New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 13% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,585, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Metals and Mining industry in South Korea. Total loss to shareholders of 16% over the past three years. Annonce • Mar 04
Husteel Co., Ltd., Annual General Meeting, Mar 31, 2026 Husteel Co., Ltd., Annual General Meeting, Mar 31, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 131, bugokgongdan-ro, songak-eup, chungcheongnam-do, dangjin South Korea Buy Or Sell Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to ₩3,925. The fair value is estimated to be ₩4,925, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to ₩4,155. The fair value is estimated to be ₩5,270, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩5,200, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩5,370, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 82% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩397 (vs ₩1,285 in FY 2023) Full year 2024 results: EPS: ₩397 (down from ₩1,285 in FY 2023). Revenue: ₩723.1b (down 5.5% from FY 2023). Net income: ₩22.3b (down 69% from FY 2023). Profit margin: 3.1% (down from 9.4% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Mar 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 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Buy Or Sell Opportunity • Feb 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₩4,895. The fair value is estimated to be ₩4,067, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Feb 26
Dividend of ₩150 announced Shareholders will receive a dividend of ₩150. Ex-date: 1st April 2025 Payment date: 18th April 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 5 years. However, payments have been volatile during that time. Annonce • Feb 25
Husteel Co., Ltd., Annual General Meeting, Mar 26, 2025 Husteel Co., Ltd., Annual General Meeting, Mar 26, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 131, bugokgongdan-ro, songak-eup, chungcheongnam-do, dangjin South Korea Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩59.00 loss per share (vs ₩773 profit in 3Q 2023) Third quarter 2024 results: ₩59.00 loss per share (down from ₩773 profit in 3Q 2023). Revenue: ₩186.7b (up 9.0% from 3Q 2023). Net loss: ₩3.29b (down 108% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Aug 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.4% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩3,680, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 74% over the past three years. Buy Or Sell Opportunity • Jul 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to ₩4,455. The fair value is estimated to be ₩3,664, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 35%. New Risk • Jun 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 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (6.5% net profit margin). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩5,350, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 149% over the past three years. Upcoming Dividend • Mar 26
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 19 April 2024. Payout ratio is a comfortable 9.2% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.4%). Upcoming Dividend • Feb 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 19 April 2024. Payout ratio is a comfortable 9.2% but the company is paying out more than the cash it is generating. Trailing yield: 6.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). New Risk • Nov 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Shareholders have been diluted in the past year (43% increase in shares outstanding). Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩870 (vs ₩440 in 1Q 2022) First quarter 2023 results: EPS: ₩870 (up from ₩440 in 1Q 2022). Revenue: ₩247.6b (up 26% from 1Q 2022). Net income: ₩48.9b (up 183% from 1Q 2022). Profit margin: 20% (up from 8.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩6,460, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 345% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩160 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 4.6% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Annonce • Dec 14
Husteel Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 67.405 billion. Husteel Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 67.405 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 17,000,000
Price\Range: KRW 3965
Discount Per Security: KRW 19.825
Transaction Features: ESOP Related Offering; Rights Offering 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. 10 experienced directors. No highly experienced directors. 2 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 • Nov 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₩6,300, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 269% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,890, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,890, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩5,830, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₩8,560, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 350% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 43% share price gain to ₩5,840, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 219% over the past three years. Board Change • Jul 13
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. 10 experienced directors. No highly experienced directors. 2 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 improved over the past week After last week's 390% share price gain to ₩21,950, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 895% 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. 10 experienced directors. No highly experienced directors. 2 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 • Apr 14
Investor sentiment improved over the past week After last week's 28% share price gain to ₩22,750, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 101% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 3.8% and the cash payout ratio is 98%. Trailing yield: 1.4%. 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 • Aug 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₩16,850, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 31% share price gain to ₩19,950, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 30x in the Metals and Mining industry in South Korea. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₩14,500, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 23x in the Metals and Mining industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩12,550, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 22x in the Metals and Mining industry in South Korea. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₩1,134 (vs ₩1,648 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩365.6b (down 32% from FY 2019). Net income: ₩8.64b (up ₩21.2b from FY 2019). Profit margin: 2.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Annonce • Feb 23
Husteel Co., Ltd., Annual General Meeting, Mar 31, 2021 Husteel Co., Ltd., Annual General Meeting, Mar 31, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Feb 18
New 90-day high: ₩8,520 The company is up 18% from its price of ₩7,240 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₩7,570 The company is up 9.0% from its price of ₩6,940 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 32% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩300 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 4.1% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (3.1%). Is New 90 Day High Low • Dec 14
New 90-day high: ₩7,480 The company is up 7.0% from its price of ₩6,990 on 15 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ₩7,240 The company is up 9.0% from its price of ₩6,650 on 18 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period.