.2%
Korea (Republic of) Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KOSE:A047810 Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 465.00 2.00
2021-12-31 393.20 10.00
2020-12-31 249.00 7.00
2020-04-04
KOSE:A047810 Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2019-11-14 200.000 0.694
2019-08-14 200.000 0.514

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Korea Aerospace Industries has stable dividend payments.
  • Korea Aerospace Industries only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Korea Aerospace Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Korea Aerospace Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Korea Aerospace Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Korea Aerospace Industries has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Korea Aerospace Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jo-Won Kim
AGE 62
CEO Bio

Mr. Kim serves as the President at Korea Aerospace Industries, Ltd. since October, 2017 and serves as its Chief Executive Officer and Inside Director.

CEO Compensation
  • Insufficient data for Jo-Won to compare compensation growth.
  • Insufficient data for Jo-Won to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Jo-Won Kim

TITLE
CEO, President & Inside Director
AGE
62

Tae-Hong Yun

TITLE
Senior Managing Director and Director of Production Division
AGE
61

Sung-Jong Lee

TITLE
Senior Managing Director and Director of Civil Aircraft Division
AGE
59

Ki-Hwan Oh

TITLE
Senior Managing Director and Director of Future Strategy Division
AGE
69

Moo-Jong Noh

TITLE
Senior Managing Director and Director of Office of External Affairs & Development
AGE
60

Cheol-Soo Kim

TITLE
Managing Director and Director of Military Aircraft Division
AGE
61

Dong-Sin Lee

TITLE
Managing Director and Head of Financial Management Office
AGE
64

Hyung-Joon Kim

TITLE
Managing Director and Chief of Management Planning Office
AGE
58

Jong-Sun Lee

TITLE
Managing Director and Chief of Management Support Office
AGE
61

Gwang-Bae Moon

TITLE
Managing Director and General Manager of Purchasing Department
AGE
63
Board of Directors

Yung-Bo Koo

TITLE
Outside Director
AGE
69

Jo-Won Kim

TITLE
CEO, President & Inside Director
AGE
62

Tae-Ho Park

TITLE
Outside Director

Yu-haeng Jo

TITLE
Outside Director

Ho-eob Kim

TITLE
Outside Director

Yeong-Han Kim

TITLE
Non-Executive Director

Pal-Sung Lee

TITLE
Outside Director

Dong-Ho Lee

TITLE
Outside Director

Tae-Young Kim

TITLE
Outside Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₩) Value (₩)
X
Management checks
We assess Korea Aerospace Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Korea Aerospace Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe components in South Korea. The company develops supersonic jets; airfield controlled and basic trainer aircrafts; amphibious, medical evacuation, police, maritime police, and utility helicopters; unmanned air vehicles; small civil air vehicles; and aero structures. It also provides aircraft maintenance, repair, and overhaul services; aircraft training systems; and multi-purpose satellites, as well as core-parts for satellites. The company was founded in 1999 and is headquartered in Sacheon, South Korea.

Details
Name: Korea Aerospace Industries, Ltd.
A047810
Exchange: KOSE
Founded: 1999
₩1,978,744,672,100
97,475,107
Website: http://www.koreaaero.com
Address: Korea Aerospace Industries, Ltd.
78, Gongdan 1 street,
Sanam-myun,
Sacheon,
Gyeongsangnam-do, South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A047810 Common Stock Korea Stock Exchange KR KRW 30. Jun 2011
Number of employees
Current staff
Staff numbers
0
Korea Aerospace Industries employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:34
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.