Buy Or Sell Opportunity • Jun 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₩43,850. The fair value is estimated to be ₩54,844, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • May 09
Price target increased by 10% to ₩73,000 Up from ₩66,333, the current price target is an average from 7 analysts. New target price is 21% above last closing price of ₩60,500. Stock is up 42% over the past year. The company is forecast to post earnings per share of ₩4,320 for next year compared to ₩837 last year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩60,500, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 43x in the Electrical industry in South Korea. Total loss to shareholders of 19% over the past three years. Announcement • Apr 28
CS Wind Corporation to Report Q1, 2026 Results on May 07, 2026 CS Wind Corporation announced that they will report Q1, 2026 results on May 07, 2026 New Risk • Apr 07
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 13% 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 High level of debt (41% net debt to equity). 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 (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Mar 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Price Target Changed • Mar 17
Price target increased by 7.4% to ₩60,500 Up from ₩56,333, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩58,000. Stock is up 57% over the past year. The company is forecast to post earnings per share of ₩4,907 for next year compared to ₩3,434 last year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩51,800, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electrical industry in South Korea. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩59,278 per share. Buy Or Sell Opportunity • Mar 04
Now 26% undervalued The stock has been flat over the last 90 days, currently trading at ₩42,400. The fair value is estimated to be ₩57,349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 92%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩49,750, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Electrical industry in South Korea. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩58,883 per share. Announcement • Feb 24
CS Wind Corporation, Annual General Meeting, Mar 26, 2026 CS Wind Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 723, eonju-ro, gangnam-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.6%). Price Target Changed • Nov 12
Price target decreased by 7.5% to ₩57,333 Down from ₩62,000, the current price target is an average from 6 analysts. New target price is 30% above last closing price of ₩43,950. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩4,907 for next year compared to ₩3,434 last year. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Nov 08
Dividend of ₩1,000 announced Dividend of ₩1,000 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 2.4%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (18% 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. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
CS Wind Corporation announces Annual dividend, payable on April 16, 2026 CS Wind Corporation announced Annual dividend of KRW 1000.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Oct 27
CS Wind Corporation to Report Nine Months, 2025 Results on Nov 07, 2025 CS Wind Corporation announced that they will report nine months, 2025 results on Nov 07, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩920 (vs ₩2,456 in 2Q 2024) Second quarter 2025 results: EPS: ₩920 (down from ₩2,456 in 2Q 2024). Revenue: ₩650.0b (down 24% from 2Q 2024). Net income: ₩38.1b (down 63% from 2Q 2024). Profit margin: 5.9% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 12
Price target increased by 7.9% to ₩62,286 Up from ₩57,714, the current price target is an average from 7 analysts. New target price is 37% above last closing price of ₩45,500. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩5,571 for next year compared to ₩3,434 last year. Announcement • Jul 29
CS Wind Corporation to Report First Half, 2025 Results on Aug 08, 2025 CS Wind Corporation announced that they will report first half, 2025 results on Aug 08, 2025 Buy Or Sell Opportunity • Jul 21
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to ₩52,000. The fair value is estimated to be ₩39,504, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Buy Or Sell Opportunity • Jul 03
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₩49,400. The fair value is estimated to be ₩40,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Price Target Changed • Jun 27
Price target decreased by 11% to ₩57,714 Down from ₩65,125, the current price target is an average from 7 analysts. New target price is 21% above last closing price of ₩47,700. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of ₩5,487 for next year compared to ₩3,434 last year. New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks High level of debt (67% net debt to equity). 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 (9.9% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩43,050, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electrical industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩35,937 per share. New Risk • May 15
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 8.8% 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 Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Buy Or Sell Opportunity • May 14
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₩49,300. The fair value is estimated to be ₩36,122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩44,100, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electrical industry in South Korea. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,249 per share. Announcement • Apr 30
