< >
2001
2002
2003
2004
2005 ݱ
348,104
354,338
447,292
528,132
303,589
30,575
31,319
36,106
38,072
42,621
36,197
32,491
36,546
39,059
44,542
23,277
23,530
24,983
26,794
32,229
ROE
48.6%
22.8%
20.4%
18.7%
39.0%
ä
81.8%
115.0%
102.1%
108.9%
103.4%
KCCǼ KCC ȸμ
KCC 46%, KCC ȸ 15%, Ƶ 15%
ϰ ־ 76% ſ 빰 ̴.
ų ϰ ÷ȴٴ° Ưϴ. Ǽ ħ
Ͽµ ̷ ΰ 濵 źźϰ 濵ö ̸
Ϻ Ȱϰ κе ִ .
Ǽ ټ ־ þٴ ͵ δ.
Ư ROE 20% μ Ǽ ħ ȿ̰
Ѱ λ̴.
ٸ ֱ ݱ ۳ ȸϴ ͼ ־.
Ͼΰ.. ñ û ȭ̴.
< ܰ >
2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 9,158 10,057 11,923 11,219 11,219 14,519 16,719 ű 3,430 5,174 3,117 4,377 8,400 8,400 9,400 2,531 3,308 3,821 2,300 5,100 6,200 7,500 ⸻ 10,057 11,923 11,219 13,296 14,519 16,719 18,619 νķ 25.7% 29.8% 30.5% 39.5% 39.5% 38.3% 40.3% о 2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 1,076 2,476 2,129 1,917 1,917 817 1,317 ű 2,188 623 1,152 -11 0 1,000 1,000 788 970 1,364 679 1,100 500 700 ⸻ 2,476 2,129 1,917 1,227 817 1,317 1,617 νķ 52.1% 37.3% 57.8% 70.9% 57.4% 49.2% 46.1% ö 2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 223 194 95 55 110 100 90 հ 2002 2003 2004 2005() 2005 2006 2007 10,234 12,533 14,052 13,136 13,136 15,336 18,036 ű 5,618 5,797 4,269 4,366 8,400 9,400 10,400 3,319 4,278 5,185 2,979 6,200 6,700 8,200 ⸻ 12,533 14,052 13,136 14,523 15,336 18,036 20,236 νķ 29.2% 31.2% 34.8% 43.9% 41.8% 38.9% 40.8% / 3.8 3.3 2.5 2.4 2.5 2.7 2.5
ް о еǸ ö Ϻ ִ.
2005 ݱ δ 76%, о 22%, ö 2% Ǿ .
űԼִ ǼⰡ ߴ 2004 3,100 Ը ٱ 2005 ݱ ι ΰ ȸ Ծ 4,377 ָ Ͽ.
ȸ 8,400 űԼָ ǥ ϰ ִ ̸ ľǵȴ.
ٸ ȭ ɼ ְ ð ȮǼ ְ ü δ. KCCǼ 濵ɷ Ͽ 2006 2005 8,400, 2007 9,400 űԼָ غҴ.
о Ư űԼ ũ. 2002 2,188 ְġ 2003 2004 623, 1,152 ȭǾٰ 2005 ݱ Ÿ ִ.
2005 ְ ٰ о غ߿ ִ Ͽ 2006 Ŀ ų 1,000 оָ Ͽ.
< ó >
2002 2003 2004 2005() 2005 2006 2007 () 2,531 3,308 3,821 2,300 5,100 6,200 7,500 (о) 788 970 1,364 679 1,100 500 700 (ö) 223 194 95 55 110 100 90 () 3,542 4,472 5,280 3,034 6,310 6,800 8,290 () 2,194 2,927 3,449 1,989 4,412 5,394 6,563 (о) 705 852 1,193 481 779 370 532 (ö) 200 176 82 51 102 93 84 () 2,899 3,779 4,642 2,470 5,292 5,857 7,178 ǰ 129 155 175 87 183 190 224 514 538 463 477 835 753 888
2002 2003 2004 2005() 2006 2007 () 86.7% 88.5% 90.3% 86.5% 86.5% 87.0% 87.5% о() 89.5% 87.8% 87.5% 70.8% 70.8% 74.0% 76.0% ö() 89.7% 90.7% 86.3% 92.7% 92.7% 93.0% 93.0% () 87.5% 88.4% 89.5% 83.1% 83.9% 86.1% 86.6% ͷ 12.5% 11.6% 10.5% 16.9% 16.1% 13.9% 13.4% ǰ 3.6% 3.5% 3.3% 2.9% 2.9% 2.8% 2.7% ͷ 8.9% 8.1% 7.2% 14.0% 13.2% 11.1% 10.7% 514 538 463 477 835 753 888 324 365 390 445 235 249 267 322 568 519 622 / 45.7% 46.3% 57.7% 67.5% 68.0% 69.0% 70.0%
87~89% ų ݾ ̴ٰ 2005 ݱ 83% ް ϶Ͽ. ȵٰ Ư о ͼ Ǿ. ̴ ü Ʈ о ȣ 2002 о 2005߿ ϰǸ鼭 ʿ ϰ Ǵ ȿ ȴ. ް߿ 縦 Ʈ翡 ǾŶ δ.
2006 ް ټ ϴ , о 76.0% ر Ͽ. ް ͼ ϴ ū ̳ о 70% Ĺݴ ִ. ʾұ ʴ 縦 Ͽ.
̿ ͷ 13% ̳ ͷ 10% δ. ġ 3Ⱓ 8% غٴ ̴.
