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 ₩17,630, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 25% over the past three years. Announcement • Feb 26
F&F Holdings Co., Ltd., Annual General Meeting, Mar 26, 2026 F&F Holdings Co., Ltd., Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 8, teheran-ro 8-gil, gangnam-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩450 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 22 April 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩20,100, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 9x in the Luxury industry in South Korea. Negligible returns to shareholders over past three years. Declared Dividend • Nov 08
Dividend of ₩450 announced Dividend of ₩450 is the same as last year. Ex-date: 29th December 2025 Payment date: 22nd April 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 80% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. Announcement • Nov 07
F&F Holdings Co., Ltd. announces Annual dividend, payable on April 22, 2026 F&F Holdings Co., Ltd. announced Annual dividend of KRW 450.0000 per share payable on April 22, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Nov 05
F&F Holdings Co., Ltd. to Report Nine Months, 2025 Results on Nov 10, 2025 F&F Holdings Co., Ltd. announced that they will report nine months, 2025 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩19,980, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Jul 04
Now 24% undervalued Over the last 90 days, the stock has risen 66% to ₩20,050. The fair value is estimated to be ₩26,308, however this is not to be taken as a buy 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 3.9%. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩21,350, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,630, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 22% over the past three years. Announcement • Apr 24
F&F Holdings Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 F&F Holdings Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩2,738 (vs ₩3,129 in FY 2023) Full year 2024 results: EPS: ₩2,738 (down from ₩3,129 in FY 2023). Revenue: ₩1.90t (down 4.4% from FY 2023). Net income: ₩107.0b (down 13% from FY 2023). Profit margin: 5.6% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 22
F&F Holdings Co., Ltd., Annual General Meeting, Mar 26, 2025 F&F Holdings Co., Ltd., Annual General Meeting, Mar 26, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 541, eonju-ro, gangnam-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: 23 April 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (3.0%). Declared Dividend • Nov 15
Dividend of ₩400 announced Shareholders will receive a dividend of ₩400. Ex-date: 27th December 2024 Payment date: 23rd April 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 85% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩17,440, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₩19,330, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 1,673% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩350 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 25 April 2024. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,570, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 1,632% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩21,100, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 1,933% over the past three years. Reported Earnings • Mar 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₩3,381 (up from ₩2,564 in FY 2021). Revenue: ₩1.82t (up 150% from FY 2021). Net income: ₩132.1b (up 137% from FY 2021). Profit margin: 7.3% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 25% 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, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 21
Upcoming dividend of ₩170 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 5.5% 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%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 23% share price gain to ₩31,150, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 2,815% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₩27,550, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 2,490% over the past three years. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 • Nov 10
Investor sentiment improved over the past week After last week's 38% share price gain to ₩19,600, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 1,589% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩18,450, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 2,242% 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.8%). Announcement • Dec 11
F&F Holdings Co., Ltd.(KOSE:A007700) dropped from KOSPI 200 Index F&F Holdings Co., Ltd. has been removed from KOSPI 200 Index. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩34,800, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 7,266% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 15% share price gain to ₩40,800, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 6,843% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩49,652 per share. Price Target Changed • Sep 07
Price target increased to ₩462,036 Up from ₩392,216, the current price target is an average from 10 analysts. New target price is 1,080% above last closing price of ₩39,150. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 43% share price gain to ₩51,300, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 5,524% over the past three years. Announcement • Aug 19
F&F Holdings Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 1.212141 trillion. F&F Holdings Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 1.212141 trillion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 31,375,782
Price\Range: KRW 38633
Transaction Features: Rights Offering Announcement • Jul 01
F&F Holdings Co., Ltd. (KOSE:A007700) made an offer to acquire an additional 39.5% stake in F&F Co., Ltd. (KOSE:A383220) for KRW 1.6 billion. F&F Holdings Co., Ltd. (KOSE:A007700) made an offer to acquire an additional 39.5% stake in F&F Co., Ltd. (KOSE:A383220) for KRW 1.6 billion on June 27, 2021. Payment is not made in cash, but in registered common stock (new stock) of F&F Holdings Co., Ltd., and single-order stocks are paid in cash. Pursuant to the terms of the offer, F&F Holdings Co., Ltd. will acquire 3.03 million shares for per share KRW 526,957. If all conditions for the tender offer are satisfied, the date of settlement of the order price after the tender offer period ends. The tender offer is expected to close on August 15, 2021. Daishin Securities Co., Ltd. (KOSE:A003540) acted as financial advisor to F&F Holdings Co., Ltd. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorated over the past week After last week's 65% share price decline to ₩63,000, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Luxury industry in South Korea. Total returns to shareholders of 11% over the past three years. Price Target Changed • May 21
Price target increased to ₩231,636 Up from ₩197,091, the current price target is an average from 11 analysts. New target price is 268% above last closing price of ₩63,000. Stock is down 35% over the past year. Price Target Changed • Apr 17
Price target increased to ₩195,800 Up from ₩175,667, the current price target is an average from 10 analysts. New target price is 27% above last closing price of ₩154,500. Stock is up 39% over the past year. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 15% share price gain to ₩157,000, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Luxury industry in South Korea. Total returns to shareholders of 272% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩133,329 per share. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₩5,599 (vs ₩7,156 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩837.6b (down 8.0% from FY 2019). Net income: ₩85.8b (down 22% from FY 2019). Profit margin: 10% (down from 12% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Announcement • Mar 04
F&F Co., Ltd., Annual General Meeting, Mar 26, 2021 F&F Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:30 Korea Standard Time. Is New 90 Day High Low • Feb 23
New 90-day high: ₩144,500 The company is up 65% from its price of ₩87,600 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩96,584 per share. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₩144,500, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 18x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 265%. Price Target Changed • Feb 18
Price target raised to ₩153,600 Up from ₩126,200, the current price target is an average from 10 analysts. The new target price is 9.3% above the current share price of ₩140,500. As of last close, the stock is up 39% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₩120,500, the stock is trading at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 18x. This compares to an average P/E of 17x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 201%. Is New 90 Day High Low • Feb 02
New 90-day high: ₩109,500 The company is up 19% from its price of ₩92,000 on 04 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩167,497 per share. Is New 90 Day High Low • Jan 13
New 90-day high: ₩101,000 The company is up 6.0% from its price of ₩95,200 on 15 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 ₩103,663 per share. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₩101,000, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15x. This compares to an average P/E of 15x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 166%. Is New 90 Day High Low • Dec 23
New 90-day low: ₩82,900 The company is down 3.0% from its price of ₩85,100 on 24 September 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩94,106 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩1,000 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.2% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%). 
