Deep Value: cash covers about 97% of the stock price

This company holds roughly $16.5B in cash and investments — about 97% of its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

POSCO Holdings

PKX

Steel · Basic Materials

Price

$57.77

+1.69 (+3.01%)

Market Cap

$17.47B

Exchange

New York Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

−1.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 306.8M (2021) → 302.5M (2025)

POSCO Holdings is a South Korean company that makes steel — one of the most important materials in the world. Its core products include flat-rolled steel, wire rods, and stainless steel, which it sells to automakers, shipbuilders, construction companies, and appliance manufacturers. POSCO is one of the largest steel producers in the world and is South Korea's dominant steelmaker.

The company earns most of its revenue by selling steel products, with additional income from trading, engineering, and energy businesses under its holding company structure. POSCO operates primarily in South Korea but has mills and investments across Asia, including in India and Indonesia. Its scale and vertical integration give it some cost advantages, but the thin margins shown in recent financials reflect how competitive and cyclical the steel industry is. A key growth bet is its push into battery materials like lithium and nickel, which supply the electric vehicle industry — though this expansion carries significant execution and commodity price risk.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+314.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$195.3B/ year

↓ Declining (-6% vs prior year)

0.3% of revenue

Below sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~4 years

$23.3T cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$23.3T cash & investments at current burn rate

Growth context

POSCO Holdings is growing revenue at 12% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

0.0%

Thin — 0.0% gross margin

Operating Margin

4.3%

Thin — 4.3% operating margin

ROCE

1.0%

Weak — 1.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+0.6%

Nearly flat sales (+0.6% YoY)

EPS YoY

+213.6%

Earnings growing fast (+213.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

240%

Turns 240% of profit into real cash

FCF Margin

-3.0%

Burning cash (-3.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.51

Conservative — low debt load (0.51)

Interest Cover

8.73x

Comfortably covers interest (8.7x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

0.0x

Attractive valuation — P/E 0.0

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+0.0

GROWING

Earnings roughly flat

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Dividends

Dividend Yield

3.04%

Moderate income — 3.04% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

-10.2%

Dividend cut (-10.2% YoY) — warning sign

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