Nasdaq
華爾街日報Public companies are Doosan Robotics Inc.'s (KRX:454910) biggest owners and were rewarded after market cap rose by ₩194b last week
Key Insights
- Significant control over Doosan Robotics by public companies implies that the general public has more power to influence management and governance-related decisions
- Doosan Corporation owns 68% of the company
- Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
A look at the shareholders of Doosan Robotics Inc. (KRX:454910) can tell us which group is most powerful. We can see that public companies own the lion's share in the company with 68% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
As a result, public companies collectively scored the highest last week as the company hit ₩5.2t market cap following a 3.9% gain in the stock.
In the chart below, we zoom in on the different ownership groups of Doosan Robotics.
See our latest analysis for Doosan Robotics
What Does The Institutional Ownership Tell Us About Doosan Robotics?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
As you can see, institutional investors have a fair amount of stake in Doosan Robotics. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Doosan Robotics' earnings history below. Of course, the future is what really matters.
Hedge funds don't have many shares in Doosan Robotics. Looking at our data, we can see that the largest shareholder is Doosan Corporation with 68% of shares outstanding. This implies that they have majority interest control of the future of the company. National Pension Service is the second largest shareholder owning 5.0% of common stock, and The Vanguard Group, Inc. holds about 1.2% of the company stock.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Doosan Robotics
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our information suggests that Doosan Robotics Inc. insiders own under 1% of the company. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around ₩2.2m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
General Public Ownership
The general public, who are usually individual investors, hold a 23% stake in Doosan Robotics. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Public Company Ownership
We can see that public companies hold 68% of the Doosan Robotics shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Doosan Robotics better, we need to consider many other factors. To that end, you should be aware of the 2 warning signs we've spotted with Doosan Robotics .
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.