This document provides an overview and analysis of various Korean companies listed on the KOSPI 100 stock index. It includes key financial metrics such as market capitalization, revenue, earnings, debt levels, credit ratings, and analyst estimates for revenue and earnings growth for each company. The purpose is to analyze the fundamentals and financial health of these major Korean firms to inform investment recommendations.
Fundamental Analysis & Recommendations - QMS Advisors FlexIndex KOSPI 100
1. Fundamental Analysis &
Analyst Recommendations
QMS Advisors FlexIndex KOSPI 100
October 2013
Q.M.S Advisors
Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
This material does not constitute investment advice and should not be
viewed as a current or past recommendation or a solicitation of an
offer to buy or sell any securities or to adopt any investment strategy.
8. 27.09.2013
Samsung Electronics Co., Ltd. manufactures a wide range of consumer and
industrial electronic equipment and products such as semiconductors, personal
computers, peripherals, monitors, televisions, and home appliances including air
conditioners and microwave ovens. The Company also produces Internet access
network systems and telecommunications equipment including mobile phones.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (03.01.2013) 1'584'000.00
52-Week Low (08.07.2013) 1'209'000.00
Daily Volume
1366000
52-Week High % Change -13.76% Dividend Yield -
52-Week Low % Change 12.99% Beta 1.18
% 52 Week Price Range High/Low 43.47% Equity Float 108.78
Shares Out 30.06.2013 147.3 Short Int 0.00
201'210'896.00 1 Yr Total Return 2.64%
Total Debt 3'111'874.00 YTD Return -10.22%
Preferred Stock 119'467.0 Adjusted BETA 1.184
Minority Interest 0.0 Analyst Recs 52
Cash and Equivalents 16'911'345.00 Consensus Rating 4.750
Enterprise Value 182'226'166.34
Average Volume 5 Day 312'937
005930 KS EQUITY YTD Change - Average Volume 30 Day 268'389
005930 KS EQUITY YTD % CHANGE - Average Volume 3 Month 282'864
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
72'952'991.0 89'772'834.0 112'249'475.0 120'815'977.0 141'206'377.0 ######### ######### - - - -
0.70x 1.05x 1.02x 1.06x 1.31x 4.11x 4.54x - - - -
11'753'254.0 14'207'387.0 20'345'636.0 18'987'465.0 27'701'730.0 ######### ######### - - - -
4.32x 6.61x 5.60x 6.75x 6.70x 6.88x 5.08x - - - -
5'525'904.0 6'208'140.0 13'236'461.0 10'029'152.0 17'398'530.0 ######### ######### - - - -
11.97x 18.96x 10.69x 15.82x 13.17x 14.07x 10.58x - - - -
EBITDA 27'701'730.00 Long-Term Rating Date 08.08.2013
EBIT 18'510'436.00 Long-Term Rating A+
Operating Margin 13.11% Long-Term Outlook STABLE
Pretax Margin 14.69% Short-Term Rating Date 25.01.2006
Return on Assets 14.37% Short-Term Rating A-1
Return on Common Equity 16.93%
Return on Capital 17.76% EBITDA/Interest Exp. 205.30
Asset Turnover 1.14% (EBITDA-Capex)/Interest Exp. 100.84
Net Debt/EBITDA -0.62
Gross Margin 29.6% Total Debt/EBITDA 0.08
EBITDA Margin 20.3%
EBIT Margin 14.2% Total Debt/Equity 2.9%
Net Income Margin 12.3% Total Debt/Capital 2.9%
Asset Turnover 1.14
Current Ratio 1.77 Net Fixed Asset Turnover 3.87
Quick Ratio 1.38 Accounts receivable turnover-days 46.31
Debt to Assets 2.34% Inventory Days 20.60
Tot Debt to Common Equity 2.94% Accounts Payable Turnover Day 23.12
Accounts Receivable Turnover 7.88 Cash Conversion Cycle 38.44
Inventory Turnover 17.71
Fiscal Year Ended
Samsung Electronics Co Ltd
Price/Volume
Valuation Analysis
232'265.00
Current Price (9/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
1800000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
.2 M
.4 M
.6 M
.8 M
1.0 M
1.2 M
0.0
20'000'000.0
40'000'000.0
60'000'000.0
80'000'000.0
100'000'000.0
120'000'000.0
140'000'000.0
160'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
2.00
4.00
6.00
8.00
10.00
12.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
9. 27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SAMSUNG ELECTRONICS n/a Co File 16'513'149 11.21 (399'465) 30.09.2012 Corporation
SAMSUNG LIFE INSURAN n/a EXCH 11'138'747 7.56 20'054 01.07.2013 Insurance Company
NATIONAL PENSION SER n/a Co File 10'948'157 7.43 631'368 30.06.2013 Government
SAMSUNG C&T CORP n/a EXCH 5'976'362 4.06 - 21.03.2013 Corporation
KUN HEE LEE n/a EXCH 4'985'464 3.38 - 21.03.2013 n/a
KOREA INVESTMENT TRU n/a EXCH 3'989'329 2.71 - 30.11.2012 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 3'645'734 2.48 (241'473) 31.07.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 3'109'739 2.11 47'952 25.09.2013 Investment Advisor
VANGUARD GROUP INC n/a ULT-AGG 1'524'065 1.03 (62'967) 30.06.2013 Unclassified
SAMSUNG INVESTMENT T Multiple Portfolios MF-AGG 1'429'654 0.97 (71'401) 31.03.2013 Investment Advisor
NORGES BANK Multiple Portfolios MF-AGG 1'231'444 0.84 - 31.12.2012 Government
FIL LIMITED n/a ULT-AGG 1'036'655 0.7 (68'780) 30.04.2013 Investment Advisor
FRANKLIN RESOURCES n/a ULT-AGG 904'418 0.61 (3'758) 31.08.2013 Investment Advisor
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 782'050 0.53 (151'678) 30.08.2013 Investment Advisor
FMR LLC n/a ULT-AGG 739'264 0.5 (139'211) 31.07.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 664'627 0.45 90'116 31.07.2013 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 611'891 0.42 (332'810) 30.06.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 526'180 0.36 9'158 31.08.2013 Investment Advisor
