Declared Dividend • Apr 30
Fourth quarter dividend of ₩400 announced Shareholders will receive a dividend of ₩400. Ex-date: 12th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 16
Doosan Bobcat Inc. to Report Q1, 2026 Results on Apr 28, 2026 Doosan Bobcat Inc. announced that they will report Q1, 2026 results on Apr 28, 2026 Price Target Changed • Apr 15
Price target increased by 7.4% to ₩80,250 Up from ₩74,700, the current price target is an average from 8 analysts. New target price is 16% above last closing price of ₩68,900. Stock is up 56% over the past year. The company is forecast to post earnings per share of US$3.59 for next year compared to US$2.95 last year. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩69,700, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩110,025 per share. Upcoming Dividend • Mar 23
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.7%). Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$2.95 (down from US$4.14 in FY 2024). Revenue: US$6.18b (down 1.4% from FY 2024). Net income: US$282.9m (down 32% from FY 2024). Profit margin: 4.6% (down from 6.6% in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩53,100, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 39% over the past three years. Price Target Changed • Feb 28
Price target increased by 7.4% to ₩80,222 Up from ₩74,700, the current price target is an average from 9 analysts. New target price is 23% above last closing price of ₩65,000. Stock is up 38% over the past year. The company is forecast to post earnings per share of US$3.55 for next year compared to US$2.96 last year. Announcement • Feb 28
Doosan Bobcat Inc., Annual General Meeting, Mar 27, 2026 Doosan Bobcat Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 155, jeongjail-ro, bundang-gu, gyeonggi-do, seongnam South Korea Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$2.96 (vs US$4.14 in FY 2024) Full year 2025 results: EPS: US$2.96 (down from US$4.14 in FY 2024). Revenue: US$6.18b (down 1.4% from FY 2024). Net income: US$283.0m (down 32% from FY 2024). Profit margin: 4.6% (down from 6.6% in FY 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Feb 03
Doosan Bobcat Inc. to Report Fiscal Year 2025 Results on Feb 11, 2026 Doosan Bobcat Inc. announced that they will report fiscal year 2025 results on Feb 11, 2026 Announcement • Jan 06
Doosan Bobcat Inc. Introduces Smarter Machines for Simpler Operation at CES 2026 Doosan Bobcat Inc. unveiled a suite of groundbreaking technologies at CES 2026 to transform how work gets done. Engineered for simplicity and productivity, these innovations aim to make equipment operation more intuitive, empowering operators to accomplish more with confidence. The new solutions integrate artificial intelligence, electrification, autonomy and connectivity into a scalable system of solutions designed to support operators, technicians and fleet owners alike. At the center of Bobcat's CES 2026 announcement is Bobcat Jobsite Companion, a first-of-its-kind, AI-enabled feature for compact construction equipment. Service.AI: AI-Powered Support for Faster Repairs and More Uptime Bobcat also announced Service.AI, an AI-powered service and support platform designed to minimize equipment downtime by giving dealers and technicians instant access to Bobcat's full repair expertise. With Service.AI, Bobcat dealers and technicians can instantly retrieve repair manuals and warranty details, receive real-time diagnostic guidance, and leverage Bobcat's extensive archive of historical cases for faster troubleshooting. This prototype technology delivers the expertise of a master technician--providing step-by-step guidance to streamline the service process and complete repairs efficiently. By simplifying complex diagnostics, Service.AI not only accelerates repair timelines but helps to address the ongoing labor shortage. Bobcat showcased its prototype Collision Warning and Avoidance System, the first and only system in development for the compact equipment industry designed to actively slow or stop a machine before a collision occurs. Using advanced imaging radar, the system tracks the position, direction and speed of surrounding objects in real time. Building on insights from RogueX and RogueX2, RogueX3's innovative design has already generated multiple pending patents that will shape the future of Bobcat's product lineup. Powering Bobcat's electric future is the Bobcat Standard Unit Pack (BSUP), a fast-charging, modular battery system engineered for rugged jobsite conditions. BSUP units are: Stackable and designed to fit the space constraints of compact equipment like