Announcement • Apr 17
Kangwon Land, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Kangwon Land, Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 24
Upcoming dividend of ₩950 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of South Korean dividend payers (3.7%). Higher than average of industry peers (2.1%). New Risk • Mar 17
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: 22% Last year net profit margin: 32% 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: Minor Risks Dividend is not well covered by cash flows (136% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin). Announcement • Mar 04
Kangwon Land, Inc., Annual General Meeting, Mar 31, 2026 Kangwon Land, Inc., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: grand ballroom, 265, high1-gil, sabuk-eup, jeongseon-gun, gangwon-do, South Korea Declared Dividend • Mar 01
Dividend reduced to ₩950 Dividend of ₩950 is 19% lower than last year. Ex-date: 31st March 2026 Payment date: 24th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.9% over the next 2 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range. Announcement • Feb 28
Kangwon Land, Inc. announces Annual dividend, payable on April 24, 2026 Kangwon Land, Inc. announced Annual dividend of KRW 950.0000 per share payable on April 24, 2026, ex-date on March 31, 2026 and record date on April 01, 2026. Buy Or Sell Opportunity • Feb 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to ₩18,560. The fair value is estimated to be ₩15,466, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 6.2% in the next 2 years. New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% 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 Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results. Announcement • Jan 21
Kangwon Land, Inc. to Report Q4, 2025 Results on Jan 28, 2026 Kangwon Land, Inc. announced that they will report Q4, 2025 results on Jan 28, 2026 New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% 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 Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results. Major Estimate Revision • Oct 21
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₩1,870 to ₩1,599 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 0.6% next year vs 33% growth forecast for Hospitality industry in South Korea . Consensus price target of ₩21,400 unchanged from last update. Share price was steady at ₩17,280 over the past week. Announcement • Oct 21
Kangwon Land, Inc. to Report Q3, 2025 Final Results on Nov 04, 2025 Kangwon Land, Inc. announced that they will report Q3, 2025 final results at 3:00 PM, Korea Standard Time on Nov 04, 2025 Announcement • Jul 21
Kangwon Land, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Kangwon Land, Inc. announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • Apr 22
Kangwon Land, Inc. to Report Q1, 2025 Results on Apr 29, 2025 Kangwon Land, Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Apr 18
Now 20% overvalued Over the last 90 days, the stock has fallen 6.9% to ₩15,660. The fair value is estimated to be ₩13,033, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are forecast to decline by 13% per annum over the same time period. Upcoming Dividend • Mar 27
Upcoming dividend of ₩1,170 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.4%). Reported Earnings • Mar 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩2,257 (up from ₩1,681 in FY 2023). Revenue: ₩1.43t (up 2.8% from FY 2023). Net income: ₩456.9b (up 34% from FY 2023). Profit margin: 32% (up from 25% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 08
Kangwon Land, Inc., Annual General Meeting, Mar 26, 2025 Kangwon Land, Inc., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 265, high1-gil, sabuk-eup, jeongseon-gun, gangwon-do, South Korea Buy Or Sell Opportunity • Feb 11
Now 21% overvalued Over the last 90 days, the stock has fallen 4.1% to ₩16,030. The fair value is estimated to be ₩13,295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are forecast to decline by 15% per annum over the same time period. Reported Earnings • Jan 28
Full year 2024 earnings released: EPS: ₩2,246 (vs ₩1,681 in FY 2023) Full year 2024 results: EPS: ₩2,246 (up from ₩1,681 in FY 2023). Revenue: ₩1.43t (up 2.8% from FY 2023). Net income: ₩455.4b (up 34% from FY 2023). Profit margin: 32% (up from 25% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 25
Now 20% undervalued Over the last 90 days, the stock has risen 12% to ₩17,290. The fair value is estimated to be ₩21,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.7% in 2 years. Earnings are forecast to decline by 22% in the next 2 years. Major Estimate Revision • Oct 30
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.41b to ₩1.42b. EPS estimate increased from ₩1,761 to ₩1,945 per share. Net income forecast to shrink 9.4% next year vs 54% growth forecast for Hospitality industry in South Korea . Consensus price target up from ₩19,313 to ₩20,496. Share price rose 9.1% to ₩17,700 over the past week. Announcement • Oct 29
