- POSCO's 4Q 2020 financial performance was satisfactory with full-year revenue above management guidance, and the near-term outlook for the core steel business is positive with expectations of higher steel prices.
- POSCO has set a three-year new revenue mix target which should help the company reduce its cyclicality, and this could possibly lead to a positive re-rating of the company's valuations.
- POSCO is valued by the market at 0.43 times trailing P/B and 8.5 times consensus forward FY 2021 P/E, and the stock offers a consensus forward FY 2021 dividend yield of 3.8%.
For further details see:
POSCO: Revenue Mix Optimization Is Medium Term Catalyst