View ValuationTongyang 将来の成長Future 基準チェック /06現在、 Tongyang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Basic Materials 収益成長19.3%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 updatesお知らせ • May 13Tongyang Inc. announced that it expects to receive KRW 1.2308 billion in funding from Eugene CorporationTongyang Inc. announced a private placement to issue 170,000 registered class 2nd preferred stock at an issue price of KRW 7,240 for gross proceeds of KRW 1,230,800,000 on May 12, 2026. The transaction includes participation from returning investor, Eugene Corporation. The transaction has been approved by the board of directors of the company. The offering is expected to close on May 20, 2026. The shares are subject to 1 year lock-up. The transaction will happen through third party allocation.New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩144.2b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 Large one-off items impacting financial results. Market cap is less than US$100m (₩144.2b market cap, or US$97.8m).New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩150.2b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩150.2b market cap, or US$99.1m).お知らせ • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2026Tongyang Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea分析記事 • Oct 29Tongyang (KRX:001520) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Sep 26Subdued Growth No Barrier To Tongyang Inc. (KRX:001520) With Shares Advancing 33%Tongyang Inc. ( KRX:001520 ) shareholders have had their patience rewarded with a 33% share price jump in the last...分析記事 • Sep 26Tongyang Inc.'s (KRX:001520) 33% Share Price Surge Not Quite Adding UpThe Tongyang Inc. ( KRX:001520 ) share price has done very well over the last month, posting an excellent gain of 33...New Risk • Sep 26New 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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b 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 45 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2025Tongyang Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South KoreaNew Risk • Dec 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.2b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.2b market cap, or US$96.5m).New Risk • Nov 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.2x 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 (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩868, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 7x in the Basic Materials industry in South Korea. Total loss to shareholders of 35% over the past three years.分析記事 • Nov 19Tongyang (KRX:001520) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Sep 17New major risk - Financial data availabilityThe 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). 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 21% per year, which means it has not declined as severely as earnings.分析記事 • Aug 06Many Still Looking Away From Tongyang Inc. (KRX:001520)It's not a stretch to say that Tongyang Inc.'s ( KRX:001520 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...分析記事 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss 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 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩40.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (4.3%).Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 21Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Dec 22Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.7%).分析記事 • Apr 28Do Investors Have Good Reason To Be Wary Of Tongyang Inc.'s (KRX:001520) 2.7% Dividend Yield?Is Tongyang Inc. ( KRX:001520 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...分析記事 • Mar 02Is Tongyang (KRX:001520) Using Debt Sensibly?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Feb 04Tongyang's (KRX:001520) Shareholders Are Down 59% On Their SharesTongyang Inc. ( KRX:001520 ) shareholders should be happy to see the share price up 11% in the last quarter. But that...Is New 90 Day High Low • Jan 15New 90-day high: ₩1,275The company is up 12% from its price of ₩1,140 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 34% over the same period.分析記事 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...分析記事 • Dec 24Here's Why We're Wary Of Buying Tongyang's (KRX:001520) For Its Upcoming DividendIt looks like Tongyang Inc. ( KRX:001520 ) is about to go ex-dividend in the next 4 days. This means that investors who...Upcoming Dividend • Dec 22Upcoming Dividend of ₩40.00 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.3% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.4%).分析記事 • Dec 21How Much Of Tongyang Inc. (KRX:001520) Do Institutions Own?A look at the shareholders of Tongyang Inc. ( KRX:001520 ) can tell us which group is most powerful. Institutions will...分析記事 • Nov 30Is Tongyang (KRX:001520) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Nov 17New 90-day high: ₩1,225The company is up 7.0% from its price of ₩1,145 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 3.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: ₩1,065The company is down 13% from its price of ₩1,220 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. 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、Tongyang 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KOSE:A001520 - 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12/31/2025630,62819,946-180,050-15,415N/A9/30/2025653,968-78,119-37,299-4,182N/A6/30/2025667,031-83,650-53,468-23,727N/A3/31/2025714,374-85,860-48,268-18,047N/A12/31/2024750,408-74,233-41,373-10,150N/A9/30/2024824,148-16,964-39,139-4,898N/A6/30/2024844,4932,347-16,48326,331N/A3/31/2024855,2897,6411,27549,413N/A12/31/2023866,32718,1433,82754,204N/A9/30/2023834,136-11,40311,07852,575N/A6/30/2023838,013-15,6856,75037,351N/A3/31/2023807,934-27,309-23,184-2,077N/A12/31/2022767,682-41,096-42,227-27,148N/A9/30/2022750,5299,864-29,528-17,763N/A6/30/2022724,82213,768-25,748-11,560N/A3/31/2022706,70422,611-14,458856N/A12/31/2021699,56929,18310,25526,143N/A9/30/2021668,7941,717-91313,865N/A6/30/2021643,869-383-3,70112,670N/A3/31/2021618,541-1,842-3,07023,708N/A12/31/2020602,940-8,6364,30229,383N/A9/30/2020597,9519,9023,51831,785N/A6/30/2020574,0762,0969,91033,370N/A3/31/2020569,276-2,16219,33731,375N/A12/31/2019539,085-43916,80429,688N/A9/30/2019517,072-9,394N/A16,778N/A6/30/2019528,858-4,243N/A17,156N/A3/31/2019528,903-122N/A22,552N/A12/31/2018529,7453,269N/A23,816N/A9/30/2018511,5757,972N/A39,360N/A6/30/2018499,99212,732N/A18,102N/A3/31/2018481,80217,034N/A1,111N/A12/31/2017483,08816,289N/A-7,793N/A9/30/2017486,18418,869N/A-96,794N/A6/30/2017468,35318,411N/A-78,839N/A3/31/2017456,28117,315N/A-108,850N/A12/31/2016439,90224,344N/A-131,992N/A9/30/2016413,839103,651N/A-47,947N/A6/30/2016403,1929,680N/A-43,587N/A3/31/2016395,48820,490N/A-1,663N/A12/31/2015392,665219,435N/A37,567N/A9/30/2015404,206-32,474N/A34,203N/A6/30/2015400,908139,874N/A69,369N/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: A001520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: A001520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: A001520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: A001520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: A001520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: A001520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7D1Y7D1Y7D1YMaterials 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2026/05/21 10:57終値2026/05/21 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Tongyang 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。1 アナリスト機関HyunMok ChoShinhan Investment Corp.