Kangwon Land, Inc. to Report Q3, 2024 Results on Nov 14, 2024 Kangwon Land, Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Price Target Changed • Sep 11
Price target increased by 7.7% to ₩19,304 Up from ₩17,923, the current price target is an average from 12 analysts. New target price is 9.4% above last closing price of ₩17,650. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₩1,773 for next year compared to ₩1,681 last year. Buy Or Sell Opportunity • Aug 22
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₩14,970. The fair value is estimated to be ₩18,734, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.0% in 2 years. Earnings are forecast to decline by 26% in the next 2 years. Major Estimate Revision • Jul 22
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩1,322 to ₩1,458. Revenue forecast steady at ₩1.41b. Net income forecast to shrink 7.8% next year vs 15% growth forecast for Hospitality industry in South Korea . Consensus price target down from ₩19,025 to ₩18,217. Share price was steady at ₩14,360 over the past week. Announcement • Jul 17
Kangwon Land, Inc. to Report Q2, 2024 Results on Jul 19, 2024 Kangwon Land, Inc. announced that they will report Q2, 2024 results on Jul 19, 2024 Reported Earnings • May 11
First quarter 2024 earnings released: EPS: ₩458 (vs ₩501 in 1Q 2023) First quarter 2024 results: EPS: ₩458 (down from ₩501 in 1Q 2023). Revenue: ₩368.4b (up 2.9% from 1Q 2023). Net income: ₩92.9b (down 8.5% from 1Q 2023). Profit margin: 25% (down from 28% in 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Kangwon Land, Inc. to Report Q1, 2024 Results on May 08, 2024 Kangwon Land, Inc. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩1,681 (vs ₩570 in FY 2022) Full year 2023 results: EPS: ₩1,681 (up from ₩570 in FY 2022). Revenue: ₩1.39t (up 9.3% from FY 2022). Net income: ₩340.9b (up 195% from FY 2022). Profit margin: 25% (up from 9.1% in FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Kangwon Land, Inc., Annual General Meeting, Mar 28, 2024 Kangwon Land, Inc., Annual General Meeting, Mar 28, 2024, at 10:00 Korea Standard Time. Location: Grand Ballroom(4F), Convention Tower, High1 Grand Hotel, 265, High1-gil, Sabuk-eup Jeongseon-gun, Gangwon-do Gangwan-do South Korea Agenda: To consider approval of financial statements(including the statement of appropriation of retained earnings) for the 25th period(2023. 1. 1. ~ 2023. 12. 31.) and consolidated financial statements; to consider Approval of remuneration limits for directors; to consider Changes in some Articles; to consider Changes in business objectives to include new business; to consider Change in the dividend record date; to consider Changes arising from the introduction of an electronic voting system; to consider Changes in the method of appointing the chairperson of the general shareholders’ meeting. Announcement • Feb 01
Kangwon Land, Inc. to Report Fiscal Year 2023 Results on Feb 07, 2024 Kangwon Land, Inc. announced that they will report fiscal year 2023 results on Feb 07, 2024 Upcoming Dividend • Dec 20
Upcoming dividend of ₩350 per share at 2.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 26 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.1%). New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 27% 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. Large one-off items impacting financial results. Price Target Changed • Nov 11
Price target decreased by 7.5% to ₩19,870 Down from ₩21,470, the current price target is an average from 10 analysts. New target price is 31% above last closing price of ₩15,210. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩1,528 for next year compared to ₩570 last year. Announcement • Nov 02
Kangwon Land, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Kangwon Land, Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 Price Target Changed • Sep 20
Price target decreased by 8.0% to ₩21,470 Down from ₩23,336, the current price target is an average from 10 analysts. New target price is 36% above last closing price of ₩15,830. Stock is down 39% over the past year. The company is forecast to post earnings per share of ₩1,447 for next year compared to ₩570 last year. New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ₩441 (vs ₩185 in 2Q 2022) Second quarter 2023 results: EPS: ₩441 (up from ₩185 in 2Q 2022). Revenue: ₩331.1b (up 6.3% from 2Q 2022). Net income: ₩89.5b (up 138% from 2Q 2022). Profit margin: 27% (up from 12% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 08
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩1.51b to ₩1.46b. EPS estimate rose from ₩1,423 to ₩1,582. Net income forecast to grow 41% next year vs 33% growth forecast for Hospitality industry in South Korea. Consensus price target broadly unchanged at ₩24,155. Share price was steady at ₩16,070 over the past week. Price Target Changed • Jul 14
