Reported Earnings • Jan 16
First quarter 2026 earnings released: EPS: ₩121 (vs ₩19.00 loss in 1Q 2025) First quarter 2026 results: EPS: ₩121 (up from ₩19.00 loss in 1Q 2025). Revenue: ₩21.0b (down 6.5% from 1Q 2025). Net income: ₩1.16b (up ₩1.34b from 1Q 2025). Profit margin: 5.5% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. 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. Announcement • Nov 26
PungKang. Co., Ltd., Annual General Meeting, Nov 25, 2025 PungKang. Co., Ltd., Annual General Meeting, Nov 25, 2025. Upcoming Dividend • Aug 21
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 18 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.6%). Declared Dividend • Jul 17
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 18th December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 6 years. However, payments have been volatile during that time. Announcement • Jul 16
PungKang. Co., Ltd. announces Annual dividend, payable on December 18, 2025 PungKang. Co., Ltd. announced Annual dividend of KRW 80.0000 per share payable on December 18, 2025, ex-date on August 28, 2025 and record date on August 31, 2025. New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 2.3% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 110% Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩25.2b market cap, or US$18.0m). New Risk • Jan 16
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 10% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 257% Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩31.0b market cap, or US$21.3m). Reported Earnings • Jan 16
First quarter 2025 earnings released: ₩19.00 loss per share (vs ₩6.00 profit in 1Q 2024) First quarter 2025 results: ₩19.00 loss per share (down from ₩6.00 profit in 1Q 2024). Revenue: ₩22.5b (down 7.1% from 1Q 2024). Net loss: ₩178.8m (down 436% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Full year 2024 earnings released: ₩102 loss per share (vs ₩582 profit in FY 2023) Full year 2024 results: ₩102 loss per share (down from ₩582 profit in FY 2023). Revenue: ₩93.0b (down 4.4% from FY 2023). Net loss: ₩980.7m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Nov 02
PungKang. Co., Ltd., Annual General Meeting, Nov 19, 2024 PungKang. Co., Ltd., Annual General Meeting, Nov 19, 2024, at 09:01 Tokyo Standard Time. Location: auditorium, 745, namyangman-ro, ujeong-eup, gyeonggi-do, hwaseong South Korea Reported Earnings • Jul 16
Third quarter 2024 earnings released: EPS: ₩136 (vs ₩153 in 3Q 2023) Third quarter 2024 results: EPS: ₩136 (down from ₩153 in 3Q 2023). Revenue: ₩24.6b (down 7.1% from 3Q 2023). Net income: ₩1.30b (down 11% from 3Q 2023). Profit margin: 5.3% (down from 5.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to ₩3,540. The fair value is estimated to be ₩4,426, 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 grown by 8.5%. Buy Or Sell Opportunity • Apr 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to ₩3,645. The fair value is estimated to be ₩4,557, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Mar 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to ₩3,580. The fair value is estimated to be ₩4,487, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Jan 17
First quarter 2024 earnings released: EPS: ₩6.00 (vs ₩272 in 1Q 2023) First quarter 2024 results: EPS: ₩6.00 (down from ₩272 in 1Q 2023). Revenue: ₩24.2b (down 1.4% from 1Q 2023). Net income: ₩53.2m (down 98% from 1Q 2023). Profit margin: 0.2% (down from 11% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jan 17
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: 3.1% Last year net profit margin: 7.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (₩36.7b market cap, or US$27.5m). Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: ₩582 (vs ₩444 in FY 2022) Full year 2023 results: EPS: ₩582 (up from ₩444 in FY 2022). Revenue: ₩97.3b (up 17% from FY 2022). Net income: ₩5.58b (up 31% from FY 2022). Profit margin: 5.7% (up from 5.1% 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 46% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be ₩4,668, 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. Meanwhile, the company has become profitable. Upcoming Dividend • Aug 23
Upcoming dividend of ₩130 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.1%). Reported Earnings • Jul 20
Third quarter 2023 earnings released: EPS: ₩153 (vs ₩211 in 3Q 2022) Third quarter 2023 results: EPS: ₩153 (down from ₩211 in 3Q 2022). Revenue: ₩26.5b (up 23% from 3Q 2022). Net income: ₩1.47b (down 27% from 3Q 2022). Profit margin: 5.5% (down from 9.4% 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 61% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 21
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be ₩4,945, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 67%. Buying Opportunity • Mar 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.4%. The fair value is estimated to be ₩4,896, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 67%. Buying Opportunity • Feb 15
Now 21% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be ₩4,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 67%. Reported Earnings • Jan 17
First quarter 2023 earnings released: EPS: ₩272 (vs ₩0.31 loss in 1Q 2022) First quarter 2023 results: EPS: ₩272 (up from ₩0.31 loss in 1Q 2022). Revenue: ₩24.5b (up 33% from 1Q 2022). Net income: ₩2.60b (up ₩2.61b from 1Q 2022). Profit margin: 11% (up from 0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director Yi-Yong Yeom was the last director to join the board, commencing their role in 1983. 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 • Aug 23
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 21 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.0%). Higher than average of industry peers (2.1%). Reported Earnings • Jul 20
Third quarter 2022 earnings released: EPS: ₩211 (vs ₩169 in 3Q 2021) Third quarter 2022 results: EPS: ₩211 (up from ₩169 in 3Q 2021). Revenue: ₩21.6b (up 11% from 3Q 2021). Net income: ₩2.02b (up 25% from 3Q 2021). Profit margin: 9.4% (up from 8.3% 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 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,915, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 11% 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. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director Yi-Yong Yeom was the last director to join the board, commencing their role in 1983. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Second quarter 2022 earnings released: EPS: ₩153 (vs ₩57.00 in 2Q 2021) Second quarter 2022 results: EPS: ₩153 (up from ₩57.00 in 2Q 2021). Revenue: ₩20.5b (up 12% from 2Q 2021). Net income: ₩1.47b (up 169% from 2Q 2021). Profit margin: 7.2% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩4,260, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 13x in the Auto Components industry in South Korea. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,880, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 73% over the past three years. Reported Earnings • Nov 17
Full year 2021 earnings released: EPS ₩462 (vs ₩16.00 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₩76.8b (up 20% from FY 2020). Net income: ₩4.43b (up ₩4.27b from FY 2020). Profit margin: 5.8% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₩5,110, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Auto Components industry in South Korea. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 22 December 2021. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 23% share price gain to ₩5,360, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 23x in the Auto Components industry in South Korea. Total returns to shareholders of 53% over the past three years. Reported Earnings • Apr 18
Second quarter 2021 earnings released: EPS ₩57.00 (vs ₩10.00 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩18.2b (up 8.1% from 2Q 2020). Net income: ₩546.0m (up 480% from 2Q 2020). Profit margin: 3.0% (up from 0.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Jan 15
First quarter 2021 earnings released: EPS ₩145 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩21.3b (up 13% from 1Q 2020). Net income: ₩1.39b (up 349% from 1Q 2020). Profit margin: 6.5% (up from 1.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₩4,290 The company is up 19% from its price of ₩3,600 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is up 15% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₩3,600 The company is up 29% from its price of ₩2,800 on 08 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period.