New Risk • Mar 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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 Large one-off items impacting financial results. Market cap is less than US$100m (₩45.0b market cap, or US$30.2m). Aankondiging • Mar 10
Seung Il Corporation, Annual General Meeting, Mar 27, 2026 Seung Il Corporation, Annual General Meeting, Mar 27, 2026, at 11:00 Tokyo Standard Time. Location: auditorium, 10, 4sandan 1-gil, jiksan-eup, seobuk-gu, chungcheongnam-do, cheonan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩36.7b (up 4.1% from 3Q 2024). Net income: ₩673.6m (down 56% from 3Q 2024). Profit margin: 1.8% (down from 4.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩120 announced Dividend of ₩120 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 1.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 19% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 72% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 07
Seung Il Corporation announces Annual dividend, payable on April 10, 2026 Seung Il Corporation announced Annual dividend of KRW 120.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Aankondiging • Mar 13
Seung Il Corporation, Annual General Meeting, Mar 28, 2025 Seung Il Corporation, Annual General Meeting, Mar 28, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 10, 4sandan 1-gil, jiksan-eup, seobuk-gu, chungcheongnam-do, cheonan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩85.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩8,000, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total loss to shareholders of 40% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩88.00 (vs ₩193 in 1Q 2023) First quarter 2024 results: EPS: ₩88.00 (down from ₩193 in 1Q 2023). Revenue: ₩36.6b (down 4.3% from 1Q 2023). Net income: ₩522.5m (down 54% from 1Q 2023). Profit margin: 1.4% (down from 3.0% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to ₩9,330. The fair value is estimated to be ₩11,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Dec 20
Inaugural dividend of ₩85.00 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. This is the first dividend for Seung Il since going public. The average dividend yield among industry peers is 1.6%. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩7.00 (vs ₩153 in 3Q 2022) Third quarter 2023 results: EPS: ₩7.00 (down from ₩153 in 3Q 2022). Revenue: ₩33.7b (down 14% from 3Q 2022). Net income: ₩38.4m (down 96% from 3Q 2022). Profit margin: 0.1% (down from 2.3% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩193 (vs ₩124 in 1Q 2022) First quarter 2023 results: EPS: ₩193 (up from ₩124 in 1Q 2022). Revenue: ₩38.2b (down 7.1% from 1Q 2022). Net income: ₩1.14b (up 56% from 1Q 2022). Profit margin: 3.0% (up from 1.8% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Inaugural dividend of ₩170 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 07 April 2023. This is the first dividend for Seung Il since going public. The average dividend yield among industry peers is 1.5%. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩153 (vs ₩112 in 3Q 2021) Third quarter 2022 results: EPS: ₩153 (up from ₩112 in 3Q 2021). Revenue: ₩39.1b (up 8.0% from 3Q 2021). Net income: ₩901.4m (up 36% from 3Q 2021). Profit margin: 2.3% (up from 1.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,150, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 11x in the Packaging industry in South Korea. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 23% share price gain to ₩18,150, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 27% share price gain to ₩16,450, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 13x in the Packaging industry in South Korea. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 46% share price gain to ₩14,850, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 11x in the Packaging industry in South Korea. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩9,060, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 11x in the Packaging industry in South Korea. Total loss to shareholders of 1.8% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩11,850, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 13x in the Packaging industry in South Korea. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 28% share price gain to ₩16,100, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 14x in the Packaging industry in South Korea. Total returns to shareholders of 48% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩85.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Seung Il since going public. The average dividend yield among industry peers is 1.4%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩12,950, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 14x in the Packaging industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₩16,000, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 16x in the Packaging industry in South Korea. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
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 46.1x. Average trailing P/E is 15x in the Packaging industry in South Korea. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩13,100, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 17x in the Packaging industry in South Korea. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₩15,500, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 19x in the Packaging industry in South Korea. Total returns to shareholders of 40% over the past three years. Is New 90 Day High Low • Mar 10
New 90-day high: ₩9,230 The company is up 12% from its price of ₩8,270 on 10 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₩8,540 The company is up 4.0% from its price of ₩8,190 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 23% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩7,840 The company is down 11% from its price of ₩8,850 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 Packaging industry, which is up 17% over the same period.