Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩100,600, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Personal Products industry in South Korea. Total returns to shareholders of 175% over the past three years. Price Target Changed • May 11
Price target increased by 10% to ₩108,208 Up from ₩97,958, the current price target is an average from 24 analysts. New target price is 8.3% above last closing price of ₩99,900. Stock is up 22% over the past year. The company is forecast to post earnings per share of ₩6,486 for next year compared to ₩5,299 last year. Announcement • Apr 29
Kolmar Korea Co., Ltd. to Report Q1, 2026 Results on May 08, 2026 Kolmar Korea Co., Ltd. announced that they will report Q1, 2026 results on May 08, 2026 Announcement • Mar 13
Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2026 Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 22-15, sandan-gil, jeonui-myeon, sejong South Korea Announcement • Feb 15
Kolmar Korea Co., Ltd. to Report Fiscal Year 2025 Results on Feb 25, 2026 Kolmar Korea Co., Ltd. announced that they will report fiscal year 2025 results on Feb 25, 2026 Reported Earnings • Nov 20
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₩1,347 (up from ₩651 in 3Q 2024). Revenue: ₩683.0b (up 9.0% from 3Q 2024). Net income: ₩31.8b (up 107% from 3Q 2024). Profit margin: 4.7% (up from 2.5% in 3Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Personal Products industry in South Korea. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 12
Price target decreased by 8.4% to ₩103,280 Down from ₩112,800, the current price target is an average from 25 analysts. New target price is 60% above last closing price of ₩64,700. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₩4,530 for next year compared to ₩3,830 last year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩63,300, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Personal Products industry in South Korea. Total returns to shareholders of 64% over the past three years. Announcement • Nov 01
Kolmar Korea Co., Ltd. to Report Q3, 2025 Results on Nov 07, 2025 Kolmar Korea Co., Ltd. announced that they will report Q3, 2025 results on Nov 07, 2025 Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩80,100, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Personal Products industry in South Korea. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩139,077 per share. Announcement • Aug 02
Kolmar Korea Co., Ltd. to Report First Half, 2025 Results on Aug 08, 2025 Kolmar Korea Co., Ltd. announced that they will report first half, 2025 results on Aug 08, 2025 Price Target Changed • Jul 18
Price target increased by 7.5% to ₩119,182 Up from ₩110,864, the current price target is an average from 22 analysts. New target price is 21% above last closing price of ₩98,400. Stock is up 69% over the past year. The company is forecast to post earnings per share of ₩5,151 for next year compared to ₩3,830 last year. Price Target Changed • Jul 11
Price target increased by 7.9% to ₩112,682 Up from ₩104,476, the current price target is an average from 22 analysts. New target price is 6.5% above last closing price of ₩105,800. Stock is up 74% over the past year. The company is forecast to post earnings per share of ₩5,152 for next year compared to ₩3,830 last year. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 20% per year over the past 5 years. Minor Risks High level of debt (59% net debt to equity). Large one-off items impacting financial results. Price Target Changed • May 12
Price target increased by 7.8% to ₩93,400 Up from ₩86,650, the current price target is an average from 20 analysts. New target price is 14% above last closing price of ₩82,100. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩4,983 for next year compared to ₩3,830 last year. Announcement • May 03
Kolmar Korea Co., Ltd. to Report Q1, 2025 Final Results on May 09, 2025 Kolmar Korea Co., Ltd. announced that they will report Q1, 2025 final results on May 09, 2025 Reported Earnings • Mar 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩3,830 (up from ₩227 in FY 2023). Revenue: ₩2.45t (up 14% from FY 2023). Net income: ₩90.1b (up ₩84.9b from FY 2023). Profit margin: 3.7% (up from 0.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Personal Products industry in South Korea. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2025 Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 22-15, sandan-gil, jeonui-myeon, sejong South Korea Announcement • Feb 26
Kolmar Korea Co., Ltd. announces Annual dividend Kolmar Korea Co., Ltd. announced Annual dividend of KRW 720.0000 per share, ex-date on March 11, 2025 and record date on March 12, 2025. Major Estimate Revision • Feb 26
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩2.79b to ₩2.74b. EPS estimate rose from ₩4,952 to ₩5,643. Net income forecast to grow 1,033% next year vs 32% growth forecast for Personal Products industry in South Korea. Consensus price target broadly unchanged at ₩85,438. Share price rose 5.3% to ₩59,900 over the past week. Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩4,009 to ₩3,559 per share. Revenue forecast steady at ₩2.48b. Net income forecast to grow 1,818% next year vs 32% growth forecast for Personal Products industry in South Korea. Consensus price target broadly unchanged at ₩86,667. Share price fell 15% to ₩59,100 over the past week. Announcement • Nov 02
