Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩11,870, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,249 per share. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩300.4m to ₩295.3m. EPS estimate also fell from ₩770 per share to ₩652 per share. Net income forecast to shrink 47% next year vs 31% growth forecast for Hospitality industry in South Korea . Consensus price target up from ₩18,000 to ₩20,333. Share price was steady at ₩13,620 over the past week. 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 ₩13,540, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 13x in the Hospitality industry in South Korea. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,469 per share. Announcement • Feb 21
Seobu T&D Co., Ltd., Annual General Meeting, Mar 26, 2026 Seobu T&D Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 11, sinjeong-ro 13-gil, yangcheon-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩17,590, the stock trades at a forward P/E ratio of 88x. Average forward P/E is 12x in the Hospitality industry in South Korea. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,990 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 08 April 2026. Payout ratio is a comfortable 4.6% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩14,070, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩18,696 per share. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.7% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩10,790, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,541 per share. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 8th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (26% 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 increased by an average of 23% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Seobu T&D Co., Ltd. announces Annual dividend, payable on April 08, 2026 Seobu T&D Co., Ltd. announced Annual dividend of KRW 100.0000 per share payable on April 08, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. New Risk • Aug 19
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 8.0% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Buy Or Sell Opportunity • Aug 01
Now 21% undervalued Over the last 90 days, the stock has risen 44% to ₩8,350. The fair value is estimated to be ₩10,506, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 56% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩8,640, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 12x in the Hospitality industry in South Korea. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,506 per share. Buy Or Sell Opportunity • Jun 26
Now 21% undervalued Over the last 90 days, the stock has risen 59% to ₩8,890. The fair value is estimated to be ₩11,259, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 56% in the next 2 years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,660, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Hospitality industry in South Korea. Total loss to shareholders of 6.6% over the past three years. New Risk • Mar 25
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: 18% Last year net profit margin: 82% 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 54% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 54% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Announcement • Feb 21
Seobu T&D Co., Ltd., Annual General Meeting, Mar 26, 2025 Seobu T&D Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 167, sinjeong-ro, yangcheon-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.5%). Buy Or Sell Opportunity • Dec 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₩5,060. The fair value is estimated to be ₩6,436, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.1%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩39.00 loss per share (vs ₩15.00 loss in 3Q 2022) Third quarter 2023 results: ₩39.00 loss per share (further deteriorated from ₩15.00 loss in 3Q 2022). Revenue: ₩43.4b (up 23% from 3Q 2022). Net loss: ₩2.32b (loss widened 167% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% 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 • Mar 26
Full year 2022 earnings released: EPS: ₩287 (vs ₩692 in FY 2021) Full year 2022 results: EPS: ₩287 (down from ₩692 in FY 2021). Revenue: ₩135.3b (up 40% from FY 2021). Net income: ₩16.7b (down 59% from FY 2021). Profit margin: 12% (down from 42% in FY 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 5.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.1%). 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 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. 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 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 ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.1%). Reported Earnings • May 23
First quarter 2021 earnings released: ₩150 loss per share (vs ₩144 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ₩19.2b (down 11% from 1Q 2020). Net loss: ₩8.55b (loss widened 2.8% from 1Q 2020). Is New 90 Day High Low • Jan 21
New 90-day high: ₩8,690 The company is up 43% from its price of ₩6,069 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₩7,790 The company is up 26% from its price of ₩6,167 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ₩7,130 The company is up 7.0% from its price of ₩6,670 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: ₩6,880 The company is up 5.0% from its price of ₩6,540 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₩6,080 The company is down 16% from its price of ₩7,220 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 Specialty Retail industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩6,120 The company is down 6.0% from its price of ₩6,500 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 3.0% over the same period.