View Future GrowthTongyang 과거 순이익 실적과거 기준 점검 2/6Tongyang의 수입은 연평균 -46.2%의 비율로 감소해 온 반면, Basic Materials 산업은 수입이 연평균 4.4% 증가했습니다. 매출은 연평균 2.1%의 비율로 증가해 왔습니다. Tongyang의 자기자본이익률은 2.7%이고 순이익률은 3.2%입니다.핵심 정보-46.20%순이익 성장률-46.37%주당순이익(EPS) 성장률Basic Materials 산업 성장률24.67%매출 성장률2.12%자기자본이익률2.68%순이익률3.16%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.분석 기사 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.분석 기사 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...모든 업데이트 보기Recent updates공시 • 2hTongyang Inc. announced that it has received KRW 1.2308 billion in funding from Eugene CorporationOn May 20, 2026, Tongyang Inc. closed the transaction.공시 • May 13Tongyang Inc. announced that it expects to receive KRW 1.2308 billion in funding from Eugene CorporationTongyang Inc. announced a private placement to issue 170,000 registered class 2nd preferred stock at an issue price of KRW 7,240 for gross proceeds of KRW 1,230,800,000 on May 12, 2026. The transaction includes participation from returning investor, Eugene Corporation. The transaction has been approved by the board of directors of the company. The offering is expected to close on May 20, 2026. The shares are subject to 1 year lock-up. The transaction will happen through third party allocation.New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩144.2b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩144.2b market cap, or US$97.8m).New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩150.2b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩150.2b market cap, or US$99.1m).공시 • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2026Tongyang Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea분석 기사 • Oct 29Tongyang (KRX:001520) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Sep 26Subdued Growth No Barrier To Tongyang Inc. (KRX:001520) With Shares Advancing 33%Tongyang Inc. ( KRX:001520 ) shareholders have had their patience rewarded with a 33% share price jump in the last...분석 기사 • Sep 26Tongyang Inc.'s (KRX:001520) 33% Share Price Surge Not Quite Adding UpThe Tongyang Inc. ( KRX:001520 ) share price has done very well over the last month, posting an excellent gain of 33...New Risk • Sep 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.공시 • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2025Tongyang Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South KoreaNew Risk • Dec 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.2b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.2b market cap, or US$96.5m).New Risk • Nov 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩868, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 7x in the Basic Materials industry in South Korea. Total loss to shareholders of 35% over the past three years.분석 기사 • Nov 19Tongyang (KRX:001520) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.분석 기사 • Aug 06Many Still Looking Away From Tongyang Inc. (KRX:001520)It's not a stretch to say that Tongyang Inc.'s ( KRX:001520 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...분석 기사 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩40.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (4.3%).Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 21Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Dec 22Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.7%).분석 기사 • Apr 28Do Investors Have Good Reason To Be Wary Of Tongyang Inc.'s (KRX:001520) 2.7% Dividend Yield?Is Tongyang Inc. ( KRX:001520 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...분석 기사 • Mar 02Is Tongyang (KRX:001520) Using Debt Sensibly?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Feb 04Tongyang's (KRX:001520) Shareholders Are Down 59% On Their SharesTongyang Inc. ( KRX:001520 ) shareholders should be happy to see the share price up 11% in the last quarter. But that...Is New 90 Day High Low • Jan 15New 90-day high: ₩1,275The company is up 12% from its price of ₩1,140 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 34% over the same period.분석 기사 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...분석 기사 • Dec 24Here's Why We're Wary Of Buying Tongyang's (KRX:001520) For Its Upcoming DividendIt looks like Tongyang Inc. ( KRX:001520 ) is about to go ex-dividend in the next 4 days. This means that investors who...Upcoming Dividend • Dec 22Upcoming Dividend of ₩40.00 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.3% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.4%).