Seoul Broadcasting System（A034120）株式概要ソウル放送は韓国内外で放送事業、文化サービス事業、広告事業を行っている。 詳細A034120 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績1/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より79.8%で取引されている 収益は年間66.04%増加すると予測されています アナリストらは、株価が83.1%上昇するだろうとほぼ一致している。 リスク分析財務結果に影響を与える大きな一時的項目 利益率(0.8%)は昨年より低い(3.2%) 不安定な配当実績 すべてのリスクチェックを見るA034120 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₩14.06k295.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-63b1t2016201920222025202620282031Revenue ₩400.0bEarnings ₩3.2bAdvancedSet Fair ValueView all narrativesSeoul Broadcasting System 競合他社KX InnovationSymbol: KOSDAQ:A122450Market cap: ₩135.1bKorea Business NewsSymbol: KOSDAQ:A039340Market cap: ₩76.3bKorea New NetworkSymbol: KOSDAQ:A058400Market cap: ₩81.0bTBCSymbol: KOSDAQ:A033830Market cap: ₩47.0b価格と性能株価の高値、安値、推移の概要Seoul Broadcasting System過去の株価現在の株価₩14,060.0052週高値₩29,700.0052週安値₩13,570.00ベータ0.431ヶ月の変化-9.00%3ヶ月変化-24.61%1年変化-38.33%3年間の変化-56.27%5年間の変化-68.96%IPOからの変化-64.41%最新ニュースNew Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.分析記事 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.最新情報をもっと見るRecent updatesNew Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.分析記事 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.New Risk • Aug 14New 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩26,900, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,712 per share.分析記事 • May 30Seoul Broadcasting System (KRX:034120) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 50% over the past three years.分析記事 • Apr 30Seoul Broadcasting System's (KRX:034120) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Seoul Broadcasting System's ( KRX:034120 ) price-to-earnings (or "P/E") ratio of 11.5x...Major Estimate Revision • Apr 11Consensus EPS estimates fall by 35%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩986.8m to ₩1.04b. EPS estimate fell from ₩1,874 to ₩1,209 per share. Net income forecast to grow 6.4% next year vs 0.9% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩27,000. Share price fell 9.4% to ₩17,410 over the past week.分析記事 • Mar 28Seoul Broadcasting System's (KRX:034120) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Seoul Broadcasting System's ( KRX:034120 ) lackluster earnings report last week...Price Target Changed • Mar 20Price target increased by 8.6% to ₩27,500Up from ₩25,333, the current price target is an average from 6 analysts. New target price is 41% above last closing price of ₩19,480. Stock is down 35% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.お知らせ • Feb 28Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 161, mokdongseo-ro, yangcheon-gu, seoul South KoreaPrice Target Changed • Feb 05Price target increased by 9.4% to ₩25,333Up from ₩23,167, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of ₩23,200. Stock is down 10% over the past year. The company is forecast to post a net loss per share of ₩965 compared to earnings per share of ₩2,613 last year.Major Estimate Revision • Dec 25Consensus EPS estimates fall by 60%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩226 to ₩89.33 per share. Revenue forecast steady at ₩1.09b. Net income forecast to grow 1,753% next year vs 29% growth forecast for Media industry in South Korea. Consensus price target up from ₩21,500 to ₩23,167. Share price rose 69% to ₩26,050 over the past week.Price Target Changed • Dec 24Price target increased by 7.8% to ₩23,167Up from ₩21,500, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₩26,100. Stock is down 6.3% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.New Risk • Dec 23New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).分析記事 • Dec 20Is Seoul Broadcasting System (KRX:034120) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%).Price Target Changed • Nov 30Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 6 analysts. New target price is 40% above last closing price of ₩15,350. Stock is down 40% over the past year. The company is forecast to post earnings per share of ₩482 for next year compared to ₩2,613 last year.Reported Earnings • Nov 14Third quarter 2024 earnings released: ₩1,160 loss per share (vs ₩835 profit in 3Q 2023)Third quarter 2024 results: ₩1,160 loss per share (down from ₩835 profit in 3Q 2023). Revenue: ₩331.3b (up 39% from 3Q 2023). Net loss: ₩21.5b (down 246% from profit in 3Q 2023). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Declared Dividend • Nov 13Dividend of ₩500 announcedShareholders will receive a dividend of ₩500. Ex-date: 27th December 2024 Payment date: 21st April 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 27% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • Sep 28Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩946 to ₩1,141. Revenue forecast steady at ₩1.09b. Net income forecast to shrink 39% next year vs 14% growth forecast for Media industry in South Korea . Consensus price target down from ₩26,667 to ₩24,500. Share price rose 5.2% to ₩15,860 over the past week.