loaders, excavators and forklifts. Designed for dusty, dirty and high-impact environments. Scalable across Bobcat equipment and available to other OEMs. By enabling flexible, cleaner and quieter operations, BSUP will serve as a foundational building block for the next generation of electric construction equipment. Together, Bobcat Jobsite Companion, Service.AI, Collision Warning and Avoidance, Advanced Display Technology, RogueX3 and BSUP form an integrated system of solutions set to redefine what's possible on the modern jobsite. Products and technologies featured at CES are showcased as prototypes or concept models, highlighting the innovation shaping the future. While not commercially available at present, several are advancing toward commercialization. Announcement • Dec 12
Doosan Bobcat to Unveil a Series of Groundbreaking Technologies at CES 2026 Doosan Bobcat will unveil a series of groundbreaking technologies at CES 2026 that bring artificial intelligence out of the cloud and onto the jobsite, delivering smarter, more intuitive equipment designed to simplify the operator experience. As the construction industry faces major shifts, Bobcat is solving against three critical challenges to support the future of work: Transitions in the construction industry workforce; Inconvenient equipment downtime; Increasing jobsite complexity. At CES, Bobcat will preview innovations built specifically to address these priorities with accessible, human-first design. The industry is at a critical inflection point: 41% of the U.S. construction workforce is expected to retire by 31, taking decades of expertise with them. Bobcat will introduce AI-driven capabilities intended to simplify equipment operation for the next generation of workers. These advancements will deliver real-time guidance and simplify complex tasks for novice operators, while helping experienced operators boost productivity and enhance precision. Equipment downtime slows progress and reduces productivity--especially for owners relying on a single machine to complete the job. Bobcat will showcase an AI-powered innovation that accelerates diagnostics and troubleshooting by giving technicians fast access to machine insights, historical repair knowledge and guided support, helping keep equipment up and running and jobs moving forward. Modern jobsites are becoming increasingly complex. Bobcat will preview radar technology designed to aid operator awareness, detect hazards and help the operator address collision risks through real-time monitoring and interventions. In addition to these AI-driven advancements, Bobcat will also debut: A next-generation operator display experience that integrates essential jobsite information directly into the operator's field of view; A forward-looking concept machine; A rugged, stackable electric power system for compact equipment. Together, these technologies represent Bobcat's vision for bringing AI and next-generation intelligence to where it matters most: on the ground, in the machine and in the hands of the people doing the work. Full details and demonstrations will be revealed during Bobcat's CES Media Days press conference on Jan. 5 at 2 p.m. in Mandalay Bay I, with immersive experiences available in the Doosan booth at the Las Vegas Convention Center, West Hall 5840. According to a report from the Association of Equipment Manufacturers. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: US$0.62 (vs US$0.47 in 3Q 2024) Third quarter 2025 results: EPS: US$0.62 (up from US$0.47 in 3Q 2024). Revenue: US$1.53b (up 17% from 3Q 2024). Net income: US$59.7m (up 28% from 3Q 2024). Profit margin: 3.9% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 06
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 13 November 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.8%). Higher than average of industry peers (0.9%). Price Target Changed • Nov 03
Price target increased by 10% to ₩74,250 Up from ₩67,375, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ₩61,700. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₩4,360 for next year compared to ₩6,109 last year. Announcement • Oct 24
Doosan Bobcat Inc. to Report Nine Months, 2025 Results on Oct 30, 2025 Doosan Bobcat Inc. announced that they will report nine months, 2025 results on Oct 30, 2025 Upcoming Dividend • Jul 31
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 07 August 2025. Payment date: 26 August 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Price Target Changed • Jul 30
