Annonce • Apr 14
RFTech Co., Ltd. (KOSDAQ:A061040) agreed to acquire Eco Volt Co.,Ltd. (KOSDAQ:A097780) from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 51.7 billion. RFTech Co., Ltd. (KOSDAQ:A061040) agreed to acquire Eco Volt Co.,Ltd. (KOSDAQ:A097780) from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 51.7 billion on April 13, 2026. The consideration consists of common equity of RFTech Co., Ltd. at a ratio of 0.405349 per common equity of Eco Volt Co.,Ltd. Upon completion, Eco Volt Co.,Ltd. will dissolve and its shares will be delisted from the stock exchange.
The expected completion of the transaction is July 17, 2026. New Risk • Apr 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩114.7b market cap, or US$76.0m). Annonce • Mar 17
Osung Advanced Materials Co., Ltd., Annual General Meeting, Mar 30, 2026 Osung Advanced Materials Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 104, seogam-ro 17-gil, jeollabuk-do, iksan South Korea Annonce • Mar 06
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) acquired NSM Co., Ltd. (XKON:A238170) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and others. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) agreed to acquire NSM Co., Ltd. (XKON:A238170) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and others for KRW 22.5 billion on December 11, 2025. Osung Advanced Materials Co., Ltd. signed an agreement to acquire NSM Co., Ltd. from Eco Volt Co.,Ltd and others on December 12, 2025. The consideration consists of common equity of Osung Advanced Materials Co., Ltd. at a ratio of 0.444005 per common equity of NSM Co., Ltd.
The expected completion of the transaction is March 4, 2026.
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) completed the acquisition of NSM Co., Ltd. (XKON:A238170) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and others on March 4, 2026. Annonce • Mar 05
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) completed the acquisition of 15.33% stake in RFTech Co., Ltd. (KOSDAQ:A061040) from RF STANDARD Co., Ltd. and Lee Jin Hyeong. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into a stock purchase agreement to acquire 15.33% stake in RFTech Co., Ltd. (KOSDAQ:A061040) from RF STANDARD Co., Ltd. and Lee Jin Hyeong for KRW 32 billion on February 26, 2026. A cash consideration of KRW 32 billion valued at KRW 6503 per share will be paid by Osung Advanced Materials Co., Ltd. As part of consideration, KRW 32 billion is paid towards common equity of RFTech Co., Ltd. Osung Advanced Materials Co., Ltd. will pay a KRW 5 billion down payment into escrow on February 26, 2026, and the KRW 26.99 billion balance into escrow by one day before the annual shareholders' meeting, with final settlement, except for KRW 1.5 billion, upon completion of meeting resolutions and other specified matters. In a repated transaction, Osung Advanced Materials Co., Ltd. will acquire stake in RFTech Co., Ltd. through a capital increase. Upon completion of the transactions, Osung Advanced Materials Co., Ltd. will hold 33.65% stake in RFTech Co., Ltd.
The expected completion of the transaction is March 27, 2026.
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) completed the acquisition of 15.33% stake in RFTech Co., Ltd. (KOSDAQ:A061040) from RF STANDARD Co., Ltd. and Lee Jin Hyeong on March 4, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,270, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 21% over the past three years. Annonce • Feb 27
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into a stock purchase agreement to acquire 15.33% stake in RFTech Co., Ltd. (KOSDAQ:A061040) from RF STANDARD Co., Ltd. and Lee Jin Hyeong for KRW 32 billion. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into a stock purchase agreement to acquire 15.33% stake in RFTech Co., Ltd. (KOSDAQ:A061040) from RF STANDARD Co., Ltd. and Lee Jin Hyeong for KRW 32 billion on February 26, 2026. A cash consideration of KRW 32 billion valued at KRW 6503 per share will be paid by Osung Advanced Materials Co., Ltd. As part of consideration, KRW 32 billion is paid towards common equity of RFTech Co., Ltd. Osung Advanced Materials Co., Ltd. will pay a KRW 5 billion down payment into escrow on February 26, 2026, and the KRW 26.99 billion balance into escrow by one day before the annual shareholders' meeting, with final settlement, except for KRW 1.5 billion, upon completion of meeting resolutions and other specified matters. In a repated transaction, Osung Advanced Materials Co., Ltd. will acquire stake in RFTech Co., Ltd. through a capital increase. Upon completion of the transactions, Osung Advanced Materials Co., Ltd. will hold 33.65% stake in RFTech Co., Ltd.