KB ASSET MANAGEMENT Multiple Portfolios MF-AGG 521'565 0.35 32'350 31.03.2013 Investment Advisor
MAPS INVESTMENT MANA Multiple Portfolios MF-AGG 500'819 0.34 (170'352) 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
HMC Investment Securities Co Ltd GREG GEUN-CHANG ROH buy 5 M 1'750'000 6 month 27.09.2013
Sanford C. Bernstein & Co MARK C NEWMAN outperform 5 M 2'400'000 12 month 26.09.2013
KTB Securities JIN SUNG-HAE buy 5 M 1'900'000 12 month 26.09.2013
Korea Investment & Securities SEO WON-SEOK buy 5 M 1'800'000 12 month 25.09.2013
Hanwha Securities Co., Ltd AHN SEONG-HO buy 5 M 1'900'000 6 month 25.09.2013
Hana Daetoo Securities CHUN SUNG-HOON buy 5 M 1'750'000 12 month 25.09.2013
Barclays BAE SEUNG-CHUL overweight 5 M 1'900'000 Not Provided 25.09.2013
IBK Securities Co Ltd SEUNG-WOO LEE buy 5 M 1'800'000 Not Provided 25.09.2013
Wedge Partners BRIAN BLAIR no rating system #N/A N/A M #N/A N/A Not Provided 25.09.2013
Samsung Securities MINSEONG HWANG buy 5 M 1'900'000 12 month 24.09.2013
BNP Paribas Equity Research PETER YU buy 5 M 2'300'000 12 month 24.09.2013
Daewoo Securities JAMES SONG buy 5 M 1'900'000 12 month 23.09.2013
Eugene Investment & Securities Co., LtdLEE JEONG buy 5 M 1'900'000 12 month 23.09.2013
Credit Suisse KEON HAN outperform 5 M 1'900'000 Not Provided 23.09.2013
HSBC RICKY JUIL SEO overweight 5 M 1'870'000 Not Provided 23.09.2013
Leading Investment & Securities SANG-WOO OH buy 5 M 1'920'000 12 month 23.09.2013
KIWOOM Securities Co Ltd KIM SUNG-IN buy 5 M 2'100'000 6 month 23.09.2013
HI Investment Securities SONG MYUNG-SUP buy 5 M 1'700'000 6 month 22.09.2013
Deutsche Bank SEUNGHOON HAN buy 5 M 1'900'000 12 month 17.09.2013
Hyundai Securities YOUNG PARK buy 5 M 1'800'000 12 month 16.09.2013
Woori Investment & Securities YOUNG PARK buy 5 M 1'900'000 12 month 16.09.2013
Macquarie DANIEL KIM outperform 5 M 1'800'000 12 month 16.09.2013
Kyobo Securities CHOI DO-YEON buy 5 M 1'700'000 6 month 16.09.2013
Nomura CHANG-WON CHUNG buy 5 M 1'900'000 Not Provided 13.09.2013
Tong Yang Investment Bank HYUN PARK buy 5 M 1'700'000 12 month 12.09.2013
UBS NICOLAS GAUDOIS buy 5 M 1'800'000 12 month 12.09.2013
Berenberg Bank ADNAAN AHMAD sell 1 M 1'150'000 Not Provided 11.09.2013
Shinyoung Securities Co., Ltd. LIM DORI buy 5 M 1'700'000 12 month 09.09.2013
Shinhan Investment Corp KIM YOUNG-CHAN buy 5 M 1'750'000 12 month 09.09.2013
E*Trade Securities Korea JI-WOONG KIM hold 3 M 1'350'000 12 month 09.09.2013
Susquehanna Financial Group MEHDI HOSSEINI Positive 4 M 1'700'000 12 month 08.09.2013
Dongbu Securities Co Ltd KWON SUNG-RYUL buy 5 M 1'800'000 12 month 05.09.2013
Jefferies SUNDEEP BAJIKAR buy 5 M 2'000'000 12 month 03.09.2013
Daiwa Securities Co. Ltd. JAE H LEE buy 5 M 1'800'000 Not Provided 29.08.2013
BMO Capital Markets TIMOTHY P LONG outperform 5 M 1'600'000 Not Provided 28.08.2013
CIMB DO-HOON LEE outperform 5 M 1'900'000 12 month 26.08.2013
Maybank Kim Eng WARREN LAU buy 5 M 1'800'000 12 month 22.08.2013
Mirae Asset Securities DOH HYUN-WOO buy 5 M 1'800'000 12 month 13.08.2013
KB Investment & Securities Co., Ltd BYUN HAN-JOON buy 5 M 1'900'000 12 month 08.08.2013
S&P Capital IQ APURVA PATEL strong buy 5 M 1'800'000 12 month 07.08.2013
Morgan Stanley SHAWN KIM Equalwt/Cautious 3 D 1'500'000 12 month 29.07.2013
NH Investment & Securities LEE SUN-TAE buy 5 M 1'800'000 6 month 29.07.2013
Goldman Sachs MICHAEL BANG buy/attractive 5 M 1'750'000 12 month 26.07.2013
Holdings By:
Samsung Electronics Co Ltd
All
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
10. 27.09.2013
Hyundai Motor Company manufactures, sells, and exports passenger cars, trucks,
and commercial vehicles. The Company also sells various auto parts and operates
auto repair service centers throughout South Korea. Hyundai Motor provides
financial services through its subsidiaries.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (27.09.2013) 258'500.00
52-Week Low (19.04.2013) 176'500.00
Daily Volume
256500
52-Week High % Change -0.77% Dividend Yield -
52-Week Low % Change 45.33% Beta 1.11
% 52 Week Price Range High/Low 98.77% Equity Float 136.47
Shares Out 30.06.2013 220.3 Short Int -
56'500'916.00 1 Yr Total Return 4.10%
Total Debt 3'015'534.00 YTD Return 17.39%
Preferred Stock 331'011.0 Adjusted BETA 1.114
Minority Interest 0.0 Analyst Recs 47
Cash and Equivalents 13'131'318.00 Consensus Rating 4.915
Enterprise Value 43'796'921.86
Average Volume 5 Day 444'084
005380 KS EQUITY YTD Change - Average Volume 30 Day 496'748
005380 KS EQUITY YTD % CHANGE - Average Volume 3 Month 528'609
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
32'189'786.0 31'859'327.0 36'761'115.0 42'774'077.0 43'162'401.0 ######### ######### ######### ######### ######### #########
0.20x 0.64x 0.86x 0.91x 0.83x 3.57x 3.60x - - - -
3'221'449.0 3'649'386.0 4'833'935.0 6'242'388.0 5'951'650.0 ######### ######### - - - -
2.05x 5.60x 6.54x 6.21x 6.04x 5.73x 6.62x - - - -
1'447'904.0 2'961'509.0 3'476'238.0 4'740'886.0 5'273'448.0 ######### ######### - ######### - -
7.42x 11.11x 13.55x 12.20x 11.26x 11.22x 12.21x - - - -
EBITDA 5'951'650.00 Long-Term Rating Date 20.03.2012
EBIT 4'297'228.00 Long-Term Rating BBB+
Operating Margin 9.96% Long-Term Outlook STABLE
Pretax Margin 14.78% Short-Term Rating Date -
Return on Assets 9.22% Short-Term Rating -
Return on Common Equity 11.20%
Return on Capital 12.78% EBITDA/Interest Exp. 29.36
