Buy Or Sell Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₩8,110. The fair value is estimated to be ₩10,154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 36%. Annonce • Mar 17
ENVIONEER Co., Ltd., Annual General Meeting, Mar 27, 2026 ENVIONEER Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 85, hanbang expo-ro, chungcheongbuk-do, jecheon South Korea New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩21b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-₩21b free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩119.7b market cap, or US$81.5m). New Risk • Oct 28
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 10% 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 3.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.8b (US$99.2m) 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 4.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩135.8b market cap, or US$99.2m). New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 4.7% 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. This is currently the only risk that has been identified for the company. Annonce • Apr 29
ENVIONEER Co.,Ltd. announced that it expects to receive KRW 20 billion in funding ENVIONEER Co.,Ltd. announced a private placement of series 9 unregistered unsecured convertible bonds for the gross proceeds of KRW 20,000,000,000 on April 29, 2025. The bonds will have a zero coupon rate of interest and a maturity rate of 2%. The bonds will be convertible into 1,057,082 shares at a price of KRW 18,920 per share and will be matured on May 2, 2030. The transaction has been approved by the shareholders of the company and is expected to close on May 2, 2025. The transaction will include participation from JB Woori-Petrico New Materials New Technology Business Investment Fund. Annonce • Mar 15
ENVIONEER Co.,Ltd., Annual General Meeting, Mar 28, 2025 ENVIONEER Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 19, hanbang expo-ro, chungcheongbuk-do, jecheon South Korea New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.3b (US$95.5m) 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 Less than 1 year of cash runway based on free cash flow trend (-₩22b free cash flow). Minor Risk Market cap is less than US$100m (₩134.3b market cap, or US$95.5m). New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩22b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩22b free cash flow). Earnings have declined by 12% per year over the past 5 years. New Risk • Jul 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.7b (US$100.0m) 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 Less than 1 year of cash runway based on current free cash flow (-₩17b). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (₩138.7b market cap, or US$100.0m). New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.0b (US$99.2m) 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 Less than 1 year of cash runway based on current free cash flow (-₩17b). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (₩137.0b market cap, or US$99.2m). New Risk • Mar 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩17b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩17b). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). New Risk • Oct 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩132.3b (US$97.9m) 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 Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (₩132.3b market cap, or US$97.9m). Annonce • Sep 09
ENVIONEER Co.,Ltd. announced that it has received KRW 12 billion in funding On Septemeber 7, 2023, ENVIONEER Co.,Ltd. closed the transaction. Reported Earnings • Dec 01
Third quarter 2022 earnings released: ₩78.00 loss per share (vs ₩35.00 loss in 3Q 2021) Third quarter 2022 results: ₩78.00 loss per share (further deteriorated from ₩35.00 loss in 3Q 2021). Revenue: ₩2.62b (up 15% from 3Q 2021). Net loss: ₩620.3m (loss widened 27% from 3Q 2021). Reported Earnings • Sep 01
Second quarter 2022 earnings released: ₩18.00 loss per share (vs ₩23.00 loss in 2Q 2021) Second quarter 2022 results: ₩18.00 loss per share. Revenue: ₩2.62b (up 19% from 2Q 2021). Net loss: ₩171.5m (loss widened 41% from 2Q 2021). Reported Earnings • Jun 02
First quarter 2022 earnings released: ₩46.00 loss per share (vs ₩28.00 loss in 1Q 2021) First quarter 2022 results: ₩46.00 loss per share (down from ₩28.00 loss in 1Q 2021). Revenue: ₩2.34b (up 3.5% from 1Q 2021). Net loss: ₩291.8m (loss widened 94% from 1Q 2021). Annonce • Apr 09
ENVIONEER Co.,Ltd. announced that it has received KRW 10 billion in funding from SK Securities Co., Ltd., NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Investment Arm On April 7, 2021, ENVIONEER Co.,Ltd. (KOSDAQ:A317870) closed the transaction. Annonce • Mar 12
ENVIONEER Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from Fine Value Asset Management Co., Ltd., SK Securities Co., Ltd. ENVIONEER Co.,Ltd. (KOSDAQ:A317870) announced a private placement of series 3 non separable type without warranty privately held bonds for gross proceeds of KRW 5,000,000,000 and series 7 non guaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 for aggregate gross proceeds of KRW 10,000,000,000 on March 10, 2021. The transaction will include participation from SK Securities Co., Ltd. (KOSE:A001510) for series 3 bonds for KRW 5,000,000,000 and Fine Value Asset Management Co., Ltd for series 7 bonds for KRW 5,000,000,000. The series 3 and series 7bonds do not bear an interest rate and will mature on April 7, 2026. Both the bonds are 100% convertible into 512,767 common shares at a conversion price of KRW 9,751 respectively. The conversion period for both bonds is from April 7, 2022 to March 7, 2026. The transaction has been approved by board of directors of the company and is expected to close on April 7, 2021. The securities issued will be subject to restriction period of one year from the date of issuance. Is New 90 Day High Low • Feb 04
New 90-day high: ₩11,250 The company is up 48% from its price of ₩7,590 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₩8,980 The company is up 12% from its price of ₩8,000 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₩8,460 The company is up 29% from its price of ₩6,570 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 Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: ₩7,960 The company is up 21% from its price of ₩6,590 on 15 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 Chemicals industry, which is up 30% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩6,170 The company is down 5.0% from its price of ₩6,470 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 29% over the same period.