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Ssangyong Cement Industrial

KOSE:A003410
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A003410
KOSE
₩2,217B
Market Cap
  1. Home
  2. KR
  3. Materials
Company description

Ssangyong Cement Industrial Co., Ltd. manufactures and sells cement and clinker products. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Ssangyong Cement Industrial has significant price volatility in the past 3 months.
A003410 Share Price and Events
7 Day Returns
-5.5%
KOSE:A003410
3.9%
KR Basic Materials
1.9%
KR Market
1 Year Returns
-30.4%
KOSE:A003410
-35.9%
KR Basic Materials
-21.8%
KR Market
A003410 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ssangyong Cement Industrial (A003410) -5.5% -13.4% -19.3% -30.4% 58.8% 29.4%
KR Basic Materials 3.9% -18.5% -21.5% -35.9% 13.8% 1.5%
KR Market 1.9% -14.7% -19.6% -21.8% -19.8% -22%
1 Year Return vs Industry and Market
  • A003410 outperformed the Basic Materials industry which returned -35.9% over the past year.
  • A003410 underperformed the Market in Korea (Republic of) which returned -21.8% over the past year.
Price Volatility
A003410
Industry
5yr Volatility vs Market

Value

 Is Ssangyong Cement Industrial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ssangyong Cement Industrial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ssangyong Cement Industrial.

KOSE:A003410 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in KRW ₩ 434.99999777778
Payout Ratio Company Filings (2019-12-31) 7170.2%
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year KR Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KOSE:A003410
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KR Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 6.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 30%) (43.43%))
1.059
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.059 * 6.07%)
9.86%

Discounted Cash Flow Calculation for KOSE:A003410 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Ssangyong Cement Industrial is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

KOSE:A003410 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₩435 / (9.86% - 3.43%)
₩6014.01
KOSE:A003410 Discount to Share Price
Calculation Result
Value per share (KRW) From above. ₩6,014.01
Current discount Discount to share price of ₩4,400.00
= -1 x (₩4,400.00 - ₩6,014.01) / ₩6,014.01
26.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ssangyong Cement Industrial is available for.
Intrinsic value
27%
Share price is ₩4400 vs Future cash flow value of ₩6014.01
Current Discount Checks
For Ssangyong Cement Industrial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ssangyong Cement Industrial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ssangyong Cement Industrial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ssangyong Cement Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ssangyong Cement Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KOSE:A003410 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KRW ₩259.00
KOSE:A003410 Share Price ** KOSE (2020-04-03) in KRW ₩4400
Korea (Republic of) Basic Materials Industry PE Ratio Median Figure of 15 Publicly-Listed Basic Materials Companies 14.84x
Korea (Republic of) Market PE Ratio Median Figure of 1,311 Publicly-Listed Companies 12.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ssangyong Cement Industrial.

KOSE:A003410 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A003410 Share Price ÷ EPS (both in KRW)

= 4400 ÷ 259.00

16.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ssangyong Cement Industrial is overvalued based on earnings compared to the KR Basic Materials industry average.
  • Ssangyong Cement Industrial is overvalued based on earnings compared to the Korea (Republic of) market.
Price based on expected Growth
Does Ssangyong Cement Industrial's expected growth come at a high price?
Raw Data
KOSE:A003410 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
13.2%per year
Asia Basic Materials Industry PEG Ratio Median Figure of 74 Publicly-Listed Basic Materials Companies 0.91x
Korea (Republic of) Market PEG Ratio Median Figure of 356 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

KOSE:A003410 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.99x ÷ 13.2%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ssangyong Cement Industrial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ssangyong Cement Industrial's assets?
Raw Data
KOSE:A003410 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KRW ₩3,511.00
KOSE:A003410 Share Price * KOSE (2020-04-03) in KRW ₩4400
Korea (Republic of) Basic Materials Industry PB Ratio Median Figure of 25 Publicly-Listed Basic Materials Companies 0.42x
Korea (Republic of) Market PB Ratio Median Figure of 1,954 Publicly-Listed Companies 0.84x
KOSE:A003410 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A003410 Share Price ÷ Book Value per Share (both in KRW)

