Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩9,590, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to ₩10,900, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to ₩9,500, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 71% over the past three years. New Risk • Jun 26
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 15% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (15% average weekly change). Major Estimate Revision • Jun 17
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩2.08b to ₩2.15b. EPS estimate increased from ₩1,397 to ₩1,708 per share. Net income forecast to shrink 10% next year vs 82% growth forecast for Construction industry in South Korea . Consensus price target of ₩5,500 unchanged from last update. Share price rose 14% to ₩4,220 over the past week. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩4,310, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 30% over the past three years. New Risk • May 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩149.8b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩149.8b market cap, or US$99.9m). Aankondiging • May 14
KUMHO Engineering & Construction Co., Ltd. to Report Q1, 2026 Results on May 15, 2026 KUMHO Engineering & Construction Co., Ltd. announced that they will report Q1, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩4,490, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Construction industry in South Korea. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩5,310, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Construction industry in South Korea. Total loss to shareholders of 13% over the past three years. Aankondiging • Mar 26
KUMHO Engineering & Construction Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 42.351133 billion. KUMHO Engineering & Construction Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 42.351133 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 263,214
Price\Range: KRW 160900
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₩1,765 (up from ₩6,238 loss in FY 2024). Revenue: ₩2.02t (up 5.4% from FY 2024). Net income: ₩63.9b (up ₩289.6b from FY 2024). Profit margin: 3.2% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Construction industry in South Korea. 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 3% per year, which means it has not declined as severely as earnings. New Risk • Mar 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.3% 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. Aankondiging • Mar 07
KUMHO Engineering & Construction Co., Ltd., Annual General Meeting, Mar 26, 2026 KUMHO Engineering & Construction Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South Korea Aankondiging • Mar 06
KUMHO Engineering & Construction Co., Ltd. announces Annual dividend KUMHO Engineering & Construction Co., Ltd. announced Annual dividend of KRW 200.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩4,150, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Construction industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,940, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Construction industry in South Korea. Total loss to shareholders of 28% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩224 (vs ₩5,233 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩224 (up from ₩5,233 loss in 3Q 2024). Revenue: ₩523.4b (up 35% from 3Q 2024). Net income: ₩8.13b (up ₩197.5b from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 25
An undisclosed buyer agreed to acquire 18.62% stake in Go Duck New Stay Reit Co.,Ltd. from KUMHO Engineering & Construction Co., Ltd. (KOSE:A002990) for KRW 42 billion. An undisclosed buyer agreed to acquire 18.62% stake in Go Duck New Stay Reit Co.,Ltd. from KUMHO Engineering & Construction Co., Ltd. (KOSE:A002990) for KRW 42 billion on September 24, 2025. A cash consideration of KRW 42 billion will be paid by the buyer. As part of consideration, KRW 42 billion is paid towards common equity of Go Duck New Stay Reit Co.,Ltd.
For the period ending December 31, 2024, Go Duck New Stay Reit Co.,Ltd. reported total revenue of KRW 2.72 billion and net loss of KRW 4.89 billion. As of December 31, 2024, Go Duck New Stay Reit Co.,Ltd. reported total assets of KRW 228.56 billion and total common equity of KRW 30.23 billion.
