Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩732, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩941, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 43% over the past three years. New Risk • Apr 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩30.3b market cap, or US$20.1m). Annonce • Mar 17
iWIN CO.,LTD, Annual General Meeting, Mar 31, 2026 iWIN CO.,LTD, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 110, jangansandan 9-ro, jangan-eup, gijang-gun, busan South Korea Annonce • Dec 16
RN2 Technologies Co., Ltd. (KOSDAQ:A148250), MJPE Investment Fund No. 1 and MH Fund entered into a Share Purchase Agreement to acquire 28.52% stake in iWIN PLUS CO.,LTD. (KOSDAQ:A123010) from iWIN CO.,LTD (KOSDAQ:A090150) for KRW 16.65 billion. RN2 Technologies Co., Ltd. (KOSDAQ:A148250), MJPE Investment Fund No. 1 and MH Fund entered into a Share Purchase Agreement to acquire 28.52% stake in iWIN PLUS CO.,LTD. (KOSDAQ:A123010) from iWIN CO.,LTD (KOSDAQ:A090150) for KRW 16.65 billion on December 15, 2025. A cash consideration of KRW 16.65 billion valued at KRW 1800 per share will be paid by RN2 Technologies Co., Ltd., MJPE Investment Fund No. 1 and MH Fund.
The expected completion of the transaction is January 9, 2026. Buy Or Sell Opportunity • Oct 20
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to ₩801. The fair value is estimated to be ₩645, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 39%. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued Over the last 90 days, the stock has fallen 1.8% to ₩778. The fair value is estimated to be ₩645, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 39%. Annonce • Mar 18
iWIN CO.,LTD, Annual General Meeting, Mar 31, 2025 iWIN CO.,LTD, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 110, jangansandan 9-ro, jangan-eup, gijang-gun, busan South Korea New Risk • Jan 06
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: Major Risk Earnings have declined by 83% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩44.8b market cap, or US$30.7m). New Risk • Dec 16
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 (₩32.6b market cap, or US$22.7m). New Risk • Mar 08
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 14% 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (₩61.5b market cap, or US$46.8m). Annonce • Feb 28
iWIN CO.,LTD announced that it has received KRW 6 billion in funding from BTC Investment, Bithumb Korea Co., Ltd., Mattee Flower Inc. On February 28, 2024, iWIN CO.,LTD closed the transaction. Annonce • Feb 26
iWIN CO.,LTD announced that it expects to receive KRW 6 billion in funding from BTC Investment, Bithumb Korea Co., Ltd., Mattee Flower Inc. iWIN CO.,LTD announced a private placement to issue Series 7 Domestic Bearer Interest-Bearing Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 6,000,000,000 on February 26, 2024. The transaction will include participation from returning investor BTC Investment for KRW 1,000,000,000 and new investors Bithumb Korea Co., Ltd. for KRW 3,000,000,000 and Mattee Flower Inc. for KRW 2,000,000,000. The bonds are 100% convertible into 4,319,654 shares at a fixed conversion price of KRW 1,389 from February 28, 2025 to January 28, 2027. The bonds bear 3% coupon rate and 7% maturity rate and matures on February 27, 2027. The securities are restricted to a hold period of 1 year. The transaction has been approved by the shareholders of the company and is expected to close on February 28, 2024. Upcoming Dividend • Dec 20
Upcoming dividend of ₩35.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 25 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%). New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (₩60.8b market cap, or US$46.1m). Annonce • Aug 26
iWIN CO.,LTD announced that it has received KRW 7.7 billion in funding On August 24, 2023, iWIN CO.,LTD, closed the transaction. Upcoming Dividend • Dec 21
Upcoming dividend of ₩45.45 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 26 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%). 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Annonce • Jun 23
iWIN CO.,LTD (KOSDAQ:A090150) announces an Equity Buyback for KRW 3,000 million worth of its shares. iWIN CO.,LTD (KOSDAQ:A090150) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock pursuant to a contract with BNK Busan Bank. The purpose of the program is to stabilize the stock prices and enhance the shareholders value. The repurchase program will expire on December 22, 2023. As of June 21, 2022, the company had 812,949 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Annonce • Apr 22
