dram 가격 vs pc 내 메모리 가격 비중
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DRAM 가격 vs PC 내 메모리 가격 비중. 3.5 3.0 2.5 2.0 1.5 1.0 0.5. DRAM DDR3 1Gb Price 1066MHz($). 12% of PC cost. 10% of PC cost. Spot. Contract. Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10. 메모리 업체별 Cash Position (1Q10 말 ). 6,000 4,000 - PowerPoint PPT PresentationTRANSCRIPT
DRAM 가격 vs PC 내 메모리 가격 비중
10% of PC cost
12% of PC cost
Spot Contract
3.
5
3.
0
2.
5
2.
0
1.
5
1.
0
0.
5
메모리 업체별 Cash Position (1Q10 말 )
Minimum CAPEX requirementfor NEW Fab construction $3B (50K per month)
Cash Debt
149 60 149
1,374 1,870
-1,975 -2,156 -2,501
-5,563
-2,719
Promos Nanya Powerchip Elpoda Micron
6,000
4,000
2,000
-
-2,000
-4,000
-6,000
-8,000
LCD 업황 전망
Earnings Forecasts
( 단위 : 십억원 , 원 , %, 배 )
2008 2009 2010E 2011E 2012E 2013E 2014E
매출액 72,95389,77
3150,602 158,662 157,690
170,317
180,149
영업이익 4,134 6,349 18,836 17,681 14,296 12,825 10,482
EBITDA 11,75313,94
727,944 28,338 26,069 24,882 22,557
순이익 5,526 9,649 16,633 16,508 13,818 12,783 10,871
자산총계 72,51986,02
4104,500 120,013 132,681
145,166
155,320
순차입금 (6,534)
(12,343)
(15,899) (24,596) (32,541)(41,988
)(49,45
3)
매출액증가율 15.5 23.1 67.8 5.4 (0.6) 8.0 5.8
Earnings Forecasts
( 단위 : 십억원 , 원 , %, 배 )
2008 2009 2010E 2011E 2012E 2013E 2014E
영업이익률 5.7 7.1 12.5 11.1 9.1 7.5 5.8
순이익률 7.6 10.7 11.0 10.4 8.8 7.5 6.0
ROE 10.1 15.4 22.3 18.4 13.3 11.1 8.6
ROIC 13.6 19.5 45.3 36.0 26.5 23.0 18.5
P/E 12.0 12.2 6.6 6.7 8.0 8.7 10.2
P/B 1.3 2.1 1.5 1.3 1.2 1.0 1.0
EV/EBITDA 5.6 8.4 3.7 3.4 3.4 3.2 3.1
배당수익률 1.2 1.0 1.1 1.1 1.1 1.1 1.1
Earnings Forecasts
( 단위 : 십억원 , 원 , %, 배 )
2008 2009 2010E 2011E 2012E 2013E 2014E
영업이익률 5.7 7.1 12.5 11.1 9.1 7.5 5.8
순이익률 7.6 10.7 11.0 10.4 8.8 7.5 6.0
ROE 10.1 15.4 22.3 18.4 13.3 11.1 8.6
ROIC 13.6 19.5 45.3 36.0 26.5 23.0 18.5
P/E 12.0 12.2 6.6 6.7 8.0 8.7 10.2
P/B 1.3 2.1 1.5 1.3 1.2 1.0 1.0
EV/EBITDA 5.6 8.4 3.7 3.4 3.4 3.2 3.1
배당수익률 1.2 1.0 1.1 1.1 1.1 1.1 1.1
Earnings Forecasts
( 단위 : 십억원 , 원 , %, 배 )
2008 2009 2010E 2011E 2012E 2013E 2014E
영업이익률 5.7 7.1 12.5 11.1 9.1 7.5 5.8
순이익률 7.6 10.7 11.0 10.4 8.8 7.5 6.0
ROE 10.1 15.4 22.3 18.4 13.3 11.1 8.6
ROIC 13.6 19.5 45.3 36.0 26.5 23.0 18.5
P/E 12.0 12.2 6.6 6.7 8.0 8.7 10.2
P/B 1.3 2.1 1.5 1.3 1.2 1.0 1.0
EV/EBITDA 5.6 8.4 3.7 3.4 3.4 3.2 3.1
배당수익률 1.2 1.0 1.1 1.1 1.1 1.1 1.1
Earnings Forecasts
( 단위 : 십억원 , 원 , %, 배 )
2008 2009 2010E 2011E 2012E 2013E 2014E
영업이익률 5.7 7.1 12.5 11.1 9.1 7.5 5.8
순이익률 7.6 10.7 11.0 10.4 8.8 7.5 6.0
ROE 10.1 15.4 22.3 18.4 13.3 11.1 8.6
ROIC 13.6 19.5 45.3 36.0 26.5 23.0 18.5
P/E 12.0 12.2 6.6 6.7 8.0 8.7 10.2
P/B 1.3 2.1 1.5 1.3 1.2 1.0 1.0
EV/EBITDA 5.6 8.4 3.7 3.4 3.4 3.2 3.1
배당수익률 1.2 1.0 1.1 1.1 1.1 1.1 1.1
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