Hojeon（A111110）株式概要衣料品会社のホジョン社は、韓国、インドネシア、ベトナムで衣料品を生産・販売している。 詳細A111110 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性3/6配当金4/6報酬株価収益率（ 5 x） KR市場（ 14.5 x）を下回っています。リスク分析利払いは収益で十分にカバーされない 意味のある時価総額がありません ( ₩62B )不安定な配当実績 利益率(2.4%)は昨年より低い(5.1%) すべてのリスクチェックを見るA111110 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₩Current Price₩7.25k31.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-16b607b2016201920222025202620282031Revenue ₩606.7bEarnings ₩14.5bAdvancedSet Fair ValueView all narrativesHojeon Limited 競合他社Creas F&CLtdSymbol: KOSDAQ:A110790Market cap: ₩74.7bNobland InternationalSymbol: KOSDAQ:A145170Market cap: ₩73.5bSGSymbol: KOSE:A004060Market cap: ₩64.1bZero to SevenSymbol: KOSDAQ:A159580Market cap: ₩65.2b価格と性能株価の高値、安値、推移の概要Hojeon過去の株価現在の株価₩7,250.0052週高値₩9,190.0052週安値₩6,760.00ベータ0.541ヶ月の変化-3.59%3ヶ月変化-10.93%1年変化-14.61%3年間の変化-8.23%5年間の変化-48.94%IPOからの変化-70.10%最新ニュースReported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩1,416 (vs ₩2,560 in FY 2024)Full year 2025 results: EPS: ₩1,416 (down from ₩2,560 in FY 2024). Revenue: ₩520.9b (up 12% from FY 2024). Net income: ₩12.5b (down 47% from FY 2024). Profit margin: 2.4% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% 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 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 20% and the cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th 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 (23% earnings payout ratio) but not covered by cash flows (384% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 40% 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 07Hojeon Limited announces Annual dividend, payable on April 27, 2026Hojeon Limited announced Annual dividend of KRW 400.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.お知らせ • Sep 17Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 2,500 million worth of its shares.Hojeon Limited (KOSE:A111110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 17, 2026. As of September 16, 2025, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.分析記事 • Aug 19The Market Doesn't Like What It Sees From Hojeon Limited's (KRX:111110) Earnings YetWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 15x, you may consider Hojeon...最新情報をもっと見るRecent updatesReported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩1,416 (vs ₩2,560 in FY 2024)Full year 2025 results: EPS: ₩1,416 (down from ₩2,560 in FY 2024). Revenue: ₩520.9b (up 12% from FY 2024). Net income: ₩12.5b (down 47% from FY 2024). Profit margin: 2.4% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% 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 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 20% and the cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th 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 (23% earnings payout ratio) but not covered by cash flows (384% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 40% 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 07Hojeon Limited announces Annual dividend, payable on April 27, 2026Hojeon Limited announced Annual dividend of KRW 400.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.お知らせ • Sep 17Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 2,500 million worth of its shares.Hojeon Limited (KOSE:A111110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 17, 2026. As of September 16, 2025, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.分析記事 • Aug 19The Market Doesn't Like What It Sees From Hojeon Limited's (KRX:111110) Earnings YetWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 15x, you may consider Hojeon...Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩6,880, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 9.7% over the past three years.New Risk • May 29New major risk - Earnings qualityThe 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). 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 (₩74.2b market cap, or US$53.8m).お知らせ • Feb 28Hojeon Limited, Annual General Meeting, Mar 28, 2025Hojeon Limited, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 19, mapo-daero, mapo-gu, seoul South KoreaUpcoming Dividend • Dec 20Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).お知らせ • Sep 24Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 3,000 million worth of its shares.Hojeon Limited (KOSE:A111110) 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 trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 24, 2025. As of September 23, 2024, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.お知らせ • Jun 13Hojeon Limited (KOSE:A111110) agreed to acquire an additional 30.22% stake in PT. YONGJIN JAVASUKA GARMENT for KRW 12.5 billion.Hojeon Limited (KOSE:A111110) agreed to acquire an additional 30.22% stake in PT. YONGJIN JAVASUKA GARMENT for KRW 12.5 billion on June 12, 2024. A cash consideration of KRW 12.51 billion will be paid by Hojeon Limited for 54,425 shares. For the period ending December 31, 2023, PT. YONGJIN JAVASUKA GARMENT reported total revenue of KRW 18.88 billion and net loss of KRW 6.67 billion. As of December 31, 2023, PT. YONGJIN JAVASUKA GARMENT reported total debt of KRW 74.42 billion, total assets of KRW 84.98 billion and total common equity of KRW 46.43 billion. The expected completion of the transaction is June 14, 2024.New Risk • May 27New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x 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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). 