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Changhae Ethanol Co Ltd
KOSDAQ:004650

Watchlist Manager
Changhae Ethanol Co Ltd
KOSDAQ:004650
Watchlist
Price: 9 980 KRW -0.3% Market Closed
Market Cap: ₩75.7B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+14%
5Y
-10%
10Y
-47%
Operating Income
+
3Y
+40%
5Y
+13%
10Y
-40%
Net Income
+
3Y
+120%
5Y
-41%
10Y
+11%

Earnings Waterfall
Changhae Ethanol Co Ltd

Income Statement
Changhae Ethanol Co Ltd

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Income Statement
Currency: KRW
Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
2 726
0
1 337
0
4 835
0
834
1 557
3 108
2 815
2 577
2 687
3 126
3 864
4 436
4 526
4 506
4 388
4 510
4 878
5 100
5 206
4 892
4 618
5 485
4 608
4 028
3 336
1 405
1 258
1 153
1 061
1 041
1 030
1 051
1 222
1 479
1 662
1 876
1 990
2 053
2 151
2 203
2 179
2 076
1 941
0
0
Revenue
136 226
N/A
167 819
+23%
195 615
+17%
228 536
+17%
235 205
+3%
233 823
-1%
232 298
-1%
228 164
-2%
227 496
0%
224 115
-1%
215 401
-4%
224 224
+4%
212 584
-5%
211 521
-1%
217 558
+3%
213 060
-2%
216 935
+2%
207 482
-4%
199 221
-4%
198 561
0%
195 358
-2%
195 688
+0%
196 529
+0%
192 042
-2%
187 284
-2%
175 060
-7%
157 120
-10%
133 275
-15%
114 660
-14%
108 040
-6%
103 619
-4%
98 617
-5%
96 991
-2%
98 690
+2%
100 591
+2%
106 189
+6%
109 430
+3%
109 547
+0%
110 765
+1%
114 628
+3%
116 423
+2%
117 037
+1%
131 812
+13%
137 698
+4%
137 452
0%
138 355
+1%
126 978
-8%
120 574
-5%
Gross Profit
Cost of Revenue
(108 439)
(128 073)
(140 431)
(159 099)
(167 869)
(164 441)
(162 933)
(158 857)
(155 595)
(151 205)
(143 445)
(152 213)
(144 087)
(150 247)
(158 192)
(154 927)
(158 152)
(146 048)
(144 094)
(144 268)
(141 078)
(142 656)
(140 267)
(137 458)
(150 372)
(143 968)
(133 916)
(115 380)
(85 710)
(79 680)
(73 702)
(72 102)
(73 388)
(76 479)
(80 016)
(85 951)
(91 134)
(93 717)
(92 873)
(92 436)
(92 193)
(90 042)
(102 699)
(109 225)
(109 758)
(110 061)
(99 930)
(94 566)
Gross Profit
27 787
N/A
39 746
+43%
55 184
+39%
69 437
+26%
67 337
-3%
69 382
+3%
69 365
0%
69 307
0%
71 901
+4%
72 910
+1%
71 957
-1%
72 013
+0%
68 498
-5%
61 276
-11%
59 368
-3%
58 134
-2%
58 783
+1%
61 436
+5%
55 127
-10%
54 293
-2%
54 280
0%
53 031
-2%
56 262
+6%
54 584
-3%
36 912
-32%
31 092
-16%
23 204
-25%
17 896
-23%
28 949
+62%
28 361
-2%
29 918
+5%
26 515
-11%
23 603
-11%
22 211
-6%
20 575
-7%
20 238
-2%
18 296
-10%
15 830
-13%
17 891
+13%
22 192
+24%
24 230
+9%
26 995
+11%
29 112
+8%
28 473
-2%
27 695
-3%
28 295
+2%
27 048
-4%
26 008
-4%
Operating Income
Operating Expenses
(19 067)
(27 608)
(36 637)
(47 170)
(45 658)
(45 940)
(46 009)
(45 404)
(49 543)
(54 781)
(58 918)
(62 336)
(60 665)
(57 090)
(53 329)
(55 992)
(46 629)
(49 007)
(44 870)
(43 604)
(43 821)
(51 825)
(37 253)
(36 200)
(32 337)
(16 209)
(21 584)
(5 119)
(9 515)
(9 835)
(10 142)
(10 605)
(9 502)
(9 049)
(8 766)
(9 920)
(8 527)
(8 722)
(8 778)
(8 949)
(9 646)
(22 156)
(10 871)
(10 911)
(10 314)
(10 963)
(11 271)
(11 579)
Selling, General & Administrative
(16 434)
(24 455)
(33 317)
(43 518)
