Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,750, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 12x in the Consumer Durables industry in South Korea. Total returns to shareholders of 45% over the past three years. New Risk • Mar 14
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: 2.8% Last year net profit margin: 8.7% 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 (2.8% net profit margin). Market cap is less than US$100m (₩49.7b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩3,150, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 4.5% over the past three years. Announcement • Mar 04
BG T&A Co., Annual General Meeting, Mar 30, 2026 BG T&A Co., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 166, gosan-ro, gyeonggi-do, gunpo South Korea Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,150, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total returns to shareholders of 40% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.9%). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩35.00 (vs ₩210 in 3Q 2024) Third quarter 2025 results: EPS: ₩35.00 (down from ₩210 in 3Q 2024). Revenue: ₩37.2b (down 14% from 3Q 2024). Net income: ₩2.21b (down 34% from 3Q 2024). Profit margin: 5.9% (down from 7.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 176% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
BG T&A Co. announces Annual dividend, payable on April 14, 2026 BG T&A Co. announced Annual dividend of KRW 100.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₩35.00 (vs ₩178 in 2Q 2024) Second quarter 2025 results: EPS: ₩35.00 (down from ₩178 in 2Q 2024). Revenue: ₩38.0b (up 10% from 2Q 2024). Net income: ₩569.4m (down 80% from 2Q 2024). Profit margin: 1.5% (down from 8.4% in 2Q 2024). The decrease in margin was 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 1% per year, which means it is significantly lagging earnings. Announcement • Mar 08
BG T&A Co., Annual General Meeting, Mar 28, 2025 BG T&A Co., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 166, gosan-ro, gyeonggi-do, gunpo South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,600, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 22% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.8%). 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. Market cap is less than US$100m (₩34.3b market cap, or US$24.1m). New Risk • Jul 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Market cap is less than US$100m (₩47.0b market cap, or US$34.0m). Announcement • May 01
BG T&A Co. (KOSDAQ:A046310) announces an Equity Buyback for KRW 1,000 million worth of its shares. BG T&A Co. (KOSDAQ:A046310) announces a share repurchase program. Under the program, the company will repurchase will repurchase up to KRW 1,000 million worth of its common stock pursuant to a trust contract with Samsung Securities. The purpose of the program is stabilization of stock price and improvement of shareholder value through acquisition of treasury stock for contractual purposes. The program will expire on October 29, 2024. As of April 29, 2024, the company had no shares held in treasury within the range available for dividends or other acquisition. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩817 (vs ₩289 in FY 2022) Full year 2023 results: EPS: ₩817 (up from ₩289 in FY 2022). Revenue: ₩170.7b (up 16% from FY 2022). Net income: ₩13.4b (up 182% from FY 2022). Profit margin: 7.9% (up from 3.2% 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 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩3,955, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 36% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: ₩289 (vs ₩354 in FY 2021) Full year 2022 results: EPS: ₩289 (down from ₩354 in FY 2021). Revenue: ₩147.6b (down 5.7% from FY 2021). Net income: ₩4.75b (down 18% from FY 2021). Profit margin: 3.2% (down from 3.7% 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 77% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩3,400, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Consumer Durables industry in South Korea. Total returns to shareholders of 24% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₩252 (vs ₩96.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩252 (up from ₩96.00 in 3Q 2021). Revenue: ₩41.5b (up 27% from 3Q 2021). Net income: ₩4.14b (up 163% from 3Q 2021). Profit margin: 10.0% (up from 4.8% 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 61% per year but the company’s share price has only increased by 2% 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩2,245, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 15% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₩26.00 (vs ₩60.00 in 2Q 2021) Second quarter 2022 results: EPS: ₩26.00 (down from ₩60.00 in 2Q 2021). Revenue: ₩33.0b (flat on 2Q 2021). Net income: ₩423.2m (down 57% from 2Q 2021). Profit margin: 1.3% (down from 3.0% in 2Q 2021). 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 5% 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 ₩2,925, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 17x in the Consumer Durables industry in South Korea. Total loss to shareholders of 1.1% 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩354 (up from ₩336 loss in FY 2020). Revenue: ₩156.5b (up 18% from FY 2020). Net income: ₩5.81b (up ₩11.2b from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. 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 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 17
Full year 2020 earnings released: ₩336 loss per share (vs ₩119 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩132.8b (down 15% from FY 2019). Net loss: ₩5.37b (down 394% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 20
New 90-day high: ₩3,590 The company is up 39% from its price of ₩2,580 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 35% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (1.1%). Is New 90 Day High Low • Dec 10
New 90-day high: ₩3,370 The company is up 28% from its price of ₩2,640 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is flat over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: ₩2,430 The company is down 17% from its price of ₩2,940 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩2,435 The company is down 13% from its price of ₩2,810 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 23% over the same period.