Songwon Industrial（A004430）株式概要Songwon（松原産業株式会社・本社：韓国ウルサン市、以下Songwon）は、子会社と共にポリマー安定剤、錫中間体、塩ビ安定剤、特殊化学品の製造・販売を韓国、その他のアジア、欧州、北米、南米、オーストラリア、中東、アフリカで展開している。 詳細A004430 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績1/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より50.5%で取引されている リスク分析過去5年間で収益は年間24.3%減少しました。 不安定な配当実績 利益率(1.5%)は昨年より低い(4%) すべてのリスクチェックを見るA004430 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW472,568 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA472,568 investors already sharing narrativesYour Fair Value₩Current Price₩11.82k41.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01t2016201920222025202620282031Revenue ₩1.1tEarnings ₩16.3bAdvancedSet Fair ValueView all narrativesSongwon Industrial Co., Ltd. 競合他社Hannong ChemicalsSymbol: KOSE:A011500Market cap: ₩213.5bYcchemSymbol: KOSDAQ:A112290Market cap: ₩228.9bMiwon ChemicalsSymbol: KOSE:A134380Market cap: ₩219.5bMiwon CommercialSymbol: KOSE:A002840Market cap: ₩587.5b価格と性能株価の高値、安値、推移の概要Songwon Industrial過去の株価現在の株価₩11,820.0052週高値₩16,730.0052週安値₩8,470.00ベータ0.781ヶ月の変化-0.42%3ヶ月変化-4.60%1年変化10.67%3年間の変化-31.83%5年間の変化-29.64%IPOからの変化530.52%最新ニュースValuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩11,480, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 33% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩10,180, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 42% over the past three years.Reported Earnings • Mar 10Full year 2025 earnings released: EPS: ₩97.00 (vs ₩1,879 in FY 2024)Full year 2025 results: EPS: ₩97.00 (down from ₩1,879 in FY 2024). Revenue: ₩1.04t (down 2.9% from FY 2024). Net income: ₩2.34b (down 95% from FY 2024). Profit margin: 0.2% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Declared Dividend • Feb 25Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years.お知らせ • Feb 24+ 1 more updateSongwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₩71.00 (vs ₩479 in 3Q 2024)Third quarter 2025 results: EPS: ₩71.00 (down from ₩479 in 3Q 2024). Revenue: ₩258.6b (down 9.5% from 3Q 2024). Net income: ₩1.70b (down 85% from 3Q 2024). Profit margin: 0.7% (down from 4.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩11,480, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 33% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩10,180, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 42% over the past three years.Reported Earnings • Mar 10Full year 2025 earnings released: EPS: ₩97.00 (vs ₩1,879 in FY 2024)Full year 2025 results: EPS: ₩97.00 (down from ₩1,879 in FY 2024). Revenue: ₩1.04t (down 2.9% from FY 2024). Net income: ₩2.34b (down 95% from FY 2024). Profit margin: 0.2% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Declared Dividend • Feb 25Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years.お知らせ • Feb 24+ 1 more updateSongwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₩71.00 (vs ₩479 in 3Q 2024)Third quarter 2025 results: EPS: ₩71.00 (down from ₩479 in 3Q 2024). Revenue: ₩258.6b (down 9.5% from 3Q 2024). Net income: ₩1.70b (down 85% from 3Q 2024). Profit margin: 0.7% (down from 4.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: ₩62.00 loss per share (vs ₩441 profit in 2Q 2024)Second quarter 2025 results: ₩62.00 loss per share (down from ₩441 profit in 2Q 2024). Revenue: ₩265.4b (down 3.0% from 2Q 2024). Net loss: ₩1.48b (down 114% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.分析記事 • Jun 10These 4 Measures Indicate That Songwon Industrial (KRX:004430) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Apr 10Songwon Industrial Co., Ltd.'s (KRX:004430) Low P/E No Reason For ExcitementSongwon Industrial Co., Ltd.'s ( KRX:004430 ) price-to-earnings (or "P/E") ratio of 5.6x might make it look like a buy...Reported Earnings • Mar 06Full year 2024 earnings released: EPS: ₩1,879 (vs ₩1,452 in FY 2023)Full year 2024 results: EPS: ₩1,879 (up from ₩1,452 in FY 2023). Revenue: ₩1.07t (up 3.9% from FY 2023). Net income: ₩45.1b (up 29% from FY 2023). Profit margin: 4.2% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26Songwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 28, 2025 and record date on March 31, 2025.