= 4400 ÷ 3,511.00

1.25x

* Primary Listing of Ssangyong Cement Industrial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ssangyong Cement Industrial is overvalued based on assets compared to the KR Basic Materials industry average.
X
Value checks
We assess Ssangyong Cement Industrial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Ssangyong Cement Industrial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ssangyong Cement Industrial expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ssangyong Cement Industrial expected to grow at an attractive rate?
  • Ssangyong Cement Industrial's earnings growth is expected to exceed the low risk savings rate of 3.4%.
Growth vs Market Checks
  • Ssangyong Cement Industrial's earnings growth is positive but not above the Korea (Republic of) market average.
  • Ssangyong Cement Industrial's revenue growth is positive but not above the Korea (Republic of) market average.
Annual Growth Rates Comparison
Raw Data
KOSE:A003410 Future Growth Rates Data Sources
Data Point Source Value (per year)
KOSE:A003410 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 13.2%
KOSE:A003410 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 1.8%
Asia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 8.4%
Asia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Korea (Republic of) Market Earnings Growth Rate Market Cap Weighted Average 27.8%
Korea (Republic of) Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KOSE:A003410 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KOSE:A003410 Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,556,000 313,000 170,000 1
2021-12-31 1,606,513 356,257 179,457 8
2020-12-31 1,513,950 329,640 146,533 4
2020-04-04
KOSE:A003410 Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-12-31 1,538,481 365,978 131,088
2019-09-30 1,551,209 353,883 146,818
2019-06-30 1,552,303 360,356 160,093
2019-03-31 1,542,807 343,293 147,350
2018-12-31 1,509,985 315,984 146,318
2018-09-30 1,495,402 335,673 207,298
2018-06-30 1,500,866 360,402 187,437
2018-03-31 1,481,459 297,085 179,317
2017-12-31 1,517,140 298,324 203,003
2017-09-30 1,522,562 218,511 124,185
2017-06-30 1,488,400 172,120 150,276
2017-03-31 1,460,461 196,377 169,965

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ssangyong Cement Industrial's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Ssangyong Cement Industrial's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KOSE:A003410 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Ssangyong Cement Industrial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A003410 Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 337.00 337.00 337.00 1.00
2021-12-31 354.29 434.00 295.00 7.00
2020-12-31 289.33 308.00 276.00 3.00
2020-04-04
KOSE:A003410 Past Financials Data
Date (Data in KRW Millions) EPS *
2019-12-31 259.00
2019-09-30 291.39
2019-06-30 317.73
2019-03-31 292.44
2018-12-31 289.00
2018-09-30 403.98
2018-06-30 373.02
2018-03-31 360.30
2017-12-31 419.35
2017-09-30 266.89
2017-06-30 332.68
2017-03-31 384.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ssangyong Cement Industrial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ssangyong Cement Industrial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ssangyong Cement Industrial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ssangyong Cement Industrial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ssangyong Cement Industrial's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ssangyong Cement Industrial's year on year earnings growth rate has been positive over the past 5 years.
  • Ssangyong Cement Industrial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ssangyong Cement Industrial's 1-year earnings growth is negative, it can't be compared to the KR Basic Materials industry average.
Earnings and Revenue History
Ssangyong Cement Industrial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ssangyong Cement Industrial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A003410 Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,538,480.68 131,087.91 135,047.58 4,989.71
2019-09-30 1,551,208.75 146,818.44 134,888.20 4,538.27
2019-06-30 1,552,302.79 160,092.99 132,417.27 4,505.24
2019-03-31 1,542,807.26 147,350.36 134,019.93 4,499.22
2018-12-31 1,509,985.11 146,317.60 130,016.96 4,474.29
2018-09-30 1,495,401.76 207,297.62 138,834.93 4,955.73
2018-06-30 1,500,865.95 187,437.39 137,232.00 5,089.80
2018-03-31 1,481,458.70 179,317.40 133,799.85 5,393.91
2017-12-31 1,517,139.64 203,003.12 130,880.31 5,513.75
2017-09-30 1,522,562.08 124,184.60 126,478.97 5,476.68
2017-06-30 1,488,400.28 150,275.53 124,371.88 5,673.47
2017-03-31 1,460,461.19 169,964.72 125,415.42 5,793.55
2016-12-31 1,430,289.20 161,745.03 125,532.98 5,685.51
2016-09-30 1,475,310.37 76,114.36 120,037.60 3,625.16
2016-06-30 1,673,658.60 71,584.47 132,854.98 4,179.16
2016-03-31 1,858,590.49 76,224.79 142,994.63 4,883.24
2015-12-31 1,986,386.23 71,768.33 152,540.29 5,730.68
2015-09-30 2,081,820.58 171,231.01 165,952.04 8,532.28
2015-06-30 2,049,091.35 147,237.96 165,914.81 8,612.60
2015-03-31 2,032,163.48 131,276.56 162,082.28 8,427.93
2014-12-31 2,020,704.53 105,282.40 162,293.38 8,271.79
2014-09-30 2,052,403.74 89,537.80 161,579.07 8,465.51
2014-06-30 2,049,487.43 102,897.89 162,708.95 8,823.68
2014-03-31 2,055,722.70 80,464.56 167,815.78 8,919.44
2013-12-31 2,060,729.71 40,364.34 170,734.34 9,180.59
2013-09-30 2,031,420.04 41,909.15 176,772.39 9,361.83
2013-06-30 2,016,567.97 30,651.70 172,223.84 8,855.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ssangyong Cement Industrial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ssangyong Cement Industrial used its assets more efficiently than the KR Basic Materials industry average last year based on Return on Assets.
  • Ssangyong Cement Industrial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ssangyong Cement Industrial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ssangyong Cement Industrial has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ssangyong Cement Industrial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ssangyong Cement Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ssangyong Cement Industrial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ssangyong Cement Industrial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ssangyong Cement Industrial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ssangyong Cement Industrial Company Filings, last reported 3 months ago.