CS Wind Corporation to Report Q1, 2025 Results on May 08, 2025 CS Wind Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩35,350, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electrical industry in South Korea. Total loss to shareholders of 42% over the past three years. Announcement • Feb 19
CS Wind Corporation, Annual General Meeting, Mar 26, 2025 CS Wind Corporation, Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 723, eonju-ro, gangnam-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 09 April 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.6%). New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩46,850, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Electrical industry in South Korea. Total loss to shareholders of 24% over the past three years. Announcement • Oct 29
CS Wind Corporation to Report Nine Months, 2024 Results on Nov 07, 2024 CS Wind Corporation announced that they will report nine months, 2024 results on Nov 07, 2024 Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩56,400, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electrical industry in South Korea. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩65,500, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electrical industry in South Korea. Total loss to shareholders of 9.7% over the past three years. New Risk • Aug 08
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 9.6% 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: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Announcement • Jul 27
CS Wind Corporation announced that it expects to receive KRW 44.5524161 billion in funding from Kiwoom Securities Co., Ltd. CS Wind Corporation announced a private placement to issue Zero Coupon Bearer Interest Unsecured Private Placement New Exchangeable Bonds due July 31, 2054 for the gross proceeds of KRW 44,552,416,100 on July 25, 2024. The transaction will include participation from new investor Kiwoom Securities Co., Ltd.. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 31, 2024. The bonds bear zero coupon rate and zero maturity rate and matures on July 31, 2054. The bonds are 100% convertible into 741,922 shares at a fixed conversion price of KRW 60,500 from August 7, 2024 to June 30, 2054. Price Target Changed • Jul 05
Price target decreased by 7.5% to ₩74,077 Down from ₩80,077, the current price target is an average from 13 analysts. New target price is 54% above last closing price of ₩48,100. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₩850 for next year compared to ₩480 last year. New Risk • Jun 09
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: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Major Estimate Revision • May 12
Consensus EPS estimates fall by 65%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩2.71b to ₩2.75b. EPS estimate fell from ₩2,443 to ₩848 per share. Net income forecast to grow 83% next year vs 29% growth forecast for Electrical industry in South Korea. Consensus price target down from ₩80,077 to ₩76,000. Share price fell 6.8% to ₩48,200 over the past week. Announcement • May 03
CS Wind Corporation to Report Q1, 2024 Results on May 09, 2024 CS Wind Corporation announced that they will report Q1, 2024 results on May 09, 2024 Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to ₩52,400. The fair value is estimated to be ₩67,086, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 38%. Revenue is forecast to grow by 117% in 2 years. Earnings are forecast to grow by 897% in the next 2 years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩480 (vs ₩77.53 in FY 2022) Full year 2023 results: EPS: ₩480 (up from ₩77.53 in FY 2022). Revenue: ₩1.52t (up 11% from FY 2022). Net income: ₩19.9b (up ₩16.7b from FY 2022). Profit margin: 1.3% (up from 0.2% in FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in South Korea. 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 12% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
CS Wind Corporation, Annual General Meeting, Mar 26, 2024 CS Wind Corporation, Annual General Meeting, Mar 26, 2024, at 10:00 Korea Standard Time. Location: 1F, CS Wind HQ, 723 Eonju-ro, Gangnam-gu Seoul South Korea Agenda: To approve financial statements and consolidated financial statements for the 18th term; to approve amendments to the articles of incorporation; to consider election of directors; to consider Election of ByungYun, Lim as audit committee member; and to consider approval of Director Remuneration Limit. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩49,750, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Electrical industry in South Korea. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩97,131 per share. Announcement • Feb 13
CS Wind Corporation to Report Fiscal Year 2023 Results on Feb 19, 2024 CS Wind Corporation announced that they will report fiscal year 2023 results on Feb 19, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩66,600, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Electrical industry in South Korea. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩44,111 per share. Major Estimate Revision • Nov 10
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.68b to ₩1.63b. EPS estimate also fell from ₩2,209 per share to ₩1,701 per share. Net income forecast to grow 284% next year vs 54% growth forecast for Electrical industry in South Korea. Consensus price target down from ₩103,091 to ₩95,273. Share price fell 3.1% to ₩45,350 over the past week. Price Target Changed • Nov 09
