Board Change • May 08
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. 9 experienced directors. No highly experienced directors. 1 independent director (8 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 • Mar 14
Full year 2025 earnings released: EPS: ₩29.00 (vs ₩59.00 in FY 2024) Full year 2025 results: EPS: ₩29.00 (down from ₩59.00 in FY 2024). Revenue: ₩46.3b (down 19% from FY 2024). Net income: ₩2.47b (down 50% from FY 2024). Profit margin: 5.3% (down from 8.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Bekanntmachung • Feb 28
Elcomtec Co., Ltd, Annual General Meeting, Mar 18, 2026 Elcomtec Co., Ltd, Annual General Meeting, Mar 18, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 231, dongbu-daero, jinwi-myeon, gyeonggi-do, pyeongtaek South Korea Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩2.00 (vs ₩19.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩2.00 (down from ₩19.00 in 2Q 2024). Revenue: ₩12.0b (down 25% from 2Q 2024). Net income: ₩143.0m (down 91% from 2Q 2024). Profit margin: 1.2% (down from 9.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩1,229, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 12x in the Electronic 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: ₩59.00 (vs ₩30.00 in FY 2023) Full year 2024 results: EPS: ₩59.00 (up from ₩30.00 in FY 2023). Revenue: ₩57.4b (up 1.3% from FY 2023). Net income: ₩4.98b (up 99% from FY 2023). Profit margin: 8.7% (up from 4.4% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Bekanntmachung • Feb 27
Elcomtec Co., Ltd, Annual General Meeting, Mar 18, 2025 Elcomtec Co., Ltd, Annual General Meeting, Mar 18, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 231, dongbu-daero, jinwi-myeon, gyeonggi-do, pyeongtaek South Korea New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩104.8b market cap, or US$79.7m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,334, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 13% over the past three years. New Risk • May 01
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 8.0% 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 (8.0% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₩119.2b market cap, or US$85.9m). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,628, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩30.00 (vs ₩93.00 in FY 2022) Full year 2023 results: EPS: ₩30.00 (down from ₩93.00 in FY 2022). Revenue: ₩56.6b (up 36% from FY 2022). Net income: ₩2.50b (down 68% from FY 2022). Profit margin: 4.4% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,416, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 2.3% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,501, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total loss to shareholders of 13% over the past three years. New Risk • Nov 22
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: 9.6% 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. 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). Profit margins are more than 30% lower than last year (9.6% net profit margin). Market cap is less than US$100m (₩112.8b market cap, or US$87.0m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩1,805, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,320, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 17% over the past three years. Buying Opportunity • Sep 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₩1,514, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 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 8.7% 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 (8.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩120.5b market cap, or US$90.0m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩1,549, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total loss to shareholders of 23% over the past three years. New Risk • Jun 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩125.6b (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Large one-off items impacting financial results. Market cap is less than US$100m (₩125.6b market cap, or US$97.1m). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,950, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 2.9% over the past three years. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: ₩93.00 (vs ₩48.00 in FY 2021) Full year 2022 results: EPS: ₩93.00 (up from ₩48.00 in FY 2021). Revenue: ₩41.6b (down 8.0% from FY 2021). Net income: ₩7.84b (up 92% from FY 2021). Profit margin: 19% (up from 9.0% in FY 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩1,595, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₩1,280, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 10x in the Electronic industry in South Korea. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 19% share price gain to ₩1,100, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 30% over the past three years. 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. 9 experienced directors. No highly experienced directors. 1 independent director (8 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 • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,155, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss 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. 9 experienced directors. No highly experienced directors. 1 independent director (8 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 • Mar 19
Full year 2020 earnings released: ₩135 loss per share (vs ₩13.00 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩36.2b (down 22% from FY 2019). Net loss: ₩11.4b (down ₩12.5b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day low: ₩1,435 The company is down 3.0% from its price of ₩1,480 on 09 December 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: ₩1,790 The company is up 18% from its price of ₩1,515 on 04 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 44% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: ₩1,655 The company is up 4.0% from its price of ₩1,595 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 37% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩35.00 Per Share Will be paid on the 3rd of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.2% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.5%). Is New 90 Day High Low • Oct 26
New 90-day low: ₩1,450 The company is down 28% from its price of ₩2,025 on 28 July 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 Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩1,650 The company is down 17% from its price of ₩1,980 on 23 June 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period.