Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩1,999, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Shipping industry in Asia. Total returns to shareholders of 4.5% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,130, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Shipping industry in Asia. Total returns to shareholders of 12% over the past three years. New Risk • Apr 10
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 16% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩3,090, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Shipping industry in Asia. Total returns to shareholders of 43% over the past three years. Annonce • Mar 12
Korea Line Corporation, Annual General Meeting, Mar 30, 2026 Korea Line Corporation, Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 279, dokmak-ro, mapo-gu, seoul South Korea New Risk • Mar 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 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 Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩2,820, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Shipping industry in Asia. Total returns to shareholders of 20% over the past three years. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 5.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Annonce • May 23
Korea Line Corporation announced that it has received funding On May 21, 2025, Korea Line Corporation closed the transaction. Price Target Changed • Apr 01
Price target decreased by 10% to ₩2,467 Down from ₩2,750, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ₩1,612. Stock is down 14% over the past year. The company is forecast to post earnings per share of ₩586 for next year compared to ₩508 last year. Annonce • Mar 14
Korea Line Corporation, Annual General Meeting, Mar 28, 2025 Korea Line Corporation, Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 456, gangseo-ro, gangseo-gu, seoul South Korea New Risk • Aug 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). New Risk • Aug 05
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩2,895, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Shipping industry in Asia. Total loss to shareholders of 18% over the past three years. Major Estimate Revision • Jun 25
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.59b to ₩1.76b. EPS estimate increased from ₩455 to ₩697 per share. Net income forecast to grow 89% next year vs 36% growth forecast for Shipping industry in South Korea. Consensus price target up from ₩2,750 to ₩2,825. Share price rose 12% to ₩2,510 over the past week. New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). 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 Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • May 18
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.46b to ₩1.59b. EPS estimate increased from ₩399 to ₩455 per share. Net income forecast to grow 112% next year vs 23% growth forecast for Shipping industry in South Korea. Consensus price target of ₩2,625 unchanged from last update. Share price rose 2.0% to ₩2,245 over the past week. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩2,190, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Shipping industry in Asia. Total loss to shareholders of 35% over the past three years. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: ₩220 (vs ₩507 in FY 2022) Full year 2023 results: EPS: ₩220 (down from ₩507 in FY 2022). Revenue: ₩1.40t (down 13% from FY 2022). Net income: ₩68.3b (down 57% from FY 2022). Profit margin: 4.9% (down from 9.8% in FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Shipping 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 17% per year, which means it is significantly lagging earnings. Annonce • Feb 01
Korea Line Corporation, Annual General Meeting, Mar 08, 2024 Korea Line Corporation, Annual General Meeting, Mar 08, 2024, at 09:00 Korea Standard Time. Location: SM R&D Center, Magokjungang 8-ro 78, Gangseo-gu Seoul South Korea Agenda: To consider Audit report; to consider appointment of inside director Min Tae-Yoon. New Risk • Jan 17
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 9.6% 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: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin). Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,550, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Shipping industry in Asia. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,020, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Shipping industry in Asia. Total loss to shareholders of 32% over the past three years. New Risk • Nov 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x 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 (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin). Price Target Changed • Mar 31
Price target decreased by 8.2% to ₩3,375 Down from ₩3,675, the current price target is an average from 4 analysts. New target price is 55% above last closing price of ₩2,180. Stock is down 21% over the past year. 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 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,975, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Shipping industry in Asia. Total loss to shareholders of 4.1% over the past three years. Price Target Changed • Jun 30
Price target increased to ₩4,100 Up from ₩3,675, the current price target is an average from 3 analysts. New target price is 56% above last closing price of ₩2,620. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩646 for next year compared to ₩891 last year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₩2,670, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Shipping industry in Asia. Total returns to shareholders of 2.5% over the past three years. Major Estimate Revision • May 20
