Announcement • Mar 07
Di Dong Il Corporation, Annual General Meeting, Mar 26, 2026 Di Dong Il Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: tex+fa hall, 518, teheran-ro, gangnam-gu, seoul South Korea New Risk • Feb 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 Interest payments are not well covered by earnings (0.08x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Price Target Changed • Dec 31
Price target decreased by 24% to ₩40,000 Down from ₩52,381, the current price target is provided by 1 analyst. New target price is 104% above last closing price of ₩19,650. Stock is down 58% over the past year. The company is forecast to post a net loss per share of ₩449 compared to earnings per share of ₩74.77 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩238 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 03 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). Declared Dividend • Nov 13
Dividend of ₩238 announced Shareholders will receive a dividend of ₩238. Ex-date: 29th December 2025 Payment date: 3rd April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (305% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 6 years and payments have been stable during that time. Announcement • Nov 12
Di Dong Il Corporation announces Annual dividend, payable on April 03, 2026 Di Dong Il Corporation announced Annual dividend of KRW 238.0950 per share payable on April 03, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Sep 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 9.3% 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 Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Mar 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.9x 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 (0.9x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Upcoming Dividend • Dec 20
Upcoming dividend of ₩244 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.0%). Price Target Changed • Dec 16
Price target increased by 41% to ₩55,000 Up from ₩39,024, the current price target is provided by 1 analyst. New target price is 8.7% above last closing price of ₩50,600. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₩658 for next year compared to ₩167 last year. New Risk • Dec 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Board Change • Dec 12
No independent directors 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. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 29
Di Dong Il Corporation (KOSE:A001530) agreed to acquire additional 9.38% stake in Dongil Aluminium Co. Ltd for KRW 30.71 billion. Di Dong Il Corporation (KOSE:A001530) agreed to acquire additional 9.38% stake in Dongil Aluminium Co. Ltd for KRW 30.71 billion on November 27, 2024. A cash consideration of KRW 30.71 billion will be paid by Di Dong Il Corporation. As part of consideration, KRW 30.71 billion is paid towards common equity of Dongil Aluminium Co. Ltd.
For the period ending December 31, 2023, Dongil Aluminium Co. Ltd reported total revenue of KRW 201.35 billion and net income of KRW 14.42 billion. As of December 31, 2023, Dongil Aluminium Co. Ltd reported total assets of KRW 222.12 billion.
The expected completion of the transaction is November 29, 2024. Announcement • Nov 27
Di Dong Il Corporation (KOSE:A001530) announces an Equity Buyback for KRW 30,000 million worth of its shares. Di Dong Il Corporation (KOSE:A001530) announces a share repurchase program. Under the program, the company will repurchase up to KRW 30,000 million worth of its shares, pursuant to a contract with NH INVESTMENT & SECURITIES CO.,LTD. The purpose of the program is to stock burn. The program will expire on June 1, 2025. As of November 26, 2024, the company had 5,844,853 shares in treasury within scope available for dividend and under other acquisitions. Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩129 loss per share (vs ₩23.00 loss in 3Q 2023) Third quarter 2024 results: ₩129 loss per share (further deteriorated from ₩23.00 loss in 3Q 2023). Revenue: ₩153.6b (down 8.8% from 3Q 2023). Net loss: ₩2.49b (loss widened 472% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩709.8m to ₩681.8m. EPS estimate also fell from ₩847 per share to ₩691 per share. Net income forecast to grow 143% next year vs 32% growth forecast for Luxury industry in South Korea. Consensus price target of ₩40,000 unchanged from last update. Share price was steady at ₩30,000 over the past week. Major Estimate Revision • May 24
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩770.0m to ₩731.0m. EPS estimate also fell from ₩1,147 per share to ₩913 per share. Net income forecast to grow 331% next year vs 26% growth forecast for Luxury industry in South Korea. Consensus price target up from ₩39,024 to ₩40,000. Share price was steady at ₩24,200 over the past week. Reported Earnings • Mar 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₩167 (down from ₩2,778 in FY 2022). Revenue: ₩682.9b (down 18% from FY 2022). Net income: ₩3.24b (down 94% from FY 2022). Profit margin: 0.5% (down from 6.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Dec 27
Di Dong Il Corporation (KOSE:A001530) announces an Equity Buyback for KRW 5,000 million worth of its shares. Di Dong Il Corporation (KOSE:A001530) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, pursuant to a contract with Shinhan Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price. The program will expire on December 27, 2024. As of December 26, 2023, the company had 5,657,482 shares in treasury within scope available for dividend and under other acquisitions. Upcoming Dividend • Dec 20
Upcoming dividend of ₩244 per share at 0.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). New Risk • Nov 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩29,600, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩28,650, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 254% over the past three years. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: ₩141 (vs ₩694 in 2Q 2022) Second quarter 2023 results: EPS: ₩141 (down from ₩694 in 2Q 2022). Revenue: ₩189.7b (down 22% from 2Q 2022). Net income: ₩2.73b (down 80% from 2Q 2022). Profit margin: 1.4% (down from 5.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩24,600, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 287% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩21,550, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Luxury industry in South Korea. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩26,850, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 4x in the Luxury industry in South Korea. Total returns to shareholders of 464% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩19,540, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 172% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩195 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 7.4% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.1%). Board Change • Nov 16
No independent directors 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. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩15,700, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 100% over the past three years. Buying Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be ₩29,433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Board Change • Apr 27
No independent directors 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. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩216,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 281% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,463 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩252,500, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 369% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₩296,500, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 493% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 20% share price gain to ₩230,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Luxury industry in South Korea. Total returns to shareholders of 361% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₩160,500, the stock trades at a trailing P/E ratio of 21.1x, up from the previous P/E ratio of 18.2x. Average P/E is 17x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 256%. Announcement • Mar 10
Di Dong Il Corporation, Annual General Meeting, Mar 26, 2021 Di Dong Il Corporation, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩156,500, the stock is trading at a trailing P/E ratio of 20.6x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 242%. Is New 90 Day High Low • Jan 20
New 90-day high: ₩182,000 The company is up 118% from its price of ₩83,512 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 22% share price gain to ₩178,500, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 277%. Is New 90 Day High Low • Jan 07
New 90-day high: ₩178,500 The company is up 107% from its price of ₩86,439 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₩165,000, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.8x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 250%. Is New 90 Day High Low • Jan 02
New 90-day high: ₩146,000 The company is up 72% from its price of ₩84,976 on 29 September 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₩142,500, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 202%. Is New 90 Day High Low • Dec 29
New 90-day high: ₩142,500 The company is up 68% from its price of ₩84,976 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₩140,000, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.2x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 187%. Is New 90 Day High Low • Dec 23
New 90-day high: ₩131,000 The company is up 52% from its price of ₩86,200 on 24 September 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 10.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩1,463 Per Share Will be paid on the 2nd of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of South Korean dividend payers (2.6%), but is in line with industry peers (1.4%). Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 23% share price gain to ₩127,000, the stock is trading at a trailing P/E ratio of 16.3x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 168%. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 22% share price gain to ₩106,500, the stock is trading at a trailing P/E ratio of 13.9x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 14x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 125%. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS ₩966 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩223.2b (down 4.7% from 3Q 2019). Net income: ₩1.74b (down 79% from 3Q 2019). Profit margin: 0.8% (down from 3.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 20
New 90-day low: ₩83,200 The company is down 7.0% from its price of ₩89,100 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 15% over the same period.