KOSE:A003410 Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,802,502.74 938,000.18 265,601.31
2019-09-30 1,879,056.32 957,877.75 285,626.65
2019-06-30 1,898,737.41 868,706.02 210,554.14
2019-03-31 1,913,351.06 864,164.09 236,298.26
2018-12-31 1,979,598.36 869,213.30 255,631.26
2018-09-30 2,012,486.23 840,551.84 192,989.47
2018-06-30 2,006,702.35 853,467.04 209,484.78
2018-03-31 1,984,388.15 829,450.12 240,367.59
2017-12-31 2,021,065.48 879,887.60 320,389.22
2017-09-30 1,900,386.86 971,590.81 314,750.01
2017-06-30 1,797,842.67 648,354.50 272,558.85
2017-03-31 1,718,008.73 742,597.32 347,045.03
2016-12-31 1,814,024.06 720,958.78 220,169.86
2016-09-30 1,715,676.73 648,229.37 37,961.45
2016-06-30 1,437,481.16 914,762.57 25,142.79
2016-03-31 1,378,423.44 928,182.88 26,405.16
2015-12-31 1,348,260.47 947,263.05 42,053.05
2015-09-30 1,413,095.48 1,028,901.04 32,314.72
2015-06-30 1,366,291.26 1,075,320.82 39,963.50
2015-03-31 1,305,937.46 1,154,860.16 38,323.50
2014-12-31 1,283,362.55 1,162,674.81 53,853.13
2014-09-30 1,258,818.76 1,238,869.49 37,952.95
2014-06-30 1,236,738.44 1,243,186.50 43,318.49
2014-03-31 1,193,888.94 1,314,473.30 60,847.31
2013-12-31 1,196,035.45 1,307,424.65 66,843.28
2013-09-30 1,175,225.71 1,372,107.33 89,415.05
2013-06-30 1,139,240.15 1,423,875.10 48,569.77
  • Ssangyong Cement Industrial's level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (90.6% vs 52% today).
  • Debt is well covered by operating cash flow (39%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Ssangyong Cement Industrial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ssangyong Cement Industrial has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ssangyong Cement Industrial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.5%
Current annual income from Ssangyong Cement Industrial dividends. Estimated to be 9.89% next year.
If you bought ₩2,000 of Ssangyong Cement Industrial shares you are expected to receive ₩50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ssangyong Cement Industrial's pays a higher dividend yield than the bottom 25% of dividend payers in Korea (Republic of) (1.25%).
  • Ssangyong Cement Industrial's dividend is below the markets top 25% of dividend payers in Korea (Republic of) (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KOSE:A003410 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Korea (Republic of) Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.1%
Korea (Republic of) Market Average Dividend Yield Market Cap Weighted Average of 908 Stocks 2.9%
Korea (Republic of) Minimum Threshold Dividend Yield 10th Percentile 0.6%
Korea (Republic of) Bottom 25% Dividend Yield 25th Percentile 1.2%
Korea (Republic of) Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KOSE:A003410 Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 450.00 1.00
2021-12-31 434.44 9.00
2020-12-31 433.75 8.00
2020-04-04
KOSE:A003410 Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2019-11-14 110.000 2.158
2019-08-14 110.000 1.854
2018-11-14 180.000 2.953
2018-08-14 180.000 3.123