Asset Turnover 0.77% (EBITDA-Capex)/Interest Exp. 21.18
Net Debt/EBITDA -2.50
Gross Margin 24.0% Total Debt/EBITDA 0.46
EBITDA Margin 12.5%
EBIT Margin 8.5% Total Debt/Equity 8.2%
Net Income Margin 12.2% Total Debt/Capital 7.5%
Asset Turnover 0.77
Current Ratio 1.76 Net Fixed Asset Turnover 3.23
Quick Ratio 1.53 Accounts receivable turnover-days 33.01
Debt to Assets 5.59% Inventory Days 20.22
Tot Debt to Common Equity 8.22% Accounts Payable Turnover Day 43.51
Accounts Receivable Turnover 11.06 Cash Conversion Cycle 11.73
Inventory Turnover 18.05
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Hyundai Motor Co
Price/Volume
Valuation Analysis
306'698.00
Current Price (9/dd/yy) Market Data
0
50000
100000
150000
200000
250000
300000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
0.0
5'000'000.0
10'000'000.0
15'000'000.0
20'000'000.0
25'000'000.0
30'000'000.0
35'000'000.0
40'000'000.0
45'000'000.0
50'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
11. 27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
HYUNDAI MOBIS n/a EXCH 45'782'023 20.78 - 19.04.2013 Corporation
NATIONAL PENSION SER n/a EXCH 15'406'112 6.99 2'302'666 22.01.2013 Government
MONG-KOO CHUNG n/a EXCH 11'408'874 5.18 - 19.04.2013 n/a
HYUNDAI MOTOR CO n/a Co File 11'006'710 5 - 31.12.2012 Corporation
BLACKROCK n/a ULT-AGG 4'409'187 2 (7'848) 25.09.2013 Investment Advisor
CAPITAL GROUP COMPAN n/a ULT-AGG 4'356'884 1.98 (540'098) 31.07.2013 Investment Advisor
WADDELL & REED FINAN n/a ULT-AGG 4'307'240 1.96 (675'100) 30.06.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 2'514'638 1.14 267'025 31.08.2013 Investment Advisor
VANGUARD GROUP INC n/a ULT-AGG 2'410'529 1.09 (1'064'039) 30.06.2013 Unclassified
FIL LIMITED n/a ULT-AGG 2'356'118 1.07 (338'545) 30.04.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 2'143'135 0.97 116'199 31.07.2013 Investment Advisor
SAMSUNG INVESTMENT T Multiple Portfolios MF-AGG 1'760'509 0.8 (342'579) 31.03.2013 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 1'599'844 0.73 142'421 30.06.2013 Investment Advisor
NORGES BANK Multiple Portfolios MF-AGG 1'438'321 0.65 - 31.12.2012 Government
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 1'176'193 0.53 (91'197) 30.08.2013 Investment Advisor
KOREA INVESTMENT TRU Multiple Portfolios MF-AGG 954'136 0.43 142'050 31.03.2013 Investment Advisor
KB ASSET MANAGEMENT Multiple Portfolios MF-AGG 851'144 0.39 46'060 31.03.2013 Investment Advisor
EASTSPRING INVESTMEN Multiple Portfolios MF-AGG 842'340 0.38 - 15.04.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 764'438 0.35 83'434 31.07.2013 Investment Advisor
DEUTSCHE BANK AG n/a ULT-AGG 744'300 0.34 9'700 31.07.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
KTB Securities NAM KYEONG MOON buy 5 M 270'000 12 month 27.09.2013
Nomura ANGELA HONG buy 5 M 270'000 Not Provided 27.09.2013
UBS CHANG YOUNG-WOO buy 5 M 310'000 12 month 25.09.2013
Dongbu Securities Co Ltd YIM EUN-YOUNG buy 5 M 280'000 12 month 23.09.2013
Korea Investment & Securities SUH SUNGMOON buy 5 M 320'000 12 month 23.09.2013
Eugene Investment & Securities Co., LtdMOON-SOO JANG buy 5 M 300'000 12 month 23.09.2013
Shinhan Investment Corp CHOI JUNGHYUK buy 5 M 295'000 12 month 23.09.2013
Woori Investment & Securities CHO SOO-HONG buy 5 M 270'000 12 month 23.09.2013
KB Investment & Securities Co., Ltd SHIN CHUNG-KWAN buy 5 M 330'000 12 month 23.09.2013
Hana Daetoo Securities SONG SUN-JAE buy 5 M 270'000 12 month 23.09.2013
E*Trade Securities Korea KANG SANG-MIN buy 5 M 270'000 12 month 23.09.2013
HMC Investment Securities Co Ltd LEE MYUNG-HOON buy 5 M 300'000 6 month 16.09.2013
Shinyoung Securities Co., Ltd. HYUNG-SIL LEE buy 5 M 300'000 12 month 16.09.2013
Kyobo Securities DONG-HA KIM buy 5 M 300'000 6 month 16.09.2013
LIG Investment Securities IN-WOO PARK buy 5 M 290'000 12 month 16.09.2013
CIMB KJ HWANG outperform 5 M 272'000 12 month 15.09.2013
Credit Suisse HENRY KWON outperform 5 M 303'000 Not Provided 13.09.2013
Deutsche Bank SANJEEV RANA buy 5 M 300'000 12 month 11.09.2013
NH Investment & Securities LEE SANG-HYUN buy 5 M 290'000 6 month 03.09.2013
Hyundai Securities CHAE HEE-GUEN buy 5 M 275'000 Not Provided 03.09.2013
Tong Yang Investment Bank AHN SANG JUN buy 5 M 300'000 12 month 03.09.2013
EVA Dimensions CRAIG STERLING hold 3 D #N/A N/A Not Provided 02.09.2013
Ji Asia STEPHEN USHER buy 5 M 275'000 12 month 21.08.2013
BNP Paribas Equity Research JAMES HIE SUK YOON buy 5 M 267'000 12 month 12.08.2013
Leading Investment & Securities JUNGWON JUNG buy 5 M 300'000 12 month 12.08.2013
Samsung Securities YOON PIL JOONG buy 5 M 265'000 12 month 02.08.2013
Barclays PAUL HWANG overweight 5 U 300'000 Not Provided 02.08.2013
Macquarie MICHAEL SOHN outperform 5 M 290'000 12 month 30.07.2013
Daewoo Securities YUN MICHAEL TAE-SIK buy 5 M 266'000 12 month 26.07.2013
SK Securities Co Ltd KIM YONG-SOO buy 5 N 285'000 6 month 26.07.2013
Hanwha Securities Co., Ltd KIM YEON-CHAN buy 5 M 265'000 6 month 26.07.2013
Mirae Asset Securities YOON-KI KIM buy 5 M 290'000 12 month 26.07.2013
Morgan Stanley PARK SANG-KYOO Overwt/Attractive 5 M 295'000 12 month 25.07.2013
JPMorgan PARK WAN SUN overweight 5 M 280'000 3 month 25.07.2013
HI Investment Securities KOH TAE-BONG buy 5 M 300'000 6 month 25.07.2013
Goldman Sachs SEUNG SHIN Buy/Neutral 5 M 264'000 12 month 10.07.2013
KIWOOM Securities Co Ltd LEE HYUN-SOO buy 5 M 280'000 6 month 09.07.2013