お知らせ • May 13Tongyang Inc. announced that it expects to receive KRW 1.2308 billion in funding from Eugene CorporationTongyang Inc. announced a private placement to issue 170,000 registered class 2nd preferred stock at an issue price of KRW 7,240 for gross proceeds of KRW 1,230,800,000 on May 12, 2026. The transaction includes participation from returning investor, Eugene Corporation. The transaction has been approved by the board of directors of the company. The offering is expected to close on May 20, 2026. The shares are subject to 1 year lock-up. The transaction will happen through third party allocation.
New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩144.2b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 Large one-off items impacting financial results. Market cap is less than US$100m (₩144.2b market cap, or US$97.8m).
New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩150.2b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩150.2b market cap, or US$99.1m).
お知らせ • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2026Tongyang Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea
分析記事 • Oct 29Tongyang (KRX:001520) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Sep 26Subdued Growth No Barrier To Tongyang Inc. (KRX:001520) With Shares Advancing 33%Tongyang Inc. ( KRX:001520 ) shareholders have had their patience rewarded with a 33% share price jump in the last...
分析記事 • Sep 26Tongyang Inc.'s (KRX:001520) 33% Share Price Surge Not Quite Adding UpThe Tongyang Inc. ( KRX:001520 ) share price has done very well over the last month, posting an excellent gain of 33...
New Risk • Sep 26New 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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).
Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b 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 45 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2025Tongyang Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea
New Risk • Dec 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.2b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.2b market cap, or US$96.5m).
New Risk • Nov 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.2x 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 (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩868, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 7x in the Basic Materials industry in South Korea. Total loss to shareholders of 35% over the past three years.
分析記事 • Nov 19Tongyang (KRX:001520) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Sep 17New major risk - Financial data availabilityThe 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). 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 21% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 06Many Still Looking Away From Tongyang Inc. (KRX:001520)It's not a stretch to say that Tongyang Inc.'s ( KRX:001520 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...
分析記事 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss 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 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩40.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (4.3%).
Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 21Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Dec 22Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.7%).
分析記事 • Apr 28Do Investors Have Good Reason To Be Wary Of Tongyang Inc.'s (KRX:001520) 2.7% Dividend Yield?Is Tongyang Inc. ( KRX:001520 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
分析記事 • Mar 02Is Tongyang (KRX:001520) Using Debt Sensibly?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Feb 04Tongyang's (KRX:001520) Shareholders Are Down 59% On Their SharesTongyang Inc. ( KRX:001520 ) shareholders should be happy to see the share price up 11% in the last quarter. But that...
Is New 90 Day High Low • Jan 15New 90-day high: ₩1,275The company is up 12% from its price of ₩1,140 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 34% over the same period.
分析記事 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
分析記事 • Dec 24Here's Why We're Wary Of Buying Tongyang's (KRX:001520) For Its Upcoming DividendIt looks like Tongyang Inc. ( KRX:001520 ) is about to go ex-dividend in the next 4 days. This means that investors who...
Upcoming Dividend • Dec 22Upcoming Dividend of ₩40.00 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.3% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.4%).
分析記事 • Dec 21How Much Of Tongyang Inc. (KRX:001520) Do Institutions Own?A look at the shareholders of Tongyang Inc. ( KRX:001520 ) can tell us which group is most powerful. Institutions will...
分析記事 • Nov 30Is Tongyang (KRX:001520) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Nov 17New 90-day high: ₩1,225The company is up 7.0% from its price of ₩1,145 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: ₩1,065The company is down 13% from its price of ₩1,220 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period.