New Risk • Jun 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩15.1b (US$9.81m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (₩15.1b market cap, or US$9.81m). Announcement • Mar 13
SJ Group Co., Ltd., Annual General Meeting, Mar 26, 2026 SJ Group Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 156, dogok-ro, gangnam-gu, seoul South Korea New Risk • Dec 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 11% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 323% Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩45.6b market cap, or US$31.2m). Buy Or Sell Opportunity • Aug 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to ₩4,565. The fair value is estimated to be ₩3,728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 16
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 4.1% to ₩4,735. The fair value is estimated to be ₩3,733, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to ₩4,495. The fair value is estimated to be ₩3,705, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 21
Now 20% overvalued Over the last 90 days, the stock has fallen 3.4% to ₩4,640. The fair value is estimated to be ₩3,851, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 22
Full year 2024 earnings released: ₩289 loss per share (vs ₩1,348 profit in FY 2023) Full year 2024 results: ₩289 loss per share (down from ₩1,348 profit in FY 2023). Revenue: ₩181.8b (down 11% from FY 2023). Net loss: ₩2.78b (down 121% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
SJ Group Co., Ltd., Annual General Meeting, Mar 26, 2025 SJ Group Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 156, dogok-ro, gangnam-gu, seoul South Korea Buy Or Sell Opportunity • Feb 25
Now 21% overvalued Over the last 90 days, the stock has fallen 7.6% to ₩4,785. The fair value is estimated to be ₩3,951, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 42%. Buy Or Sell Opportunity • Jan 02
Now 23% overvalued Over the last 90 days, the stock has fallen 23% to ₩5,050. The fair value is estimated to be ₩4,115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 42%. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩47.9b market cap, or US$33.4m). Buy Or Sell Opportunity • Dec 10
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to ₩5,050. The fair value is estimated to be ₩4,122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 42%. New Risk • Dec 03
New major risk - Revenue and earnings growth Earnings have declined by 3.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 323% Paying a dividend despite having no free cash flows. Earnings have declined by 3.4% 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 (0.4% net profit margin). Market cap is less than US$100m (₩51.6b market cap, or US$36.8m). Announcement • Jul 12
SJ Group Co., Ltd. (KOSDAQ:A306040) announces an Equity Buyback for KRW 3,000 million worth of its shares. SJ Group Co., Ltd. (KOSDAQ:A306040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with NH Securities Co., Ltd. The purpose of the program is to enhance the shareholders' value and stabilize stock price. The program will end on January 11, 2025. As of July 10, 2024, the company had 120,482 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 5.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). New Risk • Nov 30
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: 8.2% Last year net profit margin: 16% 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 (8.2% net profit margin). Market cap is less than US$100m (₩88.1b market cap, or US$67.9m). New Risk • Aug 26
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: 10% Last year net profit margin: 16% 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 (10% net profit margin). Market cap is less than US$100m (₩98.2b market cap, or US$74.2m). Reported Earnings • Mar 26
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₩2,974 (up from ₩2,365 in FY 2021). Revenue: ₩197.9b (up 32% from FY 2021). Net income: ₩29.1b (up 26% from FY 2021). Profit margin: 15% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩450 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%). Price Target Changed • Dec 03
Price target decreased to ₩30,000 Down from ₩37,000, the current price target is provided by 1 analyst. New target price is 85% above last closing price of ₩16,200. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩3,214 for next year compared to ₩2,365 last year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩15,200, 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 40% over the past year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩17,800, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Luxury industry in South Korea. Total loss to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩19,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Luxury industry in South Korea. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 15% share price gain to ₩24,000, 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 33% over the past year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩140 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Price Target Changed • Jul 15
Price target increased to ₩36,500 Up from ₩32,750, the current price target is an average from 7 analysts. New target price is 26% above last closing price of ₩28,900. Stock is up 43% over the past year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 23% share price gain to ₩31,000, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Luxury industry in South Korea. Total returns to shareholders of 89% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩39,141 per share. Price Target Changed • Mar 21
Price target increased to ₩25,333 Up from ₩22,667, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₩22,950. Stock is up 109% over the past year. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 19% share price gain to ₩21,750, 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 17x in the Luxury industry in South Korea. Total returns to shareholders over the past year are 11%. Is New 90 Day High Low • Feb 15
New 90-day high: ₩19,600 The company is up 29% from its price of ₩15,200 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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 ₩46,323 per share. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₩18,600, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 10x. This compares to an average P/E of 16x in the Luxury industry in South Korea. Total return to shareholders over the past year is a loss of 9.6%. Is New 90 Day High Low • Jan 13
New 90-day high: ₩17,800 The company is up 15% from its price of ₩15,500 on 15 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩47,797 per share. Is New 90 Day High Low • Sep 25
New 90-day low: ₩15,000 The company is down 24% from its price of ₩19,633 on 26 June 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury 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 ₩42,719 per share.