Upcoming Dividend • Jul 14
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 21 July 2026. Payment date: 14 August 2026. Trailing yield: 8.6%. Within top quartile of South Korean dividend payers (4.4%). Higher than average of industry peers (4.8%). Buy Or Sell Opportunity • Feb 25
Now 21% undervalued Over the last 90 days, the stock has risen 1.5% to ₩5,030. The fair value is estimated to be ₩6,329, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Annuncio • Feb 24
CR Holdings Co., LTD., Annual General Meeting, Mar 26, 2026 CR Holdings Co., LTD., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 31-1, seonsojungang-gil, jinwol-myeon, jeollanam-do, gwangyang South Korea Buy Or Sell Opportunity • Dec 29
Now 22% undervalued Over the last 90 days, the stock has risen 2.1% to ₩4,870. The fair value is estimated to be ₩6,270, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Dec 22
Upcoming dividend of ₩210 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.3%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (4.6%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩230 loss per share (vs ₩54.00 profit in 3Q 2024) Third quarter 2025 results: ₩230 loss per share (down from ₩54.00 profit in 3Q 2024). Revenue: ₩216.9b (up 7.1% from 3Q 2024). Net loss: ₩9.51b (down ₩11.7b from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 22
Now 20% undervalued Over the last 90 days, the stock has risen 6.6% to ₩5,490. The fair value is estimated to be ₩6,885, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to ₩5,130. The fair value is estimated to be ₩6,452, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 13
Full year 2024 earnings released: ₩57.00 loss per share (vs ₩14.00 profit in FY 2023) Full year 2024 results: ₩57.00 loss per share (down from ₩14.00 profit in FY 2023). Revenue: ₩810.8b (flat on FY 2023). Net loss: ₩2.34b (down ₩2.74b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Annuncio • Feb 19
CR Holdings Co., LTD., Annual General Meeting, Mar 20, 2025 CR Holdings Co., LTD., Annual General Meeting, Mar 20, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 31-1, seonsojungang-gil, jinwol-myeon, jeollanam-do, gwangyang South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩410 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.8%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (4.3%). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩14.00 (vs ₩1,279 in FY 2022) Full year 2023 results: EPS: ₩14.00 (down from ₩1,279 in FY 2022). Revenue: ₩816.9b (up 2.4% from FY 2022). Net income: ₩404.8m (down 99% from FY 2022). Profit margin: 0% (down from 5.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩450 per share at 9.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.3%). New Risk • Dec 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 83% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩8,110, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 8x in the Basic Materials industry in South Korea. Total returns to shareholders of 114% over the past three years. New Risk • Aug 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x 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 (2.7x net interest cover). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 5.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩8,270, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 10x in the Basic Materials industry in South Korea. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to ₩13,500, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 109% over the past three years. Board Change • Jul 28
Insufficient new directors 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. 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩11,030, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 74% over the past three years. New Risk • Jun 13
New major 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 12% 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 have declined by 0.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to ₩12,680, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩97,600, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the Building industry in South Korea. Total returns to shareholders of 59% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩12,789 (vs ₩7,840 in FY 2021) Full year 2022 results: EPS: ₩12,789 (up from ₩7,840 in FY 2021). Revenue: ₩798.0b (up 6.9% from FY 2021). Net income: ₩40.9b (up 63% from FY 2021). Profit margin: 5.1% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. 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 6% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩4,500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.7%). Board Change • Nov 16
Insufficient new directors 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. 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: Insufficient board refreshment. Annuncio • Jun 29
Chosun Refractories Co.,Ltd. (KOSE:A000480) agreed to acquire 95% stake in Insadong PFV Co., Ltd. for KRW 62.5 billion. Chosun Refractories Co.,Ltd. (KOSE:A000480) agreed to acquire 95% stake in Insadong PFV Co., Ltd. for KRW 62.5 billion on June 27, 2022. As per the terms, 1,000,000 shares will be acquired and consideration will be payable in cash. The transaction is expected to complete on September 20, 2022. Board Change • Apr 27
Insufficient new directors 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. 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: Insufficient board refreshment. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩7,840 (down from ₩10,421 in FY 2020). Revenue: ₩746.3b (up 5.8% from FY 2020). Net income: ₩25.1b (down 25% from FY 2020). Profit margin: 3.4% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 22
Upcoming dividend of ₩4,200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 30 March 2022. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ₩1,146 (vs ₩961 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩186.9b (up 5.7% from 3Q 2020). Net income: ₩3.67b (up 19% from 3Q 2020). Profit margin: 2.0% (up from 1.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩10,421 (vs ₩7,493 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩705.2b (down 6.9% from FY 2019). Net income: ₩33.6b (up 38% from FY 2019). Profit margin: 4.8% (up from 3.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Feb 25
Chosun Refractories Co.,Ltd., Annual General Meeting, Mar 19, 2021 Chosun Refractories Co.,Ltd., Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Dec 07
New 90-day high: ₩82,800 The company is up 16% from its price of ₩71,500 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: ₩74,900 The company is up 2.0% from its price of ₩73,700 on 07 August 2020. The South Korean market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Building industry, which is up 7.0% over the same period. Annuncio • Sep 21
Chosun Refractories Co.,Ltd.(KOSE:A000480) dropped from S&P Global BMI Index Chosun Refractories Co.,Ltd.(KOSE:A000480) dropped from S&P Global BMI Index