お知らせ • Feb 25Songwon Industrial Co., Ltd., Annual General Meeting, Mar 21, 2025Songwon Industrial Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 83, jangsaengpo-ro, nam-gu, ulsan South Korea分析記事 • Dec 16Returns On Capital At Songwon Industrial (KRX:004430) Paint A Concerning PictureTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ₩479 (vs ₩390 in 3Q 2023)Third quarter 2024 results: EPS: ₩479 (up from ₩390 in 3Q 2023). Revenue: ₩285.8b (up 15% from 3Q 2023). Net income: ₩11.5b (up 23% from 3Q 2023). Profit margin: 4.0% (up from 3.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • Nov 13Is Songwon Industrial (KRX:004430) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩11,180, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 10x in the Chemicals industry in South Korea. Total loss to shareholders of 32% over the past three years.分析記事 • Oct 09What Songwon Industrial Co., Ltd.'s (KRX:004430) 27% Share Price Gain Is Not Telling YouSongwon Industrial Co., Ltd. ( KRX:004430 ) shares have had a really impressive month, gaining 27% after a shaky period...Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩12,350, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Chemicals industry in South Korea. Total loss to shareholders of 34% over the past three years.分析記事 • Aug 07Be Wary Of Songwon Industrial (KRX:004430) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩10,060, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 44% over the past three years.Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩278 (vs ₩443 in 1Q 2023)First quarter 2024 results: EPS: ₩278 (down from ₩443 in 1Q 2023). Revenue: ₩255.8b (down 4.3% from 1Q 2023). Net income: ₩6.66b (down 37% from 1Q 2023). Profit margin: 2.6% (down from 4.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₩1,452 (vs ₩5,497 in FY 2022)Full year 2023 results: EPS: ₩1,452 (down from ₩5,497 in FY 2022). Revenue: ₩1.03t (down 23% from FY 2022). Net income: ₩34.8b (down 74% from FY 2022). Profit margin: 3.4% (down from 9.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩16,360, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 16x in the Chemicals industry in South Korea. Total returns to shareholders of 9.6% over the past three years.Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per share at 2.4% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 04 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.8%).Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩391 (vs ₩1,724 in 3Q 2022)Third quarter 2023 results: EPS: ₩391 (down from ₩1,724 in 3Q 2022). Revenue: ₩247.9b (down 29% from 3Q 2022). Net income: ₩9.37b (down 77% from 3Q 2022). Profit margin: 3.8% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Aug 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: 6.1% Last year net profit margin: 11% 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: 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 (6.1% net profit margin).Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩18,730, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Chemicals industry in South Korea. Total returns to shareholders of 34% over the past three years.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ₩443 (vs ₩1,809 in 1Q 2022)First quarter 2023 results: EPS: ₩443 (down from ₩1,809 in 1Q 2022). Revenue: ₩267.2b (down 21% from 1Q 2022). Net income: ₩10.6b (down 76% from 1Q 2022). Profit margin: 4.0% (down from 13% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: ₩5,497 (vs ₩3,011 in FY 2021)Full year 2022 results: EPS: ₩5,497 (up from ₩3,011 in FY 2021). Revenue: ₩1.33t (up 33% from FY 2021). Net income: ₩131.9b (up 83% from FY 2021). Profit margin: 9.9% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 1.9% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.4%).Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman of the Board Dongbek Park was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩16,200, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 11x in the Chemicals industry in South Korea. Total loss to shareholders of 11% over the past three years.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩1,611 (vs ₩633 in 2Q 2021)Second quarter 2022 results: EPS: ₩1,611 (up from ₩633 in 2Q 2021). Revenue: ₩342.7b (up 48% from 2Q 2021). Net income: ₩38.7b (up 154% from 2Q 2021). Profit margin: 11% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 18First quarter 2022 earnings released: EPS: ₩1,809 (vs ₩417 in 1Q 2021)First quarter 2022 results: EPS: ₩1,809 (up from ₩417 in 1Q 2021). Revenue: ₩338.4b (up 52% from 1Q 2021). Net income: ₩43.4b (up 334% from 1Q 2021). Profit margin: 13% (up from 4.