iWIN CO.,LTD announced that it expects to receive KRW 12 billion in funding from BTC Investment iWIN CO.,LTD announced a private placement of 4th Bearer Type Interest Part Unguaranteed Private Placement Convertible Bonds for gross proceeds of KRW 12,000,000,000 on April 20, 2022. The transaction included participation from Winir Co., Ltd. for KRW 6,000,000,000 BTCI No. 1 2021 Venture Investment Association for KRW 5,000,000,000 and BTC Investment for KRW 1,000,000,000. The bonds will carry 1% coupon rate, 3% yield to maturity rate, will mature on May 27, 2025 and will be 100% convertible into 4,571,428 common shares of the company at a fixed conversion price of KRW 2,625 per share from May 27, 2023 to April 27, 2025. The transaction has been approved by the board of directors of the company. The payment date is on May 27, 2022. The securities are redeemable. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 20% share price gain to ₩2,650, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩2,130, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,625, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₩5,500, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 554% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 31% share price gain to ₩12,800, the stock trades at a trailing P/E ratio of 66.4x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 668% over the past three years. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩8,220, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 16x in the Auto Components industry in South Korea. Total returns to shareholders of 284% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 28% share price gain to ₩9,330, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 18x in the Auto Components industry in South Korea. Total returns to shareholders of 363% over the past three years. Annonce • Jul 24
KWANGJIN WINTEC CO., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 30.019027 billion. KWANGJIN WINTEC CO., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 30.019027 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,069,631
Price\Range: KRW 3720
Discount Per Security: KRW 0.6696
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₩5,810, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 19x in the Auto Components industry in South Korea. Total returns to shareholders of 220% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩4,075, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 19x in the Auto Components industry in South Korea. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩4,305, the stock is trading at a trailing P/E ratio of 20.6x, down from the previous P/E ratio of 24.2x. This compares to an average P/E of 23x in the Auto Components industry in South Korea. Total returns to shareholders over the past three years are 59%. Annonce • Jan 26
Kwangjin Wintec Co., Ltd. announced that it has received KRW 10 billion in funding from BNK Securities Co., Ltd., Investment Arm On January 25, 2021, Kwangjin Wintec Co., Ltd. (KOSDAQ:A090150) closed the transaction. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩100.00 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.3% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (1.7%). Annonce • Dec 06
Kwang Jin Wintec Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from BNK Securities Co., Ltd., Investment Arm Kwang Jin Wintec Co.,Ltd. (KOSDAQ:A090150) announced a private placement of series 2 non-guaranteed privately held convertible bonds for gross proceeds of KRW 10,000,000,000 on December 4, 2020. The transaction will include participation from BNK Securities Co., Ltd., Investment Arm. The bonds carry zero coupon rate and interest to maturity of 4%. The debt maturity date is December 8, 2023. The bonds will be convertible into 2,463,054 shares of the company at a price of KRW 4,061. The conversion period will start on December 8, 2021 and end on November 8, 2023. The subscription and payment date is December 8, 2020. The transaction has been approved by the board of the company. Is New 90 Day High Low • Dec 04
New 90-day high: ₩5,090 The company is up 90% from its price of ₩2,685 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 16% share price gain to ₩3,770, the stock is trading at a trailing P/E ratio of 39.2x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 21x in the Auto Components industry in South Korea. Total returns to shareholders over the past three years are 51%. Is New 90 Day High Low • Nov 13
New 90-day high: ₩3,125 The company is up 6.0% from its price of ₩2,955 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: ₩3,075 The company is up 2.0% from its price of ₩3,015 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 12% over the same period.