New Risk • Jun 06
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 12% 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 Risk Debt is not well covered by operating cash flow (5.9% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₩48,950. The fair value is estimated to be ₩61,640, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 105% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩50,100, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 120% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩49,877 per share. Buy Or Sell Opportunity • May 21
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to ₩64,100. The fair value is estimated to be ₩53,007, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩60,300, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Metals and Mining industry in South Korea. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩55,119 per share. Price Target Changed • May 07
Price target increased by 8.7% to ₩78,938 Up from ₩72,625, the current price target is an average from 8 analysts. New target price is 13% above last closing price of ₩69,600. Stock is up 282% over the past year. The company is forecast to post earnings per share of ₩2,807 for next year compared to ₩1,567 last year. Major Estimate Revision • May 04
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.73b to ₩3.99b. EPS estimate increased from ₩2,344 to ₩2,876 per share. Net income forecast to grow 87% next year vs 63% growth forecast for Metals and Mining industry in South Korea. Consensus price target broadly unchanged at ₩73,688. Share price was steady at ₩71,700 over the past week. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩75,200, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Metals and Mining industry in South Korea. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩60,288 per share. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₩2,805 to ₩2,429 per share. Revenue forecast steady at ₩3.73b. Net income forecast to grow 55% next year vs 63% growth forecast for Metals and Mining industry in South Korea. Consensus price target of ₩66,375 unchanged from last update. Share price rose 19% to ₩75,200 over the past week. Reported Earnings • Mar 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩1,567 (up from ₩564 in FY 2024). Revenue: ₩3.65t (flat on FY 2024). Net income: ₩56.2b (up 178% from FY 2024). Profit margin: 1.5% (up from 0.6% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Feb 24
SeAH Besteel Holdings Corporation, Annual General Meeting, Mar 24, 2026 SeAH Besteel Holdings Corporation, Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 45, yanghwa-ro, mapo-gu, seoul South Korea Price Target Changed • Jan 20
Price target increased by 12% to ₩48,222 Up from ₩42,889, the current price target is an average from 9 analysts. New target price is 34% below last closing price of ₩73,600. Stock is up 280% over the past year. The company is forecast to post earnings per share of ₩1,865 for next year compared to ₩564 last year. Buy Or Sell Opportunity • Dec 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to ₩50,200. The fair value is estimated to be ₩41,801, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 64%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 2,936% in the next 2 years. Price Target Changed • Dec 24
Price target increased by 9.4% to ₩41,556 Up from ₩38,000, the current price target is an average from 9 analysts. New target price is 12% below last closing price of ₩47,000. Stock is up 132% over the past year. The company is forecast to post earnings per share of ₩1,885 for next year compared to ₩564 last year. New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Buy Or Sell Opportunity • Dec 12
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 68% to ₩44,750. The fair value is estimated to be ₩33,117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 64%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Buy Or Sell Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₩24,800. The fair value is estimated to be ₩31,058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jul 15
Price target increased by 11% to ₩31,250 Up from ₩28,175, the current price target is an average from 8 analysts. New target price is 6.4% below last closing price of ₩33,400. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₩1,777 for next year compared to ₩564 last year. Price Target Changed • Jun 26
Price target increased by 7.1% to ₩26,925 Up from ₩25,129, the current price target is an average from 8 analysts. New target price is 13% below last closing price of ₩30,850. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₩1,734 for next year compared to ₩564 last year. Buy Or Sell Opportunity • Jun 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to ₩30,150. The fair value is estimated to be ₩24,858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Earnings per share has declined by 48%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x 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 (1.8x net interest cover). Minor Risks Dividend is not well covered by earnings (421% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩17,020, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,242 per share. Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₩564 (down from ₩3,576 in FY 2023). Revenue: ₩3.64t (down 11% from FY 2023). Net income: ₩20.2b (down 84% from FY 2023). Profit margin: 0.6% (down from 3.1% in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 25
SeAH Besteel Holdings Corporation, Annual General Meeting, Mar 26, 2025 SeAH Besteel Holdings Corporation, Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: auditorium hall, 45, yanghwa-ro, mapo-gu, seoul South Korea Buy Or Sell Opportunity • Dec 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to ₩20,050. The fair value is estimated to be ₩16,275, 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. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩19,010, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in South Korea. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,578 per share. New Risk • Dec 02
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 8.4% 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 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 (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). New Risk • Nov 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.7% net profit margin). Buy Or Sell Opportunity • Nov 07
Now 44% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to ₩23,600. The fair value is estimated to be ₩16,344, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩23,400, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,501 per share. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₩18,930. The fair value is estimated to be ₩23,997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Major Estimate Revision • Aug 02
