Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩1,866 (vs ₩1,512 in FY 2024) Full year 2025 results: EPS: ₩1,866 (up from ₩1,512 in FY 2024). Revenue: ₩398.1b (up 5.0% from FY 2024). Net income: ₩8.21b (up 24% from FY 2024). Profit margin: 2.1% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Mar 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩38.4b market cap, or US$25.6m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩8,130, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 11% over the past three years. Announcement • Feb 24
Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 24, 2026 Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 4, gongdan 2-daero 256beon-gil, gyeonggi-do, siheung South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩483 (vs ₩410 in 3Q 2024) Third quarter 2025 results: EPS: ₩483 (up from ₩410 in 3Q 2024). Revenue: ₩103.0b (up 14% from 3Q 2024). Net income: ₩2.12b (up 18% from 3Q 2024). Profit margin: 2.1% (up from 2.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩1,512 (vs ₩1,818 in FY 2023) Full year 2024 results: EPS: ₩1,512 (down from ₩1,818 in FY 2023). Revenue: ₩379.3b (flat on FY 2023). Net income: ₩6.65b (down 17% from FY 2023). Profit margin: 1.8% (down from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 25, 2025 Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 4, gongdan 2-daero 256beon-gil, gyeonggi-do, siheung South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩220 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 08 April 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (2.9%). New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩30.8b market cap, or US$21.7m). New Risk • Aug 23
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: 1.5% Last year net profit margin: 2.6% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩32.5b market cap, or US$24.3m). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩1,818 (vs ₩2,410 in FY 2022) Full year 2023 results: EPS: ₩1,818 (down from ₩2,410 in FY 2022). Revenue: ₩380.0b (down 1.3% from FY 2022). Net income: ₩8.00b (down 25% from FY 2022). Profit margin: 2.1% (down from 2.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩220 per share at 2.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 10 April 2024. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.7%). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩2,410 (vs ₩4,266 in FY 2021) Full year 2022 results: EPS: ₩2,410 (down from ₩4,266 in FY 2021). Revenue: ₩385.1b (up 17% from FY 2021). Net income: ₩10.6b (down 44% from FY 2021). Profit margin: 2.8% (down from 5.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩11,500, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩9,550, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 8.5% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,850, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 30% share price gain to ₩17,150, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
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 15.4x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₩15,800, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 18x in the Metals and Mining industry in South Korea. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₩12,800, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 26x in the Metals and Mining industry in South Korea. Total returns to shareholders of 25% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩330 (vs ₩2,259 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩245.1b (down 4.2% from FY 2019). Net income: ₩1.45b (down 85% from FY 2019). Profit margin: 0.6% (down from 3.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 05
New 90-day high: ₩10,150 The company is up 16% from its price of ₩8,730 on 04 December 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 Metals and Mining industry, which is up 13% over the same period. Announcement • Feb 25
Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 24, 2021 Wonil Special Steel Co., Ltd., Annual General Meeting, Mar 24, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 03
New 90-day high: ₩9,650 The company is up 13% from its price of ₩8,570 on 05 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₩9,310 The company is up 6.0% from its price of ₩8,810 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 30% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩150 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (3.1%). Is New 90 Day High Low • Dec 09
New 90-day high: ₩8,950 The company is up 4.0% from its price of ₩8,570 on 10 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 Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₩8,450 The company is down 5.0% from its price of ₩8,940 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 Metals and Mining industry, which is up 3.0% over the same period.