New Risk • May 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩10.3b (US$7.10m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Market cap is less than US$10m (₩10.3b market cap, or US$7.10m). Buy Or Sell Opportunity • Apr 24
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to ₩820. The fair value is estimated to be ₩679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.5%. Aankondiging • Apr 02
East Asia Holdings Investment Limited, Annual General Meeting, Apr 23, 2026 East Asia Holdings Investment Limited, Annual General Meeting, Apr 23, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 22, uisadang-daero, yeongdeungpo-gu, seoul South Korea New Risk • Mar 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩30.3b market cap, or US$20.2m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩736, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 81% over the past three years. Buy Or Sell Opportunity • Mar 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to ₩736. The fair value is estimated to be ₩963, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.5%. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to ₩1,188. The fair value is estimated to be ₩986, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.5%. Buy Or Sell Opportunity • Dec 12
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₩1,184. The fair value is estimated to be ₩983, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.5%. Reported Earnings • Dec 05
Third quarter 2025 earnings released: EPS: ₩131 (vs ₩246 in 3Q 2024) Third quarter 2025 results: EPS: ₩131. Revenue: ₩18.0b (up 3.3% from 3Q 2024). Net income: ₩2.98b (up 79% from 3Q 2024). Profit margin: 17% (up from 9.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩1,285, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 74% over the past three years. Aankondiging • Oct 10
East Asia Holdings Investment Limited has completed a Follow-on Equity Offering in the amount of KRW 999.99984 million. East Asia Holdings Investment Limited has completed a Follow-on Equity Offering in the amount of KRW 999.99984 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 580,720
Price\Range: KRW 1722
Transaction Features: Subsequent Direct Listing Board Change • Sep 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). CEO, President & Director So-Young Jung was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 03
Second quarter 2025 earnings released: EPS: ₩100.00 (vs ₩150 in 2Q 2024) Second quarter 2025 results: EPS: ₩100.00 (down from ₩150 in 2Q 2024). Revenue: ₩17.0b (down 14% from 2Q 2024). Net income: ₩2.12b (down 11% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). New Risk • Sep 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩1.98b (US$1.42m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Market cap is less than US$10m (₩1.98b market cap, or US$1.42m). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,925, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 59% over the past three years. New Risk • Jul 02
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 11% 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 Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩45.0b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩70.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩61.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 78% over the past three years. Reported Earnings • Jun 05
First quarter 2025 earnings released: EPS: ₩2.00 (vs ₩2.00 in 1Q 2024) First quarter 2025 results: EPS: ₩2.00 (in line with 1Q 2024). Revenue: ₩13.0b (up 6.5% from 1Q 2024). Net income: ₩594.0m (up 112% from 1Q 2024). Profit margin: 4.6% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. New Risk • Apr 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩30.8b market cap, or US$21.7m). Aankondiging • Apr 02
East Asia Holdings Investment Limited, Annual General Meeting, Apr 24, 2025 East Asia Holdings Investment Limited, Annual General Meeting, Apr 24, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 22, uisadang-daero, yeongdeungpo-gu, seoul South Korea Aankondiging • Mar 06
