Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩126,700, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Metals and Mining industry in South Korea. Total loss to shareholders of 7.1% over the past three years. Price Target Changed • Jun 02
Price target increased by 9.4% to ₩175,667 Up from ₩160,500, the current price target is an average from 3 analysts. New target price is 28% above last closing price of ₩137,200. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of ₩17,230 for next year compared to ₩10,714 last year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩182,000, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Metals and Mining industry in South Korea. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩148,800, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 14x in the Metals and Mining industry in South Korea. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩91,338 per share. New Risk • Apr 01
New major risk - Revenue and earnings growth Revenue has declined by 18% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Revenue has declined by 18% over the past year. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Buy Or Sell Opportunity • Mar 31
Now 22% undervalued Over the last 90 days, the stock has risen 5.8% to ₩124,100. The fair value is estimated to be ₩158,898, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last year. Earnings per share has declined by 78%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 323% in the next 2 years. Upcoming Dividend • Mar 19
Upcoming dividend of ₩5,500 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 17 April 2026. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%). Reported Earnings • Mar 17
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₩10,714 (down from ₩48,949 in FY 2024). Revenue: ₩1.48t (down 18% from FY 2024). Net income: ₩30.0b (down 78% from FY 2024). Profit margin: 2.0% (down from 7.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Metals and Mining industry in South Korea. Announcement • Feb 05
SeAH Steel Corporation, Annual General Meeting, Mar 20, 2026 SeAH Steel Corporation, Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 45, yanghwa-ro, mapo-gu, seoul South Korea Major Estimate Revision • Jan 16
Consensus EPS estimates fall by 48% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.53b to ₩1.50b. EPS estimate also fell from ₩15,708 per share to ₩8,197 per share. Net income forecast to grow 7.2% next year vs 46% growth forecast for Metals and Mining industry in South Korea. Consensus price target of ₩154,750 unchanged from last update. Share price was steady at ₩115,700 over the past week. New Risk • Nov 23
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: 5.6% Last year net profit margin: 8.2% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Price Target Changed • Sep 01
Price target decreased by 14% to ₩170,667 Down from ₩198,250, the current price target is an average from 3 analysts. New target price is 29% above last closing price of ₩132,300. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₩20,171 for next year compared to ₩48,949 last year. New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% 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 8.0% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 20
Inaugural dividend of ₩7,000 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 18 April 2025. This is the first dividend for SeAH Steel since going public. The average dividend yield among industry peers is 2.7%. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩195,900, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 96% over the past three years. Price Target Changed • Mar 01
Price target increased by 8.3% to ₩195,000 Up from ₩180,000, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ₩160,700. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₩29,619 for next year compared to ₩67,438 last year. Announcement • Feb 06
SeAH Steel Corporation, Annual General Meeting, Mar 20, 2025 SeAH Steel Corporation, Annual General Meeting, Mar 20, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 45, yanghwa-ro, mapo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩141,500, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 69% over the past three years. New Risk • Nov 23
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: 9.1% 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. This is currently the only risk that has been identified for the company. Announcement • Oct 29
SeAH Steel Corporation (KOSE:A306200) completed the acquisition of SSIK Co., Ltd. from SeAH Steel Holdings Corporation (KOSE:A003030). SeAH Steel Corporation (KOSE:A306200) agreed to acquire SSIK Co., Ltd. from SeAH Steel Holdings Corporation (KOSE:A003030) for KRW 83.37 million on September 9, 2024. A cash consideration of KRW 83.37 million will be paid by SeAH Steel Corporation. As part of consideration, KRW 83.37 million is paid towards common equity of SSIK Co., Ltd.
The expected completion of the transaction is September 29, 2024.
SeAH Steel Corporation (KOSE:A306200) completed the acquisition of SSIK Co., Ltd. from SeAH Steel Holdings Corporation (KOSE:A003030) on October 29, 2024. Announcement • Sep 11
SeAH Steel Corporation (KOSE:A306200) agreed to acquire SSIK Co., Ltd. from SeAH Steel Holdings Corporation (KOSE:A003030) for KRW 83.37 million. SeAH Steel Corporation (KOSE:A306200) agreed to acquire SSIK Co., Ltd. from SeAH Steel Holdings Corporation (KOSE:A003030) for KRW 83.37 million on September 9, 2024. A cash consideration of KRW 83.37 million will be paid by SeAH Steel Corporation. As part of consideration, KRW 83.37 million is paid towards common equity of SSIK Co., Ltd.
The expected completion of the transaction is September 29, 2024. New Risk • Jan 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Dec 20
Inaugural dividend of ₩6,000 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. This is the first dividend for SeAH Steel since going public. The average dividend yield among industry peers is 2.7%. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩153,800, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 324% over the past three years. Upcoming Dividend • Dec 21
Inaugural dividend of ₩3,500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. This is the first dividend for SeAH Steel since going public. The average dividend yield among industry peers is 4.4%. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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 • Aug 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₩193,000, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₩163,000, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total returns to shareholders of 145% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩180,000 Up from ₩148,000, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₩153,500. Stock is up 32% over the past year. The company posted earnings per share of ₩32,640 last year. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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 • Apr 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₩137,500, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩2,500 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for SeAH Steel since going public. The average dividend yield among industry peers is 2.3%. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₩120,500, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₩134,500, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 30x in the Metals and Mining industry in South Korea. Total returns to shareholders of 228% over the past year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₩110,500, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 23x in the Metals and Mining industry in South Korea. Total returns to shareholders of 197% over the past year. Announcement • Mar 04
SeAH Steel Corporation, Annual General Meeting, Mar 26, 2021 SeAH Steel Corporation, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 06
New 90-day high: ₩101,000 The company is up 16% from its price of ₩87,000 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 Metals and Mining industry, which is up 32% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩2,000 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 29th of December. This is the first dividend for SeAH Steel since going public. The average dividend yield among industry peers is 3.1%. Announcement • Sep 21
SeAH Steel Corporation(KOSE:A306200) dropped from S&P Global BMI Index SeAH Steel Corporation(KOSE:A306200) dropped from S&P Global BMI Index