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 23% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to ₩36,000Up from ₩26,000, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₩24,600. Stock is up 13% over the past year. The company posted earnings per share of ₩3,011 last year.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman of the Board Dongbek Park was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₩3,011 (up from ₩1,144 in FY 2020). Revenue: ₩998.2b (up 24% from FY 2020). Net income: ₩72.3b (up 163% from FY 2020). Profit margin: 7.2% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 03Price target increased to ₩29,000Up from ₩26,833, the current price target is provided by 1 analyst. New target price is 48% above last closing price of ₩19,600. Stock is down 1.8% over the past year. The company posted earnings per share of ₩1,144 last year.Upcoming Dividend • Dec 22Upcoming dividend of ₩120 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.5%).Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩874 (vs ₩356 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩260.1b (up 33% from 3Q 2020). Net income: ₩21.0b (up 146% from 3Q 2020). Profit margin: 8.1% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • May 20First quarter 2021 earnings released: EPS ₩417 (vs ₩459 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₩222.5b (up 5.7% from 1Q 2020). Net income: ₩10.0b (down 9.3% from 1Q 2020). Profit margin: 4.5% (down from 5.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩21,650, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 20x in the Chemicals industry in South Korea. Total loss to shareholders of 22% over the past three years.分析記事 • Mar 26Here's Why Songwon Industrial (KRX:004430) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Mar 11Songwon Industrial's (KRX:004430) Soft Earnings Don't Show The Whole PictureThe market for Songwon Industrial Co., Ltd.'s ( KRX:004430 ) shares didn't move much after it posted weak earnings...Reported Earnings • Mar 09Full year 2020 earnings released: EPS ₩1,144 (vs ₩1,448 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₩807.8b (flat on FY 2019). Net income: ₩27.5b (down 21% from FY 2019). Profit margin: 3.4% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.分析記事 • Feb 28Can Songwon Industrial (KRX:004430) Continue To Grow Its Returns On Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...お知らせ • Feb 23Songwon Industrial Co., Ltd., Annual General Meeting, Mar 19, 2021Songwon Industrial Co., Ltd., Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Location: Songwon Industrial Co., Ltd. 3rd floor auditorium 83 Jangsaengpo-ro, Nam-gu Ulsan South Korea Agenda: To approve the group financial statements and the consolidated financial statements; to approve the remuneration limit for directors; and to approve the remuneration limit of auditors.Is New 90 Day High Low • Feb 19New 90-day high: ₩21,250The company is up 49% from its price of ₩14,250 on 20 November 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 23% over the same period.分析記事 • Feb 15Is Songwon Industrial Co., Ltd. (KRX:004430) The Right Choice For A Smart Dividend Investor?Dividend paying stocks like Songwon Industrial Co., Ltd. ( KRX:004430 ) tend to be popular with investors, and for good...Is New 90 Day High Low • Feb 03New 90-day high: ₩18,950The company is up 31% from its price of ₩14,450 on 05 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 32% over the same period.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 17x in the Chemicals industry in South Korea. Total return to shareholders over the past three years is a loss of 18%.分析記事 • Feb 02What Kind Of Investors Own Most Of Songwon Industrial Co., Ltd. (KRX:004430)?The big shareholder groups in Songwon Industrial Co., Ltd. ( KRX:004430 ) have power over the company. Generally...分析記事 • Jan 19Songwon Industrial's (KRX:004430) Stock Price Has Reduced 31% In The Past Three YearsMany investors define successful investing as beating the market average over the long term. But its virtually certain...Is New 90 Day High Low • Jan 07New 90-day high: ₩17,750The company is up 16% from its price of ₩15,250 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period.