Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩25,150, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 201% 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 ₩21,000, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩23,600, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 10x in the Construction industry in South Korea. Total returns to shareholders of 197% over the past three years. Annuncio • Apr 27
Sebo Manufacturing, Engineering & Construction Corp. (KOSDAQ:A011560) announces an Equity Buyback for KRW 2,000 million worth of its shares. Sebo Manufacturing, Engineering & Construction Corp. (KOSDAQ:A011560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on April 28, 2027. As of April 26, 2026, the company had 265,128 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Annuncio • Feb 27
Sebo Manufacturing, Engineering & Construction Corp., Annual General Meeting, Mar 26, 2026 Sebo Manufacturing, Engineering & Construction Corp., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: melon hall, 213, gangnam-daero, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩17,590, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 154% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩550 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 03 April 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.7%). New Risk • Nov 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.4% net profit margin). Declared Dividend • Nov 08
Dividend of ₩550 announced Dividend of ₩550 is the same as last year. Ex-date: 29th December 2025 Payment date: 3rd April 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Nov 07
Sebo Manufacturing, Engineering & Construction Corp. announces Annual dividend, payable on April 03, 2026 Sebo Manufacturing, Engineering & Construction Corp. announced Annual dividend of KRW 550.0000 per share payable on April 03, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Jul 18
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: 3.3% Last year net profit margin: 4.7% 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. 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. Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (₩127.6b market cap, or US$91.6m). Annuncio • Feb 22
Sebo Manufacturing, Engineering & Construction Corp., Annual General Meeting, Mar 27, 2025 Sebo Manufacturing, Engineering & Construction Corp., Annual General Meeting, Mar 27, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 213, gangnam-daero, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩12,050, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 104% over the past three years. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩614 (vs ₩710 in 3Q 2023) Third quarter 2024 results: EPS: ₩614 (down from ₩710 in 3Q 2023). Revenue: ₩159.5b (down 19% from 3Q 2023). Net income: ₩6.09b (down 14% from 3Q 2023). Profit margin: 3.8% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₩10,840. The fair value is estimated to be ₩8,853, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 49%. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩11,600, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 93% over the past three years. Buy Or Sell Opportunity • May 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₩10,500. The fair value is estimated to be ₩8,728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 51%. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: ₩3,014 (vs ₩2,361 in FY 2022) Full year 2023 results: EPS: ₩3,014 (up from ₩2,361 in FY 2022). Revenue: ₩871.7b (down 16% from FY 2022). Net income: ₩30.2b (up 28% from FY 2022). Profit margin: 3.5% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 13
Sebo Manufacturing, Engineering & Construction Corp. (KOSDAQ:A011560) announces an Equity Buyback for KRW 3,000 million worth of its shares. Sebo Manufacturing, Engineering & Construction Corp. (KOSDAQ:A011560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 11, 2025. As of March 11, 2024, the company had 525,432 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 5.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩9,920, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 86% over the past three years. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩778 (vs ₩502 in 1Q 2022) First quarter 2023 results: EPS: ₩778 (up from ₩502 in 1Q 2022). Revenue: ₩220.7b (up 16% from 1Q 2022). Net income: ₩7.78b (up 55% from 1Q 2022). Profit margin: 3.5% (up from 2.6% 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 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 06 April 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (3.2%). 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. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩7,500, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 5x in the Construction industry in South Korea. Total loss to shareholders of 3.0% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩7,800, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Construction industry in South Korea. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 20% share price gain to ₩11,100, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 20% 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. 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 07 April 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.9%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₩7,920, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Construction industry in South Korea. Total loss to shareholders of 44% over the past three years. Is New 90 Day High Low • Jan 25
New 90-day high: ₩6,630 The company is up 20% from its price of ₩5,510 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₩6,120 The company is up 2.0% from its price of ₩5,980 on 16 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 19% over the same period. 
