Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩37,350, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩63,812 per share. Price Target Changed • Apr 22
Price target increased by 9.3% to ₩28,664 Up from ₩26,230, the current price target is an average from 11 analysts. New target price is 19% below last closing price of ₩35,550. Stock is up 181% over the past year. The company is forecast to post earnings per share of ₩2,668 for next year compared to ₩991 last year. New Risk • Apr 16
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 13% 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 (13% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩29,150, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,033 per share. Annonce • Mar 13
BH Co., Ltd., Annual General Meeting, Mar 26, 2026 BH Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 25, pyeongcheon-ro 199beon-gil, bupyeong-gu, incheon South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩15,130, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in South Korea. Total loss to shareholders of 37% over the past three years. Price Target Changed • Feb 11
Price target increased by 9.8% to ₩23,409 Up from ₩21,318, the current price target is an average from 11 analysts. New target price is 8.1% above last closing price of ₩21,650. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₩539 for next year compared to ₩2,133 last year. Reported Earnings • Nov 19
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₩1,215 (up from ₩1,084 in 3Q 2024). Revenue: ₩562.5b (up 13% from 3Q 2024). Net income: ₩37.8b (up 11% from 3Q 2024). Profit margin: 6.7% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Annonce • Sep 24
BH Co., Ltd. announced that it has received KRW 27 billion in funding from Samsung Securities Co.,Ltd., NH Investment & Securities Co., Ltd., Kiwoom Securities Co., Ltd., IBK Securities Co., Ltd., LS SECURITIES Co., Ltd. On September 23, 2025, BH Co., Ltd closed the transaction. Annonce • Sep 17
BH Co., Ltd. announced that it expects to receive KRW 27 billion in funding from Samsung Securities Co.,Ltd., NH Investment & Securities Co., Ltd., Kiwoom Securities Co., Ltd., IBK Securities Co., Ltd., LS SECURITIES Co., Ltd. BH Co., Ltd announced a private placement to issue Series 4 Zero Coupon Bearer Unsecured Convertible Bonds for aggregate gross proceeds of KRW 27,000,000,000 on September 15, 2025. The bonds are restricted, 100% convertible into common shares at a conversion price of KRW 21,600, will have a maturity date of September 23, 2030 and a conversion period between October 23, 2025 to August 23, 2030. The transaction has been approved by the board of directors and is expected to close on September 23, 2025. The transaction will include participation from Samsung Securities Co.,Ltd, NH Investment & Securities Co., Ltd, Kiwoom Securities Co., Ltd, IBK Securities Co., Ltd and LS SECURITIES Co., Ltd. Reported Earnings • Aug 19
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₩69.00 (down from ₩843 in 2Q 2024). Revenue: ₩389.7b (down 17% from 2Q 2024). Net income: ₩2.11b (down 92% from 2Q 2024). Profit margin: 0.5% (down from 5.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩17,960, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past three years. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.76b to ₩1.74b. EPS estimate also fell from ₩1,864 per share to ₩1,462 per share. Net income forecast to grow 123% next year vs 13% growth forecast for Electronic industry in South Korea. Consensus price target of ₩18,800 unchanged from last update. Share price was steady at ₩12,880 over the past week. Price Target Changed • Jun 11
Price target decreased by 8.0% to ₩20,400 Down from ₩22,167, the current price target is an average from 10 analysts. New target price is 62% above last closing price of ₩12,600. Stock is down 43% over the past year. The company is forecast to post earnings per share of ₩1,857 for next year compared to ₩2,133 last year. Reported Earnings • May 21
First quarter 2025 earnings released: ₩917 loss per share (vs ₩363 profit in 1Q 2024) First quarter 2025 results: ₩917 loss per share (down from ₩363 profit in 1Q 2024). Revenue: ₩332.4b (up 11% from 1Q 2024). Net loss: ₩28.3b (down 347% from profit in 1Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩11,630, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Electronic industry in South Korea. Total loss to shareholders of 53% over the past three years. New Risk • Apr 01
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: 3.8% Last year net profit margin: 5.7% 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. This is currently the only risk that has been identified for the company. Annonce • Mar 18
BH Co., Ltd., Annual General Meeting, Mar 31, 2025 BH Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 25, pyeongcheon-ro 199beon-gil, bupyeong-gu, incheon South Korea Price Target Changed • Mar 01
Price target decreased by 9.2% to ₩22,917 Down from ₩25,250, the current price target is an average from 12 analysts. New target price is 53% above last closing price of ₩15,020. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩2,913 for next year compared to ₩2,863 last year. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩17,490, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Electronic industry in South Korea. Total loss to shareholders of 16% over the past three years. Annonce • Dec 12
BH Co., Ltd. (KOSE:A090460) announces an Equity Buyback for KRW 10,000 million worth of its shares. BH Co., Ltd. (KOSE:A090460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares, under the contract with Samsung securities co., Ltd. The purpose of the program is to enhance shareholders' value and to stabilize the share price. The program will be valid until June 11, 2025. As of December 11, 2024, the company had 3,082,168 shares in treasury under the dividend capacity and no shares in treasury under other capacities. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩23,850, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩21,400, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 15% over the past three years. Price Target Changed • Jul 17
Price target increased by 9.4% to ₩31,958 Up from ₩29,208, the current price target is an average from 12 analysts. New target price is 21% above last closing price of ₩26,450. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of ₩3,303 for next year compared to ₩2,863 last year. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩24,700, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 36% over the past three years. New Risk • Jun 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 8.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Price Target Changed • May 31
