Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩15,340, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩13,160, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 120% over the past three years. Reported Earnings • Mar 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩2,692 (down from ₩3,676 in FY 2024). Revenue: ₩1.29t (up 15% from FY 2024). Net income: ₩76.6b (down 21% from FY 2024). Profit margin: 5.9% (down from 8.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩11,150, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 86% over the past three years. Announcement • Feb 20
JS Corporation, Annual General Meeting, Mar 26, 2026 JS Corporation, Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 138, wiryeseong-daero, songpa-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩13,450, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 117% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩13,700, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 134% over the past three years. Announcement • Nov 29
JS Corporation (KOSE:A194370) agreed to acquire remaining 18.40% stake in Yakjin Trading Corporation for KRW 29 billion. JS Corporation (KOSE:A194370) agreed to acquire remaining 18.40% stake in Yakjin Trading Corporation for KRW 29 billion on November 27, 2025. A cash consideration of KRW 29 billion will be paid by JS Corporation. Upon completion, JS Corporation will own 100% stake in Yakjin Trading Corporation.
The expected completion of the transaction is December 5, 2025. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩800 (vs ₩478 in 3Q 2024) Third quarter 2025 results: EPS: ₩800 (up from ₩478 in 3Q 2024). Revenue: ₩356.8b (down 1.3% from 3Q 2024). Net income: ₩23.2b (up 82% from 3Q 2024). Profit margin: 6.5% (up from 3.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩719 (vs ₩2,081 in 2Q 2024) Second quarter 2025 results: EPS: ₩719 (down from ₩2,081 in 2Q 2024). Revenue: ₩317.3b (up 39% from 2Q 2024). Net income: ₩20.4b (down 63% from 2Q 2024). Profit margin: 6.4% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 122% p.a. on average during the next 3 years, while revenues in the Luxury industry in South Korea are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 122% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Earnings are forecast to decline by an average of 122% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (8.2% net profit margin). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩13,580, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 91% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.7%). New Risk • May 27
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 Risk Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (8.2% net profit margin). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩11,770, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩7,360, 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 loss to shareholders of 29% over the past three years. New Risk • Mar 21
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: 8.7% Last year net profit margin: 13% 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: Major Risk Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (179% cash payout ratio). Profit margins are more than 30% lower than last year (8.7% net profit margin). Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩7,352 (down from ₩8,671 in FY 2023). Revenue: ₩1.12t (up 30% from FY 2023). Net income: ₩97.4b (down 11% from FY 2023). Profit margin: 8.7% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 21
JS Corporation, Annual General Meeting, Mar 25, 2025 JS Corporation, Annual General Meeting, Mar 25, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 138, wiryeseong-daero, songpa-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩550 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 09 April 2025. Payout ratio is a comfortable 11% and the cash payout ratio is 93%. Trailing yield: 9.1%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (3.0%). New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩14,470, 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 loss to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Oct 14
Now 23% overvalued Over the last 90 days, the stock has fallen 14% to ₩14,990. The fair value is estimated to be ₩12,145, 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. Earnings per share has grown by 15%. Buy Or Sell Opportunity • Sep 27
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to ₩14,730. The fair value is estimated to be ₩12,145, 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. Earnings per share has grown by 15%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩13,900, 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 loss to shareholders of 24% over the past three years. Announcement • Jun 25
An undisclosed buyer agreed to acquire 18.40% stake in Yakjin Trading Corporation from JS Corporation (KOSE:A194370) for KRW 29.9 billion. An undisclosed buyer agreed to acquire 18.40% stake in Yakjin Trading Corporation from JS Corporation (KOSE:A194370) for KRW 29.9 billion on June 24, 2024. The expected completion of the transaction is June 26, 2024. New Risk • Jun 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩20,300, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • May 31
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 7.9% 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 (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Mar 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₩3,499 (down from ₩5,118 in FY 2022). Revenue: ₩862.8b (down 12% from FY 2022). Net income: ₩44.3b (down 31% from FY 2022). Profit margin: 5.1% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 16
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩958.0m to ₩971.0m. EPS estimate increased from ₩5,226 to ₩5,856 per share. Net income forecast to grow 51% next year vs 7.2% growth forecast for Luxury industry in South Korea. Consensus price target up from ₩27,000 to ₩30,000. Share price rose 5.8% to ₩19,830 over the past week. Buy Or Sell Opportunity • Jan 26
Now 22% undervalued Over the last 90 days, the stock has risen 25% to ₩19,570. The fair value is estimated to be ₩25,047, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩19,900, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Luxury industry in South Korea. Total returns to shareholders of 186% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 6.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). Buying Opportunity • Dec 12
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be ₩20,615, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. New Risk • Nov 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Buying Opportunity • Nov 22
