New Risk • Jun 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩75.4b market cap, or US$50.0m). Annonce • Mar 05
UNITEKNO Co.,Ltd, Annual General Meeting, Mar 31, 2026 UNITEKNO Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 27, mieumgukje 9-ro, gangseo-gu, busan South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,400, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total loss to shareholders of 24% over the past three years. New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings have declined by 4.4% 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 4.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (₩86.4b market cap, or US$58.8m). New Risk • Nov 11
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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩98.2b market cap, or US$67.1m). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩4,015, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 6.7% over the past three years. New Risk • Aug 29
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: 5.9% Last year net profit margin: 11% 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: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩87.2b market cap, or US$62.8m). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,565, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,245, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 62% over the past three years. Annonce • Mar 01
UNITEKNO Co.,Ltd, Annual General Meeting, Mar 31, 2025 UNITEKNO Co.,Ltd, Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 27, mieumgukje 9-ro, gangseo-gu, busan South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,060, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 66% over the past three years. New Risk • Sep 18
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (₩99.6b market cap, or US$75.1m). New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩106.9b market cap, or US$80.1m). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩5,050, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 49% over the past three years. New Risk • Jul 05
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). Market cap is less than US$100m (₩109.8b market cap, or US$79.5m). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₩4,485, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩373 (vs ₩198 in FY 2022) Full year 2023 results: EPS: ₩373 (up from ₩198 in FY 2022). Revenue: ₩101.9b (up 24% from FY 2022). Net income: ₩9.12b (up 87% from FY 2022). Profit margin: 9.0% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. 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 14% per year, which means it has not declined as severely as earnings. New Risk • Jan 17
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (₩115.0b market cap, or US$85.5m). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩5,170, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 40% over the past three years. New Risk • Nov 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (₩98.5b market cap, or US$76.0m). New Risk • Nov 13
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 9.8% 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 (9.8% average weekly change). Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (₩72.6b market cap, or US$54.9m). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩3,850, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 28% over the past three years. Annonce • Jun 29
UNITEKNO Co.,Ltd announced that it expects to receive KRW 30 billion in funding from Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Uni Growth Co., Ltd UNITEKNO Co.,Ltd announced a private placement of series 2 non-guaranteed convertible bonds for the gross proceeds of KRW 5,000 million, series 3 non-guaranteed convertible bonds for the gross proceeds of KRW 15,000 million, and series 4 unregistered coupon unguaranteed private bond with warrants for the gross proceeds of KRW 10,000 million for aggregate gross proceeds of KRW 30,000 million on June 27, 2023. The transaction included participation from new investors Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd. and Uni Growth Co., Ltd. The series 4 unregistered coupon unguaranteed private bond with warrants are non-convertible. The company will issue 2,168,256 common shares in the transaction upon exercising of the warrants. The series 2 and series 4 bonds are 100% convertible into 1,084,128 common shares and 3,252,385 common shares at a conversion price of KRW 4,612 from August 4, 2024 to July 4, 2028 . The bonds have a maturity interest rate of 3.5% and the bonds will be matured on the debt maturity date that is, August 4, 2028. The transaction has been approved by the shareholder's of the company and is expected to close on August 4, 2023. All securities issued in the transaction have a hold period of one year. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩198 (vs ₩395 in FY 2021) Full year 2022 results: EPS: ₩198 (down from ₩395 in FY 2021). Revenue: ₩82.4b (up 3.1% from FY 2021). Net income: ₩4.88b (down 48% from FY 2021). Profit margin: 5.9% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩4,780, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩3,900, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 10x in the Auto Components industry in South Korea. Total loss to shareholders of 26% over the past three years. Annonce • Jun 29
UNITEKNO Co.,Ltd (KOSDAQ:A241690) announces an Equity Buyback for KRW 1,000 million worth of its shares. UNITEKNO Co.,Ltd (KOSDAQ:A241690) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares according to the contract with Korea Investment & Securities. The purpose of the program is stock price stability and shareholder value enhancement. The program will continue through December 26, 2022. As of June 26, 2022, the company had 367,063 and 0 treasury stock holdings within the scope of allotment acquisition co., ltd. and other acquisition co., ltd., respectively. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,820, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 16x in the Auto Components industry in South Korea. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩7,920, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 13x in the Auto Components industry in South Korea. Total returns to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,500, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₩11,650, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 16x in the Auto Components industry in South Korea. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩10,350, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 4.0% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₩14,100, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 16x in the Auto Components industry in South Korea. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,370, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 18x in the Auto Components industry in South Korea. Total returns to shareholders of 2.7% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩7,760, the stock is trading at a trailing P/E ratio of 20.5x, down from the previous P/E ratio of 24.7x. This compares to an average P/E of 25x in the Auto Components industry in South Korea. Total return to shareholders over the past three years is a loss of 6.5%. Is New 90 Day High Low • Jan 08
New 90-day high: ₩13,300 The company is up 21% from its price of ₩10,950 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₩12,200 The company is up 22% from its price of ₩9,970 on 09 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 14% over the same period. 