Seoul Broadcasting System (A034120) 주식 개요서울방송시스템은 국내 및 해외에서 방송, 문화 서비스, 광고 사업을 영위하고 있습니다. 자세히 보기A034120 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장3/6과거 실적1/6재무 건전성4/6배당2/6강점공정 가치 추정치보다 낮은 78.3% 에서 거래수익은 매년 54.39% 증가할 것으로 예상됩니다.분석가들은 주가가 97.8% 상승할 것이라는 데 동의합니다.위험 분석재무 결과에 영향을 미치는 대규모 일회성 항목이익 마진 (0.1%)이 지난해 (1.3%)보다 낮습니다.2.64% 의 배당금은 수익으로 잘 충당되지 않습니다.모든 위험 점검 보기A034120 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₩Current Price₩12.51k142.4% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-23b1t2016201920222025202620282031Revenue ₩648.1bEarnings ₩664.4mAdvancedSet Fair ValueView all narrativesSeoul Broadcasting System 경쟁사KX InnovationSymbol: KOSDAQ:A122450Market cap: ₩115.4bKorea New NetworkSymbol: KOSDAQ:A058400Market cap: ₩71.6bKorea Business NewsSymbol: KOSDAQ:A039340Market cap: ₩74.0biMBCLtdSymbol: KOSDAQ:A052220Market cap: ₩48.9b가격 이력 및 성과Seoul Broadcasting System 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₩12,510.0052주 최고가₩29,700.0052주 최저가₩12,320.00베타0.271개월 변동-18.50%3개월 변동-25.00%1년 변동-56.94%3년 변동-61.63%5년 변동-73.86%IPO 이후 변동-68.33%최근 뉴스 및 업데이트New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.공시 • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.분석 기사 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.더 많은 업데이트 보기Recent updatesNew Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.공시 • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.분석 기사 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.New Risk • Aug 14New 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 8.0% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩26,900, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,712 per share.분석 기사 • May 30Seoul Broadcasting System (KRX:034120) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 50% over the past three years.분석 기사 • Apr 30Seoul Broadcasting System's (KRX:034120) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Seoul Broadcasting System's ( KRX:034120 ) price-to-earnings (or "P/E") ratio of 11.5x...Major Estimate Revision • Apr 11Consensus EPS estimates fall by 35%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩986.8m to ₩1.04b. EPS estimate fell from ₩1,874 to ₩1,209 per share. Net income forecast to grow 6.4% next year vs 0.9% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩27,000. Share price fell 9.4% to ₩17,410 over the past week.분석 기사 • Mar 28Seoul Broadcasting System's (KRX:034120) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Seoul Broadcasting System's ( KRX:034120 ) lackluster earnings report last week...Price Target Changed • Mar 20Price target increased by 8.6% to ₩27,500Up from ₩25,333, the current price target is an average from 6 analysts. New target price is 41% above last closing price of ₩19,480. Stock is down 35% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.공시 • Feb 28Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 161, mokdongseo-ro, yangcheon-gu, seoul South KoreaPrice Target Changed • Feb 05Price target increased by 9.4% to ₩25,333Up from ₩23,167, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of ₩23,200. Stock is down 10% over the past year. The company is forecast to post a net loss per share of ₩965 compared to earnings per share of ₩2,613 last year.Major Estimate Revision • Dec 25Consensus EPS estimates fall by 60%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩226 to ₩89.33 per share. Revenue forecast steady at ₩1.09b. Net income forecast to grow 1,753% next year vs 29% growth forecast for Media industry in South Korea. Consensus price target up from ₩21,500 to ₩23,167. Share price rose 69% to ₩26,050 over the past week.Price Target Changed • Dec 24Price target increased by 7.8% to ₩23,167Up from ₩21,500, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₩26,100. Stock is down 6.3% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.New Risk • Dec 23New 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 12% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).분석 기사 • Dec 20Is Seoul Broadcasting System (KRX:034120) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%).Price Target Changed • Nov 30Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 6 analysts. New target price is 40% above last closing price of ₩15,350. Stock is down 40% over the past year. The company is forecast to post earnings per share of ₩482 for next year compared to ₩2,613 last year.Reported Earnings • Nov 14Third quarter 2024 earnings released: ₩1,160 loss per share (vs ₩835 profit in 3Q 2023)Third quarter 2024 results: ₩1,160 loss per share (down from ₩835 profit in 3Q 2023). Revenue: ₩331.3b (up 39% from 3Q 2023). Net loss: ₩21.5b (down 246% from profit in 3Q 2023). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Declared Dividend • Nov 13Dividend of ₩500 announcedShareholders will receive a dividend of ₩500. Ex-date: 27th December 2024 Payment date: 21st April 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 27% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • Sep 28Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩946 to ₩1,141. Revenue forecast steady at ₩1.09b. Net income forecast to shrink 39% next year vs 14% growth forecast for Media industry in South Korea . Consensus price target down from ₩26,667 to ₩24,500. Share price rose 5.2% to ₩15,860 over the past week.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 65%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.02b to ₩1.08b. EPS estimate fell from ₩2,717 to ₩946 per share. Net income forecast to shrink 39% next year vs 13% growth forecast for Media industry in South Korea . Consensus price target down from ₩30,857 to ₩26,667. Share price rose 3.3% to ₩16,040 over the past week.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ₩270 (vs ₩1,179 in 2Q 2023)Second quarter 2024 results: EPS: ₩270 (down from ₩1,179 in 2Q 2023). Revenue: ₩275.0b (up 1.4% from 2Q 2023). Net income: ₩5.01b (down 76% from 2Q 2023). Profit margin: 1.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 32% per year.Price Target Changed • Jun 06Price target decreased by 9.2% to ₩30,857Down from ₩34,000, the current price target is an average from 7 analysts. New target price is 60% above last closing price of ₩19,240. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩1,292 for next year compared to ₩2,613 last year.분석 기사 • May 21Some Investors May Be Willing To Look Past Seoul Broadcasting System's (KRX:034120) Soft EarningsSoft earnings didn't appear to concern Seoul Broadcasting System's ( KRX:034120 ) shareholders over the last week. Our...Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩697 (vs ₩338 in 1Q 2023)First quarter 2024 results: EPS: ₩697 (up from ₩338 in 1Q 2023). Revenue: ₩209.6b (down 3.7% from 1Q 2023). Net income: ₩12.9b (up 116% from 1Q 2023). Profit margin: 6.2% (up from 2.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Mar 30Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩2,238 to ₩2,559. Revenue forecast steady at ₩1.02b. Net income forecast to grow 5.8% next year vs 15% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩35,143. Share price fell 9.6% to ₩26,000 over the past week.New Risk • Mar 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ₩2,613 (down from ₩7,482 in FY 2022). Revenue: ₩996.8b (down 15% from FY 2022). Net income: ₩46.3b (down 65% from FY 2022). Profit margin: 4.6% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 14Returns On Capital Are Showing Encouraging Signs At Seoul Broadcasting System (KRX:034120)Finding 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 • Feb 10New 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 8.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin).Upcoming Dividend • Dec 20Upcoming dividend of ₩1,000 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%).New Risk • Nov 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 8.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin).Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩835 (vs ₩1,787 in 3Q 2022)Third quarter 2023 results: EPS: ₩835 (down from ₩1,787 in 3Q 2022). Revenue: ₩238.4b (down 8.2% from 3Q 2022). Net income: ₩14.8b (down 53% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩30,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Media industry in South Korea. Total returns to shareholders of 117% over the past three years.Major Estimate Revision • Aug 15Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩1.01b to ₩1.03b. EPS estimate fell from ₩4,343 to ₩3,432 per share. Net income forecast to shrink 48% next year vs 22% growth forecast for Media industry in South Korea . Consensus price target down from ₩46,167 to ₩41,000. Share price rose 9.3% to ₩28,100 over the past week.Price Target Changed • Jul 21Price target decreased by 7.7% to ₩46,167Down from ₩50,000, the current price target is an average from 6 analysts. New target price is 64% above last closing price of ₩28,150. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.Major Estimate Revision • Jul 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩5,225 to ₩4,597 per share. Revenue forecast steady at ₩1.01b. Net income forecast to shrink 39% next year vs 19% growth forecast for Media industry in South Korea . Consensus price target down from ₩50,000 to ₩47,600. Share price fell 5.0% to ₩27,750 over the past week.Price Target Changed • Jul 19Price target decreased by 10% to ₩47,600Down from ₩53,000, the current price target is an average from 5 analysts. New target price is 71% above last closing price of ₩27,900. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩7,482 (up from ₩7,165 in FY 2021). Revenue: ₩1.17t (up 12% from FY 2021). Net income: ₩132.3b (up 4.4% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩36,050, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 154% over the past three years.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩46,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,901 per share.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₩40,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,088 per share.Upcoming Dividend • Dec 21Upcoming dividend of ₩1,000 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%).Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ₩1,787 (vs ₩3,119 in 3Q 2021)Third quarter 2022 results: EPS: ₩1,787 (down from ₩3,119 in 3Q 2021). Revenue: ₩259.7b (down 15% from 3Q 2021). Net income: ₩31.6b (down 43% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.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. No highly experienced directors. 4 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.Price Target Changed • Oct 19Price target decreased to ₩61,333Down from ₩66,000, the current price target is an average from 3 analysts. New target price is 103% above last closing price of ₩30,200. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₩8,930 for next year compared to ₩7,693 last year.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩32,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 78% over the past three years.Major Estimate Revision • Jun 30Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩1.16b to ₩1.18b. EPS estimate increased from ₩8,083 to ₩8,930 per share. Net income forecast to grow 1.8% next year vs 21% growth forecast for Media industry in South Korea. Consensus price target of ₩67,500 unchanged from last update. Share price fell 3.9% to ₩43,050 over the past week.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. No highly experienced directors. 4 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.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩48,150, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 80% over the past three years.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩39,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 74% over the past three years.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ₩3,208 (vs ₩3,616 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩312.1b (up 41% from 3Q 2020). Net income: ₩56.7b (up ₩120.7b from 3Q 2020). Profit margin: 18% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.Price Target Changed • Aug 12Price target increased to ₩66,000Up from ₩56,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₩53,100. Stock is up 229% over the past year.Price Target Changed • May 23Price target increased to ₩44,750Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₩40,600. Stock is up 130% over the past year.Price Target Changed • May 18Price target increased to ₩41,250Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of ₩38,900. Stock is up 122% over the past year.분석 기사 • Apr 18Here's Why Seoul Broadcasting System (KRX:034120) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Price Target Changed • Apr 06Price target increased to ₩33,500Up from ₩31,250, the current price target is provided by 1 analyst. New target price is 53% above last closing price of ₩21,900. Stock is up 28% over the past year.분석 기사 • Mar 28The Return Trends At Seoul Broadcasting System (KRX:034120) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Reported Earnings • Mar 22Full year 2020 earnings released: ₩3,803 loss per share (vs ₩1,114 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩860.3b (up 5.2% from FY 2019). Net loss: ₩67.3b (down 442% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.분석 기사 • Mar 07What Kind Of Shareholders Hold The Majority In Seoul Broadcasting System's (KRX:034120) Shares?The big shareholder groups in Seoul Broadcasting System ( KRX:034120 ) have power over the company. Institutions will...공시 • Feb 27Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.분석 기사 • Feb 14Is Seoul Broadcasting System's (KRX:034120) 0.7% Dividend Sustainable?Today we'll take a closer look at Seoul Broadcasting System ( KRX:034120 ) from a dividend investor's perspective...분석 기사 • Jan 24Investors Who Bought Seoul Broadcasting System (KRX:034120) Shares A Year Ago Are Now Up 28%There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if when you choose to...Is New 90 Day High Low • Jan 20New 90-day high: ₩26,800The company is up 71% from its price of ₩15,700 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period.