The expected completion of the transaction is October 15, 2025. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩282 (vs ₩1,031 loss in 2Q 2024) Second quarter 2025 results: EPS: ₩282 (up from ₩1,031 loss in 2Q 2024). Revenue: ₩531.2b (up 3.9% from 2Q 2024). Net income: ₩10.2b (up ₩47.5b from 2Q 2024). Profit margin: 1.9% (up from net loss in 2Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to ₩3,865. The fair value is estimated to be ₩3,201, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to ₩3,580. The fair value is estimated to be ₩2,955, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 21
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ₩6,238 loss per share (down from ₩31.00 profit in FY 2023). Revenue: ₩1.91t (down 14% from FY 2023). Net loss: ₩225.7b (down ₩226.8b from profit in FY 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 07
KUMHO Engineering & Construction Co., Ltd., Annual General Meeting, Mar 25, 2025 KUMHO Engineering & Construction Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South Korea Buy Or Sell Opportunity • Feb 07
Now 21% overvalued Over the last 90 days, the stock has fallen 10.0% to ₩2,570. The fair value is estimated to be ₩2,124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 1.5% in a year. Earnings are forecast to grow by 81% in the next year. Aankondiging • Feb 05
KUMHO Engineering & Construction Co., Ltd. to Report Fiscal Year 2024 Results on Feb 06, 2025 KUMHO Engineering & Construction Co., Ltd. announced that they will report fiscal year 2024 results on Feb 06, 2025 Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩5,233 loss per share (vs ₩36.00 profit in 3Q 2023) Third quarter 2024 results: ₩5,233 loss per share (down from ₩36.00 profit in 3Q 2023). Revenue: ₩387.1b (down 25% from 3Q 2023). Net loss: ₩189.3b (down ₩190.6b from profit in 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩119.4b market cap, or US$90.8m). Price Target Changed • Aug 17
Price target decreased by 8.8% to ₩5,200 Down from ₩5,700, the current price target is an average from 3 analysts. New target price is 44% above last closing price of ₩3,610. Stock is down 34% over the past year. The company is forecast to post a net loss per share of ₩434 compared to earnings per share of ₩30.38 last year. New Risk • Jul 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.1b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩136.1b market cap, or US$98.3m). New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.3b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩136.3b market cap, or US$99.2m). Reported Earnings • May 19
First quarter 2024 earnings released: ₩39.00 loss per share (vs ₩144 profit in 1Q 2023) First quarter 2024 results: ₩39.00 loss per share (down from ₩144 profit in 1Q 2023). Revenue: ₩494.5b (down 4.3% from 1Q 2023). Net loss: ₩1.40b (down 127% from profit in 1Q 2023). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Construction industry in South Korea are expected to grow by 2.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Price Target Changed • May 17
Price target decreased by 8.6% to ₩5,700 Down from ₩6,233, the current price target is an average from 3 analysts. New target price is 36% above last closing price of ₩4,200. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩266 for next year compared to ₩30.38 last year. Major Estimate Revision • May 17
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.99b to ₩2.05b. EPS estimate increased from ₩224 to ₩266 per share. Net income forecast to grow 810% next year vs 7.4% growth forecast for Construction industry in South Korea. Consensus price target down from ₩6,233 to ₩5,700. Share price was steady at ₩4,200 over the past week. Reported Earnings • Mar 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₩31.00 (down from ₩587 in FY 2022). Revenue: ₩2.22t (up 8.3% from FY 2022). Net income: ₩1.11b (down 95% from FY 2022). Profit margin: 0% (down from 1.0% in FY 2022). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 89%. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Construction industry in South Korea are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 19
Price target decreased by 8.8% to ₩6,233 Down from ₩6,833, the current price target is an average from 3 analysts. New target price is 42% above last closing price of ₩4,390. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩278 for next year compared to ₩583 last year. Buy Or Sell Opportunity • Feb 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to ₩5,090. The fair value is estimated to be ₩6,490, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are forecast to grow by 55% per annum over the same time period. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 8.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.9%). Buying Opportunity • Dec 18
Now 21% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be ₩6,999, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to decline by 5.5% in 2 years. Earnings is forecast to grow by 702% in the next 2 years. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩2.20b to ₩2.15b. EPS estimate also fell from ₩372 per share to ₩278 per share. Net income forecast to grow 55% next year vs 4.4% growth forecast for Construction industry in South Korea. Consensus price target broadly unchanged at ₩6,833. Share price rose 2.7% to ₩5,400 over the past week. New Risk • Aug 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 197% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 197% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 39%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩2.14b to ₩2.20b. EPS estimate fell from ₩1,020 to ₩626 per share. Net income forecast to grow 33% next year vs 2.8% decline forecast for Construction industry in South Korea. Consensus price target down from ₩7,250 to ₩6,967. Share price was steady at ₩5,450 over the past week. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩144 (vs ₩159 in 1Q 2022) First quarter 2023 results: EPS: ₩144 (down from ₩159 in 1Q 2022). Revenue: ₩516.8b (up 25% from 1Q 2022). Net income: ₩5.22b (down 8.5% from 1Q 2022). Profit margin: 1.0% (down from 1.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₩587 (down from ₩4,130 in FY 2021). Revenue: ₩2.05t (flat on FY 2021). Net income: ₩21.2b (down 86% from FY 2021). Profit margin: 1.0% (down from 7.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Construction industry in South Korea. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩6,730, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Construction industry in South Korea. Total loss to shareholders of 22% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩800 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₩8,130, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Construction industry in South Korea. Total loss to shareholders of 13% over the past three years. Price Target Changed • Nov 24
