Annonce • Apr 24
Dongwon Systems Corporation to Report Q1, 2026 Results on Apr 30, 2026 Dongwon Systems Corporation announced that they will report Q1, 2026 results on Apr 30, 2026 Annonce • Mar 12
Dongwon Systems Corporation, Annual General Meeting, Mar 26, 2026 Dongwon Systems Corporation, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 100, asanvalleydong-ro, dunpo-myeon, chungcheongnam-do, asan South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩22,900, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total loss to shareholders of 41% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩523 (vs ₩607 in 3Q 2024) Third quarter 2025 results: EPS: ₩523 (down from ₩607 in 3Q 2024). Revenue: ₩356.4b (up 2.3% from 3Q 2024). Net income: ₩15.3b (down 14% from 3Q 2024). Profit margin: 4.3% (down from 5.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Aug 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩540 (vs ₩761 in 2Q 2024) Second quarter 2025 results: EPS: ₩540 (down from ₩761 in 2Q 2024). Revenue: ₩366.3b (up 6.4% from 2Q 2024). Net income: ₩15.8b (down 29% from 2Q 2024). Profit margin: 4.3% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 15
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.7%). Price Target Changed • Jun 03
Price target decreased by 17% to ₩50,000 Down from ₩60,000, the current price target is provided by 1 analyst. New target price is 56% above last closing price of ₩32,050. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩2,043 for next year compared to ₩2,452 last year. Reported Earnings • Mar 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩2,475 (up from ₩2,194 in FY 2023). Revenue: ₩1.33t (up 4.5% from FY 2023). Net income: ₩72.4b (up 13% from FY 2023). Profit margin: 5.4% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • Mar 13
Dongwon Systems Corporation, Annual General Meeting, Mar 26, 2025 Dongwon Systems Corporation, Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 100, asanvalleydong-ro, dunpo-myeon, chungcheongnam-do, asan South Korea Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩607 (vs ₩718 in 3Q 2023) Third quarter 2024 results: EPS: ₩607 (down from ₩718 in 3Q 2023). Revenue: ₩348.5b (up 11% from 3Q 2023). Net income: ₩17.8b (down 15% from 3Q 2023). Profit margin: 5.1% (down from 6.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Packaging 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 fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Oct 29
Dongwon Systems Corporation to Report Q3, 2024 Results on Nov 01, 2024 Dongwon Systems Corporation announced that they will report Q3, 2024 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩53,600, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Packaging industry in Asia. Total loss to shareholders of 11% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₩761 (vs ₩612 in 2Q 2023) Second quarter 2024 results: EPS: ₩761 (up from ₩612 in 2Q 2023). Revenue: ₩344.4b (up 2.9% from 2Q 2023). Net income: ₩22.3b (up 24% from 2Q 2023). Profit margin: 6.5% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩529 (vs ₩441 in 1Q 2023) First quarter 2024 results: EPS: ₩529 (up from ₩441 in 1Q 2023). Revenue: ₩309.1b (down 5.6% from 1Q 2023). Net income: ₩15.5b (up 20% from 1Q 2023). Profit margin: 5.0% (up from 3.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩38,100, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Packaging industry in Asia. Total loss to shareholders of 31% over the past three years. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩718 (vs ₩642 in 3Q 2022) Third quarter 2023 results: EPS: ₩718 (up from ₩642 in 3Q 2022). Revenue: ₩315.2b (down 20% from 3Q 2022). Net income: ₩21.0b (up 12% from 3Q 2022). Profit margin: 6.7% (up from 4.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% 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 • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩55,700, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Packaging industry in Asia. Total returns to shareholders of 169% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: ₩2,472 (up from ₩1,499 in FY 2021). Revenue: ₩1.44t (up 15% from FY 2021). Net income: ₩72.3b (up 81% from FY 2021). Profit margin: 5.0% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Packaging industry in Asia. 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 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 38% and the cash payout ratio is 90%. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.5%). 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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. Major Estimate Revision • Jul 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩3,045 to ₩2,661 per share. Revenue forecast steady at ₩1.40b. Net income forecast to grow 105% next year vs 21% growth forecast for Packaging industry in South Korea. Consensus price target of ₩100,000 unchanged from last update. Share price was steady at ₩53,800 over the past week. 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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 • Feb 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₩61,800, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 14x in the Packaging industry in South Korea. Total returns to shareholders of 118% over the past three years. 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 27% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₩67,500, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 18x in the Packaging industry in South Korea. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₩49,900, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 19x in the Packaging industry in South Korea. Total returns to shareholders of 63% over the past three years. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩501 (vs ₩442 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩277.0b (up 10% from 1Q 2020). Net income: ₩12.9b (up 14% from 1Q 2020). Profit margin: 4.6% (up from 4.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₩2,003 (vs ₩1,485 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩1.08t (up 3.5% from FY 2019). Net income: ₩51.5b (up 35% from FY 2019). Profit margin: 4.8% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 34% share price gain to ₩49,150, the stock is trading at a trailing P/E ratio of 28.2x, up from the previous P/E ratio of 21x. This compares to an average P/E of 14x in the Packaging industry in South Korea. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Jan 25
New 90-day high: ₩42,000 The company is up 84% from its price of ₩22,850 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩34,450 The company is up 47% from its price of ₩23,400 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 20% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩500 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.6% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.1%). Valuation Update With 7 Day Price Move • Nov 03
Market bids up stock over the past week After last week's 19% share price gain to ₩27,150, the stock is trading at a trailing P/E ratio of 18.4x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 14x in the Packaging industry in South Korea. Total return to shareholders over the past three years is a loss of 39%. Is New 90 Day High Low • Nov 02
New 90-day high: ₩24,950 The company is up 8.0% from its price of ₩23,150 on 04 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 7.0% over the same period.