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩2,405 to ₩2,697. Revenue forecast steady at ₩3.82b. Net income forecast to grow 15% next year vs 15% growth forecast for Metals and Mining industry in South Korea. Consensus price target broadly unchanged at ₩29,563. Share price was steady at ₩19,460 over the past week. Buy Or Sell Opportunity • May 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₩22,750. The fair value is estimated to be ₩28,770, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩449 (vs ₩1,597 in 1Q 2023) First quarter 2024 results: EPS: ₩449 (down from ₩1,597 in 1Q 2023). Revenue: ₩953.1b (down 16% from 1Q 2023). Net income: ₩16.1b (down 72% from 1Q 2023). Profit margin: 1.7% (down from 5.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to ₩22,550. The fair value is estimated to be ₩28,775, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are forecast to decline by 0.9% per annum over the same time period. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩3,576 (vs ₩2,572 in FY 2022) Full year 2023 results: EPS: ₩3,576 (up from ₩2,572 in FY 2022). Revenue: ₩4.08t (down 6.9% from FY 2022). Net income: ₩128.3b (up 41% from FY 2022). Profit margin: 3.1% (up from 2.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,200 per share at 4.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 25 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩901 (vs ₩622 in 3Q 2022) Third quarter 2023 results: EPS: ₩901 (up from ₩622 in 3Q 2022). Revenue: ₩960.4b (down 11% from 3Q 2022). Net income: ₩32.3b (up 35% from 3Q 2022). Profit margin: 3.4% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 08
Price target decreased by 7.0% to ₩30,286 Down from ₩32,571, the current price target is an average from 7 analysts. New target price is 36% above last closing price of ₩22,300. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₩4,611 for next year compared to ₩2,572 last year. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩4.31b to ₩4.08b. EPS estimate also fell from ₩5,219 per share to ₩4,307 per share. Net income forecast to grow 66% next year vs 14% growth forecast for Metals and Mining industry in South Korea. Consensus price target down from ₩32,571 to ₩31,857. Share price was steady at ₩21,300 over the past week. Price Target Changed • Aug 06
Price target increased by 13% to ₩33,143 Up from ₩29,286, the current price target is an average from 7 analysts. New target price is 34% above last closing price of ₩24,750. Stock is up 62% over the past year. The company posted earnings per share of ₩2,572 last year. Buying Opportunity • Aug 04
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩32,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 2.8% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩29,350, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,430 per share. Major Estimate Revision • May 06
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩4.48b to ₩4.61b. EPS estimate increased from ₩3,785 to ₩4,481 per share. Net income forecast to grow 77% next year vs 3.7% growth forecast for Metals and Mining industry in South Korea. Consensus price target up from ₩24,333 to ₩25,857. Share price rose 6.7% to ₩24,700 over the past week. Reported Earnings • Mar 26
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₩2,572 (down from ₩5,231 in FY 2021). Revenue: ₩4.39t (up 20% from FY 2021). Net income: ₩91.0b (down 51% from FY 2021). Profit margin: 2.1% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in South Korea are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩21,050, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 338% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩19,170, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩15,400, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Total returns to shareholders of 26% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 8.0%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ₩622 (vs ₩1,466 in 3Q 2021) Third quarter 2022 results: EPS: ₩622 (down from ₩1,466 in 3Q 2021). Revenue: ₩1.08t (up 19% from 3Q 2021). Net income: ₩23.9b (down 54% from 3Q 2021). Profit margin: 2.2% (down from 5.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% decline forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to ₩22,250 Down from ₩28,000, the current price target is an average from 6 analysts. New target price is 16% above last closing price of ₩19,250. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ₩4,021 for next year compared to ₩5,231 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩16,650, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 18% share price gain to ₩19,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Total returns to shareholders of 32% over the past three years. Price Target Changed • Jul 07
Price target decreased to ₩25,833 Down from ₩28,000, the current price target is an average from 6 analysts. New target price is 72% above last closing price of ₩15,000. Stock is down 51% over the past year. The company is forecast to post earnings per share of ₩4,400 for next year compared to ₩5,231 last year. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩13,900, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Total loss to shareholders of 15% over the past three years. Price Target Changed • Apr 27
Price target decreased to ₩29,500 Down from ₩37,000, the current price target is an average from 6 analysts. New target price is 65% above last closing price of ₩17,850. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩5,432 for next year compared to ₩5,231 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Jan 24
Price target decreased to ₩33,500 Down from ₩37,000, the current price target is an average from 6 analysts. New target price is 121% above last closing price of ₩15,150. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₩5,465 next year compared to a net loss per share of ₩6,911 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS ₩1,466 (vs ₩377 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩907.5b (up 59% from 3Q 2020). Net income: ₩52.1b (up ₩65.5b from 3Q 2020). Profit margin: 5.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 03
Price target increased to ₩36,333 Up from ₩32,167, the current price target is an average from 6 analysts. New target price is 15% above last closing price of ₩31,500. Stock is up 212% over the past year. Price Target Changed • Jul 02
Price target increased to ₩33,167 Up from ₩30,667, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩31,650. Stock is up 213% over the past year. Price Target Changed • Mar 19
Price target increased to ₩16,100 Up from ₩14,833, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₩16,900. Stock is up 189% over the past year. Is New 90 Day High Low • Feb 23
New 90-day high: ₩14,850 The company is up 38% from its price of ₩10,800 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩10,616 per share. Announcement • Feb 19
SeAH Besteel Corporation, Annual General Meeting, Mar 19, 2021 SeAH Besteel Corporation, Annual General Meeting, Mar 19, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 26
New 90-day high: ₩13,000 The company is up 32% from its price of ₩9,830 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩11,802 per share. Is New 90 Day High Low • Jan 05
New 90-day high: ₩11,600 The company is up 15% from its price of ₩10,100 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩20,980 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩300 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.9% is in the top quartile of South Korean dividend payers (2.6%), and it is in line with industry peers (3.1%). Is New 90 Day High Low • Nov 23
New 90-day high: ₩11,000 The company is up 12% from its price of ₩9,840 on 26 August 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩16,871 per share. Is New 90 Day High Low • Oct 29
New 90-day low: ₩9,310 The company is down 15% from its price of ₩10,950 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,599 per share. 
