New Risk • Mar 11
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: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Anuncio • Feb 27
Innowireless Co., Ltd., Annual General Meeting, Mar 26, 2026 Innowireless Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 15, pangyo-ro 228beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Declared Dividend • Dec 14
Dividend of ₩120 announced Dividend of ₩120 is the same as last year. Ex-date: 29th December 2025 Payment date: 22nd April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.3%. Anuncio • Dec 13
Innowireless Co., Ltd. announces Annual dividend, payable on April 22, 2026 Innowireless Co., Ltd. announced Annual dividend of KRW 120.0000 per share payable on April 22, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,350, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 16x in the Communications industry in South Korea. Total loss to shareholders of 30% over the past three years. New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩146.1b (US$99.5m) 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: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₩146.1b market cap, or US$99.5m). Anuncio • Feb 18
Innowireless Co., Ltd., Annual General Meeting, Mar 27, 2025 Innowireless Co., Ltd., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 15, pangyo-ro 228beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Buy Or Sell Opportunity • Feb 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₩22,750. The fair value is estimated to be ₩18,791, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 32%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩350 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 22 April 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (1.7%). New Risk • Dec 09
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. This is currently the only risk that has been identified for the company. 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 ₩16,680, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 14x in the Communications industry in South Korea. Total loss to shareholders of 63% over the past three years. New Risk • May 16
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.2% net profit margin). Buy Or Sell Opportunity • Feb 29
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to ₩26,400. The fair value is estimated to be ₩33,491, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 2.8%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩30,900, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 19x in the Communications industry in South Korea. Total loss to shareholders of 44% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩350 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (1.3%). Buying Opportunity • Dec 06
Now 20% undervalued Over the last 90 days, the stock is up 9.1%. The fair value is estimated to be ₩30,816, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 2.8%. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩304 (vs ₩1,428 in 3Q 2022) Third quarter 2023 results: EPS: ₩304 (down from ₩1,428 in 3Q 2022). Revenue: ₩25.9b (down 38% from 3Q 2022). Net income: ₩2.32b (down 76% from 3Q 2022). Profit margin: 9.0% (down from 23% 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 3% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ₩478 (vs ₩135 loss in 1Q 2022) First quarter 2023 results: EPS: ₩478 (up from ₩135 loss in 1Q 2022). Revenue: ₩28.9b (up 86% from 1Q 2022). Net income: ₩3.52b (up ₩4.43b from 1Q 2022). Profit margin: 12% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Anuncio • Jan 11
Innowireless Co., Ltd. announced that it has received KRW 26.3788959 billion in funding from LIG Corp. On January 10, 2023, Innowireless Co., Ltd. closed the transaction. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.2%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ₩41.4b (up 216% from 3Q 2021). Net income: ₩9.62b (up ₩10.7b from 3Q 2021). Profit margin: 23% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in South Korea. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩24,700, the stock trades at a trailing P/E ratio of 16.2x. Average forward P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩30,200, the stock trades at a trailing P/E ratio of 16.2x. Average forward P/E is 21x in the Communications industry in South Korea. Total returns to shareholders of 12% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 20% share price gain to ₩43,450, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Communications industry in South Korea. Total returns to shareholders of 114% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ₩162 loss per share (vs ₩310 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₩13.1b (down 25% from 3Q 2020). Net loss: ₩1.09b (down 152% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩45,350, the stock is trading at a trailing P/E ratio of 20.1x, down from the previous P/E ratio of 24.3x. This compares to an average P/E of 21x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 168%. Is New 90 Day High Low • Feb 23
New 90-day low: ₩50,900 The company is down 11% from its price of ₩57,100 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩159,777 per share. Anuncio • Feb 10
Innowireless Co., Ltd., Annual General Meeting, Mar 26, 2021 Innowireless Co., Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day low: ₩52,700 The company is down 9.0% from its price of ₩57,800 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩159,305 per share. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ₩310 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩17.6b (down 13% from 3Q 2019). Net income: ₩2.09b (down 28% from 3Q 2019). Profit margin: 12% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.