Price target decreased by 7.6% to ₩95,273 Down from ₩103,091, the current price target is an average from 11 analysts. New target price is 97% above last closing price of ₩48,450. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩2,113 for next year compared to ₩7.82 last year. New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: ₩498 (vs ₩162 in 2Q 2022) Second quarter 2023 results: EPS: ₩498 (up from ₩162 in 2Q 2022). Revenue: ₩415.5b (up 27% from 2Q 2022). Net income: ₩20.6b (up 206% from 2Q 2022). Profit margin: 5.0% (up from 2.1% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 11
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.79b to ₩1.76b. EPS estimate also fell from ₩2,370 per share to ₩2,098 per share. Net income forecast to grow 705% next year vs 104% growth forecast for Electrical industry in South Korea. Consensus price target of ₩104,727 unchanged from last update. Share price fell 3.2% to ₩69,000 over the past week. Announcement • Jul 12
CS Wind Corporation (KOSE:A112610) agreed to acquire Bladt Industries A/S from Nordic Capital VII, L.P. managed by Nordic Capital for approximately KRW 26.9 billion. CS Wind Corporation (KOSE:A112610) agreed to acquire Bladt Industries A/S from Nordic Capital VII, L.P. managed by Nordic Capital for approximately KRW 26.9 billion on July 7, 2023. CS Wind Corporation board of directors passed the resolution. The transaction is expected to be completed on November 1, 2023. Major Estimate Revision • May 15
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.70b to ₩1.72b. EPS estimate increased from ₩1,992 to ₩2,264 per share. Net income forecast to grow 21,693% next year vs 63% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩90,375 to ₩93,000. Share price rose 7.5% to ₩78,400 over the past week. Major Estimate Revision • May 11
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.70b to ₩1.81b. EPS estimate increased from ₩1,992 to ₩2,565 per share. Net income forecast to grow 21,233% next year vs 60% growth forecast for Electrical industry in South Korea. Consensus price target broadly unchanged at ₩90,625. Share price rose 5.9% to ₩79,200 over the past week. Price Target Changed • Jan 03
Price target increased to ₩86,750 Up from ₩80,286, the current price target is an average from 8 analysts. New target price is 29% above last closing price of ₩67,500. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of ₩783 for next year compared to ₩1,598 last year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 05 April 2023. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (0.9%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Sung-su Kim was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 10
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩1.52b to ₩1.44b. EPS estimate also fell from ₩1,069 per share to ₩826 per share. Net income forecast to grow 314% next year vs 99% growth forecast for Electrical industry in South Korea. Consensus price target broadly unchanged at ₩79,714. Share price rose 7.7% to ₩67,100 over the past week. Major Estimate Revision • Aug 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₩940 to ₩1,087. Revenue forecast steady at ₩1.51b. Net income forecast to grow 81% next year vs 59% growth forecast for Electrical industry in South Korea. Consensus price target broadly unchanged at ₩76,667. Share price was steady at ₩64,500 over the past week. Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩1.60b to ₩1.50b. EPS estimate also fell from ₩1,748 per share to ₩940 per share. Net income forecast to grow 81% next year vs 59% growth forecast for Electrical industry in South Korea. Consensus price target of ₩75,833 unchanged from last update. Share price rose 6.2% to ₩65,100 over the past week. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₩55,500, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Electrical industry in South Korea. Total returns to shareholders of 280% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 19% share price gain to ₩59,700, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 207% over the past three years. Major Estimate Revision • Jun 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩1.64b to ₩1.61b. EPS estimate rose from ₩1,318 to ₩1,609. Net income forecast to grow 110% next year vs 57% growth forecast for Electrical industry in South Korea. Consensus price target down from ₩84,800 to ₩74,800. Share price fell 8.6% to ₩53,100 over the past week. 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. 8 experienced directors. No highly experienced directors. 2 independent directors (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. Price Target Changed • Mar 11
Price target decreased to ₩91,667 Down from ₩98,667, the current price target is an average from 6 analysts. New target price is 39% above last closing price of ₩65,800. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of ₩1,906 for next year compared to ₩946 last year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩46,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Electrical industry in South Korea. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩75,591 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 April 2022. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.8%). Major Estimate Revision • Aug 11
Consensus EPS estimates fall to ₩1,959 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩1.22b to ₩1.21b. EPS estimate also fell from ₩2,279 to ₩1,959. Net income forecast to grow 107% next year vs 107% growth forecast for Electrical industry in South Korea. Consensus price target of ₩104,900 unchanged from last update. Share price was steady at ₩79,900 over the past week.