Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩30,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Chemicals industry in South Korea. Total loss to shareholders of 3.9% over the past three years. Announcement • Apr 25
PI Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 PI Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩21,150, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in South Korea. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩41,192 per share. New Risk • Mar 26
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 13% 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 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 (13% average weekly change). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩22,900, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩41,455 per share. Announcement • Mar 05
PI Advanced Materials Co., Ltd., Annual General Meeting, Mar 20, 2026 PI Advanced Materials Co., Ltd., Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 27, godeung1-gil, iwal-myeo, jincheon-gun, chungcheongbuk-do, South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩16,620, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Chemicals industry in South Korea. Total loss to shareholders of 52% over the past three years. Reported Earnings • Feb 10
Full year 2025 earnings released Full year 2025 results: Revenue: ₩263.4b (up 4.8% from FY 2024). Net income: ₩30.4b (up 30% from FY 2024). Profit margin: 12% (up from 9.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Chemicals industry in South Korea. Price Target Changed • Feb 07
Price target decreased by 7.8% to ₩23,750 Down from ₩25,750, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₩18,930. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of ₩1,047 for next year compared to ₩796 last year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩19,300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in South Korea. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩33,443 per share. Announcement • Feb 03
PI Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Feb 06, 2026 PI Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Feb 06, 2026 Price Target Changed • Jan 28
Price target decreased by 7.6% to ₩24,333 Down from ₩26,333, the current price target is an average from 3 analysts. New target price is 48% above last closing price of ₩16,480. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₩1,026 for next year compared to ₩796 last year. Reported Earnings • Nov 16
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩68.4b (down 3.2% from 3Q 2024). Net income: ₩8.43b (up 35% from 3Q 2024). Profit margin: 12% (up from 8.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in South Korea. Announcement • Oct 31
PI Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Nov 05, 2025 PI Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Nov 05, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₩72.5b (down 1.7% from 2Q 2024). Net income: ₩11.5b (down 15% from 2Q 2024). Profit margin: 16% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
PI Advanced Materials Co., Ltd. to Report Q2, 2025 Results on Jul 29, 2025 PI Advanced Materials Co., Ltd. announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • Jun 13
PI Advanced Materials Co., Ltd.(KOSE:A178920) dropped from KOSPI 200 Index PI Advanced Materials Co., Ltd. has been dropped from the KOSPI 200 Index. Announcement • Apr 30
PI Advanced Materials Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 PI Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Price Target Changed • Mar 04
Price target decreased by 12% to ₩28,600 Down from ₩32,571, the current price target is an average from 5 analysts. New target price is 57% above last closing price of ₩18,170. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩1,318 for next year compared to ₩796 last year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩21,700, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Chemicals industry in South Korea. Total loss to shareholders of 48% over the past three years. Reported Earnings • Feb 08
Full year 2024 earnings released Full year 2024 results: Revenue: ₩251.3b (up 16% from FY 2023). Net income: ₩23.4b (up ₩25.2b from FY 2023). Profit margin: 9.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Jan 31
PI Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Feb 05, 2025 PI Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Feb 05, 2025 Price Target Changed • Jan 14
Price target decreased by 9.5% to ₩32,571 Down from ₩36,000, the current price target is an average from 7 analysts. New target price is 78% above last closing price of ₩18,300. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₩907 next year compared to a net loss per share of ₩61.15 last year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩19,940, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Chemicals industry in South Korea. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩11,687 per share. 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 ₩16,800, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Chemicals industry in South Korea. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩11,576 per share. Reported Earnings • Nov 06
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₩70.7b (up 15% from 3Q 2023). Net income: ₩6.45b (up 53% from 3Q 2023). Profit margin: 9.1% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in South Korea. Announcement • Oct 29
PI Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Nov 01, 2024 PI Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩21,650, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Chemicals industry in South Korea. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩11,863 per share. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩23,850, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Chemicals industry in South Korea. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,048 per share. Announcement • Jul 25
PI Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Jul 30, 2024 PI Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Jul 30, 2024 Reported Earnings • May 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₩51.8b (up 22% from 1Q 2023). Net income: ₩1.49b (up ₩9.52b from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
PI Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 PI Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Feb 15
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to ₩23,250. The fair value is estimated to be ₩19,184, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Feb 07
Price target decreased by 7.7% to ₩32,875 Down from ₩35,625, the current price target is an average from 8 analysts. New target price is 42% above last closing price of ₩23,200. The company is forecast to post earnings per share of ₩41.80 for next year compared to ₩1,557 last year. Announcement • Feb 01
PI Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 PI Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Price Target Changed • Jan 13
Price target decreased by 8.9% to ₩37,250 Down from ₩40,889, the current price target is an average from 8 analysts. New target price is 35% above last closing price of ₩27,650. The company is forecast to post earnings per share of ₩41.80 for next year compared to ₩1,557 last year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩779 per share at 2.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.8%). Announcement • Dec 02
Arkema S.A. (ENXTPA:AKE) completed the acquisition of 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity. Arkema S.A. (ENXTPA:AKE) agreed to acquire a 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity for approximately €730 million on June 28, 2023. The transaction price is based on a €728 million enterprise value for the 54% stake, representing c.20x the average 2021/2022 EBITDA. Transaction fully financed in cash, maintaining a strong balance sheet with a net debt on EBITDA ratio within Arkema’s financial leverage objective of 2x. The deal, which is subject to the approval of Chinese and Korean anti-trust authorities, should be finalized end-2023. Morgan Stanley acted as financial advisor to Arkema.
