Kumho Tire Co Inc revenue decreased on 7.4%
17 Feb 2020 • About Kumho Tire Co Inc (
$KHTC) • By InTwits
Kumho Tire Co Inc reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Kumho Tire Co Inc is a company in decline: FY2019 revenue growth was -7.4%, 5 years revenue CAGR was -7.2%
- It operates with medium-size leverage: Net Debt/EBITDA is 3.8x while industry average is 3.9x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 7.4%.
Management team
Kumho Tire Co Inc's CEO is Jeon Dae-Jin. Jeon Dae-Jin is a founder and has 1 year tenure with the company.
Financial and operational results
FY ended 30 Nov -0001
Kumho Tire Co Inc ($KHTC) key annual financial indicators| mln. KRW | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 3,040,407 | 2,947,228 | 2,876,420 | 2,558,682 | 2,369,199 | -7.4% |
| Gross Profit | 775,315 | 745,476 | 461,300 | 388,174 | | |
| SG&A | 609,858 | 595,751 | 591,816 | 445,499 | | |
| EBITDA | 340,496 | 344,227 | 64,646 | 143,316 | | |
| EBIT | | | | -78,850 | | |
| Interest expence | | | | 114,543 | | |
| Tax | | | | 1,030 | | |
| Net Income | -69,366 | -36,049 | -124,832 | -174,223 | | |
Balance Sheet
|
|---|
| Cash | 243,881 | 163,518 | 152,031 | 271,834 | | |
| Inventory | | | | 458,636 | | |
| Accounts Payable | | | | 278,541 | | |
| Short Term Debt | 1,697,475 | 1,586,374 | 1,551,772 | 591,508 | | |
| Long Term Debt | 1,083,073 | 1,146,770 | 852,431 | 1,344,730 | | |
Cash flow
|
|---|
| Capex | 675,758 | 365,465 | 289,852 | 158,816 | | |
Ratios
|
|---|
| Revenue growth | -11.6% | -3.1% | -2.4% | -11.0% | -7.4% | |
| EBITDA growth | -37.5% | 1.1% | -81.2% | 121.7% | | |
|
|---|
| Gross Margin | 25.5% | 25.3% | 16.0% | 15.2% | | |
| EBITDA Margin | 11.2% | 11.7% | 2.2% | 5.6% | |
| EBIT Margin | | | | -3.1% | |
| SG&A, % of revenue | 20.1% | 20.2% | 20.6% | 17.4% | | |
| Net Income Margin | -2.3% | -1.2% | -4.3% | -6.8% | |
| CAPEX, % of revenue | 22.2% | 12.4% | 10.1% | 6.2% | | |
|
|---|
| ROIC | 3.6% | 3.1% | -4.5% | -2.5% | | |
| ROE | -5.9% | -3.2% | -12.1% | -14.7% | | |
| Net Debt/EBITDA | 7.4x | 7.5x | 34.8x | 11.6x | |
| Interest expence / Average debt | | | | 5.9% | | |
Peers in Automobiles & Parts
Below we provide Kumho Tire Co Inc benchmarking against other companies in Automobiles & Parts industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 6.0% | 4.3% | -2.8% | 6.5% | |
| Hyundai Motor Co ($HYUD) | | 1.8% | 2.9% | 0.5% | 9.3% |
| |
|---|
| Median (2 companies) | 6.0% | 3.1% | 0.0% | 3.5% | 9.3% |
|---|
| Kumho Tire Co Inc ($KHTC) | | -3.1% | -2.4% | -11.0% | -7.4% |
Top companies by Gross margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 19.8% | 20.4% | 17.6% | 18.7% | |
| Hyundai Motor Co ($HYUD) | 19.9% | 18.9% | 18.2% | 15.6% | |
| |
|---|
| Median (2 companies) | 19.8% | 19.7% | 17.9% | 17.2% | |
|---|
| Kumho Tire Co Inc ($KHTC) | 25.5% | 25.3% | 16.0% | 15.2% | |
Top companies by EBITDA margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 15.3% | 15.8% | 13.1% | 14.1% | |
| Hyundai Motor Co ($HYUD) | 10.0% | 9.1% | 8.4% | 6.4% | |
| |
|---|
| Median (2 companies) | 12.6% | 12.5% | 10.7% | 10.2% | |
|---|
| Kumho Tire Co Inc ($KHTC) | 11.2% | 11.7% | 2.2% | 5.6% | |
Top companies by CAPEX/Revenue, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 4.2% | 4.5% | 4.4% | 4.4% | |
| Hyundai Motor Co ($HYUD) | 8.9% | 3.2% | 3.2% | 3.3% | |
| |
|---|
| Median (2 companies) | 6.5% | 3.8% | 3.8% | 3.9% | |
|---|
| Kumho Tire Co Inc ($KHTC) | 22.2% | 12.4% | 10.1% | 6.2% | |
Top companies by ROIC, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 7.5% | 7.3% | 5.1% | 6.0% | |
| Hyundai Motor Co ($HYUD) | 4.9% | 3.6% | 3.1% | 1.6% | |
| |
|---|
| Median (2 companies) | 6.2% | 5.5% | 4.1% | 3.8% | |
|---|
| Kumho Tire Co Inc ($KHTC) | 3.6% | 3.1% | -4.5% | -2.5% | |
Top companies by Net Debt / EBITDA
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Hyundai Motor Co ($HYUD) | 6.3x | 7.7x | 7.8x | 10.4x | |
| Toyota Motor Corp ($TYT) | 4.0x | 3.4x | 4.5x | 3.9x | |
| |
|---|
| Median (2 companies) | 5.2x | 5.5x | 6.1x | 7.2x | |
|---|
| Kumho Tire Co Inc ($KHTC) | 7.4x | 7.5x | 34.8x | 11.6x | |
