Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩20,700, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,928 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩19,320, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Construction industry in South Korea. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩17,023 per share. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩23,300, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Construction industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,442 per share. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩27,950, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in South Korea. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩25,878 per share. New Risk • Apr 01
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 13% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Buy Or Sell Opportunity • Mar 31
Now 25% undervalued Over the last 90 days, the stock has risen 50% to ₩26,950. The fair value is estimated to be ₩35,915, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Major Estimate Revision • Mar 23
Consensus EPS estimates increase by 32%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ₩491.4m to ₩476.3m. EPS estimate rose from ₩1,941 to ₩2,557. Net income forecast to grow 51% next year vs 29% growth forecast for Construction industry in South Korea. Consensus price target up from ₩28,500 to ₩31,500. Share price rose 40% to ₩27,550 over the past week. Reported Earnings • Mar 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩1,826 (down from ₩1,970 in FY 2024). Revenue: ₩448.8b (up 5.7% from FY 2024). Net income: ₩18.5b (down 7.4% from FY 2024). Profit margin: 4.1% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Construction 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 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩23,150, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Construction industry in South Korea. Total loss to shareholders of 3.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩24,727 per share. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩16,340, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Construction industry in South Korea. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,172 per share. Buy Or Sell Opportunity • Mar 04
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to ₩16,340. The fair value is estimated to be ₩23,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 4.7% in the next 2 years. Ankündigung • Feb 27
HanmiGlobal Co., Ltd., Annual General Meeting, Mar 24, 2026 HanmiGlobal Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 513, yeongdong-daero, gangnam-gu, seoul South Korea Buy Or Sell Opportunity • Feb 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to ₩18,300. The fair value is estimated to be ₩23,247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 4.7% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.7%). Declared Dividend • Nov 08
Dividend of ₩400 announced Dividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Nov 07
HanmiGlobal Co., Ltd. announces Annual dividend, payable on April 20, 2026 HanmiGlobal Co., Ltd. announced Annual dividend of KRW 400.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩23,250, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Construction industry in South Korea. Total returns to shareholders of 20% over the past three years. New Risk • Jun 19
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩22,600, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 153% over the past three years. Buy Or Sell Opportunity • Apr 10
Now 23% overvalued Over the last 90 days, the stock has fallen 17% to ₩14,800. The fair value is estimated to be ₩12,058, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 5.5%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.6b (US$95.4m) 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: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩139.6b market cap, or US$95.4m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩1,970 (vs ₩1,400 in FY 2023) Full year 2024 results: EPS: ₩1,970 (up from ₩1,400 in FY 2023). Revenue: ₩424.8b (up 2.9% from FY 2023). Net income: ₩20.0b (up 41% from FY 2023). Profit margin: 4.7% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Construction 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 7% per year, which means it is well ahead of earnings. Ankündigung • Feb 21
HanmiGlobal Co., Ltd., Annual General Meeting, Mar 21, 2025 HanmiGlobal Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: sapphire hall, 22, teheran-ro 87-gil, gangnam-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.2%). New Risk • Nov 21
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 8.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Buy Or Sell Opportunity • Nov 21
Now 45% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₩19,740. The fair value is estimated to be ₩13,606, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩19,680, the stock trades at a trailing P/E ratio of 16.1x. Average forward P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 83% over the past three years. Buy Or Sell Opportunity • Nov 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to ₩15,530. The fair value is estimated to be ₩12,698, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued Over the last 90 days, the stock has fallen 2.4% to ₩15,680. The fair value is estimated to be ₩12,987, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩267 (vs ₩531 in 2Q 2023) Second quarter 2024 results: EPS: ₩267 (down from ₩531 in 2Q 2023). Revenue: ₩102.6b (down 2.4% from 2Q 2023). Net income: ₩2.72b (down 50% from 2Q 2023). Profit margin: 2.6% (down from 5.1% in 2Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Construction industry in South Korea. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩14,130, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩17,260, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩1,400 (vs ₩2,449 in FY 2022) Full year 2023 results: EPS: ₩1,400 (down from ₩2,449 in FY 2022). Revenue: ₩412.9b (up 10% from FY 2022). Net income: ₩14.2b (down 39% from FY 2022). Profit margin: 3.4% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩550 per share at 2.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 04 April 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩22,200, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 169% over the past three years. New Risk • Oct 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 8.8% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Ankündigung • Aug 01
