Buy Or Sell Opportunity • Jun 08
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to ₩1,257. The fair value is estimated to be ₩1,673, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 04
Shinjin Sm Co.,Ltd., Annual General Meeting, Mar 31, 2026 Shinjin Sm Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 352-73, jangmu-ro, janggye-myeon, jangsu-gun, jeonbuk-do, 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: 10 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.4%). New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 1.2% 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 1.2% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (₩35.5b market cap, or US$24.2m). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Shareholders will receive a dividend of ₩50.00. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 6 years. However, payments have been volatile during that time. Buy Or Sell Opportunity • Mar 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to ₩2,370. The fair value is estimated to be ₩3,019, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 36%. Announcement • Mar 05
Shinjin Sm Co.,Ltd., Annual General Meeting, Mar 31, 2025 Shinjin Sm Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 352-73, jangmu-ro, janggye-myeon, jangsu-gun, jeonbuk-do, 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: 08 April 2025. Payout ratio is a comfortable 33% 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 (2.9%). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (11% average weekly change). Market cap is less than US$100m (₩47.3b market cap, or US$32.9m). New Risk • Dec 07
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. 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 (9.9% average weekly change). Market cap is less than US$100m (₩40.9b market cap, or US$28.7m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,430, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total loss to shareholders of 21% over the past three years. New Risk • Nov 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 9.0% 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: 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 (9.0% average weekly change). Market cap is less than US$100m (₩43.5b market cap, or US$31.0m). Declared Dividend • Nov 20
Dividend of ₩50.00 announced Shareholders will receive a dividend of ₩50.00. Ex-date: 27th December 2024 Payment date: 8th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,790, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total loss to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩2,200, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,065, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 10% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩18.00 (vs ₩66.00 in 1Q 2023) First quarter 2024 results: EPS: ₩18.00 (down from ₩66.00 in 1Q 2023). Revenue: ₩14.5b (flat on 1Q 2023). Net income: ₩305.6m (down 73% from 1Q 2023). Profit margin: 2.1% (down from 7.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩3,905, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 6.9% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). New Risk • Nov 30
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: 4.7% Last year net profit margin: 9.9% 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (₩48.5b market cap, or US$37.3m). Buying Opportunity • Aug 16
Now 25% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be ₩3,797, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 72%. New Risk • Jun 27
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 8.8% 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 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 (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Market cap is less than US$100m (₩56.4b market cap, or US$43.4m). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩3,460, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 88% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,520, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₩9,680, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 5x 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 • Jul 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₩8,320, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 26% share price gain to ₩7,580, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 28% over the past three years. 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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 ₩70.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Is New 90 Day High Low • Feb 01
New 90-day high: ₩7,260 The company is up 59% from its price of ₩4,565 on 03 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: ₩6,180 The company is up 22% from its price of ₩5,050 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 34% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩70.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.5% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (3.1%).