Buy Or Sell Opportunity • Apr 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to ₩12,510. The fair value is estimated to be ₩10,143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 9.0%. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩11,520, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 70% over the past three years. Announcement • Mar 04
PHA Co., Ltd., Annual General Meeting, Mar 26, 2026 PHA Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 392, seongseo4chacheomdan-ro, dalseo-gu, daegu South Korea Buy Or Sell Opportunity • Feb 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₩12,980. The fair value is estimated to be ₩10,774, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 18%. Buy Or Sell Opportunity • Jan 19
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₩12,870. The fair value is estimated to be ₩10,487, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 18%. Upcoming Dividend • Dec 22
Upcoming dividend of ₩350 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.0%). Buy Or Sell Opportunity • Nov 27
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at ₩11,110. The fair value is estimated to be ₩9,143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 28%. Declared Dividend • Nov 08
Dividend of ₩350 announced Dividend of ₩350 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
PHA Co., Ltd. announces Annual dividend, payable on April 20, 2026 PHA Co., Ltd. announced Annual dividend of KRW 350.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Oct 22
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₩11,630. The fair value is estimated to be ₩9,687, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 28%. Buy Or Sell Opportunity • Sep 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to ₩11,630. The fair value is estimated to be ₩9,691, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 28%. New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). High level of non-cash earnings (40% accrual ratio). Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩3,171 (vs ₩3,011 in FY 2023) Full year 2024 results: EPS: ₩3,171 (up from ₩3,011 in FY 2023). Revenue: ₩1.15t (up 1.6% from FY 2023). Net income: ₩61.9b (flat on FY 2023). Profit margin: 5.4% (in line with FY 2023). 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 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
PHA Co., Ltd., Annual General Meeting, Mar 26, 2025 PHA Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 392, seongseo4chacheomdan-ro, dalseo-gu, daegu South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 8.4% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (2.6%). New Risk • Dec 09
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. This is currently the only risk that has been identified for the company. Declared Dividend • Nov 21
Dividend of ₩250 announced Shareholders will receive a dividend of ₩250. Ex-date: 27th December 2024 Payment date: 21st April 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.3% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩9,810, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 5x in the Auto Components industry in South Korea. Total loss to shareholders of 5.1% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 23% undervalued Over the last 90 days, the stock has risen 2.4% to ₩11,260. The fair value is estimated to be ₩14,563, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩3,011 (vs ₩1,376 in FY 2022) Full year 2023 results: EPS: ₩3,011 (up from ₩1,376 in FY 2022). Revenue: ₩1.13t (up 11% from FY 2022). Net income: ₩61.5b (up 118% from FY 2022). Profit margin: 5.4% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩12,590, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 6.3% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 18 April 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.0%). Announcement • Sep 15
PHA Co., Ltd. (KOSDAQ:A043370) announces an Equity Buyback for KRW 5,000 million worth of its shares. PHA Co., Ltd. (KOSDAQ:A043370) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Hyundai Motor Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 14, 2024. As of September 12, 2023, the company had 462,263 shares in treasury within scope available for dividend and had 1,175 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩10,500, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 78% over the past three years. Buying Opportunity • Mar 27
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩9,133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 9.9%. Upcoming Dividend • Dec 21
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (2.3%). Buying Opportunity • Dec 14
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩8,970, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 11%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 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 • Sep 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩5,910, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 10x in the Auto Components industry in South Korea. Total loss to shareholders of 40% 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 15% share price decline to ₩6,950, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total loss to shareholders of 15% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 20% share price gain to ₩12,100, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩12,400, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 10x in the Auto Components industry in South Korea. Total returns to shareholders of 31% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩382 (vs ₩1,506 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩949.1b (down 13% from FY 2019). Net income: ₩7.93b (down 75% from FY 2019). Profit margin: 0.8% (down from 2.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₩12,650, the stock is trading at a trailing P/E ratio of 47.5x, up from the previous P/E ratio of 41.1x. This compares to an average P/E of 25x in the Auto Components industry in South Korea. Total returns to shareholders over the past three years are 20%. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₩11,800, the stock is trading at a trailing P/E ratio of 44.3x, up from the previous P/E ratio of 36.5x. This compares to an average P/E of 24x in the Auto Components industry in South Korea. Total returns to shareholders over the past three years are 2.5%. Is New 90 Day High Low • Jan 20
New 90-day high: ₩10,700 The company is up 30% from its price of ₩8,250 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩9,170 The company is up 20% from its price of ₩7,610 on 29 September 2020. The South Korean market is also up 20% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is up 16% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩180 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.0% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (1.7%). Is New 90 Day High Low • Oct 05
New 90-day high: ₩8,800 The company is up 50% from its price of ₩5,850 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period. Announcement • Sep 21
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