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POSCO Holdings Inc.
(005490)
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Rating:51Neutral
Price Target:
₩277,380
Action:N/A
Date:10/28/26
The score is held back primarily by weak cash-flow quality (persistently negative free cash flow) and bearish technicals (price below key moving averages with negative momentum). These are partially offset by a manageable balance sheet, moderate valuation with a ~3.26% dividend yield, and an earnings call that points to gradual operational improvement into Q3/Q4 despite meaningful cost, trade, and execution risks.
Positive Factors
Manageable leverage
Manageable leverage and a sizable equity base provide POSCO Holdings with resilience across its steel, materials, and infrastructure portfolio. Although debt-to-equity has risen from prior years, the balance sheet should retain capacity to support investment and absorb cyclical operating pressure.
Negative Factors
Persistent negative free cash flow
Recurring negative free cash flow shows that reported earnings are not translating into cash after investment needs. This reduces funding flexibility, increases reliance on asset monetization or external financing, and makes sustained capital spending harder to support through internal generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Manageable leverage and a sizable equity base provide POSCO Holdings with resilience across its steel, materials, and infrastructure portfolio. Although debt-to-equity has risen from prior years, the balance sheet should retain capacity to support investment and absorb cyclical operating pressure.
Read all positive factors
POSCO Holdings Inc. (005490) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩20.85T
Dividend Yield3.19%
Average Volume (3M)199.11K
Price to Earnings (P/E)15.8
Beta (1Y)0.60
Revenue Growth0.17%
EPS Growth177.28%
CountryKR
Employees429
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)17818.09
Shares Outstanding79,241,520
10 Day Avg. Volume261,992
30 Day Avg. Volume199,112
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)0.44
Price to Sales (P/S)0.36
P/FCF Ratio-22.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)25,663.68
Revenue Forecast (FY)₩74.16T
POSCO Holdings Inc. Business Overview & Revenue Model
Company Description
POSCO Holdings Inc. is a prominent South Korean global enterprise specializing in the production and worldwide distribution of a broad spectrum of steel products, encompassing hot and cold rolled steel, specialized plates, wire rods, galvanized an...
POSCO Holdings Inc. Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
The call presented clear operational progress: consolidated revenue and operating profit increased QoQ, RBM and Argentina lithium turned profitable, restructuring generated meaningful cash, and several strategic projects (EAF, rare gas plant, DLE demo and JVs) reached milestones. However, material headwinds persist — raw material and energy cost inflation, FX pressures, trade measures, lithium price spread challenges (Pilbara), seasonal/operational interruptions in Argentina, and a safety fatality — all temper near-term visibility. Overall, the tone is cautiously optimistic with strong operational and strategic positives balanced against notable cost, market access and execution risks.Positive Updates
Consolidated Revenue and Operating Profit Growth
Consolidated revenue of KRW 19.3 trillion in Q2, up KRW 1.4 trillion QoQ; operating profit of KRW 819–820 billion, a 16% QoQ increase.
Negative Updates
Cost Inflation and FX Headwinds
Raw material costs rose ~6% QoQ; additional pressure from higher oil prices, adverse FX movements (weak Korean won), logistics and maintenance cost increases, reducing margins.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue and Operating Profit Growth
Consolidated revenue of KRW 19.3 trillion in Q2, up KRW 1.4 trillion QoQ; operating profit of KRW 819–820 billion, a 16% QoQ increase.