(41 765)
(42 003)
(42 346)
(42 011)
(46 374)
(51 763)
(55 065)
(58 032)
(55 902)
(52 301)
(48 526)
(43 971)
(42 062)
(40 386)
(40 647)
(39 573)
(39 945)
(36 811)
(32 787)
(31 227)
(27 477)
(22 492)
(17 674)
(12 508)
(7 280)
(7 802)
(8 076)
(8 381)
(7 581)
(7 152)
(6 896)
(6 503)
(6 590)
(6 776)
(6 857)
(7 061)
(7 819)
(7 920)
(8 023)
(8 118)
(8 408)
(8 807)
(9 065)
(9 250)
Research & Development
(1 592)
(1 666)
(1 708)
(1 824)
(1 789)
(1 973)
(1 887)
(1 805)
(1 583)
(1 726)
(1 854)
(1 931)
(2 453)
(2 397)
(2 352)
(2 362)
(2 109)
(1 949)
(1 868)
(1 713)
(1 633)
(1 728)
(1 730)
(1 866)
(1 997)
(1 881)
(1 693)
(1 421)
(780)
(618)
(658)
(626)
(531)
(514)
(498)
(506)
(526)
(535)
(516)
(458)
(406)
(386)
(360)
(351)
(373)
(350)
(358)
(394)
Depreciation & Amortization
(1 041)
(1 486)
(1 611)
(1 826)
(2 104)
(1 964)
(1 776)
(1 588)
(1 586)
(1 734)
(1 999)
(2 373)
(2 311)
(2 391)
(2 450)
(2 438)
(2 458)
(2 433)
(2 356)
(2 319)
(2 242)
(2 312)
(2 484)
(2 630)
(2 864)
(2 588)
(2 219)
(1 880)
(1 454)
(1 450)
(1 442)
(1 406)
(1 390)
(1 382)
(1 372)
(1 367)
(1 410)
(1 412)
(1 405)
(1 431)
(1 421)
(1 446)
(1 486)
(1 515)
(1 533)
(1 579)
(1 620)
(1 708)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
442
0
0
0
0
0
(7 221)
0
(4 239)
0
0
0
(10 974)
(252)
(477)
0
10 752
0
10 690
0
35
34
(192)
0
0
0
(1 543)
0
0
0
0
0
(12 404)
(1 002)
(927)
0
(227)
(227)
(227)
Operating Income
8 720
N/A
12 139
+39%
18 548
+53%
22 268
+20%
21 678
-3%
23 444
+8%
23 358
0%
23 904
+2%
22 358
-6%
18 129
-19%
13 039
-28%
9 676
-26%
7 832
-19%
4 186
-47%
6 038
+44%
2 142
-65%
12 155
+467%
12 427
+2%
10 257
-17%
10 689
+4%
10 459
-2%
1 207
-88%
19 009
+1 475%
18 384
-3%
4 574
-75%
14 883
+225%
1 620
-89%
12 776
+689%
19 434
+52%
18 525
-5%
19 775
+7%
15 910
-20%
14 101
-11%
13 162
-7%
11 809
-10%
10 318
-13%
9 769
-5%
7 107
-27%
9 113
+28%
13 243
+45%
14 583
+10%
4 839
-67%
18 241
+277%
17 562
-4%
17 381
-1%
17 332
0%
15 777
-9%
14 430
-9%
Pre-Tax Income
Interest Income Expense
403
(1 301)
(4 139)
(2 868)
(6 725)
(5 889)
(4 124)
(4 043)
(2 969)
(2 474)
(1 766)
(516)
(1 152)
(1 845)
(2 710)
(3 107)
(2 838)
(2 880)
(2 704)
(3 491)
(2 232)
(2 420)
(1 717)
(1 754)
(3 835)
(3 058)
(3 410)
(2 583)
(994)
(490)
(439)
(659)
(855)
(1 333)
(2 035)
(2 992)
(2 401)
(2 530)
(2 559)
(1 783)
(2 522)
(2 594)
(2 191)
(2 057)
(975)
(568)
(302)
(265)
Non-Reccuring Items
13 152
0
0
0
0
0
0
0
442
0
(76)
(76)
(7 805)
(7 772)
(7 221)
0
(4 241)
0
(14 995)
(14 770)
(10 975)
0
0
0
10 751
0
10 654
0
403
47
(191)
0
(760)
(446)
(1 543)
0
(4 556)
(4 514)
(14 484)
(14 560)
(12 404)
0
0
0
(227)
0
0
0
Gain/Loss on Disposition of Assets
(1 301)
0
49
0
38
0
56
(16)
348
(49)
(119)
57
(834)
(753)
(672)
(377)
516
493
397
(22)
(330)
642
699
666
1 068
0
1
61
6
146
146
0
140
1
0
0
6
(26)
(22)
(64)
(70)
(24)
(487)
14
(430)
(438)
22
373
Total Other Income
(2 329)
8 521
9 068
10 959
1 234
2 498
1 653
(287)
515
482
332
(590)
(811)
(791)
(1 041)
(327)
(809)
(1 151)
(786)
(684)
(536)
(390)
(278)
(347)
(1 470)
(1 491)
(1 526)
(1 602)
(1 105)
(1 071)
(392)
(137)
