Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩1,574, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 32% over the past three years. Annonce • Mar 19
Anam Electronics Co.,Ltd. (KOSE:A008700) announces an Equity Buyback for 25,657,000 shares, representing 33.27% for KRW 40,024.92 million. Anam Electronics Co.,Ltd. (KOSE:A008700) announces a share repurchase program. Under the program, the company will repurchase shares up to 25,657,000 shares, representing 33.27% of its issued share capital for KRW 40,024.92 million. The shares will be repurchased for KRW 1,560 per share. The repurchased shares will be cancelled. The purpose of the program is to enhance shareholder value. If more than 25,657,000 shares are tendered, shares will be purchased on a pro-rata basis. The program will be valid until April 10, 2026. As of March 18, 2026, the company had 77,121,330 outstanding shares, 3,490 shares in treasury under the dividend capacity and no shares in treasury under other buyback. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₩71.00 (vs ₩123 in FY 2024) Full year 2025 results: EPS: ₩71.00 (down from ₩123 in FY 2024). Revenue: ₩215.3b (down 17% from FY 2024). Net income: ₩5.89b (down 38% from FY 2024). Profit margin: 2.7% (down from 3.7% 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 10% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. 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 ₩1,117, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 53% over the past three years. Annonce • Feb 06
Anam Electronics Co.,Ltd., Annual General Meeting, Mar 20, 2026 Anam Electronics Co.,Ltd., Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, guro-gu, seoul South Korea Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩14.00 (vs ₩68.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩14.00 (down from ₩68.00 in 3Q 2024). Revenue: ₩63.2b (down 28% from 3Q 2024). Net income: ₩938.3m (down 83% from 3Q 2024). Profit margin: 1.5% (down from 6.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₩29.00 (vs ₩27.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩29.00. Revenue: ₩57.0b (down 7.8% from 2Q 2024). Net income: ₩1.78b (down 26% from 2Q 2024). Profit margin: 3.1% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩123 (vs ₩91.00 in FY 2023) Full year 2024 results: EPS: ₩123 (up from ₩91.00 in FY 2023). Revenue: ₩258.4b (down 23% from FY 2023). Net income: ₩9.48b (up 34% from FY 2023). Profit margin: 3.7% (up from 2.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annonce • Feb 07
Anam Electronics Co.,Ltd., Annual General Meeting, Mar 21, 2025 Anam Electronics Co.,Ltd., Annual General Meeting, Mar 21, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, guro-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,507, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,275, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₩27.00 (vs ₩13.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩27.00 (up from ₩13.00 in 2Q 2023). Revenue: ₩61.8b (down 16% from 2Q 2023). Net income: ₩2.40b (up 171% from 2Q 2023). Profit margin: 3.9% (up from 1.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 21% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,254, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 12x in the Consumer Durables industry in South Korea. Total loss to shareholders of 64% over the past three years. New Risk • May 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.1b (US$99.6m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩91.00 (vs ₩181 in FY 2022) Full year 2023 results: EPS: ₩91.00 (down from ₩181 in FY 2022). Revenue: ₩333.7b (down 31% from FY 2022). Net income: ₩7.06b (down 49% from FY 2022). Profit margin: 2.1% (down from 2.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩52.00 (vs ₩38.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩52.00 (up from ₩38.00 in 3Q 2022). Revenue: ₩104.6b (down 22% from 3Q 2022). Net income: ₩4.41b (up 31% from 3Q 2022). Profit margin: 4.2% (up from 2.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Oct 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.6b (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 (1.5% net profit margin). Market cap is less than US$100m (₩134.6b market cap, or US$99.1m). New Risk • Sep 11
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: 1.5% Last year net profit margin: 4.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ₩13.00 (vs ₩60.00 in 1Q 2022) First quarter 2023 results: EPS: ₩13.00 (down from ₩60.00 in 1Q 2022). Revenue: ₩84.7b (down 11% from 1Q 2022). Net income: ₩956.4m (down 81% from 1Q 2022). Profit margin: 1.1% (down from 5.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩181 (vs ₩172 in FY 2021) Full year 2022 results: EPS: ₩181 (up from ₩172 in FY 2021). Revenue: ₩480.4b (up 34% from FY 2021). Net income: ₩13.9b (up 4.6% from FY 2021). Profit margin: 2.9% (down from 3.7% 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 74% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,330, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 14x in the Consumer Durables industry in South Korea. Total returns to shareholders of 9.9% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Auditor Hoonyoung Jung was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,805, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₩2,705, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Consumer Durables industry in South Korea. Total loss to shareholders of 11% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Auditor Hoonyoung Jung was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS ₩34.00 (vs ₩72.00 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₩90.6b (up 1.7% from 3Q 2020). Net income: ₩2.69b (down 49% from 3Q 2020). Profit margin: 3.0% (down from 5.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,940, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 16x in the Consumer Durables industry in South Korea. Total loss to shareholders of 22% over the past three years. Annonce • Feb 10
Anam Electronics Co.,Ltd., Annual General Meeting, Mar 26, 2021 Anam Electronics Co.,Ltd., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩3,400, the stock is trading at a trailing P/E ratio of 64.2x, up from the previous P/E ratio of 55.1x. This compares to an average P/E of 15x in the Consumer Durables industry in South Korea. Total return to shareholders over the past three years is a loss of 13%. Is New 90 Day High Low • Jan 27
New 90-day high: ₩3,425 The company is up 42% from its price of ₩2,410 on 29 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 53% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩3,145 The company is up 73% from its price of ₩1,820 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 36% share price gain to ₩3,145, the stock is trading at a trailing P/E ratio of 59.4x, up from the previous P/E ratio of 43.5x. This compares to an average P/E of 15x in the Consumer Durables industry in South Korea. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Nov 16
New 90-day high: ₩2,525 The company is up 69% from its price of ₩1,490 on 18 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: ₩2,475 The company is up 41% from its price of ₩1,750 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: ₩1,935 The company is up 13% from its price of ₩1,710 on 10 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 23% over the same period.