Price target increased by 7.4% to ₩28,583 Up from ₩26,625, the current price target is an average from 12 analysts. New target price is 8.1% above last closing price of ₩26,450. Stock is up 1.1% over the past year. The company is forecast to post earnings per share of ₩3,129 for next year compared to ₩2,863 last year. Major Estimate Revision • May 04
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.72b to ₩1.74b. EPS estimate increased from ₩2,663 to ₩2,978 per share. Net income forecast to grow 10% next year vs 43% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩26,958. Share price rose 24% to ₩20,700 over the past week. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩20,650, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 29% over the past three years. Price Target Changed • Feb 27
Price target decreased by 8.1% to ₩27,625 Down from ₩30,045, the current price target is an average from 12 analysts. New target price is 62% above last closing price of ₩17,100. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩3,301 for next year compared to ₩4,551 last year. Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.75b to ₩1.66b. EPS estimate also fell from ₩3,442 per share to ₩3,012 per share. Net income forecast to grow 15% next year vs 61% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩30,045 to ₩28,708. Share price fell 2.8% to ₩17,640 over the past week. Annonce • Feb 20
BH Co., Ltd. (KOSE:A090460) announces an Equity Buyback for KRW 5,000 million worth of its shares. BH Co., Ltd. (KOSE:A090460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, under the contract with samsung securities co., Ltd. The purpose of the program is to enhance shareholders' value and to stabilize the share price. The program will be valid until August 19, 2024. As of February 19, 2024, the company had 2,788,561 shares in treasury under the dividend capacity and no shares in treasury under other capacities. Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Price Target Changed • Nov 07
Price target decreased by 9.2% to ₩32,700 Down from ₩36,000, the current price target is an average from 10 analysts. New target price is 64% above last closing price of ₩19,960. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₩3,356 for next year compared to ₩4,551 last year. Price Target Changed • Nov 01
Price target decreased by 7.8% to ₩34,222 Down from ₩37,125, the current price target is an average from 9 analysts. New target price is 84% above last closing price of ₩18,580. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₩3,535 for next year compared to ₩4,551 last year. New Risk • Aug 26
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: 6.9% Last year net profit margin: 10% 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: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.9% net profit margin). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩26,350, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,156 per share. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 4.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (1.0%). Annonce • Nov 16
BH Co., Ltd. (KOSDAQ:A090460) announces an Equity Buyback for KRW 5,000 million worth of its shares. BH Co., Ltd. (KOSDAQ:A090460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, under the contract with samsung securities co., Ltd. The purpose of the program is to enhance shareholders' value and to stabilize the share price. The program will be valid until May 14, 2023. As of November 14, 2022, the company had 2,586,488 shares in treasury under the dividend capacity and no shares in treasury under other capacities. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩27,150, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 47% over the past three years. Price Target Changed • Jun 14
Price target increased to ₩34,511 Up from ₩31,371, the current price target is an average from 9 analysts. New target price is 33% above last closing price of ₩25,900. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₩3,540 for next year compared to ₩2,630 last year. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 • Mar 22
Investor sentiment improved over the past week After last week's 21% share price gain to ₩22,800, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,743 per share. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩19,550, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 17% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Price Target Changed • Nov 30
Price target increased to ₩25,844 Up from ₩24,100, the current price target is an average from 9 analysts. New target price is 22% above last closing price of ₩21,100. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of ₩1,838 for next year compared to ₩848 last year. Price Target Changed • May 23
Price target decreased to ₩23,818 Down from ₩26,636, the current price target is an average from 11 analysts. New target price is 45% above last closing price of ₩16,400. Stock is down 7.6% over the past year. Price Target Changed • May 11
Price target decreased to ₩24,364 Down from ₩26,636, the current price target is an average from 11 analysts. New target price is 47% above last closing price of ₩16,550. Stock is down 3.2% over the past year. Is New 90 Day High Low • Mar 04
New 90-day low: ₩17,950 The company is down 15% from its price of ₩21,150 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩83,313 per share. Price Target Changed • Feb 13
Price target lowered to ₩27,182 Down from ₩29,300, the current price target is an average from 10 analysts. The new target price is 42% above the current share price of ₩19,200. As of last close, the stock is down 17% over the past year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩19,200, the stock is trading at a trailing P/E ratio of 18.2x, down from the previous P/E ratio of 21.5x. This compares to an average P/E of 28x in the Electronic industry in South Korea. Total return to shareholders over the past three years is a loss of 2.4%. Is New 90 Day High Low • Feb 09
New 90-day low: ₩20,050 The company is down 6.0% from its price of ₩21,400 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩53,731 per share. Is New 90 Day High Low • Jan 14
New 90-day high: ₩23,600 The company is up 7.0% from its price of ₩22,000 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 Electronic industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩59,168 per share.