Declared Dividend • Mar 12
Dividend increased to ₩200 Dividend of ₩200 is 54% higher than last year. Ex-date: 31st March 2026 Payment date: 1st January 1970 Dividend yield will be 2.7%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 12
Nexen Tire Corporation, Annual General Meeting, Mar 26, 2026 Nexen Tire Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 355, chungnyeol-ro, gyeongsangnam-do, yangsan South Korea Announcement • Mar 11
Nexen Tire Corporation announces Annual dividend Nexen Tire Corporation announced Annual dividend of KRW 200.0000 per share, ex-date on March 31, 2026 and record date on April 01, 2026. 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 ₩7,560, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 2.6% 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 ₩9,180, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 29% over the past three years. Price Target Changed • Feb 06
Price target increased by 13% to ₩9,073 Up from ₩8,020, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₩8,960. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₩1,306 for next year compared to ₩1,153 last year. Announcement • Jan 23
Nexen Tire Corporation to Report Q4, 2025 Results on Feb 04, 2026 Nexen Tire Corporation announced that they will report Q4, 2025 results on Feb 04, 2026 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩8,340, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₩533 (up from ₩65.00 loss in 3Q 2024). Revenue: ₩780.7b (up 10% from 3Q 2024). Net income: ₩54.7b (up ₩61.4b from 3Q 2024). Profit margin: 7.0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩7,510, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Auto Components industry in South Korea. Total returns to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩4,992 per share. Reported Earnings • Aug 20
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₩186 (down from ₩431 in 2Q 2024). Revenue: ₩804.7b (up 5.4% from 2Q 2024). Net income: ₩19.2b (down 57% from 2Q 2024). Profit margin: 2.4% (down from 5.8% in 2Q 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₩1,257 to ₩1,114 per share. Revenue forecast steady at ₩3.14b. Net income forecast to grow 3.2% next year vs 7.9% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩7,973. Share price was steady at ₩6,250 over the past week. Announcement • Apr 17
Nexen Tire Corporation to Report Q1, 2025 Results on Apr 30, 2025 Nexen Tire Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩3.12b to ₩2.94b. EPS estimate also fell from ₩1,544 per share to ₩951 per share. Net income forecast to grow 24% next year vs 29% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,100. Share price was steady at ₩5,320 over the past week. Major Estimate Revision • Jan 23
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩1,321 to ₩1,181 per share. Revenue forecast steady at ₩2.90b. Net income forecast to grow 80% next year vs 35% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩9,710 to ₩9,230. Share price fell 4.0% to ₩5,560 over the past week. Price Target Changed • Jan 15
Price target decreased by 7.7% to ₩9,430 Down from ₩10,218, the current price target is an average from 10 analysts. New target price is 60% above last closing price of ₩5,880. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₩1,260 for next year compared to ₩938 last year. Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩65.00 loss per share (vs ₩512 profit in 3Q 2023) Third quarter 2024 results: ₩65.00 loss per share (down from ₩512 profit in 3Q 2023). Revenue: ₩708.5b (up 2.3% from 3Q 2023). Net loss: ₩6.70b (down 113% from profit in 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩2.96b to ₩2.92b. EPS estimate also fell from ₩1,720 per share to ₩1,338 per share. Net income forecast to grow 9.5% next year vs 14% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩10,636 to ₩10,309. Share price fell 4.2% to ₩6,670 over the past week. Major Estimate Revision • Aug 03
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩2.87b to ₩2.95b. EPS estimate increased from ₩1,541 to ₩1,720 per share. Net income forecast to grow 40% next year vs 21% growth forecast for Auto Components industry in South Korea. Consensus price target of ₩10,727 unchanged from last update. Share price rose 6.5% to ₩7,910 over the past week. Announcement • Jul 20
Nexen Tire Corporation to Report Q2, 2024 Results on Jul 31, 2024 Nexen Tire Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Major Estimate Revision • Jul 18
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩2.80b to ₩2.87b. EPS estimate increased from ₩1,326 to ₩1,486 per share. Net income forecast to grow 21% next year vs 17% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩11,030 to ₩10,727. Share price was steady at ₩7,750 over the past week. Announcement • Apr 04