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 (2.8% net profit margin). Market cap is less than US$100m (₩68.2b market cap, or US$50.0m).Upcoming Dividend • Dec 20Upcoming dividend of ₩300 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%).New Risk • Nov 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 6.6% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (₩75.8b market cap, or US$58.6m).Upcoming Dividend • Dec 21Upcoming dividend of ₩250 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 28 April 2023. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩7,500, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 6x in the Luxury industry in South Korea. Total loss to shareholders of 38% over the past three years.Upcoming Dividend • Dec 22Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.8%).Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩1,965 (vs ₩526 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩129.5b (up 38% from 3Q 2020). Net income: ₩16.0b (up 274% from 3Q 2020). Profit margin: 12% (up from 4.6% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.分析記事 • Apr 19Hojeon (KRX:111110) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Mar 22Are Dividend Investors Making A Mistake With Hojeon Limited (KRX:111110)?Today we'll take a closer look at Hojeon Limited ( KRX:111110 ) from a dividend investor's perspective. Owning a strong...Is New 90 Day High Low • Mar 03New 90-day high: ₩11,150The company is up 20% from its price of ₩9,330 on 03 December 2020. The South Korean market is up 12% 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.お知らせ • Feb 27Hojeon Limited, Annual General Meeting, Mar 26, 2021Hojeon Limited, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.分析記事 • Jan 26How Much Did Hojeon's(KRX:111110) Shareholders Earn From Share Price Movements Over The Last Year?It is a pleasure to report that the Hojeon Limited ( KRX:111110 ) is up 34% in the last quarter. But that is minimal...Is New 90 Day High Low • Dec 09New 90-day high: ₩10,100The company is up 14% from its price of ₩8,850 on 10 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 Luxury industry, which is up 5.0% over the same period.Is New 90 Day High Low • Oct 19New 90-day low: ₩7,780The company is down 17% from its price of ₩9,390 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 7.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: ₩8,120The company is down 18% from its price of ₩9,930 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period.株主還元A111110KR LuxuryKR 市場7D-5.2%-3.8%-2.5%1Y-14.6%13.3%184.3%株主還元を見る業界別リターン: A111110過去 1 年間で13.3 % の収益を上げたKR Luxury業界を下回りました。リターン対市場: A111110は、過去 1 年間で184.3 % のリターンを上げたKR市場を下回りました。価格変動Is A111110's price volatile compared to industry and market?A111110 volatilityA111110 Average Weekly Movement3.9%Luxury Industry Average Movement7.2%Market Average Movement9.3%10% most volatile stocks in KR Market16.5%10% least volatile stocks in KR Market4.9%安定した株価: A111110 、 KR市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: A111110の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1985n/aYoung-Chul Parkwww.hojeon.com衣料品会社であるHojeon Limitedは、韓国、インドネシア、ベトナムで衣料品を生産・販売している。同社は布帛のスポーツウェア、特殊機能アウトドアウェア、スポーツチームのユニフォームを提供している。同社は1985年に設立され、本社は韓国のソウルにある。もっと見るHojeon Limited 基礎のまとめHojeon の収益と売上を時価総額と比較するとどうか。A111110 基礎統計学時価総額₩61.69b収益（TTM）₩12.48b売上高(TTM)₩520.88b5.0xPER（株価収益率0.1xP/SレシオA111110 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計A111110 損益計算書（TTM）収益₩520.88b売上原価₩432.41b売上総利益₩88.47bその他の費用₩75.99b収益₩12.48b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）1.46kグロス・マージン16.98%純利益率2.40%有利子負債／自己資本比率94.4%A111110 の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.5%現在の配当利回り28%配当性向View Valuation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2026/05/22 16:29終値2026/05/22 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Hojeon Limited 1 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。3 アナリスト機関Hyeon Jin ParkDB Financial Investment Co. Ltd.null nullDBS Bank LtdSeung Doo NaSK Securities Co., Ltd.
Reported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩1,416 (vs ₩2,560 in FY 2024)Full year 2025 results: EPS: ₩1,416 (down from ₩2,560 in FY 2024). Revenue: ₩520.9b (up 12% from FY 2024). Net income: ₩12.5b (down 47% from FY 2024). Profit margin: 2.4% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% 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 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 20% and the cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).
Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th 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 (23% earnings payout ratio) but not covered by cash flows (384% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 40% 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 07Hojeon Limited announces Annual dividend, payable on April 27, 2026Hojeon Limited announced Annual dividend of KRW 400.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
お知らせ • Sep 17Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 2,500 million worth of its shares.Hojeon Limited (KOSE:A111110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 17, 2026. As of September 16, 2025, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
分析記事 • Aug 19The Market Doesn't Like What It Sees From Hojeon Limited's (KRX:111110) Earnings YetWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 15x, you may consider Hojeon...
