Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,200, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Specialty Retail industry in South Korea. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,679, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 18x in the Specialty Retail industry in South Korea. Total loss to shareholders of 21% over the past three years. Announcement • Mar 17
LVMC Holdings, Annual General Meeting, Mar 31, 2026 LVMC Holdings, Annual General Meeting, Mar 31, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 22, uisadang-daero, yeongdeungpo-gu, seoul South Korea 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 ₩1,400, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 19x in the Specialty Retail industry in South Korea. Total loss to shareholders of 31% over the past three years. Reported Earnings • Dec 03
Third quarter 2025 earnings released: EPS: ₩14.00 (vs ₩54.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩14.00 (up from ₩54.00 loss in 3Q 2024). Revenue: ₩85.2b (up 47% from 3Q 2024). Net income: ₩2.16b (up ₩10.3b from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Oct 31
LVMC Holdings announced that it expects to receive KRW 30 billion in funding LVMC Holdings announced private placement of 2% Series 3 Unregistered Unsecured Private Convertible Bonds due November 6, 2029 for gross proceeds of KRW 30,000,000,000 on October 29, 2025. The transaction includes participation from JB Woori-Koreawide No. 1 PEF for KRW 30,000,000,000. The bonds bear 2% interest rate, 6.5% yield to maturity rate and will mature on November 06, 2029. The bonds are 100% convertible into 17,084,282 shares at a conversion price of KRW 1,756 from November 06, 2026 to October 06, 2029. The bonds are restricted for 1 year. The transaction has been approved by board of directors of the company and is expected to close on November 06, 2025. Reported Earnings • Sep 03
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₩101.1b (up 61% from 2Q 2024). Net loss: ₩1.05b (loss narrowed 71% from 2Q 2024). 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. Announcement • Mar 14
LVMC Holdings, Annual General Meeting, Mar 28, 2025 LVMC Holdings, Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 22, uisadang-daero, yeongdeungpo-gu, seoul South Korea Reported Earnings • Dec 03
Third quarter 2024 earnings released: ₩54.00 loss per share (vs ₩26.00 loss in 3Q 2023) Third quarter 2024 results: ₩54.00 loss per share. Revenue: ₩58.0b (up 14% from 3Q 2023). Net loss: ₩8.14b (loss narrowed 22% from 3Q 2023). Reported Earnings • Sep 02
Second quarter 2024 earnings released: ₩27.00 loss per share (vs ₩104 loss in 2Q 2023) Second quarter 2024 results: ₩27.00 loss per share (improved from ₩104 loss in 2Q 2023). Revenue: ₩61.8b (down 9.5% from 2Q 2023). Net loss: ₩3.60b (loss narrowed 81% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jan 31
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 9.3% 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 Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Dec 03
Third quarter 2023 earnings released: ₩26.00 loss per share (vs ₩51.00 loss in 3Q 2022) Third quarter 2023 results: ₩26.00 loss per share. Revenue: ₩51.1b (up 9.4% from 3Q 2022). Net loss: ₩10.4b (loss widened 25% from 3Q 2022). Reported Earnings • Sep 02
Second quarter 2023 earnings released: ₩427 loss per share (vs ₩12.00 profit in 2Q 2022) Second quarter 2023 results: ₩427 loss per share (down from ₩12.00 profit in 2Q 2022). Revenue: ₩68.2b (up 25% from 2Q 2022). Net loss: ₩18.4b (down ₩19.5b from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Jun 17
New major risk - Revenue and earnings growth Earnings have declined by 2.4% 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 2.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Jun 02
