Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 43% After last week's 43% share price decline to ₩119,200, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 21x in the Electrical industry in South Korea. Total returns to shareholders of 857% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩252,500, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 32x in the Electrical industry in South Korea. Total returns to shareholders of 1,217% over the past three years. New Risk • May 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (23% average weekly change). High level of non-cash earnings (23% accrual ratio). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩241,500, the stock trades at a trailing P/E ratio of 77.7x. Average trailing P/E is 53x in the Electrical industry in South Korea. Total returns to shareholders of 1,449% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩128,100, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 37x in the Electrical industry in South Korea. Total returns to shareholders of 667% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩113,900, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 33x in the Electrical industry in South Korea. Total returns to shareholders of 670% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩3,107 (vs ₩3,270 in FY 2024) Full year 2025 results: EPS: ₩3,107. Revenue: ₩2.55t (up 47% from FY 2024). Net income: ₩51.4b (up 103% from FY 2024). Profit margin: 2.0% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 04
Now 22% undervalued Over the last 90 days, the stock has risen 16% to ₩87,600. The fair value is estimated to be ₩112,190, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩121,500, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 34x in the Electrical industry in South Korea. Total returns to shareholders of 680% over the past three years. Upcoming Dividend • Feb 19
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 08 April 2026. Trailing yield: 0.1%. Lower than top quartile of South Korean dividend payers (3.4%). Lower than average of industry peers (0.5%). Buy Or Sell Opportunity • Jan 07
Now 24% undervalued Over the last 90 days, the stock has risen 65% to ₩88,800. The fair value is estimated to be ₩116,628, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩95,400, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 27x in the Electrical industry in South Korea. Total returns to shareholders of 430% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩86,600, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 375% over the past three years. New Risk • Nov 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩66,800, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 340% over the past three years. New Risk • Oct 31
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 7.6% 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 Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Minor Risks High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩68,700, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 27x in the Electrical industry in South Korea. Total returns to shareholders of 327% over the past three years. New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Minor Risks High level of debt (47% net debt to equity). Less than 3 years of financial data is available. New Risk • May 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩73,400, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Electrical industry in South Korea. Total returns to shareholders of 261% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩59,100, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Electrical industry in South Korea. Total returns to shareholders of 188% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩45,000, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Electrical industry in South Korea. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩41,200, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electrical industry in South Korea. Total returns to shareholders of 99% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩3,270 (vs ₩2,907 in FY 2023) Full year 2024 results: EPS: ₩3,270 (up from ₩2,907 in FY 2023). Revenue: ₩1.73t (up 15% from FY 2023). Net income: ₩25.4b (up 42% from FY 2023). Profit margin: 1.5% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 11
GAON CABLE Co., Ltd., Annual General Meeting, Mar 25, 2025 GAON CABLE Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 120, ls-ro 45beon-gil, gyeonggi-do, gunpo South Korea Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩55,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Electrical industry in South Korea. Total returns to shareholders of 208% over the past three years. Buy Or Sell Opportunity • Jan 20
Now 25% undervalued Over the last 90 days, the stock has risen 54% to ₩59,500. The fair value is estimated to be ₩79,733, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 13%. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩49,100, the stock trades at a trailing P/E ratio of 23.5x. Average forward P/E is 16x in the Electrical industry in South Korea. Total returns to shareholders of 168% over the past three years. Annonce • Nov 20
GAON CABLE Co., Ltd. announced that it expects to receive KRW 204.165206912 billion in funding from LS Cable & System Ltd. GAON CABLE Co., Ltd. announced a private placement of 6,684,736 common shares at a price of KRW 30,542 for gross proceeds of KRW 204,165,206,912 on November 19, 2024. The transaction includes participation from returning investor, LS Cable & System Ltd.. The transaction has been approved by the board of directors of the company. The payment date of the transaction is February 28, 2025. The issuance is under protective custody for 1 year. . Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩34,200, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 77% over the past three years. Annonce • Nov 01
GAON CABLE Co., Ltd. (KOSE:A000500) acquired G & P Co.,Ltd. from LS Cable & System Ltd. for KRW 79.2 million. GAON CABLE Co., Ltd. (KOSE:A000500) acquired G & P Co.,Ltd. from LS Cable & System Ltd. for KRW 79.2 million on October 26, 2024. A cash consideration will be paid by GAON CABLE Co., Ltd.
GAON CABLE Co., Ltd. (KOSE:A000500) completed the acquisition of G & P Co.,Ltd. from LS Cable & System Ltd. on October 26, 2024. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩38,450, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩30,050, the stock trades at a trailing P/E ratio of 12.4x. Average forward P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩42,850, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩54,600, the stock trades at a trailing P/E ratio of 21.6x. Average forward P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩51,500, the stock trades at a trailing P/E ratio of 20.3x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩47,600, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 130% over the past three years. Annonce • Apr 27
GAON CABLE Co., Ltd. (KOSE:A000500) acquired Moonkyung Buildwin Solar Power Co., Ltd. from LS Buildwin Co., Ltd. for KRW 1.51 trillion. GAON CABLE Co., Ltd. (KOSE:A000500) acquired Moonkyung Buildwin Solar Power Co., Ltd. from LS Buildwin Co., Ltd. for KRW 1.51 Trillion on April 22, 2024.