分析記事 • Jan 06Is It Too Late To Consider Buying Songwon Industrial Co., Ltd. (KRX:004430)?Songwon Industrial Co., Ltd. ( KRX:004430 ), might not be a large cap stock, but it saw a significant share price rise...分析記事 • Dec 24Four Days Left Until Songwon Industrial Co., Ltd. (KRX:004430) Trades Ex-DividendSongwon Industrial Co., Ltd. ( KRX:004430 ) is about to trade ex-dividend in the next four days. You will need to...Upcoming Dividend • Dec 22Upcoming Dividend of ₩150 Per ShareWill be paid on the 7th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.9% is below the top quartile of South Korean dividend payers (2.6%), but is in line with industry peers (0.9%).分析記事 • Dec 16Songwon Industrial Co., Ltd.'s (KRX:004430) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Songwon Industrial (KRX:004430) has had a great run on the share market with its stock up by a significant 23% over the...Is New 90 Day High Low • Dec 09New 90-day high: ₩17,050The company is up 29% from its price of ₩13,250 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 Chemicals industry, which is up 12% over the same period.Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 16% share price gain to ₩17,050, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.5x. This compares to an average P/E of 15x in the Chemicals industry in South Korea. Total return to shareholders over the past three years is a loss of 32%.分析記事 • Dec 03Is Songwon Industrial (KRX:004430) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Nov 18What Do The Returns At Songwon Industrial (KRX:004430) Mean Going Forward?To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Is New 90 Day High Low • Oct 06New 90-day high: ₩14,500The company is up 8.0% from its price of ₩13,400 on 08 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 30% over the same period.株主還元A004430KR ChemicalsKR 市場7D-1.5%6.9%8.4%1Y10.7%6.1%100.2%株主還元を見る業界別リターン: A004430過去 1 年間で6.1 % の収益を上げたKR Chemicals業界を上回りました。リターン対市場: A004430は、過去 1 年間で100.2 % のリターンを上げたKR市場を下回りました。価格変動Is A004430's price volatile compared to industry and market?A004430 volatilityA004430 Average Weekly Movement8.1%Chemicals Industry Average Movement9.6%Market Average Movement9.9%10% most volatile stocks in KR Market17.6%10% least volatile stocks in KR Market5.1%安定した株価: A004430 、 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: A004430の 週次ボラティリティ ( 8% ) 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1965602Jongho Parkwww.songwon.comSongwon（松原産業株式会社・本社：韓国ウルサン市、以下Songwon）は、子会社と共にポリマー安定剤、錫中間体、塩ビ安定剤、特殊化学品の製造・販売を韓国、その他のアジア、欧州、北米、南米、オーストラリア、中東、アフリカで行っている。同社は2つのセグメントで事業を展開している：工業用化学品部門と機能化学品部門である。フェノール系、亜リン酸エステル系、チオエステル系、アミン系酸化防止剤、バイナリーブレンド、用途別酸化防止剤、ヒンダードアミン系光安定剤、紫外線吸収剤、ヒドロキシ安息香酸エステル、高溶融、低溶融、核剤・清澄剤、高配合UVブレンド、液体成分を含むブレンドを提供している。また、燃料・潤滑油用酸化防止剤、安定剤としての燃料添加剤、スズ中間体、PVC安定化用ワンパック・システム、混合金属安定剤、金属石鹸安定剤、有機スズ安定剤、補助安定剤・潤滑剤、可塑剤を含むPVC安定剤・可塑剤、ポリエステルジオール、熱硬化性・熱可塑性ポリウレタン、熱可塑性ポリウレタンからなる特殊ポリマーも提供している。加えて、コーティング剤、エレクトロニクスを含む変化の早い産業向けの特殊化学品、様々な用途向けの機能性モノマーも提供している。SONGCAT、SONGSTAR、SONGXTEND、SABOSTAB、SONGNOX、SONGSTOMER、SONGCIZER、SONGCURE、SONGSORBのブランドで製品を販売している。同社は、接着剤、農業、自動車、建築・建設、コーティング、耐久消費財、電気・電子、燃料・潤滑油、パッケージング、繊維・テキスタイルなどの業界に製品を供給している。Songwon（松原産業株式会社・本社：韓国ウルサン市、以下Songwon）は、1965年に設立された。もっと見るSongwon Industrial Co., Ltd. 基礎のまとめSongwon Industrial の収益と売上を時価総額と比較するとどうか。A004430 基礎統計学時価総額₩283.68b収益（TTM）₩15.57b売上高(TTM)₩1.03t18.2xPER（株価収益率0.3xP/SレシオA004430 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A004430 損益計算書（TTM）収益₩1.03t売上原価₩875.50b売上総利益₩157.11bその他の費用₩141.54b収益₩15.57b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）648.79グロス・マージン15.21%純利益率1.51%有利子負債／自己資本比率18.9%A004430 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2.5%現在の配当利回り46%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2026/08/14 20:06終値2026/08/14 00:00収益2026/03/31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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Songwon Industrial Co., Ltd. 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。10 アナリスト機関Sang-won HanDaishin Securities Co. Ltd.Hee Cheol LeeDAOL Investment & Securities Co., Ltd.null nullDBS Bank Ltd7 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩11,480, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 33% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩10,180, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 42% over the past three years.
