View ValuationGRITEE 将来の成長Future 基準チェック /06現在、 GRITEEの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Luxury 収益成長15.7%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩238 (vs ₩487 in FY 2024)Full year 2025 results: EPS: ₩238 (down from ₩487 in FY 2024). Revenue: ₩201.7b (up 3.6% from FY 2024). Net income: ₩4.69b (down 52% from FY 2024). Profit margin: 2.3% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Mar 17GRITEE, Inc., Annual General Meeting, Mar 27, 2026GRITEE, Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 11, hakdong-ro 67-gil, gangnam-gu, seoul South KoreaUpcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).分析記事 • Nov 26GRITEE's (KOSDAQ:204020) Anemic Earnings Might Be Worse Than You ThinkGRITEE, Inc.'s ( KOSDAQ:204020 ) recent weak earnings report didn't cause a big stock movement. We think that investors...Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% 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 increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.分析記事 • Aug 29Earnings Working Against GRITEE, Inc.'s (KOSDAQ:204020) Share Price Following 27% DiveGRITEE, Inc. ( KOSDAQ:204020 ) shareholders won't be pleased to see that the share price has had a very rough month...New Risk • Aug 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (67% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩49.8b market cap, or US$35.9m).分析記事 • Aug 18We Think GRITEE (KOSDAQ:204020) Can Stay On Top Of Its DebtKOSDAQ:A204020 1 Year Share Price vs Fair Value Explore GRITEE's Fair Values from the Community and select yours Warren...Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₩2,685, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years.New Risk • Aug 13New major risk - Share price stabilityThe 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). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩63.6b market cap, or US$46.0m).Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩3,490, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 18% over the past three years.分析記事 • Jul 09We Like These Underlying Return On Capital Trends At GRITEE (KOSDAQ:204020)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...New Risk • Jun 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.0% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩87.4b market cap, or US$63.7m).分析記事 • Jun 17GRITEE, Inc.'s (KOSDAQ:204020) Share Price Boosted 53% But Its Business Prospects Need A Lift TooGRITEE, Inc. ( KOSDAQ:204020 ) shareholders would be excited to see that the share price has had a great month, posting...Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩3,385, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past three years.分析記事 • May 23GRITEE's (KOSDAQ:204020) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by GRITEE, Inc. ( KOSDAQ:204020 ) were solid, but the stock didn't move as much as we...New Risk • May 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩50.1b market cap, or US$36.4m).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩487 (vs ₩424 in FY 2023)Full year 2024 results: EPS: ₩487 (up from ₩424 in FY 2023). Revenue: ₩194.7b (up 11% from FY 2023). Net income: ₩9.72b (up 14% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Mar 08GRITEE, Inc., Annual General Meeting, Mar 21, 2025GRITEE, Inc., Annual General Meeting, Mar 21, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 17, hakdong-ro 43-gil, gangnam-gu, seoul South KoreaUpcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 11Third quarter 2024 earnings released: EPS: ₩169 (vs ₩160 in 3Q 2023)Third quarter 2024 results: EPS: ₩169 (up from ₩160 in 3Q 2023). Revenue: ₩54.3b (up 7.6% from 3Q 2023). Net income: ₩3.37b (up 5.3% from 3Q 2023). Profit margin: 6.2% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩220 (vs ₩169 in 2Q 2023)Second quarter 2024 results: EPS: ₩220 (up from ₩169 in 2Q 2023). Revenue: ₩63.1b (up 15% from 2Q 2023). Net income: ₩4.41b (up 30% from 2Q 2023). Profit margin: 7.0% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.分析記事 • May 21Shareholders Will Be Pleased With The Quality of GRITEE's (KOSDAQ:204020) EarningsThe subdued stock price reaction suggests that GRITEE, Inc.'s ( KOSDAQ:204020 ) strong earnings didn't offer any...Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩84.00 (vs ₩65.00 in 1Q 2023)First quarter 2024 results: EPS: ₩84.00 (up from ₩65.00 in 1Q 2023). Revenue: ₩40.8b (up 6.6% from 1Q 2023). Net income: ₩1.69b (up 30% from 1Q 2023). Profit margin: 4.1% (up from 3.