Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩13,820, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 332% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩14,320, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 339% over the past three years. Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩380 (down from ₩616 in FY 2024). Revenue: ₩676.9b (down 14% from FY 2024). Net income: ₩40.8b (down 38% from FY 2024). Profit margin: 6.0% (down from 8.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Basic Materials industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩18,200, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 498% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩17,350, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 460% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩15,040, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 392% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩5,350, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 67% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩110 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 29 April 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (4.6%). New Risk • Dec 11
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 9.2% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩4,145, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Basic Materials industry in Asia. Total returns to shareholders of 21% over the past three years. Declared Dividend • Nov 08
Dividend of ₩110 announced Dividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 29th April 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 07
SAMPYO Cement Co., Ltd. announces Annual dividend, payable on April 29, 2026 SAMPYO Cement Co., Ltd. announced Annual dividend of KRW 110.0000 per share payable on April 29, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩616 (vs ₩315 in FY 2023) Full year 2024 results: EPS: ₩616 (up from ₩315 in FY 2023). Revenue: ₩790.8b (down 4.0% from FY 2023). Net income: ₩66.1b (up 96% from FY 2023). Profit margin: 8.4% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annonce • Feb 28
SAMPYO Cement Co., Ltd., Annual General Meeting, Mar 31, 2025 SAMPYO Cement Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 20, dongyang-gil, gangwon-do, samcheok South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 April 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (4.3%). New Risk • Dec 09
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. This is currently the only risk that has been identified for the company. New Risk • Sep 17
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 Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,595, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 9x in the Basic Materials industry in South Korea. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,425, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Basic Materials industry in South Korea. Total loss to shareholders of 35% over the past three years. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩315 (vs ₩281 in FY 2022) Full year 2023 results: EPS: ₩315 (up from ₩281 in FY 2022). Revenue: ₩823.7b (up 14% from FY 2022). Net income: ₩33.8b (up 12% from FY 2022). Profit margin: 4.1% (down from 4.2% 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 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩90.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 26 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.3%). Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: ₩281 (vs ₩190 in FY 2021) Full year 2022 results: EPS: ₩281 (up from ₩190 in FY 2021). Revenue: ₩721.1b (up 27% from FY 2021). Net income: ₩30.2b (up 48% from FY 2021). Profit margin: 4.2% (up from 3.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩75.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩156 (vs ₩40.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩156 (up from ₩40.00 in 3Q 2021). Revenue: ₩166.8b (up 26% from 3Q 2021). Net income: ₩16.7b (up 285% from 3Q 2021). Profit margin: 10.0% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: ₩41.00 loss per share (up from ₩74.00 loss in 1Q 2021). Revenue: ₩154.2b (up 34% from 1Q 2021). Net loss: ₩4.36b (loss narrowed 45% from 1Q 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 77%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₩190 (up from ₩128 in FY 2020). Revenue: ₩569.0b (up 4.8% from FY 2020). Net income: ₩20.3b (up 48% from FY 2020). Profit margin: 3.6% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₩5,650, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 20x in the Basic Materials industry in South Korea. Total returns to shareholders of 38% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩75.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₩5,640, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 31x in the Basic Materials industry in South Korea. Total returns to shareholders of 71% over the past three years. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₩128 (vs ₩173 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩543.2b (down 8.8% from FY 2019). Net income: ₩13.7b (down 26% from FY 2019). Profit margin: 2.5% (down from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 02
New 90-day high: ₩5,320 The company is up 34% from its price of ₩3,985 on 02 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 Basic Materials industry, which is up 51% over the same period. Annonce • Feb 20
SAMPYO Cement Co., Ltd., Annual General Meeting, Mar 22, 2021 SAMPYO Cement Co., Ltd., Annual General Meeting, Mar 22, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₩4,905, the stock is trading at a trailing P/E ratio of 34.8x, up from the previous P/E ratio of 30x. This compares to an average P/E of 30x in the Basic Materials industry in South Korea. Total returns to shareholders over the past three years are 53%. Is New 90 Day High Low • Feb 03
New 90-day high: ₩4,905 The company is up 37% from its price of ₩3,580 on 05 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 41% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 22nd of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.4%). Is New 90 Day High Low • Dec 09
New 90-day high: ₩4,305 The company is up 18% from its price of ₩3,660 on 10 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: ₩3,930 The company is up 18% from its price of ₩3,340 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 2.0% over the same period.