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April 08, 2020

[STOCK WATCH] Coway falls 3%

PUBLISHED : November 11, 2016 - 14:57

UPDATED : November 11, 2016 - 14:57

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- In its peer group, it has low Volatility, high Earning Rate
- All related stocks also decline. Services industry -2.03%
- Target price KRW 114,100, has 26% disparate to increase compared with stock price.
- Individuals and Foreigners sell, Institutions buy
- Turnover Rate and Price Range both proper
- Institution 31.63%, Foreigners 67.88%


Market Review
As of Nov. 11 02:25 P.M., Coway (021240) declined 3.21% to 90,500 won (US$77.98). It had declined 3.62% through the past month. Standard deviation, the variableness index, was 2.2% over the same period over one month.

Compared with its close competitors within the same industry, KOSPI, evne though the investment return of Coway was the most satisfactory among its peer group, its volatility for 1 month was considerably higher than that of its peer group's. Over the recent month, the return-on-risk, the return on investment with consideration about risk, was -1.6%. Though the volatility was high, the return-on-risk recorded the highest among its peer group as a satisfactory stock price. Moreover, compared with the KOSPI industry, the Return On Risk is much better than the industrial mean, -1.8, and thus the industrial comparison performance was good.

Comparing industry to the market, the KOSPI industry including Coway records higher volatility but lower earning rate than Services. Even though the earning rate of the industry is negative, the industry was more satisfactory than the market.


Close CompetitorsEarning rate (%)STD (1Mo)Return on
Risk (1Mo)
1 Mo3 Mo6 Mo
Hanmi Science(008930)-7.3%-37.3%-39.1%2.4%-3.0
COWAY(021240)-3.6%1.9%-9.4%2.2%-1.6
NCsoft Corporation(036570)-8.3%1.6%8.6%1.8%-4.6
LG Corp.(003550)-5.3%-7.8%-9.5%1.5%-3.5
Kangwon Land Inc.(035250)-3.7%-12.1%-14.5%1.3%-2.8
 
Services-4.3%-6.6%-6.3%0.8%-5.3
KOSPI-1.3%-3.6%-2.7%0.7%-1.8

Target price 114,100 won, has 26% disparate to increase compared with stock price.
Per analysts' expectations during the recent month, the average target price of Coway is 114,100 won. The stock price is 90,500 won as of yesterday, so there is 23,600 won (26%) disparate in order to be able to increase.



Earnings & Valuation

Financial structure Overview
Compared with 4 close competitors with similar market capitalization within its industry, COWAY's P/B ratio, a financial ratio of a company's book value, and its P/E ratio, a price-paid ratio of annual net income, are both at a relatively higher level.

P/E ratio and P/B ratio
Close CompatitorsROEPERPBRBasic Date
COWAY(021240)24.925.56.3June 2016
Kangwon Land Inc.(035250)15.616.52.6June 2016
Hanmi Science(008930)29.325.07.3June 2016
LG Corp.(003550)8.39.40.8June 2016
NCsoft Corporation(036570)13.425.53.4June 2016



Investor Group
Individuals and Foreigners sell, Institutions buy
While institutions have been buying Coway during the past 11 trading days, foreigners have been selling during the past 9 trading days. As a shareholding sum by investor group for the past 4 weeks, institutions have bought 431,895 shares with trending trade. However, during the same period, foreigners have sold 417,901 shares with maintenance of a selling position and individuals have sold 13,994 shares as they turn toward a selling stance.

Turnover Rate and Price Range both proper
Regarding the statistics for the past month on trade volume as the total outstanding shares, the daily turnover rate of Coway was 0.22%. And the daily volatility, the average range of rise and fall, during the same period is 3.9%.

Institution 31.63%, Foreigners 67.88%
As per the inquiry for shareholding by investor group, the major investor group is foreigners with 67.88% from total outstanding shares. Institutions and individuals each hold 31.63% and 0.47%. And as recent 5-day shareholding change by investor group, foreigners is the major investor group with 58.28%. Institutions hold 38.66% and individuals hold 3.05%.

Cumulated shareholdings per investor group (1Mo) Total shareholdings per investor group
 
* Other Investor groups, included as "other corporations", are considered as "Individuals".

By HeRo (hero@heraldcorp.com)

This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.


 




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