Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩11,490, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Machinery industry in South Korea. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,330, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩14,130, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩15,990, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩20,550, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Machinery industry in South Korea. Total returns to shareholders of 239% over the past three years. Declared Dividend • Mar 18
Dividend increased to ₩225 Dividend of ₩225 is 13% higher than last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 1.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 57% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 110% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩14,800, the stock trades at a trailing P/E ratio of 21.4x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩20,250, the stock trades at a trailing P/E ratio of 29.2x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩14,631 per share. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to ₩17,610. The fair value is estimated to be ₩14,534, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 4.2% in the next year. Buy Or Sell Opportunity • Dec 19
Now 22% overvalued Over the last 90 days, the stock has fallen 22% to ₩17,840. The fair value is estimated to be ₩14,595, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 4.2% in the next year. Buy Or Sell Opportunity • Dec 02
Now 23% overvalued Over the last 90 days, the stock has fallen 4.8% to ₩17,780. The fair value is estimated to be ₩14,484, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 4.2% in the next year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩18,210, the stock trades at a trailing P/E ratio of 35x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 230% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,326 per share. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩23,800, the stock trades at a trailing P/E ratio of 45.7x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 395% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,569 per share. Buy Or Sell Opportunity • Sep 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to ₩19,215. The fair value is estimated to be ₩15,884, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 20% in the next year. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩15,100, the stock trades at a trailing P/E ratio of 29x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,160 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩12,850, the stock trades at a trailing P/E ratio of 33.6x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,853 per share. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 100% Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩11,980, the stock trades at a trailing P/E ratio of 60x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,148 per share. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩8,600, the stock trades at a trailing P/E ratio of 43.1x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,306 per share. Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₩200 (down from ₩324 in FY 2023). Revenue: ₩352.4b (down 8.4% from FY 2023). Net income: ₩11.4b (down 36% from FY 2023). Profit margin: 3.2% (down from 4.6% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩8,120, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Machinery industry in South Korea. Total returns to shareholders of 53% over the past three years. Price Target Changed • Nov 18
Price target increased by 21% to ₩9,800 Up from ₩8,100, the current price target is an average from 2 analysts. New target price is 44% above last closing price of ₩6,820. Stock is up 54% over the past year. The company is forecast to post earnings per share of ₩260 for next year compared to ₩323 last year. Major Estimate Revision • Sep 11
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩421.7m to ₩409.8m. EPS estimate also fell from ₩363 per share to ₩260 per share. Net income forecast to grow 165% next year vs 61% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩8,100 to ₩8,650. Share price fell 7.4% to ₩6,860 over the past week. Buy Or Sell Opportunity • Aug 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to ₩7,230. The fair value is estimated to be ₩5,963, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in a year. Earnings are forecast to grow by 288% in the next year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩7,200, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,816 per share. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₩9,640. The fair value is estimated to be ₩7,988, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 14% in the next year. Buy Or Sell Opportunity • Jul 01
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to ₩10,310. The fair value is estimated to be ₩8,035, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 14% in the next year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩9,690, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,105 per share. Buy Or Sell Opportunity • Jun 19
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to ₩8,490. The fair value is estimated to be ₩6,923, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 14% in the next year. Buy Or Sell Opportunity • Jun 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₩8,280. The fair value is estimated to be ₩6,817, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 14% in the next year. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩324 (vs ₩225 in FY 2022) Full year 2023 results: EPS: ₩324 (up from ₩225 in FY 2022). Revenue: ₩384.8b (down 6.2% from FY 2022). Net income: ₩17.8b (up 44% from FY 2022). Profit margin: 4.6% (up from 3.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share at 3.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.3%). New Risk • Nov 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Dividend is not well covered by earnings (205% payout ratio). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,300, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 108% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%). Price Target Changed • Nov 16
Price target decreased to ₩10,500 Down from ₩11,500, the current price target is provided by 1 analyst. New target price is 70% above last closing price of ₩6,180. Stock is down 1.9% over the past year. The company is forecast to post earnings per share of ₩170 for next year compared to ₩297 last year. Major Estimate Revision • May 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩369.6m to ₩387.9m. EPS estimate fell from ₩320 to ₩170 per share. Net income forecast to shrink 41% next year vs 30% growth forecast for Machinery industry in South Korea . Consensus price target of ₩6,800 unchanged from last update. Share price rose 4.5% to ₩6,710 over the past week. Buying Opportunity • May 09
Now 22% undervalued Over the last 90 days, the stock is up 1.5%. The fair value is estimated to be ₩8,873, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 79% in 2 years. Earnings is forecast to grow by 52% in the next 2 years. Price Target Changed • Apr 27
Price target decreased to ₩6,800 Down from ₩11,500, the current price target is provided by 1 analyst. New target price is 6.6% below last closing price of ₩7,280. Stock is up 4.9% over the past year. The company is forecast to post earnings per share of ₩320 for next year compared to ₩297 last year. Buying Opportunity • Apr 02
Now 22% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be ₩8,540, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 79% in 2 years. Earnings is forecast to grow by 52% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (2.8%). Price Target Changed • Dec 10
Price target decreased to ₩9,600 Down from ₩11,500, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩6,010. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of ₩561 for next year compared to ₩33.25 last year. Price Target Changed • Jun 08
Price target increased to ₩10,600 Up from ₩9,400, the current price target is an average from 3 analysts. New target price is 42% above last closing price of ₩7,440. Stock is up 155% over the past year. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₩33.00 (vs ₩42.00 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩285.6b (down 3.5% from FY 2019). Net income: ₩1.85b (down 22% from FY 2019). Profit margin: 0.6% (down from 0.8% in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 13
Sejin Heavy Industries Co., Ltd., Annual General Meeting, Mar 31, 2021 Sejin Heavy Industries Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 23
New 90-day low: ₩5,440 The company is down 21% from its price of ₩6,870 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩128 per share. Is New 90 Day High Low • Jan 29
New 90-day low: ₩5,560 The company is down 18% from its price of ₩6,790 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩129 per share. Announcement • Jul 30
Sejin Heavy Industries Co., Ltd. (KOSE:A075580) acquired a 45% stake in Jitech Co., Ltd. for KRW 10 billion. Sejin Heavy Industries Co., Ltd. (KOSE:A075580) acquired a 45% stake in Jitech Co., Ltd. for KRW 10 billion on June 26, 2020. In the year ended December 31, 2019, Jitech Co., Ltd. reported total assets of KRW 47 billion and net income of - KRW 6 million. Board of directors of Jitech Co., Ltd. approved the acquisition.
Sejin Heavy Industries Co., Ltd. (KOSE:A075580) completed the acquisition of a 45% stake in Jitech Co., Ltd. on June 26, 2020.