Daiwa Securities Co. Ltd. CHUNG SUNG-YOP buy 5 M 270'000 Not Provided 02.07.2013
Standard Chartered DAVID KIM outperform 5 U 265'000 12 month 21.06.2013
HSBC PAUL CHOI neutral 3 M 210'000 Not Provided 19.06.2013
Daishin Securities Co., Ltd. CHUNG TAEOH buy 5 M 270'000 12 month 26.04.2013
IBK Securities Co Ltd SAE-HWAN AHN buy 5 M 270'000 12 month 26.04.2013
Taurus Investment Securities Co Ltd YANG HEE-JOON buy 5 M 257'000 6 month 07.01.2013
Holdings By:
Hyundai Motor Co
All
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
12. 27.09.2013
POSCO manufactures various types of steel products. The Company produces hot
rolled steel, cold rolled steel, stainless steel, and other forms of steel. The
products are mainly used for automobile, construction, and shipbuilding
industries.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (04.01.2013) 374'500.00
52-Week Low (24.06.2013) 286'000.00
Daily Volume
323500
52-Week High % Change -13.62% Dividend Yield 1.85
52-Week Low % Change 13.11% Beta 1.00
% 52 Week Price Range High/Low 42.37% Equity Float 69.39
Shares Out 30.06.2013 87.2 Short Int -
28'204'942.00 1 Yr Total Return -9.85%
Total Debt 9'611'108.00 YTD Return -6.68%
Preferred Stock 0.0 Adjusted BETA 0.995
Minority Interest 0.0 Analyst Recs 46
Cash and Equivalents 2'668'637.88 Consensus Rating 4.478
Enterprise Value 34'541'686.08
Average Volume 5 Day 247'837
005490 KS EQUITY YTD Change - Average Volume 30 Day 305'603
005490 KS EQUITY YTD % CHANGE - Average Volume 3 Month 222'392
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
30'642'410.0 26'953'944.9 32'582'037.0 39'171'703.0 35'664'933.0 ######### ######### ######### ######### ######### #########
1.00x 1.74x 1.34x 0.99x 0.95x 3.95x 4.07x 1.14x 1.08x 4.50x 4.37x
8'448'098.8 5'207'546.3 7'503'502.7 6'103'603.2 4'670'790.1 ######### ######### ######### ######### 980'487.7 #########
3.61x 9.02x 5.82x 6.36x 7.26x 6.94x 6.65x 7.74x 6.89x 7.39x 7.12x
4'446'933.0 3'172'263.5 3'784'361.1 3'188'844.8 2'499'522.2 ######### ######### ######### ######### 497'524.6 532'245.0
6.45x 14.93x 9.91x 9.21x 10.79x 12.43x 11.41x 13.72x 10.91x 11.04x 10.34x
EBITDA 4'670'790.05 Long-Term Rating Date 22.10.2012
EBIT 2'789'597.11 Long-Term Rating BBB+
Operating Margin 7.82% Long-Term Outlook NEG
Pretax Margin 8.75% Short-Term Rating Date -
Return on Assets 4.76% Short-Term Rating -
Return on Common Equity 6.51%
Return on Capital 5.74% EBITDA/Interest Exp. 10.20
Asset Turnover 0.68% (EBITDA-Capex)/Interest Exp. 4.75
Net Debt/EBITDA 1.48
Gross Margin 13.0% Total Debt/EBITDA 2.06
EBITDA Margin 13.1%
EBIT Margin 7.8% Total Debt/Equity 24.5%
Net Income Margin 7.0% Total Debt/Capital 19.7%
Asset Turnover 0.68
Current Ratio 2.78 Net Fixed Asset Turnover 1.63
Quick Ratio 1.49 Accounts receivable turnover-days 42.63
Debt to Assets 18.37% Inventory Days 73.98
Tot Debt to Common Equity 24.54% Accounts Payable Turnover Day 14.83
Accounts Receivable Turnover 8.59 Cash Conversion Cycle 101.77
Inventory Turnover 4.95
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
POSCO
Price/Volume
Valuation Analysis
182'666.00
Current Price (9/dd/yy) Market Data
0
50000
100000
150000
200000
250000
300000
350000
400000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
3.0 M
3.5 M
4.0 M
0.0
5'000'000.0
10'000'000.0
15'000'000.0
20'000'000.0
25'000'000.0
30'000'000.0
35'000'000.0
40'000'000.0
45'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
2.00
4.00
6.00
8.00
10.00
12.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
13. 27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
BANK OF NEW YORK n/a Co File 13'823'736 15.86 - 31.12.2012 Investment Advisor
POSCO n/a Co File 9'942'391 11.4 - 31.12.2012 Corporation
NATIONAL PENSION SER n/a Co File 5'225'654 5.99 - 31.12.2012 Government
FRANKLIN RESOURCES n/a ULT-AGG 1'901'752 2.18 874'030 31.08.2013 Investment Advisor
BLACKROCK n/a ULT-AGG 1'676'539 1.92 9'930 25.09.2013 Investment Advisor
EMPLOYEE STOCK OWNER n/a Co File 1'671'466 1.92 - 31.12.2012 n/a
CAPITAL GROUP COMPAN n/a ULT-AGG 1'007'400 1.16 (24'500) 30.06.2013 Investment Advisor
MITSUBISHI CORP n/a ULT-AGG 880'587 1.01 - 31.03.2013 Corporation
NORGES BANK Multiple Portfolios MF-AGG 777'233 0.89 - 31.12.2012 Government
DIMENSIONAL FUND ADV n/a ULT-AGG 766'799 0.88 3'406 30.04.2013 Investment Advisor
MACKENZIE FINANCIAL Multiple Portfolios MF-AGG 753'623 0.86 187'500 30.06.2013 Investment Advisor
VANGUARD GROUP INC n/a ULT-AGG 688'498 0.79 (479'769) 30.06.2013 Unclassified
SAMSUNG INVESTMENT T Multiple Portfolios MF-AGG 649'534 0.74 (132'695) 31.03.2013 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 341'556 0.39 - 31.05.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 288'630 0.33 (100'668) 31.07.2013 Investment Advisor
KYOBO AXA INVESTMENT Multiple Portfolios MF-AGG 262'454 0.3 2'011 31.03.2013 Investment Advisor
WADDELL & REED FINAN n/a ULT-AGG 260'870 0.3 241'150 30.06.2013 Investment Advisor
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 247'477 0.28 30'631 31.03.2013 Investment Advisor
KOREA INVESTMENT TRU Multiple Portfolios MF-AGG 232'515 0.27 1'195 31.03.2013 Investment Advisor
KB ASSET MANAGEMENT Multiple Portfolios MF-AGG 176'091 0.2 (19'769) 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
HMC Investment Securities Co Ltd PARK HYUN-WOOK buy 5 M 410'000 6 month 27.09.2013
KTB Securities SHIM HYE-SUN buy 5 M 400'000 12 month 27.09.2013
