Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩47,600, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 32x in the Electrical industry in South Korea. Total returns to shareholders of 262% over the past three years. Announcement • Mar 06
Seoho Electric Co.,Ltd, Annual General Meeting, Mar 26, 2026 Seoho Electric Co.,Ltd, Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 9, gwiin-ro, dongan-gu, gyeonggi-do, anyang South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩44,700, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 38x in the Electrical industry in South Korea. Total returns to shareholders of 235% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩54,900, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 302% over the past three years. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩1,725 (vs ₩198 in 3Q 2024) Third quarter 2025 results: EPS: ₩1,725 (up from ₩198 in 3Q 2024). Revenue: ₩30.8b (up 133% from 3Q 2024). Net income: ₩7.80b (up ₩6.82b from 3Q 2024). Profit margin: 25% (up from 7.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩43,550, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 220% 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 9.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩37,000, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 179% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 September 2025. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.8%). Declared Dividend • May 31
Dividend of ₩500 announced Shareholders will receive a dividend of ₩500. Ex-date: 27th June 2025 Payment date: 1st September 2025 Dividend yield will be 6.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩30,500, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 104% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: ₩2,357 (vs ₩3,112 in FY 2023) Full year 2024 results: EPS: ₩2,357 (down from ₩3,112 in FY 2023). Revenue: ₩46.5b (down 30% from FY 2023). Net income: ₩11.5b (down 26% from FY 2023). Profit margin: 25% (up from 23% in FY 2023). 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 2% per year, which means it is well ahead of earnings. Announcement • Feb 25
Seoho Electric Co.,Ltd, Annual General Meeting, Mar 20, 2025 Seoho Electric Co.,Ltd, Annual General Meeting, Mar 20, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 9, gwiin-ro, dongan-gu, gyeonggi-do, anyang South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.6%). Board Change • Dec 09
Insufficient new 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. No highly experienced 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: Insufficient board refreshment. New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩110.4b market cap, or US$77.6m). New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩112.2b market cap, or US$80.4m). Declared Dividend • Nov 27
First half dividend of ₩1,000 announced Shareholders will receive a dividend of ₩1,000. Ex-date: 27th December 2024 Payment date: 14th April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 7.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 23
Seoho Electric Co.,Ltd (KOSDAQ:A065710) announces an Equity Buyback for KRW 4,000 million worth of its shares. Seoho Electric Co.,Ltd (KOSDAQ:A065710) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a contract with SAMSUNG SECURITIES Co., Ltd. The program is aimed at stock price stability and shareholder value enhancement. The program will expire on May 21, 2025. As of November 21, 2024, the company had 454,229 shares in treasury within scope available for dividend and no shares in treasury under other capacities. Announcement • Sep 26
Seoho Electric Co.,Ltd (KOSDAQ:A065710) announces an Equity Buyback for KRW 5,000 million worth of its shares. Seoho Electric Co.,Ltd (KOSDAQ:A065710) 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 SAMSUNG SECURITIES Co., Ltd. The program is aimed at stock price stability and shareholder value enhancement. The program will expire on March 25, 2025. As of September 25, 2024, the company had 219,418 shares in treasury within scope available for dividend and no shares in treasury under other capacities. 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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩96.3b market cap, or US$73.2m). Buy Or Sell Opportunity • May 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to ₩20,250. The fair value is estimated to be ₩16,815, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • May 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to ₩20,350. The fair value is estimated to be ₩16,759, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩3,112 (vs ₩2,214 in FY 2022) Full year 2023 results: EPS: ₩3,112 (up from ₩2,214 in FY 2022). Revenue: ₩66.2b (up 10.0% from FY 2022). Net income: ₩15.5b (up 38% from FY 2022). Profit margin: 23% (up from 19% 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 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩767 (vs ₩634 in 1Q 2022) First quarter 2023 results: EPS: ₩767 (up from ₩634 in 1Q 2022). Revenue: ₩12.3b (down 35% from 1Q 2022). Net income: ₩3.82b (up 18% from 1Q 2022). Profit margin: 31% (up from 17% 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 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩2,215 (vs ₩3,381 in FY 2021) Full year 2022 results: EPS: ₩2,215 (down from ₩3,381 in FY 2021). Revenue: ₩60.2b (down 19% from FY 2021). Net income: ₩11.3b (down 35% from FY 2021). Profit margin: 19% (down from 23% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 19 April 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (0.9%). Board Change • Nov 16
Insufficient new 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. No highly experienced 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: Insufficient board refreshment. Buying Opportunity • Oct 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.5%. The fair value is estimated to be ₩21,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. Buying Opportunity • Sep 16
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩23,139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. Buying Opportunity • Aug 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be ₩23,173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. Board Change • Apr 27
Insufficient new 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. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.7%). Is New 90 Day High Low • Feb 24
New 90-day low: ₩19,100 The company is down 13% from its price of ₩22,000 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: ₩19,150 The company is down 12% from its price of ₩21,750 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 08
New 90-day low: ₩20,900 The company is down 11% from its price of ₩23,500 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 21% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩1,200 Per Share Will be paid on the 22nd of April to those who are registered shareholders by the 29th of December. The trailing yield of 5.6% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (1.2%). Is New 90 Day High Low • Dec 07
New 90-day low: ₩21,350 The company is down 11% from its price of ₩24,050 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is down 4.0% over the same period.