Price target increased by 13% to ₩67,625 Up from ₩59,813, the current price target is an average from 8 analysts. New target price is 22% above last closing price of ₩55,300. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩5,069 for next year compared to ₩6,109 last year. Price Target Changed • Jun 25
Price target increased by 7.2% to ₩59,813 Up from ₩55,813, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₩60,900. The company is forecast to post earnings per share of ₩5,377 for next year compared to ₩6,109 last year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩61,800, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 128% over the past three years. Price Target Changed • May 09
Price target increased by 8.3% to ₩57,313 Up from ₩52,938, the current price target is an average from 8 analysts. New target price is 21% above last closing price of ₩47,350. The company is forecast to post earnings per share of US$3.85 for next year compared to US$4.14 last year. Upcoming Dividend • May 01
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 27 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (4.0%). Higher than average of industry peers (1.1%). Announcement • Apr 25
Doosan Bobcat Inc. announces Annual dividend, payable on May 27, 2025 Doosan Bobcat Inc. announced Annual dividend of KRW 400.0000 per share payable on May 27, 2025, ex-date on May 08, 2025 and record date on May 09, 2025. Announcement • Apr 24
Doosan Bobcat Inc. to Report Q1, 2025 Results on Apr 28, 2025 Doosan Bobcat Inc. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.14 (down from US$7.05 in FY 2023). Revenue: US$6.27b (down 16% from FY 2023). Net income: US$413.0m (down 42% from FY 2023). Profit margin: 6.6% (down from 9.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to stay flat during the next 2 years compared to a 15% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
Doosan Bobcat Inc., Annual General Meeting, Mar 26, 2025 Doosan Bobcat Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 155, jeongjail-ro, bundang-gu, gyeonggi-do, seongnam South Korea Price Target Changed • Feb 18
Price target increased by 7.6% to ₩54,500 Up from ₩50,667, the current price target is an average from 9 analysts. New target price is 9.0% above last closing price of ₩50,000. Reported Earnings • Feb 15
Full year 2024 earnings released Full year 2024 results: Revenue: US$6.27b (down 16% from FY 2023). Net income: US$413.0m (down 42% from FY 2023). Profit margin: 6.6% (down from 9.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 17% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩51,700, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 52% over the past three years. Price Target Changed • Nov 29
Price target decreased by 14% to ₩46,278 Down from ₩53,938, the current price target is an average from 9 analysts. New target price is 19% above last closing price of ₩38,850. The company is forecast to post earnings per share of ₩5,428 for next year compared to ₩9,131 last year. New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% 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 0.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$1.14 (down from US$2.35 in 2Q 2023). Revenue: US$1.63b (down 20% from 2Q 2023). Net income: US$114.5m (down 51% from 2Q 2023). Profit margin: 7.0% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩40,650, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 3.2% over the past three years. Major Estimate Revision • Jul 26
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$7.00m to US$6.72m. EPS estimate also fell from US$5.61 per share to US$5.01 per share. Net income forecast to shrink 27% next year vs 27% growth forecast for Machinery industry in South Korea . Consensus price target down from ₩61,125 to ₩58,125. Share price fell 14% to ₩42,500 over the past week. Price Target Changed • Jul 24
Price target decreased by 8.3% to ₩59,875 Down from ₩65,313, the current price target is an average from 8 analysts. New target price is 27% above last closing price of ₩47,050. Stock is down 22% over the past year. The company is forecast to post earnings per share of US$5.61 for next year compared to US$7.05 last year. Announcement • Jul 20
Doosan Bobcat Inc. to Report Q2, 2024 Results on Jul 24, 2024 Doosan Bobcat Inc. announced that they will report Q2, 2024 results on Jul 24, 2024 Announcement • Jun 13
Doosan Bobcat Inc. (KOSE:A241560) agreed to acquire Mottrol Co., Ltd for approximately KRW 250 billion . Doosan Bobcat Inc. (KOSE:A241560) agreed to acquire Mottrol Co., Ltd for approximately KRW 250 billion on June 12, 2024. A cash consideration of KRW 246 billion will be paid by Doosan Bobcat Inc. As of December 31, 2023, Mottrol Co., Ltd reported total assets of KRW 294.31 billion and total common equity of KRW 228.54 billion. The expected completion of the transaction is September 30, 2024. Reported Earnings • May 15
