View Future GrowthKSS Line 過去の業績過去 基準チェック /46KSS Lineは、平均年間4.4%の収益成長を遂げていますが、 Shipping業界の収益は、年間 減少しています。収益は、平均年間11.2% 14.1%収益成長率で 成長しています。 KSS Lineの自己資本利益率は14.1%であり、純利益率は15.7%です。主要情報4.45%収益成長率4.32%EPS成長率Shipping 業界の成長34.81%収益成長率14.12%株主資本利益率14.05%ネット・マージン15.70%前回の決算情報31 Mar 2026最近の業績更新分析記事 • May 28KSS Line (KRX:044450) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfDespite announcing strong earnings, KSS Line Ltd.'s ( KRX:044450 ) stock was sluggish. We think that the market might...Reported Earnings • Mar 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₩2,543 (up from ₩755 in FY 2023). Revenue: ₩517.9b (up 9.6% from FY 2023). Net income: ₩57.4b (up 237% from FY 2023). Profit margin: 11% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • May 21First quarter 2024 earnings released: EPS: ₩524 (vs ₩533 in 1Q 2023)First quarter 2024 results: EPS: ₩524 (down from ₩533 in 1Q 2023). Revenue: ₩112.7b (up 3.6% from 1Q 2023). Net income: ₩11.8b (down 1.7% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 23Full year 2023 earnings released: EPS: ₩755 (vs ₩2,016 in FY 2022)Full year 2023 results: EPS: ₩755 (down from ₩2,016 in FY 2022). Revenue: ₩472.6b (up 6.1% from FY 2022). Net income: ₩17.0b (down 63% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩2,016 (vs ₩2,497 in FY 2021)Full year 2022 results: EPS: ₩2,016 (down from ₩2,497 in FY 2021). Revenue: ₩445.4b (up 38% from FY 2021). Net income: ₩45.5b (down 19% from FY 2021). Profit margin: 10% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updates分析記事 • May 28KSS Line (KRX:044450) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfDespite announcing strong earnings, KSS Line Ltd.'s ( KRX:044450 ) stock was sluggish. We think that the market might...New Risk • May 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 125% 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: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Buy Or Sell Opportunity • May 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to ₩11,550. The fair value is estimated to be ₩9,594, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 15%.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩13,030, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 9x in the Shipping industry in South Korea. Total returns to shareholders of 86% over the past three years.New Risk • Apr 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.5% net profit margin).Buy Or Sell Opportunity • Apr 02Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to ₩11,100. The fair value is estimated to be ₩9,175, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 18%.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩13,050, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Shipping industry in South Korea. Total returns to shareholders of 66% over the past three years.お知らせ • Feb 27KSS Line Ltd., Annual General Meeting, Mar 26, 2026KSS Line Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 12, insadong-gil, jongno-gu, seoul South KoreaUpcoming Dividend • Dec 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (3.0%).Buy Or Sell Opportunity • Nov 12Now 20% overvaluedOver the last 90 days, the stock has fallen 4.0% to ₩9,160. The fair value is estimated to be ₩7,622, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 16%.Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 3.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 07KSS Line Ltd. announces Annual dividend, payable on April 16, 2026KSS Line Ltd. announced Annual dividend of KRW 400.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.Buy Or Sell Opportunity • Apr 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to ₩8,950. The fair value is estimated to be ₩7,397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 31%.Reported Earnings • Mar 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₩2,543 (up from ₩755 in FY 2023). Revenue: ₩517.9b (up 9.6% from FY 2023). Net income: ₩57.4b (up 237% from FY 2023). Profit margin: 11% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26KSS Line Ltd., Annual General Meeting, Mar 26, 2025KSS Line Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 12, insadong-gil, jongno-gu, seoul South KoreaUpcoming Dividend • Dec 20Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 17 April 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (3.8%).分析記事 • Aug 12Here's Why KSS Line (KRX:044450) Is Weighed Down By Its Debt LoadThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • May 21First quarter 2024 earnings released: EPS: ₩524 (vs ₩533 in 1Q 2023)First quarter 2024 results: EPS: ₩524 (down from ₩533 in 1Q 2023). Revenue: ₩112.7b (up 3.6% from 1Q 2023). Net income: ₩11.8b (down 1.7% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 23Full year 2023 earnings released: EPS: ₩755 (vs ₩2,016 in FY 2022)Full year 2023 results: EPS: ₩755 (down from ₩2,016 in FY 2022). Revenue: ₩472.6b (up 6.1% from FY 2022). Net income: ₩17.0b (down 63% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩350 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is on the higher end at 78% 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 (6.1%).Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩2,016 (vs ₩2,497 in FY 2021)Full year 2022 results: EPS: ₩2,016 (down from ₩2,497 in FY 2021). Revenue: ₩445.4b (up 38% from FY 2021). Net income: ₩45.5b (down 19% from FY 2021). Profit margin: 10% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.5%).Upcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.3%).分析記事 • May 03Investors In KSS Line Ltd. (KRX:044450) Should Consider This, FirstDividend paying stocks like KSS Line Ltd. ( KRX:044450 ) tend to be popular with investors, and for good reason - some...分析記事 • Apr 09KSS Line (KRX:044450) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...分析記事 • Mar 21KSS Line (KRX:044450) Shareholders Booked A 83% Gain In The Last YearWe believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...分析記事 • Mar 06KSS Line (KRX:044450) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Feb 26KSS Line Ltd., Annual General Meeting, Mar 26, 2021KSS Line Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.分析記事 • Feb 21KSS Line Ltd.'s (KRX:044450) Stock Been Rising: Are Strong Financials Guiding The Market?KSS Line's (KRX:044450) stock is up by 2.8% over the past three months. Given that the market rewards strong financials...Is New 90 Day High Low • Feb 15New 90-day high: ₩11,250The company is up 9.0% from its price of ₩10,300 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Shipping industry, which is up 6.0% over the same period.分析記事 • Feb 08Is KSS Line Ltd.'s (KRX:044450) Shareholder Ownership Skewed Towards Insiders?If you want to know who really controls KSS Line Ltd. ( KRX:044450 ), then you'll have to look at the makeup of its...分析記事 • Jan 24KSS Line Ltd. (KRX:044450) Has Got What It Takes To Be An Attractive Dividend StockCould KSS Line Ltd. ( KRX:044450 ) be an attractive dividend share to own for the long haul? Investors are often drawn...分析記事 • Jan 09Has KSS Line (KRX:044450) Got What It Takes To Become A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Dec 25KSS Line Ltd. (KRX:044450) Looks Interesting, And It's About To Pay A DividendSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...Upcoming Dividend • Dec 22Upcoming Dividend of ₩270 Per ShareWill be paid on the 3rd of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.6% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.9%).分析記事 • Dec 11A Look At The Fair Value Of KSS Line Ltd. (KRX:044450)How far off is KSS Line Ltd. ( KRX:044450 ) from its intrinsic value? Using the most recent financial data, we'll take...分析記事 • Nov 26Introducing KSS Line (KRX:044450), A Stock That Climbed 32% In The Last YearThese days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do...Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 17% share price gain to ₩11,550, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 13x in the Shipping industry in South Korea. Total returns to shareholders over the past three years are 36%.Is New 90 Day High Low • Nov 09New 90-day high: ₩10,250The company is up 19% from its price of ₩8,590 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 22% over the same period.Is New 90 Day High Low • Oct 21New 90-day high: ₩9,850The company is up 17% from its price of ₩8,390 on 23 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 13% over the same period.Is New 90 Day High Low • Oct 05New 90-day high: ₩9,370The company is up 13% from its price of ₩8,320 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 11% over the same period.Is New 90 Day High Low • Sep 18New 90-day high: ₩9,250The company is up 12% from its price of ₩8,230 on 19 June 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 15% over the same period.収支内訳KSS Line の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史KOSE:A044450 収益、費用、利益 ( )KRW Millions日付収益収益G+A経費研究開発費31 Mar 26563,54488,49217,196031 Dec 25561,39536,56216,169030 Sep 25550,72354,56015,781030 Jun 25539,62932,72416,104031 Mar 25542,85757,16815,839031 Dec 24517,92957,41414,910030 Sep 24509,02920,04113,963030 Jun 24490,92429,37412,935031 Mar 24476,55216,84012,448031 Dec 23472,60317,04212,666030 Sep 23465,44910,14712,505030 Jun 23470,97631,38612,655031 Mar 23457,73042,46713,040031 Dec 22445,37645,47114,285030 Sep 22419,68169,35615,557030 Jun 22387,32865,43615,067031 Mar 22356,66855,09714,994031 Dec 21324,00156,07213,075030 Sep 21283,64439,94111,401030 Jun 21254,33525,38911,210031 Mar 21228,18324,30710,375031 Dec 20226,18113,12710,590030 Sep 20233,24327,71411,129030 Jun 20233,91927,23010,925031 Mar 20237,71224,74510,652031 Dec 19231,24023,3989,955030 Sep 19222,72815,1039,538030 Jun 19217,87314,2739,433031 Mar 19209,70920,2179,396031 Dec 18202,50520,5799,408030 Sep 18200,70726,1109,394030 Jun 18192,98027,6059,477031 Mar 18187,52227,3639,759031 Dec 17177,56625,6929,607030 Sep 17163,56830,8799,348030 Jun 17152,01626,9119,081031 Mar 17142,91711,3068,801031 Dec 16141,14413,2408,993030 Sep 16139,2094,9088,825030 Jun 16144,3809,4199,151031 Mar 16145,23921,8219,257031 Dec 15143,48123,1498,8230質の高い収益: A044450には₩49.5B } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: A044450の現在の純利益率 (15.7%)は、昨年(10.5%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: A044450の収益は過去 5 年間で年間4.4%増加しました。