Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₩786 (vs ₩787 in FY 2024) Full year 2025 results: EPS: ₩786 (down from ₩787 in FY 2024). Revenue: ₩179.0b (up 5.1% from FY 2024). Net income: ₩9.75b (flat on FY 2024). Profit margin: 5.4% (down from 5.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Ankündigung • Feb 13
DONGBANG AGRO Corporation, Annual General Meeting, Mar 20, 2026 DONGBANG AGRO Corporation, Annual General Meeting, Mar 20, 2026, at 09:30 Tokyo Standard Time. Location: dasan hall, 114, taebong-ro, seocho-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 April 2026. Payout ratio is a comfortable 54% and the cash payout ratio is 76%. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩299 loss per share (vs ₩183 loss in 3Q 2024) Third quarter 2025 results: ₩299 loss per share (further deteriorated from ₩183 loss in 3Q 2024). Revenue: ₩18.9b (flat on 3Q 2024). Net loss: ₩3.71b (loss widened 64% from 3Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Declared Dividend • Nov 08
Dividend of ₩300 announced Dividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 6th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Nov 07
DONGBANG AGRO Corporation announces Annual dividend, payable on April 06, 2026 DONGBANG AGRO Corporation announced Annual dividend of KRW 300.0000 per share payable on April 06, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 20
Second quarter 2025 earnings released: ₩7.00 loss per share (vs ₩107 profit in 2Q 2024) Second quarter 2025 results: ₩7.00 loss per share (down from ₩107 profit in 2Q 2024). Revenue: ₩40.9b (down 1.6% from 2Q 2024). Net loss: ₩92.0m (down 107% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩787 (vs ₩978 in FY 2023) Full year 2024 results: EPS: ₩787 (down from ₩978 in FY 2023). Revenue: ₩170.2b (up 3.6% from FY 2023). Net income: ₩9.76b (down 20% from FY 2023). Profit margin: 5.7% (down from 7.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Feb 20
DONGBANG AGRO Corporation, Annual General Meeting, Mar 21, 2025 DONGBANG AGRO Corporation, Annual General Meeting, Mar 21, 2025, at 09:30 Tokyo Standard Time. Location: dasan hall, 114, taebong-ro, seocho-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.2%). New Risk • Nov 20
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: 5.9% Last year net profit margin: 9.2% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩76.9b market cap, or US$55.1m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩183 loss per share (vs ₩165 loss in 3Q 2023) Third quarter 2024 results: ₩183 loss per share (further deteriorated from ₩165 loss in 3Q 2023). Revenue: ₩18.9b (up 10% from 3Q 2023). Net loss: ₩2.27b (loss widened 11% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 14
Dividend of ₩300 announced Shareholders will receive a dividend of ₩300. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 4.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: ₩978 (vs ₩546 in FY 2022) Full year 2023 results: EPS: ₩978 (up from ₩546 in FY 2022). Revenue: ₩164.3b (up 12% from FY 2022). Net income: ₩12.1b (up 79% from FY 2022). Profit margin: 7.4% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share at 3.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩1,317 (vs ₩1,018 in 1Q 2022) First quarter 2023 results: EPS: ₩1,317 (up from ₩1,018 in 1Q 2022). Revenue: ₩97.4b (up 24% from 1Q 2022). Net income: ₩16.3b (up 30% from 1Q 2022). Profit margin: 17% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩546 (vs ₩570 in FY 2021) Full year 2022 results: EPS: ₩546 (down from ₩570 in FY 2021). Revenue: ₩146.7b (up 9.4% from FY 2021). Net income: ₩6.78b (down 3.1% from FY 2021). Profit margin: 4.6% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 7.6%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.4%). Board Change • Nov 16
No independent directors 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. No independent directors (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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Jun 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 23 July 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.4%). Board Change • Apr 27
No independent directors 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. No independent directors (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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 30 March 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.8%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 24% share price gain to ₩9,930, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 19x in the Chemicals industry in South Korea. Total returns to shareholders of 31% over the past three years. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₩569 (vs ₩555 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₩129.5b (up 3.9% from FY 2019). Net income: ₩6.72b (up 4.3% from FY 2019). Profit margin: 5.2% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Ankündigung • Feb 17
DONGBANG AGRO Corporation, Annual General Meeting, Mar 19, 2021 DONGBANG AGRO Corporation, Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 19
New 90-day high: ₩6,720 The company is up 8.0% from its price of ₩6,250 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₩6,470 The company is up 2.0% from its price of ₩6,370 on 17 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₩6,430 The company is up 1.0% from its price of ₩6,360 on 26 August 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: ₩199 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ₩18.1b (up 23% from 3Q 2019). Net loss: ₩2.33b (loss narrowed 38% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year.