Upcoming Dividend • Jun 22
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 06 July 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.3%. Within top quartile of South Korean dividend payers (4.2%). Higher than average of industry peers (2.4%). Announcement • Jun 09
KISCO Holdings Corp. (KOSE:A001940) announces an Equity Buyback for KRW 10,000 million worth of its shares. KISCO Holdings Corp. (KOSE:A001940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of shares pursuant to trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and increase the shareholder value. The program will expire on September 9, 2026. As of June 8, 2026, the company had 2,127,779 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Declared Dividend • May 15
Final dividend of ₩1,000 announced Shareholders will receive a dividend of ₩1,000. Ex-date: 29th June 2026 Payment date: 6th July 2026 Dividend yield will be 7.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (122% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 8 years. However, payments have been volatile during that time. Announcement • Mar 06
KISCO Holdings Corp., Annual General Meeting, Mar 27, 2026 KISCO Holdings Corp., Annual General Meeting, Mar 27, 2026, at 11:00 Tokyo Standard Time. Location: auditorium, 12, gongdan-ro 103beon-gil, seongsan-gu, gyeongsangnam-do, changwon South Korea New Risk • Jan 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,800 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 7.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Declared Dividend • Nov 13
First half dividend of ₩1,800 announced Shareholders will receive a dividend of ₩1,800. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (224% earnings payout ratio) nor is it covered by cash flows (212% cash payout ratio). The dividend has increased by an average of 5.3% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 149% to bring the payout ratio under control. However, EPS has declined by 24% over the last 5 years so the company would need to reverse this trend. New Risk • Aug 25
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 224% Cash payout ratio: 212% Dividend yield: 7.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 224% Cash payout ratio: 212% Earnings have declined by 5.1% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Aug 20
KISCO Holdings Corp. (KOSE:A001940) announces an Equity Buyback for KRW 15,000 million worth of its shares. KISCO Holdings Corp. (KOSE:A001940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 15,000 million worth of shares pursuant to trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and increase the shareholder value. The program will expire on February 20, 2026. As of August 19, 2025, the company had 617,284 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Buy Or Sell Opportunity • Jul 28
Now 20% undervalued Over the last 90 days, the stock has risen 22% to ₩25,300. The fair value is estimated to be ₩31,716, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 32%. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued Over the last 90 days, the stock has risen 30% to ₩25,250. The fair value is estimated to be ₩32,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 32%. Buy Or Sell Opportunity • Jun 13
Now 20% undervalued Over the last 90 days, the stock has risen 31% to ₩25,950. The fair value is estimated to be ₩32,579, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 32%. Upcoming Dividend • Jun 12
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 19 June 2025. Payment date: 04 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩27,100, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 97% over the past three years. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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 Dividend is not well covered by earnings (120% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Announcement • Mar 01
KISCO Holdings Corp., Annual General Meeting, Mar 28, 2025 KISCO Holdings Corp., Annual General Meeting, Mar 28, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 12, gongdan-ro 103beon-gil, seongsan-gu, gyeongsangnam-do, changwon South Korea New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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. Profit margins are more than 30% lower than last year (4.1% net profit margin). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩22,300, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩6,602 (vs ₩5,966 in FY 2022) Full year 2023 results: EPS: ₩6,602 (up from ₩5,966 in FY 2022). Revenue: ₩1.54t (down 15% from FY 2022). Net income: ₩91.0b (up 10% from FY 2022). Profit margin: 5.9% (up from 4.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Buy Or Sell Opportunity • Feb 14
Now 23% undervalued Over the last 90 days, the stock has risen 26% to ₩27,200. The fair value is estimated to be ₩35,301, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩27,450, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 106% over the past three years. Buy Or Sell Opportunity • Jan 23
Now 24% undervalued Over the last 90 days, the stock has risen 18% to ₩25,200. The fair value is estimated to be ₩33,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. Buying Opportunity • Jan 17
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be ₩33,114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩600 per share at 2.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩22,600, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 111% over the past three years. Announcement • Sep 26
KISCO Holdings Corp. (KOSE:A001940) announces an Equity Buyback for KRW 30,000 million worth of its shares. KISCO Holdings Corp. (KOSE:A001940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 30,000 million worth of shares pursuant to trust contract with HI INVESTMENT & SECURITIES co., Ltd. The purpose of the program is to stabilize stock price and increase the shareholder value. The program will expire on March 25, 2024. As of September 24, 2023, the company had 2,321,815 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩5,573 (vs ₩8,106 in FY 2021) Full year 2022 results: EPS: ₩5,573 (down from ₩8,106 in FY 2021). Revenue: ₩1.81t (up 14% from FY 2021). Net income: ₩78.3b (down 31% from FY 2021). Profit margin: 4.3% (down from 7.2% 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 38% per year whereas the company’s share price has increased by 35% per year. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,200, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 107% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 6.5% 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%). 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. 5 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: ₩1,660 (vs ₩737 in 1Q 2021) First quarter 2022 results: EPS: ₩1,660 (up from ₩737 in 1Q 2021). Revenue: ₩431.2b (up 71% from 1Q 2021). Net income: ₩23.0b (up 115% from 1Q 2021). Profit margin: 5.3% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 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. 5 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS ₩2,402 (vs ₩850 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩439.3b (up 74% from 3Q 2020). Net income: ₩33.3b (up 156% from 3Q 2020). Profit margin: 7.6% (up from 5.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩22,850, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 100% 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 16% share price gain to ₩20,600, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 27x in the Metals and Mining industry in South Korea. Total returns to shareholders of 54% over the past three years. Announcement • Feb 25
KISCO Holdings Corp., Annual General Meeting, Mar 26, 2021 KISCO Holdings Corp., Annual General Meeting, Mar 26, 2021, at 10:30 Korea Standard Time. Is New 90 Day High Low • Dec 17
New 90-day high: ₩14,200 The company is up 17% from its price of ₩12,100 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₩12,850 The company is up 17% from its price of ₩11,000 on 20 August 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: ₩12,200 The company is up 6.0% from its price of ₩11,500 on 05 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: ₩12,100 The company is up 1.0% from its price of ₩12,000 on 19 June 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period.