First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2024 results: EPS: US$1.63 (up from US$1.62 in 1Q 2023). Revenue: US$1.80b (down 4.4% from 1Q 2023). Net income: US$163.2m (flat on 1Q 2023). Profit margin: 9.1% (up from 8.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Doosan Bobcat Inc. to Report Q1, 2024 Results on Apr 29, 2024 Doosan Bobcat Inc. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Mar 04
Doosan Bobcat Inc., Annual General Meeting, Mar 25, 2024 Doosan Bobcat Inc., Annual General Meeting, Mar 25, 2024, at 09:00 Korea Standard Time. Location: Grand Auditorium, 2F, S Bldg., Bundang Doosan Tower, 155 Jeongjail-ro, Bundang-gu Seongnam si Gyeonggi-do South Korea Agenda: To consider and approve Financial Statements for the 10th fiscal term; to consider and approve the appointment of Cho, Duck Je, as Inside Director; to consider and approve the appointment of Lee, Doo Hee, as Outside Director for Audit Committee Member; to consider and approve the director remuneration Limit; and to consider other business matters. Announcement • Jan 19
Doosan Bobcat Inc. to Report Q4, 2023 Results on Feb 07, 2024 Doosan Bobcat Inc. announced that they will report Q4, 2023 results on Feb 07, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩50,200, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Machinery industry in South Korea. Total returns to shareholders of 85% over the past three years. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% 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 8.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Nov 01
Price target decreased by 7.3% to ₩71,125 Down from ₩76,750, the current price target is an average from 8 analysts. New target price is 87% above last closing price of ₩38,050. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₩8,695 for next year compared to ₩6,421 last year. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩38,750, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Machinery industry in South Korea. Total returns to shareholders of 34% over the past three years. Announcement • Oct 25
Doosan Bobcat Inc. to Report Q3, 2023 Results on Oct 27, 2023 Doosan Bobcat Inc. announced that they will report Q3, 2023 results on Oct 27, 2023 Major Estimate Revision • Jul 27
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩8,292 to ₩9,211. Revenue forecast steady at ₩9.88b. Net income forecast to grow 19% next year vs 40% growth forecast for Machinery industry in South Korea. Consensus price target broadly unchanged at ₩73,250. Share price fell 5.2% to ₩56,200 over the past week. Announcement • Jul 24
Doosan Bobcat Inc. to Report Q2, 2023 Results on Jul 26, 2023 Doosan Bobcat Inc. announced that they will report Q2, 2023 results on Jul 26, 2023 Announcement • Jul 01
Doosan Bobcat Appoints Gary Hornbacher as New President for Europe, Middle East and Africa Region, Effective July 1, 2023 Doosan Bobcat announced the appointment of Gary Hornbacher as the company's new President for the Europe, Middle East and Africa (EMEA) region. Hornbacher assumes his new role effective July 1, 2023 and will report to Scott Park, CEO and Vice Chairman of Doosan Bobcat. He will be based in Dobris, Czech Republic, where the company has consolidated its manufacturing facility, R&D centre, training institute and EMEA headquarters onto one campus spanning an area of 120,000 sq m. Hornbacher has served in a diverse number of roles during his 36-year tenure with Doosan Bobcat. He brings extensive experience in sales and marketing, product management, strategy and total quality management. His most recent position before coming to EMEA was as Vice President of Channel Development & Training at Doosan Bobcat North America. In this role, he will focus on a people-first culture by creating a collaborative environment where people can thrive and by leveraging individuals' talents to accomplish amazing achievements. Upcoming Dividend • Jun 22
Upcoming dividend of ₩600 per share at 2.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.0%). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩2,066 (vs ₩1,000 in 1Q 2022) First quarter 2023 results: EPS: ₩2,066 (up from ₩1,000 in 1Q 2022). Revenue: ₩2.41t (up 47% from 1Q 2022). Net income: ₩207.5b (up 107% from 1Q 2022). Profit margin: 8.6% (up from 6.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 04
