Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Founded in Seoul, South Korea, in 1974, Playgram Co., Ltd. specializes in the production and global distribution of Flexible Intermediate Bulk Containers (FIBCs), serving both the domestic South Korean market and international customers. Their extensive product line includes various FIBC designs such as round-rope, square-rope, round-belt, and square-belt types, alongside specialized options like mesh, baffle, antistatic, UN, sift proof, and formfit liner bags. Additionally, the company supplies a range of associated industrial materials, including tube, flat, and tarpauline fabrics, danline ropes, woven belts, PET and PP yarns, PE liners, color M/B, calpet additives, and polysling items. Beyond its primary manufacturing operations, Playgram Co., Ltd. also diversifies its activities by supplying bituminous coal to South Korean power plants and managing a resort property located in the Maldives. The company was rebranded as Playgram Co., Ltd. in October 2021, having previously operated under the name NK Mulsan Co., Ltd.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. Specifically, the stock is overvalued on EV/EBITDA, reasonably priced on P/FC.