Upcoming Dividend • Jun 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 22 July 2026. Trailing yield: 4.0%. Lower than top quartile of South Korean dividend payers (4.2%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩13,620, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 16x in the Chemicals industry in South Korea. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩112,000, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 13x in the Chemicals industry in South Korea. Total returns to shareholders of 103% over the past three years. Announcement • Feb 06
Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 17, 2026 Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 17, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 247, jangsaengpo-ro, nam-gu, ulsan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩2,000 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 11
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩72.8b (up 13% from 3Q 2024). Net income: ₩7.95b (up 42% from 3Q 2024). Profit margin: 11% (up from 8.7% in 3Q 2024). The increase in margin was driven by higher revenue. Announcement • Jul 10
Miwon Chemicals Co., Ltd. (KOSE:A134380) announces an Equity Buyback for 22,000 shares, for KRW 1,709.4 million. Miwon Chemicals Co., Ltd. (KOSE:A134380) announces a share repurchases program. Under the program, the company will repurchase up to 22,000 shares for KRW 1,709.4 million. The purpose of the program is to enhance shareholder value and to stabilize stock price. The program will expire on October 10, 2025. As of July 9, 2025, the company had 189,951 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. Announcement • Feb 07
Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 18, 2025 Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 18, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 247, jangsaengpo-ro, nam-gu, ulsan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,000 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Trailing yield: 5.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.2%). Upcoming Dividend • Jun 20
Upcoming dividend of ₩1,500 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 July 2024. Trailing yield: 5.0%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Jun 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₩81,200. The fair value is estimated to be ₩67,583, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₩3,731 (vs ₩2,504 in 1Q 2023) First quarter 2024 results: EPS: ₩3,731 (up from ₩2,504 in 1Q 2023). Revenue: ₩62.5b (up 10% from 1Q 2023). Net income: ₩7.47b (up 46% from 1Q 2023). Profit margin: 12% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,500 per share at 4.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Trailing yield: 4.3%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩2,951 (vs ₩3,538 in 3Q 2022) Third quarter 2023 results: EPS: ₩2,951 (down from ₩3,538 in 3Q 2022). Revenue: ₩55.1b (down 14% from 3Q 2022). Net income: ₩5.94b (down 18% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of ₩1,000 per share at 4.6% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 July 2023. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (1.5%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ₩3,538 (vs ₩1,410 in 3Q 2021) Third quarter 2022 results: EPS: ₩3,538 (up from ₩1,410 in 3Q 2021). Revenue: ₩64.2b (up 31% from 3Q 2021). Net income: ₩7.23b (up 152% from 3Q 2021). Profit margin: 11% (up from 5.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: ₩1,885 (vs ₩1,400 in 1Q 2021) First quarter 2022 results: EPS: ₩1,885 (up from ₩1,400 in 1Q 2021). Revenue: ₩57.6b (up 30% from 1Q 2021). Net income: ₩3.85b (up 35% from 1Q 2021). Profit margin: 6.7% (up from 6.4% 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 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,500 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 28 March 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩1,410 (vs ₩1,843 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₩49.0b (up 20% from 3Q 2020). Net income: ₩2.87b (down 23% from 3Q 2020). Profit margin: 5.9% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 22
Inaugural dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 24 July 2021. This is the first dividend for Miwon Chemicals since going public. The average dividend yield among industry peers is 1.4%. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩1,400 (vs ₩2,019 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₩44.3b (up 8.4% from 1Q 2020). Net income: ₩2.85b (down 30% from 1Q 2020). Profit margin: 6.4% (down from 10.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 25% share price gain to ₩83,500, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 19x in the Chemicals industry in South Korea. Total returns to shareholders of 60% over the past three years. Announcement • Feb 19
Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 16, 2021 Miwon Chemicals Co., Ltd., Annual General Meeting, Mar 16, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 05
New 90-day high: ₩64,700 The company is up 14% from its price of ₩56,800 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: ₩58,600 The company is up 9.0% from its price of ₩53,700 on 14 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ₩1,835 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₩40.8b (up 1.5% from 3Q 2019). Net income: ₩3.72b (down 18% from 3Q 2019). Profit margin: 9.1% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.