분석 기사 • Dec 21How Much Of Tongyang Inc. (KRX:001520) Do Institutions Own?A look at the shareholders of Tongyang Inc. ( KRX:001520 ) can tell us which group is most powerful. Institutions will...분석 기사 • Nov 30Is Tongyang (KRX:001520) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Nov 17New 90-day high: ₩1,225The company is up 7.0% from its price of ₩1,145 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 3.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: ₩1,065The company is down 13% from its price of ₩1,220 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period.매출 및 비용 세부 내역Tongyang가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이KOSE:A001520 매출, 비용 및 순이익 (KRW Millions)날짜매출순이익일반관리비연구개발비31 Dec 25630,62819,94661,0031,70530 Sep 25653,968-78,11963,0371,86530 Jun 25667,031-83,65065,2071,92631 Mar 25714,374-85,86065,0391,84131 Dec 24750,408-74,23365,3771,84530 Sep 24824,148-16,96468,5651,95630 Jun 24844,4932,34765,9041,97931 Mar 24855,2897,64166,3081,99631 Dec 23866,32718,14365,0741,90630 Sep 23834,136-11,40361,6281,74430 Jun 23838,013-15,68561,8731,64831 Mar 23807,934-27,30962,5591,52731 Dec 22767,682-41,09662,9961,38230 Sep 22750,5299,86463,1381,23430 Jun 22724,82213,76863,8191,12631 Mar 22706,70422,61162,4311,03131 Dec 21699,56929,18360,9671,01030 Sep 21668,7941,71762,81492630 Jun 21643,869-38360,43592931 Mar 21618,541-1,84259,21988831 Dec 20602,940-8,63659,40185330 Sep 20597,9519,90254,91085930 Jun 20574,0762,09658,29480831 Mar 20569,276-2,16258,77082531 Dec 19539,085-43958,48581330 Sep 19517,072-9,39459,07585330 Jun 19528,858-4,24355,33289231 Mar 19528,903-12255,49492231 Dec 18529,7453,26950,75495930 Sep 18511,5757,97250,11395530 Jun 18499,99212,73246,03087331 Mar 18481,80217,03442,19179031 Dec 17483,08816,28944,21170330 Sep 17486,18418,86944,03255830 Jun 17468,35318,41142,26739931 Mar 17456,28117,31539,33824931 Dec 16439,90224,34440,92511730 Sep 16413,839103,65138,582030 Jun 16403,1929,68037,611031 Mar 16395,48820,49036,184031 Dec 15392,665219,43529,825030 Sep 15404,206-32,47421,154030 Jun 15400,908139,87420,4500양질의 수익: A001520는 ₩72.9B 규모의 큰 일회성 이익이 있어 31st December, 2025까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: A001520는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: A001520는 지난 5년 동안 흑자전환하며 연평균 -46.2%의 수익 성장을 기록했습니다.성장 가속화: A001520는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: A001520는 지난해 흑자전환하여 지난 해 수익 성장률을 Basic Materials 업계(-59.7%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: A001520의 자본 수익률(2.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 21:13종가2026/05/22 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 소스Tongyang Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관HyunMok ChoShinhan Investment Corp.
Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
분석 기사 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
분석 기사 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
공시 • 2hTongyang Inc. announced that it has received KRW 1.2308 billion in funding from Eugene CorporationOn May 20, 2026, Tongyang Inc. closed the transaction.
공시 • May 13Tongyang Inc. announced that it expects to receive KRW 1.2308 billion in funding from Eugene CorporationTongyang Inc. announced a private placement to issue 170,000 registered class 2nd preferred stock at an issue price of KRW 7,240 for gross proceeds of KRW 1,230,800,000 on May 12, 2026. The transaction includes participation from returning investor, Eugene Corporation. The transaction has been approved by the board of directors of the company. The offering is expected to close on May 20, 2026. The shares are subject to 1 year lock-up. The transaction will happen through third party allocation.
New Risk • May 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩144.2b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩144.2b market cap, or US$97.8m).
New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩150.2b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩150.2b market cap, or US$99.1m).
공시 • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2026Tongyang Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea
분석 기사 • Oct 29Tongyang (KRX:001520) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Sep 26Subdued Growth No Barrier To Tongyang Inc. (KRX:001520) With Shares Advancing 33%Tongyang Inc. ( KRX:001520 ) shareholders have had their patience rewarded with a 33% share price jump in the last...
