MegaStudyEdu Co. Ltd (KOSDAQ: 215200)

MegaStudyEdu Co. Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	933,987	935,225	835,953	703,869	474,717	437,346
Other Revenue	-0	-0	-0	-	-	-
Revenue	933,987	935,225	835,953	703,869	474,717	437,346
Revenue Growth (YoY)	5.22%	11.88%	18.77%	48.27%	8.54%	22.56%
Cost of Revenue	407,326	409,422	363,357	317,468	214,618	188,822
Gross Profit	526,661	525,803	472,596	386,401	260,099	248,524
Selling, General & Admin	341,032	328,166	280,291	238,153	181,605	152,647
Research & Development	-	-	-	-	58.25	278.55
Other Operating Expenses	6,204	5,670	4,692	5,314	4,581	3,907
Operating Expenses	413,797	398,362	337,206	287,393	227,283	188,888
Operating Income	112,864	127,441	135,390	99,007	32,816	59,636
Interest Expense	-5,317	-5,826	-3,410	-2,655	-2,189	-1,121
Interest & Investment Income	5,984	3,825	4,100	1,637	1,154	1,151
Earnings From Equity Investments	-279.47	672.22	21.6	-128.56	50.21	-
Other Non Operating Income (Expenses)	5,305	5,453	1,611	3,870	-1,590	1,169
EBT Excluding Unusual Items	118,556	131,564	137,712	101,730	30,241	60,836
Gain (Loss) on Sale of Investments	-879.68	-1,104	279.04	10,385	1,364	1,106
Gain (Loss) on Sale of Assets	-2,823	-1,379	-942.03	-416.03	-382.16	-745.22
Asset Writedown	-3,348	-2,142	-2,741	-2,491	-2,698	51.29
Pretax Income	111,505	126,938	134,308	109,208	28,524	61,248
Income Tax Expense	27,409	31,145	34,751	27,663	7,530	12,821
Earnings From Continuing Operations	84,095	95,793	99,557	81,545	20,994	48,427
Minority Interest in Earnings	-2,065	-1,188	4,040	-382.71	490.82	-1,403
Net Income	82,030	94,606	103,598	81,162	21,485	47,025
Net Income to Common	82,030	94,606	103,598	81,162	21,485	47,025
Net Income Growth	-20.62%	-8.68%	27.64%	277.76%	-54.31%	15.11%
Shares Outstanding (Basic)	11	12	12	12	12	12
Shares Outstanding (Diluted)	11	12	12	12	12	12
Shares Change (YoY)	-2.83%	-1.08%	0.01%	0.27%	0.54%	-0.20%
EPS (Basic)	7191.81	8117.57	8793.38	6892.57	1830.74	4034.79
EPS (Diluted)	7191.64	8117.57	8793.00	6890.00	1829.00	4024.00
EPS Growth	-18.31%	-7.68%	27.62%	276.71%	-54.55%	15.33%
Free Cash Flow	142,312	112,908	76,277	164,903	80,229	33,977
Free Cash Flow Per Share	12476.93	9688.02	6474.37	13997.98	6828.96	2907.82
Dividend Per Share	2000.000	2000.000	-	-	750.000	1100.000
Dividend Growth	-	-	-	-	-31.82%	29.41%
Gross Margin	56.39%	56.22%	56.53%	54.90%	54.79%	56.83%
Operating Margin	12.08%	13.63%	16.20%	14.07%	6.91%	13.64%
Profit Margin	8.78%	10.12%	12.39%	11.53%	4.53%	10.75%
Free Cash Flow Margin	15.24%	12.07%	9.12%	23.43%	16.90%	7.77%
EBITDA	193,332	205,237	207,289	160,605	85,956	101,668
EBITDA Margin	20.70%	21.95%	24.80%	22.82%	18.11%	23.25%
D&A For EBITDA	80,468	77,797	71,899	61,598	53,140	42,032
EBIT	112,864	127,441	135,390	99,007	32,816	59,636
EBIT Margin	12.08%	13.63%	16.20%	14.07%	6.91%	13.64%
Effective Tax Rate	24.58%	24.54%	25.87%	25.33%	26.40%	20.93%
Advertising Expenses	-	78,443	71,765	63,216	42,553	30,689

Source: S&P Capital IQ. Standard template. Financial Sources.