Buy Or Sell Opportunity • 1h
Now 20% overvalued Over the last 90 days, the stock has fallen 22% to ₩6,460. The fair value is estimated to be ₩5,377, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩7,320, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 48% over the past three years. New Risk • May 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩147.9b (US$98.0m) 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 Risk Earnings have declined by 60% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩147.9b market cap, or US$98.0m). Anuncio • Mar 07
Paseco Co. Ltd, Annual General Meeting, Mar 27, 2026 Paseco Co. Ltd, Annual General Meeting, Mar 27, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 248, wonsi-ro, danwon-gu, gyeonggi-do, ansan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 24 April 2026. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.9%). Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩56.4b (up 9.4% from 3Q 2024). Net income: ₩5.49b (up ₩6.91b from 3Q 2024). Profit margin: 9.7% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 24th April 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.5%. Sustainability & Growth The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Anuncio • Nov 07
Paseco Co. Ltd announces Annual dividend, payable on April 24, 2026 Paseco Co. Ltd announced Annual dividend of KRW 100.0000 per share payable on April 24, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Jul 14
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 8.6% 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 50% per year over the past 5 years. 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 (8.6% average weekly change). Anuncio • Mar 07
Paseco Co. Ltd, Annual General Meeting, Mar 28, 2025 Paseco Co. Ltd, Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 248, wonsi-ro, danwon-gu, gyeonggi-do, ansan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 April 2025. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (2.8%). New Risk • Dec 08
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩88.4b market cap, or US$62.1m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩71.00 loss per share (vs ₩171 profit in 3Q 2023) Third quarter 2024 results: ₩71.00 loss per share (down from ₩171 profit in 3Q 2023). Revenue: ₩51.6b (down 7.6% from 3Q 2023). Net loss: ₩1.43b (down 142% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.5b (US$99.3m) 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 Risk Earnings have declined by 9.2% per year over the past 5 years. 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). Market cap is less than US$100m (₩136.5b market cap, or US$99.3m). Buy Or Sell Opportunity • May 02
Now 22% overvalued Over the last 90 days, the stock has fallen 7.2% to ₩9,340. The fair value is estimated to be ₩7,653, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 39%. New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.4%). New Risk • Nov 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Upcoming Dividend • Dec 21
Upcoming dividend of ₩210 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.2%). Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ₩299 (vs ₩293 in 3Q 2021) Third quarter 2022 results: EPS: ₩299 (up from ₩293 in 3Q 2021). Revenue: ₩83.3b (flat on 3Q 2021). Net income: ₩5.98b (up 2.3% from 3Q 2021). Profit margin: 7.2% (up from 7.0% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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. 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 ₩11,800, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total returns to shareholders of 96% 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 19% share price gain to ₩17,350, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 16x in the Consumer Durables industry in South Korea. Total returns to shareholders of 120% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ₩24.00 (vs ₩29.00 in 1Q 2021) First quarter 2022 results: EPS: ₩24.00 (down from ₩29.00 in 1Q 2021). Revenue: ₩27.4b (up 14% from 1Q 2021). Net income: ₩481.8m (down 17% from 1Q 2021). Profit margin: 1.8% (down from 2.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 19% share price gain to ₩19,700, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 19x in the Consumer Durables industry in South Korea. Total returns to shareholders of 440% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Paseco since going public. The average dividend yield among industry peers is 1.1%. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩418 (vs ₩394 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₩84.0b (up 51% from 3Q 2020). Net income: ₩5.84b (up 6.1% from 3Q 2020). Profit margin: 7.0% (down from 9.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 25% share price gain to ₩23,750, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 16x in the Consumer Durables industry in South Korea. Total returns to shareholders of 336% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩20,950, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 22% share price gain to ₩26,550, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 413% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₩19,400, the stock is trading at a trailing P/E ratio of 20x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 16x in the Consumer Durables industry in South Korea. Total returns to shareholders over the past three years are 272%. Is New 90 Day High Low • Mar 04
New 90-day high: ₩16,850 The company is up 29% from its price of ₩13,050 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 37% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: ₩14,700 The company is up 9.0% from its price of ₩13,450 on 10 November 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 44% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: ₩14,400 The company is up 10.0% from its price of ₩13,100 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 35% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 29th of December. The company last paid an ordinary dividend in March 2010. The average dividend yield among industry peers is 1.1%. Is New 90 Day High Low • Sep 24
New 90-day low: ₩10,400 The company is down 26% from its price of ₩14,100 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 25% over the same period.