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ssangyong Cement Industrial has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Ssangyong Cement Industrial has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Ssangyong Cement Industrial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Ssangyong Cement Industrial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ssangyong Cement Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ssangyong Cement Industrial has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ssangyong Cement Industrial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Ssangyong Cement Industrial has no CEO, or we have no data on them.
Management Team

Yeo-Eul Yoon

TITLE
Chairman

Dong-Cheol Hwang

TITLE
President & Director
AGE
62

Byung-Ju Lee

TITLE
Senior MD & Director
AGE
60

Du-Man Kim

TITLE
Senior MD & Director
AGE
57

Heon-Goon Cho

TITLE
Senior MD & Director
AGE
59

Dong-Choon Lee

TITLE
Executive Director
AGE
55

Kyung-Gu Kim

TITLE
Executive Director
AGE
43

Hyun-Jun Lee

TITLE
Senior MD & Director
AGE
57

Dae-Young Chou

TITLE
MD & Director
AGE
57

Yong-Kyo Won

TITLE
Deputy MD & Yeongwol Factory Manager
AGE
60
Board of Directors

Yeo-Eul Yoon

TITLE
Chairman

Dong-Cheol Hwang

TITLE
President & Director
AGE
62

Byung-Ju Lee

TITLE
Senior MD & Director
AGE
60

Du-Man Kim

TITLE
Senior MD & Director
AGE
57

Heon-Goon Cho

TITLE
Senior MD & Director
AGE
59

Dong-Choon Lee

TITLE
Executive Director
AGE
55

Kyung-Gu Kim

TITLE
Executive Director
AGE
43

Hyun-Jun Lee

TITLE
Senior MD & Director
AGE
57

Dae-Young Chou

TITLE
MD & Director
AGE
57

Seung-Tae Lim

TITLE
Outside Director
AGE
64
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₩) Value (₩)
X
Management checks
We assess Ssangyong Cement Industrial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ssangyong Cement Industrial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ssangyong Cement Industrial Co., Ltd. manufactures and sells cement and clinker products. The company offers Portland, blended, and specialty cement, as well as mortar and other related products, such as non-shrinkage mortar, resistance acid mortar, and expansion agents for use in architectural and civil engineering works. It is also involved in the waste recycling and other environment-related business; and petroleum sale activities. The company also exports its products. Ssangyong Cement Industrial Co., Ltd. was founded in 1962 and is based in Donghae, South Korea.

Details
Name: Ssangyong Cement Industrial Co., Ltd.
A003410
Exchange: KOSE
Founded: 1962
₩2,216,978,315,200
503,858,708
Website: http://www.ssangyongcement.co.kr
Address: Ssangyong Cement Industrial Co., Ltd.
34 Supyo-ro,
Jung-gu,
Donghae,
100-748,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A003410 Common Stock Korea Stock Exchange KR KRW 16. Jul 1986
KOSE A003415 PFD KSWN5000 Korea Stock Exchange KR KRW 20. Aug 1993
Number of employees
Current staff
Staff numbers
0
Ssangyong Cement Industrial employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:27
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.