Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩124,500, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Metals and Mining industry in South Korea. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩90,360 per share. Declared Dividend • Feb 12
Dividend of ₩4,300 announced Shareholders will receive a dividend of ₩4,300. Ex-date: 26th March 2026 Payment date: 1st January 1970 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (60% 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 increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 142% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 11
SeAH Holdings Corporation, Annual General Meeting, Mar 26, 2026 SeAH Holdings Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 45, yanghwa-ro, mapo-gu, seoul South Korea Duyuru • Jan 27
SeAH Holdings Corporation (KOSE:A058650) completed the acquisition of remaining 26.26% stake in SeAH SPECIAL STEEL CO., LTD. (KOSE:A019440). SeAH Holdings Corporation (KOSE:A058650) agreed to acquire remaining 26.26% stake in SeAH SPECIAL STEEL CO., LTD. (KOSE:A019440) for KRW 34.5 billion on October 30, 2025. The consideration consists of issue of shares of SeAH Holdings Corporation at a ratio of 0.134899 per common equity of SeAH SPECIAL STEEL CO., LTD. Upon completion, SeAH Holdings Corporation will own 100% stake in SeAH SPECIAL STEEL CO., LTD.
The transaction is subject to consultation or approval by the relevant organizations and approval of offer by the shareholders of SeAH SPECIAL STEEL CO., LTD., which is expected to take place on December 18, 2025. The transaction is expected to close on January 26, 2026.
SeAH Holdings Corporation (KOSE:A058650) completed the acquisition of remaining 26.26% stake in SeAH SPECIAL STEEL CO., LTD. (KOSE:A019440) on January 26, 2026. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩174,900, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Metals and Mining industry in South Korea. Total returns to shareholders of 80% over the past three years. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩5,616 (vs ₩2,867 in 3Q 2024) Third quarter 2025 results: EPS: ₩5,616 (up from ₩2,867 in 3Q 2024). Revenue: ₩1.67t (up 14% from 3Q 2024). Net income: ₩21.9b (up 96% from 3Q 2024). Profit margin: 1.3% (up from 0.8% in 3Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Metals and Mining industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Oct 31
SeAH Holdings Corporation (KOSE:A058650) agreed to acquire remaining 26.26% stake in SeAH SPECIAL STEEL CO., LTD. (KOSE:A019440) for KRW 34.5 billion. SeAH Holdings Corporation (KOSE:A058650) agreed to acquire remaining 26.26% stake in SeAH SPECIAL STEEL CO., LTD. (KOSE:A019440) for KRW 34.5 billion on October 30, 2025. The consideration consists of issue of shares of SeAH Holdings Corporation at a ratio of 0.134899 per common equity of SeAH SPECIAL STEEL CO., LTD. Upon completion, SeAH Holdings Corporation will own 100% stake in SeAH SPECIAL STEEL CO., LTD.
The transaction is subject to consultation or approval by the relevant organizations and approval of offer by the shareholders of SeAH SPECIAL STEEL CO., LTD., which is expected to take place on December 18, 2025. The transaction is expected to close on January 26, 2026. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩124,300, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 45% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: ₩8,537 (vs ₩21,043 in FY 2023) Full year 2024 results: EPS: ₩8,537 (down from ₩21,043 in FY 2023). Revenue: ₩6.02t (down 6.3% from FY 2023). Net income: ₩33.3b (down 59% from FY 2023). Profit margin: 0.6% (down from 1.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Feb 07
SeAH Holdings Corporation, Annual General Meeting, Mar 24, 2025 SeAH Holdings Corporation, Annual General Meeting, Mar 24, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 45, yanghwa-ro, mapo-gu, seoul South Korea Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩21,043 (vs ₩31,597 in FY 2022) Full year 2023 results: EPS: ₩21,043 (down from ₩31,597 in FY 2022). Revenue: ₩6.42t (down 4.8% from FY 2022). Net income: ₩82.0b (down 34% from FY 2022). Profit margin: 1.3% (down from 1.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩4,000 per share at 3.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: ₩31,597 (vs ₩12,479 in FY 2021) Full year 2022 results: EPS: ₩31,597 (up from ₩12,479 in FY 2021). Revenue: ₩6.75t (up 12% from FY 2021). Net income: ₩123.3b (up 150% from FY 2021). Profit margin: 1.8% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩2,750 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 7.9% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ₩1,274 (vs ₩10,882 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩1,274 (up from ₩10,882 loss in 3Q 2021). Revenue: ₩1.66t (up 10% from 3Q 2021). Net income: ₩4.93b (up ₩47.8b from 3Q 2021). Profit margin: 0.3% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 21% share price gain to ₩122,000, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total returns to shareholders of 64% over the past three years. Duyuru • Aug 20
SeAH Holdings Corporation (KOSE:A058650) announces an Equity Buyback for KRW 5,000 million worth of its shares. SeAH Holdings Corporation (KOSE:A058650) 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 NH Investment & Securities Co., Ltd. The purpose of the program is protection of shareholder rights and to stabilize stock price. The program will expire on August 18, 2023. As of August 18, 2022, the company had 97,876 shares in treasury within scope available for dividend and had 900 shares in treasury through other repurchase. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩2,250 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 but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (2.3%). Duyuru • May 13
Kim Man-ki acquired 80% stake in SeAH Engineering Co., Ltd. from SeAH Holdings Corporation (KOSE:A058650) for KRW 1 billion. Kim Man-ki acquired 80% stake in SeAH Engineering Co., Ltd. from SeAH Holdings Corporation (KOSE:A058650) for KRW 1 billion on May 6, 2021. Under the terms, Kim Man-ki acquired 3.16 million shares for KRW 321 per share.
Kim Man-ki completed the acquisition of 80% stake in SeAH Engineering Co., Ltd. from SeAH Holdings Corporation (KOSE:A058650) on May 6, 2021. Duyuru • Feb 04
SeAH Holdings Corporation, Annual General Meeting, Mar 26, 2021 SeAH Holdings Corporation, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Dec 16
New 90-day high: ₩81,700 The company is up 15% from its price of ₩70,900 on 17 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ₩73,200 The company is up 2.0% from its price of ₩71,700 on 26 August 2020. The South Korean market is up 9.0% 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. Reported Earnings • Nov 22
Third quarter 2020 earnings released: ₩1,664 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: ₩981.6b (down 19% from 3Q 2019). Net loss: ₩6.65b (loss widened 346% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 22
New 90-day low: ₩70,200 The company is down 2.0% from its price of ₩71,800 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 Metals and Mining industry, which is up 8.0% over the same period.