Reported Earnings • Mar 10Full year 2025 earnings released: EPS: ₩97.00 (vs ₩1,879 in FY 2024)Full year 2025 results: EPS: ₩97.00 (down from ₩1,879 in FY 2024). Revenue: ₩1.04t (down 2.9% from FY 2024). Net income: ₩2.34b (down 95% from FY 2024). Profit margin: 0.2% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Declared Dividend • Feb 25Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years.
お知らせ • Feb 24+ 1 more updateSongwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₩71.00 (vs ₩479 in 3Q 2024)Third quarter 2025 results: EPS: ₩71.00 (down from ₩479 in 3Q 2024). Revenue: ₩258.6b (down 9.5% from 3Q 2024). Net income: ₩1.70b (down 85% from 3Q 2024). Profit margin: 0.7% (down from 4.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩11,480, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 33% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩10,180, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 42% over the past three years.
Reported Earnings • Mar 10Full year 2025 earnings released: EPS: ₩97.00 (vs ₩1,879 in FY 2024)Full year 2025 results: EPS: ₩97.00 (down from ₩1,879 in FY 2024). Revenue: ₩1.04t (down 2.9% from FY 2024). Net income: ₩2.34b (down 95% from FY 2024). Profit margin: 0.2% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Declared Dividend • Feb 25Dividend of ₩300 announcedDividend of ₩300 is the same as last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years.
お知らせ • Feb 24+ 1 more updateSongwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ₩71.00 (vs ₩479 in 3Q 2024)Third quarter 2025 results: EPS: ₩71.00 (down from ₩479 in 3Q 2024). Revenue: ₩258.6b (down 9.5% from 3Q 2024). Net income: ₩1.70b (down 85% from 3Q 2024). Profit margin: 0.7% (down from 4.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: ₩62.00 loss per share (vs ₩441 profit in 2Q 2024)Second quarter 2025 results: ₩62.00 loss per share (down from ₩441 profit in 2Q 2024). Revenue: ₩265.4b (down 3.0% from 2Q 2024). Net loss: ₩1.48b (down 114% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
分析記事 • Jun 10These 4 Measures Indicate That Songwon Industrial (KRX:004430) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Apr 10Songwon Industrial Co., Ltd.'s (KRX:004430) Low P/E No Reason For ExcitementSongwon Industrial Co., Ltd.'s ( KRX:004430 ) price-to-earnings (or "P/E") ratio of 5.6x might make it look like a buy...
Reported Earnings • Mar 06Full year 2024 earnings released: EPS: ₩1,879 (vs ₩1,452 in FY 2023)Full year 2024 results: EPS: ₩1,879 (up from ₩1,452 in FY 2023). Revenue: ₩1.07t (up 3.9% from FY 2023). Net income: ₩45.1b (up 29% from FY 2023). Profit margin: 4.2% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26Songwon Industrial Co., Ltd. announces Annual dividendSongwon Industrial Co., Ltd. announced Annual dividend of KRW 300.0000 per share, ex-date on March 28, 2025 and record date on March 31, 2025.
お知らせ • Feb 25Songwon Industrial Co., Ltd., Annual General Meeting, Mar 21, 2025Songwon Industrial Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 83, jangsaengpo-ro, nam-gu, ulsan South Korea
分析記事 • Dec 16Returns On Capital At Songwon Industrial (KRX:004430) Paint A Concerning PictureTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ₩479 (vs ₩390 in 3Q 2023)Third quarter 2024 results: EPS: ₩479 (up from ₩390 in 3Q 2023). Revenue: ₩285.8b (up 15% from 3Q 2023). Net income: ₩11.5b (up 23% from 3Q 2023). Profit margin: 4.0% (up from 3.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • Nov 13Is Songwon Industrial (KRX:004430) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩11,180, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 10x in the Chemicals industry in South Korea. Total loss to shareholders of 32% over the past three years.
