Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩575, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total loss to shareholders of 36% over the past three years. Buy Or Sell Opportunity • Apr 14
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to ₩575. The fair value is estimated to be ₩441, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. Ankündigung • Mar 17
Global SM Tech Limited, Annual General Meeting, Mar 31, 2026 Global SM Tech Limited, Annual General Meeting, Mar 31, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 231, ganghwasandan-ro, ganghwa-gun, incheon South Korea Buy Or Sell Opportunity • Mar 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₩545. The fair value is estimated to be ₩450, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩655, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 25x in the Machinery industry in South Korea. Total loss to shareholders of 6.3% over the past three years. New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩36.6b market cap, or US$25.4m). Buy Or Sell Opportunity • Feb 11
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ₩581. The fair value is estimated to be ₩435, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. Reported Earnings • Dec 05
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩32.4b (up 4.2% from 3Q 2024). Net income: ₩607.4m (down 58% from 3Q 2024). Profit margin: 1.9% (down from 4.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 03
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₩32.9b (up 5.4% from 2Q 2024). Net income: ₩3.27b (up 181% from 2Q 2024). Profit margin: 9.9% (up from 3.7% in 2Q 2024). The increase in margin was primarily driven by higher revenue. New Risk • Aug 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₩24.1b market cap, or US$17.3m). New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩24.3b market cap, or US$17.8m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩540, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 18x in the Machinery industry in South Korea. Total loss to shareholders of 33% over the past three years. Reported Earnings • Jun 05
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₩31.2b (flat on 1Q 2024). Net income: ₩585.2m (up ₩1.26b from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 22% per year. Ankündigung • Mar 18
Global SM Tech Limited, Annual General Meeting, Mar 31, 2025 Global SM Tech Limited, Annual General Meeting, Mar 31, 2025, at 09:30 Tokyo Standard Time. Location: auditorium, 231, ganghwasandan-ro, ganghwa-eup, ganghwa-gun, incheon South Korea New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩21.0b market cap, or US$14.7m). Reported Earnings • Dec 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₩31.1b (up 14% from 3Q 2023). Net income: ₩1.45b (up 173% from 3Q 2023). Profit margin: 4.7% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: ₩54.09 (vs ₩50.76 in 2Q 2023) Second quarter 2024 results: EPS: ₩54.09. Revenue: ₩31.3b (up 14% from 2Q 2023). Net income: ₩1.16b (down 56% from 2Q 2023). Profit margin: 3.7% (down from 9.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩400, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total loss to shareholders of 63% over the past three years. New Risk • Apr 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (₩22.9b market cap, or US$16.7m). Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: ₩51.01 (vs ₩27.13 in 2Q 2022) Second quarter 2023 results: EPS: ₩51.01 (up from ₩27.13 in 2Q 2022). Revenue: ₩28.1b (down 5.7% from 2Q 2022). Net income: ₩2.73b (up 91% from 2Q 2022). Profit margin: 9.7% (up from 4.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩787, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩831, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 47% over the past three years. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: ₩14.92 (vs ₩6.95 in 3Q 2021) Third quarter 2022 results: EPS: ₩14.92 (up from ₩6.95 in 3Q 2021). Revenue: ₩31.4b (down 1.7% from 3Q 2021). Net income: ₩781.0m (up 114% from 3Q 2021). Profit margin: 2.5% (up from 1.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 41% share price gain to ₩1,030, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₩714, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 3.2% over the past three years. Reported Earnings • Sep 01
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₩29.8b (up 4.2% from 2Q 2021). Net income: ₩1.43b (up ₩1.22b from 2Q 2021). Profit margin: 4.8% (up from 0.7% in 2Q 2021). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 30% share price gain to ₩984, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 33% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: ₩31.9b (up 12% from 3Q 2020). Net income: ₩365.3m (up 30% from 3Q 2020). Profit margin: 1.1% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₩1,185, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩836, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 16x in the Machinery industry in South Korea. Total loss to shareholders of 21% over the past three years. Reported Earnings • May 25
First quarter 2021 earnings released: EPS ₩21.00 (vs ₩2.00 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩29.3b (up 23% from 1Q 2020). Net income: ₩1.07b (up ₩955.2m from 1Q 2020). Profit margin: 3.7% (up from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ₩1,190 The company is up 120% from its price of ₩540 on 27 November 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: ₩1,160 The company is up 109% from its price of ₩556 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₩584 The company is up 10.0% from its price of ₩532 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₩577 The company is up 9.0% from its price of ₩529 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩497 The company is down 10.0% from its price of ₩552 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. 
