Major Estimate Revision • Jun 27
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ₩3.38b to ₩3.30b. EPS estimate rose from ₩1,172 to ₩1,325. Net income forecast to grow 3.2% next year vs 48% growth forecast for Metals and Mining industry in South Korea. Consensus price target down from ₩7,750 to ₩7,500. Share price fell 8.8% to ₩5,050 over the past week. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩6,220, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Metals and Mining industry in South Korea. Total loss to shareholders of 25% over the past three years. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 27% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₩1,613 to ₩1,172 per share. Revenue forecast steady at ₩3.38b. Net income forecast to shrink 5.1% next year vs 52% growth forecast for Metals and Mining industry in South Korea . Consensus price target broadly unchanged at ₩7,750. Share price rose 15% to ₩6,120 over the past week. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩5,660, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Metals and Mining industry in South Korea. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,770, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,056 per share. Announcement • Apr 24
KG Dongbu Steel Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 KG Dongbu Steel Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩1,394 (up from ₩1,338 in FY 2024). Revenue: ₩3.19t (down 3.3% from FY 2024). Net income: ₩135.1b (up 1.3% from FY 2024). Profit margin: 4.2% (up from 4.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to ₩5,330. The fair value is estimated to be ₩6,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period. Announcement • Feb 24
KG Dongbu Steel Co.,Ltd., Annual General Meeting, Mar 24, 2026 KG Dongbu Steel Co.,Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 92, tongil-ro, jung-gu, seoul South Korea New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Declared Dividend • Feb 11
Dividend increased to ₩300 Dividend of ₩300 is 20% higher than last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 5.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% 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. This is currently the only risk that has been identified for the company. Announcement • Feb 27
KG Dongbu Steel Co.,Ltd., Annual General Meeting, Mar 26, 2025 KG Dongbu Steel Co.,Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: harmony hall, 92, tongil-ro, jung-gu, seoul South Korea Announcement • Dec 14
KG Dongbu Steel Co.,Ltd.(KOSE:A016380) dropped from KOSPI 200 Index KG Dongbusteel Co., Ltd. has been dropped from the KOSPI 200 Index . Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,580, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in South Korea. Total loss to shareholders of 47% over the past three years. Announcement • Sep 05
KG Dongbu Steel Co.,Ltd. (KOSE:A016380) announces an Equity Buyback for KRW 20,000 million worth of its shares. KG Dongbu Steel Co.,Ltd. (KOSE:A016380) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value. The program will expire on March 3, 2025. As of September 4, 2024, the company had 778 shares in treasury within scope available for dividend and had 5,807 shares in treasury under other acquisitions. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,420, the stock trades at a trailing P/E ratio of 2.9x. Average forward P/E is 11x in the Metals and Mining industry in South Korea. Total loss to shareholders of 65% over the past three years. Announcement • Mar 28
KG Eco Technology Services Co., Ltd. (KOSDAQ:A151860) completed the acquisition of a 40% stake in KG Dongbu Steel Co.,Ltd. (KOSE:A016380) KG Eco Technology Services Co., Ltd. (KOSDAQ:A151860) agreed to acquire a 40% stake in KG Dongbu Steel Co.,Ltd. (KOSE:A016380) on March 19, 2024. KG Eco Technology Services Co., Ltd. (KOSDAQ:A151860) completed the acquisition of a 40% stake in KG Dongbu Steel Co.,Ltd. (KOSE:A016380) on March 26, 2024. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩2,342 (vs ₩5,357 in FY 2022) Full year 2023 results: EPS: ₩2,342 (down from ₩5,357 in FY 2022). Revenue: ₩3.43t (down 10% from FY 2022). Net income: ₩234.4b (down 56% from FY 2022). Profit margin: 6.8% (down from 14% in FY 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share at 1.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.7%). New Risk • Oct 18
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 9.4% 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 High level of debt (42% net debt to equity). 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 (9.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩13,440, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total loss to shareholders of 3.7% over the past three years. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: ₩5,357 (vs ₩1,908 in FY 2021) Full year 2022 results: EPS: ₩5,357 (up from ₩1,908 in FY 2021). Revenue: ₩3.82t (up 14% from FY 2021). Net income: ₩536.0b (up 181% from FY 2021). Profit margin: 14% (up from 5.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩9,690, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 38% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 4.8% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Board Change • Nov 16
Insufficient new 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. 1 highly experienced director. Independent Outside Director Kyung-Noh Hwang was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩11,000, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₩17,350, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩17,250, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 44% over the past three years. Board Change • Apr 27
Insufficient new 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. 1 highly experienced director. Independent Outside Director Kyung-Noh Hwang was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 34% share price gain to ₩24,300, the stock trades at a trailing P/E ratio of 12.7x. 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. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 45% share price gain to ₩16,350, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 42% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩731 (vs ₩234 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩915.7b (up 56% from 3Q 2020). Net income: ₩73.1b (up 212% from 3Q 2020). Profit margin: 8.0% (up from 4.0% 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 138% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩17,200, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 18x in the Metals and Mining industry in South Korea. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 21% share price gain to ₩23,450, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 30x in the Metals and Mining industry in South Korea. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₩18,100, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 23x in the Metals and Mining industry in South Korea. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 21% share price gain to ₩15,100, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 19x in the Metals and Mining industry in South Korea. Total loss to shareholders of 53% over the past three years. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS ₩668 (vs ₩925 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩2.34t (down 3.5% from FY 2019). Net income: ₩66.8b (up ₩100.1b from FY 2019). Profit margin: 2.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ₩13,000 The company is up 64% from its price of ₩7,920 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 32% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 26% share price gain to ₩11,350, the stock is trading at a trailing P/E ratio of 20.9x, up from the previous P/E ratio of 16.5x. This compares to an average P/E of 16x in the Metals and Mining industry in South Korea. Total return to shareholders over the past three years is a loss of 53%. Is New 90 Day High Low • Oct 30
New 90-day low: ₩7,760 The company is down 35% from its price of ₩11,950 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩11,150 The company is down 14% from its price of ₩13,000 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. 