Korea Investment & Securities MOON SUN CHOI buy 5 M 420'000 12 month 26.09.2013
Credit Suisse SINN MIN-SEOK neutral 3 M 350'000 Not Provided 26.09.2013
Woori Investment & Securities WILL BYUN buy 5 M 400'000 12 month 25.09.2013
DBS Vickers LEE EUN YOUNG buy 5 M 380'000 12 month 24.09.2013
HI Investment Securities BANG MINJIN buy 5 M 380'000 6 month 23.09.2013
Hanwha Securities Co., Ltd KIM KANG-OH buy 5 M 390'000 6 month 16.09.2013
Kyobo Securities UM JIN-SEOK buy 5 M 390'000 6 month 16.09.2013
Samsung Securities TEAM COVERAGE buy 5 M 380'000 12 month 13.09.2013
Sanford C. Bernstein & Co VANESSA LAU outperform 5 M 400'000 12 month 13.09.2013
E*Trade Securities Korea KANG TAE-HYUN buy 5 M 430'000 12 month 12.09.2013
KIWOOM Securities Co Ltd CHANG-HO KIM buy 5 M 373'000 6 month 09.09.2013
Daewoo Securities JEON SEUNG-HUN buy 5 M 430'000 12 month 05.09.2013
Deutsche Bank CHANWOOK PARK buy 5 M 362'000 12 month 03.09.2013
Shinyoung Securities Co., Ltd. KANG-UN CHO buy 5 M 380'000 12 month 03.09.2013
Morgan Stanley YOUNG SUK SHIN Equalwt/In-Line 3 M 340'000 12 month 26.08.2013
EVA Dimensions TIMOTHY STANISH hold 3 D #N/A N/A Not Provided 22.08.2013
BNP Paribas Equity Research TOSHIYUKI JOHNO hold 3 M 330'000 12 month 21.08.2013
Nomura CINDY PARK buy 5 M 460'000 Not Provided 09.08.2013
Standard Chartered JAMES KP HONG outperform 5 U 400'000 12 month 08.08.2013
VTB Capital WIKTOR BIELSKI buy 5 M 422'000 12 month 05.08.2013
Barclays EPHREM RAVI overweight 5 M 375'000 Not Provided 01.08.2013
KB Investment & Securities Co., Ltd KIM HYUN-TAE buy 5 M 360'000 12 month 29.07.2013
Hyundai Securities KIM JI-HWAN buy 5 M 430'000 12 month 26.07.2013
Shinhan Investment Corp JINJOO HONG buy 5 M 410'000 12 month 26.07.2013
SK Securities Co Ltd LEE WON JAE neutral 3 M 300'000 6 month 26.07.2013
Tong Yang Investment Bank KEE-HYUN PARK buy 5 M 395'000 12 month 26.07.2013
UBS SON YONG-SUK buy 5 M 410'000 12 month 26.07.2013
S&P Capital IQ NG SU PENG buy 5 M 370'000 Not Provided 26.07.2013
LIG Investment Securities YOON-SANG KIM buy 5 M 380'000 12 month 26.07.2013
BS Securities Co Ltd YOON KWAN-CHUL buy 5 M 440'000 6 month 26.07.2013
JPMorgan AKIRA KISHIMOTO neutral 3 M 350'000 15 month 25.07.2013
HSBC BRIAN CHO overweight 5 M 400'000 Not Provided 25.07.2013
Taurus Investment Securities Co Ltd JI-WOONG YOO buy 5 M 380'000 6 month 10.07.2013
IBK Securities Co Ltd PARK BYUNGCHIL buy 5 M 400'000 Not Provided 26.06.2013
Mirae Asset Securities KWON HAE-SOON buy 5 M 400'000 12 month 07.06.2013
Daishin Securities Co., Ltd. KAY NOH buy 5 M 390'000 12 month 28.05.2013
Dongbu Securities Co Ltd LEE JAE-HOON hold 3 M 370'000 12 month 22.04.2013
Daiwa Securities Co. Ltd. CHUNG SUNG-YOP hold 3 M 320'000 Not Provided 08.04.2013
Goldman Sachs SEUNG SHIN neutral/neutral 3 M 350'000 12 month 03.03.2013
Eugene Investment & Securities Co., LtdGYUNG-JUNG KIM buy 5 M 450'000 12 month 30.01.2013
Ji Asia SAMUEL THAWLEY buy 5 U 470'000 12 month 07.01.2013
Holdings By:
POSCO
All
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
14. 27.09.2013
Hyundai Mobis manufactures and markets automotive parts and equipment, such as
automotive service components, modules, and systems. The Company also contracts
environmental projects, including sewage treatment plant and industrial waste
water treatment plant construction.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (27.09.2012) 320'500.00
52-Week Low (29.04.2013) 245'000.00
Daily Volume
293500
52-Week High % Change -8.42% Dividend Yield 0.65
52-Week Low % Change 19.80% Beta 0.90
% 52 Week Price Range High/Low 57.62% Equity Float 59.81
Shares Out 30.06.2013 97.3 Short Int -
28'570'424.00 1 Yr Total Return -6.52%
Total Debt 1'158'773.00 YTD Return 1.91%
Preferred Stock 127.0 Adjusted BETA 0.899
Minority Interest 0.0 Analyst Recs 43
Cash and Equivalents 3'576'949.00 Consensus Rating 4.860
Enterprise Value 25'759'515.79
Average Volume 5 Day 200'035
012330 KS EQUITY YTD Change - Average Volume 30 Day 225'291
012330 KS EQUITY YTD % CHANGE - Average Volume 3 Month 266'940
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
9'373'390.0 10'633'020.0 13'695'717.0 15'886'201.0 16'865'694.0 ######### ######### - - - -
0.49x 1.50x 1.92x 1.72x 1.49x 6.70x 6.05x - - - -
1'325'678.0 1'652'601.0 2'160'724.0 2'316'807.0 2'505'963.0 ######### ######### - - - -
3.45x 9.62x 12.15x 11.79x 10.01x 10.49x 9.69x - - - -
1'089'995.0 1'615'220.0 1'628'807.0 1'742'742.0 2'251'252.0 ######### ######### - ######### - -
4.96x 9.60x 16.66x 15.99x 12.23x 13.16x 12.25x 8.07x 7.42x - -
EBITDA 2'505'963.00 Long-Term Rating Date 20.03.2012
EBIT 2'312'302.00 Long-Term Rating BBB+
Operating Margin 13.71% Long-Term Outlook STABLE
Pretax Margin 16.82% Short-Term Rating Date -
Return on Assets 12.95% Short-Term Rating -
Return on Common Equity 18.23%
Return on Capital 16.42% EBITDA/Interest Exp. 92.28
Asset Turnover 0.97% (EBITDA-Capex)/Interest Exp. 79.57
Net Debt/EBITDA -0.98
Gross Margin 20.4% Total Debt/EBITDA 0.46
EBITDA Margin 14.9%
EBIT Margin 13.7% Total Debt/Equity 8.6%
Net Income Margin 13.3% Total Debt/Capital 8.0%
Asset Turnover 0.97
Current Ratio 2.07 Net Fixed Asset Turnover 8.79
Quick Ratio 1.82 Accounts receivable turnover-days 84.05
Debt to Assets 6.35% Inventory Days 21.62
Tot Debt to Common Equity 8.64% Accounts Payable Turnover Day 53.61
Accounts Receivable Turnover 4.35 Cash Conversion Cycle 52.06
Inventory Turnover 16.93
