POSCO: Slow 1H20 Earnings Fully Priced In [Seeking Alpha]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
Company Research
Source: Seeking Alpha
Summary1Q20 parent operating profit to come in at KRW347.1bn, which is lower than the consensus estimate.The stock has sufficiently priced in earnings deterioration as it trades at 0.3x P/B, even lower than the previous bottoms seen in 1997.Expectations for a recovery in demand remain intact as China’s stimulus package should infrastructure investments.Investment highlightsWe expect 1Q20 parent operating profit to come in at KRW347.1bn, which is lower than the consensus estimate. Despite the likelihood of weak earnings, we maintain BUY on POSCO (PKXMajor issues and earnings outlookWe forecast KRW7.07tn in parent sales, KRW347.1bn in operating profit, and KRW311bn in pretax profit for 1Q20. We estimate operating profit fell 58% YoY and 5% QoQ. On a consolidated basis, operating profit likely fell 49% YoY but rose 9% QoQ to KRW611.7bn. Because of existing contracts and volume, the impact of COVID-19 on 1Q20 earnings were limited.Steel demand should pick up as downstream industries overs
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News
- POSCO (NYSE:PKX) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Posco, Factorial collaborate on next-gen battery materials [Yahoo! Finance]Yahoo! Finance
- POSCO (NYSE:PKX) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- POSCO Holdings: It's All About Capital Allocation [Seeking Alpha]Seeking Alpha
- POSCO (NYSE:PKX) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d+)" rating to a "hold (c-)" rating.MarketBeat
PKX
Sec Filings
- 11/28/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/12/25 - Form 6-K
- PKX's page on the SEC website