View Financial HealthGRITEE 배당 및 자사주 매입배당 기준 점검 3/6GRITEE 수익으로 충분히 충당되는 현재 수익률 5.07% 보유한 배당금 지급 회사입니다.핵심 정보5.1%배당 수익률0.7%자사주 매입 수익률총 주주 수익률5.7%미래 배당 수익률n/a배당 성장률10.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향41%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.Upcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).공시 • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).모든 업데이트 보기Recent updatesReported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩238 (vs ₩487 in FY 2024)Full year 2025 results: EPS: ₩238 (down from ₩487 in FY 2024). Revenue: ₩201.7b (up 3.6% from FY 2024). Net income: ₩4.69b (down 52% from FY 2024). Profit margin: 2.3% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Mar 17GRITEE, Inc., Annual General Meeting, Mar 27, 2026GRITEE, Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 11, hakdong-ro 67-gil, gangnam-gu, seoul South KoreaUpcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).분석 기사 • Nov 26GRITEE's (KOSDAQ:204020) Anemic Earnings Might Be Worse Than You ThinkGRITEE, Inc.'s ( KOSDAQ:204020 ) recent weak earnings report didn't cause a big stock movement. We think that investors...Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.분석 기사 • Aug 29Earnings Working Against GRITEE, Inc.'s (KOSDAQ:204020) Share Price Following 27% DiveGRITEE, Inc. ( KOSDAQ:204020 ) shareholders won't be pleased to see that the share price has had a very rough month...New Risk • Aug 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (67% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩49.8b market cap, or US$35.9m).분석 기사 • Aug 18We Think GRITEE (KOSDAQ:204020) Can Stay On Top Of Its DebtKOSDAQ:A204020 1 Year Share Price vs Fair Value Explore GRITEE's Fair Values from the Community and select yours Warren...Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₩2,685, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years.New Risk • Aug 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩63.6b market cap, or US$46.0m).Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩3,490, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 18% over the past three years.분석 기사 • Jul 09We Like These Underlying Return On Capital Trends At GRITEE (KOSDAQ:204020)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...New Risk • Jun 21New 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 9.0% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩87.4b market cap, or US$63.7m).분석 기사 • Jun 17GRITEE, Inc.'s (KOSDAQ:204020) Share Price Boosted 53% But Its Business Prospects Need A Lift TooGRITEE, Inc. ( KOSDAQ:204020 ) shareholders would be excited to see that the share price has had a great month, posting...Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩3,385, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past three years.분석 기사 • May 23GRITEE's (KOSDAQ:204020) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by GRITEE, Inc. ( KOSDAQ:204020 ) were solid, but the stock didn't move as much as we...New Risk • May 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩50.1b market cap, or US$36.4m).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩487 (vs ₩424 in FY 2023)Full year 2024 results: EPS: ₩487 (up from ₩424 in FY 2023). Revenue: ₩194.7b (up 11% from FY 2023). Net income: ₩9.72b (up 14% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Mar 08GRITEE, Inc., Annual General Meeting, Mar 21, 2025GRITEE, Inc., Annual General Meeting, Mar 21, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 17, hakdong-ro 43-gil, gangnam-gu, seoul South KoreaUpcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 11Third quarter 2024 earnings released: EPS: ₩169 (vs ₩160 in 3Q 2023)Third quarter 2024 results: EPS: ₩169 (up from ₩160 in 3Q 2023). Revenue: ₩54.3b (up 7.6% from 3Q 2023). Net income: ₩3.37b (up 5.3% from 3Q 2023). Profit margin: 6.2% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩220 (vs ₩169 in 2Q 2023)Second quarter 2024 results: EPS: ₩220 (up from ₩169 in 2Q 2023). Revenue: ₩63.1b (up 15% from 2Q 2023). Net income: ₩4.41b (up 30% from 2Q 2023). Profit margin: 7.0% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.