East Asia Holdings Investment Limited announced that it has received KRW 5.5 billion in funding On March 4, 2025, East Asia Holdings Investment Limited closed the transaction. New Risk • Jan 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (₩32.0b market cap, or US$22.4m). Aankondiging • Dec 26
East Asia Holdings Investment Limited announced that it has received KRW 7.19670497 billion in funding On December 24, 2024. East Asia Holdings Investment Limited. closed the transaction. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩69.00, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 55% over the past three years. Reported Earnings • Dec 03
Third quarter 2024 earnings released: EPS: ₩9.00 (vs ₩7.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩9.00 (up from ₩7.00 in 3Q 2023). Revenue: ₩17.4b (up 10% from 3Q 2023). Net income: ₩1.66b (up 210% from 3Q 2023). Profit margin: 9.5% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: ₩6.00 (vs ₩6.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩6.00 (in line with 2Q 2023). Revenue: ₩19.7b (up 18% from 2Q 2023). Net income: ₩2.38b (up 71% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩68.00, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 66% over the past three years. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (₩39.7b market cap, or US$28.8m). New Risk • May 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (₩40.2b market cap, or US$29.2m). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩105, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 54% over the past three years. Buy Or Sell Opportunity • Apr 17
Now 29% overvalued Over the last 90 days, the stock has fallen 8.7% to ₩105. The fair value is estimated to be ₩81.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 26
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to ₩97.00. The fair value is estimated to be ₩80.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₩7.00 (vs ₩10.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩7.00 (down from ₩10.00 in 3Q 2022). Revenue: ₩15.8b (up 8.1% from 3Q 2022). Net income: ₩535.0m (down 68% from 3Q 2022). Profit margin: 3.4% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Nov 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 38% 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 Shareholders have been diluted in the past year (38% increase in shares outstanding). Market cap is less than US$100m (₩47.0b market cap, or US$36.2m). Aankondiging • Oct 19
East Asia Holdings Investment Limited announced that it expects to receive KRW 14.3 billion in funding East Asia Holdings Investment Limited announced a private placement of 110,000,000 common shares at a price of KRW 130 per share for the gross proceeds of KRW 14,300,000,000 on October 18, 2023. The transaction will include participation from individual investors DING SHAOYING for 70,000,000 shares, CHEN QIUNAN for 20,000,000 shares and XIE KAIFA for 20,000,000 shares. The transaction has been approved by the shareholders of the company. The transaction is expected to close on October 26, 2023. The shares are restricted to a hold period of 1 year. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: ₩6.00 (vs ₩0.51 in 2Q 2022) Second quarter 2023 results: EPS: ₩6.00 (up from ₩0.51 in 2Q 2022). Revenue: ₩17.0b (up 65% from 2Q 2022). Net income: ₩1.41b (up ₩1.30b from 2Q 2022). Profit margin: 8.3% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: ₩2.00 (vs ₩4.00 in 1Q 2022) First quarter 2023 results: EPS: ₩2.00 (down from ₩4.00 in 1Q 2022). Revenue: ₩9.37b (down 5.1% from 1Q 2022). Net income: ₩258.6m (down 67% from 1Q 2022). Profit margin: 2.8% (down from 7.8% in 1Q 2022). Aankondiging • May 18
East Asia Holdings Investment Limited (KOSDAQ:A900110) completed the acquisition of 4% stake in Premiata Limited. East Asia Holdings Investment Limited (KOSDAQ:A900110) agreed to acquire 4% stake in Premiata Limited on April 5, 2023. Post acquisition East Asia Holdings hold 520 shares of Premiata Limited. Financial information for the latest business year of Premiata Limited is total assets of KRW 5.049 billion. The transaction is expected to complete on June 30, 2023.
