Reported Earnings • Mar 14
Full year 2025 earnings released: ₩108 loss per share (vs ₩91.00 profit in FY 2024) Full year 2025 results: ₩108 loss per share (down from ₩91.00 profit in FY 2024). Revenue: ₩289.6b (down 4.0% from FY 2024). Net loss: ₩3.88b (down 214% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Feb 24
Korea Export Packaging Industrial Co.,Ltd, Annual General Meeting, Mar 19, 2026 Korea Export Packaging Industrial Co.,Ltd, Annual General Meeting, Mar 19, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South Korea Announcement • Jan 31
Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces an Equity Buyback for KRW 4,000 million worth of its shares. Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares, pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose of the program is stock stability through shareholder value upliftment. The program will expire on April 29, 2026. As of November 12,2025, the company had 5,232,629 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. Upcoming Dividend • Dec 22
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.8%). Announcement • Nov 13
Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces an Equity Buyback for KRW 3,000 million worth of its shares. Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose of the program is stock stability through shareholder value upliftment. The program will expire on May 13, 2026. As of November 12,2025, the company had 4,280,269 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. Declared Dividend • Nov 08
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.7%. 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 (33% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 6 years and payments have been stable during that time. Announcement • Nov 07
Korea Export Packaging Industrial Co.,Ltd announces Annual dividend, payable on April 20, 2026 Korea Export Packaging Industrial Co.,Ltd announced Annual dividend of KRW 80.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Jun 24
Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces an Equity Buyback for 664,451 shares, for KRW 2,000 million. Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces a share repurchase program. Under the program, the company will repurchase up to 664,451 shares for KRW 2,000 million, pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose of the program is stock stability through shareholder value upliftment. The program will expire on December 22, 2025. As of June 22,2025, the company had 3,600,000 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. New Risk • May 24
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Dividend per share is over 89x earnings per share. Dividend yield: 2.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 89x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin). Market cap is less than US$100m (₩103.9b market cap, or US$76.2m). New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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 1.3% 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 (1.1% net profit margin). Market cap is less than US$100m (₩101.6b market cap, or US$70.1m). New Risk • Nov 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (₩101.8b market cap, or US$72.5m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩1,965, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total loss to shareholders of 25% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩498 (vs ₩531 in FY 2022) Full year 2023 results: EPS: ₩498 (down from ₩531 in FY 2022). Revenue: ₩312.3b (down 8.5% from FY 2022). Net income: ₩19.0b (down 6.3% from FY 2022). Profit margin: 6.1% (up from 6.0% 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 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 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%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,350, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Packaging industry in South Korea. Total returns to shareholders of 78% over the past three years. Announcement • Sep 01
Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces an Equity Buyback for KRW 2,300 million worth of its shares. Korea Export Packaging Industrial Co.,Ltd (KOSE:A002200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,300 million worth of its shares, pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is stock stability through shareholder value upliftment. The program will expire on February 28, 2024. As of August 28, 2023, the company had 1,726,000 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: ₩963 (vs ₩1,398 in 1Q 2022) First quarter 2023 results: EPS: ₩963 (down from ₩1,398 in 1Q 2022). Revenue: ₩77.6b (down 7.2% from 1Q 2022). Net income: ₩3.68b (down 31% from 1Q 2022). Profit margin: 4.7% (down from 6.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: ₩5,308 (vs ₩4,120 in FY 2021) Full year 2022 results: EPS: ₩5,308 (up from ₩4,120 in FY 2021). Revenue: ₩341.4b (up 7.0% from FY 2021). Net income: ₩20.3b (up 28% from FY 2021). Profit margin: 6.0% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩700 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩27,750, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Packaging industry in South Korea. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.4%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩2,090 (vs ₩4,505 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩264.8b (down 2.5% from FY 2019). Net income: ₩8.35b (down 54% from FY 2019). Profit margin: 3.2% (down from 6.6% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 03
Korea Export Packaging Industrial Co.,Ltd, Annual General Meeting, Mar 24, 2021 Korea Export Packaging Industrial Co.,Ltd, Annual General Meeting, Mar 24, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 15
New 90-day high: ₩25,200 The company is up 21% from its price of ₩20,750 on 17 November 2020. The South Korean market is also up 21% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Packaging industry, which is up 32% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 22% share price gain to ₩24,600, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 10x in the Packaging industry in South Korea. Total returns to shareholders over the past three years are 68%. Is New 90 Day High Low • Nov 09
New 90-day high: ₩19,500 The company is up 4.0% from its price of ₩18,700 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 14% over the same period. 