871
823
(58)
(90)
(66)
(69)
25
16
(479)
(456)
(438)
(363)
(229)
(227)
(268)
(358)
Pre-Tax Income
18 645
N/A
19 357
+4%
23 524
+22%
30 359
+29%
16 225
-47%
20 053
+24%
20 943
+4%
19 558
-7%
20 693
+6%
16 088
-22%
11 410
-29%
8 550
-25%
(2 770)
N/A
(6 975)
-152%
(5 605)
+20%
(1 668)
+70%
4 783
N/A
8 889
+86%
(7 831)
N/A
(8 277)
-6%
(3 614)
+56%
(960)
+73%
17 713
N/A
16 948
-4%
11 089
-35%
10 334
-7%
7 340
-29%
8 654
+18%
17 745
+105%
17 156
-3%
18 900
+10%
15 114
-20%
13 498
-11%
12 207
-10%
8 174
-33%
7 236
-11%
2 752
-62%
(31)
N/A
(7 927)
-25 388%
(3 149)
+60%
(892)
+72%
1 764
N/A
15 124
+757%
15 155
+0%
15 520
+2%
16 098
+4%
15 229
-5%
14 179
-7%
Net Income
Tax Provision
1 159
404
(1 040)
(2 181)
(4 100)
(4 810)
(5 410)
(4 721)
(5 758)
(5 033)
(3 020)
(2 554)
(52)
196
9
(764)
7 306
7 249
4 602
5 158
(10 936)
(11 186)
(9 433)
(9 419)
(5 836)
(5 862)
(5 186)
(5 595)
(4 331)
(4 198)
(4 521)
(3 859)
(3 426)
(3 058)
(2 532)
(1 893)
(2 453)
(1 746)
(2 233)
(3 290)
(2 775)
(3 547)
(3 844)
(3 984)
(3 077)
(2 926)
(2 629)
(3 180)
Income from Continuing Operations
19 804
19 761
22 483
28 177
12 125
15 243
15 533
14 837
14 936
11 054
8 390
5 996
(2 822)
(6 780)
(5 597)
(2 433)
12 089
16 138
(3 230)
(3 120)
(14 550)
(12 147)
8 280
7 529
5 253
4 471
2 154
3 059
13 413
12 959
14 378
11 255
10 072
9 148
5 642
5 343
299
(1 777)
(10 160)
(6 439)
(3 667)
(1 783)
11 280
11 171
12 443
13 172
12 599
10 999
Income to Minority Interest
4 911
4 666
4 405
3 581
(3 290)
(5 118)
(4 812)
(4 732)
(3 434)
(1 038)
68
1 339
4 506
3 627
2 267
1 355
(7 091)
(6 145)
7 900
7 656
18 267
17 232
2 959
3 297
14 833
15 447
15 847
15 765
(413)
(381)
(340)
(293)
(230)
(184)
(212)
(248)
(222)
(297)
(254)
(275)
(173)
(60)
1
105
75
101
149
185
Net Income (Common)
24 716
N/A
24 427
-1%
26 889
+10%
31 760
+18%
8 835
-72%
10 125
+15%
10 721
+6%
10 104
-6%
11 501
+14%
10 017
-13%
8 457
-16%
7 333
-13%
1 684
-77%
(3 155)
N/A
(3 331)
-6%
(1 078)
+68%
4 998
N/A
9 993
+100%
4 670
-53%
4 536
-3%
3 717
-18%
5 085
+37%
11 238
+121%
10 825
-4%
20 085
+86%
19 917
-1%
18 000
-10%
18 823
+5%
13 000
-31%
12 577
-3%
14 039
+12%
10 963
-22%
9 842
-10%
8 964
-9%
5 430
-39%
5 095
-6%
78
-98%
(2 074)
N/A
(10 414)
-402%
(6 713)
+36%
(3 840)
+43%
(1 842)
+52%
11 281
N/A
11 276
0%
12 518
+11%
13 274
+6%
12 748
-4%
11 184
-12%
EPS (Diluted)
4 943.2
N/A
4 885.39
-1%
5 377.8
+10%
5 293.33
-2%
1 472.5
-72%
1 265.62
-14%
1 340.12
+6%
1 263
-6%
1 437.62
+14%
1 252.12
-13%
1 057.12
-16%
916.62
-13%
210.5
-77%
-394.37
N/A
-416.37
-6%
-134.75
+68%
384.46
N/A
1 249.12
+225%
583.75
-53%
567
-3%
95.3
-83%
635.62
+567%
1 404.75
+121%
1 353.12
-4%
2 510.62
+86%
2 489.62
-1%
2 571.42
+3%
2 352.87
-8%
1 625
-31%
1 657.64
+2%
1 850.25
+12%
1 444.84
-22%
1 297.12
-10%
1 181.49
-9%
715.67
-39%
671.46
-6%
10.22
-98%
-273.35
N/A
-1 372.55
-402%
-884.8
+36%
-506.17
+43%
-242.83
+52%
1 486.84
N/A
1 486.15
0%
1 649.81
+11%
1 747.63
+6%
1 680.18
-4%
1 474
-12%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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