New Risk • Jun 30
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: 3.9% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 22
Upcoming dividend of ₩35.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of South Korean dividend payers (4.2%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,745, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 22% over the past year. Announcement • Jun 02
Pond Group Co., Ltd. (KOSDAQ:A472850) announces an Equity Buyback. Pond Group Co., Ltd. (KOSDAQ:A472850) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,300 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on December 2, 2026. Announcement • Mar 17
Pond Group Co., Ltd., Annual General Meeting, Mar 31, 2026 Pond Group Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 76, yeouinaru-ro, yeongdeungpo-gu, seoul South Korea New Risk • Mar 04
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 10% 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 (40% net debt to equity). Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,190, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 64% over the past year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩7,180, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 115% over the past year. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩10,300, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 120% over the past year. New Risk • Nov 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% 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 (40% net debt to equity). Less than 3 years of financial data is available. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩147 (vs ₩377 in 3Q 2024) Third quarter 2025 results: EPS: ₩147 (down from ₩377 in 3Q 2024). Revenue: ₩90.8b (down 34% from 3Q 2024). Net income: ₩4.73b (down 61% from 3Q 2024). Profit margin: 5.2% (down from 8.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 118% p.a. on average during the next 3 years, while revenues in the Luxury industry in South Korea are expected to grow by 1.3%. New Risk • Aug 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Less than 3 years of financial data is available. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩10,480, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 101% over the past year. New Risk • Jun 16
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 10% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩11,190, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 115% over the past year. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩8,480, the stock trades at a trailing P/E ratio of 10.9x. Average trailing 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 • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,980, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 16% over the past year. Buy Or Sell Opportunity • Apr 07
Now 26% undervalued Over the last 90 days, the stock has risen 4.1% to ₩5,380. The fair value is estimated to be ₩7,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 1,005% over the last year. Earnings per share has grown by 783%. New Risk • Mar 22
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. Announcement • Mar 18
Pond Group Co., Ltd., Annual General Meeting, Mar 31, 2025 Pond Group Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 76, yeouinaru-ro, yeongdeungpo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,130, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 12% over the past year. New Risk • Nov 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩6,730, the stock trades at a trailing P/E ratio of 76.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. New Risk • Sep 26
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 9.5% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (9.5% average weekly change). Announcement • Aug 20
Pond Group Co., Ltd. (KOSDAQ:A472850) acquired Most Inc. Pond Group Co., Ltd. (KOSDAQ:A472850) acquired Most Inc. on August 19, 2024.
Pond Group Co., Ltd. (KOSDAQ:A472850) completed the acquisition of Most Inc. on August 19, 2024. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,510, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 7x in the Luxury industry in South Korea.