The expected completion of the transaction is March 27, 2026. Annonce • Feb 05
Hangzhou Chengshi New Material Technology Co., Ltd. agreed to acquire 81.71% stake in Osung Hitec Co., Ltd. from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 198.46 billion. Hangzhou Chengshi New Material Technology Co., Ltd. agreed to acquire 81.71% stake in Osung Hitec Co., Ltd. from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 198.46 billion on January 30, 2026. A cash consideration of KRW 198.46 billion will be paid by Hangzhou Chengshi New Material Technology Co., Ltd. As part of consideration, (i) on May 10, 2026, will deposit 50%: KRW 475 million to be paid within 10 days after ODI approval, (ii) Interim payment (40%): on June 10, 2026 - KRW 375 million to be paid within 10 business days if the agreement is fulfilled, and (iii) Balance (10%): on May 10, 2029 - KRW 100 million to be paid before the later of 2 years after ODI approval or 10 days from the date of receipt of payment for the first mass-produced product or operation of production line 6.
As of December 31, 2025, Osung Hitec Co., Ltd. reported total assets of KRW 900 million.
The expected completion of the transaction is May 10, 2029. Annonce • Dec 12
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) agreed to acquire NSM Co., Ltd. (XKON:A238170) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and others for KRW 22.5 billion. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) agreed to acquire NSM Co., Ltd. (XKON:A238170) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and others for KRW 22.5 billion on December 11, 2025. The consideration consists of common equity of Osung Advanced Materials Co., Ltd. at a ratio of 0.444005 per common equity of NSM Co., Ltd.
The expected completion of the transaction is March 4, 2026. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩128 (vs ₩10.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩128 (up from ₩10.00 loss in 3Q 2024). Revenue: ₩41.9b (up 10.0% from 3Q 2024). Net income: ₩11.3b (up ₩12.0b from 3Q 2024). Profit margin: 27% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Oct 24
Osung Advanced Materials Co., Ltd. announced that it has received KRW 10 billion in funding On October 23, 2025, Osung Advanced Materials Co., Ltd. closed the transaction. Annonce • Oct 16
Osung Advanced Materials Co., Ltd. announced that it has received KRW 11.999999488 billion in funding from Maple Square Co., Ltd. and other investors On October 15, 2025, Osung Advanced Materials Co., Ltd. close the transaction. The company announced that it has closed the transaction of Series 25 bonds for gross proceeds of KRW 7,000,000,000 in first tranche.
On the same date, it has closed the transaction of common shares of common shares of gross proceeds of KRW 4,999.999488 million in second and final tranche. Annonce • Oct 01
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 10 billion in funding Osung Advanced Materials Co., Ltd. announced a private placement to issue 4% Series 26 Unregistered Unsecured Private Convertible Bonds due October 23, 2028 for gross proceeds of KRW 10,000,000,000 on September 30, 2025. The transaction will include participation from new investor Korea Fixed-Income Investment Management. The transaction has been approved by shareholders, expected to close on October 23, 2025, 100% convertible into 5,830,903 shares at a fixed conversion price of KRW 1,715 from October 23, 2026 to September 23, 2028, 4% coupon rate, 4% maturity rate and matures on October 23, 2028. Annonce • Sep 19
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 7 billion in funding Osung Advanced Materials Co., Ltd. announced a private placement to issue 4% Series 25 Bearer unsecured Private Convertible Bonds due October 15, 2028 for gross proceeds of KRW 7,000,000,000 on September 18, 2025. The transaction will include participation from new investor Evan New Technology Fund No. 64. The transaction has been approved by shareholders, expected to close on October 15, 2025, 100% convertible into 3,878,116 shares at a fixed conversion price of KRW 1,805 from October 15, 2026 to September 15, 2028, bears 4% coupon rate, 4% maturity rate and matures on October 15, 2028. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₩1,860, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total loss to shareholders of 8.6% over the past year. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩43.00 (vs ₩16.00 loss in 2Q 2024) Second quarter 2025 results: EPS: ₩43.00 (up from ₩16.00 loss in 2Q 2024). Revenue: ₩39.7b (up 11% from 2Q 2024). Net income: ₩3.77b (up ₩5.01b from 2Q 2024). Profit margin: 9.5% (up from net loss in 2Q 2024). Annonce • Jul 02
