Reported Earnings • Mar 14
Full year 2025 earnings released: ₩227 loss per share (vs ₩55.00 loss in FY 2024) Full year 2025 results: ₩227 loss per share (further deteriorated from ₩55.00 loss in FY 2024). Revenue: ₩256.6b (up 4.2% from FY 2024). Net loss: ₩4.58b (loss widened 314% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩72.5b market cap, or US$48.3m). Annonce • Mar 04
Histeel Co.,Ltd., Annual General Meeting, Mar 19, 2026 Histeel Co.,Ltd., Annual General Meeting, Mar 19, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 59, hogupo-ro, namdong-gu, incheon South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩10.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩133 loss per share (vs ₩47.00 loss in 3Q 2024) Third quarter 2025 results: ₩133 loss per share (further deteriorated from ₩47.00 loss in 3Q 2024). Revenue: ₩54.0b (up 4.1% from 3Q 2024). Net loss: ₩2.68b (loss widened 185% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 08
Dividend of ₩10.00 announced Shareholders will receive a dividend of ₩10.00. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 3%. Reported Earnings • Aug 19
Second quarter 2025 earnings released: ₩27.00 loss per share (vs ₩169 loss in 2Q 2024) Second quarter 2025 results: ₩27.00 loss per share (improved from ₩169 loss in 2Q 2024). Revenue: ₩58.9b (up 5.1% from 2Q 2024). Net loss: ₩546.5m (loss narrowed 84% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
Full year 2024 earnings released: ₩55.00 loss per share (vs ₩65.00 profit in FY 2023) Full year 2024 results: ₩55.00 loss per share (down from ₩65.00 profit in FY 2023). Revenue: ₩246.3b (down 4.0% from FY 2023). Net loss: ₩1.10b (down 185% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. New Risk • Mar 05
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 11% 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 Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩80.5b market cap, or US$55.5m). Annonce • Mar 05
Histeel Co.,Ltd., Annual General Meeting, Mar 20, 2025 Histeel Co.,Ltd., Annual General Meeting, Mar 20, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 59, hogupo-ro, namdong-gu, incheon South Korea Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩3,000, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩4,645, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 36% over the past three years. New Risk • May 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₩85.8b market cap, or US$63.0m). Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,810, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 3.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,430, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 26% over the past three years. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩65.00 (vs ₩574 in FY 2022) Full year 2023 results: EPS: ₩65.00 (down from ₩574 in FY 2022). Revenue: ₩256.7b (down 19% from FY 2022). Net income: ₩1.31b (down 89% from FY 2022). Profit margin: 0.5% (down from 3.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. 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: ₩69.00 (vs ₩218 in 3Q 2022) Third quarter 2023 results: EPS: ₩69.00 (down from ₩218 in 3Q 2022). Revenue: ₩70.4b (down 27% from 3Q 2022). Net income: ₩1.38b (down 68% from 3Q 2022). Profit margin: 2.0% (down from 4.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩4,380, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 164% over the past three years. New Risk • Aug 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₩67.9b market cap, or US$51.0m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,605, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,710, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 177% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩574 (vs ₩576 in FY 2021) Full year 2022 results: EPS: ₩574 (down from ₩576 in FY 2021). Revenue: ₩316.4b (up 40% from FY 2021). Net income: ₩11.5b (flat on FY 2021). Profit margin: 3.6% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩5,000, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 185% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩40.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 7.7% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩3,815, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 68% 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 29% share price gain to ₩5,080, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,865, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 109% over the past three years. Annonce • Aug 19
Histeel Co.,Ltd. announced that it expects to receive KRW 800.001146 million in funding from Nongshim Capital Co., Ltd. Histeel Co.,Ltd. announced a private placement of 192,031 shares at an issue price of KRW 4,166 for proceeds of KRW 800,001,146 on August 17, 2022. The transaction will include participation from new investor Nongshim Capital Co., Ltd. The shares will be issued pursuant to 3rd party allocation increase method. The payment date of the transaction is August 26, 2022. The shares are subject to a hold period of one year. The transaction has been approved by the board of directors. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩4,590, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 105% 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 20% share price gain to ₩5,320, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to ₩4,240, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 91% over the past three years. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩576 (up from ₩630 loss in FY 2020). Revenue: ₩226.2b (up 40% from FY 2020). Net income: ₩11.5b (up ₩12.8b from FY 2020). Profit margin: 5.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,710, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 9.6% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improved over the past week After last week's 25% share price gain to ₩3,395, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩10.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. Payout ratio is a comfortable 1.4% but the company is not cash flow positive. Trailing yield: 0.4%. 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 • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,510, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 14% over the past three years. Reported Earnings • Mar 10
Full year 2020 earnings released: ₩630 loss per share (vs ₩16.00 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩161.7b (down 25% from FY 2019). Net loss: ₩1.26b (down ₩1.29b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Feb 27
Histeel Co.,Ltd., Annual General Meeting, Mar 17, 2021 Histeel Co.,Ltd., Annual General Meeting, Mar 17, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 09
New 90-day high: ₩21,400 The company is up 39% from its price of ₩15,400 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩20,050 The company is up 25% from its price of ₩16,050 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 25% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩19,300 The company is up 18% from its price of ₩16,350 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 28% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩100.00 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 0.5% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (3.1%). Is New 90 Day High Low • Dec 03
New 90-day high: ₩17,500 The company is up 9.0% from its price of ₩16,000 on 04 September 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 20% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: ₩15,400 The company is down 9.0% from its price of ₩16,900 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period.