Consensus revenue estimates increase by 22% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ₩1.12b to ₩1.37b. EPS estimate increased from ₩353 to ₩389 per share. Net income forecast to shrink 50% next year vs 9.8% decline forecast for Shipping industry in South Korea. Consensus price target of ₩3,150 unchanged from last update. Share price was steady at ₩2,965 over the past week. Price Target Changed • May 19
Price target decreased to ₩3,150 Down from ₩3,675, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₩3,045. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩356 for next year compared to ₩891 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. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from ₩1.05b to ₩1.03b. EPS estimate rose from ₩515 to ₩663. Net income forecast to shrink 39% next year vs 11% growth forecast for Shipping industry in South Korea . Consensus price target down from ₩3,675 to ₩3,575. Share price fell 5.4% to ₩2,445 over the past week. Price Target Changed • Jun 25
Price target increased to ₩3,520 Up from ₩3,217, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₩3,480. Stock is up 98% over the past year. Annonce • Jun 17
Korea Line Corporation has completed a Follow-on Equity Offering in the amount of KRW 186.516861 billion. Korea Line Corporation has completed a Follow-on Equity Offering in the amount of KRW 186.516861 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 74,906,370
Price\Range: KRW 2490
Discount Per Security: KRW 12.45
Transaction Features: ESOP Related Offering; Rights Offering Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩210 (vs ₩1,648 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₩225.5b (down 2.2% from 1Q 2020). Net income: ₩49.5b (up 26% from 1Q 2020). Profit margin: 22% (up from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,885, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 11x in the Shipping industry in Asia. Total returns to shareholders of 6.3% over the past three years. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₩37.00 (vs ₩3,741 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩884.1b (down 12% from FY 2019). Net income: ₩8.79b (down 90% from FY 2019). Profit margin: 1.0% (down from 9.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Annonce • Mar 13
Korea Line Corporation, Annual General Meeting, Mar 30, 2021 Korea Line Corporation, Annual General Meeting, Mar 30, 2021, at 09:00 Korea Standard Time. Major Estimate Revision • Jan 23
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₩100 to ₩86.14. Revenue estimate was approximately flat at ₩884.7m. Net income is expected to grow by 191% next year compared to 43% growth forecast for the Shipping industry in South Korea. The consensus price target increased from ₩2,557 to ₩2,786. Share price is up 2.3% to ₩3,390 over the past week. Price Target Changed • Jan 23
Price target raised to ₩2,786 Up from ₩2,557, the current price target is an average from 8 analysts. The new target price is 18% below the current share price of ₩3,390. As of last close, the stock is up 57% over the past year. Major Estimate Revision • Jan 06
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from ₩9.37 to ₩100. Revenue estimate for the same period was approximately flat at ₩887.3m. Net income is expected to grow by 171% next year compared to 25% growth forecast for the Shipping industry in South Korea. The consensus price target of ₩2,557 was unchanged from the last update. Share price is up 23% to ₩3,740 over the past week. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 27% share price gain to ₩3,830, the stock is trading at a trailing P/E ratio of 55.7x, up from the previous P/E ratio of 44x. This compares to an average P/E of 18x in the Shipping industry in South Korea. Total returns to shareholders over the past three years are 53%. Is New 90 Day High Low • Jan 05
New 90-day high: ₩3,830 The company is up 112% from its price of ₩1,810 on 05 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 75% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩3,580 per share. Major Estimate Revision • Nov 27
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₩159 to ₩122. Revenue estimate was approximately flat at ₩949.3m. Net income is expected to grow by 176% next year compared to 23% growth forecast for the Shipping industry in South Korea. The consensus price target increased from ₩2,400 to ₩2,486. Share price is up 8.3% to ₩3,055 over the past week. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 31% share price gain to ₩2,115, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 11x in the Shipping industry in South Korea. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Nov 09
New 90-day high: ₩2,115 The company is up 27% from its price of ₩1,660 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩1,945 per share. Is New 90 Day High Low • Oct 11
New 90-day high: ₩1,810 The company is up 9.0% from its price of ₩1,660 on 13 July 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩545 per share. Major Estimate Revision • Oct 10
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₩182 to ₩159. Revenue estimate was approximately flat at ₩945.2m. Net income is expected to shrink by 13% next year compared to 6.6% growth forecast for the Shipping industry in South Korea . The consensus price target of ₩2,400 was unchanged from the last update. Share price is up 7.1% to ₩1,810 over the past week. Is New 90 Day High Low • Oct 07
New 90-day high: ₩1,810 The company is up 8.0% from its price of ₩1,680 on 09 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩1,431 per share. Is New 90 Day High Low • Oct 05
New 90-day high: ₩1,810 The company is up 6.0% from its price of ₩1,710 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,312 per share.