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) acquired an additional 17.75% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and Kumho HT, Inc. (KOSE:A214330). Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into agreement to acquire an additional 17.75% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and Kumho HT, Inc. (KOSE:A214330) for KRW 26.5 billion on June 11, 2025. A cash consideration of KRW 26.49 billion valued at KRW 1800 per share will be paid by Osung Advanced Materials Co., Ltd. As part of consideration, KRW 26.49 billion is paid towards common equity of Hwail Pharmaceutical Co.,Ltd. Upon completion, Osung Advanced Materials Co., Ltd. will own 23.63% stake in Hwail Pharmaceutical Co.,Ltd. whereas Kumho HT, Inc. will hold 11.10% and Eco Volt Co.,Ltd. will cease to be shareholder of Hwail Pharmaceutical Co.,Ltd. The expected completion of the transaction is July 1, 2025.
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) completed the acquisition of an additional 17.75% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and Kumho HT, Inc. (KOSE:A214330) on July 01, 2025. Annonce • Jun 12
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into agreement to acquire an additional 17.75% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and Kumho HT, Inc. (KOSE:A214330) for KRW 26.5 billion. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) entered into agreement to acquire an additional 17.75% stake in Hwail Pharmaceutical Co.,Ltd. (KOSDAQ:A061250) from Eco Volt Co.,Ltd. (KOSDAQ:A097780) and Kumho HT, Inc. (KOSE:A214330) for KRW 26.5 billion on June 11, 2025. A cash consideration of KRW 26.49 billion valued at KRW 1800 per share will be paid by Osung Advanced Materials Co., Ltd. As part of consideration, KRW 26.49 billion is paid towards common equity of Hwail Pharmaceutical Co.,Ltd. Upon completion, Osung Advanced Materials Co., Ltd. will own 23.63% stake in Hwail Pharmaceutical Co.,Ltd. whereas Kumho HT, Inc. will hold 11.10% and Eco Volt Co.,Ltd. will cease to be shareholder of Hwail Pharmaceutical Co.,Ltd. The expected completion of the transaction is July 1, 2025. New Risk • May 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: 8.9% Last year net profit margin: 14% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.9% net profit margin). Market cap is less than US$100m (₩120.6b market cap, or US$87.3m). Annonce • Apr 09
Osung Advanced Materials Co., Ltd. announced that it has received KRW 4.999998885 billion in funding On April 8, 2025. Osung Advanced Materials Co., Ltd.has closed the transaction. Annonce • Mar 14
Osung Advanced Materials Co., Ltd., Annual General Meeting, Mar 27, 2025 Osung Advanced Materials Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 104, seogam-ro 17-gil, jeollabuk-do, iksan South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩1,506, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 38% over the past three years. Annonce • Dec 11
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announces an Equity Buyback for KRW 5,000 million worth of its shares. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Hana Securities( Hana Financial Investment Co., Ltd.) The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 9, 2025. As of December 9, 2024, the company had 2,980,283 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Annonce • Nov 30
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 4.999998885 billion in funding Osung Advanced Materials Co., Ltd. announced a private placement of 3,861,003 common shares at a price of KRW 1,295 for gross proceeds of KRW 4,999,998,885 on November 28, 2024. The transaction includes participation from Daisy New Technology Fund No. 70. The transaction has been approved by the board of directors of the company. The payment date of the transaction is April 14, 2025. The issuance is subject to 1 year lockup of Korean depository depository. New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Market cap is less than US$100m (₩122.0b market cap, or US$87.4m). Buy Or Sell Opportunity • Nov 18
Now 21% overvalued Over the last 90 days, the stock has fallen 40% to ₩1,420. The fair value is estimated to be ₩1,170, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩1,471, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 49% over the past three years. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.5b (US$98.9m) 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 Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Market cap is less than US$100m (₩137.5b market cap, or US$98.9m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩2,600, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 15% over the past three years. Buy Or Sell Opportunity • Jul 31
