Announcement • Mar 13
Wonlim Corporation, Annual General Meeting, Mar 26, 2026 Wonlim Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 27, gangnamdae-ro, seocho-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 28 April 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩613 (vs ₩60.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩613 (up from ₩60.00 loss in 3Q 2024). Revenue: ₩21.0b (up 12% from 3Q 2024). Net income: ₩1.26b (up ₩1.38b from 3Q 2024). Profit margin: 6.0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 08
Dividend of ₩400 announced Dividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 28th April 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Wonlim Corporation announces Annual dividend, payable on April 28, 2026 Wonlim Corporation announced Annual dividend of KRW 400.0000 per share payable on April 28, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩204 (vs ₩361 in 2Q 2024) Second quarter 2025 results: EPS: ₩204 (down from ₩361 in 2Q 2024). Revenue: ₩20.3b (up 2.0% from 2Q 2024). Net income: ₩420.1m (down 43% from 2Q 2024). Profit margin: 2.1% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩1,961 (vs ₩3,577 in FY 2023) Full year 2024 results: EPS: ₩1,961 (down from ₩3,577 in FY 2023). Revenue: ₩82.4b (down 2.4% from FY 2023). Net income: ₩4.03b (down 45% from FY 2023). Profit margin: 4.9% (down from 8.7% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 18
Wonlim Corporation, Annual General Meeting, Mar 31, 2025 Wonlim Corporation, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 27, gangnam-daero, seocho-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.8%). 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. Large one-off items impacting financial results. Market cap is less than US$100m (₩26.8b market cap, or US$18.8m). Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₩14,690. The fair value is estimated to be ₩19,169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 18%. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩3,577 (vs ₩3,500 in FY 2022) Full year 2023 results: EPS: ₩3,577 (up from ₩3,500 in FY 2022). Revenue: ₩84.4b (up 3.0% from FY 2022). Net income: ₩7.36b (up 2.2% from FY 2022). Profit margin: 8.7% (down from 8.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% 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 ₩350 per share at 1.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 26 April 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.6%). New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Market cap is less than US$100m (₩39.2b market cap, or US$30.0m). Reported Earnings • May 21
First quarter 2023 earnings released: EPS: ₩937 (vs ₩1,377 in 1Q 2022) First quarter 2023 results: EPS: ₩937 (down from ₩1,377 in 1Q 2022). Revenue: ₩21.9b (down 6.0% from 1Q 2022). Net income: ₩1.93b (down 32% from 1Q 2022). Profit margin: 8.8% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩3,500 (vs ₩685 in FY 2021) Full year 2022 results: EPS: ₩3,500 (up from ₩685 in FY 2021). Revenue: ₩81.9b (up 2.8% from FY 2021). Net income: ₩7.20b (up 411% from FY 2021). Profit margin: 8.8% (up from 1.8% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 26 April 2023. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.5%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩201 (vs ₩158 in 3Q 2021) Third quarter 2022 results: EPS: ₩201 (up from ₩158 in 3Q 2021). Revenue: ₩18.3b (down 10% from 3Q 2021). Net income: ₩412.6m (up 27% from 3Q 2021). Profit margin: 2.3% (up from 1.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 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. 8 experienced directors. No highly experienced directors. 1 independent director (7 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 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩19,150, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₩25,500, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 12x in the Packaging industry in South Korea. Total returns to shareholders of 56% 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. 8 experienced directors. No highly experienced directors. 1 independent director (7 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 ₩476 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 April 2022. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 2.6%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩21,700, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 17x in the Packaging industry in South Korea. Total returns to shareholders of 21% over the past three years. Announcement • Mar 13
Wonlim Corporation, Annual General Meeting, Mar 29, 2021 Wonlim Corporation, Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 26
New 90-day high: ₩20,650 The company is up 13% from its price of ₩18,238 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩20,500 The company is up 24% from its price of ₩16,571 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩19,350 The company is up 19% from its price of ₩16,238 on 29 September 2020. The South Korean market is also up 19% 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 20% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.1%). Is New 90 Day High Low • Dec 21
New 90-day high: ₩20,300 The company is up 18% from its price of ₩17,250 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: ₩19,950 The company is up 13% from its price of ₩17,700 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 25% over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: ₩18,950 The company is up 10.0% from its price of ₩17,250 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Packaging industry, which is also up 10.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ₩18,200 The company is up 11% from its price of ₩16,350 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 15% over the same period.