Buy Or Sell Opportunity • Apr 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₩26,500. The fair value is estimated to be ₩21,161, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has declined by 36%. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Annonce • Mar 07
Kiswire Ltd., Annual General Meeting, Mar 27, 2026 Kiswire Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 63, gurak-ro 141beon-gil, suyeong-gu, busan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩324 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 21 April 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). Declared Dividend • Nov 13
Dividend of ₩324 announced Shareholders will receive a dividend of ₩324. Ex-date: 29th December 2025 Payment date: 21st April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 9 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Mar 27
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: 1.9% Last year net profit margin: 4.0% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). New Risk • Mar 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Annonce • Mar 08
Kiswire Ltd., Annual General Meeting, Mar 28, 2025 Kiswire Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 63, gurak-ro, suyeong-gu, busan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩350 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 April 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.9%). Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩740 loss per share (vs ₩803 profit in 3Q 2023) Third quarter 2024 results: ₩740 loss per share (down from ₩803 profit in 3Q 2023). Revenue: ₩425.1b (down 2.4% from 3Q 2023). Net loss: ₩18.5b (down 192% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 28
Now 23% overvalued Over the last 90 days, the stock has fallen 1.9% to ₩19,580. The fair value is estimated to be ₩15,923, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Sep 23
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to ₩19,220. The fair value is estimated to be ₩16,003, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Aug 23
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to ₩19,320. The fair value is estimated to be ₩16,034, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 28%. New Risk • Apr 30
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩25,500, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 12% over the past three years. New Risk • Feb 07
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 9.0% 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 (9.0% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩26,500, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 111% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩276 per share at 1.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩803 (vs ₩1,627 in 3Q 2022) Third quarter 2023 results: EPS: ₩803 (down from ₩1,627 in 3Q 2022). Revenue: ₩435.4b (down 17% from 3Q 2022). Net income: ₩20.1b (down 51% from 3Q 2022). Profit margin: 4.6% (down from 7.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩22,050, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 52% After last week's 52% share price gain to ₩27,350, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 121% over the past three years. New Risk • Aug 03
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 9.8% 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: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Upcoming Dividend • Dec 21
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 18 April 2023. Payout ratio is a comfortable 4.8% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₩26,900, the stock trades at a trailing P/E ratio of 4.3x. Average forward P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 65% 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. 12 experienced directors. No highly experienced directors. 3 independent directors (8 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 • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩19,950, the stock trades at a trailing P/E ratio of 3.3x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Total loss to shareholders of 8.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 24% share price gain to ₩28,050, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 35% 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. 12 experienced directors. No highly experienced directors. 3 independent directors (8 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 ₩261 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 19 April 2022. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩20,400, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₩31,550, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₩27,350, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₩30,450, the stock trades at a trailing P/E ratio of 72.3x. Average trailing P/E is 30x in the Metals and Mining industry in South Korea. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 23% share price gain to ₩21,500, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 20x in the Metals and Mining industry in South Korea. Total loss to shareholders of 14% over the past three years. Annonce • Mar 06
Kiswire Ltd., Annual General Meeting, Mar 26, 2021 Kiswire Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 24
New 90-day high: ₩18,000 The company is up 39% from its price of ₩12,956 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₩15,250 The company is up 26% from its price of ₩12,130 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 Metals and Mining industry, which is up 29% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩15,000 The company is up 24% from its price of ₩12,130 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₩15,100 The company is up 4.0% from its price of ₩14,550 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 Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩13,100 The company is down 17% from its price of ₩15,750 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 Metals and Mining industry, which is up 9.0% over the same period.