SeAH Steel세아제강
306200 · KOSPI · ₩306200 · 세아제강
Broker reports
| Date | Broker | Report | Rating | Target | Change | Upside | Since publish | Read |
|---|---|---|---|---|---|---|---|---|
| Oct 23 | Hanwha Investment & Securities | [Steel] SeAH Steel (306200/Buy) Q3 Falls Short of Expectations, Q4 Recovery Outlook | Buy | — | — | −4.5% | Read ↗ |
Calculated by JONBUR from publicly available broker reports. Reports belong to their publishers. Not financial advice. Includes brokers that publish research publicly; some brokers' reports are client-only and not included.
AI summary of public information
An AI summary of the public information on this company: filed financial statements, filings, prices and news headlines. It doesn't use broker reports; their targets and estimates are shown above.
SeAH Steel's profits have shrunk sharply since 2023, and the shares trade well below their 52-week high.
SeAH Steel makes steel pipes for construction, energy, shipbuilding and other industries, with four plants in South Korea. Trailing results to H1 2026 show revenue of about ₩1.63T, operating income of ₩62B and net income of ₩56B, far below the 2022-2023 peak. The stock closed at ₩125,500 on 2026-10-23, roughly 34% below its 52-week high of ₩189,000.
What stands out
- Revenue fell 17.9% in 2025 and operating margin dropped from 12.5% in 2023 to 3.3% in 2025, with trailing operating margin at 3.8%.
- Trailing return on equity is 4.9%, against 20.7% in 2023, and liabilities are 81.4% of equity.
- Borrowings of ₩589B exceed cash of ₩323B, while trailing free cash flow is about ₩31B.
- The data shows a P/E of 6.4, a P/B of 0.3 and a dividend yield of 4.4%, and a DCF base-case fair value of ₩641,849, which is a model output and not a forecast.
- Foreign ownership rose from 3.1% to 5.4% over the last 60 days, while retail and institutional investors were net sellers over the past 20 days.
What to watch
- Next half-year or annual results, to see whether margins recover from the current low levels.
- Filed contract amendments, largest-shareholder holding changes and related-party transaction disclosures listed in recent filings.
- Debt levels relative to cash, given the gap between borrowings and cash noted in the data.
Data as of Oct 23, 2026 · written 4d ago
This is not financial advice.
Also known as: SeAH Steel / 세아제강 / 306200 / KRX:306200
Source: KRX statistical information