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 65%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.02b to ₩1.08b. EPS estimate fell from ₩2,717 to ₩946 per share. Net income forecast to shrink 39% next year vs 13% growth forecast for Media industry in South Korea . Consensus price target down from ₩30,857 to ₩26,667. Share price rose 3.3% to ₩16,040 over the past week.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ₩270 (vs ₩1,179 in 2Q 2023)Second quarter 2024 results: EPS: ₩270 (down from ₩1,179 in 2Q 2023). Revenue: ₩275.0b (up 1.4% from 2Q 2023). Net income: ₩5.01b (down 76% from 2Q 2023). Profit margin: 1.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 32% per year.Price Target Changed • Jun 06Price target decreased by 9.2% to ₩30,857Down from ₩34,000, the current price target is an average from 7 analysts. New target price is 60% above last closing price of ₩19,240. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩1,292 for next year compared to ₩2,613 last year.分析記事 • May 21Some Investors May Be Willing To Look Past Seoul Broadcasting System's (KRX:034120) Soft EarningsSoft earnings didn't appear to concern Seoul Broadcasting System's ( KRX:034120 ) shareholders over the last week. Our...Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩697 (vs ₩338 in 1Q 2023)First quarter 2024 results: EPS: ₩697 (up from ₩338 in 1Q 2023). Revenue: ₩209.6b (down 3.7% from 1Q 2023). Net income: ₩12.9b (up 116% from 1Q 2023). Profit margin: 6.2% (up from 2.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in South Korea. 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 19% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Mar 30Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩2,238 to ₩2,559. Revenue forecast steady at ₩1.02b. Net income forecast to grow 5.8% next year vs 15% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩35,143. Share price fell 9.6% to ₩26,000 over the past week.New Risk • Mar 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ₩2,613 (down from ₩7,482 in FY 2022). Revenue: ₩996.8b (down 15% from FY 2022). Net income: ₩46.3b (down 65% from FY 2022). Profit margin: 4.6% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 14Returns On Capital Are Showing Encouraging Signs At Seoul Broadcasting System (KRX:034120)Finding 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 • Feb 10New 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin).Upcoming Dividend • Dec 20Upcoming dividend of ₩1,000 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%).New Risk • Nov 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 8.9% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin).Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩835 (vs ₩1,787 in 3Q 2022)Third quarter 2023 results: EPS: ₩835 (down from ₩1,787 in 3Q 2022). Revenue: ₩238.4b (down 8.2% from 3Q 2022). Net income: ₩14.8b (down 53% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩30,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Media industry in South Korea. Total returns to shareholders of 117% over the past three years.Major Estimate Revision • Aug 15Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩1.01b to ₩1.03b. EPS estimate fell from ₩4,343 to ₩3,432 per share. Net income forecast to shrink 48% next year vs 22% growth forecast for Media industry in South Korea . Consensus price target down from ₩46,167 to ₩41,000. Share price rose 9.3% to ₩28,100 over the past week.Price Target Changed • Jul 21Price target decreased by 7.7% to ₩46,167Down from ₩50,000, the current price target is an average from 6 analysts. New target price is 64% above last closing price of ₩28,150. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.Major Estimate Revision • Jul 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩5,225 to ₩4,597 per share. Revenue forecast steady at ₩1.01b. Net income forecast to shrink 39% next year vs 19% growth forecast for Media industry in South Korea . Consensus price target down from ₩50,000 to ₩47,600. Share price fell 5.0% to ₩27,750 over the past week.Price Target Changed • Jul 19Price target decreased by 10% to ₩47,600Down from ₩53,000, the current price target is an average from 5 analysts. New target price is 71% above last closing price of ₩27,900. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩7,482 (up from ₩7,165 in FY 2021). Revenue: ₩1.17t (up 12% from FY 2021). Net income: ₩132.3b (up 4.4% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩36,050, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 154% over the past three years.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩46,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,901 per share.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₩40,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,088 per share.Upcoming Dividend • Dec 21Upcoming dividend of ₩1,000 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%).Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ₩1,787 (vs ₩3,119 in 3Q 2021)Third quarter 2022 results: EPS: ₩1,787 (down from ₩3,119 in 3Q 2021). Revenue: ₩259.7b (down 15% from 3Q 2021). Net income: ₩31.6b (down 43% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.