분석 기사 • Jan 03These 4 Measures Indicate That Seoul Broadcasting System (KRX:034120) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Dec 29New 90-day high: ₩23,700The company is up 63% from its price of ₩14,550 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 4.0% over the same period.분석 기사 • Dec 13Returns On Capital At Seoul Broadcasting System (KRX:034120) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Is New 90 Day High Low • Dec 08New 90-day high: ₩20,700The company is up 37% from its price of ₩15,100 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 2.0% over the same period.분석 기사 • Nov 22Does Seoul Broadcasting System's (KRX:034120) Statutory Profit Adequately Reflect Its Underlying Profit?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Price Target Changed • Nov 18Price target raised to ₩29,000Up from ₩21,667, the current price target is provided by 1 analyst. The new target price is 46% above the current share price of ₩19,900. As of last close, the stock is up 20% over the past year.Major Estimate Revision • Nov 18Analysts update estimatesThe 2020 consensus revenue estimate increased from ₩782.4m to ₩860.5m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from ₩480 to -₩3,312 for the same period. The Media industry in South Korea is expected to see an average net income growth of 19% next year. The consensus price target increased from ₩21,667 to ₩29,000. Share price is up 21% to ₩19,900 over the past week.Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 19x in the Media industry in South Korea. Total return to shareholders over the past three years is a loss of 22%.Is New 90 Day High Low • Nov 10New 90-day high: ₩16,250The company is up 1.0% from its price of ₩16,150 on 12 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Media industry, which is up 6.0% over the same period.주주 수익률A034120KR MediaKR 시장7D-3.9%-3.4%-11.9%1Y-56.9%-26.1%149.7%전체 주주 수익률 보기수익률 대 산업: A034120은 지난 1년 동안 -26.1%의 수익을 기록한 KR Media 산업보다 저조한 성과를 냈습니다.수익률 대 시장: A034120은 지난 1년 동안 149.7%를 기록한 KR 시장보다 저조한 성과를 냈습니다.주가 변동성Is A034120's price volatile compared to industry and market?A034120 volatilityA034120 Average Weekly Movement3.8%Media Industry Average Movement5.2%Market Average Movement8.6%10% most volatile stocks in KR Market16.0%10% least volatile stocks in KR Market4.4%안정적인 주가: A034120는 지난 3개월 동안 KR 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: A034120의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1990778MoonShin Bangwww.sbs.co.kr서울방송시스템은 국내 및 해외에서 방송, 문화 서비스 및 광고 사업을 영위하고 있습니다. 지상파 TV 및 라디오 광고와 프로그램 판매 서비스를 제공합니다. 1990년에 설립되었으며 대한민국 서울에 본사를 두고 있습니다.더 보기Seoul Broadcasting System 기초 지표 요약Seoul Broadcasting System의 순이익과 매출은 시가총액과 어떻게 비교됩니까?A034120 기초 통계시가총액₩232.04b순이익 (TTM)₩1.02b매출 (TTM)₩992.58b228.2x주가수익비율(P/E)0.2x주가매출비율(P/S)A034120는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표A034120 손익계산서 (TTM)매출₩992.58b매출원가₩835.41b총이익₩157.17b기타 비용₩156.15b순이익₩1.02b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)54.83총이익률15.83%순이익률0.10%부채/자본 비율43.4%A034120의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.6%현재 배당 수익률602%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/10 04:33종가2026/06/10 00:00수익2026/03/31연간 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 소스Seoul Broadcasting System는 14명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hoi Jae KimDaishin Securities Co. Ltd.Chan-Seok ChoiDAOL Investment & Securities Co., Ltd.Eun Jung ShinDB Financial Investment Co. Ltd.11명의 분석가 더 보기
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.
New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
공시 • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
분석 기사 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Price Target Changed • Mar 19Price target decreased by 8.7% to ₩25,750Down from ₩28,200, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ₩16,900. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩939 for next year compared to ₩1,825 last year.
New Risk • Mar 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
공시 • Feb 27Seoul Broadcasting System announces Annual dividendSeoul Broadcasting System announced Annual dividend of KRW 330.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026.
분석 기사 • Nov 20Why Seoul Broadcasting System's (KRX:034120) Earnings Are Better Than They SeemSeoul Broadcasting System's ( KRX:034120 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Reported Earnings • Nov 19Third quarter 2025 earnings released: EPS: ₩560 (vs ₩1,160 loss in 3Q 2024)Third quarter 2025 results: EPS: ₩560 (up from ₩1,160 loss in 3Q 2024). Revenue: ₩239.2b (down 28% from 3Q 2024). Net income: ₩10.4b (up ₩31.9b from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
New Risk • Aug 14New 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 8.0% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩26,900, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,712 per share.
