Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩1,319, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 6x in the Construction industry in South Korea. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 26 August 2026. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (4.2%). Higher than average of industry peers (1.3%). New Risk • Mar 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 69% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Paying a dividend despite being loss-making. Market cap is less than US$100m (₩75.3b market cap, or US$50.2m). Annuncio • Mar 13
CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 26, 2026 CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 57, gyeongchung-daero 1937beon-gil, daewol-myeon, gyeonggi-do, icheon South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (1.7%). New Risk • Nov 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue has declined by 9.9% over the past year. Minor Risk Market cap is less than US$100m (₩65.7b market cap, or US$44.7m). Upcoming Dividend • Jun 20
Upcoming dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 28 August 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (1.7%). Reported Earnings • Mar 27
Full year 2024 earnings released: ₩435 loss per share (vs ₩58.00 profit in FY 2023) Full year 2024 results: ₩435 loss per share (down from ₩58.00 profit in FY 2023). Revenue: ₩260.4b (down 6.6% from FY 2023). Net loss: ₩21.3b (down ₩23.9b from profit in FY 2023). Annuncio • Mar 13
CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 31, 2025 CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 57, gyeongchung-daero 1937beon-gil, daewol-myeon, gyeonggi-do, icheon South Korea New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩36b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩84.8b market cap, or US$58.4m). New Risk • Jan 09
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 9.9% 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 Less than 1 year of cash runway based on free cash flow trend (-₩36b free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (₩102.4b market cap, or US$70.1m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.2%). New Risk • Nov 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩36b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩36b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (₩75.0b market cap, or US$53.4m). New Risk • Oct 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (₩77.1b market cap, or US$55.6m). New Risk • Sep 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩54b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩61.0b market cap, or US$46.8m). Upcoming Dividend • Jun 20
Upcoming dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 29 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (3.0%). New Risk • May 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩67.1b market cap, or US$49.1m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩15.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.9%). Upcoming Dividend • Jun 22
Upcoming dividend of ₩5.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 August 2023. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.2%). Lower than average of industry peers (2.6%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.2%). Upcoming Dividend • Jun 22
Inaugural dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 August 2022. This is the first dividend for CAMUS ENGINEERING & CONSTRUCTION since going public. The average dividend yield among industry peers is 2.8%. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Head of Management Planning Dept & Executive Director Choi Hwanjin was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 22
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit and 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 (2.1%). Upcoming Dividend • Jun 23
Inaugural dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 03 September 2021. This is the first dividend for CAMUS ENGINEERING & CONSTRUCTION since going public. The average dividend yield among industry peers is 1.8%. Annuncio • Mar 06
CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 24, 2021 CAMUS ENGINEERING & CONSTRUCTION Inc., Annual General Meeting, Mar 24, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 29
New 90-day high: ₩3,560 The company is up 47% from its price of ₩2,415 on 30 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 Construction industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₩3,295 The company is up 80% from its price of ₩1,830 on 08 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 Construction industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₩2,665 The company is up 121% from its price of ₩1,205 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: ₩2,415 The company is up 86% from its price of ₩1,295 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩1,125 The company is down 6.0% from its price of ₩1,200 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is flat over the same period.