분석 기사 • Sep 26Tongyang Inc.'s (KRX:001520) 33% Share Price Surge Not Quite Adding UpThe Tongyang Inc. ( KRX:001520 ) share price has done very well over the last month, posting an excellent gain of 33...
New Risk • Sep 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).
Reported Earnings • Mar 22Full year 2024 earnings released: ₩390 loss per share (vs ₩95.00 profit in FY 2023)Full year 2024 results: ₩390 loss per share (down from ₩95.00 profit in FY 2023). Revenue: ₩750.4b (down 13% from FY 2023). Net loss: ₩74.2b (down ₩92.4b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
공시 • Mar 11Tongyang Inc., Annual General Meeting, Mar 26, 2025Tongyang Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 33, gukhoe-daero 76-gil, yeongdeungpo-gu, seoul South Korea
New Risk • Dec 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.2b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.2b market cap, or US$96.5m).
New Risk • Nov 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩868, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 7x in the Basic Materials industry in South Korea. Total loss to shareholders of 35% over the past three years.
분석 기사 • Nov 19Tongyang (KRX:001520) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ₩30.00 (vs ₩58.00 in 2Q 2023)Second quarter 2024 results: EPS: ₩30.00 (down from ₩58.00 in 2Q 2023). Revenue: ₩211.1b (down 4.9% from 2Q 2023). Net income: ₩5.78b (down 48% from 2Q 2023). Profit margin: 2.7% (down from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
분석 기사 • Aug 06Many Still Looking Away From Tongyang Inc. (KRX:001520)It's not a stretch to say that Tongyang Inc.'s ( KRX:001520 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...
분석 기사 • Mar 27Shareholders Can Be Confident That Tongyang's (KRX:001520) Earnings Are High QualityTongyang Inc. ( KRX:001520 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: ₩95.00 (vs ₩215 loss in FY 2022)Full year 2023 results: EPS: ₩95.00 (up from ₩215 loss in FY 2022). Revenue: ₩866.3b (up 13% from FY 2022). Net income: ₩18.2b (up ₩59.2b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩40.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (4.3%).
Reported Earnings • Mar 26Full year 2022 earnings released: ₩215 loss per share (vs ₩146 profit in FY 2021)Full year 2022 results: ₩215 loss per share (down from ₩146 profit in FY 2021). Revenue: ₩767.7b (up 9.7% from FY 2021). Net loss: ₩41.0b (down 240% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 21Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Chairman Jae-Hyun Hyun was the last director to join the board, commencing their role in 1989. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Dec 22Upcoming dividend of ₩40.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.7%).
분석 기사 • Apr 28Do Investors Have Good Reason To Be Wary Of Tongyang Inc.'s (KRX:001520) 2.7% Dividend Yield?Is Tongyang Inc. ( KRX:001520 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
분석 기사 • Mar 02Is Tongyang (KRX:001520) Using Debt Sensibly?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Feb 04Tongyang's (KRX:001520) Shareholders Are Down 59% On Their SharesTongyang Inc. ( KRX:001520 ) shareholders should be happy to see the share price up 11% in the last quarter. But that...
Is New 90 Day High Low • Jan 15New 90-day high: ₩1,275The company is up 12% from its price of ₩1,140 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 34% over the same period.
분석 기사 • Jan 14We Wouldn't Rely On Tongyang's (KRX:001520) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
분석 기사 • Dec 24Here's Why We're Wary Of Buying Tongyang's (KRX:001520) For Its Upcoming DividendIt looks like Tongyang Inc. ( KRX:001520 ) is about to go ex-dividend in the next 4 days. This means that investors who...
Upcoming Dividend • Dec 22Upcoming Dividend of ₩40.00 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.3% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.4%).
분석 기사 • Dec 21How Much Of Tongyang Inc. (KRX:001520) Do Institutions Own?A look at the shareholders of Tongyang Inc. ( KRX:001520 ) can tell us which group is most powerful. Institutions will...
분석 기사 • Nov 30Is Tongyang (KRX:001520) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Nov 17New 90-day high: ₩1,225The company is up 7.0% from its price of ₩1,145 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: ₩1,065The company is down 13% from its price of ₩1,220 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period.