成長の加速: A044450の過去 1 年間の収益成長率 ( 54.8% ) は、5 年間の平均 ( 年間4.4%を上回っています。収益対業界: A044450の過去 1 年間の収益成長率 ( 54.8% ) はShipping業界-26.8%を上回りました。株主資本利益率高いROE: A044450の 自己資本利益率 ( 14.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTransportation 、過去の業績が好調な企業。View Financial Health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2026/08/16 08:13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KSS Line 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。4 アナリスト機関Ji-Yun LeeDaishin Securities Co. Ltd.Ick-Chan JooEugene Investment & Securities Co Ltd.Jun Young HaiM Securities1 その他のアナリストを表示
分析記事 • May 28KSS Line (KRX:044450) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfDespite announcing strong earnings, KSS Line Ltd.'s ( KRX:044450 ) stock was sluggish. We think that the market might...
Reported Earnings • Mar 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₩2,543 (up from ₩755 in FY 2023). Revenue: ₩517.9b (up 9.6% from FY 2023). Net income: ₩57.4b (up 237% from FY 2023). Profit margin: 11% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 21First quarter 2024 earnings released: EPS: ₩524 (vs ₩533 in 1Q 2023)First quarter 2024 results: EPS: ₩524 (down from ₩533 in 1Q 2023). Revenue: ₩112.7b (up 3.6% from 1Q 2023). Net income: ₩11.8b (down 1.7% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 23Full year 2023 earnings released: EPS: ₩755 (vs ₩2,016 in FY 2022)Full year 2023 results: EPS: ₩755 (down from ₩2,016 in FY 2022). Revenue: ₩472.6b (up 6.1% from FY 2022). Net income: ₩17.0b (down 63% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩2,016 (vs ₩2,497 in FY 2021)Full year 2022 results: EPS: ₩2,016 (down from ₩2,497 in FY 2021). Revenue: ₩445.4b (up 38% from FY 2021). Net income: ₩45.5b (down 19% from FY 2021). Profit margin: 10% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
分析記事 • May 28KSS Line (KRX:044450) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfDespite announcing strong earnings, KSS Line Ltd.'s ( KRX:044450 ) stock was sluggish. We think that the market might...
New Risk • May 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 125% 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: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Buy Or Sell Opportunity • May 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to ₩11,550. The fair value is estimated to be ₩9,594, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 15%.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩13,030, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 9x in the Shipping industry in South Korea. Total returns to shareholders of 86% over the past three years.
New Risk • Apr 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.5% net profit margin).
Buy Or Sell Opportunity • Apr 02Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to ₩11,100. The fair value is estimated to be ₩9,175, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 18%.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩13,050, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Shipping industry in South Korea. Total returns to shareholders of 66% over the past three years.
お知らせ • Feb 27KSS Line Ltd., Annual General Meeting, Mar 26, 2026KSS Line Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 12, insadong-gil, jongno-gu, seoul South Korea
Upcoming Dividend • Dec 22Upcoming dividend of ₩400 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (3.0%).
Buy Or Sell Opportunity • Nov 12Now 20% overvaluedOver the last 90 days, the stock has fallen 4.0% to ₩9,160. The fair value is estimated to be ₩7,622, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 16%.
Declared Dividend • Nov 08Dividend of ₩400 announcedDividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 4.5%, which is lower than the industry average of 5.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 3.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 07KSS Line Ltd. announces Annual dividend, payable on April 16, 2026KSS Line Ltd. announced Annual dividend of KRW 400.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
Buy Or Sell Opportunity • Apr 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to ₩8,950. The fair value is estimated to be ₩7,397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 31%.
