In early trading on the 11th, IS Dongseo is jumping 9%. It appears to be due to analysis from the securities industry suggesting a market capitalization of 1.5 trillion won is possible.
As of 9:16 a.m. that day on the Korea Exchange, IS Dongseo is trading at 31,350 won, up 2,650 won (9.23%) from the previous session.
That day, the securities industry projected IS Dongseo's market capitalization could expand to 1.5 trillion won. Based on a share price of 30,100 won, IS Dongseo's market capitalization is 907.1 billion won.
Kim Seung-jun, an analyst at Hana Securities, said, "The share of the construction division, which accounted for more than 50% of total revenue from 2022 to 2024, has shrunk due to a downturn in the industry," and noted, "Through the in-house development project 'Penta Hills W' planned for this year, revenue will grow significantly through 2028."
Kim projected IS Dongseo's 2028 revenue at 2.2 trillion won and operating profit at 453.4 billion won. Those are increases of 84.7% and 210.9% year over year.
Kim said, "In past cases such as Yonghodong W in 2014 and Suseong Beomeo W in 2019, profits surged through in-house development projects and the stock price spiked," and analyzed, "Even applying the price-earnings ratio (PER) floor of 5 times seen in the two prior periods, there is about 60% upside potential."