Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,438, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 6x in the Construction industry in South Korea. Total loss to shareholders of 14% over the past three years. New Risk • Jun 16
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 12% 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 (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩90.6b market cap, or US$60.2m). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩1,677, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 6x in the Construction industry in South Korea. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,290, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 6x in the Construction industry in South Korea. Total loss to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Apr 13
Now 24% undervalued Over the last 90 days, the stock has risen 1.7% to ₩2,015. The fair value is estimated to be ₩2,651, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,160, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 9x in the Construction industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Apr 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x 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 (1.2x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩99.4b market cap, or US$65.8m). Ankündigung • Mar 10
Ilsung Construction Co., Ltd., Annual General Meeting, Mar 31, 2026 Ilsung Construction Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 14, gukhoe-daero 62-gil, yeongdeungpo-gu, seoul South Korea New Risk • Dec 04
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 10% 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 Earnings have declined by 75% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩101.7b market cap, or US$69.2m). New Risk • May 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.4b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩136.4b market cap, or US$97.8m). Reported Earnings • Mar 22
Full year 2024 earnings released: ₩1,084 loss per share (vs ₩57.00 profit in FY 2023) Full year 2024 results: ₩1,084 loss per share (down from ₩57.00 profit in FY 2023). Revenue: ₩500.4b (down 18% from FY 2023). Net loss: ₩57.5b (down ₩61.6b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 01
Ilsung Construction Co., Ltd., Annual General Meeting, Mar 26, 2025 Ilsung Construction Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: scout hall, 14, gukhoe-daero 62-gil, yeongdeungpo-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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (21% average weekly change). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩1,752, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 7x in the Construction industry in South Korea. Total loss to shareholders of 67% over the past three years. New Risk • Sep 17
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 Market cap is less than US$100m (₩71.9b market cap, or US$54.6m). New Risk • Sep 11
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: 0.5% Last year net profit margin: 0.8% 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: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₩71.2b market cap, or US$53.2m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩7.00 (vs ₩3.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩7.00 (up from ₩3.00 in 2Q 2023). Revenue: ₩130.8b (down 19% from 2Q 2023). Net income: ₩631.9m (up 51% from 2Q 2023). Profit margin: 0.5% (up from 0.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 23% per year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,669, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 57% over the past three years. New Risk • Apr 22
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 8.9% 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 (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₩78.3b market cap, or US$56.8m). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩1,495, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 9x in the Construction industry in South Korea. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩57.00 (vs ₩115 in FY 2022) Full year 2023 results: EPS: ₩57.00 (down from ₩115 in FY 2022). Revenue: ₩607.7b (up 31% from FY 2022). Net income: ₩4.08b (down 44% from FY 2022). Profit margin: 0.7% (down from 1.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩5.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 26 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.9%). New Risk • Nov 25
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 8.5% 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 Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₩93.2b market cap, or US$71.5m). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩6.00 (vs ₩108 in 3Q 2022) Third quarter 2023 results: EPS: ₩6.00 (down from ₩108 in 3Q 2022). Revenue: ₩149.0b (up 25% from 3Q 2022). Net income: ₩553.8m (down 91% from 3Q 2022). Profit margin: 0.4% (down from 5.4% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 06
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 9.0% 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 (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (₩96.5b market cap, or US$71.7m). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,618, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 82% over the past three years. New Risk • Sep 11
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: 0.6% Last year net profit margin: 1.1% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (₩92.1b market cap, or US$68.9m). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩1,611, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 73% over the past three years. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: ₩115 (vs ₩98.00 in FY 2021) Full year 2022 results: EPS: ₩115 (up from ₩98.00 in FY 2021). Revenue: ₩462.6b (up 11% from FY 2021). Net income: ₩7.23b (up 28% from FY 2021). Profit margin: 1.6% (up from 1.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₩2,570, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 107% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 27 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to ₩2,995, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 156% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₩2,750, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,090, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩2,390, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩3,925, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 318% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 18% share price gain to ₩3,555, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,595, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 24% share price gain to ₩3,690, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,500, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,475, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 167% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₩6,270, the stock trades at a trailing P/E ratio of 59.1x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 414% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 23% share price gain to ₩5,930, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 10x in the Construction industry in South Korea. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 44% share price gain to ₩5,750, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 11x in the Construction industry in South Korea. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₩3,770, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 25% share price gain to ₩3,000, the stock trades at a trailing P/E ratio of 72.3x. Average trailing P/E is 12x in the Construction industry in South Korea. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to ₩2,470, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 13x in the Construction industry in South Korea. Total loss to shareholders of 2.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 57% share price gain to ₩2,195, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 11x in the Construction industry in South Korea. Total returns to shareholders of 32% over the past three years. Ankündigung • Mar 04
Ilsung Construction Co., Ltd., Annual General Meeting, Mar 29, 2021 Ilsung Construction Co., Ltd., Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 23% share price gain to ₩1,405, the stock is trading at a trailing P/E ratio of 46.6x, up from the previous P/E ratio of 37.8x. This compares to an average P/E of 11x in the Construction industry in South Korea. Total returns to shareholders over the past three years are 20%. Is New 90 Day High Low • Jan 06
New 90-day high: ₩1,405 The company is up 53% from its price of ₩916 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 30% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 23% share price gain to ₩1,160, the stock is trading at a trailing P/E ratio of 38.5x, up from the previous P/E ratio of 31.2x. This compares to an average P/E of 9x in the Construction industry in South Korea. Total returns to shareholders over the past three years are 13%. Is New 90 Day High Low • Dec 09
New 90-day high: ₩1,060 The company is up 18% from its price of ₩897 on 10 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 11% over the same period.