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. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Oct 19Price target decreased to ₩61,333Down from ₩66,000, the current price target is an average from 3 analysts. New target price is 103% above last closing price of ₩30,200. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₩8,930 for next year compared to ₩7,693 last year.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩32,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 78% over the past three years.Major Estimate Revision • Jun 30Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩1.16b to ₩1.18b. EPS estimate increased from ₩8,083 to ₩8,930 per share. Net income forecast to grow 1.8% next year vs 21% growth forecast for Media industry in South Korea. Consensus price target of ₩67,500 unchanged from last update. Share price fell 3.9% to ₩43,050 over the past week.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. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩48,150, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 80% over the past three years.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩39,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 74% over the past three years.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ₩3,208 (vs ₩3,616 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩312.1b (up 41% from 3Q 2020). Net income: ₩56.7b (up ₩120.7b from 3Q 2020). Profit margin: 18% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.Price Target Changed • Aug 12Price target increased to ₩66,000Up from ₩56,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₩53,100. Stock is up 229% over the past year.Price Target Changed • May 23Price target increased to ₩44,750Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₩40,600. Stock is up 130% over the past year.Price Target Changed • May 18Price target increased to ₩41,250Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of ₩38,900. Stock is up 122% over the past year.分析記事 • Apr 18Here's Why Seoul Broadcasting System (KRX:034120) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Price Target Changed • Apr 06Price target increased to ₩33,500Up from ₩31,250, the current price target is provided by 1 analyst. New target price is 53% above last closing price of ₩21,900. Stock is up 28% over the past year.分析記事 • Mar 28The Return Trends At Seoul Broadcasting System (KRX:034120) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Reported Earnings • Mar 22Full year 2020 earnings released: ₩3,803 loss per share (vs ₩1,114 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩860.3b (up 5.2% from FY 2019). Net loss: ₩67.3b (down 442% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.分析記事 • Mar 07What Kind Of Shareholders Hold The Majority In Seoul Broadcasting System's (KRX:034120) Shares?The big shareholder groups in Seoul Broadcasting System ( KRX:034120 ) have power over the company. Institutions will...お知らせ • Feb 27Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.分析記事 • Feb 14Is Seoul Broadcasting System's (KRX:034120) 0.7% Dividend Sustainable?Today we'll take a closer look at Seoul Broadcasting System ( KRX:034120 ) from a dividend investor's perspective...分析記事 • Jan 24Investors Who Bought Seoul Broadcasting System (KRX:034120) Shares A Year Ago Are Now Up 28%There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if when you choose to...Is New 90 Day High Low • Jan 20New 90-day high: ₩26,800The company is up 71% from its price of ₩15,700 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period.分析記事 • Jan 03These 4 Measures Indicate That Seoul Broadcasting System (KRX:034120) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Dec 29New 90-day high: ₩23,700The company is up 63% from its price of ₩14,550 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 4.0% over the same period.分析記事 • Dec 13Returns On Capital At Seoul Broadcasting System (KRX:034120) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Is New 90 Day High Low • Dec 08New 90-day high: ₩20,700The company is up 37% from its price of ₩15,100 on 09 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 Media industry, which is up 2.0% over the same period.分析記事 • Nov 22Does Seoul Broadcasting System's (KRX:034120) Statutory Profit Adequately Reflect Its Underlying Profit?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Price Target Changed • Nov 18Price target raised to ₩29,000Up from ₩21,667, the current price target is provided by 1 analyst. The new target price is 46% above the current share price of ₩19,900. As of last close, the stock is up 20% over the past year.Major Estimate Revision • Nov 18Analysts update estimatesThe 2020 consensus revenue estimate increased from ₩782.4m to ₩860.5m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from ₩480 to -₩3,312 for the same period. The Media industry in South Korea is expected to see an average net income growth of 19% next year. The consensus price target increased from ₩21,667 to ₩29,000. Share price is up 21% to ₩19,900 over the past week.Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 19x in the Media industry in South Korea. Total return to shareholders over the past three years is a loss of 22%.Is New 90 Day High Low • Nov 10New 90-day high: ₩16,250The company is up 1.0% from its price of ₩16,150 on 12 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Media industry, which is up 6.0% over the same period.株主還元A034120KR MediaKR 市場7D1.2%-2.3%4.6%1Y-38.3%-12.6%186.6%株主還元を見る業界別リターン: A034120過去 1 年間で-12.6 % の収益を上げたKR Media業界を下回りました。リターン対市場: A034120は、過去 1 年間で186.6 % のリターンを上げたKR市場を下回りました。価格変動Is A034120's price volatile compared to industry and market?A034120 volatilityA034120 Average Weekly Movement4.6%Media Industry Average Movement6.0%Market Average Movement9.4%10% most volatile stocks in KR Market16.6%10% least volatile stocks in KR Market4.9%安定した株価: A034120 、 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: A034120の 週次ボラティリティ ( 5% ) 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1990n/aMoonShin Bangwww.sbs.co.krソウル放送は韓国内外で放送事業、文化サービス事業、広告事業を行っている。地上波テレビとラジオ広告、番組販売サービスを提供している。同社は1990年に設立され、韓国のソウルに本社を置いている。もっと見るSeoul Broadcasting System 基礎のまとめSeoul Broadcasting System の収益と売上を時価総額と比較するとどうか。A034120 基礎統計学時価総額₩260.79b収益（TTM）₩8.03b売上高(TTM)₩1.01t32.5xPER（株価収益率0.3xP/SレシオA034120 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A034120 損益計算書（TTM）収益₩1.01t売上原価₩839.61b売上総利益₩168.85bその他の費用₩160.82b収益₩8.03b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）432.91グロス・マージン16.74%純利益率0.80%有利子負債／自己資本比率32.3%A034120 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2.3%現在の配当利回り76%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2026/05/26 02:15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Seoul Broadcasting System 3 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。14 アナリスト機関Hoi Jae KimDaishin Securities Co. Ltd.Chan-Seok ChoiDAOL Investment & Securities Co., Ltd.Eun Jung ShinDB Financial Investment Co. Ltd.11 その他のアナリストを表示
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.
New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
分析記事 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.
New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
分析記事 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
New Risk • Aug 14New 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩26,900, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,712 per share.
分析記事 • May 30Seoul Broadcasting System (KRX:034120) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 50% over the past three years.
分析記事 • Apr 30Seoul Broadcasting System's (KRX:034120) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Seoul Broadcasting System's ( KRX:034120 ) price-to-earnings (or "P/E") ratio of 11.5x...
Major Estimate Revision • Apr 11Consensus EPS estimates fall by 35%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩986.8m to ₩1.04b. EPS estimate fell from ₩1,874 to ₩1,209 per share. Net income forecast to grow 6.4% next year vs 0.9% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩27,000. Share price fell 9.4% to ₩17,410 over the past week.
分析記事 • Mar 28Seoul Broadcasting System's (KRX:034120) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Seoul Broadcasting System's ( KRX:034120 ) lackluster earnings report last week...
Price Target Changed • Mar 20Price target increased by 8.6% to ₩27,500Up from ₩25,333, the current price target is an average from 6 analysts. New target price is 41% above last closing price of ₩19,480. Stock is down 35% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.
お知らせ • Feb 28Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 161, mokdongseo-ro, yangcheon-gu, seoul South Korea
Price Target Changed • Feb 05Price target increased by 9.4% to ₩25,333Up from ₩23,167, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of ₩23,200. Stock is down 10% over the past year. The company is forecast to post a net loss per share of ₩965 compared to earnings per share of ₩2,613 last year.
Major Estimate Revision • Dec 25Consensus EPS estimates fall by 60%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩226 to ₩89.33 per share. Revenue forecast steady at ₩1.09b. Net income forecast to grow 1,753% next year vs 29% growth forecast for Media industry in South Korea. Consensus price target up from ₩21,500 to ₩23,167. Share price rose 69% to ₩26,050 over the past week.
Price Target Changed • Dec 24Price target increased by 7.8% to ₩23,167Up from ₩21,500, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₩26,100. Stock is down 6.3% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.
New Risk • Dec 23New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
分析記事 • Dec 20Is Seoul Broadcasting System (KRX:034120) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%).
Price Target Changed • Nov 30Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 6 analysts. New target price is 40% above last closing price of ₩15,350. Stock is down 40% over the past year. The company is forecast to post earnings per share of ₩482 for next year compared to ₩2,613 last year.