분석 기사 • May 30Seoul Broadcasting System (KRX:034120) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Media industry in South Korea. Total loss to shareholders of 50% over the past three years.
분석 기사 • Apr 30Seoul Broadcasting System's (KRX:034120) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Seoul Broadcasting System's ( KRX:034120 ) price-to-earnings (or "P/E") ratio of 11.5x...
Major Estimate Revision • Apr 11Consensus EPS estimates fall by 35%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩986.8m to ₩1.04b. EPS estimate fell from ₩1,874 to ₩1,209 per share. Net income forecast to grow 6.4% next year vs 0.9% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩27,000. Share price fell 9.4% to ₩17,410 over the past week.
분석 기사 • Mar 28Seoul Broadcasting System's (KRX:034120) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Seoul Broadcasting System's ( KRX:034120 ) lackluster earnings report last week...
Price Target Changed • Mar 20Price target increased by 8.6% to ₩27,500Up from ₩25,333, the current price target is an average from 6 analysts. New target price is 41% above last closing price of ₩19,480. Stock is down 35% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.
공시 • Feb 28Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025Seoul Broadcasting System, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 161, mokdongseo-ro, yangcheon-gu, seoul South Korea
Price Target Changed • Feb 05Price target increased by 9.4% to ₩25,333Up from ₩23,167, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of ₩23,200. Stock is down 10% over the past year. The company is forecast to post a net loss per share of ₩965 compared to earnings per share of ₩2,613 last year.
Major Estimate Revision • Dec 25Consensus EPS estimates fall by 60%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩226 to ₩89.33 per share. Revenue forecast steady at ₩1.09b. Net income forecast to grow 1,753% next year vs 29% growth forecast for Media industry in South Korea. Consensus price target up from ₩21,500 to ₩23,167. Share price rose 69% to ₩26,050 over the past week.
Price Target Changed • Dec 24Price target increased by 7.8% to ₩23,167Up from ₩21,500, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₩26,100. Stock is down 6.3% over the past year. The company is forecast to post a net loss per share of ₩764 compared to earnings per share of ₩2,613 last year.
New Risk • Dec 23New 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 12% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
분석 기사 • Dec 20Is Seoul Broadcasting System (KRX:034120) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%).
Price Target Changed • Nov 30Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 6 analysts. New target price is 40% above last closing price of ₩15,350. Stock is down 40% over the past year. The company is forecast to post earnings per share of ₩482 for next year compared to ₩2,613 last year.
Reported Earnings • Nov 14Third quarter 2024 earnings released: ₩1,160 loss per share (vs ₩835 profit in 3Q 2023)Third quarter 2024 results: ₩1,160 loss per share (down from ₩835 profit in 3Q 2023). Revenue: ₩331.3b (up 39% from 3Q 2023). Net loss: ₩21.5b (down 246% from profit in 3Q 2023). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Declared Dividend • Nov 13Dividend of ₩500 announcedShareholders will receive a dividend of ₩500. Ex-date: 27th December 2024 Payment date: 21st April 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 27% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • Sep 28Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩946 to ₩1,141. Revenue forecast steady at ₩1.09b. Net income forecast to shrink 39% next year vs 14% growth forecast for Media industry in South Korea . Consensus price target down from ₩26,667 to ₩24,500. Share price rose 5.2% to ₩15,860 over the past week.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 65%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.02b to ₩1.08b. EPS estimate fell from ₩2,717 to ₩946 per share. Net income forecast to shrink 39% next year vs 13% growth forecast for Media industry in South Korea . Consensus price target down from ₩30,857 to ₩26,667. Share price rose 3.3% to ₩16,040 over the past week.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ₩270 (vs ₩1,179 in 2Q 2023)Second quarter 2024 results: EPS: ₩270 (down from ₩1,179 in 2Q 2023). Revenue: ₩275.0b (up 1.4% from 2Q 2023). Net income: ₩5.01b (down 76% from 2Q 2023). Profit margin: 1.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 32% per year.
Price Target Changed • Jun 06Price target decreased by 9.2% to ₩30,857Down from ₩34,000, the current price target is an average from 7 analysts. New target price is 60% above last closing price of ₩19,240. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩1,292 for next year compared to ₩2,613 last year.