Kolmar Korea Co., Ltd. to Report Nine Months, 2024 Results on Nov 08, 2024 Kolmar Korea Co., Ltd. announced that they will report nine months, 2024 results on Nov 08, 2024 Price Target Changed • Aug 13
Price target increased by 7.8% to ₩80,375 Up from ₩74,563, the current price target is an average from 16 analysts. New target price is 30% above last closing price of ₩61,700. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of ₩3,899 for next year compared to ₩227 last year. Announcement • Aug 07
Kolmar Korea Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Kolmar Korea Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Aug 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 8.1% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Jul 17
Kolmar Korea, Kolmar Laboratories and Kolmar USA Announce Management Appointments Kolmar Korea announced that it has named President Yongchul Hur as CEO of Kolmar Laboratories and Kolmar USA, its North American subsidiaries. Philippe Warnery has been appointed as Global Chief Commercial Officer (GCCO), George Rivera as Chief Science Officer (CSO) of the North American subsidiary and Managing Director Inki Park as head of the R&D Center for North America, responsible for bridging the Korean and North American markets. The key part of the recent appointments is bringing in many people with vast experience in the global cosmetics market. This is expected to help the company enter the North American market successfully. Yongchul Hur, the new CEO of Kolmar North American subsidiaries, brings a wealth of experience in the global ODM business, having overseen production of Kolmar Korea's skincare and makeup products. He has previously served as president of Kolmar Beijing and Kolmar Wuxi, driving significant growth in Kolmar's Chinese operations. Prior to his tenure at Kolmar Korea, he held prominent positions in the cosmetics manufacturing industry, including factory manager at Amore Pacific and CEO of Cosvision. President Hur intends to leverage his decades of industry experience to steer local business in North America. Philippe Warnery, newly appointed as Global Chief Commercial Officer (GCCO), is an expert in the global cosmetics market. His prior roles include CEO of Intercos North America, an Italian cosmetics ODM, and President of the UK & Ireland Region and General Manager of the Canadian Affiliate at Estee Lauder. With 25 years of experience in the global cosmetics industry, spanning both brand companies and ODM companies, his extensive network is a key competitive advantage. Warnery aims to focus on securing significant sales from major global brands as well as indie brands and recruiting influencers that are gaining popularity worldwide. George Rivera, appointed as Chief Science Officer (CSO) of Kolmar North American subsidiaries, is an expert with over 20 years of R&D experience at global cosmetics companies such as L'Oreal USA and Intercos. Most recently, he led process and technology innovation as president of Kolmar USA. CSO Rivera, in collaboration with Inki Park, head of the North American R&D Center, plans to concentrate on research and development tailored to the local market's needs. Center Head Park, a research expert with 18 years of experience, is responsible for adapting core technologies developed at the Kolmar R&D Complex, the Kolmar Group's global R&D hub located in South Korea, to the local market. Utilizing data accumulated at the Complex, including color, formulation, and scent, Park's team will analyze the needs of overseas markets and focus on developing customized formulations. Announcement • Mar 13
Kolmar Korea Co., Ltd., Annual General Meeting, Mar 28, 2024 Kolmar Korea Co., Ltd., Annual General Meeting, Mar 28, 2024, at 10:00 Korea Standard Time. Location: 2nd Floor Grand Meeting Room, KolmarBNH Co., Ltd, 22-15 Sandan-gil, Jeonui-myeon, Sejong Special Self-Governing City Sejong South Korea Agenda: To consider the Audit Report; to consider the Business Report; to consider the report on the Operational Performance of the Internal Accounting Management System for the 12th Term ; and to discuss other matters. Announcement • Feb 21
Kolmar Korea Co., Ltd. to Report Fiscal Year 2023 Final Results on Feb 27, 2024 Kolmar Korea Co., Ltd. announced that they will report fiscal year 2023 final results on Feb 27, 2024 Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 0.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.2%). Price Target Changed • Aug 14
Price target increased by 15% to ₩65,091 Up from ₩56,818, the current price target is an average from 11 analysts. New target price is 12% above last closing price of ₩58,100. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₩3,591 next year compared to a net loss per share of ₩961 last year. Price Target Changed • Aug 01
Price target increased by 8.1% to ₩56,818 Up from ₩52,583, the current price target is an average from 11 analysts. New target price is 16% above last closing price of ₩48,850. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₩2,953 next year compared to a net loss per share of ₩961 last year. Price Target Changed • Jul 25
