Announcement • Feb 14
Seoul Auction Co. Ltd., Annual General Meeting, Mar 30, 2026 Seoul Auction Co. Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 28, pyeongchang 30-gil, jongno-gu, seoul South Korea Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩126 loss per share (vs ₩193 loss in 3Q 2024) Third quarter 2025 results: ₩126 loss per share (improved from ₩193 loss in 3Q 2024). Revenue: ₩5.65b (up 112% from 3Q 2024). Net loss: ₩2.12b (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. New Risk • Aug 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩132.8b (US$95.0m) 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 Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₩132.8b market cap, or US$95.0m). New Risk • Jun 26
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 13% 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 Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 28% per year over the past 5 years. New Risk • May 07
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 8.9% 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: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₩135.2b market cap, or US$98.4m). Announcement • Feb 20
Seoul Auction Co. Ltd., Annual General Meeting, Mar 31, 2025 Seoul Auction Co. Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 28, pyeongchang 30-gil, jongno-gu, seoul South Korea New Risk • Sep 25
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: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Earnings have declined by 0.7% per year over the past 5 years. 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 (9.5% average weekly change). New Risk • May 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.7b (US$99.6m) 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 Risk Interest payments are not well covered by earnings (0.08x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩137.7b market cap, or US$99.6m). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩473 loss per share (vs ₩270 profit in FY 2022) Full year 2023 results: ₩473 loss per share (down from ₩270 profit in FY 2022). Revenue: ₩45.0b (down 18% from FY 2022). Net loss: ₩7.97b (down 275% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (3.5%). New Risk • Nov 29
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 (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Nov 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Buying Opportunity • Nov 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₩12,156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be ₩11,992, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₩71.00 (vs ₩47.00 in 2Q 2022) Second quarter 2023 results: EPS: ₩71.00 (up from ₩47.00 in 2Q 2022). Revenue: ₩18.6b (up 42% from 2Q 2022). Net income: ₩1.19b (up 51% from 2Q 2022). Profit margin: 6.4% (up from 6.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 06
Seoul Auction Co. Ltd. announced that it has received KRW 12.5 billion in funding On July 5, 2023, Seoul Auction Co. Ltd. closed the transaction. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩18,280, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 18x in the Consumer Services industry in South Korea. Total returns to shareholders of 387% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 26% share price gain to ₩21,150, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 18x in the Consumer Services industry in South Korea. Total returns to shareholders of 253% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%). Price Target Changed • Nov 16
Price target increased to ₩33,500 Up from ₩22,000, the current price target is an average from 2 analysts. New target price is 91% above last closing price of ₩17,500. Stock is down 53% over the past year. The company is forecast to post earnings per share of ₩1,383 for next year compared to ₩1,014 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩19,200, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Services industry in Asia. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩32,852 per share. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩21,650, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩30,618 per share. Buying Opportunity • Jun 02
Now 22% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be ₩30,245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 79%. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₩27,100, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩22,750, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,767 per share. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩28,500, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total returns to shareholders of 204% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩29,700, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 21% share price gain to ₩33,850, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 30% share price gain to ₩22,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,907 per share. Major Estimate Revision • Jun 27
Consensus EPS estimates increase to ₩724 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ₩73.0m to ₩77.7m. EPS estimate increased from ₩622 to ₩724 per share. Net income forecast to grow 843% next year vs 52% growth forecast for Consumer Services industry in South Korea. Consensus price target of ₩22,000 unchanged from last update. Share price fell 7.9% to ₩16,950 over the past week. Reported Earnings • May 12
First quarter 2021 earnings released: EPS ₩158 (vs ₩99.00 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩17.4b (up 155% from 1Q 2020). Net income: ₩2.50b (up ₩4.07b from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 21
Full year 2020 earnings released: ₩172 loss per share (vs ₩423 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ₩28.9b (down 36% from FY 2019). Net loss: ₩2.72b (loss narrowed 59% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ₩9,460 The company is up 77% from its price of ₩5,350 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 Consumer Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩30,442 per share. Announcement • Feb 10
Seoul Auction Co. Ltd., Annual General Meeting, Mar 24, 2021 Seoul Auction Co. Ltd., Annual General Meeting, Mar 24, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 21
New 90-day high: ₩8,680 The company is up 84% from its price of ₩4,705 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 Consumer Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩29,773 per share. Is New 90 Day High Low • Dec 02
New 90-day high: ₩6,080 The company is up 38% from its price of ₩4,410 on 03 September 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 Consumer Services industry, which is up 2.0% over the same period. Announcement • Sep 22
Kwon Seong Mun and one related party acquired 21.1% stake in Seoul Auction Co., Ltd. (KOSE:A063170) from IONE Partnership Venture Fund, a fund of IOne Venture Capital Co., Ltd. and one related party. Kwon Seong Mun and one related party acquired 21.1% stake in Seoul Auction Co., Ltd. (KOSE:A063170) from IONE Partnership Venture Fund, a fund of IOne Venture Capital Co., Ltd. and one related party on November 15, 2013. As part of the transaction, 3.39 million shares were acquired.
Kwon Seong Mun and one related party completed the acquisition of 21.1% stake in Seoul Auction Co., Ltd. (KOSE:A063170) from IONE Partnership Venture Fund, a fund of IOne Venture Capital Co., Ltd. and one related party on November 15, 2013.