분석 기사 • May 21Shareholders Will Be Pleased With The Quality of GRITEE's (KOSDAQ:204020) EarningsThe subdued stock price reaction suggests that GRITEE, Inc.'s ( KOSDAQ:204020 ) strong earnings didn't offer any...Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩84.00 (vs ₩65.00 in 1Q 2023)First quarter 2024 results: EPS: ₩84.00 (up from ₩65.00 in 1Q 2023). Revenue: ₩40.8b (up 6.6% from 1Q 2023). Net income: ₩1.69b (up 30% from 1Q 2023). Profit margin: 4.1% (up from 3.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩424 (vs ₩101 in FY 2022)Full year 2023 results: EPS: ₩424 (up from ₩101 in FY 2022). Revenue: ₩176.1b (up 23% from FY 2022). Net income: ₩8.49b (up 320% from FY 2022). Profit margin: 4.8% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₩160 (vs ₩78.00 in 3Q 2022)Third quarter 2023 results: EPS: ₩160 (up from ₩78.00 in 3Q 2022). Revenue: ₩50.5b (up 14% from 3Q 2022). Net income: ₩3.20b (up 106% from 3Q 2022). Profit margin: 6.3% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₩169 (vs ₩105 in 2Q 2022)Second quarter 2023 results: EPS: ₩169 (up from ₩105 in 2Q 2022). Revenue: ₩54.7b (up 25% from 2Q 2022). Net income: ₩3.38b (up 61% from 2Q 2022). Profit margin: 6.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩101 (vs ₩349 loss in FY 2021)Full year 2022 results: EPS: ₩101 (up from ₩349 loss in FY 2021). Revenue: ₩143.1b (up 32% from FY 2021). Net income: ₩2.02b (up ₩8.87b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₩78.00 (vs ₩38.00 loss in 3Q 2021)Third quarter 2022 results: EPS: ₩78.00 (up from ₩38.00 loss in 3Q 2021). Revenue: ₩44.4b (up 42% from 3Q 2021). Net income: ₩1.56b (up ₩2.31b from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Reported Earnings • May 11First quarter 2022 earnings released: EPS: ₩7.00 (vs ₩117 loss in 1Q 2021)First quarter 2022 results: EPS: ₩7.00 (up from ₩117 loss in 1Q 2021). Revenue: ₩26.6b (up 30% from 1Q 2021). Net income: ₩142.3m (up ₩2.36b from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Dec 22Upcoming dividend of ₩30.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%).분석 기사 • Mar 19Is GRITEE, Inc.'s (KOSDAQ:204020) 1.0% Dividend Worth Your Time?Today we'll take a closer look at GRITEE, Inc. ( KOSDAQ:204020 ) from a dividend investor's perspective. Owning a...분석 기사 • Feb 12Returns On Capital At GRITEE (KOSDAQ:204020) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Is New 90 Day High Low • Jan 29New 90-day low: ₩2,840The company is down 8.0% from its price of ₩3,100 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period.분석 기사 • Jan 20Are GRITEE's (KOSDAQ:204020) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Jan 11New 90-day low: ₩2,920The company is down 14% from its price of ₩3,390 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period.분석 기사 • Dec 25GRITEE, Inc. (KOSDAQ:204020) Stock Goes Ex-Dividend In Just Three DaysSome 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 ₩30.00 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.0% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%).분석 기사 • Dec 16GRITEE (KOSDAQ:204020) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Nov 25Is GRITEE, Inc. (KOSDAQ:204020) A Smart Pick For Income Investors?Could GRITEE, Inc. (KOSDAQ:204020) be an attractive dividend share to own for the long haul? Investors are often drawn...지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: A204020 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: A204020 의 배당금 지급이 증가했지만 회사는 7 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장GRITEE 배당 수익률 vs 시장A204020의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (A204020)5.1%시장 하위 25% (KR)1.0%시장 상위 25% (KR)3.9%업계 평균 (Luxury)3.1%분석가 예측 (A204020) (최대 3년)n/a주목할만한 배당금: A204020 의 배당금( 5.07% )은 KR 시장에서 배당금 지급자의 하위 25%( 1.03% )보다 높습니다.고배당: A204020 의 배당금( 5.07% )은 KR 시장( 3.76% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 40.5% )로 A204020 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: A204020 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YKR 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 04:07종가2026/05/20 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스GRITEE, Inc.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sang-Hun LeeiM SecuritiesDongguen KangYuanta Securities Korea Co., Ltd.
Upcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).
Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).
공시 • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).
Reported Earnings • Mar 25Full year 2025 earnings released: EPS: ₩238 (vs ₩487 in FY 2024)Full year 2025 results: EPS: ₩238 (down from ₩487 in FY 2024). Revenue: ₩201.7b (up 3.6% from FY 2024). Net income: ₩4.69b (down 52% from FY 2024). Profit margin: 2.3% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Mar 17GRITEE, Inc., Annual General Meeting, Mar 27, 2026GRITEE, Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 11, hakdong-ro 67-gil, gangnam-gu, seoul South Korea
Upcoming Dividend • Dec 22Upcoming dividend of ₩110 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%).
분석 기사 • Nov 26GRITEE's (KOSDAQ:204020) Anemic Earnings Might Be Worse Than You ThinkGRITEE, Inc.'s ( KOSDAQ:204020 ) recent weak earnings report didn't cause a big stock movement. We think that investors...
Declared Dividend • Nov 08Dividend of ₩110 announcedDividend of ₩110 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Nov 07GRITEE, Inc. announces Annual dividend, payable on April 13, 2026GRITEE, Inc. announced Annual dividend of KRW 110.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
분석 기사 • Aug 29Earnings Working Against GRITEE, Inc.'s (KOSDAQ:204020) Share Price Following 27% DiveGRITEE, Inc. ( KOSDAQ:204020 ) shareholders won't be pleased to see that the share price has had a very rough month...
New Risk • Aug 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (67% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩49.8b market cap, or US$35.9m).
분석 기사 • Aug 18We Think GRITEE (KOSDAQ:204020) Can Stay On Top Of Its DebtKOSDAQ:A204020 1 Year Share Price vs Fair Value Explore GRITEE's Fair Values from the Community and select yours Warren...
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ₩2,685, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years.
New Risk • Aug 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩63.6b market cap, or US$46.0m).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩3,490, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 18% over the past three years.
분석 기사 • Jul 09We Like These Underlying Return On Capital Trends At GRITEE (KOSDAQ:204020)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
New Risk • Jun 21New 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 9.0% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩87.4b market cap, or US$63.7m).
분석 기사 • Jun 17GRITEE, Inc.'s (KOSDAQ:204020) Share Price Boosted 53% But Its Business Prospects Need A Lift TooGRITEE, Inc. ( KOSDAQ:204020 ) shareholders would be excited to see that the share price has had a great month, posting...
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩3,385, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past three years.
분석 기사 • May 23GRITEE's (KOSDAQ:204020) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by GRITEE, Inc. ( KOSDAQ:204020 ) were solid, but the stock didn't move as much as we...
New Risk • May 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩50.1b market cap, or US$36.4m).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩487 (vs ₩424 in FY 2023)Full year 2024 results: EPS: ₩487 (up from ₩424 in FY 2023). Revenue: ₩194.7b (up 11% from FY 2023). Net income: ₩9.72b (up 14% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Mar 08GRITEE, Inc., Annual General Meeting, Mar 21, 2025GRITEE, Inc., Annual General Meeting, Mar 21, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 17, hakdong-ro 43-gil, gangnam-gu, seoul South Korea
Upcoming Dividend • Dec 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 11Third quarter 2024 earnings released: EPS: ₩169 (vs ₩160 in 3Q 2023)Third quarter 2024 results: EPS: ₩169 (up from ₩160 in 3Q 2023). Revenue: ₩54.3b (up 7.6% from 3Q 2023). Net income: ₩3.37b (up 5.3% from 3Q 2023). Profit margin: 6.2% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Oct 08GRITEE, Inc. (KOSDAQ:A204020) announces an Equity Buyback for KRW 2,000 million worth of its shares.GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 7, 2025. As of October 6, 2024, the company had 125,773 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩220 (vs ₩169 in 2Q 2023)Second quarter 2024 results: EPS: ₩220 (up from ₩169 in 2Q 2023). Revenue: ₩63.1b (up 15% from 2Q 2023). Net income: ₩4.41b (up 30% from 2Q 2023). Profit margin: 7.0% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
분석 기사 • May 21Shareholders Will Be Pleased With The Quality of GRITEE's (KOSDAQ:204020) EarningsThe subdued stock price reaction suggests that GRITEE, Inc.'s ( KOSDAQ:204020 ) strong earnings didn't offer any...
Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩84.00 (vs ₩65.00 in 1Q 2023)First quarter 2024 results: EPS: ₩84.00 (up from ₩65.00 in 1Q 2023). Revenue: ₩40.8b (up 6.6% from 1Q 2023). Net income: ₩1.69b (up 30% from 1Q 2023). Profit margin: 4.1% (up from 3.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩424 (vs ₩101 in FY 2022)Full year 2023 results: EPS: ₩424 (up from ₩101 in FY 2022). Revenue: ₩176.1b (up 23% from FY 2022). Net income: ₩8.49b (up 320% from FY 2022). Profit margin: 4.8% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩30.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ₩160 (vs ₩78.00 in 3Q 2022)Third quarter 2023 results: EPS: ₩160 (up from ₩78.00 in 3Q 2022). Revenue: ₩50.5b (up 14% from 3Q 2022). Net income: ₩3.20b (up 106% from 3Q 2022). Profit margin: 6.3% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₩169 (vs ₩105 in 2Q 2022)Second quarter 2023 results: EPS: ₩169 (up from ₩105 in 2Q 2022). Revenue: ₩54.7b (up 25% from 2Q 2022). Net income: ₩3.38b (up 61% from 2Q 2022). Profit margin: 6.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩101 (vs ₩349 loss in FY 2021)Full year 2022 results: EPS: ₩101 (up from ₩349 loss in FY 2021). Revenue: ₩143.1b (up 32% from FY 2021). Net income: ₩2.02b (up ₩8.87b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ₩78.00 (vs ₩38.00 loss in 3Q 2021)Third quarter 2022 results: EPS: ₩78.00 (up from ₩38.00 loss in 3Q 2021). Revenue: ₩44.4b (up 42% from 3Q 2021). Net income: ₩1.56b (up ₩2.31b from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: ₩7.00 (vs ₩117 loss in 1Q 2021)First quarter 2022 results: EPS: ₩7.00 (up from ₩117 loss in 1Q 2021). Revenue: ₩26.6b (up 30% from 1Q 2021). Net income: ₩142.3m (up ₩2.36b from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Dec 22Upcoming dividend of ₩30.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%).
분석 기사 • Mar 19Is GRITEE, Inc.'s (KOSDAQ:204020) 1.0% Dividend Worth Your Time?Today we'll take a closer look at GRITEE, Inc. ( KOSDAQ:204020 ) from a dividend investor's perspective. Owning a...
분석 기사 • Feb 12Returns On Capital At GRITEE (KOSDAQ:204020) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Is New 90 Day High Low • Jan 29New 90-day low: ₩2,840The company is down 8.0% from its price of ₩3,100 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period.
분석 기사 • Jan 20Are GRITEE's (KOSDAQ:204020) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Jan 11New 90-day low: ₩2,920The company is down 14% from its price of ₩3,390 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period.
분석 기사 • Dec 25GRITEE, Inc. (KOSDAQ:204020) Stock Goes Ex-Dividend In Just Three DaysSome 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 ₩30.00 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.0% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%).
분석 기사 • Dec 16GRITEE (KOSDAQ:204020) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Nov 25Is GRITEE, Inc. (KOSDAQ:204020) A Smart Pick For Income Investors?Could GRITEE, Inc. (KOSDAQ:204020) be an attractive dividend share to own for the long haul? Investors are often drawn...