New Risk • Jul 23
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: Major Risk Earnings have declined by 33% per year over the past 5 years. 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 • Jul 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,500, the stock trades at a trailing P/E ratio of 5.2x. Average forward P/E is 11x in the Real Estate industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,030, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 11x in the Real Estate industry in Asia. Total loss to shareholders of 30% over the past three years. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩149.6b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩149.6b market cap, or US$99.3m). Announcement • Apr 25
Xi S&D Inc. to Report Q1, 2026 Results on Apr 30, 2026 Xi S&D Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 26% 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 26% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩895 (vs ₩3.00 in FY 2024) Full year 2025 results: EPS: ₩895 (up from ₩3.00 in FY 2024). Revenue: ₩1.39t (down 12% from FY 2024). Net income: ₩35.6b (up ₩34.0b from FY 2024). Profit margin: 2.6% (up from 0.1% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,100, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 15x in the Real Estate industry in Asia. Total loss to shareholders of 32% over the past three years. Announcement • Feb 24
Xi S&D Inc., Annual General Meeting, Mar 24, 2026 Xi S&D Inc., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 173, toegye-ro, jung-gu, seoul South Korea Declared Dividend • Feb 09
Dividend of ₩150 announced Dividend of ₩150 is the same as last year. Ex-date: 26th February 2026 Payment date: 1st January 1970 Dividend yield will be 3.3%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 07
Xi S&D Inc. announces Annual dividend Xi S&D Inc. announced Annual dividend of KRW 150.0000 per share, ex-date on February 26, 2026 and record date on February 27, 2026. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,670, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 16x in the Real Estate industry in Asia. Total loss to shareholders of 34% over the past three years. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings have declined by 29% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩3.00 (vs ₩1,009 in FY 2023) Full year 2024 results: EPS: ₩3.00 (down from ₩1,009 in FY 2023). Revenue: ₩1.58t (down 34% from FY 2023). Net income: ₩1.65b (down 96% from FY 2023). Profit margin: 0.1% (down from 1.7% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Real Estate industry in Asia. 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 31% per year, which means it has not declined as severely as earnings. Announcement • Feb 22
Xi S&D Inc., Annual General Meeting, Mar 25, 2025 Xi S&D Inc., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 173, toegye-ro, jung-gu, seoul South Korea Announcement • Jan 23
Xi S&D Inc. to Report Fiscal Year 2024 Results on Feb 03, 2025 Xi S&D Inc. announced that they will report fiscal year 2024 results on Feb 03, 2025 New Risk • Nov 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.4b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₩139.4b market cap, or US$99.8m). Announcement • Aug 08
Xi S&D Inc. (KOSE:A317400) acquired 60% stake in Xi C&A Co., Ltd. from GFS Co., Ltd. Xi S&D Inc. (KOSE:A317400) acquired 60% stake in Xi C&A Co., Ltd. from GFS Co., Ltd. on July 31, 2024. As per the transaction, Xi S&D Inc. will acquire 2.4 million shares of Xi C&A Co., Ltd.
