New Risk • 7h
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ₩1,269 (vs ₩1,075 in 1Q 2025) First quarter 2026 results: EPS: ₩1,269 (up from ₩1,075 in 1Q 2025). Revenue: ₩232.7b (up 3.8% from 1Q 2025). Net income: ₩39.4b (up 18% from 1Q 2025). Profit margin: 17% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Consumer Durables industry in South Korea. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 12
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at ₩28,250. The fair value is estimated to be ₩36,105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 7.1%. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₩27,750. The fair value is estimated to be ₩34,729, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 7.1%. Buy Or Sell Opportunity • Mar 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to ₩28,000. The fair value is estimated to be ₩35,935, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 7.1%. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩4,685 (vs ₩4,418 in FY 2024) Full year 2025 results: EPS: ₩4,685 (up from ₩4,418 in FY 2024). Revenue: ₩920.9b (up 10% from FY 2024). Net income: ₩145.6b (up 6.0% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Consumer Durables industry in South Korea. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 11
Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 24, 2026 Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 143, chungnyeol-ro, gyeongsangnam-do, yangsan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩1,193 (vs ₩751 in 3Q 2024) Third quarter 2025 results: EPS: ₩1,193 (up from ₩751 in 3Q 2024). Revenue: ₩243.3b (up 20% from 3Q 2024). Net income: ₩38.0b (up 63% from 3Q 2024). Profit margin: 16% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Consumer Durables industry in South Korea. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 08
Dividend of ₩1,200 announced Dividend of ₩1,200 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (382% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 4.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Nov 07
Cuckoo Holdings Co., Ltd. announces Annual dividend, payable on April 16, 2026 Cuckoo Holdings Co., Ltd. announced Annual dividend of KRW 1200.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Annonce • Sep 23
Cuckoo Holdings Co., Ltd. announced that it has received KRW 90.2657151 billion in funding from a group of investors On September 22, 2025. Cuckoo Holdings Co., Ltd. announced that it has closed the transaction. Buy Or Sell Opportunity • Jun 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to ₩31,050. The fair value is estimated to be ₩25,835, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 5.4%. Buy Or Sell Opportunity • May 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₩31,250. The fair value is estimated to be ₩25,127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 5.4%. New Risk • May 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 129% Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩28,000, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 10x in the Consumer Durables industry in South Korea. Total returns to shareholders of 90% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩4,418 (vs ₩4,187 in FY 2023) Full year 2024 results: EPS: ₩4,418 (up from ₩4,187 in FY 2023). Revenue: ₩833.8b (up 8.0% from FY 2023). Net income: ₩137.3b (up 5.5% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Consumer Durables industry in South Korea. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Annonce • Mar 11
Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 25, 2025 Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 143, chungnyeol-ro, gyeongsangnam-do, yangsan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,100 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩4,187 (vs ₩3,755 in FY 2022) Full year 2023 results: EPS: ₩4,187 (up from ₩3,755 in FY 2022). Revenue: ₩772.3b (up 2.2% from FY 2022). Net income: ₩130.1b (up 12% from FY 2022). Profit margin: 17% (up from 15% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩800 per share at 4.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.4%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩700 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.2%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Annonce • Jun 11
Cuckoo Holdings Co., Ltd.(KOSE:A192400) dropped from KOSPI 200 Index Cuckoo Holdings Co., Ltd has been dropped off from KOSPI 200 Index Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩660 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₩17,168 (vs ₩12,779 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩587.8b (up 11% from FY 2019). Net income: ₩106.7b (up 34% from FY 2019). Profit margin: 18% (up from 15% 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 15% per year whereas the company’s share price has increased by 12% per year. Annonce • Mar 16
Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 30, 2021 Cuckoo Holdings Co., Ltd., Annual General Meeting, Mar 30, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Feb 25
New 90-day high: ₩124,000 The company is up 29% from its price of ₩96,300 on 27 November 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 40% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: ₩115,000 The company is up 19% from its price of ₩96,500 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 47% over the same period. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₩113,000, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.8x. This compares to an average P/E of 14x in the Consumer Durables industry in South Korea. Total returns to shareholders over the past three years are 25%. Is New 90 Day High Low • Jan 25
New 90-day high: ₩103,000 The company is up 9.0% from its price of ₩94,700 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 57% over the same period. 
