Announcement • Feb 13
DongWon Development Co.,Ltd., Annual General Meeting, Mar 27, 2026 DongWon Development Co.,Ltd., Annual General Meeting, Mar 27, 2026, at 10:30 Tokyo Standard Time. Location: conference room, 754, suyeong-ro, suyeong-gu, busan South Korea Announcement • Jan 19
DongWon Development Co.,Ltd. (KOSDAQ:A013120) announces an Equity Buyback for KRW 5,000 million worth of its shares. DongWon Development Co.,Ltd. (KOSDAQ:A013120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Daishin Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on July 20, 2026. As of January 18, 2026, the company had 1,769,911 shares in treasury within scope available for dividend and had 2,825 shares in treasury through other repurchase. Upcoming Dividend • Dec 22
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (3.8%). Declared Dividend • Nov 08
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th April 2026 Dividend yield will be 3.1%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 28x earnings). However, it is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3,121% to bring the payout ratio under control. However, EPS has declined by 72% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 07
DongWon Development Co.,Ltd. announces Annual dividend, payable on April 27, 2026 DongWon Development Co.,Ltd. announced Annual dividend of KRW 80.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Oct 13
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 7.4% 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: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 28x earnings per share). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin). Buy Or Sell Opportunity • Feb 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to ₩2,235. The fair value is estimated to be ₩2,822, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 42%. Announcement • Feb 14
DongWon Development Co.,Ltd., Annual General Meeting, Mar 28, 2025 DongWon Development Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:30 Tokyo Standard Time. Location: conference room, 754, suyeong-ro, suyeong-gu, busan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (6.1%). 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 Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 34% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩469 (vs ₩737 in FY 2022) Full year 2023 results: EPS: ₩469 (down from ₩737 in FY 2022). Revenue: ₩736.6b (up 27% from FY 2022). Net income: ₩42.6b (down 36% from FY 2022). Profit margin: 5.8% (down from 12% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Mar 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Upcoming Dividend • Dec 20
Upcoming dividend of ₩160 per share at 5.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.1%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (4.2%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 ₩3,200, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 5x in the Real Estate industry in South Korea. Total loss to shareholders of 19% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 22
Upcoming dividend of ₩185 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Within top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (4.3%). Is New 90 Day High Low • Feb 22
New 90-day high: ₩5,330 The company is up 23% from its price of ₩4,325 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. Announcement • Feb 10
DongWon Development Co.,Ltd., Annual General Meeting, Mar 26, 2021 DongWon Development Co.,Ltd., Annual General Meeting, Mar 26, 2021, at 10:30 Korea Standard Time. Location: Meeting Room, 754, Suyeong-ro Suyeong-gu Busan South Korea Is New 90 Day High Low • Jan 25
New 90-day high: ₩5,270 The company is up 26% from its price of ₩4,170 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₩4,885 The company is up 29% from its price of ₩3,785 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₩4,445 The company is up 11% from its price of ₩3,990 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: ₩4,345 The company is up 14% from its price of ₩3,795 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ₩4,225 The company is up 22% from its price of ₩3,455 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 29% over the same period.