Price target increased by 7.2% to ₩55,909 Up from ₩52,167, the current price target is an average from 11 analysts. New target price is 20% above last closing price of ₩46,600. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₩2,953 next year compared to a net loss per share of ₩961 last year. Reported Earnings • Mar 26
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: ₩961 loss per share (down from ₩1,565 profit in FY 2021). Revenue: ₩1.87t (up 18% from FY 2021). Net loss: ₩22.0b (down 161% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Personal Products industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩415 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.3%). Major Estimate Revision • Nov 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩2,107 to ₩1,862 per share. Revenue forecast steady at ₩1.89b. Net income forecast to grow 119% next year vs 50% growth forecast for Personal Products industry in South Korea. Consensus price target broadly unchanged at ₩51,500. Share price fell 2.1% to ₩38,750 over the past week. 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. 9 experienced directors. No highly experienced directors. 3 independent directors (6 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. Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩1.73b to ₩1.93b. EPS estimate unchanged from ₩2,206 at last update. Personal Products industry in South Korea expected to see average net income growth of 38% next year. Consensus price target down from ₩53,667 to ₩52,417. Share price rose 2.1% to ₩38,500 over the past week. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩3,078 to ₩2,054 per share. Revenue forecast steady at ₩1.75b. Net income forecast to grow 30% next year vs 22% growth forecast for Personal Products industry in South Korea. Consensus price target of ₩54,417 unchanged from last update. Share price fell 5.3% to ₩39,600 over the past week. 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. 9 experienced directors. No highly experienced directors. 3 independent directors (6 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 • Feb 04
Price target decreased to ₩56,364 Down from ₩60,846, the current price target is an average from 12 analysts. New target price is 54% above last closing price of ₩36,550. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₩2,123 for next year compared to ₩6,311 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩345 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 5.1% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (0.8%). Major Estimate Revision • Nov 25
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ₩2,517 to ₩2,169 per share. Revenue forecast steady at ₩1.59b. Net income forecast to shrink 61% next year vs 31% growth forecast for Personal Products industry in South Korea . Consensus price target down from ₩60,846 to ₩58,929. Share price fell 2.4% to ₩40,350 over the past week. Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ₩1.46b to ₩1.50b. EPS estimate fell from ₩3,243 to ₩2,875 per share. Net income forecast to shrink 55% next year vs 46% growth forecast for Personal Products industry in South Korea . Consensus price target broadly unchanged at ₩62,875. Share price was steady at ₩57,800 over the past week. Major Estimate Revision • May 08
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ₩2,852 to ₩3,243. Revenue forecast steady at ₩1.46b. Net income forecast to shrink 47% next year vs 46% growth forecast for Personal Products industry in South Korea . Consensus price target broadly unchanged at ₩62,750. Share price was steady at ₩56,600 over the past week. Announcement • Mar 11
Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2021 Kolmar Korea Co., Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 18
New 90-day high: ₩57,500 The company is up 22% from its price of ₩47,000 on 20 November 2020. The South Korean market is also up 22% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Personal Products industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩15,256 per share. Announcement • Feb 10
Kolmar Korea Co., Ltd. to Report Q4, 2020 Results on Feb 17, 2021 Kolmar Korea Co., Ltd. announced that they will report Q4, 2020 results on Feb 17, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: ₩51,900 The company is up 11% from its price of ₩46,650 on 15 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Personal Products industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩57,216 per share. Is New 90 Day High Low • Dec 29
New 90-day high: ₩50,100 The company is up 8.0% from its price of ₩46,200 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩100,502 per share. Major Estimate Revision • Nov 18
Analysts update estimates The 2020 consensus revenue estimate was lowered from ₩1.44b to ₩1.36b. Earnings per share (EPS) increased from ₩1,909 to ₩2,236 for the same period. Net income is expected to grow by 124% next year compared to 60% growth forecast for the Personal Products industry in South Korea. The consensus price target was lowered from ₩56,375 to ₩55,063. Share price is down by 2.0% to ₩46,000 over the past week.