Reported Earnings • Mar 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₩2,543 (up from ₩755 in FY 2023). Revenue: ₩517.9b (up 9.6% from FY 2023). Net income: ₩57.4b (up 237% from FY 2023). Profit margin: 11% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26KSS Line Ltd., Annual General Meeting, Mar 26, 2025KSS Line Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 12, insadong-gil, jongno-gu, seoul South Korea
Upcoming Dividend • Dec 20Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 17 April 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (3.8%).
分析記事 • Aug 12Here's Why KSS Line (KRX:044450) Is Weighed Down By Its Debt LoadThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • May 21First quarter 2024 earnings released: EPS: ₩524 (vs ₩533 in 1Q 2023)First quarter 2024 results: EPS: ₩524 (down from ₩533 in 1Q 2023). Revenue: ₩112.7b (up 3.6% from 1Q 2023). Net income: ₩11.8b (down 1.7% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 23Full year 2023 earnings released: EPS: ₩755 (vs ₩2,016 in FY 2022)Full year 2023 results: EPS: ₩755 (down from ₩2,016 in FY 2022). Revenue: ₩472.6b (up 6.1% from FY 2022). Net income: ₩17.0b (down 63% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩350 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is on the higher end at 78% 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 (6.1%).
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩2,016 (vs ₩2,497 in FY 2021)Full year 2022 results: EPS: ₩2,016 (down from ₩2,497 in FY 2021). Revenue: ₩445.4b (up 38% from FY 2021). Net income: ₩45.5b (down 19% from FY 2021). Profit margin: 10% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.5%).
Upcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.3%).
分析記事 • May 03Investors In KSS Line Ltd. (KRX:044450) Should Consider This, FirstDividend paying stocks like KSS Line Ltd. ( KRX:044450 ) tend to be popular with investors, and for good reason - some...
分析記事 • Apr 09KSS Line (KRX:044450) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
分析記事 • Mar 21KSS Line (KRX:044450) Shareholders Booked A 83% Gain In The Last YearWe believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...
分析記事 • Mar 06KSS Line (KRX:044450) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Feb 26KSS Line Ltd., Annual General Meeting, Mar 26, 2021KSS Line Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.
分析記事 • Feb 21KSS Line Ltd.'s (KRX:044450) Stock Been Rising: Are Strong Financials Guiding The Market?KSS Line's (KRX:044450) stock is up by 2.8% over the past three months. Given that the market rewards strong financials...
Is New 90 Day High Low • Feb 15New 90-day high: ₩11,250The company is up 9.0% from its price of ₩10,300 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Shipping industry, which is up 6.0% over the same period.
分析記事 • Feb 08Is KSS Line Ltd.'s (KRX:044450) Shareholder Ownership Skewed Towards Insiders?If you want to know who really controls KSS Line Ltd. ( KRX:044450 ), then you'll have to look at the makeup of its...
分析記事 • Jan 24KSS Line Ltd. (KRX:044450) Has Got What It Takes To Be An Attractive Dividend StockCould KSS Line Ltd. ( KRX:044450 ) be an attractive dividend share to own for the long haul? Investors are often drawn...
分析記事 • Jan 09Has KSS Line (KRX:044450) Got What It Takes To Become A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Dec 25KSS Line Ltd. (KRX:044450) Looks Interesting, And It's About To Pay A DividendSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Upcoming Dividend • Dec 22Upcoming Dividend of ₩270 Per ShareWill be paid on the 3rd of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.6% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.9%).
分析記事 • Dec 11A Look At The Fair Value Of KSS Line Ltd. (KRX:044450)How far off is KSS Line Ltd. ( KRX:044450 ) from its intrinsic value? Using the most recent financial data, we'll take...
分析記事 • Nov 26Introducing KSS Line (KRX:044450), A Stock That Climbed 32% In The Last YearThese days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do...
Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 17% share price gain to ₩11,550, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 13x in the Shipping industry in South Korea. Total returns to shareholders over the past three years are 36%.
Is New 90 Day High Low • Nov 09New 90-day high: ₩10,250The company is up 19% from its price of ₩8,590 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 22% over the same period.
Is New 90 Day High Low • Oct 21New 90-day high: ₩9,850The company is up 17% from its price of ₩8,390 on 23 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 13% over the same period.
Is New 90 Day High Low • Oct 05New 90-day high: ₩9,370The company is up 13% from its price of ₩8,320 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 11% over the same period.
Is New 90 Day High Low • Sep 18New 90-day high: ₩9,250The company is up 12% from its price of ₩8,230 on 19 June 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 15% over the same period.