Added to YB: 2026-10-01
Pitch date: 2026-09-25
088790.KS [bearish]
Jindo.Co., Ltd.
+0.82%
current return
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
Jindo.Co., Ltd. manufactures, distributes, and sells fashion products in South Korea. It offers fur products under the Jindo Fur, Elphe, Uva, and Cleve brands.
Market Cap
KRW 30.7B
Pitch Price
KRW 2.4K
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
9.53
EV/Sales
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
value
All Korean net nets #4: going through change - Jindo (088790.KS)
088790.KS (pass): Jindo trades at 0.60x NCAV and 0.39x estimated liquidation value, but the core fur category is shrinking and the balance sheet includes KRW31bn of bank debt. Governance is the decisive concern: chairman Lim Oh-sik’s pay, prior conviction involving other companies and the board’s maneuver to blunt a minority shareholder’s auditor proposal outweigh the discount. The stock also risks delisting or moving to KONEX unless market cap reaches KRW50bn by July 2027, making it a clear pass.
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