Aankondiging • Feb 20
Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 20, 2026 Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 20, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 57, goraedeul-gil, gyeonggi-do, uiwang South Korea Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩274 (vs ₩81.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩274 (up from ₩81.00 in 3Q 2024). Revenue: ₩40.7b (down 6.6% from 3Q 2024). Net income: ₩3.07b (up 236% from 3Q 2024). Profit margin: 7.5% (up from 2.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩52.3b market cap, or US$37.7m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩335 (vs ₩149 in 2Q 2024) Second quarter 2025 results: EPS: ₩335 (up from ₩149 in 2Q 2024). Revenue: ₩49.0b (flat on 2Q 2024). Net income: ₩3.73b (up 124% from 2Q 2024). Profit margin: 7.6% (up from 3.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2024 earnings released: ₩9.00 loss per share (vs ₩434 profit in FY 2023) Full year 2024 results: ₩9.00 loss per share (down from ₩434 profit in FY 2023). Revenue: ₩161.2b (up 51% from FY 2023). Net loss: ₩99.1m (down 102% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Aankondiging • Feb 21
Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 21, 2025 Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 57, goraedeul-gil, gyeonggi-do, uiwang South Korea Reported Earnings • Nov 11
Third quarter 2024 earnings released: EPS: ₩81.00 (vs ₩643 in 3Q 2023) Third quarter 2024 results: EPS: ₩81.00 (down from ₩643 in 3Q 2023). Revenue: ₩43.6b (up 121% from 3Q 2023). Net income: ₩912.4m (down 88% from 3Q 2023). Profit margin: 2.1% (down from 40% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. 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 Risk Market cap is less than US$100m (₩50.2b market cap, or US$38.2m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₩183 (vs ₩4.00 in 2Q 2022) Second quarter 2023 results: EPS: ₩183 (up from ₩4.00 in 2Q 2022). Revenue: ₩29.3b (down 24% from 2Q 2022). Net income: ₩2.21b (up ₩2.16b from 2Q 2022). Profit margin: 7.5% (up from 0.1% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: ₩90.00 (vs ₩120 in 1Q 2022) First quarter 2023 results: EPS: ₩90.00 (down from ₩120 in 1Q 2022). Revenue: ₩27.6b (down 21% from 1Q 2022). Net income: ₩1.09b (down 25% from 1Q 2022). Profit margin: 4.0% (down from 4.2% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Mar 09
Full year 2022 earnings released: ₩416 loss per share (vs ₩360 profit in FY 2021) Full year 2022 results: ₩416 loss per share (down from ₩360 profit in FY 2021). Revenue: ₩116.2b (down 8.7% from FY 2021). Net loss: ₩5.04b (down 216% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 05 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: ₩193 loss per share (vs ₩93.00 profit in 3Q 2021) Third quarter 2022 results: ₩193 loss per share (down from ₩93.00 profit in 3Q 2021). Revenue: ₩29.3b (flat on 3Q 2021). Net loss: ₩2.33b (down 308% from profit in 3Q 2021). 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 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: ₩193 loss per share (vs ₩93.00 profit in 3Q 2021) Third quarter 2022 results: ₩193 loss per share (down from ₩93.00 profit in 3Q 2021). Revenue: ₩29.3b (flat on 3Q 2021). Net loss: ₩2.33b (down 308% from profit in 3Q 2021). 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₩4.00 (vs ₩104 in 2Q 2021) Second quarter 2022 results: EPS: ₩4.00 (down from ₩104 in 2Q 2021). Revenue: ₩38.6b (down 11% from 2Q 2021). Net income: ₩53.3m (down 96% from 2Q 2021). Profit margin: 0.1% (down from 2.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 48%, compared to a 9.6% growth forecast for the Leisure industry in South Korea. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩360 (down from ₩1,189 in FY 2020). Revenue: ₩127.3b (up 5.3% from FY 2020). Net income: ₩4.36b (down 70% from FY 2020). Profit margin: 3.4% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 12% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩12,850, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Leisure industry in South Korea. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩10,550, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Leisure industry in South Korea. Total returns to shareholders of 69% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 06 April 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩93.00 (vs ₩202 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩29.2b (down 14% from 3Q 2020). Net income: ₩1.12b (down 54% from 3Q 2020). Profit margin: 3.8% (down from 7.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩10,350, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Leisure industry in Asia. Total returns to shareholders of 62% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩606 (vs ₩63.00 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩44.0b (up 83% from 1Q 2020). Net income: ₩7.32b (up ₩6.55b from 1Q 2020). Profit margin: 17% (up from 3.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₩15,000, the stock trades at a trailing P/E ratio of 13.8x. Average forward P/E is 18x in the Leisure industry in South Korea. Total returns to shareholders of 77% over the past three years. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS ₩1,090 (vs ₩642 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩120.8b (up 39% from FY 2019). Net income: ₩13.2b (up ₩20.9b from FY 2019). Profit margin: 11% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Feb 19
Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 19, 2021 Samchuly Bicycle Co., Ltd, Annual General Meeting, Mar 19, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 18
New 90-day high: ₩9,650 The company is up 5.0% from its price of ₩9,150 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is down 27% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩9,500 The company is up 8.0% from its price of ₩8,810 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is flat over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ₩257 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩33.8b (up 56% from 3Q 2019). Net income: ₩3.10b (up ₩3.53b from 3Q 2019). Profit margin: 9.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. 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 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 26
New 90-day low: ₩8,080 The company is down 35% from its price of ₩12,350 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩9,100 The company is down 23% from its price of ₩11,850 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 13% over the same period.