Price target increased by 9.4% to ₩60,000 Up from ₩54,833, the current price target is an average from 6 analysts. New target price is 15% above last closing price of ₩52,000. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₩7,652 for next year compared to ₩6,421 last year. Major Estimate Revision • May 03
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩8.71b to ₩9.85b. EPS estimate increased from ₩5,923 to ₩7,652 per share. Net income forecast to grow 14% next year vs 28% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩54,833 to ₩57,833. Share price rose 8.7% to ₩51,400 over the past week. Board Change • Apr 01
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. 4 experienced directors. 2 highly experienced directors. Independent Outside Director Ji Kwang Choi was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₩6,421 (up from ₩3,845 in FY 2021). Revenue: ₩8.62t (up 48% from FY 2021). Net income: ₩644.1b (up 67% from FY 2021). Profit margin: 7.5% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Price Target Changed • Mar 08
Price target increased by 8.6% to ₩50,500 Up from ₩46,500, the current price target is an average from 6 analysts. New target price is 21% above last closing price of ₩41,600. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₩5,280 for next year compared to ₩3,845 last year. Announcement • Feb 04
Doosan Bobcat Inc. to Report Q4, 2022 Results on Feb 08, 2023 Doosan Bobcat Inc. announced that they will report Q4, 2022 results on Feb 08, 2023 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩34,250, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Machinery industry in South Korea. Total returns to shareholders of 12% over the past three years. Price Target Changed • Nov 29
Price target decreased to ₩46,700 Down from ₩51,250, the current price target is an average from 5 analysts. New target price is 13% above last closing price of ₩41,350. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₩5,380 for next year compared to ₩3,845 last year. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₩35,200, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Machinery industry in South Korea. Total returns to shareholders of 17% over the past three years. Major Estimate Revision • Oct 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩7.67b to ₩8.96b. EPS estimate unchanged from ₩5,537 at last update. Machinery industry in South Korea expected to see average net income growth of 47% next year. Consensus price target of ₩48,750 unchanged from last update. Share price rose 9.9% to ₩33,250 over the past week. Major Estimate Revision • Oct 05
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩8.24b to ₩7.67b. EPS estimate also fell from ₩5,976 per share to ₩5,234 per share. Net income forecast to grow 31% next year vs 38% growth forecast for Machinery industry in South Korea. Consensus price target broadly unchanged at ₩50,417. Share price rose 3.5% to ₩29,200 over the past week. Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩7.37b to ₩7.53b. EPS estimate increased from ₩4,659 to ₩5,588 per share. Net income forecast to grow 34% next year vs 47% growth forecast for Machinery industry in South Korea. Consensus price target broadly unchanged at ₩51,583. Share price rose 3.2% to ₩31,100 over the past week. Announcement • Jan 06
Doosan Bobcat Unveils World's First All-Electric Compact Machine to Power the Future of Work At CES 2022 Doosan Bobcat unveiled its new, all-electric Bobcat T7X compact track loader at CES® 2022, the world's most influential technology event. The T7X is the first machine of its kind to be fully electric, offering the full benefits of eliminating hydraulic systems, components, emissions and vibrations – all while providing cleaner, quieter machines. The Bobcat T7X is the world's first all-electric compact track loader. This machine is fully battery-powered, built to be more productive from the ground up with electric actuation and propulsion, quieter with high-performance torque and more powerful than any diesel-fueled track loader that has ever come before it – all while eliminating any carbon emissions. The Advanced Technology and Design of the All-Electric T7X Compact Track Loader: The fully electric track loader operates with zero emissions, reduced sound levels, limited vibrations and lower daily operating costs; The Bobcat T7X has electric actuators and motors, so it uses only one quart of eco-friendly coolant compared to 57 gallons of fluid in its diesel/hydraulic equivalent model; The lithium-ion battery and intelligent power management system supports worksite daily operations and automatically backs off power when not needed to preserve