Reported Earnings • Nov 14Third quarter 2024 earnings released: ₩1,160 loss per share (vs ₩835 profit in 3Q 2023)Third quarter 2024 results: ₩1,160 loss per share (down from ₩835 profit in 3Q 2023). Revenue: ₩331.3b (up 39% from 3Q 2023). Net loss: ₩21.5b (down 246% from profit in 3Q 2023). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Declared Dividend • Nov 13Dividend of ₩500 announcedShareholders will receive a dividend of ₩500. Ex-date: 27th December 2024 Payment date: 21st April 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 27% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • Sep 28Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩946 to ₩1,141. Revenue forecast steady at ₩1.09b. Net income forecast to shrink 39% next year vs 14% growth forecast for Media industry in South Korea . Consensus price target down from ₩26,667 to ₩24,500. Share price rose 5.2% to ₩15,860 over the past week.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 65%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.02b to ₩1.08b. EPS estimate fell from ₩2,717 to ₩946 per share. Net income forecast to shrink 39% next year vs 13% growth forecast for Media industry in South Korea . Consensus price target down from ₩30,857 to ₩26,667. Share price rose 3.3% to ₩16,040 over the past week.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ₩270 (vs ₩1,179 in 2Q 2023)Second quarter 2024 results: EPS: ₩270 (down from ₩1,179 in 2Q 2023). Revenue: ₩275.0b (up 1.4% from 2Q 2023). Net income: ₩5.01b (down 76% from 2Q 2023). Profit margin: 1.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 32% per year.
Price Target Changed • Jun 06Price target decreased by 9.2% to ₩30,857Down from ₩34,000, the current price target is an average from 7 analysts. New target price is 60% above last closing price of ₩19,240. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩1,292 for next year compared to ₩2,613 last year.
分析記事 • May 21Some Investors May Be Willing To Look Past Seoul Broadcasting System's (KRX:034120) Soft EarningsSoft earnings didn't appear to concern Seoul Broadcasting System's ( KRX:034120 ) shareholders over the last week. Our...
Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩697 (vs ₩338 in 1Q 2023)First quarter 2024 results: EPS: ₩697 (up from ₩338 in 1Q 2023). Revenue: ₩209.6b (down 3.7% from 1Q 2023). Net income: ₩12.9b (up 116% from 1Q 2023). Profit margin: 6.2% (up from 2.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in South Korea. 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 19% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Mar 30Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩2,238 to ₩2,559. Revenue forecast steady at ₩1.02b. Net income forecast to grow 5.8% next year vs 15% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩35,143. Share price fell 9.6% to ₩26,000 over the past week.
New Risk • Mar 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ₩2,613 (down from ₩7,482 in FY 2022). Revenue: ₩996.8b (down 15% from FY 2022). Net income: ₩46.3b (down 65% from FY 2022). Profit margin: 4.6% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 14Returns On Capital Are Showing Encouraging Signs At Seoul Broadcasting System (KRX:034120)Finding 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 • Feb 10New 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin).
Upcoming Dividend • Dec 20Upcoming dividend of ₩1,000 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%).
New Risk • Nov 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 8.9% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin).
Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩835 (vs ₩1,787 in 3Q 2022)Third quarter 2023 results: EPS: ₩835 (down from ₩1,787 in 3Q 2022). Revenue: ₩238.4b (down 8.2% from 3Q 2022). Net income: ₩14.8b (down 53% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩30,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Media industry in South Korea. Total returns to shareholders of 117% over the past three years.
Major Estimate Revision • Aug 15Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩1.01b to ₩1.03b. EPS estimate fell from ₩4,343 to ₩3,432 per share. Net income forecast to shrink 48% next year vs 22% growth forecast for Media industry in South Korea . Consensus price target down from ₩46,167 to ₩41,000. Share price rose 9.3% to ₩28,100 over the past week.
Price Target Changed • Jul 21Price target decreased by 7.7% to ₩46,167Down from ₩50,000, the current price target is an average from 6 analysts. New target price is 64% above last closing price of ₩28,150. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.
Major Estimate Revision • Jul 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩5,225 to ₩4,597 per share. Revenue forecast steady at ₩1.01b. Net income forecast to shrink 39% next year vs 19% growth forecast for Media industry in South Korea . Consensus price target down from ₩50,000 to ₩47,600. Share price fell 5.0% to ₩27,750 over the past week.
Price Target Changed • Jul 19Price target decreased by 10% to ₩47,600Down from ₩53,000, the current price target is an average from 5 analysts. New target price is 71% above last closing price of ₩27,900. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.
Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩7,482 (up from ₩7,165 in FY 2021). Revenue: ₩1.17t (up 12% from FY 2021). Net income: ₩132.3b (up 4.4% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩36,050, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 154% over the past three years.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩46,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,901 per share.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₩40,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,088 per share.
Upcoming Dividend • Dec 21Upcoming dividend of ₩1,000 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%).