分析記事 • Oct 09What Songwon Industrial Co., Ltd.'s (KRX:004430) 27% Share Price Gain Is Not Telling YouSongwon Industrial Co., Ltd. ( KRX:004430 ) shares have had a really impressive month, gaining 27% after a shaky period...
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩12,350, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Chemicals industry in South Korea. Total loss to shareholders of 34% over the past three years.
分析記事 • Aug 07Be Wary Of Songwon Industrial (KRX:004430) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩10,060, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total loss to shareholders of 44% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩278 (vs ₩443 in 1Q 2023)First quarter 2024 results: EPS: ₩278 (down from ₩443 in 1Q 2023). Revenue: ₩255.8b (down 4.3% from 1Q 2023). Net income: ₩6.66b (down 37% from 1Q 2023). Profit margin: 2.6% (down from 4.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₩1,452 (vs ₩5,497 in FY 2022)Full year 2023 results: EPS: ₩1,452 (down from ₩5,497 in FY 2022). Revenue: ₩1.03t (down 23% from FY 2022). Net income: ₩34.8b (down 74% from FY 2022). Profit margin: 3.4% (down from 9.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩16,360, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 16x in the Chemicals industry in South Korea. Total returns to shareholders of 9.6% over the past three years.
Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per share at 2.4% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 04 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.8%).
Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩391 (vs ₩1,724 in 3Q 2022)Third quarter 2023 results: EPS: ₩391 (down from ₩1,724 in 3Q 2022). Revenue: ₩247.9b (down 29% from 3Q 2022). Net income: ₩9.37b (down 77% from 3Q 2022). Profit margin: 3.8% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 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: 6.1% Last year net profit margin: 11% 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: 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 (6.1% net profit margin).
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩18,730, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Chemicals industry in South Korea. Total returns to shareholders of 34% over the past three years.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ₩443 (vs ₩1,809 in 1Q 2022)First quarter 2023 results: EPS: ₩443 (down from ₩1,809 in 1Q 2022). Revenue: ₩267.2b (down 21% from 1Q 2022). Net income: ₩10.6b (down 76% from 1Q 2022). Profit margin: 4.0% (down from 13% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: ₩5,497 (vs ₩3,011 in FY 2021)Full year 2022 results: EPS: ₩5,497 (up from ₩3,011 in FY 2021). Revenue: ₩1.33t (up 33% from FY 2021). Net income: ₩131.9b (up 83% from FY 2021). Profit margin: 9.9% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 1.9% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.4%).
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman of the Board Dongbek Park was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩16,200, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 11x in the Chemicals industry in South Korea. Total loss to shareholders of 11% over the past three years.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩1,611 (vs ₩633 in 2Q 2021)Second quarter 2022 results: EPS: ₩1,611 (up from ₩633 in 2Q 2021). Revenue: ₩342.7b (up 48% from 2Q 2021). Net income: ₩38.7b (up 154% from 2Q 2021). Profit margin: 11% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 18First quarter 2022 earnings released: EPS: ₩1,809 (vs ₩417 in 1Q 2021)First quarter 2022 results: EPS: ₩1,809 (up from ₩417 in 1Q 2021). Revenue: ₩338.4b (up 52% from 1Q 2021). Net income: ₩43.4b (up 334% from 1Q 2021). Profit margin: 13% (up from 4.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 23% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to ₩36,000Up from ₩26,000, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₩24,600. Stock is up 13% over the past year. The company posted earnings per share of ₩3,011 last year.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman of the Board Dongbek Park was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₩3,011 (up from ₩1,144 in FY 2020). Revenue: ₩998.2b (up 24% from FY 2020). Net income: ₩72.3b (up 163% from FY 2020). Profit margin: 7.2% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 03Price target increased to ₩29,000Up from ₩26,833, the current price target is provided by 1 analyst. New target price is 48% above last closing price of ₩19,600. Stock is down 1.8% over the past year. The company posted earnings per share of ₩1,144 last year.
Upcoming Dividend • Dec 22Upcoming dividend of ₩120 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.5%).
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩874 (vs ₩356 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩260.1b (up 33% from 3Q 2020). Net income: ₩21.0b (up 146% from 3Q 2020). Profit margin: 8.1% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • May 20First quarter 2021 earnings released: EPS ₩417 (vs ₩459 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₩222.5b (up 5.7% from 1Q 2020). Net income: ₩10.0b (down 9.3% from 1Q 2020). Profit margin: 4.5% (down from 5.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩21,650, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 20x in the Chemicals industry in South Korea. Total loss to shareholders of 22% over the past three years.
