What B2En Co., Ltd.'s (KOSDAQ:307870) P/S Is Not Telling You
May 28
South Korean (KOSPI) IT Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies44
- 7D-2.0%
- 3M-8.3%
- 1Y38.9%
- YTD-19.8%
In the last week, the IT industry is up 2.3%, with KwangmuLtd leading the way, up 41%. This takes the industry's 12 month performance to a gain of 44%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the South Korean IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | ₩27.4t | ₩27.5t | ₩1.1t | 16.1x | 24.5x | 1x |
| Fri, 26 Apr 2024 | ₩26.8t | ₩27.5t | ₩1.1t | 15.8x | 23.7x | 1x |
| Sun, 24 Mar 2024 | ₩29.6t | ₩27.5t | ₩1.1t | 19.3x | 27.1x | 1.1x |
| Tue, 20 Feb 2024 | ₩31.6t | ₩28.5t | ₩1.2t | 20.9x | 26x | 1.1x |
| Thu, 18 Jan 2024 | ₩31.9t | ₩28.7t | ₩1.2t | 22.6x | 27.1x | 1.1x |
| Sat, 16 Dec 2023 | ₩30.5t | ₩28.7t | ₩1.2t | 23.4x | 25.9x | 1.1x |
| Mon, 13 Nov 2023 | ₩28.0t | ₩29.2t | ₩1.4t | 20.1x | 19.6x | 1x |
| Wed, 11 Oct 2023 | ₩27.0t | ₩29.2t | ₩1.4t | 18.7x | 18.9x | 0.9x |
| Fri, 08 Sep 2023 | ₩31.5t | ₩29.2t | ₩1.4t | 18.6x | 22.1x | 1.1x |
| Sun, 06 Aug 2023 | ₩24.7t | ₩29.8t | ₩1.5t | 18.1x | 16.9x | 0.8x |
| Tue, 04 Jul 2023 | ₩21.1t | ₩29.8t | ₩1.5t | 18.3x | 14.5x | 0.7x |
| Thu, 01 Jun 2023 | ₩19.4t | ₩30.0t | ₩1.5t | 21.7x | 13.3x | 0.6x |
| Sat, 29 Apr 2023 | ₩18.9t | ₩30.2t | ₩1.4t | 26.2x | 13.6x | 0.6x |
| Mon, 27 Mar 2023 | ₩17.9t | ₩30.2t | ₩1.4t | 26.3x | 13.1x | 0.6x |
| Wed, 22 Feb 2023 | ₩30.4t | ₩33.9t | ₩1.3t | 27.6x | 22.8x | 0.9x |
| Fri, 20 Jan 2023 | ₩29.0t | ₩33.9t | ₩1.3t | 18.1x | 21.6x | 0.9x |
| Sun, 18 Dec 2022 | ₩28.9t | ₩34.2t | ₩1.3t | 16.9x | 21.4x | 0.8x |
| Tue, 15 Nov 2022 | ₩29.7t | ₩33.0t | ₩1.1t | 16.1x | 26.3x | 0.9x |
| Thu, 13 Oct 2022 | ₩24.3t | ₩32.9t | ₩1.1t | 14.8x | 21.5x | 0.7x |
| Sat, 10 Sep 2022 | ₩29.4t | ₩32.9t | ₩1.1t | 17x | 25.8x | 0.9x |
| Mon, 08 Aug 2022 | ₩32.0t | ₩31.3t | ₩1.0t | 16x | 31.2x | 1x |
| Wed, 06 Jul 2022 | ₩29.5t | ₩31.3t | ₩1.0t | 14.8x | 28.7x | 0.9x |
| Fri, 03 Jun 2022 | ₩38.5t | ₩31.9t | ₩1.1t | 17.4x | 36.2x | 1.2x |
| Sun, 01 May 2022 | ₩40.2t | ₩30.2t | ₩1.0t | 17.6x | 38.7x | 1.3x |
| Tue, 29 Mar 2022 | ₩42.8t | ₩29.7t | ₩998.4b | 19.5x | 42.9x | 1.4x |
| Thu, 24 Feb 2022 | ₩42.4t | ₩27.5t | ₩1.0t | 16.5x | 40.5x | 1.5x |
| Sat, 22 Jan 2022 | ₩45.5t | ₩27.5t | ₩1.1t | 18.4x | 43.3x | 1.7x |
| Mon, 20 Dec 2021 | ₩50.7t | ₩27.5t | ₩1.1t | 19.2x | 48.2x | 1.8x |
| Wed, 17 Nov 2021 | ₩47.9t | ₩26.5t | ₩1.1t | 21.5x | 45.3x | 1.8x |
| Fri, 15 Oct 2021 | ₩27.3t | ₩26.5t | ₩1.1t | 21.9x | 25.9x | 1x |
| Sun, 12 Sep 2021 | ₩27.0t | ₩27.2t | ₩1.1t | 23.6x | 25.6x | 1x |
| Tue, 10 Aug 2021 | ₩29.2t | ₩27.2t | ₩1.1t | 24.8x | 27.5x | 1.1x |
Price to Earnings Ratio
26.9x
Current Industry PE
- Investors are relatively neutral on the South Korean IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 26.7x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the South Korean Tech industry?
| KR Market | 0.051% | |
| Tech | 0.47% | |
| IT | -2.04% | |
| Internet Services and Infrastructure | 0.25% | |
| Data Processing Services | -0.21% | |
| IT Consulting | -2.11% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 96.9%, which is higher than its past year's earnings decline of 2.2% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.6x.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 97% over the next 5 years.
- This is better than its past earnings decline of 2.2% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A029480 KwangmuLtd | ₩6.03k | 63.0% +₩111.5b | 70.8% | PE39.6x | |
| A298830 Suresofttech | ₩6.95k | 26.1% +₩75.2b | -36.2% | PE103.8x | |
| A351330 ISAAC EngineeringLtd | ₩17.87k | 34.4% +₩37.9b | 78.7% | PS1.5x | |
| A307950 Hyundai Autoever | ₩152.10k | 0.6% +₩24.7b | 23.7% | PE31.6x | |
| A307870 B2En | ₩1.76k | 32.9% +₩14.8b | -16.6% | PS1.9x |
