Annuncio • Feb 13
Chonbang Co., Ltd., Annual General Meeting, Mar 27, 2026 Chonbang Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 191, pyeongdongsandan-ro, gwangsan-gu, gwangju South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 09 April 2026. Payout ratio is a comfortable 3.7% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.4%). Declared Dividend • Nov 08
Dividend of ₩1,000 announced Dividend of ₩1,000 is the same as last year. Ex-date: 29th December 2025 Payment date: 9th April 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Nov 07
Chonbang Co., Ltd. announces Annual dividend, payable on April 09, 2026 Chonbang Co., Ltd. announced Annual dividend of KRW 1000.0000 per share payable on April 09, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 20
Second quarter 2025 earnings released: ₩1,806 loss per share (vs ₩4,892 profit in 2Q 2024) Second quarter 2025 results: ₩1,806 loss per share (down from ₩4,892 profit in 2Q 2024). Revenue: ₩11.7b (down 9.0% from 2Q 2024). Net loss: ₩2.06b (down 137% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. New Risk • Jun 12
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 High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩47.4b market cap, or US$35.1m). New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩27.5b market cap, or US$20.0m). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩24,400, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 49% over the past three years. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩20.8b market cap, or US$14.5m). New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩20.7b market cap, or US$14.5m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩2,562 (vs ₩9,237 loss in 3Q 2023) Third quarter 2024 results: EPS: ₩2,562 (up from ₩9,237 loss in 3Q 2023). Revenue: ₩12.1b (down 61% from 3Q 2023). Net income: ₩2.92b (up ₩13.4b from 3Q 2023). Profit margin: 24% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 19
Full year 2023 earnings released: ₩16,844 loss per share (vs ₩59,197 profit in FY 2022) Full year 2023 results: ₩16,844 loss per share (down from ₩59,197 profit in FY 2022). Revenue: ₩94.8b (down 24% from FY 2022). Net loss: ₩19.2b (down 129% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,000 per share at 4.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 2.3% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). Reported Earnings • May 21
First quarter 2023 earnings released: ₩7,412 loss per share (vs ₩2,023 profit in 1Q 2022) First quarter 2023 results: ₩7,412 loss per share (down from ₩2,023 profit in 1Q 2022). Revenue: ₩20.1b (down 40% from 1Q 2022). Net loss: ₩8.45b (down 466% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩59,197 (vs ₩140 in FY 2021) Full year 2022 results: EPS: ₩59,197 (up from ₩140 in FY 2021). Revenue: ₩124.9b (down 6.6% from FY 2021). Net income: ₩67.5b (up ₩67.3b from FY 2021). Profit margin: 54% (up from 0.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. 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. 8 experienced directors. No highly experienced directors. 2 independent directors (5 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 • Nov 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩57,500, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 253% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩80,200, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 380% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 15% share price gain to ₩62,000, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 303% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₩56,900, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 236% 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. 8 experienced directors. No highly experienced directors. 2 independent directors (5 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. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩641 (vs ₩6,612 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩30.7b (up 8.2% from 1Q 2020). Net income: ₩730.4m (up ₩8.26b from 1Q 2020). Profit margin: 2.4% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Annuncio • Feb 27
Chonbang Co., Ltd., Annual General Meeting, Mar 26, 2021 Chonbang Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 23
New 90-day high: ₩36,000 The company is up 18% from its price of ₩30,550 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: ₩33,150 The company is up 8.0% from its price of ₩30,650 on 20 October 2020. The South Korean market is up 30% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: ₩36,000 The company is up 77% from its price of ₩20,300 on 17 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Annuncio • Jul 25
MBN Property and Human Holdings Co., Ltd entered into an agreement to acquire Gwangju Factory Real Estate from Chonbang Co., Ltd. (KOSE:A000950) for approximately KRW 370 billion. MBN Property and Human Holdings Co., Ltd entered into an agreement to acquire Gwangju Factory Real Estate from Chonbang Co., Ltd. (KOSE:A000950) for approximately KRW 370 billion on July 23, 2020. Under the terms, KRW 36.6 billion will be paid on July 23, 2020 and the balance amount of KRW 329.4 billion will be paid on end date of negotiation. The transaction is expected to close on June 30, 2021. Wooduk Accounting Corporation acted as evaluator in the transaction.