Read all positive updates
Company Guidance
Management guided to continued quarter‑over‑quarter improvement in Q3 and a stronger Q4, noting Q2 consolidated results of KRW 19.3 trillion revenue, KRW 819–820 billion operating profit, KRW 1.9 trillion EBITDA, and KRW 2.0 trillion Q2 CapEx (KRW 3.7 trillion H1 CapEx). They expect crude steel production of ~9.0 million tonnes in Q3, POSCO separate OP ~KRW 274 billion in Q2 (2.9% margin), ASP for carbon steel up to KRW 962,000/tonne (from KRW 920,000), and raw‑material costs +~6% q/q, with domestic sales rising to 55.5%. For battery materials, POSCO Argentina saw sales +160% q/q, revenue +290% q/q and recorded KRW 11 billion OP (first quarterly profit), but management warned of a temporary Q3 production dip for Plant 1 (LP dryer replacement, Argentina winter) with full operation and certified sales ramping in Q4; P‑PLS posted KRW 102 billion revenue and ~KRW 1 billion operating loss in Q2. Other noted metrics: POSCO E&C OP KRW 44 billion Q2 (H1 KRW 97 billion), a 2.5 Mt EAF completed in June, 12 restructuring projects generated KRW 475.4 billion cash in H1 with a KRW 3.5 trillion target by 2028, plans to monetize affiliate stakes to raise ~KRW 3.5 trillion (with ~10% or KRW 350 billion proposed for shareholder returns under a 50% payout framework), and a safety assessment of 33 affiliates across 4 areas to be completed by October.POSCO Holdings Inc. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.13T | 69.09T | 72.69T | 77.06T | 84.75T | 76.33T |
| Gross Profit | 5.66T | 5.20T | 5.49T | 6.42T | 7.65T | 11.88T |
| EBITDA | 6.59T | 5.96T | 6.61T | 7.21T | 8.53T | 12.79T |
| Net Income | 1.35T | 657.65B | 1.09T | 1.70T | 3.16T | 6.61T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 98.41T | 91.47T |
| Cash, Cash Equivalents and Short-Term Investments | 14.30T | 8.47T | 14.80T | 17.91T | 18.74T | 18.16T |
| Total Debt | 31.83T | 29.83T | 26.90T | 25.90T | 25.13T | 21.53T |
| Total Liabilities | 45.55T | 42.81T | 41.95T | 41.89T | 40.15T | 36.67T |
| Stockholders Equity | 57.43T | 55.73T | 55.39T | 54.15T | 52.51T | 50.43T |
Cash Flow | ||||||
| Free Cash Flow | -2.15T | -1.09T | -1.52T | -1.06T | 766.31B | 2.75T |
| Operating Cash Flow | 2.85T | 4.57T | 6.71T | 6.17T | 6.19T | 6.26T |
| Investing Cash Flow | -3.43T | -5.85T | -4.52T | -7.39T | -4.22T | -5.58T |
| Financing Cash Flow | -351.66B | 1.57T | -2.31T | -178.59B | 1.32T | -768.67B |
POSCO Holdings Inc. Technical Analysis
Negative
―
Price Trends
316207.76
Negative
321779.31
Negative
349545.62
Negative
Market Momentum
-10727.67
Positive
40.25
Neutral
14.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:005490, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 298075.00, equal to the 50-day MA of 316207.76, and equal to the 200-day MA of 349545.62, indicating a bearish trend. The MACD of -10727.67 indicates Positive momentum. The RSI at 40.25 is Neutral, neither overbought nor oversold. The STOCH value of 14.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:005490.
POSCO Holdings Inc. Risk Analysis
POSCO Holdings Inc. disclosed 29 risk factors in its most recent earnings report. POSCO Holdings Inc. reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
POSCO Holdings Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₩335.45B | 6.04 | ― | 4.59% | -4.28% | -48.94% | |
61 Neutral | ₩453.88B | 1.43 | ― | 4.37% | 4.81% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₩1.12T | 12.22 | ― | 3.85% | 8.75% | ― | |
51 Neutral | ₩20.85T | 15.83 | ― | 3.19% | 0.17% | 177.28% | |
51 Neutral | ₩3.49T | -195.99 | ― | 1.88% | 1.43% | 68.12% | |
44 Neutral | ₩194.41B | -5.51 | ― | 2.92% | 6.96% | -630.98% |
* General Sector Average
KR:005490
POSCO Holdings Inc.
282,000.00
-36,866.56
-11.56%
KR:001430
SeAH Besteel Holdings Corporation
31,200.00
3,073.38
10.93%
KR:004020
Hyundai Steel Company
26,550.00
-7,013.57
-20.90%
KR:005010
Husteel Co., Ltd
3,460.00
-845.00
-19.63%
KR:306200
SeAH Steel Corp.
119,800.00
-5,255.60
-4.20%
KR:460860
DONGKUK STEEL MILL Co., Ltd.
9,160.00
618.55
7.24%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.