Fiscal Year Ended
Hyundai Mobis
Price/Volume
Valuation Analysis
197'244.00
Current Price (9/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
50000
100000
150000
200000
250000
300000
350000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
.2 M
.4 M
.6 M
.8 M
1.0 M
1.2 M
0.0
2'000'000.0
4'000'000.0
6'000'000.0
8'000'000.0
10'000'000.0
12'000'000.0
14'000'000.0
16'000'000.0
18'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
5.00
10.00
15.00
20.00
25.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
15. 27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
KIA MOTORS CORP n/a EXCH 16'427'074 16.88 - 19.04.2013 Corporation
NATIONAL PENSION SER n/a Co File 6'983'490 7.17 - 31.12.2012 Government
MONG-KOO CHUNG n/a EXCH 6'778'966 6.96 - 19.04.2013 n/a
HYUNDAI STEEL CO n/a EXCH 5'504'846 5.66 - 19.04.2013 Corporation
CAPITAL GROUP COMPAN n/a ULT-AGG 5'204'151 5.35 (116'082) 12.08.2013 Investment Advisor
HYUNDAI MOBIS n/a Co File 1'806'616 1.86 - 31.12.2012 Corporation
BLACKROCK n/a ULT-AGG 1'642'951 1.69 12'224 25.09.2013 Investment Advisor
T ROWE PRICE ASSOCIA Multiple Portfolios MF-AGG 1'358'943 1.4 (42'868) 30.06.2013 Investment Advisor
LAZARD ASSET MANAGEM n/a ULT-AGG 1'312'244 1.35 (20'690) 31.08.2013 Unclassified
VANGUARD GROUP INC n/a ULT-AGG 1'310'399 1.35 (523'967) 30.06.2013 Unclassified
INVESCO LTD n/a ULT-AGG 1'006'914 1.03 64'959 26.09.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 844'135 0.87 (137'584) 31.07.2013 Investment Advisor
SAMSUNG INVESTMENT T Multiple Portfolios MF-AGG 636'231 0.65 (43'591) 31.03.2013 Investment Advisor
NORGES BANK Multiple Portfolios MF-AGG 621'635 0.64 - 31.12.2012 Government
KOREA INVESTMENT TRU Multiple Portfolios MF-AGG 558'994 0.57 68'438 31.03.2013 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 439'381 0.45 (16'260) 30.08.2013 Investment Advisor
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 331'762 0.34 3'510 28.06.2013 Investment Advisor
ROBECO n/a ULT-AGG 321'983 0.33 (360) 30.04.2013 Unclassified
UBS HANA ASSET MANAG Multiple Portfolios MF-AGG 302'321 0.31 36'315 31.03.2013 Investment Advisor
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 287'419 0.3 84'039 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
KTB Securities NAM KYEONG MOON buy 5 M 360'000 12 month 27.09.2013
KB Investment & Securities Co., Ltd SHIN CHUNG-KWAN buy 5 M 380'000 12 month 27.09.2013
Nomura ANGELA HONG buy 5 M 330'000 Not Provided 26.09.2013
E*Trade Securities Korea KANG SANG-MIN buy 5 M 360'000 12 month 24.09.2013
Dongbu Securities Co Ltd YIM EUN-YOUNG buy 5 M 320'000 12 month 23.09.2013
Shinhan Investment Corp CHOI JUNGHYUK buy 5 M 365'000 12 month 23.09.2013
Korea Investment & Securities SUH SUNGMOON buy 5 M 350'000 12 month 16.09.2013
HMC Investment Securities Co Ltd LEE MYUNG-HOON buy 5 M 360'000 6 month 16.09.2013
Shinyoung Securities Co., Ltd. HYUNG-SIL LEE buy 5 M 380'000 12 month 16.09.2013
Woori Investment & Securities CHO SOO-HONG buy 5 M 350'000 12 month 16.09.2013
LIG Investment Securities IN-WOO PARK buy 5 M 360'000 12 month 16.09.2013
Mirae Asset Securities YOON-KI KIM buy 5 M 410'000 12 month 26.08.2013
Morgan Stanley PARK SANG-KYOO Overwt/Attractive 5 M 322'000 12 month 07.08.2013
Daewoo Securities PARK YOUNG HO buy 5 M 325'000 12 month 29.07.2013
NH Investment & Securities LEE SANG-HYUN buy 5 M 380'000 6 month 29.07.2013
Meritz Securities Co., Ltd JOON SUNG KIM buy 5 M 310'000 6 month 29.07.2013
Hyundai Securities CHAE HEE-GUEN buy 5 M 310'000 12 month 29.07.2013
Eugene Investment & Securities Co., LtdMOON-SOO JANG buy 5 M 360'000 12 month 29.07.2013
Tong Yang Investment Bank AHN SANG JUN buy 5 M 320'000 12 month 29.07.2013
Hanwha Securities Co., Ltd KIM YEON-CHAN buy 5 M 370'000 6 month 29.07.2013
HI Investment Securities KOH TAE-BONG buy 5 M 340'000 6 month 29.07.2013
Kyobo Securities DONG-HA KIM buy 5 M 350'000 6 month 29.07.2013
KIWOOM Securities Co Ltd LEE HYUN-SOO buy 5 M 370'000 6 month 29.07.2013
JPMorgan PARK WAN SUN neutral 3 D 270'000 3 month 28.07.2013
CIMB KJ HWANG outperform 5 M 333'000 12 month 28.07.2013
Hana Daetoo Securities SONG SUN-JAE buy 5 M 325'000 12 month 28.07.2013
Deutsche Bank SANJEEV RANA buy 5 M 310'000 12 month 26.07.2013
Samsung Securities YOON PIL JOONG buy 5 M 295'000 12 month 26.07.2013
Credit Suisse HENRY KWON outperform 5 M 374'000 Not Provided 26.07.2013
Macquarie MICHAEL SOHN outperform 5 M 300'000 12 month 26.07.2013
BNP Paribas Equity Research JAMES HIE SUK YOON buy 5 M 360'000 12 month 26.07.2013
Barclays PAUL HWANG overweight 5 M 325'000 Not Provided 26.07.2013
Goldman Sachs SEUNG SHIN neutral/neutral 3 M 290'000 12 month 10.07.2013
Standard Chartered DAVID KIM outperform 5 M 340'000 12 month 28.06.2013
Daiwa Securities Co. Ltd. CHUNG SUNG-YOP hold 3 D 270'000 Not Provided 28.06.2013
IBK Securities Co Ltd SAE-HWAN AHN buy 5 M 350'000 Not Provided 29.04.2013
UBS CHANG YOUNG-WOO buy 5 M 320'000 12 month 26.04.2013
HSBC PAUL CHOI overweight 5 M 320'000 Not Provided 24.04.2013
EVA Dimensions CRAIG STERLING buy 5 U #N/A N/A Not Provided 14.03.2013
Taurus Investment Securities Co Ltd YANG HEE-JOON buy 5 M 370'000 6 month 12.02.2013
BS Securities Co Ltd CHOI DAE-SIK buy 5 N 370'000 6 month 02.05.2012
Daishin Securities Co., Ltd. CHUNG TAEOH buy 5 M 370'000 6 month 16.03.2012
DBS Vickers JAY KIM buy 5 M 370'000 12 month 30.01.2012
Holdings By:
Hyundai Mobis
All