Hanmi Global Appoints Kim Yong-Sik as Head of North America Hanmi Global said Tuesday that Kim Yong-sik, a former senior vice president of Hyundai Engineering & Construction, had been appointed as its new head of North America to be tasked with accelerating its overseas expansion.Born in 1964, Kim studied architectural engineering at Seoul National University and earned a masters degree in real estate at the National University of Singapore. An industry veteran in the field of overseas construction projects, he worked at Hyundai E&C for 36 years, contributing to the builders overseas expansion.While running 2,900 projects in over 60 countries, Hanmi Global has expanded its global presence by acquiring several US firms, including Otak, Day CPM and Tarr Whitman Group. It set up its US branch in January last year. The US is a key market for Hanmi, as the country offers hefty incentives for reshoring under a $1.2 trillion infrastructure bill. New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% 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 Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩39,650, the stock trades at a trailing P/E ratio of 16x. Average forward P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 419% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩33,000, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 388% over the past three years. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩2,449 (vs ₩1,537 in FY 2021) Full year 2022 results: EPS: ₩2,449 (up from ₩1,537 in FY 2021). Revenue: ₩374.4b (up 39% from FY 2021). Net income: ₩23.4b (up 61% from FY 2021). Profit margin: 6.3% (up from 5.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩25,500, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 346% over the past three years. Buying Opportunity • Mar 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be ₩33,047, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 6.8%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 24% share price gain to ₩33,400, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 4x in the Construction industry in South Korea. Total returns to shareholders of 300% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩450 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.2%). Buying Opportunity • Dec 15
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be ₩36,440, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 6.8%. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩31,200, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 4x in the Construction industry in South Korea. Total returns to shareholders of 242% over the past three years. Buying Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock is up 171%. The fair value is estimated to be ₩45,901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₩31,000, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 3x in the Construction industry in South Korea. Total returns to shareholders of 271% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 23% share price gain to ₩25,450, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 5x in the Construction industry in South Korea. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 33% share price gain to ₩17,900, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 127% 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 16% share price gain to ₩11,100, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 06 April 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.1%). Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩291 (vs ₩146 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩58.0b (up 11% from 1Q 2020). Net income: ₩2.74b (up 90% from 1Q 2020). Profit margin: 4.7% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩13,250, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 12x in the Construction industry in South Korea. Total returns to shareholders of 40% over the past three years. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₩974 (vs ₩2,222 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩232.6b (down 21% from FY 2019). Net income: ₩9.30b (down 58% from FY 2019). Profit margin: 4.0% (down from 7.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Ankündigung • Feb 27
HanmiGlobal Co., Ltd., Annual General Meeting, Mar 26, 2021 HanmiGlobal Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 17
New 90-day high: ₩11,400 The company is up 19% from its price of ₩9,600 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 12% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩200 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.9% is below the top quartile of South Korean dividend payers (2.6%), but is in line with industry peers (2.0%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₩11,100, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 10x in the Construction industry in South Korea. Total returns to shareholders over the past three years are 32%. Is New 90 Day High Low • Dec 11
New 90-day high: ₩10,250 The company is up 15% from its price of ₩8,930 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Construction industry, which is also up 15% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS ₩329 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ₩71.4b (up 38% from 3Q 2019). Net income: ₩3.11b (up 37% from 3Q 2019). Profit margin: 4.4% (in line with 3Q 2019). 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. Is New 90 Day High Low • Nov 09
New 90-day high: ₩9,790 The company is up 12% from its price of ₩8,730 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 5.0% over the same period. 