New Risk • Apr 27
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 13% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 23
LS ELECTRIC Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 LS ELECTRIC Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Price Target Changed • Apr 14
Price target increased by 7.0% to ₩151,771 Up from ₩141,819, the current price target is an average from 21 analysts. New target price is 18% below last closing price of ₩185,600. Stock is up 417% over the past year. The company is forecast to post earnings per share of ₩3,159 for next year compared to ₩1,929 last year. New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 492% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₩9,647 (up from ₩8,077 in FY 2024). Revenue: ₩4.97t (up 9.1% from FY 2024). Net income: ₩286.6b (up 20% from FY 2024). Profit margin: 5.8% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 151% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩626,000, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 28x in the Electrical industry in South Korea. Total returns to shareholders of 1,203% over the past three years. Upcoming Dividend • Feb 19
Upcoming dividend of ₩3,000 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 09 April 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.4%). In line with average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩646,000, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 1,283% over the past three years. Price Target Changed • Jan 20
Price target increased by 8.8% to ₩488,632 Up from ₩449,067, the current price target is an average from 23 analysts. New target price is 7.5% below last closing price of ₩528,000. Stock is up 155% over the past year. The company is forecast to post earnings per share of ₩9,492 for next year compared to ₩8,077 last year. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩517,000, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 889% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩294,137 per share. Price Target Changed • Oct 24
Price target increased by 9.5% to ₩362,763 Up from ₩331,161, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₩368,500. Stock is up 146% over the past year. The company is forecast to post earnings per share of ₩9,712 for next year compared to ₩8,077 last year. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩368,000, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 660% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩348,880 per share. Buy Or Sell Opportunity • Sep 24
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to ₩287,000. The fair value is estimated to be ₩359,370, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. Buy Or Sell Opportunity • Sep 01
Now 23% undervalued Over the last 90 days, the stock has risen 10% to ₩274,000. The fair value is estimated to be ₩354,808, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩259,000, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 356% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩361,914 per share. Buy Or Sell Opportunity • Aug 14
Now 21% undervalued Over the last 90 days, the stock has risen 24% to ₩301,000. The fair value is estimated to be ₩379,962, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Buy Or Sell Opportunity • Jul 30
Now 21% undervalued Over the last 90 days, the stock has risen 46% to ₩297,000. The fair value is estimated to be ₩377,475, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Price Target Changed • Jul 29
Price target increased by 8.1% to ₩311,931 Up from ₩288,527, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of ₩304,000. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₩10,209 for next year compared to ₩8,077 last year. Price Target Changed • Jul 08
Price target increased by 8.8% to ₩286,026 Up from ₩262,927, the current price target is an average from 21 analysts. New target price is 6.1% above last closing price of ₩269,500. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₩10,625 for next year compared to ₩8,077 last year. Price Target Changed • Jul 01
Price target increased by 7.0% to ₩276,327 Up from ₩258,177, the current price target is an average from 20 analysts. New target price is 6.6% below last closing price of ₩296,000. Stock is up 41% over the past year. The company is forecast to post earnings per share of ₩10,601 for next year compared to ₩8,077 last year. Buy Or Sell Opportunity • Jun 17
Now 21% undervalued Over the last 90 days, the stock has risen 34% to ₩280,500. The fair value is estimated to be ₩353,934, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Announcement • Apr 18
LS ELECTRIC Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 LS ELECTRIC Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩179,500, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electrical industry in South Korea. Total returns to shareholders of 323% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩87,426 per share. New Risk • Mar 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share). Reported Earnings • Mar 21