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
16. 27.09.2013
Shinhan Financial Group Co., Ltd., a holding company, provides a full range of
consumer and commercial banking-related financial services. The company's main
businesses include banking, securities brokerage, trust banking, and assets
management to individuals, businesses, and other financial institutions.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (23.09.2013) 45'100.00
52-Week Low (28.11.2012) 33'350.00
Daily Volume
44450
52-Week High % Change -1.44% Dividend Yield 1.57
52-Week Low % Change 33.28% Beta 1.22
% 52 Week Price Range High/Low 93.62% Equity Float 450.86
Shares Out 30.06.2013 474.2 Short Int -
21'078'172.00 1 Yr Total Return 19.09%
Total Debt 7'206'951.00 YTD Return 14.41%
Preferred Stock 274'055.0 Adjusted BETA 1.218
Minority Interest 0.0 Analyst Recs 41
Cash and Equivalents 212'783.00 Consensus Rating 4.561
Enterprise Value 28'300'561.64
Average Volume 5 Day 787'243
055550 KS EQUITY YTD Change - Average Volume 30 Day 955'761
055550 KS EQUITY YTD % CHANGE - Average Volume 3 Month 897'820
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
2'455'904.0 1'785'561.0 1'043'389.0 2'124'112.0 992'378.0 ######### ######### - - - -
8.07x 15.01x 29.98x 11.27x 25.89x 62.25x 92.36x - - - -
2'409'574.0 1'718'698.0 965'508.0 2'053'001.0 930'629.0 ######### ######### - - - -
8.22x 15.60x 32.40x 11.66x 27.61x 16.08x 24.03x - - - -
2'020'398.0 1'306'292.0 617'625.0 1'672'908.0 590'449.0 ######### 720'519.0 - - - -
6.64x 18.74x 64.83x 13.50x 37.61x 17.61x 28.36x - - - -
EBITDA 930'629.00 Long-Term Rating Date -
EBIT - Long-Term Rating -
Operating Margin 90.31% Long-Term Outlook -
Pretax Margin 59.35% Short-Term Rating Date -
Return on Assets 2.03% Short-Term Rating -
Return on Common Equity 2.54%
Return on Capital 2.21% EBITDA/Interest Exp. -
Asset Turnover 0.03% (EBITDA-Capex)/Interest Exp. -
Net Debt/EBITDA 7.52
Gross Margin - Total Debt/EBITDA 7.74
EBITDA Margin 93.8%
EBIT Margin - Total Debt/Equity 37.2%
Net Income Margin 59.5% Total Debt/Capital 26.8%
Asset Turnover 0.03
Current Ratio - Net Fixed Asset Turnover 755.52
Quick Ratio - Accounts receivable turnover-days -
Debt to Assets 26.48% Inventory Days -
Tot Debt to Common Equity 37.16% Accounts Payable Turnover Day -
Accounts Receivable Turnover - Cash Conversion Cycle -
Inventory Turnover -
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Fiscal Year Ended
Shinhan Financial Group Co Ltd
Price/Volume
Valuation Analysis
649'416.00
Current Price (9/dd/yy) Market Data
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
.5 M
1.0 M
1.5 M
2.0 M
2.5 M
0.0
500'000.0
1'000'000.0
1'500'000.0
2'000'000.0
2'500'000.0
3'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
500.00
1'000.00
1'500.00
2'000.00
2'500.00
3'000.00
3'500.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
17. 27.09.2013
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
NATIONAL PENSION SER n/a Co File 34'506'886 7.28 - 31.12.2012 Government
BNP PARIBAS SA n/a Co File 30'106'276 6.35 - 31.12.2012 Bank
EMPLOYEE STOCK OWNER n/a Co File 18'787'067 3.96 - 31.12.2012 n/a
LAZARD ASSET MANAGEM n/a ULT-AGG 12'344'845 2.6 756 31.08.2013 Unclassified
BLACKROCK n/a ULT-AGG 10'454'482 2.2 151'690 25.09.2013 Investment Advisor
DIMENSIONAL FUND ADV n/a ULT-AGG 6'655'176 1.4 126'540 30.04.2013 Investment Advisor
VANGUARD GROUP INC n/a ULT-AGG 6'267'476 1.32 (2'644'622) 30.06.2013 Unclassified
MIZUHO FINANCIAL GRO n/a ULT-AGG 5'956'830 1.26 - 31.03.2013 Bank
ABU DHABI INVESTMENT n/a 20F 5'626'182 1.19 - 31.12.2011 Government
NORGES BANK Multiple Portfolios MF-AGG 4'936'958 1.04 - 31.12.2012 Government
SAMSUNG INVESTMENT T Multiple Portfolios MF-AGG 4'420'386 0.93 (116'653) 31.03.2013 Investment Advisor
FIL LIMITED n/a ULT-AGG 3'823'902 0.81 571'802 30.04.2013 Investment Advisor
JAE-GEUN YOO n/a EXCH 3'043'256 0.64 - 28.03.2013 n/a
COMMONWEALTH BANK OF n/a ULT-AGG 2'663'140 0.56 52'220 31.05.2013 Bank
KOREA INVESTMENT TRU Multiple Portfolios MF-AGG 2'394'931 0.51 85'420 31.03.2013 Investment Advisor
JP MORGAN n/a ULT-AGG 2'185'360 0.46 (1'282'050) 31.07.2013 Investment Advisor
ROBECO n/a ULT-AGG 1'783'409 0.38 27'427 30.04.2013 Unclassified
MIRAE ASSET GLOBAL I Multiple Portfolios MF-AGG 1'769'546 0.37 531'820 31.03.2013 Investment Advisor
GRANTHAM MAYO VAN OT Multiple Portfolios MF-AGG 1'672'077 0.35 - 31.05.2013 Investment Advisor
KYOBO AXA INVESTMENT Multiple Portfolios MF-AGG 1'501'854 0.32 16'180 31.03.2013 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Hyundai Securities KOO KYUNG-HWE buy 5 M 46'000 Not Provided 24.09.2013
Eugene Investment & Securities Co., LtdKIM IN buy 5 U 54'000 12 month 24.09.2013
KTB Securities OH JIN-WON buy 5 M 47'000 12 month 24.09.2013
NH Investment & Securities KIM EUN-GAB market perform 3 D #N/A N/A Not Provided 23.09.2013
JPMorgan SCOTT YH SEO overweight 5 M 55'000 9 month 20.09.2013
Barclays MICHELLE CHO equalweight 3 N 48'400 Not Provided 16.09.2013
Standard Chartered JINSANG KIM outperform 5 M 47'200 12 month 12.09.2013
HMC Investment Securities Co Ltd LEE CHANG-WOOK buy 5 M 54'000 6 month 12.09.2013
HI Investment Securities YOO SANG-HO buy 5 M 50'000 6 month 11.09.2013
Samsung Securities JAEWOO KIM buy 5 M 47'000 12 month 05.09.2013
Credit Suisse GIL HYUNG KIM outperform 5 M 48'500 Not Provided 04.09.2013
KB Investment & Securities Co., Ltd SHIM HYUN-SOO buy 5 M 53'000 12 month 03.09.2013
