공시 • Mar 04
Busan Industrial Co., Ltd., Annual General Meeting, Mar 27, 2026 Busan Industrial Co., Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 35, jangin-ro, sasang-gu, busan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩1,025 loss per share (vs ₩716 loss in 3Q 2024) Third quarter 2025 results: ₩1,025 loss per share (further deteriorated from ₩716 loss in 3Q 2024). Revenue: ₩21.2b (down 28% from 3Q 2024). Net loss: ₩1.08b (loss widened 43% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 08
Dividend of ₩250 announced Dividend of ₩250 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th April 2026 Dividend yield will be 0.4%, which is lower than the industry average of 4.3%. 공시 • Nov 07
Busan Industrial Co., Ltd. announces Annual dividend, payable on April 27, 2026 Busan Industrial Co., Ltd. announced Annual dividend of KRW 250.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 19
Second quarter 2025 earnings released: ₩1,016 loss per share (vs ₩61.00 profit in 2Q 2024) Second quarter 2025 results: ₩1,016 loss per share (down from ₩61.00 profit in 2Q 2024). Revenue: ₩25.5b (down 14% from 2Q 2024). Net loss: ₩1.07b (down ₩1.14b from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Apr 29
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: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₩101.8b market cap, or US$71.0m). 공시 • Feb 28
Busan Industrial Co., Ltd., Annual General Meeting, Mar 28, 2025 Busan Industrial Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 35, jangin-ro, sasang-gu, busan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (4.3%). New Risk • Nov 27
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 12% 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 Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩77.9b market cap, or US$55.9m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩716 loss per share (vs ₩1,069 profit in 3Q 2023) Third quarter 2024 results: ₩716 loss per share (down from ₩1,069 profit in 3Q 2023). Revenue: ₩29.6b (down 11% from 3Q 2023). Net loss: ₩755.9m (down 167% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 13
Dividend of ₩250 announced Shareholders will receive a dividend of ₩250. Ex-date: 27th December 2024 Payment date: 28th April 2025 Dividend yield will be 0.4%, which is lower than the industry average of 4.3%. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩62,200, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 8x in the Basic Materials industry in South Korea. Total loss to shareholders of 48% over the past three years. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 5.6% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩56.5b market cap, or US$42.4m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩51,300, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 8x in the Basic Materials industry in South Korea. Total loss to shareholders of 66% over the past three years. New Risk • Jul 24
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 7.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.9% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₩68.0b market cap, or US$49.2m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩70,800, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 8x in the Basic Materials industry in South Korea. Total loss to shareholders of 50% over the past three years. New Risk • May 27
New major risk - Financial position The 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). Earnings have declined by 6.9% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (₩59.6b market cap, or US$43.7m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share at 0.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 7.0% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.3%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩2,451 (vs ₩1,754 loss in FY 2021) Full year 2022 results: EPS: ₩2,451 (up from ₩1,754 loss in FY 2021). Revenue: ₩152.6b (up 19% from FY 2021). Net income: ₩2.59b (up ₩4.44b from FY 2021). Profit margin: 1.7% (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 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 42% share price gain to ₩95,500, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 14x in the Basic Materials industry in South Korea. Total loss to shareholders of 39% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩882 (vs ₩289 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩882 (up from ₩289 loss in 3Q 2021). Revenue: ₩38.8b (up 32% from 3Q 2021). Net income: ₩931.3m (up ₩1.24b from 3Q 2021). Profit margin: 2.4% (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 63 percentage points per year, which is a significant difference in performance. 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.7%). Reported Earnings • Nov 19
Third quarter 2021 earnings released: ₩289 loss per share (vs ₩811 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₩29.4b (down 8.3% from 3Q 2020). Net loss: ₩305.7m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. 공시 • Mar 04
Busan Industrial Co., Ltd., Annual General Meeting, Mar 26, 2021 Busan Industrial Co., Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 22
New 90-day high: ₩149,000 The company is up 22% from its price of ₩122,000 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 75% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩125,500 The company is up 7.0% from its price of ₩117,000 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 31% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.2% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.4%). Is New 90 Day High Low • Nov 19
New 90-day high: ₩124,500 The company is up 6.0% from its price of ₩118,000 on 21 August 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is flat over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: ₩112,500 The company is down 13% from its price of ₩129,500 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩114,500 The company is down 9.0% from its price of ₩126,000 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.