분석 기사 • May 21Some Investors May Be Willing To Look Past Seoul Broadcasting System's (KRX:034120) Soft EarningsSoft earnings didn't appear to concern Seoul Broadcasting System's ( KRX:034120 ) shareholders over the last week. Our...
Reported Earnings • May 19First quarter 2024 earnings released: EPS: ₩697 (vs ₩338 in 1Q 2023)First quarter 2024 results: EPS: ₩697 (up from ₩338 in 1Q 2023). Revenue: ₩209.6b (down 3.7% from 1Q 2023). Net income: ₩12.9b (up 116% from 1Q 2023). Profit margin: 6.2% (up from 2.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Mar 30Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩2,238 to ₩2,559. Revenue forecast steady at ₩1.02b. Net income forecast to grow 5.8% next year vs 15% growth forecast for Media industry in South Korea. Consensus price target broadly unchanged at ₩35,143. Share price fell 9.6% to ₩26,000 over the past week.
New Risk • Mar 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ₩2,613 (down from ₩7,482 in FY 2022). Revenue: ₩996.8b (down 15% from FY 2022). Net income: ₩46.3b (down 65% from FY 2022). Profit margin: 4.6% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 14Returns On Capital Are Showing Encouraging Signs At Seoul Broadcasting System (KRX:034120)Finding 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 • Feb 10New 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 8.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin).
Upcoming Dividend • Dec 20Upcoming dividend of ₩1,000 per share at 3.7% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%).
New Risk • Nov 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 8.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin).
Reported Earnings • Nov 19Third quarter 2023 earnings released: EPS: ₩835 (vs ₩1,787 in 3Q 2022)Third quarter 2023 results: EPS: ₩835 (down from ₩1,787 in 3Q 2022). Revenue: ₩238.4b (down 8.2% from 3Q 2022). Net income: ₩14.8b (down 53% from 3Q 2022). Profit margin: 6.2% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩30,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Media industry in South Korea. Total returns to shareholders of 117% over the past three years.
Major Estimate Revision • Aug 15Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩1.01b to ₩1.03b. EPS estimate fell from ₩4,343 to ₩3,432 per share. Net income forecast to shrink 48% next year vs 22% growth forecast for Media industry in South Korea . Consensus price target down from ₩46,167 to ₩41,000. Share price rose 9.3% to ₩28,100 over the past week.
Price Target Changed • Jul 21Price target decreased by 7.7% to ₩46,167Down from ₩50,000, the current price target is an average from 6 analysts. New target price is 64% above last closing price of ₩28,150. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.
Major Estimate Revision • Jul 20Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩5,225 to ₩4,597 per share. Revenue forecast steady at ₩1.01b. Net income forecast to shrink 39% next year vs 19% growth forecast for Media industry in South Korea . Consensus price target down from ₩50,000 to ₩47,600. Share price fell 5.0% to ₩27,750 over the past week.
Price Target Changed • Jul 19Price target decreased by 10% to ₩47,600Down from ₩53,000, the current price target is an average from 5 analysts. New target price is 71% above last closing price of ₩27,900. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩3,368 for next year compared to ₩7,481 last year.
Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩7,482 (up from ₩7,165 in FY 2021). Revenue: ₩1.17t (up 12% from FY 2021). Net income: ₩132.3b (up 4.4% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Media industry in South Korea are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩36,050, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 154% over the past three years.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩46,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,901 per share.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₩40,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,088 per share.
Upcoming Dividend • Dec 21Upcoming dividend of ₩1,000 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%).
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ₩1,787 (vs ₩3,119 in 3Q 2021)Third quarter 2022 results: EPS: ₩1,787 (down from ₩3,119 in 3Q 2021). Revenue: ₩259.7b (down 15% from 3Q 2021). Net income: ₩31.6b (down 43% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in South Korea. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
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. No highly experienced directors. 4 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.
Price Target Changed • Oct 19Price target decreased to ₩61,333Down from ₩66,000, the current price target is an average from 3 analysts. New target price is 103% above last closing price of ₩30,200. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₩8,930 for next year compared to ₩7,693 last year.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩32,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Media industry in South Korea. Total returns to shareholders of 78% over the past three years.