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩424 (vs ₩101 in FY 2022)Full year 2023 results: EPS: ₩424 (up from ₩101 in FY 2022). Revenue: ₩176.1b (up 23% from FY 2022). Net income: ₩8.49b (up 320% from FY 2022). Profit margin: 4.8% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₩160 (vs ₩78.00 in 3Q 2022)Third quarter 2023 results: EPS: ₩160 (up from ₩78.00 in 3Q 2022). Revenue: ₩50.5b (up 14% from 3Q 2022). Net income: ₩3.20b (up 106% from 3Q 2022). Profit margin: 6.3% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₩169 (vs ₩105 in 2Q 2022)Second quarter 2023 results: EPS: ₩169 (up from ₩105 in 2Q 2022). Revenue: ₩54.7b (up 25% from 2Q 2022). Net income: ₩3.38b (up 61% from 2Q 2022). Profit margin: 6.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩101 (vs ₩349 loss in FY 2021)Full year 2022 results: EPS: ₩101 (up from ₩349 loss in FY 2021). Revenue: ₩143.1b (up 32% from FY 2021). Net income: ₩2.02b (up ₩8.87b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₩78.00 (vs ₩38.00 loss in 3Q 2021)Third quarter 2022 results: EPS: ₩78.00 (up from ₩38.00 loss in 3Q 2021). Revenue: ₩44.4b (up 42% from 3Q 2021). Net income: ₩1.56b (up ₩2.31b from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Reported Earnings • May 11First quarter 2022 earnings released: EPS: ₩7.00 (vs ₩117 loss in 1Q 2021)First quarter 2022 results: EPS: ₩7.00 (up from ₩117 loss in 1Q 2021). Revenue: ₩26.6b (up 30% from 1Q 2021). Net income: ₩142.3m (up ₩2.36b from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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.Upcoming Dividend • Dec 22Upcoming dividend of ₩30.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%).分析記事 • Mar 19Is GRITEE, Inc.'s (KOSDAQ:204020) 1.0% Dividend Worth Your Time?Today we'll take a closer look at GRITEE, Inc. ( KOSDAQ:204020 ) from a dividend investor's perspective. Owning a...分析記事 • Feb 12Returns On Capital At GRITEE (KOSDAQ:204020) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Is New 90 Day High Low • Jan 29New 90-day low: ₩2,840The company is down 8.0% from its price of ₩3,100 on 30 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 Luxury industry, which is up 17% over the same period.分析記事 • Jan 20Are GRITEE's (KOSDAQ:204020) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Jan 11New 90-day low: ₩2,920The company is down 14% from its price of ₩3,390 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period.分析記事 • Dec 25GRITEE, Inc. (KOSDAQ:204020) Stock Goes Ex-Dividend In Just Three DaysSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...Upcoming Dividend • Dec 22Upcoming Dividend of ₩30.00 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.0% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%).分析記事 • Dec 16GRITEE (KOSDAQ:204020) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 25Is GRITEE, Inc. (KOSDAQ:204020) A Smart Pick For Income Investors?Could GRITEE, Inc. (KOSDAQ:204020) be an attractive dividend share to own for the long haul? Investors are often drawn... このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、GRITEE は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測KOSDAQ:A204020 - アナリストの将来予測と過去の財務データ ( )KRW Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2025201,7184,695-35,9509,729N/A9/30/2025196,0875,338-52,253-2,275N/A6/30/2025193,9176,302-58,231-8,959N/A3/31/2025195,0099,031-13,439-6,092N/A12/31/2024194,7409,715-1,8153,119N/A9/30/2024190,92810,0736,0586,846N/A6/30/2024187,0809,90213,62714,504N/A3/31/2024178,6458,87617,67018,142N/A12/31/2023176,1028,48713,21613,767N/A9/30/2023171,6616,1079,73810,250N/A6/30/2023165,6474,4623,3034,064N/A3/31/2023154,7283,181-1,050-217N/A12/31/2022143,1162,023100795N/A9/30/2022137,886-850-161767N/A6/30/2022124,859-3,1599621,815N/A3/31/2022114,882-4,4921,5622,593N/A12/31/2021108,705-6,851-1,133117N/A9/30/2021108,733-3,294-427676N/A6/30/2021108,658-2,286-2,093-798N/A3/31/2021115,461-1,641-1,925-1,220N/A12/31/2020123,4629592,2173,256N/A9/30/2020126,9912,1663,1634,764N/A6/30/2020127,6892,0214,0845,796N/A3/31/2020123,749855-4,337-2,370N/A12/31/2019123,0801,800-3,119-1,687N/A9/30/2019122,299171N/A-206N/A6/30/2019120,0241,702N/A575N/A3/31/2019123,1915,326N/A6,297N/A12/31/2018119,2605,130N/A5,432N/A9/30/2018124,8289,214N/A8,957N/A12/31/2017125,8007,925N/A-5,527N/A12/31/2016105,6003,534N/A853N/A12/31/2015102,4865,854N/A6,092N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: A204020の予測収益成長が 貯蓄率 ( 3.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: A204020の収益がKR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: A204020の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: A204020の収益がKR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: A204020の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: A204020の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/14 19:40終値2026/05/14 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋GRITEE, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Sang-Hun LeeiM SecuritiesDongguen KangYuanta Securities Korea Co., Ltd.