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ₩1,787 (vs ₩3,119 in 3Q 2021)Third quarter 2022 results: EPS: ₩1,787 (down from ₩3,119 in 3Q 2021). Revenue: ₩259.7b (down 15% from 3Q 2021). Net income: ₩31.6b (down 43% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
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. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Oct 19Price target decreased to ₩61,333Down from ₩66,000, the current price target is an average from 3 analysts. New target price is 103% above last closing price of ₩30,200. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₩8,930 for next year compared to ₩7,693 last year.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩32,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 78% over the past three years.
Major Estimate Revision • Jun 30Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩1.16b to ₩1.18b. EPS estimate increased from ₩8,083 to ₩8,930 per share. Net income forecast to grow 1.8% next year vs 21% growth forecast for Media industry in South Korea. Consensus price target of ₩67,500 unchanged from last update. Share price fell 3.9% to ₩43,050 over the past week.
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. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩48,150, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 80% over the past three years.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩39,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ₩3,208 (vs ₩3,616 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩312.1b (up 41% from 3Q 2020). Net income: ₩56.7b (up ₩120.7b from 3Q 2020). Profit margin: 18% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.
Price Target Changed • Aug 12Price target increased to ₩66,000Up from ₩56,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₩53,100. Stock is up 229% over the past year.
Price Target Changed • May 23Price target increased to ₩44,750Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₩40,600. Stock is up 130% over the past year.
Price Target Changed • May 18Price target increased to ₩41,250Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of ₩38,900. Stock is up 122% over the past year.
分析記事 • Apr 18Here's Why Seoul Broadcasting System (KRX:034120) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Price Target Changed • Apr 06Price target increased to ₩33,500Up from ₩31,250, the current price target is provided by 1 analyst. New target price is 53% above last closing price of ₩21,900. Stock is up 28% over the past year.
分析記事 • Mar 28The Return Trends At Seoul Broadcasting System (KRX:034120) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Reported Earnings • Mar 22Full year 2020 earnings released: ₩3,803 loss per share (vs ₩1,114 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩860.3b (up 5.2% from FY 2019). Net loss: ₩67.3b (down 442% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 07What Kind Of Shareholders Hold The Majority In Seoul Broadcasting System's (KRX:034120) Shares?The big shareholder groups in Seoul Broadcasting System ( KRX:034120 ) have power over the company. Institutions will...
お知らせ • Feb 27Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.
分析記事 • Feb 14Is Seoul Broadcasting System's (KRX:034120) 0.7% Dividend Sustainable?Today we'll take a closer look at Seoul Broadcasting System ( KRX:034120 ) from a dividend investor's perspective...
分析記事 • Jan 24Investors Who Bought Seoul Broadcasting System (KRX:034120) Shares A Year Ago Are Now Up 28%There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if when you choose to...
Is New 90 Day High Low • Jan 20New 90-day high: ₩26,800The company is up 71% from its price of ₩15,700 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period.
分析記事 • Jan 03These 4 Measures Indicate That Seoul Broadcasting System (KRX:034120) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Dec 29New 90-day high: ₩23,700The company is up 63% from its price of ₩14,550 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 4.0% over the same period.
分析記事 • Dec 13Returns On Capital At Seoul Broadcasting System (KRX:034120) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Is New 90 Day High Low • Dec 08New 90-day high: ₩20,700The company is up 37% from its price of ₩15,100 on 09 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 Media industry, which is up 2.0% over the same period.
分析記事 • Nov 22Does Seoul Broadcasting System's (KRX:034120) Statutory Profit Adequately Reflect Its Underlying Profit?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Price Target Changed • Nov 18Price target raised to ₩29,000Up from ₩21,667, the current price target is provided by 1 analyst. The new target price is 46% above the current share price of ₩19,900. As of last close, the stock is up 20% over the past year.
Major Estimate Revision • Nov 18Analysts update estimatesThe 2020 consensus revenue estimate increased from ₩782.4m to ₩860.5m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from ₩480 to -₩3,312 for the same period. The Media industry in South Korea is expected to see an average net income growth of 19% next year. The consensus price target increased from ₩21,667 to ₩29,000. Share price is up 21% to ₩19,900 over the past week.
Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 19x in the Media industry in South Korea. Total return to shareholders over the past three years is a loss of 22%.
Is New 90 Day High Low • Nov 10New 90-day high: ₩16,250The company is up 1.0% from its price of ₩16,150 on 12 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Media industry, which is up 6.0% over the same period.