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: ₩8,077 (up from ₩7,022 in FY 2023). Revenue: ₩4.55t (up 7.6% from FY 2023). Net income: ₩238.7b (up 16% from FY 2023). Profit margin: 5.2% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩204,500, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 373% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩90,031 per share. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩266,000, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 587% over the past three years. Announcement • Feb 08
LS ELECTRIC Co., Ltd., Annual General Meeting, Mar 25, 2025 LS ELECTRIC Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 127, ls-ro, dongan-gu, gyeonggi-do, anyang South Korea Price Target Changed • Jan 24
Price target increased by 12% to ₩261,842 Up from ₩233,407, the current price target is an average from 17 analysts. New target price is 7.5% above last closing price of ₩243,500. Stock is up 255% over the past year. The company is forecast to post earnings per share of ₩8,021 for next year compared to ₩7,023 last year. New Risk • Jan 23
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 9.5% 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. This is currently the only risk that has been identified for the company. Announcement • Jan 22
LS ELECTRIC Co., Ltd. to Report Q4, 2024 Results on Jan 23, 2025 LS ELECTRIC Co., Ltd. announced that they will report Q4, 2024 results on Jan 23, 2025 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩219,000, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electrical industry in South Korea. Total returns to shareholders of 354% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩94,493 per share. Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,800 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 April 2025. Payout ratio is a comfortable 38% and the cash payout ratio is 78%. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.6%). Buy Or Sell Opportunity • Dec 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to ₩148,600. The fair value is estimated to be ₩122,198, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. New Risk • Nov 25
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 9.1% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 25
Now 23% overvalued Over the last 90 days, the stock has fallen 9.6% to ₩150,200. The fair value is estimated to be ₩121,762, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩132,800, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩124,070 per share. Major Estimate Revision • Oct 24
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩4.36b to ₩4.28b. EPS estimate also fell from ₩8,613 per share to ₩7,668 per share. Net income forecast to grow 26% next year vs 30% growth forecast for Electrical industry in South Korea. Consensus price target down from ₩244,078 to ₩239,137. Share price fell 5.2% to ₩149,100 over the past week. Announcement • Sep 12
LS ELECTRIC Co., Ltd. (KOSE:A010120) completed the acquisition of 51% stake in Koc Electric Co., Ltd. for KRW59.2 billion. LS ELECTRIC Co., Ltd. (KOSE:A010120) agreed to acquire an unknown stake in Koc Electric Co., Ltd. on May 23, 2024. LS ELECTRIC Co., Ltd. will pay a combined deal value of KRW 59 billion for the acquisition and primary infusion. As of December 31, 2023, Koc Electric Co., Ltd reported total assets of KRW 77.5 billion, total debt of KRW 46 billion, total capital of KRW 31.4 billion, sales of KRW 93 billion, and net income of KRW 5.9 billion.
LS ELECTRIC Co., Ltd. (KOSE:A010120) completed the acquisition of 51% stake in Koc Electric Co., Ltd. for KRW59.2 billion on September 11, 2024. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩136,100, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩204,078 per share. Buy Or Sell Opportunity • Aug 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to ₩163,800. The fair value is estimated to be ₩207,054, 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 39%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 6.1% to ₩169,500. The fair value is estimated to be ₩213,975, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₩184,400, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩166,071 per share. Price Target Changed • Jul 30
Price target increased by 8.4% to ₩262,409 Up from ₩242,029, the current price target is an average from 13 analysts. New target price is 42% above last closing price of ₩184,400. Stock is up 82% over the past year. The company is forecast to post earnings per share of ₩8,561 for next year compared to ₩7,023 last year. Announcement • Jul 24
LS ELECTRIC Co., Ltd. (KOSE:A010120) and JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd agreed to acquire 28.98% stake in THiRA-UTECH CO., LTD. (KOSDAQ:A322180) from Kim Jung Ha and Cho Won Chul for KRW 27 billion. LS ELECTRIC Co., Ltd. (KOSE:A010120) and JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd agreed to acquire 28.98% stake in THiRA-UTECH CO., LTD. (KOSDAQ:A322180) from Kim Jung Ha and Cho Won Chul for KRW 27 billion on July 23, 2024. A cash consideration of KRW 27.03 billion will be paid by LS ELECTRIC Co., Ltd. and JKL ESG Future Mobility Value Chain Private Equity Fund Co., Ltd. As part of consideration, KRW 27.03 billion is paid towards common equity of THiRA-UTECH CO., LTD.