分析記事 • Mar 26Here's Why Songwon Industrial (KRX:004430) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Mar 11Songwon Industrial's (KRX:004430) Soft Earnings Don't Show The Whole PictureThe market for Songwon Industrial Co., Ltd.'s ( KRX:004430 ) shares didn't move much after it posted weak earnings...
Reported Earnings • Mar 09Full year 2020 earnings released: EPS ₩1,144 (vs ₩1,448 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₩807.8b (flat on FY 2019). Net income: ₩27.5b (down 21% from FY 2019). Profit margin: 3.4% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
分析記事 • Feb 28Can Songwon Industrial (KRX:004430) Continue To Grow Its Returns On Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
お知らせ • Feb 23Songwon Industrial Co., Ltd., Annual General Meeting, Mar 19, 2021Songwon Industrial Co., Ltd., Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Location: Songwon Industrial Co., Ltd. 3rd floor auditorium 83 Jangsaengpo-ro, Nam-gu Ulsan South Korea Agenda: To approve the group financial statements and the consolidated financial statements; to approve the remuneration limit for directors; and to approve the remuneration limit of auditors.
Is New 90 Day High Low • Feb 19New 90-day high: ₩21,250The company is up 49% from its price of ₩14,250 on 20 November 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 23% over the same period.
分析記事 • Feb 15Is Songwon Industrial Co., Ltd. (KRX:004430) The Right Choice For A Smart Dividend Investor?Dividend paying stocks like Songwon Industrial Co., Ltd. ( KRX:004430 ) tend to be popular with investors, and for good...
Is New 90 Day High Low • Feb 03New 90-day high: ₩18,950The company is up 31% from its price of ₩14,450 on 05 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 32% over the same period.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 17x in the Chemicals industry in South Korea. Total return to shareholders over the past three years is a loss of 18%.
分析記事 • Feb 02What Kind Of Investors Own Most Of Songwon Industrial Co., Ltd. (KRX:004430)?The big shareholder groups in Songwon Industrial Co., Ltd. ( KRX:004430 ) have power over the company. Generally...
分析記事 • Jan 19Songwon Industrial's (KRX:004430) Stock Price Has Reduced 31% In The Past Three YearsMany investors define successful investing as beating the market average over the long term. But its virtually certain...
Is New 90 Day High Low • Jan 07New 90-day high: ₩17,750The company is up 16% from its price of ₩15,250 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period.
分析記事 • Jan 06Is It Too Late To Consider Buying Songwon Industrial Co., Ltd. (KRX:004430)?Songwon Industrial Co., Ltd. ( KRX:004430 ), might not be a large cap stock, but it saw a significant share price rise...
分析記事 • Dec 24Four Days Left Until Songwon Industrial Co., Ltd. (KRX:004430) Trades Ex-DividendSongwon Industrial Co., Ltd. ( KRX:004430 ) is about to trade ex-dividend in the next four days. You will need to...
Upcoming Dividend • Dec 22Upcoming Dividend of ₩150 Per ShareWill be paid on the 7th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.9% is below the top quartile of South Korean dividend payers (2.6%), but is in line with industry peers (0.9%).
分析記事 • Dec 16Songwon Industrial Co., Ltd.'s (KRX:004430) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Songwon Industrial (KRX:004430) has had a great run on the share market with its stock up by a significant 23% over the...
Is New 90 Day High Low • Dec 09New 90-day high: ₩17,050The company is up 29% from its price of ₩13,250 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 Chemicals industry, which is up 12% over the same period.
Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 16% share price gain to ₩17,050, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.5x. This compares to an average P/E of 15x in the Chemicals industry in South Korea. Total return to shareholders over the past three years is a loss of 32%.
分析記事 • Dec 03Is Songwon Industrial (KRX:004430) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Nov 18What Do The Returns At Songwon Industrial (KRX:004430) Mean Going Forward?To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Is New 90 Day High Low • Oct 06New 90-day high: ₩14,500The company is up 8.0% from its price of ₩13,400 on 08 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 30% over the same period.