Reported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩238 (vs ₩487 in FY 2024)Full year 2025 results: EPS: ₩238 (down from ₩487 in FY 2024). Revenue: ₩201.7b (up 3.6% from FY 2024). Net income: ₩4.69b (down 52% from FY 2024). Profit margin: 2.3% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Mar 17GRITEE, Inc., Annual General Meeting, Mar 27, 2026GRITEE, Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 11, hakdong-ro 67-gil, gangnam-gu, seoul South Korea
Upcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).
分析記事 • Nov 26GRITEE's (KOSDAQ:204020) Anemic Earnings Might Be Worse Than You ThinkGRITEE, Inc.'s ( KOSDAQ:204020 ) recent weak earnings report didn't cause a big stock movement. We think that investors...
Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% 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 increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
分析記事 • Aug 29Earnings Working Against GRITEE, Inc.'s (KOSDAQ:204020) Share Price Following 27% DiveGRITEE, Inc. ( KOSDAQ:204020 ) shareholders won't be pleased to see that the share price has had a very rough month...
New Risk • Aug 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (67% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩49.8b market cap, or US$35.9m).
分析記事 • Aug 18We Think GRITEE (KOSDAQ:204020) Can Stay On Top Of Its DebtKOSDAQ:A204020 1 Year Share Price vs Fair Value Explore GRITEE's Fair Values from the Community and select yours Warren...
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₩2,685, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years.
New Risk • Aug 13New major risk - Share price stabilityThe 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). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩63.6b market cap, or US$46.0m).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩3,490, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 18% over the past three years.
分析記事 • Jul 09We Like These Underlying Return On Capital Trends At GRITEE (KOSDAQ:204020)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
New Risk • Jun 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.0% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩87.4b market cap, or US$63.7m).
分析記事 • Jun 17GRITEE, Inc.'s (KOSDAQ:204020) Share Price Boosted 53% But Its Business Prospects Need A Lift TooGRITEE, Inc. ( KOSDAQ:204020 ) shareholders would be excited to see that the share price has had a great month, posting...
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩3,385, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past three years.
分析記事 • May 23GRITEE's (KOSDAQ:204020) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by GRITEE, Inc. ( KOSDAQ:204020 ) were solid, but the stock didn't move as much as we...
New Risk • May 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩50.1b market cap, or US$36.4m).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩487 (vs ₩424 in FY 2023)Full year 2024 results: EPS: ₩487 (up from ₩424 in FY 2023). Revenue: ₩194.7b (up 11% from FY 2023). Net income: ₩9.72b (up 14% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Mar 08GRITEE, Inc., Annual General Meeting, Mar 21, 2025GRITEE, Inc., Annual General Meeting, Mar 21, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 17, hakdong-ro 43-gil, gangnam-gu, seoul South Korea
Upcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 11Third quarter 2024 earnings released: EPS: ₩169 (vs ₩160 in 3Q 2023)Third quarter 2024 results: EPS: ₩169 (up from ₩160 in 3Q 2023). Revenue: ₩54.3b (up 7.6% from 3Q 2023). Net income: ₩3.37b (up 5.3% from 3Q 2023). Profit margin: 6.2% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩220 (vs ₩169 in 2Q 2023)Second quarter 2024 results: EPS: ₩220 (up from ₩169 in 2Q 2023). Revenue: ₩63.1b (up 15% from 2Q 2023). Net income: ₩4.41b (up 30% from 2Q 2023). Profit margin: 7.0% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
分析記事 • May 21Shareholders Will Be Pleased With The Quality of GRITEE's (KOSDAQ:204020) EarningsThe subdued stock price reaction suggests that GRITEE, Inc.'s ( KOSDAQ:204020 ) strong earnings didn't offer any...
Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩84.00 (vs ₩65.00 in 1Q 2023)First quarter 2024 results: EPS: ₩84.00 (up from ₩65.00 in 1Q 2023). Revenue: ₩40.8b (up 6.6% from 1Q 2023). Net income: ₩1.69b (up 30% from 1Q 2023). Profit margin: 4.1% (up from 3.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩424 (vs ₩101 in FY 2022)Full year 2023 results: EPS: ₩424 (up from ₩101 in FY 2022). Revenue: ₩176.1b (up 23% from FY 2022). Net income: ₩8.49b (up 320% from FY 2022). Profit margin: 4.8% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₩160 (vs ₩78.00 in 3Q 2022)Third quarter 2023 results: EPS: ₩160 (up from ₩78.00 in 3Q 2022). Revenue: ₩50.5b (up 14% from 3Q 2022). Net income: ₩3.20b (up 106% from 3Q 2022). Profit margin: 6.3% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₩169 (vs ₩105 in 2Q 2022)Second quarter 2023 results: EPS: ₩169 (up from ₩105 in 2Q 2022). Revenue: ₩54.7b (up 25% from 2Q 2022). Net income: ₩3.38b (up 61% from 2Q 2022). Profit margin: 6.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩101 (vs ₩349 loss in FY 2021)Full year 2022 results: EPS: ₩101 (up from ₩349 loss in FY 2021). Revenue: ₩143.1b (up 32% from FY 2021). Net income: ₩2.02b (up ₩8.87b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₩78.00 (vs ₩38.00 loss in 3Q 2021)Third quarter 2022 results: EPS: ₩78.00 (up from ₩38.00 loss in 3Q 2021). Revenue: ₩44.4b (up 42% from 3Q 2021). Net income: ₩1.56b (up ₩2.31b from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: ₩7.00 (vs ₩117 loss in 1Q 2021)First quarter 2022 results: EPS: ₩7.00 (up from ₩117 loss in 1Q 2021). Revenue: ₩26.6b (up 30% from 1Q 2021). Net income: ₩142.3m (up ₩2.36b from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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.
Upcoming Dividend • Dec 22Upcoming dividend of ₩30.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%).
分析記事 • Mar 19Is GRITEE, Inc.'s (KOSDAQ:204020) 1.0% Dividend Worth Your Time?Today we'll take a closer look at GRITEE, Inc. ( KOSDAQ:204020 ) from a dividend investor's perspective. Owning a...
分析記事 • Feb 12Returns On Capital At GRITEE (KOSDAQ:204020) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Is New 90 Day High Low • Jan 29New 90-day low: ₩2,840The company is down 8.0% from its price of ₩3,100 on 30 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 Luxury industry, which is up 17% over the same period.
分析記事 • Jan 20Are GRITEE's (KOSDAQ:204020) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Jan 11New 90-day low: ₩2,920The company is down 14% from its price of ₩3,390 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period.
分析記事 • Dec 25GRITEE, Inc. (KOSDAQ:204020) Stock Goes Ex-Dividend In Just Three DaysSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Upcoming Dividend • Dec 22Upcoming Dividend of ₩30.00 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.0% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%).
分析記事 • Dec 16GRITEE (KOSDAQ:204020) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 25Is GRITEE, Inc. (KOSDAQ:204020) A Smart Pick For Income Investors?Could GRITEE, Inc. (KOSDAQ:204020) be an attractive dividend share to own for the long haul? Investors are often drawn...