Heungkuk raises target for S-1 stock to KRW 120,000

Published on 10/19/2026 at 04:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Heungkuk lifted its target from KRW 95,000 to KRW 120,000 on October 16, 2026. S-1 stock plans buybacks covering up to 23 percent of shares.

Shareholder returns and operating results

S-1 announced a KRW 450.0 billion tender offer on October 15, 2026.
S-1 reported KRW 716.7 billion in third-quarter revenue, up 2.6 percent year over year.
S-1 stock was last quoted at KRW 97,800 on KRX on October 19, 2026 at 11:18 a.m. KST.

S-1, KR7012750006, Illustration mit AI erstellt.

S-1 Corporation (ISIN KR7012750006) became the subject of a stronger shareholder-return case after Heungkuk Securities raised its target from KRW 95,000 to KRW 120,000 on October 16, 2026, according to EDaily. The plan combines a KRW 450.0 billion tender offer with treasury-share cancellations that could cover up to 23 percent of outstanding shares.

Returns plan reaches KRW 450.0 billion

On October 15, 2026, S-1 announced a tender offer for 4,545,454 shares at KRW 99,000 per share. The offer runs through November 3, 2026, and the acquired shares are scheduled for cancellation within one year after the offer ends, Financial News reported.

S-1 also plans to cancel 4,188,939 existing treasury shares, representing 11.02 percent of issued shares. The company set a three-year dividend payout ratio of 50 to 60 percent and a minimum dividend of KRW 3,200 per share, according to EDaily.

What does the plan mean for earnings?

Heungkuk Securities estimated that the cancellations could lift earnings per share by 15 percent and raise the cumulative shareholder-return ratio to 134 percent over three years. The same report set S-1's return-on-equity target at 13 to 15 percent, giving investors a measurable hurdle for future capital allocation.

Three dated steps shaped the story

On October 14, 2026, S-1 reported third-quarter revenue of KRW 716.7 billion, up 2.6 percent year over year, while operating profit rose 5.3 percent to KRW 65.4 billion, Yonhap News Agency reported. On October 15, 2026, the company announced the KRW 450.0 billion tender offer. On October 16, 2026, Heungkuk Securities raised its target to KRW 120,000.

Two dates now matter

S-1's next reported earnings date is October 30, 2026, according to InvestPane. The tender offer is scheduled to close on November 3, 2026, according to Financial News.

KRX quote and valuation context

S-1 stock was last quoted at KRW 97,800 on KRX on October 19, 2026 at 11:18 a.m. KST, while its market capitalization was KRW 3.3 trillion. The stock's 52-week range was KRW 66,800 to KRW 103,000 as of October 16, 2026, keeping the shareholder-return plan central to the valuation debate.