New Risk • Mar 24
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: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (₩103.4b market cap, or US$69.2m). Announcement • Feb 25
The Nature Holdings Co., Ltd., Annual General Meeting, Mar 25, 2026 The Nature Holdings Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 10, saechang-ro 44-gil, yongsan-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 73% and the cash payout ratio is 84%. Trailing yield: 5.4%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Declared Dividend • Nov 08
Dividend of ₩500 announced Dividend of ₩500 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 5.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 20% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 23% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years. Announcement • Nov 07
The Nature Holdings Co., Ltd. announces Annual dividend, payable on April 14, 2026 The Nature Holdings Co., Ltd. announced Annual dividend of KRW 500.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Oct 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩142.1b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (₩142.1b market cap, or US$99.5m). New Risk • Aug 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 96% Dividend yield: 4.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Profit margins are more than 30% lower than last year (2.1% net profit margin). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩13,000, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 48% over the past three years. New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin). Announcement • Feb 18
The Nature Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025 The Nature Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 10, saechang-ro 44-gil, yongsan-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 15 April 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,490, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Luxury industry in South Korea. Total loss to shareholders of 65% over the past three years. New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (₩139.7b market cap, or US$99.3m). Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from ₩3,591 to ₩2,479. Revenue forecast reaffirmed at ₩589.0m. Net income forecast to grow 33% next year vs 33% growth forecast for Luxury industry in South Korea. Consensus price target down from ₩20,000 to ₩17,000. Share price was steady at ₩10,700 over the past week. Major Estimate Revision • May 18
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩3,421 to ₩3,791. Revenue forecast steady at ₩597.0m. Net income forecast to grow 17% next year vs 26% growth forecast for Luxury industry in South Korea. Consensus price target of ₩20,000 unchanged from last update. Share price was steady at ₩14,770 over the past week. Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩565.0m to ₩552.9m. EPS estimate also fell from ₩3,788 per share to ₩3,217 per share. Net income forecast to shrink 6.9% next year vs 15% growth forecast for Luxury industry in South Korea . Consensus price target down from ₩27,500 to ₩22,000. Share price fell 10.0% to ₩15,390 over the past week. Upcoming Dividend • Dec 20
Upcoming dividend of ₩400 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). Major Estimate Revision • Nov 25
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩597.4m to ₩565.0m. EPS estimate also fell from ₩4,519 per share to ₩3,788 per share. Net income forecast to shrink 6.3% next year vs 2.1% growth forecast for Luxury industry in South Korea . Consensus price target down from ₩30,000 to ₩27,500. Share price was steady at ₩18,430 over the past week. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩18,830, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Luxury industry in South Korea. Total loss to shareholders of 9.8% over the past three years. Price Target Changed • Jul 11
Price target decreased by 16% to ₩36,000 Down from ₩43,000, the current price target is provided by 1 analyst. New target price is 58% above last closing price of ₩22,750. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₩5,312 for next year compared to ₩4,717 last year. Price Target Changed • May 26
Price target decreased by 13% to ₩40,000 Down from ₩46,000, the current price target is provided by 1 analyst. New target price is 54% above last closing price of ₩25,950. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₩5,726 for next year compared to ₩4,717 last year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩31,850, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Luxury industry in South Korea. Total loss to shareholders of 7.6% over the past year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 06 April 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.1%). Price Target Changed • Dec 07
Price target increased to ₩46,000 Up from ₩42,000, the current price target is provided by 1 analyst. New target price is 47% above last closing price of ₩31,350. Stock is up 6.5% over the past year. The company is forecast to post earnings per share of ₩6,147 for next year compared to ₩4,009 last year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₩31,700, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩26,768 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 07 April 2022. Payout ratio is a comfortable 6.9% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₩31,650, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₩36,550, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 81% over the past year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩61,600, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Luxury industry in South Korea. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 15% share price gain to ₩62,900, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Luxury industry in South Korea. Is New 90 Day High Low • Feb 15
New 90-day high: ₩47,200 The company is up 1.0% from its price of ₩46,950 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩180,467 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₩45,550, the stock is trading at a trailing P/E ratio of 8.2x, up from the previous P/E ratio of 7.1x. This compares to an average P/E of 17x in the Luxury industry in South Korea. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 20% share price gain to ₩47,800, the stock is trading at a trailing P/E ratio of 13.7x, up from the previous P/E ratio of 11.5x. This compares to an average P/E of 14x in the Luxury industry in South Korea.