Reported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩1,416 (vs ₩2,560 in FY 2024)Full year 2025 results: EPS: ₩1,416 (down from ₩2,560 in FY 2024). Revenue: ₩520.9b (up 12% from FY 2024). Net income: ₩12.5b (down 47% from FY 2024). Profit margin: 2.4% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% 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 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 20% and the cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).
Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th 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 (23% earnings payout ratio) but not covered by cash flows (384% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 40% 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 07Hojeon Limited announces Annual dividend, payable on April 27, 2026Hojeon Limited announced Annual dividend of KRW 400.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
お知らせ • Sep 17Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 2,500 million worth of its shares.Hojeon Limited (KOSE:A111110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 17, 2026. As of September 16, 2025, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
分析記事 • Aug 19The Market Doesn't Like What It Sees From Hojeon Limited's (KRX:111110) Earnings YetWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 15x, you may consider Hojeon...
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩6,880, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 9.7% over the past three years.
New Risk • May 29New major risk - Earnings qualityThe 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). 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 (₩74.2b market cap, or US$53.8m).
お知らせ • Feb 28Hojeon Limited, Annual General Meeting, Mar 28, 2025Hojeon Limited, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 19, mapo-daero, mapo-gu, seoul South Korea
Upcoming Dividend • Dec 20Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).
お知らせ • Sep 24Hojeon Limited (KOSE:A111110) announces an Equity Buyback for KRW 3,000 million worth of its shares.Hojeon Limited (KOSE:A111110) 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 trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and to stabilize stock price. The repurchase program is valid until March 24, 2025. As of September 23, 2024, the company had 497,472 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
お知らせ • Jun 13Hojeon Limited (KOSE:A111110) agreed to acquire an additional 30.22% stake in PT. YONGJIN JAVASUKA GARMENT for KRW 12.5 billion.Hojeon Limited (KOSE:A111110) agreed to acquire an additional 30.22% stake in PT. YONGJIN JAVASUKA GARMENT for KRW 12.5 billion on June 12, 2024. A cash consideration of KRW 12.51 billion will be paid by Hojeon Limited for 54,425 shares. For the period ending December 31, 2023, PT. YONGJIN JAVASUKA GARMENT reported total revenue of KRW 18.88 billion and net loss of KRW 6.67 billion. As of December 31, 2023, PT. YONGJIN JAVASUKA GARMENT reported total debt of KRW 74.42 billion, total assets of KRW 84.98 billion and total common equity of KRW 46.43 billion. The expected completion of the transaction is June 14, 2024.
New Risk • May 27New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x 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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). 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 (2.8% net profit margin). Market cap is less than US$100m (₩68.2b market cap, or US$50.0m).
Upcoming Dividend • Dec 20Upcoming dividend of ₩300 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%).
New Risk • Nov 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 6.6% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (₩75.8b market cap, or US$58.6m).
Upcoming Dividend • Dec 21Upcoming dividend of ₩250 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 28 April 2023. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩7,500, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 6x in the Luxury industry in South Korea. Total loss to shareholders of 38% over the past three years.
Upcoming Dividend • Dec 22Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.8%).
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩1,965 (vs ₩526 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩129.5b (up 38% from 3Q 2020). Net income: ₩16.0b (up 274% from 3Q 2020). Profit margin: 12% (up from 4.6% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 19Hojeon (KRX:111110) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Mar 22Are Dividend Investors Making A Mistake With Hojeon Limited (KRX:111110)?Today we'll take a closer look at Hojeon Limited ( KRX:111110 ) from a dividend investor's perspective. Owning a strong...
Is New 90 Day High Low • Mar 03New 90-day high: ₩11,150The company is up 20% from its price of ₩9,330 on 03 December 2020. The South Korean market is up 12% 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.
お知らせ • Feb 27Hojeon Limited, Annual General Meeting, Mar 26, 2021Hojeon Limited, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.
分析記事 • Jan 26How Much Did Hojeon's(KRX:111110) Shareholders Earn From Share Price Movements Over The Last Year?It is a pleasure to report that the Hojeon Limited ( KRX:111110 ) is up 34% in the last quarter. But that is minimal...
Is New 90 Day High Low • Dec 09New 90-day high: ₩10,100The company is up 14% from its price of ₩8,850 on 10 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 Luxury industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Oct 19New 90-day low: ₩7,780The company is down 17% from its price of ₩9,390 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: ₩8,120The company is down 18% from its price of ₩9,930 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period.