NEXEN Tire Expands Its Original Equipment Portfolio Line for Premium Quality N'FERA SPORT Tires NEXEN Tire announced its OEM approval for the latest model of the 11th generation of the Mercedes-Benz E-Class, which is provided for use on vehicles sold worldwide. The N'FERA SPORT is a European premium sports tire manufactured at NEXEN Tire's European plant. It provides excellent drainage performance with a 3+1 wide groove and an asymmetric pattern suitable for high-speed driving, demonstrating excellent performance on wet and dry roads. Furthermore, by optimizing the pattern design, high-speed driving handling performance, ride comfort, and noise suppression were greatly improved, and grip power was maximized by using new compounds. Meanwhile, the N'FERA SPORT received " strong recommendation" and "purchase recommendation" ratings in summer tire tests conducted by leading European automotive magazines such as Germany'sAuto Bild, ADAC, and Ace Lenkrad for its product quality and technology. It also took the main prize in the product design category of the "Redot Design Awards" in Germany. NEXEN Tire is supplying its N'FERA SPORT tires in size 225/55 R18 102Y XL. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩1,001 (vs ₩268 loss in FY 2022) Full year 2023 results: EPS: ₩1,001 (up from ₩268 loss in FY 2022). Revenue: ₩2.70t (up 4.0% from FY 2022). Net income: ₩102.8b (up ₩130.6b from FY 2022). Profit margin: 3.8% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 18
Nexen Tire Corporation, Annual General Meeting, Mar 26, 2024 Nexen Tire Corporation, Annual General Meeting, Mar 26, 2024, at 11:00 Korea Standard Time. Location: Auditorium, Headquarters, (30 Yusan-dong) 355 Chungryeol-ro, Yangsan-si Gyeongsangnam-do South Korea Agenda: To consider approval of the 66th (January 1 2023 to December 31, 2023) financial statement and consolidated financial statement; to consider approval of the surplus appropriation statement (draft); to consider appointment of an outside director becoming a member of the audit committee (Yoo Han-ik); to consider approval of the directors’ remuneration limit; and to consider other matters. Buy Or Sell Opportunity • Jan 22
Now 20% undervalued Over the last 90 days, the stock has risen 8.5% to ₩7,690. The fair value is estimated to be ₩9,661, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 141% in the next 2 years. Buying Opportunity • Jan 18
Now 21% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be ₩9,661, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 141% in the next 2 years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.0%). Announcement • Oct 31
Nexen Tire Corporation to Report Q3, 2023 Results on Oct 30, 2023 Nexen Tire Corporation announced that they will report Q3, 2023 results on Oct 30, 2023 Major Estimate Revision • Oct 31
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩2.81b to ₩2.74b. EPS estimate rose from ₩1,153 to ₩1,315. Net income forecast to grow 208% next year vs 58% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩10,914. Share price rose 5.1% to ₩7,450 over the past week. Price Target Changed • May 03
Price target increased by 7.2% to ₩9,820 Up from ₩9,157, the current price target is an average from 5 analysts. New target price is 15% above last closing price of ₩8,570. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₩1,136 next year compared to a net loss per share of ₩270 last year. Price Target Changed • Mar 29
Price target increased by 8.5% to ₩9,157 Up from ₩8,443, the current price target is an average from 7 analysts. New target price is 15% above last closing price of ₩7,940. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₩1,066 next year compared to a net loss per share of ₩268 last year. Reported Earnings • Mar 24
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₩268 loss per share (down from ₩45.00 profit in FY 2021). Revenue: ₩2.60t (up 25% from FY 2021). Net loss: ₩27.8b (down ₩32.6b from profit in FY 2021). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 08
Price target increased by 9.8% to ₩8,443 Up from ₩7,690, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ₩7,490. Stock is up 13% over the past year. The company is forecast to post a net loss per share of ₩29.38 compared to earnings per share of ₩43.77 last year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩105 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 28 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.3%). Price Target Changed • Dec 19
Price target increased to ₩8,371 Up from ₩7,690, the current price target is an average from 7 analysts. New target price is 20% above last closing price of ₩6,980. Stock is up 2.9% over the past year. The company is forecast to post a net loss per share of ₩29.38 compared to earnings per share of ₩43.77 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. 10 experienced directors. No highly experienced directors. 1 independent director (9 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 • Sep 15