HSBC SINYOUNG PARK neutral 3 M 43'000 Not Provided 29.08.2013
Woori Investment & Securities JASON CHOI buy 5 M 49'000 12 month 27.08.2013
Hana Daetoo Securities HAN JEONG-TAE buy 5 M 49'000 12 month 26.08.2013
IBK Securities Co Ltd PARK JIN-HYOENG buy 5 M 47'000 12 month 26.08.2013
Korea Investment & Securities LEE JOANNE buy 5 M 51'000 12 month 21.08.2013
Deutsche Bank JEE HOON PARK hold 3 M 40'000 12 month 09.08.2013
Mirae Asset Securities HEATHER KANG buy 5 M 47'500 12 month 08.08.2013
Daewoo Securities TAYE SHIM buy 5 M 50'500 12 month 31.07.2013
Daishin Securities Co., Ltd. CHOI JUNG-WOOK buy 5 M 51'000 12 month 31.07.2013
Tong Yang Investment Bank SUNG BYUNG-SOO buy 5 M 46'000 12 month 31.07.2013
Hanwha Securities Co., Ltd KYU-SUN SHIM buy 5 M 50'300 6 month 31.07.2013
KIWOOM Securities Co Ltd SEO YOUNG-SOO market perform 3 M 41'000 6 month 31.07.2013
E*Trade Securities Korea HA HAKSOO market perform 3 M 38'400 12 month 31.07.2013
Morgan Stanley JOON SEOK Overwt/In-Line 5 M 45'000 12 month 30.07.2013
Shinyoung Securities Co., Ltd. IM IL-SUNG buy 5 M 49'000 12 month 30.07.2013
Macquarie CHAN HWANG outperform 5 M 46'000 12 month 30.07.2013
CIMB DAEHYUN KIM outperform 5 M 52'000 12 month 30.07.2013
Nomura MICHAEL NA buy 5 M 44'000 Not Provided 30.07.2013
Dongbu Securities Co Ltd LEE BYUNG-GUN buy 5 M 47'900 12 month 25.06.2013
Daiwa Securities Co. Ltd. CHANG-HEE LEE hold 3 M 39'000 Not Provided 14.06.2013
BNP Paribas Equity Research TEAM COVERAGE hold 3 M 41'100 12 month 08.06.2013
EVA Dimensions DOUG WALTERS buy 5 M #N/A N/A Not Provided 06.06.2013
UBS SCOTT LEE neutral 3 M 41'000 12 month 20.05.2013
LIG Investment Securities SOHN JOON-BEOM buy 5 M 54'000 12 month 17.04.2013
Leading Investment & Securities BAE JUNG-HYUN buy 5 N 50'000 12 month 15.04.2013
Meritz Securities Co., Ltd JUN JAE-GON buy 5 N 50'900 6 month 01.11.2012
Kyobo Securities HWANG SEOK-KYU buy 5 M 54'000 6 month 12.03.2012
Holdings By:
Shinhan Financial Group Co Ltd
All
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
18. 27.09.2013
Kia Motors Corporation manufactures, sells, and exports passenger cars,
mini-buses, trucks and commercial vehicles. The Company also manufactures
auto-parts and tools using hybrid electric and fuel cell technology.
Latest Fiscal Year: 12/2012
LTM as of: 06/yy
52-Week High (04.10.2012) 73'000.00
52-Week Low (28.01.2013) 47'850.00
Daily Volume
65700
52-Week High % Change -10.00% Dividend Yield 0.99
52-Week Low % Change 37.30% Beta 0.97
% 52 Week Price Range High/Low 73.76% Equity Float 234.96
Shares Out 30.06.2013 405.4 Short Int -
26'632'372.00 1 Yr Total Return -4.80%
Total Debt 3'018'853.00 YTD Return 16.28%
Preferred Stock 0.0 Adjusted BETA 0.972
Minority Interest 0.0 Analyst Recs 46
Cash and Equivalents 3'141'286.00 Consensus Rating 4.826
Enterprise Value 25'128'453.90
Average Volume 5 Day 1'229'599
000270 KS EQUITY YTD Change - Average Volume 30 Day 1'236'496
000270 KS EQUITY YTD % CHANGE - Average Volume 3 Month 1'323'682
LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2008 31.12.2009 31.12.2010 31.12.2011 31.12.2012 06/yy 06/yy 12/13 Y 12/14 Y 09/13 Q3 12/13 Q4
16'382'231.0 18'415'739.0 23'222'969.0 27'742'277.0 28'007'913.0 ######### ######### ######### ######### ######### #########
0.43x 0.57x 0.95x 1.01x 0.81x 4.07x 3.49x - - - -
1'023'733.0 1'827'909.0 2'402'792.0 2'597'837.0 2'382'062.0 ######### ######### - - - -
6.85x 5.70x 9.21x 10.77x 9.55x 11.08x 10.08x - - - -
113'784.0 1'450'260.0 1'420'636.0 1'804'842.0 2'136'797.0 ######### ######### ######### - 983'000.0 #########
19.97x 5.08x 13.96x 14.72x 10.70x 13.84x 10.86x 6.70x 6.33x - -
EBITDA 2'382'062.00 Long-Term Rating Date 20.03.2012
EBIT 1'645'332.00 Long-Term Rating BBB+
Operating Margin 5.87% Long-Term Outlook STABLE
Pretax Margin 9.32% Short-Term Rating Date -
Return on Assets 8.93% Short-Term Rating -
Return on Common Equity 15.27%
Return on Capital 12.76% EBITDA/Interest Exp. 22.92
Asset Turnover 1.17% (EBITDA-Capex)/Interest Exp. 12.18
Net Debt/EBITDA -0.05
Gross Margin 20.9% Total Debt/EBITDA 1.27
EBITDA Margin 8.5%
EBIT Margin 5.9% Total Debt/Equity 20.2%
Net Income Margin 7.6% Total Debt/Capital 16.8%
Asset Turnover 1.17
Current Ratio 1.04 Net Fixed Asset Turnover 3.98
Quick Ratio 0.77 Accounts receivable turnover-days 28.43
Debt to Assets 12.33% Inventory Days 19.72
Tot Debt to Common Equity 20.22% Accounts Payable Turnover Day 55.14
Accounts Receivable Turnover 12.87 Cash Conversion Cycle -6.99
Inventory Turnover 18.56
Fiscal Year Ended
Kia Motors Corp
Price/Volume
Valuation Analysis
1'104'241.00
Current Price (9/dd/yy) Market Data
Net Income
P/E
Market Capitalization
Average Daily Trading Volume
Relative Stock Price Performance
Total Revenue
TEV/Revenue
EBITDA
TEV/EBITDA
Profitability S&P Issuer Ratings
Credit Ratios
Margin Analysis
Reference
Structure
0
10000
20000
30000
40000
50000
60000
70000
80000
s-12 o-12 n-12 d-12 j-13 f-13 m-13 a-13 m-13 j-13 j-13 a-13 s-13
.0 M
1.0 M
2.0 M
3.0 M
4.0 M
5.0 M
6.0 M
0.0
5'000'000.0
10'000'000.0
15'000'000.0
20'000'000.0
25'000'000.0
30'000'000.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
0.00
2.00
4.00
6.00
8.00
10.00
12.00
02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 02.07.2012 02.01.2013 02.07.2013
Sales/Revenue/TurnoverPrice/ Cash Flow Sales/Revenue/TurnoverPrice/ Cash Flow
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |