Reported Earnings • Mar 21
Full year 2025 earnings released: ₩6,009 loss per share (vs ₩6,724 profit in FY 2024) Full year 2025 results: ₩6,009 loss per share (down from ₩6,724 profit in FY 2024). Revenue: ₩347.9b (down 16% from FY 2024). Net loss: ₩12.9b (down 189% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 44% per year. Duyuru • Feb 25
Dongil Industries Co.,Ltd., Annual General Meeting, Mar 26, 2026 Dongil Industries Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 112, goedong-ro, nam-gu, gyeongsangbuk-do, pohang South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,250 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Declared Dividend • Nov 08
Dividend of ₩1,250 announced Shareholders will receive a dividend of ₩1,250. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₩6,724 (vs ₩496 loss in FY 2023) Full year 2024 results: EPS: ₩6,724 (up from ₩496 loss in FY 2023). Revenue: ₩415.8b (down 5.7% from FY 2023). Net income: ₩14.6b (up ₩15.6b from FY 2023). Profit margin: 3.5% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Duyuru • Feb 27
Dongil Industries Co.,Ltd., Annual General Meeting, Mar 28, 2025 Dongil Industries Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 114, goedong-ro, nam-gu, gyeongsangbuk-do, pohang South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.9%). New Risk • Nov 23
New major risk - Revenue and earnings growth Earnings have declined by 5.0% 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 5.0% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 19x cash flows per share). Market cap is less than US$100m (₩84.0b market cap, or US$59.8m). Declared Dividend • Nov 21
Dividend of ₩1,000 announced Shareholders will receive a dividend of ₩1,000. Ex-date: 27th December 2024 Payment date: 7th April 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (202% earnings payout ratio). However, it is well covered by cash flows (10% 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 125% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend. 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 (₩89.7b market cap, or US$68.2m). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩496 loss per share (vs ₩10,085 profit in FY 2022) Full year 2023 results: ₩496 loss per share (down from ₩10,085 profit in FY 2022). Revenue: ₩441.2b (down 11% from FY 2022). Net loss: ₩1.08b (down 105% from profit 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 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩3,000 per share at 6.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩122.8b market cap, or US$91.6m). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 56% After last week's 56% share price decline to ₩67,000, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 19% over the past three years. Board Change • Jul 03
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. 6 experienced directors. No highly experienced directors. No independent directors (6 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. New Risk • Jun 15
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 8.7% 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 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 (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₩154,000, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 195% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩4,000 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (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. 6 experienced directors. No highly experienced directors. No independent directors (6 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. 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. 6 experienced directors. No highly experienced directors. No independent directors (6 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,800 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 April 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 21% share price gain to ₩133,000, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total returns to shareholders of 120% over the past three years. Duyuru • Mar 05
Dongil Industries Co.,Ltd., Annual General Meeting, Mar 26, 2021 Dongil Industries Co.,Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 10
New 90-day high: ₩80,000 The company is up 16% from its price of ₩68,700 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: ₩77,700 The company is up 13% from its price of ₩68,500 on 15 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 Metals and Mining industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₩75,300 The company is up 8.0% from its price of ₩69,800 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: ₩68,300 The company is down 1.0% from its price of ₩69,300 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: ₩68,400 The company is down 1.0% from its price of ₩69,200 on 29 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period.