Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ₩859 (vs ₩632 in 1Q 2025) First quarter 2026 results: EPS: ₩859 (up from ₩632 in 1Q 2025). Revenue: ₩1.01t (up 24% from 1Q 2025). Net income: ₩51.7b (up 36% from 1Q 2025). Profit margin: 5.1% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩28,300, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 10x in the Food industry in South Korea. Total returns to shareholders of 109% over the past three years. Announcement • Feb 27
ORION Holdings Corp., Annual General Meeting, Mar 26, 2026 ORION Holdings Corp., Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: auditorium, 13, baekbeom-ro 90da-gil, yongsan-gu, seoul South Korea Announcement • Feb 12
ORION Holdings Corp. announces Annual dividend ORION Holdings Corp. announced Annual dividend of KRW 1100.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩527 (vs ₩425 in 3Q 2024) Third quarter 2025 results: EPS: ₩527 (up from ₩425 in 3Q 2024). Revenue: ₩845.6b (up 8.5% from 3Q 2024). Net income: ₩31.7b (up 24% from 3Q 2024). Profit margin: 3.8% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩22,150, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 81% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩2,670 (vs ₩1,423 in FY 2023) Full year 2024 results: EPS: ₩2,670 (up from ₩1,423 in FY 2023). Revenue: ₩3.20t (up 8.2% from FY 2023). Net income: ₩160.6b (up 88% from FY 2023). Profit margin: 5.0% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
ORION Holdings Corp., Annual General Meeting, Mar 26, 2025 ORION Holdings Corp., Annual General Meeting, Mar 26, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 13, baekbeom-ro 90da-gil, yongsan-gu, seoul South Korea New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 1.2% to ₩15,680. The fair value is estimated to be ₩19,862, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 23
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to ₩14,070. The fair value is estimated to be ₩17,622, 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. Earnings per share has grown by 9.2%. Buy Or Sell Opportunity • Mar 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to ₩14,020. The fair value is estimated to be ₩17,622, 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. Earnings per share has grown by 9.2%. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩1,423 (vs ₩1,712 in FY 2022) Full year 2023 results: EPS: ₩1,423 (down from ₩1,712 in FY 2022). Revenue: ₩2.95t (flat on FY 2022). Net income: ₩85.6b (down 17% from FY 2022). Profit margin: 2.9% (down from 3.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
ORION Holdings Corp., Annual General Meeting, Mar 21, 2024 ORION Holdings Corp., Annual General Meeting, Mar 21, 2024, at 09:01 Korea Standard Time. Location: Auditorium, Orion Headquarters, 13, Baekbeom-ro 90 da-gil, Yongsan-gu, Seoul Seoul South Korea Agenda: To consider the Approval of the 7th financial statements Jan. 1,'23 ~ Dec. 31,'23; to Partial revision of the articles of incorporation ; to Appointment of directors ; to Appointment of wook Lee as an outside director ; to Appointment of Chan youp Song as an outside director ; to Appointment of wook Lee as a member of the audit committee; to Appointment of Chan youp Song as a member of the audit committee ; To Approve the limit of remuneration for directors ; and to consider other matters if any. Announcement • Feb 23
ORION Holdings Corp., Annual General Meeting, Mar 21, 2024 ORION Holdings Corp., Annual General Meeting, Mar 21, 2024, at 11:00 Korea Standard Time. Location: Auditorium, Orion Holdings Headquarters, 13 Baekbeom-ro 90 da-gil, Yongsan-gu Seoul South Korea Agenda: To consider approval of the 68th financial statements; to consider Partial revision of the articles of incorporation; to consider appointment of directors;to consider appointment of members of the Audit Committee; and to consider other business issues. Upcoming Dividend • Dec 20
Upcoming dividend of ₩700 per share at 4.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 46% 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 (1.9%). Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ₩420 (vs ₩412 in 1Q 2022) First quarter 2023 results: EPS: ₩420 (up from ₩412 in 1Q 2022). Revenue: ₩676.2b (up 2.3% from 1Q 2022). Net income: ₩25.2b (up 1.8% from 1Q 2022). Profit margin: 3.7% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩1,712 (vs ₩1,429 in FY 2021) Full year 2022 results: EPS: ₩1,712 (up from ₩1,429 in FY 2021). Revenue: ₩2.93t (up 22% from FY 2021). Net income: ₩103.0b (up 20% from FY 2021). Profit margin: 3.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩650 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.6%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩650 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₩1,289 (vs ₩804 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩2.28t (up 8.4% from FY 2019). Net income: ₩77.5b (up 60% from FY 2019). Profit margin: 3.4% (up from 2.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 18
ORION Holdings Corp., Annual General Meeting, Mar 18, 2021 ORION Holdings Corp., Annual General Meeting, Mar 18, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day high: ₩14,000 The company is up 9.0% from its price of ₩12,850 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Food industry, which is also up 9.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₩13,750 The company is up 6.0% from its price of ₩13,000 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩11,950 The company is down 11% from its price of ₩13,400 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 1.0% over the same period. 
