New Risk • Jun 29
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 13% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩131.5b market cap, or US$85.2m). New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩150.3b (US$99.8m) 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 22% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩150.3b market cap, or US$99.8m). New Risk • Mar 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 22% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. New Risk • Mar 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩147.7b (US$99.1m) 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 Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (₩147.7b market cap, or US$99.1m). Annonce • Mar 14
K-Ensol Co., Ltd., Annual General Meeting, Mar 27, 2026 K-Ensol Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 70, asanbaelli-ro 388beon-gil, chungcheongnam-do, asan South Korea Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩12,570, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 30% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.7%). New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.0b (US$97.6m) 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 Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (₩144.0b market cap, or US$97.6m). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ₩227 (vs ₩304 in 3Q 2024) Third quarter 2025 results: EPS: ₩227 (down from ₩304 in 3Q 2024). Revenue: ₩123.4b (down 24% from 3Q 2024). Net income: ₩2.94b (down 25% from 3Q 2024). Profit margin: 2.4% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Nov 08
Dividend of ₩300 announced Dividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 5 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to decline by 59% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Annonce • Nov 07
K-Ensol Co., Ltd. announces Annual dividend, payable on April 14, 2026 K-Ensol Co., Ltd. announced Annual dividend of KRW 300.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.9b (US$99.3m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
Second quarter 2025 earnings released: ₩162 loss per share (vs ₩258 profit in 2Q 2024) Second quarter 2025 results: ₩162 loss per share (down from ₩258 profit in 2Q 2024). Revenue: ₩108.4b (down 30% from 2Q 2024). Net loss: ₩2.10b (down 163% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩1,048 (vs ₩871 in FY 2023) Full year 2024 results: EPS: ₩1,048 (up from ₩871 in FY 2023). Revenue: ₩579.2b (up 39% from FY 2023). Net income: ₩13.6b (up 20% from FY 2023). Profit margin: 2.3% (down from 2.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Mar 08
K-Ensol Co., Ltd., Annual General Meeting, Mar 24, 2025 K-Ensol Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 70, asanbaelli-ro 388beon-gil, chungcheongnam-do, asan South Korea Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩14,300, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 15 April 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩12,900, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩17,980, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 8x in the Construction industry in South Korea. Total loss to shareholders of 33% over the past three years. New Risk • Aug 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩12,430, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 9x in the Construction industry in South Korea. Total loss to shareholders of 5.8% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩19,020, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 10x in the Construction industry in South Korea. Total returns to shareholders of 34% over the past three years. New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% 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 Risks Earnings have declined by 3.1% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Apr 22
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). Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩871 (vs ₩1,227 in FY 2022) Full year 2023 results: EPS: ₩871 (down from ₩1,227 in FY 2022). Revenue: ₩417.4b (up 7.4% from FY 2022). Net income: ₩11.3b (down 29% from FY 2022). Profit margin: 2.7% (down from 4.1% 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 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩22,350, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩19,270, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩15,770, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 9.5% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share at 1.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.9%). New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings have declined by 4.9% 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 4.9% 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. Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩23,450, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩28,800, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩31,500, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 195% over the past year. New Risk • Jul 20
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 9.7% 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: Major Risk Revenue has declined by 1.6% over the past year. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₩16,800, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 9x in the Construction industry in South Korea. Total returns to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩12,560, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 32% over the past year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (3.2%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩310 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₩16,150, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 8x in the Construction industry in South Korea. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorated over the past week After last week's 28% share price decline to ₩20,850, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Construction industry in South Korea. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 26% share price gain to ₩29,100, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Construction industry in South Korea. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 31% share price gain to ₩56,600, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 12x in the Construction industry in South Korea. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 26% share price gain to ₩55,800, the stock is trading at a trailing P/E ratio of 12.9x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 10x in the Construction industry in South Korea. Annonce • Sep 26
Wonbang Tech Co., Ltd. has completed an IPO in the amount of KRW 69.651479 billion. Wonbang Tech Co., Ltd. has completed an IPO in the amount of KRW 69.651479 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,282,716
Price\Range: KRW 54300
Discount Per Security: KRW 2172
Transaction Features: ESOP Related Offering Annonce • Sep 25
Wonbang Tech Co., Ltd. has filed an IPO. Wonbang Tech Co., Ltd. has filed an IPO.
Security Name: Shares
Security Type: Common Stock
Price\Range: KRW 37400 to KRW 42000
Transaction Features: ESOP Related Offering