Xi S&D Inc. (KOSE:A317400) completed the acquisition of 60% stake in Xi C&A Co., Ltd. from GFS Co., Ltd. on July 31, 2024. Announcement • May 18
Xi S&D Inc. (KOSE:A317400) announces an Equity Buyback for KRW 3,000 million worth of its shares. Xi S&D Inc. (KOSE:A317400) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Korea Investment & Securities. The purpose of the program is to stabilize stock price and enhance the shareholder value. The program will expire on November 18, 2024. As of May 15, 2024, the company had no shares in treasury within scope available for dividend and under other acquisitions. Announcement • May 17
Xi S&D Inc. (KOSE:A317400) agreed to acquire the remaining 49% stake in GFS Co., Ltd. for KRW 110 billion Xi S&D Inc. (KOSE:A317400) agreed to acquire the remaining 49% stake in GFS Co., Ltd. for KRW 110 billion on May 16, 2024. Xi S&D Inc. will acquire the remaining 2.4 million shares. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.1%). New Risk • Jun 13
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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (3.3% net profit margin). Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.2%). Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: EPS: ₩418. Net income: ₩16.6b (up ₩16.6b from 3Q 2021). Price Target Changed • Nov 16
Price target decreased to ₩10,000 Down from ₩13,860, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ₩6,470. Stock is down 30% over the past year. The company posted earnings per share of ₩1,052 last year. Price Target Changed • Oct 30
Price target decreased to ₩10,000 Down from ₩13,860, the current price target is provided by 1 analyst. New target price is 63% above last closing price of ₩6,130. Stock is down 36% over the past year. The company posted earnings per share of ₩1,052 last year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 16% share price gain to ₩6,850, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 5x in the Real Estate industry in South Korea. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩6,980, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 6x in the Real Estate industry in South Korea. Total loss to shareholders of 35% over the past year. Upcoming Dividend • Dec 22
Inaugural dividend of ₩150 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 Xi S&D since going public. The average dividend yield among industry peers is 4.4%. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩259 (vs ₩164 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩98.9b (up 28% from 3Q 2020). Net income: ₩10.0b (up 128% from 3Q 2020). Profit margin: 10% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Announcement • May 05
Xi S&D Inc. has completed a Follow-on Equity Offering in the amount of KRW 109.92 billion. Xi S&D Inc. has completed a Follow-on Equity Offering in the amount of KRW 109.92 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: KRW 9160
Discount Per Security: KRW 36.64
Transaction Features: ESOP Related Offering; Rights Offering Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 19% share price gain to ₩12,400, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 14x in the Real Estate industry in Asia. Total returns to shareholders of 261% over the past year. Is New 90 Day High Low • Mar 10
New 90-day low: ₩10,550 The company is down 2.0% from its price of ₩10,750 on 10 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. Announcement • Feb 27
Xi S&D Inc., Annual General Meeting, Mar 26, 2021 Xi S&D Inc., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Price Target Changed • Jan 31
Price target raised to ₩11,883 Up from ₩11,050, the current price target is provided by 1 analyst. The new target price is close to the current share price of ₩12,000. As of last close, the stock is up 111% over the past year. Announcement • Jan 26
Xi S&D Inc. to Report Q4, 2020 Final Results on Jan 28, 2021 Xi S&D Inc. announced that they will report Q4, 2020 final results on Jan 28, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: ₩13,000 The company is up 58% from its price of ₩8,230 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩100.00 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. This is the first dividend for Xi S&D since going public. The average dividend yield among industry peers is 4.2%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 25% share price gain to ₩12,400, the stock is trading at a trailing P/E ratio of 18.6x, up from the previous P/E ratio of 14.8x. This compares to an average P/E of 7x in the Real Estate industry in South Korea. Total returns to shareholders over the past year are 114%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₩11,450, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 7x in the Real Estate industry in South Korea. Total returns to shareholders over the past year are 104%. Is New 90 Day High Low • Dec 04
New 90-day high: ₩9,770 The company is up 22% from its price of ₩7,990 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: ₩8,910 The company is up 14% from its price of ₩7,850 on 07 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 Real Estate industry, which is up 12% over the same period. Announcement • Oct 18
Xi S&D Inc. to Report Q3, 2020 Results on Oct 21, 2020 Xi S&D Inc. announced that they will report Q3, 2020 results on Oct 21, 2020 Announcement • Jul 26
Xi S&D Inc. to Report First Half, 2020 Results on Jul 29, 2020 Xi S&D Inc. announced that they will report first half, 2020 results on Jul 29, 2020 Announcement • Jun 20
An unknown buyer acquired 5.6% stake in Xi S&D Inc. (KOSE:A317400) from GS Neotek Co., Ltd. for KRW 8.6 billion. An unknown buyer acquired 5.6% stake in Xi S&D Inc. (KOSE:A317400) from GS Neotek Co., Ltd. for KRW 8.6 billion on June 18, 2020. Buyer acquired 1.5 million shares.
An unknown buyer completed the acquisition of 5.6% stake in Xi S&D Inc. (KOSE:A317400) from GS Neotek Co., Ltd. on June 18, 2020. 