First quarter 2023 earnings released: ₩64.00 loss per share (vs ₩24.00 loss in 1Q 2022) First quarter 2023 results: ₩64.00 loss per share (further deteriorated from ₩24.00 loss in 1Q 2022). Revenue: ₩82.1b (up 6.3% from 1Q 2022). Net loss: ₩7.77b (loss widened 235% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released: ₩51.00 loss per share (vs ₩11.00 loss in 3Q 2021) Third quarter 2022 results: ₩51.00 loss per share (further deteriorated from ₩11.00 loss in 3Q 2021). Revenue: ₩46.7b (up 17% from 3Q 2021). Net loss: ₩8.31b (loss widened 10% from 3Q 2021). Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Ingoo Han was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Sep 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩3,641, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 62%. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: ₩12.00 (vs ₩11.00 loss in 2Q 2021) Second quarter 2022 results: EPS: ₩12.00 (up from ₩11.00 loss in 2Q 2021). Revenue: ₩54.6b (up 26% from 2Q 2021). Net income: ₩1.05b (up ₩2.01b from 2Q 2021). Profit margin: 1.9% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: ₩24.00 loss per share (up from ₩256 loss in 1Q 2021). Revenue: ₩77.3b (up 30% from 1Q 2021). Net loss: ₩2.32b (loss narrowed 53% from 1Q 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Ingoo Han was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 13
LVMC Holdings announced that it has received KRW 36.96 billion in funding LVMC Holdings announced a private placement of series 2 of Overseas Bearer Type Unguaranteed Private Placement Convertible Bonds for gross proceeds of KRW 36,960,000,000 on April 12, 2022. The transaction included participation from Indochina Bank Ltd. The bonds will be issued at par. The bonds will bear any interest rate of 2% and to maturity rate of 7.5% per annum. The bonds will mature on April 11, 2027. The bonds are exchangeable into 10,899,439 common shares of KR Motors Co., Ltd. at a fixed exchange price of KRW 3,391 per share from April 12, 2023 to March 11, 2027. The date of subscription and expected date of payment is April 12, 2022. The transaction is approved by the board of directors of the company. The securities issued shall be subject to hold period of 1 year. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: ₩90.00 loss per share (up from ₩120 loss in 3Q 2020). Revenue: ₩39.9b (down 41% from 3Q 2020). Net loss: ₩7.55b (loss widened 21% from 3Q 2020). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Second quarter 2021 earnings released: ₩11.00 loss per share (vs ₩60.00 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₩43.4b (up 12% from 2Q 2020). Net loss: ₩960.1m (loss narrowed 67% from 2Q 2020). 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 2% per year, which means it is significantly lagging earnings. Announcement • Apr 25
LVMC Holdings announced that it has received KRW 8.1 billion in funding from Synergy Asset Management Co., Ltd. On April 23, 2021, LVMC Holdings (KOSE:A900140) closed the transaction. Announcement • Apr 22
LVMC Holdings announced that it expects to receive KRW 8.1 billion in funding from Synergy Asset Management Co., Ltd. LVMC Holdings (KOSE:A900140) announced that it will issue series 29 non-guaranteed private exchange bonds with bearer interest for gross proceeds of KRW 8,100,000,000 on April 20, 2021. The bonds will be issued at par. The transaction will include participation from Synergy Asset Management Co., Ltd. The bonds will bear fixed interest rate of 2% per annum. The bonds will mature on October 23, 2022. The bonds are exchangeable e into 5,921,052 common shares of KR Motors Co., Ltd. at a fixed exchange price of KRW 1,368 per share from April 28, 2021 to December 30, 2021. The date of subscription and expected date of payment is April 23, 2021. The transaction is approved by the board of directors of the company. Announcement • Mar 18
LVMC Holdings, Annual General Meeting, Mar 31, 2021 LVMC Holdings, Annual General Meeting, Mar 31, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 11
New 90-day high: ₩4,340 The company is up 1.0% from its price of ₩4,310 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 6.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: ₩120 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ₩67.1b (down 34% from 3Q 2019). Net loss: ₩6.24b (loss widened 30% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 08
New 90-day high: ₩4,320 The company is up 8.0% from its price of ₩4,010 on 10 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩3,465 The company is down 13% from its price of ₩3,970 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 3.0% over the same period. 