GAON CABLE Co., Ltd. (KOSE:A000500) completed the acquisition of Moonkyung Buildwin Solar Power Co., Ltd. from LS Buildwin Co., Ltd. on April 22, 2024. New Risk • Apr 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩33,600, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 63% over the past three years. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩2,907 (vs ₩2,458 in FY 2022) Full year 2023 results: EPS: ₩2,907 (up from ₩2,458 in FY 2022). Revenue: ₩1.50t (up 5.8% from FY 2022). Net income: ₩17.9b (up 71% from FY 2022). Profit margin: 1.2% (up from 0.7% 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 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩28,050, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 77% over the past three years. Annonce • Feb 01
GAON CABLE Co., Ltd. (KOSE:A000500) acquired Buildwinjeonjugaon Co. Ltd from LS Buildwin Co., Ltd. for KRW 1.2 billion. GAON CABLE Co., Ltd. (KOSE:A000500) acquired Buildwinjeonjugaon Co. Ltd from LS Buildwin Co., Ltd. for KRW 1.2 billion on January 26, 2024.
GAON CABLE Co., Ltd. (KOSE:A000500) completed the acquisition of Buildwinjeonjugaon Co. Ltd from LS Buildwin Co., Ltd. on January 26, 2024. New Risk • Jan 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 9.9% 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: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩26,500, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 57% over the past three years. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Annonce • Dec 21
GAON CABLE Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 13.73 billion. GAON CABLE Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 13.73 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: KRW 13730
Transaction Features: Rights Offering Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 1.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (0.3%). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩22,650, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,200, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total loss to shareholders of 4.1% 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 Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩117.9b market cap, or US$86.8m). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: ₩1,238 (vs ₩1,525 in 2Q 2022) Second quarter 2023 results: EPS: ₩1,238. Revenue: ₩338.2b (down 13% from 2Q 2022). Net income: ₩7.59b (up 27% from 2Q 2022). Profit margin: 2.2% (up from 1.5% in 2Q 2022). Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩1,432 (vs ₩980 in 1Q 2022) First quarter 2023 results: EPS: ₩1,432 (up from ₩980 in 1Q 2022). Revenue: ₩376.0b (up 13% from 1Q 2022). Net income: ₩8.78b (up 128% from 1Q 2022). Profit margin: 2.3% (up from 1.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩2,458 (vs ₩1,489 in FY 2021) Full year 2022 results: EPS: ₩2,458 (up from ₩1,489 in FY 2021). Revenue: ₩1.42t (up 32% from FY 2021). Net income: ₩10.5b (up 79% from FY 2021). Profit margin: 0.7% (up from 0.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩420 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 07 April 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩18,650, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 9.2% over the past three years. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₩17,700, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 21% over the past three years. Annonce • Oct 26
GAON CABLE Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23.414866 billion. GAON CABLE Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23.414866 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,198,579
Price\Range: KRW 10650
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩19,050, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 41% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: ₩1,525 (vs ₩455 in 2Q 2021) Second quarter 2022 results: EPS: ₩1,525 (up from ₩455 in 2Q 2021). Revenue: ₩390.0b (up 45% from 2Q 2021). Net income: ₩5.99b (up 235% from 2Q 2021). Profit margin: 1.5% (up from 0.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩23,800, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 31% over the past three years. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 35% 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 (0.7%). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 46% share price gain to ₩39,350, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 56% 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 18% share price gain to ₩24,650, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 15% over the past three years. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₩2,418 (vs ₩1,391 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩857.4b (up 3.3% from FY 2019). Net income: ₩9.51b (up 74% from FY 2019). Profit margin: 1.1% (up from 0.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 26
New 90-day low: ₩20,700 The company is down 9.0% from its price of ₩22,750 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is down 3.0% over the same period. Annonce • Feb 10
GAON CABLE Co., Ltd., Annual General Meeting, Mar 25, 2021 GAON CABLE Co., Ltd., Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 31
New 90-day low: ₩20,800 The company is down 1.0% from its price of ₩20,950 on 02 November 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩20,800, the stock is trading at a trailing P/E ratio of 9.2x, down from the previous P/E ratio of 10.9x. This compares to an average P/E of 23x in the Electrical industry in South Korea. Total return to shareholders over the past three years is a loss of 7.3%. Is New 90 Day High Low • Jan 14
New 90-day high: ₩23,350 The company is up 4.0% from its price of ₩22,400 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 22% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩600 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.7% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (1.2%). 
