Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,700, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 16% over the past three years. New Risk • Jul 09
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 5.1% 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). Market cap is less than US$100m (₩88.8b market cap, or US$58.7m). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩3,825, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 22% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.1%). Tillkännagivande • Mar 11
Samho Development Co., LTD, Annual General Meeting, Mar 24, 2026 Samho Development Co., LTD, Annual General Meeting, Mar 24, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 711, eonju-ro, gangnam-gu, seoul South Korea Declared Dividend • Feb 09
Dividend increased to ₩200 Dividend of ₩200 is 33% higher than last year. Ex-date: 30th March 2026 Payment date: 16th April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 07
Samho Development Co., LTD announces Annual dividend, payable on April 16, 2026 Samho Development Co., LTD announced Annual dividend of KRW 200.0000 per share payable on April 16, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩275 (vs ₩187 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩275 (up from ₩187 loss in 3Q 2024). Revenue: ₩104.4b (up 18% from 3Q 2024). Net income: ₩6.15b (up ₩10.3b from 3Q 2024). Profit margin: 5.9% (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 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 23
Samho Development Co., LTD announced that it has received KRW 4.5 billion in funding from Shinhan Securities Co. Ltd., Korea Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd., Samsung Securities Co.,Ltd., Synergy IB Investment Co., Ltd., Synergy-Premier Mezzanine Blind No. 1 New Technology Business Investment Fund On September 22, 2025. Samho Development Co., LTD announces that it has closed the transaction. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ₩254 (vs ₩346 in 1Q 2024) First quarter 2025 results: EPS: ₩254 (down from ₩346 in 1Q 2024). Revenue: ₩95.0b (up 1.1% from 1Q 2024). Net income: ₩5.70b (down 26% from 1Q 2024). Profit margin: 6.0% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. New Risk • May 01
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 9.1% 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 17% 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 (9.1% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₩73.9b market cap, or US$51.4m). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩3,950, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 8.6% over the past three years. New Risk • Apr 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% 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. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₩67.6b market cap, or US$46.3m). Upcoming Dividend • Mar 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 April 2025. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: ₩235 (vs ₩675 in FY 2023) Full year 2024 results: EPS: ₩235 (down from ₩675 in FY 2023). Revenue: ₩401.8b (up 11% from FY 2023). Net income: ₩5.26b (down 65% from FY 2023). Profit margin: 1.3% (down from 4.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Mar 12
Samho Development Co., LTD, Annual General Meeting, Mar 25, 2025 Samho Development Co., LTD, Annual General Meeting, Mar 25, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 711, eonju-ro, gangnam-gu, seoul South Korea New Risk • Nov 22
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: 1.6% Last year net profit margin: 3.0% 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: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (₩68.0b market cap, or US$48.5m). 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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩73.5b market cap, or US$55.8m). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: ₩675 (vs ₩265 in FY 2022) Full year 2023 results: EPS: ₩675 (up from ₩265 in FY 2022). Revenue: ₩361.9b (up 18% from FY 2022). Net income: ₩15.1b (up 155% from FY 2022). Profit margin: 4.2% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 02
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₩3,430. The fair value is estimated to be ₩2,854, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 31%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩190 per share at 5.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 April 2024. Trailing yield: 5.4%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩224 (vs ₩131 in 3Q 2022) Third quarter 2023 results: EPS: ₩224 (up from ₩131 in 3Q 2022). Revenue: ₩85.4b (up 12% from 3Q 2022). Net income: ₩5.01b (up 71% from 3Q 2022). Profit margin: 5.9% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ₩90.00 (vs ₩173 in 1Q 2022) First quarter 2023 results: EPS: ₩90.00 (down from ₩173 in 1Q 2022). Revenue: ₩75.1b (up 20% from 1Q 2022). Net income: ₩2.02b (down 48% from 1Q 2022). Profit margin: 2.7% (down from 6.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: ₩265 (vs ₩621 in FY 2021) Full year 2022 results: EPS: ₩265 (down from ₩621 in FY 2021). Revenue: ₩307.5b (down 3.1% from FY 2021). Net income: ₩5.93b (down 57% from FY 2021). Profit margin: 1.9% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩190 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩131 (vs ₩205 in 3Q 2021) Third quarter 2022 results: EPS: ₩131 (down from ₩205 in 3Q 2021). Revenue: ₩76.2b (up 3.3% from 3Q 2021). Net income: ₩2.94b (down 36% from 3Q 2021). Profit margin: 3.9% (down from 6.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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. 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. 8 experienced directors. No highly experienced directors. No independent directors (8 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 • Sep 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₩4,865, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 6x in the Construction industry in South Korea. Total returns to shareholders of 24% over the past three years. 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. 8 experienced directors. No highly experienced directors. No independent directors (8 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 • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₩5,300, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 18% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩190 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₩6,030, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 12x in the Construction industry in South Korea. Total loss to shareholders of 2.1% over the past three years. Tillkännagivande • Feb 27
Samho Development Co., LTD, Annual General Meeting, Mar 18, 2021 Samho Development Co., LTD, Annual General Meeting, Mar 18, 2021, at 09:30 Korea Standard Time. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ₩802 (vs ₩907 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₩363.4b (flat on FY 2019). Net income: ₩18.6b (down 14% from FY 2019). Profit margin: 5.1% (down from 5.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Is New 90 Day High Low • Feb 08
New 90-day high: ₩4,800 The company is up 16% from its price of ₩4,140 on 10 November 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩4,550 The company is up 12% from its price of ₩4,050 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: ₩4,435 The company is up 14% from its price of ₩3,880 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 26% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩190 Per Share Will be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.4% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (2.0%). Is New 90 Day High Low • Dec 07
New 90-day high: ₩4,215 The company is up 1.0% from its price of ₩4,155 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 11% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩3,950 The company is down 9.0% from its price of ₩4,350 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 Construction industry, which is up 6.0% over the same period.