Valuation Update With 7 Day Price Move • 23h
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,250, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 45% over the past three years. New Risk • Mar 27
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: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₩26.8b market cap, or US$17.7m). Announcement • Feb 24
Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 26, 2026 Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 20, jungang-ro 164beon-gil, jung-gu, daejeon South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Shareholders will receive a dividend of ₩50.00. Ex-date: 29th December 2025 Payment date: 27th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has not increased over the past 6 years but payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. New Risk • Sep 10
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 8.7% 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 Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₩35.8b market cap, or US$25.8m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩1,855, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 14x in the Metals and Mining industry in South Korea. Total loss to shareholders of 21% over the past three years. 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: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩27.5b market cap, or US$19.8m). New Risk • May 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Large one-off items impacting financial results. Market cap is less than US$100m (₩24.7b market cap, or US$18.0m). New Risk • Mar 22
New major risk - Revenue and earnings growth Earnings have declined by 6.5% 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 6.5% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₩27.0b market cap, or US$18.5m). Announcement • Feb 22
Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 26, 2025 Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 20, jungang-ro 164beon-gil, jung-gu, daejeon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.9%). Declared Dividend • Nov 21
Dividend of ₩50.00 announced Shareholders will receive a dividend of ₩50.00. Ex-date: 27th December 2024 Payment date: 7th April 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has not increased over the past 5 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩1,687, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,335, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩2,525, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 38% over the past three years. New Risk • Jun 01
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: 1.3% Last year net profit margin: 2.4% 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 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 (1.3% net profit margin). Market cap is less than US$100m (₩36.3b market cap, or US$26.3m). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩221 (vs ₩257 in FY 2022) Full year 2023 results: EPS: ₩221 (down from ₩257 in FY 2022). Revenue: ₩210.5b (down 9.5% from FY 2022). Net income: ₩4.27b (down 14% from FY 2022). Profit margin: 2.0% (down from 2.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,340, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,930, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 149% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 30 March 2022. Payout ratio is a comfortable 5.4% but the company is not cash flow positive. Trailing yield: 1.5%. 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 • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,030, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 126% 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 15% share price gain to ₩4,660, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 18x in the Metals and Mining industry in South Korea. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 42% share price gain to ₩4,700, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 31x in the Metals and Mining industry in South Korea. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 18% share price gain to ₩3,190, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 27x in the Metals and Mining industry in South Korea. Total returns to shareholders of 66% over the past three years. Announcement • Feb 25
Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 25, 2021 Dongyang S.Tec Co.,Ltd, Annual General Meeting, Mar 25, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 36% share price gain to ₩4,725, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 23.4x. This compares to an average P/E of 18x in the Metals and Mining industry in South Korea. Total returns to shareholders over the past three years are 48%. Is New 90 Day High Low • Feb 09
New 90-day high: ₩4,725 The company is up 72% from its price of ₩2,755 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩3,355 The company is up 25% from its price of ₩2,690 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 25% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩3,100 The company is up 12% from its price of ₩2,760 on 06 October 2020. The South Korean market is up 21% 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. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩100.00 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 3.2% is in the top quartile of South Korean dividend payers (2.6%), and it is in line with industry peers (3.1%). Is New 90 Day High Low • Dec 14
New 90-day high: ₩2,975 The company is up 10.0% from its price of ₩2,700 on 15 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 27% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: ₩2,850 The company is up 3.0% from its price of ₩2,765 on 14 August 2020. The South Korean market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 5.0% over the same period.