Price target decreased by 8.1% to ₩25,300 Down from ₩27,518, the current price target is an average from 11 analysts. New target price is 48% above last closing price of ₩17,120. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩1,432 for next year compared to ₩570 last year. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩1.26b to ₩1.31b. EPS estimate fell from ₩895 to ₩758 per share. Net income forecast to grow 505% next year vs 26% growth forecast for Hospitality industry in South Korea. Consensus price target broadly unchanged at ₩33,277. Share price rose 2.5% to ₩24,150 over the past week. Major Estimate Revision • Nov 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩1.26b to ₩1.30b. EPS estimate fell from ₩895 to ₩763 per share. Net income forecast to grow 508% next year vs 16% growth forecast for Hospitality industry in South Korea. Consensus price target broadly unchanged at ₩33,277. Share price was steady at ₩23,700 over the past week. Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩1,015 to ₩898 per share. Revenue forecast steady at ₩1.30b. Net income forecast to grow 843% next year vs 88% growth forecast for Hospitality industry in South Korea. Consensus price target broadly unchanged at ₩33,964. Share price was steady at ₩25,900 over the past week. Major Estimate Revision • Aug 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩1,016 to ₩866 per share. Revenue forecast steady at ₩1.28b. Net income forecast to grow 815% next year vs 88% growth forecast for Hospitality industry in South Korea. Consensus price target broadly unchanged at ₩34,236. Share price was steady at ₩25,900 over the past week. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: ₩52.00 loss per share (up from ₩1,361 loss in FY 2020). Revenue: ₩788.4b (up 65% from FY 2020). Net loss: ₩10.6b (loss narrowed 96% from FY 2020). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 61%, compared to a 120% growth forecast for the restaurants 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 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 14
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: ₩52.28 loss per share (up from ₩1,361 loss in FY 2020). Revenue: ₩788.4b (up 65% from FY 2020). Net loss: ₩10.6b (loss narrowed 96% from FY 2020). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 54%, compared to a 168% growth forecast for the restaurants 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 88 percentage points per year, which is a significant difference in performance. Reported Earnings • May 25
First quarter 2021 earnings released: ₩202 loss per share (vs ₩770 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ₩97.4b (down 59% from 1Q 2020). Net loss: ₩40.9b (loss narrowed 74% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: ₩1,361 loss per share (vs ₩1,651 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: ₩478.6b (down 69% from FY 2019). Net loss: ₩275.9b (down 182% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Kangwon Land, Inc., Annual General Meeting, Mar 30, 2021 Kangwon Land, Inc., Annual General Meeting, Mar 30, 2021, at 15:00 Korea Standard Time. Is New 90 Day High Low • Mar 04
New 90-day high: ₩26,100 The company is up 11% from its price of ₩23,550 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩19,022 per share. Announcement • Feb 10
Kangwon Land, Inc. to Report Q4, 2020 Results on Feb 15, 2021 Kangwon Land, Inc. announced that they will report Q4, 2020 results on Feb 15, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: ₩24,000 The company is up 10.0% from its price of ₩21,800 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality 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 ₩53,449 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩900 Per Share Will be paid on the 29th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.9% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.6%). Is New 90 Day High Low • Dec 11
New 90-day high: ₩23,950 The company is up 13% from its price of ₩21,150 on 11 September 2020. The South Korean market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Hospitality 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 ₩54,744 per share. Is New 90 Day High Low • Nov 25
New 90-day high: ₩23,900 The company is up 14% from its price of ₩20,900 on 28 August 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 Hospitality 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 ₩46,681 per share. Announcement • Nov 07
Kangwon Land, Inc. to Report Q3, 2020 Results on Nov 10, 2020 Kangwon Land, Inc. announced that they will report Q3, 2020 results on Nov 10, 2020 Announcement • Aug 09
Kangwon Land, Inc. to Report Q2, 2020 Results on Aug 11, 2020 Kangwon Land, Inc. announced that they will report Q2, 2020 results on Aug 11, 2020