Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,526, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 46% over the past three years. Board Change • May 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: ₩62.00 (vs ₩140 in FY 2024) Full year 2025 results: EPS: ₩62.00 (down from ₩140 in FY 2024). Revenue: ₩93.5b (down 6.0% from FY 2024). Net income: ₩2.81b (down 56% from FY 2024). Profit margin: 3.0% (down from 6.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Announcement • Mar 12
SG Global Co.,Ltd., Annual General Meeting, Mar 26, 2026 SG Global Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 440, yeonginsan-ro, chungcheongnam-do, asan South Korea 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 ₩1,341, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 12x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,578, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 9.3% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩8.00 loss per share (vs ₩86.00 loss in 3Q 2024) Third quarter 2025 results: ₩8.00 loss per share (improved from ₩86.00 loss in 3Q 2024). Revenue: ₩15.9b (up 4.6% from 3Q 2024). Net loss: ₩380.3m (loss narrowed 85% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩35.00 (vs ₩64.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩35.00 (down from ₩64.00 in 2Q 2024). Revenue: ₩27.5b (down 4.6% from 2Q 2024). Net income: ₩1.57b (down 46% from 2Q 2024). Profit margin: 5.7% (down from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ₩29.00 (vs ₩79.00 in 1Q 2024) First quarter 2025 results: EPS: ₩29.00 (down from ₩79.00 in 1Q 2024). Revenue: ₩23.1b (down 8.6% from 1Q 2024). Net income: ₩1.32b (down 63% from 1Q 2024). Profit margin: 5.7% (down from 14% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩1,973, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to ₩2,255, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 11% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₩140 (vs ₩449 in FY 2023) Full year 2024 results: EPS: ₩140 (down from ₩449 in FY 2023). Revenue: ₩99.4b (up 3.0% from FY 2023). Net income: ₩6.32b (down 69% from FY 2023). Profit margin: 6.4% (down from 21% in FY 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 08
SG Global Co.,Ltd., Annual General Meeting, Mar 27, 2025 SG Global Co.,Ltd., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 440, yeonginsan-ro, yeongin-myeon, chungcheongnam-do, asan South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩2,910, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 64% over the past three years. New Risk • Feb 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩143.4b (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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (₩143.4b market cap, or US$99.5m). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,875, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩3,380, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩3,125, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩2,960, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 86% over the past three years. Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩86.00 loss per share (vs ₩9.00 profit in 3Q 2023) Third quarter 2024 results: ₩86.00 loss per share (down from ₩9.00 profit in 3Q 2023). Revenue: ₩15.2b (down 28% from 3Q 2023). Net loss: ₩2.56b (down ₩2.99b from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Nov 15
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 14% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (₩137.6b market cap, or US$98.7m). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,475, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • Sep 17
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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (₩122.3b market cap, or US$93.0m). New Risk • Aug 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (₩112.9b market cap, or US$85.2m). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,320, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,640, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,310, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 40% over the past three years. New Risk • Apr 11
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 8.3% 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 Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩91.1b market cap, or US$66.7m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,060, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: ₩449 (vs ₩54.00 loss in FY 2022) Full year 2023 results: EPS: ₩449 (up from ₩54.00 loss in FY 2022). Revenue: ₩96.6b (up 43% from FY 2022). Net income: ₩20.2b (up ₩22.6b from FY 2022). Profit margin: 21% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩1,947, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 24% over the past three years. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩9.00 (vs ₩12.00 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩9.00 (up from ₩12.00 loss in 3Q 2022). Revenue: ₩21.0b (up 26% from 3Q 2022). Net income: ₩432.0m (up ₩960.1m from 3Q 2022). Profit margin: 2.1% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,384, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 25% over the past three years. New Risk • Sep 10
New major risk - Revenue and earnings growth Earnings have declined by 67% 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 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩68.2b market cap, or US$51.0m). Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩40.00 (vs ₩15.00 loss in 1Q 2022) First quarter 2023 results: EPS: ₩40.00 (up from ₩15.00 loss in 1Q 2022). Revenue: ₩21.3b (up 35% from 1Q 2022). Net income: ₩1.80b (up ₩2.48b from 1Q 2022). Profit margin: 8.4% (up from net loss in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 09
Full year 2022 earnings released: ₩54.00 loss per share (vs ₩123 loss in FY 2021) Full year 2022 results: ₩54.00 loss per share (improved from ₩123 loss in FY 2021). Revenue: ₩67.7b (up 17% from FY 2021). Net loss: ₩2.45b (loss narrowed 56% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: ₩123 loss per share (down from ₩9.25 loss in FY 2020). Revenue: ₩57.8b (down 32% from FY 2020). Net loss: ₩5.55b (loss widened ₩5.14b from FY 2020). Revenue missed analyst estimates by 1.4%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 10
Full year 2020 earnings released: ₩9.25 loss per share (vs ₩112 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: ₩85.1b (down 8.6% from FY 2019). Net loss: ₩415.6m (down 108% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 07
New 90-day high: ₩2,420 The company is up 25% from its price of ₩1,940 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: ₩2,195 The company is up 30% from its price of ₩1,685 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 Luxury industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ₩2,080 The company is up 12% from its price of ₩1,860 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 10.0% over the same period. Announcement • Sep 26
SG Choongbang Co.,Ltd (KOSE:A001380) agreed to acquire additional approximately 17% stake in Flexio for KRW 2.1 billion. SG Choongbang Co.,Ltd (KOSE:A001380) agreed to acquire additional approximately 17% stake in Flexio for KRW 2.1 billion on October 8, 2019. As reported, SG Choongbang Co.,Ltd will issue 1.06 million shares as consideration. Pre deal, SG Choongbang Co.,Ltd held 34.2% stake and post deal, it will hold 51.2% stake in Flexio. For the year ending 2018, Flexio reported total assets of KRW 1.9 billion, total capital of KRW 750 million, sales of KRW 771 million and net loss of KRW 1.4 billion. The Board of Directors of SG Choongbang Co.,Ltd passed a resolution for the deal on October 8, 2019. The deal is expected to close on October 23, 2019.