energy use. The traditional hydraulic work group has been completely replaced with an electrical drive system consisting of electric cylinders and electric drive motors, which means virtually no fluids. The new, all-electric Bobcat T7X uses only one quart of eco-friendly coolant compared to 57 gallons of fluid in its diesel/hydraulic equivalent model. The all-electric platform enables instantaneous power and peak torque available at every operating speed. The operator no longer must wait for the standard hydraulic system to build up power. The T7X operates with zero emissions and reduced noise and vibration generated by the machine. It works quietly and efficiently in noise sensitive areas and indoors, which significantly lowers sound levels and improves the working environment. It can also significantly lower daily operating costs, when considering the reduction in annual maintenance costs and elimination of diesel, engine oil, diesel exhaust fluid and hydraulic parts. At the heart of the T7X is a powerful 62KW lithium-ion battery from technology partner Green Machine Equipment Inc. While applications vary, each charge can support common daily work operations and the use of intelligent work modes for up to four hours of continuous operation time and a full day of operation during intermittent use. The intelligence of the power management system is programmed to sense when loads are increasing, automatically backing off power when not needed to preserve the total energy use and extend the machine's runtime. While the new T7X is eco-designed, it is also a smart machine featuring the software connectivity Bobcat equipment is known for via two-way telematics communications. The platform provides integral data about the performance of the machine, along with operator-focused data to change machine preferences, tune the performance to certain job situations and upgrade product features. This includes variable drive speed at full torque and other features not possible with a diesel hydraulic machine. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₩43,000, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Machinery industry in South Korea. Total returns to shareholders of 37% over the past three years. Price Target Changed • Apr 28
Price target increased to ₩49,100 Up from ₩42,950, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₩47,650. Stock is up 103% over the past year. Price Target Changed • Mar 30
Price target increased to ₩41,750 Up from ₩38,800, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₩40,350. Stock is up 125% over the past year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 18% share price gain to ₩42,100, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩45,066 per share. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS ₩2,466 (vs ₩2,716 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩4.28t (down 5.0% from FY 2019). Net income: ₩247.5b (down 9.1% from FY 2019). Profit margin: 5.8% (down from 6.0% 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 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 05
Doosan Bobcat Inc., Annual General Meeting, Mar 24, 2021 Doosan Bobcat Inc., Annual General Meeting, Mar 24, 2021, at 09:01 Korea Standard Time. Announcement • Feb 05
Doosan Bobcat Inc. to Report Fiscal Year 2020 Results on Feb 08, 2021 Doosan Bobcat Inc. announced that they will report fiscal year 2020 results on Feb 08, 2021 Is New 90 Day High Low • Jan 27
New 90-day high: ₩33,900 The company is up 20% from its price of ₩28,350 on 29 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩46,913 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩600 Per Share Will be paid on the 23rd of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.1% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.8%). Is New 90 Day High Low • Nov 10
New 90-day high: ₩32,350 The company is up 10.0% from its price of ₩29,450 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩43,325 per share. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 17% share price gain to ₩32,150, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 15x. This compares to an average P/E of 19x in the Machinery industry in South Korea. Total return to shareholders over the past three years is a loss of 5.7%. Is New 90 Day High Low • Oct 19
New 90-day high: ₩29,700 The company is up 8.0% from its price of ₩27,600 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩38,092 per share. Announcement • Jul 26
Doosan Bobcat Inc. to Report Q2, 2020 Results on Jul 24, 2020 Doosan Bobcat Inc. announced that they will report Q2, 2020 results on Jul 24, 2020