Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩11,940, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 29% over the past three years. New Risk • Jun 18
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 12% 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 (12% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩15,300, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩13,030, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 49% over the past three years. New Risk • May 21
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: 12% Last year net profit margin: 20% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩15,690, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total returns to shareholders of 75% over the past three years. Ankündigung • Mar 19
Hansol IONES Co., Ltd. (KOSDAQ:A114810) announces an Equity Buyback for KRW 6,030 million worth of its shares. Hansol IONES Co., Ltd. (KOSDAQ:A114810) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,030 million worth of it's shares pursuant to a contract with NH Investment & Securities co., Ltd. The purpose of the program is stock price stabilization and enhancement of shareholder value. The repurchase program will expire on September 18, 2026. As of March 17, 2026, the company had 885,139 shares in treasury within scope available for dividend and had 67,368 shares in treasury through other repurchase. Reported Earnings • Mar 14
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₩1,029 (down from ₩1,125 in FY 2024). Revenue: ₩198.8b (up 27% from FY 2024). Net income: ₩28.4b (down 8.5% from FY 2024). Profit margin: 14% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩12,870, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 69% over the past three years. Ankündigung • Feb 13
Hansol IONES Co., Ltd., Annual General Meeting, Mar 18, 2026 Hansol IONES Co., Ltd., Annual General Meeting, Mar 18, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 847, miyang-ro, gyeonggi-do, anseong South Korea Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩17,010, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩13,550, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩12,500, the stock trades at a trailing P/E ratio of 11.7x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 68% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩233 (vs ₩152 in 3Q 2024) Third quarter 2025 results: EPS: ₩233 (up from ₩152 in 3Q 2024). Revenue: ₩51.2b (up 40% from 3Q 2024). Net income: ₩6.44b (up 53% from 3Q 2024). Profit margin: 13% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩16,500, the stock trades at a trailing P/E ratio of 16.7x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 134% over the past three years. New Risk • Sep 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 7.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩10,350, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past three years. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩270 (vs ₩489 in 2Q 2024) Second quarter 2025 results: EPS: ₩270 (down from ₩489 in 2Q 2024). Revenue: ₩47.0b (up 19% from 2Q 2024). Net income: ₩7.46b (down 45% from 2Q 2024). Profit margin: 16% (down from 34% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩8,250, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩8,300, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₩1,125 (vs ₩77.00 in FY 2023) Full year 2024 results: EPS: ₩1,125 (up from ₩77.00 in FY 2023). Revenue: ₩157.1b (up 27% from FY 2023). Net income: ₩31.1b (up ₩28.9b from FY 2023). Profit margin: 20% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 18
Hansol IONES Co.,Ltd., Annual General Meeting, Mar 18, 2025 Hansol IONES Co.,Ltd., Annual General Meeting, Mar 18, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 847, miyang-ro, gyeonggi-do, anseong South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,870, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 23% over the past three years. Buy Or Sell Opportunity • Feb 07
Now 23% overvalued Over the last 90 days, the stock has fallen 2.9% to ₩6,690. The fair value is estimated to be ₩5,461, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Jan 03
Now 23% overvalued Over the last 90 days, the stock has fallen 20% to ₩6,600. The fair value is estimated to be ₩5,379, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Dec 16
Now 23% overvalued Over the last 90 days, the stock has fallen 16% to ₩6,590. The fair value is estimated to be ₩5,343, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Nov 15
Now 22% overvalued Over the last 90 days, the stock has fallen 41% to ₩6,400. The fair value is estimated to be ₩5,226, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩489 (vs ₩9.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩489 (up from ₩9.00 loss in 2Q 2023). Revenue: ₩39.5b (up 35% from 2Q 2023). Net income: ₩13.5b (up ₩13.7b from 2Q 2023). Profit margin: 34% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩11,880, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩13,740, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 67% over the past three years. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: ₩77.00 (vs ₩1,086 in FY 2022) Full year 2023 results: EPS: ₩77.00 (down from ₩1,086 in FY 2022). Revenue: ₩123.9b (down 24% from FY 2022). Net income: ₩2.13b (down 93% from FY 2022). Profit margin: 1.7% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩10,820, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 77% over the past three years. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩120 (vs ₩371 in 3Q 2022) Third quarter 2023 results: EPS: ₩120 (down from ₩371 in 3Q 2022). Revenue: ₩25.7b (down 45% from 3Q 2022). Net income: ₩3.31b (down 68% from 3Q 2022). Profit margin: 13% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 27% per year. New Risk • Aug 21
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: 12% Last year net profit margin: 18% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,200, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩8,970, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 275% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩1,086 (vs ₩1,146 in FY 2021) Full year 2022 results: EPS: ₩1,086. Revenue: ₩163.9b (flat on FY 2021). Net income: ₩28.3b (up 2.5% from FY 2021). Profit margin: 17% (in line with FY 2021). Buying Opportunity • Sep 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be ₩7,750, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩6,860, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 10x in the Semiconductor industry in South Korea. Total returns to shareholders of 123% over the past three years. Reported Earnings • May 21
First quarter 2022 earnings released: EPS: ₩266 (vs ₩232 in 1Q 2021) First quarter 2022 results: EPS: ₩266 (up from ₩232 in 1Q 2021). Revenue: ₩40.5b (up 7.4% from 1Q 2021). Net income: ₩7.09b (up 26% from 1Q 2021). Profit margin: 18% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: ₩1,158 (vs ₩11.00 loss in FY 2020) Full year 2021 results: EPS: ₩1,158 (up from ₩11.00 loss in FY 2020). Revenue: ₩163.8b (up 12% from FY 2020). Net income: ₩27.9b (up ₩28.2b from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 19% share price gain to ₩12,850, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₩10,050, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 38% over the past three years. Ankündigung • Aug 13
Iones Co., Ltd. (KOSDAQ:A114810) announces an Equity Buyback for KRW 2,000 million worth of its shares. Iones Co., Ltd. (KOSDAQ:A114810) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with KB Securities co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on February 12, 2022. As of August 11, 2021, the company had 1,362,664 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩16.00 (vs ₩130 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩146.3b (up 17% from FY 2019). Net income: ₩394.8m (up ₩3.71b from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 26% share price gain to ₩7,400, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 21% over the past three years. Is New 90 Day High Low • Mar 10
New 90-day low: ₩5,520 The company is down 2.0% from its price of ₩5,625 on 10 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 25% share price gain to ₩7,100, the stock is trading at a trailing P/E ratio of 45.6x, up from the previous P/E ratio of 36.5x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Dec 29
New 90-day high: ₩7,100 The company is up 66% from its price of ₩4,270 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 19% share price gain to ₩10,750, the stock is trading at a trailing P/E ratio of 34.6x, up from the previous P/E ratio of 29.1x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total return to shareholders over the past three years is a loss of 12%. Is New 90 Day High Low • Dec 08
New 90-day high: ₩9,840 The company is up 12% from its price of ₩8,780 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 29% over the same period. 
