New Risk • Apr 03
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: 6.2% Last year net profit margin: 8.9% 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 Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (₩121.0b market cap, or US$80.1m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 28 April 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩271 (vs ₩250 in 3Q 2024) Third quarter 2025 results: EPS: ₩271 (up from ₩250 in 3Q 2024). Revenue: ₩102.2b (up 26% from 3Q 2024). Net income: ₩7.46b (up 8.0% from 3Q 2024). Profit margin: 7.3% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩150 announced Dividend of ₩150 is the same as last year. Ex-date: 29th December 2025 Payment date: 28th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Taekyung Bk Co., Ltd announces Annual dividend, payable on April 28, 2026 Taekyung Bk Co., Ltd announced Annual dividend of KRW 150.0000 per share payable on April 28, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Jul 18
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₩6,230. The fair value is estimated to be ₩4,717, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 19%. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,685, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 9x in the Basic Materials industry in South Korea. Total returns to shareholders of 3.2% over the past three years. Announcement • Mar 27
Taekyung Chemical Co., Ltd. (KOSE:A006890) and Taekyung Bk Co., Ltd (KOSE:A014580) completed the acquisition of 55.58% stake in Lion Chemtech Co., Ltd. (KOSDAQ:A171120) from group of seller. Taekyung Chemical Co., Ltd. (KOSE:A006890) and Taekyung Bk Co., Ltd (KOSE:A014580) agreed to acquire 55.58% stake in Lion Chemtech Co., Ltd. (KOSDAQ:A171120) from group of seller for approximately KRW 130 billion on December 26, 2024. A cash consideration of KRW 129.7 billion will be paid by Taekyung Chemical Co., Ltd. and Taekyung Bk Co., Ltd. As part of consideration, KRW 129.7 billion is paid towards common equity of Lion Chemtech Co., Ltd. The expected completion of the transaction is March 19, 2025. As of March 18, 2025, Taekyung Chemical Co., Ltd. and Taekyung Bk Co., Ltd revised the terms of the acquisition to acquire 55.58% stake in Lion Chemtech Co., Ltd. The transaction is expected to close on March 25, 2025.
Taekyung Chemical Co., Ltd. (KOSE:A006890) and Taekyung Bk Co., Ltd (KOSE:A014580) completed the acquisition of 55.58% stake in Lion Chemtech Co., Ltd. (KOSDAQ:A171120) from group of seller on March 25, 2025. The acquisition will be financed through own funds of KRW 16.2 billion and borrowed funds amounting to KRW 112 billion. Announcement • Feb 26
Taekyung Bk Co., Ltd, Annual General Meeting, Mar 28, 2025 Taekyung Bk Co., Ltd, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 467, gonghang-daero, gangseo-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩130 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,625, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Basic Materials industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Sep 17
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. Market cap is less than US$100m (₩118.6b market cap, or US$90.1m). New Risk • Jul 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.2b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (₩138.2b market cap, or US$99.6m). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩871 (vs ₩850 in FY 2022) Full year 2023 results: EPS: ₩871 (up from ₩850 in FY 2022). Revenue: ₩294.2b (down 15% from FY 2022). Net income: ₩24.0b (up 2.4% from FY 2022). Profit margin: 8.2% (up from 6.8% 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 50% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩130 per share at 1.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩9,380, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 13x in the Basic Materials industry in South Korea. Total returns to shareholders of 199% over the past three years. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩218 (vs ₩195 in 1Q 2022) First quarter 2023 results: EPS: ₩218 (up from ₩195 in 1Q 2022). Revenue: ₩73.2b (up 4.2% from 1Q 2022). Net income: ₩6.01b (up 12% from 1Q 2022). Profit margin: 8.2% (up from 7.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩7,490, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 13x in the Basic Materials industry in South Korea. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩9,600, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Basic Materials industry in South Korea. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩8,890, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 18x in the Basic Materials industry in South Korea. Total returns to shareholders of 279% over the past three years. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩850 (vs ₩338 in FY 2021) Full year 2022 results: EPS: ₩850 (up from ₩338 in FY 2021). Revenue: ₩345.1b (up 77% from FY 2021). Net income: ₩23.5b (up 151% from FY 2021). Profit margin: 6.8% (up from 4.8% 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 58% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,180, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 20x in the Basic Materials industry in South Korea. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩110 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 23% share price gain to ₩7,310, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 16x in the Basic Materials industry in South Korea. Total returns to shareholders of 90% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 26% share price gain to ₩6,060, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Basic Materials industry in South Korea. Total loss to shareholders of 8.0% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,555, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 17x in the Basic Materials industry in South Korea. Total returns to shareholders of 11% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩338 (up from ₩167 in FY 2020). Revenue: ₩195.2b (up 18% from FY 2020). Net income: ₩9.33b (up 102% from FY 2020). Profit margin: 4.8% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩5,170, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 18x in the Basic Materials industry in South Korea. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 32% share price gain to ₩7,040, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 26x in the Basic Materials industry in South Korea. Total returns to shareholders of 140% over the past three years. Announcement • Mar 03
Taekyung BK Co., Ltd, Annual General Meeting, Mar 29, 2021 Taekyung BK Co., Ltd, Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,325, the stock is trading at a trailing P/E ratio of 28.2x, down from the previous P/E ratio of 33.5x. This compares to an average P/E of 30x in the Basic Materials industry in South Korea. Total returns to shareholders over the past three years are 76%. Is New 90 Day High Low • Jan 22
New 90-day high: ₩4,525 The company is up 26% from its price of ₩3,580 on 23 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 42% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₩4,175 The company is up 17% from its price of ₩3,575 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₩3,965 The company is up 7.0% from its price of ₩3,690 on 17 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: ₩3,955 The company is up 1.0% from its price of ₩3,925 on 14 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 10.0% over the same period.