Price target decreased to ₩12,333 Down from ₩13,667, the current price target is an average from 3 analysts. New target price is 80% above last closing price of ₩6,860. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩1,380 for next year compared to ₩4,097 last year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩6,060, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Construction industry in South Korea. Total loss to shareholders of 40% over the past three years. Major Estimate Revision • Aug 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩1,996 to ₩1,380 per share. Revenue forecast steady at ₩2.09b. Net income forecast to shrink 23% next year vs 12% growth forecast for Construction industry in South Korea . Consensus price target down from ₩13,667 to ₩13,333. Share price fell 2.6% to ₩8,600 over the past week. Reported Earnings • May 19
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ₩159 (down from ₩486 in 1Q 2021). Revenue: ₩412.1b (flat on 1Q 2021). Net income: ₩5.71b (down 67% from 1Q 2021). Profit margin: 1.4% (down from 4.2% in 1Q 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 4.2%, compared to a 11% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • May 18
Price target decreased to ₩14,000 Down from ₩16,000, the current price target is an average from 2 analysts. New target price is 47% above last closing price of ₩9,540. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩2,061 for next year compared to ₩4,097 last year. Major Estimate Revision • May 18
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩2.16b to ₩2.07b. EPS estimate also fell from ₩2,937 per share to ₩1,835 per share. Net income forecast to shrink 54% next year vs 11% growth forecast for Construction industry in South Korea . Consensus price target down from ₩16,000 to ₩15,000. Share price fell 4.6% to ₩9,540 over the past week. Price Target Changed • Apr 27
Price target increased to ₩16,000 Up from ₩12,833, the current price target is an average from 2 analysts. New target price is 56% above last closing price of ₩10,250. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of ₩2,937 for next year compared to ₩4,130 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩1,092 (vs ₩122 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩528.3b (up 7.8% from 3Q 2020). Net income: ₩39.2b (up ₩34.8b from 3Q 2020). Profit margin: 7.4% (up from 0.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 23% share price gain to ₩14,100, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Construction industry in South Korea. Total returns to shareholders of 23% over the past three years. Price Target Changed • May 25
Price target increased to ₩12,833 Up from ₩11,200, the current price target is an average from 3 analysts. New target price is 20% above last closing price of ₩10,700. Stock is up 42% over the past year. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩486 (vs ₩319 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩412.6b (up 16% from 1Q 2020). Net income: ₩17.4b (up 55% from 1Q 2020). Profit margin: 4.2% (up from 3.1% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jan 16
Analysts update estimates The 2020 consensus revenue estimate increased from ₩1.73b to ₩1.79b. Earnings per share (EPS) estimate was lowered from ₩1,373 to ₩1,205 for the same period. Net income is expected to grow by 69% next year compared to 37% growth forecast for the Construction industry in South Korea. The consensus price target increased from ₩8,000 to ₩9,700. Share price stayed mostly flat at ₩9,450 over the past week. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩500 Per Share Will be paid on the 6th of April to those who are registered shareholders by the 29th of December. The trailing yield of 5.4% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.0%). Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 44% share price gain to ₩10,250, the stock is trading at a trailing P/E ratio of 8.1x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 9x in the Construction industry in South Korea. Total returns to shareholders over the past three years are 30%. Is New 90 Day High Low • Nov 13
New 90-day high: ₩7,910 The company is up 9.0% from its price of ₩7,260 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩26,140 per share. Is New 90 Day High Low • Oct 22
New 90-day high: ₩7,710 The company is up 17% from its price of ₩6,600 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩26,080 per share. Major Estimate Revision • Oct 09
Analysts lower EPS estimates to ₩1,434 The 2020 consensus revenue estimate was lowered from ₩1.76b to ₩1.71b. Earning per share (EPS) estimate was also lowered from ₩1,620 to ₩1,434 for the same period. Net income is expected to grow by 34% next year compared to 26% growth forecast for the Construction industry in South Korea. The consensus price target was lowered from ₩11,667 to ₩9,000. Share price is up 4.1% to ₩6,890 over the past week. Is New 90 Day High Low • Sep 24
New 90-day low: ₩6,380 The company is down 2.0% from its price of ₩6,520 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 Construction industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩21,816 per share.