Announcement • Apr 29
Poongsan Holdings Corporation to Report Q1, 2026 Results on Apr 30, 2026 Poongsan Holdings Corporation announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩47,250, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Metals and Mining industry in South Korea. Total returns to shareholders of 128% over the past three years. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: ₩5,389 (vs ₩7,117 in FY 2024) Full year 2025 results: EPS: ₩5,389 (down from ₩7,117 in FY 2024). Revenue: ₩432.5b (down 3.8% from FY 2024). Net income: ₩74.4b (down 25% from FY 2024). Profit margin: 17% (down from 22% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.5% 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 increased by 10% per year whereas the company’s share price has increased by 14% per year. New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% 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 5.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (273% cash payout ratio). Profit margins are more than 30% lower than last year (17% 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: 17% Last year net profit margin: 26% 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 Dividend is not well covered by cash flows (239% cash payout ratio). Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩42,450, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 166% over the past three years. New Risk • Jul 10
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 8.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩37,300, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total returns to shareholders of 118% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ₩35,000. The fair value is estimated to be ₩28,995, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has declined by 5.9%. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩7,117 (vs ₩5,840 in FY 2023) Full year 2024 results: EPS: ₩7,117 (up from ₩5,840 in FY 2023). Revenue: ₩449.4b (up 11% from FY 2023). Net income: ₩99.7b (up 20% from FY 2023). Profit margin: 22% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 72% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Feb 21
Poongsan Holdings Corporation, Annual General Meeting, Mar 21, 2025 Poongsan Holdings Corporation, Annual General Meeting, Mar 21, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 23, chungjeong-ro, seodaemun-gu, seoul South Korea Upcoming Dividend • Feb 20
Upcoming dividend of ₩1,400 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 12% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.1%). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩1,544 (vs ₩689 in 3Q 2023) Third quarter 2024 results: EPS: ₩1,544 (up from ₩689 in 3Q 2023). Revenue: ₩109.5b (up 14% from 3Q 2023). Net income: ₩21.6b (up 120% from 3Q 2023). Profit margin: 20% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩8,690 (vs ₩7,614 in FY 2022) Full year 2023 results: EPS: ₩8,690 (up from ₩7,614 in FY 2022). Revenue: ₩406.7b (up 4.9% from FY 2022). Net income: ₩83.2b (up 14% from FY 2022). Profit margin: 20% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 49% After last week's 49% share price gain to ₩42,950, the stock trades at a trailing P/E ratio of 10.7x. Average forward P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 170% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,300 per share at 3.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩43,200, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩37,900, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 121% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (4.4%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩800 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 07 April 2022. Payout ratio is a comfortable 5.0% but the company is not cash flow positive. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩2,113 (vs ₩3,696 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₩265.9b (flat on FY 2019). Net income: ₩13.7b (down 43% from FY 2019). Profit margin: 5.2% (down from 9.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
Poongsan Holdings Corporation, Annual General Meeting, Mar 26, 2021 Poongsan Holdings Corporation, Annual General Meeting, Mar 26, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Jan 25
New 90-day high: ₩38,000 The company is up 43% from its price of ₩26,500 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 21% share price gain to ₩36,500, the stock is trading at a trailing P/E ratio of 14x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 17x in the Metals and Mining industry in South Korea. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Jan 06
New 90-day high: ₩29,650 The company is up 12% from its price of ₩26,500 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 32% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩1,400 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.9% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (3.1%). Is New 90 Day High Low • Dec 21
New 90-day high: ₩28,850 The company is up 12% from its price of ₩25,850 on 22 September 2020. The South Korean market is up 15% 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. Is New 90 Day High Low • Dec 04
New 90-day high: ₩28,450 The company is up 14% from its price of ₩24,850 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: ₩27,500 The company is up 1.0% from its price of ₩27,300 on 12 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 3.0% over the same period. 