The expected completion of the transaction is September 30, 2024. Price Target Changed • Jul 16
Price target increased by 13% to ₩242,029 Up from ₩213,393, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₩234,000. Stock is up 164% over the past year. The company is forecast to post earnings per share of ₩8,640 for next year compared to ₩7,023 last year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩228,000, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 303% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩177,738 per share. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 72% to ₩213,500. The fair value is estimated to be ₩177,070, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Price Target Changed • Jun 28
Price target increased by 11% to ₩208,756 Up from ₩188,667, the current price target is an average from 11 analysts. New target price is 5.3% below last closing price of ₩220,500. Stock is up 178% over the past year. The company is forecast to post earnings per share of ₩8,548 for next year compared to ₩7,023 last year. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩190,800, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩182,221 per share. Announcement • May 25
LS ELECTRIC Co., Ltd. (KOSE:A010120) agreed to acquire an unknown stake in Koc Electric Co., Ltd. LS ELECTRIC Co., Ltd. (KOSE:A010120) agreed to acquire an unknown stake in Koc Electric Co., Ltd. on May 23, 2024. LS ELECTRIC Co., Ltd. will pay a combined deal value of KRW 59 billion for the acquisition and primary infusion. As of December 31, 2023, Koc Electric Co., Ltd reported total assets of KRW 77.5 billion, total debt of KRW 46 billion, total capital of KRW 31.4 billion, sales of KRW 93 billion, and net income of KRW 5.9 billion. Buy Or Sell Opportunity • May 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 230% to ₩224,000. The fair value is estimated to be ₩181,915, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. New Risk • May 22
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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Dividend is not well covered by cash flows (90% cash payout ratio). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩197,100, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 288% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩183,717 per share. Major Estimate Revision • May 05
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₩4.43b to ₩4.34b. EPS estimate rose from ₩7,438 to ₩8,285. Net income forecast to grow 18% next year vs 29% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩130,300 to ₩173,800. Share price fell 2.5% to ₩159,800 over the past week. Price Target Changed • May 01
Price target increased by 9.2% to ₩142,300 Up from ₩130,300, the current price target is an average from 10 analysts. New target price is 19% below last closing price of ₩176,600. Stock is up 176% over the past year. The company is forecast to post earnings per share of ₩7,761 for next year compared to ₩7,023 last year. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩155,800, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Electrical industry in South Korea. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩213,907 per share. New Risk • Apr 05
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 Dividend is not well covered by cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Price Target Changed • Apr 05
Price target increased by 12% to ₩122,556 Up from ₩109,111, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₩119,100. Stock is up 118% over the past year. The company is forecast to post earnings per share of ₩7,438 for next year compared to ₩7,023 last year. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩7,022 (vs ₩3,103 in FY 2022) Full year 2023 results: EPS: ₩7,022 (up from ₩3,103 in FY 2022). Revenue: ₩4.23t (up 25% from FY 2022). Net income: ₩206.3b (up 126% from FY 2022). Profit margin: 4.9% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩77,800, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩130,550 per share. Price Target Changed • Feb 01
Price target decreased by 7.2% to ₩110,778 Down from ₩119,333, the current price target is an average from 9 analysts. New target price is 64% above last closing price of ₩67,700. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩6,817 for next year compared to ₩3,103 last year. Price Target Changed • Jan 09
Price target decreased by 8.5% to ₩120,444 Down from ₩131,625, the current price target is an average from 9 analysts. New target price is 68% above last closing price of ₩71,600. Stock is up 39% over the past year. The company is forecast to post earnings per share of ₩7,001 for next year compared to ₩3,103 last year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,100 per share at 1.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.3%). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩62,700, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 33% over the past three years. 