East Asia Holdings Investment Limited (KOSDAQ:A900110) completed the acquisition of 4% stake in Premiata Limited on May 16, 2023. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: ₩10.00 (vs ₩5.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩10.00 (up from ₩5.00 in 3Q 2021). Revenue: ₩14.6b (up 4.3% from 3Q 2021). Net income: ₩1.65b (up 88% from 3Q 2021). Profit margin: 11% (up from 6.3% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). Chief Executive Officer, President and Director So-Young Jung was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩196, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past year. Aankondiging • Oct 12
East Asia Holdings Investment Limited announced that it has received KRW 15.12 billion in funding On October 11, 2022, East Asia Holdings Investment Limited closed the transaction. Aankondiging • Sep 20
East Asia Holdings Investment Limited announced that it expects to receive KRW 15.12 billion in funding East Asia Holdings Investment Limited announced a private placement of 219,932,050 shares at an issue price of KRW 210 per share for the gross proceeds of KRW 15,120,000,000 on September 19, 2022. The transaction will include participation from individual investors Ding Shaodong, Ding Shaobin, Chen Miaomiao and Chen Chunling. The company will receive funding through third party allotment of capital. The transaction has been approved from board of directors of the company. The transaction is expected to close on September, 30, 2022. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₩217, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 23% over the past year. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: ₩0.45 (vs ₩5.00 in 2Q 2021) Second quarter 2022 results: EPS: ₩0.45 (down from ₩5.00 in 2Q 2021). Revenue: ₩10.3b (down 18% from 2Q 2021). Net income: ₩112.0m (down 84% from 2Q 2021). Profit margin: 1.1% (down from 5.5% in 2Q 2021). Aankondiging • Jul 21
East Asia Holdings Investment Limited announced that it has received KRW 4.81057186 billion in funding On July 21, 2022, East Asia Holdings Investment Limited closed the transaction. Aankondiging • Jul 09
East Asia Holdings Investment Limited announced that it expects to receive KRW 4.81057186 billion in funding East Asia Holdings Investment Limited announced a private placement of 17,949,895 common shares at a price of KRW 268 per share for gross proceeds of KRW 4,810,571,860 on July 8, 2022. The company will receive funding through third party allotment of capital. The transaction has been approved from board of directors of the company. The transaction is expected to close on July 18, 2022. The total number of shares issued prior to transaction are 201,982,155 shares. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩226, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 3.7% over the past year. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: ₩4.00 (vs ₩7.00 in 1Q 2021) First quarter 2022 results: EPS: ₩4.00 (down from ₩7.00 in 1Q 2021). Revenue: ₩9.87b (up 5.8% from 1Q 2021). Net income: ₩772.4m (down 14% from 1Q 2021). Profit margin: 7.8% (down from 9.6% in 1Q 2021). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₩314, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 44% over the past year. Aankondiging • May 19
East Asia Holdings Investment Limited (KOSDAQ:A900110) agreed to acquire 51% stake in Grand Empire International Group Limited. East Asia Holdings Investment Limited (KOSDAQ:A900110) agreed to acquire 51% stake in Grand Empire International Group Limited on April 12, 2022. Grand Empire International Group Limited reported the Total assets of CNY 4,310,610.61 and Total Equity of CNY 4,035,146 for the financial year December 31, 2021. Transaction is expected close by June 30, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). Chief Executive Officer, President and Director So-Young Jung was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 31% share price gain to ₩237, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 8.8% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩184, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 35% over the past three years. Aankondiging • Mar 05
East Asia Holdings Investment Limited announced that it has received KRW 4.347229908 billion in funding On March 3, 2022, East Asia Holdings Investment Limited closed the transaction. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 29% share price gain to ₩161, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩120, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 11x in the Luxury industry in South Korea. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₩167, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 30% over the past three years. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₩5.00 (down from ₩14.00 in 3Q 2020). Revenue: ₩14.0b (up 14% from 3Q 2020). Net income: ₩879.7m (down 41% from 3Q 2020). Profit margin: 6.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₩193, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 18% over the past three years. Reported Earnings • Sep 03
Second quarter 2021 earnings released: EPS ₩5.00 (vs ₩10.00 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩12.5b (up 60% from 2Q 2020). Net income: ₩694.1m (up ₩1.43b from 2Q 2020). Profit margin: 5.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 10
New 90-day low: ₩194 The company is down 27% from its price of ₩265 on 10 December 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 Luxury industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 27
New 90-day low: ₩215 The company is down 13% from its price of ₩248 on 29 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 27
New 90-day low: ₩236 The company is down 11% from its price of ₩265 on 28 September 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period. Reported Earnings • Dec 06
Third quarter 2020 earnings released: EPS ₩14.00 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: ₩12.2b (down 50% from 3Q 2019). Net income: ₩1.50b (down 23% from 3Q 2019). Profit margin: 12% (up from 7.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.