New Risk • May 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% 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 Risks Earnings have declined by 46% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (₩27.0b market cap, or US$18.0m). New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩30.6b market cap, or US$20.4m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,805, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 34% over the past three years. 공고 • Feb 25
Daedong Steel Co., Ltd., Annual General Meeting, Mar 26, 2026 Daedong Steel Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 29, aenggogae-ro 622 beon-gil, namdong-gu, incheon South Korea New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.2% 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 (9.2% average weekly change). Market cap is less than US$100m (₩33.7b market cap, or US$23.0m). Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩3,685, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 14x in the Metals and Mining industry in South Korea. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩31.9b (down 6.1% from 3Q 2024). Net loss: ₩173.2m (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩3,905, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total loss to shareholders of 41% over the past three years. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.7% 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 Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₩37.9b market cap, or US$26.1m). 공고 • Feb 25
Daedong Steel Co., Ltd., Annual General Meeting, Mar 26, 2025 Daedong Steel Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 29, aenggogae-ro 622 beon-gil, namdong-gu, incheon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.9%). 공고 • Oct 07
Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces an Equity Buyback for KRW 1,000 million worth of its shares. Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is stabilization of stock prices and improvement of shareholder value. The repurchase program will expire on April 6, 2025. As of October 6, 2024, the company had 595,273 shares within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Jul 05
New major risk - Share price stability The 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). Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩39.6b market cap, or US$28.7m). New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.6% 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 Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₩46.6b market cap, or US$33.9m). 공고 • Apr 04
Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces an Equity Buyback for KRW 1,000 million worth of its shares. Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is stabilization of stock prices and improvement of shareholder value. The repurchase program will expire on October 2, 2024. As of April 2, 2024, the company had 349,550 shares within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). 공고 • Oct 06
Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces an Equity Buyback for KRW 1,000 million worth of its shares. Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is stabilization of stock prices and improvement of shareholder value. The repurchase program will expire on April 5, 2024. As of October 4, 2023, the company had 78,109 shares within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 28 April 2023. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 • Sep 16
Investor sentiment improved over the past week After last week's 37% share price gain to ₩6,640, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩4,400, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 45% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 • Jan 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₩6,780, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 45% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 22 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Daedong Steel since going public. The average dividend yield among industry peers is 2.3%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,230, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,210, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total loss to shareholders of 44% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day high: ₩5,460 The company is up 11% from its price of ₩4,940 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. 공고 • Feb 25
Daedong Steel Co., Ltd., Annual General Meeting, Mar 25, 2021 Daedong Steel Co., Ltd., Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 21
New 90-day high: ₩5,440 The company is up 13% from its price of ₩4,800 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩5,240 The company is up 4.0% from its price of ₩5,050 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩30.00 Per Share Will be paid on the 23rd of April to those who are registered shareholders by the 29th of December. The company last paid an ordinary dividend in March 2010. The average dividend yield among industry peers is 3.1%.