Major Estimate Revision • Jun 30Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩1.16b to ₩1.18b. EPS estimate increased from ₩8,083 to ₩8,930 per share. Net income forecast to grow 1.8% next year vs 21% growth forecast for Media industry in South Korea. Consensus price target of ₩67,500 unchanged from last update. Share price fell 3.9% to ₩43,050 over the past week.
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. No highly experienced directors. 4 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.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₩48,150, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 80% over the past three years.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩39,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ₩3,208 (vs ₩3,616 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩312.1b (up 41% from 3Q 2020). Net income: ₩56.7b (up ₩120.7b from 3Q 2020). Profit margin: 18% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.
Price Target Changed • Aug 12Price target increased to ₩66,000Up from ₩56,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₩53,100. Stock is up 229% over the past year.
Price Target Changed • May 23Price target increased to ₩44,750Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₩40,600. Stock is up 130% over the past year.
Price Target Changed • May 18Price target increased to ₩41,250Up from ₩32,750, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of ₩38,900. Stock is up 122% over the past year.
분석 기사 • Apr 18Here's Why Seoul Broadcasting System (KRX:034120) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Price Target Changed • Apr 06Price target increased to ₩33,500Up from ₩31,250, the current price target is provided by 1 analyst. New target price is 53% above last closing price of ₩21,900. Stock is up 28% over the past year.
분석 기사 • Mar 28The Return Trends At Seoul Broadcasting System (KRX:034120) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Reported Earnings • Mar 22Full year 2020 earnings released: ₩3,803 loss per share (vs ₩1,114 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩860.3b (up 5.2% from FY 2019). Net loss: ₩67.3b (down 442% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
분석 기사 • Mar 07What Kind Of Shareholders Hold The Majority In Seoul Broadcasting System's (KRX:034120) Shares?The big shareholder groups in Seoul Broadcasting System ( KRX:034120 ) have power over the company. Institutions will...
공시 • Feb 27Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021Seoul Broadcasting System, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time.
분석 기사 • Feb 14Is Seoul Broadcasting System's (KRX:034120) 0.7% Dividend Sustainable?Today we'll take a closer look at Seoul Broadcasting System ( KRX:034120 ) from a dividend investor's perspective...
분석 기사 • Jan 24Investors Who Bought Seoul Broadcasting System (KRX:034120) Shares A Year Ago Are Now Up 28%There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if when you choose to...
Is New 90 Day High Low • Jan 20New 90-day high: ₩26,800The company is up 71% from its price of ₩15,700 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period.
분석 기사 • Jan 03These 4 Measures Indicate That Seoul Broadcasting System (KRX:034120) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Dec 29New 90-day high: ₩23,700The company is up 63% from its price of ₩14,550 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 4.0% over the same period.
분석 기사 • Dec 13Returns On Capital At Seoul Broadcasting System (KRX:034120) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Is New 90 Day High Low • Dec 08New 90-day high: ₩20,700The company is up 37% from its price of ₩15,100 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 2.0% over the same period.
분석 기사 • Nov 22Does Seoul Broadcasting System's (KRX:034120) Statutory Profit Adequately Reflect Its Underlying Profit?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Price Target Changed • Nov 18Price target raised to ₩29,000Up from ₩21,667, the current price target is provided by 1 analyst. The new target price is 46% above the current share price of ₩19,900. As of last close, the stock is up 20% over the past year.
Major Estimate Revision • Nov 18Analysts update estimatesThe 2020 consensus revenue estimate increased from ₩782.4m to ₩860.5m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from ₩480 to -₩3,312 for the same period. The Media industry in South Korea is expected to see an average net income growth of 19% next year. The consensus price target increased from ₩21,667 to ₩29,000. Share price is up 21% to ₩19,900 over the past week.
Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to ₩18,950, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 19x in the Media industry in South Korea. Total return to shareholders over the past three years is a loss of 22%.
Is New 90 Day High Low • Nov 10New 90-day high: ₩16,250The company is up 1.0% from its price of ₩16,150 on 12 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Media industry, which is up 6.0% over the same period.