Now 21% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be ₩22,330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩18,950, 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 returns to shareholders of 200% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₩2,156 (vs ₩1,800 in 3Q 2022) Third quarter 2023 results: EPS: ₩2,156 (up from ₩1,800 in 3Q 2022). Revenue: ₩268.5b (up 1.6% from 3Q 2022). Net income: ₩27.2b (up 20% from 3Q 2022). Profit margin: 10% (up from 8.6% in 3Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in South Korea. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • Oct 24
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 High level of debt (109% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.5% average weekly change). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩14,820, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 158% over the past three years. Buying Opportunity • Aug 25
Now 21% undervalued Over the last 90 days, the stock is up 4.5%. The fair value is estimated to be ₩16,580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 67%. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,660, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 151% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of ₩350 per share at 6.6% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.5%). Announcement • Jun 17
JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion. JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion on June 15, 2023. The transaction is expected to close on August 6, 2023. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩442 (vs ₩1,317 in 1Q 2022) First quarter 2023 results: EPS: ₩442 (down from ₩1,317 in 1Q 2022). Revenue: ₩167.4b (down 37% from 1Q 2022). Net income: ₩5.59b (down 66% from 1Q 2022). Profit margin: 3.3% (down from 6.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: ₩5,118 (vs ₩3,876 in FY 2021) Full year 2022 results: EPS: ₩5,118 (up from ₩3,876 in FY 2021). Revenue: ₩975.1b (down 1.2% from FY 2021). Net income: ₩64.6b (up 34% from FY 2021). Profit margin: 6.6% (up from 4.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%). Price Target Changed • Nov 16
Price target decreased to ₩32,000 Down from ₩38,000, the current price target is provided by 1 analyst. New target price is 108% above last closing price of ₩15,350. Stock is down 39% over the past year. The company is forecast to post earnings per share of ₩4,500 for next year compared to ₩3,876 last year. Price Target Changed • Nov 01
Price target decreased to ₩32,000 Down from ₩38,000, the current price target is provided by 1 analyst. New target price is 122% above last closing price of ₩14,400. Stock is down 44% over the past year. The company is forecast to post earnings per share of ₩4,500 for next year compared to ₩3,876 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩15,300, 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 returns to shareholders of 19% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩17,450, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Luxury industry in South Korea. Total returns to shareholders of 11% over the past three years. Announcement • May 21
JS Corporation (KOSE:A194370) announces an Equity Buyback for KRW 5,000 million worth of its shares. JS Corporation (KOSE:A194370) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares under the contract with Daishin Securities Co., Ltd. The program is aimed at stock price stability and shareholder value enhancement. The program will be valid until November 19, 2022. As of May 19, 2022, the company had 727,942 shares in treasury under the dividend capacity and 0 shares in treasury under other capacities. Price Target Changed • Apr 27
Price target increased to ₩45,000 Up from ₩38,000, the current price target is provided by 1 analyst. New target price is 84% above last closing price of ₩24,400. Stock is up 26% over the past year. The company is forecast to post earnings per share of ₩4,514 for next year compared to ₩3,876 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩20,600, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 19% share price gain to ₩25,500, 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 107% over the past three years. Announcement • Sep 03
JS Corporation announced that it has received KRW 20 billion in funding On September 2, 2021, JS Corporation closed the transaction. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 23% share price gain to ₩22,300, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 84% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 2.2%. Within top quartile of South Korean dividend payers (2.1%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 20% share price gain to ₩13,750, the stock trades at a trailing P/E ratio of 72.8x, up from the previous P/E ratio of 60.6x. Average P/E is 17x in the Luxury industry in South Korea. Total returns to shareholders over the past three years are 2.4%. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS ₩189 (vs ₩646 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩402.8b (up 59% from FY 2019). Net income: ₩2.36b (down 71% from FY 2019). Profit margin: 0.6% (down from 3.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ₩12,200 The company is up 66% from its price of ₩7,370 on 27 November 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₩11,450, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 18x in the Luxury industry in South Korea. Total return to shareholders over the past three years is a loss of 14%. Announcement • Feb 22
JS Corporation, Annual General Meeting, Mar 18, 2021 JS Corporation, Annual General Meeting, Mar 18, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Feb 08
New 90-day high: ₩9,050 The company is up 26% from its price of ₩7,160 on 10 November 2020. The South Korean market is up 25% 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. 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 ₩8,690, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16x. This compares to an average P/E of 17x in the Luxury industry in South Korea. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Jan 20
New 90-day high: ₩7,990 The company is up 15% from its price of ₩6,920 on 22 October 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 10.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₩6,560 The company is down 7.0% from its price of ₩7,030 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. Announcement • Sep 09
JS Corporation announced that it has received KRW 421.875 million in funding On February 28, 2020, JS Corporation (KOSE:A194370) closed the transaction.