Price target increased to ₩6,925 Up from ₩6,343, the current price target is an average from 8 analysts. New target price is 15% below last closing price of ₩8,190. Stock is up 1.4% over the past year. The company is forecast to post earnings per share of ₩147 for next year compared to ₩43.77 last year. Major Estimate Revision • Aug 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₩154 to ₩183. Revenue forecast steady at ₩2.28b. Net income forecast to grow 87% next year vs 27% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩6,343 to ₩6,486. Share price rose 4.5% to ₩6,680 over the past week. Major Estimate Revision • May 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩2.21b to ₩2.26b. EPS estimate fell from ₩317 to ₩262 per share. Net income forecast to shrink 344% next year vs 20% growth forecast for Auto Components industry in South Korea . Consensus price target of ₩6,333 unchanged from last update. Share price was steady at ₩6,560 over the past week. Major Estimate Revision • May 11
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩2.25b to ₩2.21b. EPS estimate also fell from ₩561 per share to ₩405 per share. Net income forecast to grow 426% next year vs 22% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩6,675 to ₩5,900. Share price fell 5.8% to ₩6,300 over the past week. Price Target Changed • May 08
Price target decreased to ₩6,240 Down from ₩7,140, the current price target is an average from 6 analysts. New target price is 6.6% below last closing price of ₩6,680. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₩561 for next year compared to ₩46.93 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. 10 experienced directors. No highly experienced directors. 1 independent director (9 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 • Apr 19
Price target decreased to ₩6,740 Down from ₩7,614, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩6,850. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₩561 for next year compared to ₩46.93 last year. Major Estimate Revision • Feb 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ₩334 to ₩368. Revenue forecast steady at ₩2.07b. Net income forecast to grow 114% next year vs 19% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩7,614 to ₩7,457. Share price rose 2.4% to ₩6,470 over the past week. Major Estimate Revision • Jan 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ₩297 to ₩344. Revenue forecast steady at ₩2.05b. Net income forecast to grow 119% next year vs 24% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩7,388 to ₩7,614. Share price fell 4.4% to ₩6,810 over the past week. Upcoming Dividend • Dec 22
Upcoming dividend of ₩105 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 April 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Price Target Changed • May 20
Price target increased to ₩7,575 Up from ₩7,056, the current price target is an average from 8 analysts. New target price is 5.8% below last closing price of ₩8,040. Stock is up 34% over the past year. Is New 90 Day High Low • Feb 23
New 90-day high: ₩8,280 The company is up 44% from its price of ₩5,740 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 Auto Components industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩10,489 per share. Major Estimate Revision • Feb 07
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from ₩152 to ₩210. Revenue estimate for the same period was approximately flat at ₩1.72b. Net income is expected to grow by 12,308% next year compared to 97% growth forecast for the Auto Components industry in South Korea. The consensus price target increased from ₩6,430 to ₩6,520. Share price is up 14% to ₩7,100 over the past week. Is New 90 Day High Low • Feb 05
New 90-day high: ₩7,100 The company is up 32% from its price of ₩5,370 on 06 November 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 51% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩9,911 per share. Major Estimate Revision • Jan 27
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₩169 to ₩152. Revenue estimate was approximately flat at ₩1.73b. Net income is expected to grow by 12,308% next year compared to 93% growth forecast for the Auto Components industry in South Korea. The consensus price target of ₩6,430 was unchanged from the last update. Share price is up 8.9% to ₩6,710 over the past week. Is New 90 Day High Low • Jan 21
New 90-day high: ₩6,740 The company is up 23% from its price of ₩5,500 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩10,156 per share. Is New 90 Day High Low • Dec 02
New 90-day high: ₩6,080 The company is up 16% from its price of ₩5,250 on 03 September 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components 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 ₩8,769 per share. Major Estimate Revision • Sep 22
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from ₩318 to ₩440. Revenue estimate for the same period was approximately flat at ₩1.71b. Net income is expected to grow by 74% next year compared to 47% growth forecast for the Auto Components industry in South Korea. The consensus price target of ₩6,740 was unchanged from the last update. Share price is up 6.1% to ₩5,710 over the past week. 