缺 22.1% 23.2% 21.6% 20.4% 22.3% 23.3% 116 116 145 ֽļ 5.8 5.8 5.8 ִ 900 1,000 1,000 2,000 2,000 2,500 267 322 568 519 622 (10.11 ) 26,200 1,520 1,520 1,520 1,520 1,520 ֽļ 5.8 ںѰ 1,512 1,787 2,033 2,436 2,941 PER 2.7 2.9 2.4 PBR 0.75 0.62 0.52 ROE 27.9% 21.3% 21.1% ͷ 7.6% 7.6% 9.5%
ų 20% 缺 , ̴ ٴ 繫 ڰ ũ 䱸 ʴ Ǽ Ư ̴. ̷ 缺 Ŷ ° ո ̴.
̿ ι ϴ 2005 1,500 ~ 2,000 ȴ. 2,000 ְ ͷ 7.6% ̸, Ŀ ͱԸ ū Ұ ƴ ̻ 2,000 ̻ ߿ Ȯ ̴.
ġ ָ ټ óε, ְ PER 2 Ĺ ̰, 3 PBR 0.5 ȴ. Ư ROE ٴ ϶ϰ ó 20% δ.
< ó >
2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 9,158 10,057 11,923 11,219 11,219 14,219 13,919 ű 3,430 5,174 3,117 4,377 8,000 5,000 6,000 2,531 3,308 3,821 2,300 5,000 5,300 5,400 ⸻ 10,057 11,923 11,219 13,296 14,219 13,919 14,519 νķ 25.7% 29.8% 30.5% 39.5% 39.0% 34.8% 35.7% о 2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 1,076 2,476 2,129 1,917 1,917 817 1,317 ű 2,188 623 1,152 -11 0 1,000 1,000 788 970 1,364 679 1,100 500 700 ⸻ 2,476 2,129 1,917 1,227 817 1,317 1,617 νķ 52.1% 37.3% 57.8% 70.9% 57.4% 49.2% 46.1% ö 2002 2003 2004 2005() 2005(E) 2006(E) 2007(E) 223 194 95 55 110 100 90 հ 2002 2003 2004 2005() 2005 2006 2007 10,234 12,533 14,052 13,136 13,136 15,036 15,236 űԼ 5,618 5,797 4,269 4,366 8,000 6,000 7,000 3,319 4,278 5,185 2,979 6,100 5,800 6,100 ⸻ 12,533 14,052 13,136 14,523 15,036 15,236 16,136
2002 2003 2004 2005() 2005 2006 2007 () 2,531 3,308 3,821 2,300 5,000 5,300 5,400 (о) 788 970 1,364 679 1,100 500 700 (ö) 223 194 95 55 110 100 90 () 3,542 4,472 5,280 3,034 6,210 5,900 6,190 () 2,194 2,927 3,449 1,989 4,325 4,611 4,725 (о) 705 852 1,193 481 779 370 532 (ö) 200 176 82 51 102 93 84 () 3,099 3,955 4,724 2,521 5,206 5,074 5,341 ǰ 129 155 175 87 180 165 167 314 362 381 426 824 661 682 2002 2003 2004 2005() 2006 2007 () 86.7% 88.5% 90.3% 86.5% 86.5% 87.0% 87.5% о() 89.5% 87.8% 87.5% 70.8% 70.8% 74.0% 76.0% ö() 89.7% 90.7% 86.3% 92.7% 92.7% 93.0% 93.0% () 87.5% 88.4% 89.5% 83.1% 83.8% 86.0% 86.3% ͷ 12.5% 11.6% 10.5% 16.9% 16.2% 14.0% 13.7% ǰ 3.6% 3.5% 3.3% 2.9% 2.9% 2.8% 2.7% ͷ 8.9% 8.1% 7.2% 14.0% 13.3% 11.2% 11.0% 314 362 381 426 824 661 682 324 365 390 445 235 249 267 322 560 456 478 / 74.8% 68.8% 70.1% 75.6% 68.0% 69.0% 70.0%
缺 22.1% 23.2% 21.6% 20.7% 25.4% 24.3% 116 116 116 ֽļ 5.8 5.8 5.8 ִ 900 1,000 1,000 2,000 2,000 2,000 267 322 560 456 478 26,200 1,520 1,520 1,520 1,520 1,520 ֽļ 5.8 ںѰ 1,512 1,787 2,025 2,365 2,727 PER 2.7 3.3 3.2 PBR 0.75 0.64 0.56 ROE 27.7% 19.3% 17.5% ͷ 7.6% 7.6% 7.6%
űԼָ 8,000, 2006 5,000, 2007 6,000 Ͽ غ 560, 2006 Ŀ 400 ߹ݴ ִ. ROE 20% ȸ δ. PER 3ʹݴ ŷ̰, PBR ᱹ 2007 0.5 ִ.
< >
)
1. KCCǼ 2002 ߴ о繰 ⼺ȭǸ鼭 ͼ
شȭ Ǿ ȣַμ ܱ .
2. 缺 ¹ Ͽ ַμ ΰɸ ϰ,
Ȯ .
3. ϴ δ ̼.
4. Ǽ ȸμ ȸ KCC , 濵 ȣ
濵ɷ, ȣ 귣, 繫 ROE
Ƚ ߰ ִ .
5. ȸ ȹ ֿ ͼ
( ó) PER 5-6 ̻ ̼ ο .
)
1. Ǽ ü Ȳ ⼼ ٴ° δ
2. ̿ ȭ
3. ȭ ϶ ܱ ְ϶ .
4. 빰 ε ż ( ϸ ΰ ŷǴ ̸ 忡 żȸ)
ص ӿ Ʋϴ.
ٸ Ž ̾µ, ٽ ۼ ֽôٴϿ.
մϴ.
10!
̷ ϰ ִ Ե ϰ ô ̽ʴϴ.
ġִ ո̰ ̼ м ϴ ݼϽñ մϴ.
ϰ η ۿ ....