Arkema S.A. (ENXTPA:AKE) completed the acquisition of 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity on December 1, 2023. Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₩61.4b (down 13% from 3Q 2022). Net income: ₩4.21b (down 69% from 3Q 2022). Profit margin: 6.9% (down from 19% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Oct 27
PI Advanced Materials Co., Ltd. to Report Q3, 2023 Results on Nov 01, 2023 PI Advanced Materials Co., Ltd. announced that they will report Q3, 2023 results on Nov 01, 2023 Reported Earnings • Jul 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₩60.2b (down 20% from 2Q 2022). Net income: ₩2.18b (down 83% from 2Q 2022). Profit margin: 3.6% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in South Korea. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Arkema S.A. (ENXTPA:AKE) agreed to acquire a 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity for approximately €730 million. Arkema S.A. (ENXTPA:AKE) agreed to acquire a 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity for approximately €730 million on June 28, 2023. The transaction price is based on a €728 million enterprise value for the 54% stake, representing c.20x the average 2021/2022 EBITDA. Transaction fully financed in cash, maintaining a strong balance sheet with a net debt on EBITDA ratio within Arkema’s financial leverage objective of 2x. The deal, which is subject to the approval of Chinese and Korean anti-trust authorities, should be finalized end-2023. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩39,500, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 11x in the Chemicals industry in South Korea. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩21,817 per share. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩37,050, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 12x in the Chemicals industry in South Korea. Total returns to shareholders of 52% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,090 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.4%). Price Target Changed • Nov 23
Price target decreased to ₩48,429 Down from ₩54,444, the current price target is an average from 7 analysts. New target price is 53% above last closing price of ₩31,650. The company posted earnings per share of ₩2,179 last year. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩462 (vs ₩533 in 3Q 2021) Third quarter 2022 results: EPS: ₩462 (down from ₩533 in 3Q 2021). Revenue: ₩70.3b (down 13% from 3Q 2021). Net income: ₩13.6b (down 13% from 3Q 2021). Profit margin: 19% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 26
Price target decreased to ₩55,333 Down from ₩60,000, the current price target is an average from 9 analysts. New target price is 86% above last closing price of ₩29,800. The company posted earnings per share of ₩2,179 last year. 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 ₩31,000, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 12x in the Chemicals industry in South Korea. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩42,100, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 15x in the Chemicals industry in South Korea. Total returns to shareholders of 47% over the past three years. Announcement • Apr 21
PI Advanced Materials Co., Ltd. to Report Q1, 2022 Results on Apr 25, 2022 PI Advanced Materials Co., Ltd. announced that they will report Q1, 2022 results on Apr 25, 2022 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩42,950, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 16x in the Chemicals industry in South Korea. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩711 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for PI Advanced Materials since going public. The average dividend yield among industry peers is 1.5%. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₩50,300, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 18x in the Chemicals industry in South Korea. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS ₩1,077 (vs ₩636 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩80.3b (up 7.8% from 3Q 2020). Net income: ₩15.6b (up 34% from 3Q 2020). Profit margin: 20% (up from 16% 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 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩47,500, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 19x in the Chemicals industry in South Korea. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 21% share price gain to ₩64,100, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 21x in the Chemicals industry in South Korea. Total returns to shareholders of 40% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩57,500 Up from ₩53,545, the current price target is provided by 1 analyst. New target price is 12% above last closing price of ₩51,500. Stock is up 58% over the past year. Price Target Changed • Feb 20
Price target raised to ₩50,889 Up from ₩47,222, the current price target is provided by 1 analyst. The new target price is 8.2% above the current share price of ₩47,050. As of last close, the stock is up 21% over the past year. Is New 90 Day High Low • Feb 10
New 90-day high: ₩44,350 The company is up 50% from its price of ₩29,500 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₩38,600 The company is up 30% from its price of ₩29,800 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₩38,050 The company is up 19% from its price of ₩31,900 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₩37,400, the stock is trading at a trailing P/E ratio of 32.3x, up from the previous P/E ratio of 27.5x. This compares to an average P/E of 15x in the Chemicals industry in South Korea. Total return to shareholders over the past three years is a loss of 19%. Is New 90 Day High Low • Nov 27
New 90-day high: ₩32,250 The company is up 13% from its price of ₩28,650 on 28 August 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 13% over the same period. Announcement • Jul 26
PI Advanced Materials Co., Ltd. to Report Q2, 2020 Results on Jul 27, 2020 PI Advanced Materials Co., Ltd. announced that they will report Q2, 2020 results on Jul 27, 2020