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 73% to ₩2,450. The fair value is estimated to be ₩1,970, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 41%. New Risk • Jul 26
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 7.6% 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 (7.6% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩1,880, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 21x in the Semiconductor industry in South Korea. Total loss to shareholders of 45% over the past three years. Buy Or Sell Opportunity • Jul 01
Now 23% undervalued Over the last 90 days, the stock has risen 1.8% to ₩1,420. The fair value is estimated to be ₩1,847, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 41%. Buy Or Sell Opportunity • Jun 20
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to ₩1,470. The fair value is estimated to be ₩1,852, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩167 (vs ₩39.00 in FY 2022) Full year 2023 results: EPS: ₩167 (up from ₩39.00 in FY 2022). Revenue: ₩104.9b (down 10% from FY 2022). Net income: ₩12.3b (up 345% from FY 2022). Profit margin: 12% (up from 2.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 25
Now 20% undervalued Over the last 90 days, the stock has risen 6.6% to ₩1,487. The fair value is estimated to be ₩1,869, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Oct 12
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 9.0% 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 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (₩128.8b market cap, or US$96.5m). New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 35% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (₩115.2b market cap, or US$87.2m). Annonce • Aug 22
Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announces an Equity Buyback for KRW 5,000 million worth of its shares. Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Hana Financial Investment Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 20, 2024. As of August 20, 2023, the company had 0 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Jun 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (₩116.1b market cap, or US$90.9m). Annonce • May 11
Osung Advanced Materials Co., Ltd. announced that it has received KRW 4.999996804 billion in funding from East burgundy Co., Ltd., Polar Vertex Co., Ltd., The E&M Co., Ltd. On May 10, 2023, Osung Advanced Materials Co., Ltd. closed the transaction. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩39.00 (vs ₩164 loss in FY 2021) Full year 2022 results: EPS: ₩39.00 (up from ₩164 loss in FY 2021). Revenue: ₩117.1b (up 27% from FY 2021). Net income: ₩2.77b (up ₩14.0b from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annonce • Nov 15
Osung Advanced Materials Co., Ltd. announced that it has received KRW 2.8 billion in funding On November 15, 2022, Osung Advanced Materials Co., Ltd. closed the transaction. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,215, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,300, the stock trades at a trailing P/E ratio of 76.6x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 6.7% over the past three years. Annonce • Aug 21
Osung Advanced Materials Co., Ltd. announced that it has received KRW 13.50002415 billion in funding from The E&M Co., Ltd., East burgundy Co., Ltd., Polar Vertex Co., Ltd. On August 20, 2021, Osung Advanced Materials Co., Ltd. closed the transaction. Annonce • Jul 23
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 13.50002415 billion in funding from The E&M Co., Ltd., East burgundy Co., Ltd., Polar Vertex Co., Ltd. Osung Advanced Materials Co., Ltd. announced a private placement of 4,278,930 common shares at a price of KRW 3,155 per share for gross proceeds of KRW 13,500,024,150 on July 22, 2021. The transaction will include participation from new investor The E&M Co., Ltd. for 1,553,090 shares, returning investors East burgundy Co., Ltd. for 1,362,920 shares and Polar Vertex Co., Ltd. for 1,362,920 shares through third-party allocation. The transaction has been approved by the board of directors of the company. The shares to be issued are subject to a hold period of one year. The payment date is on August 20, 2021. Annonce • May 08
Osung Advanced Materials Co., Ltd. announced that it has received KRW 10 billion in funding from Korea Fixed-Income Investment Advisory On May 7, 2021, Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) closed the transaction. Annonce • Apr 18
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Korea Fixed-Income Investment Advisory Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announced a private placement of series 23rd unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 16, 2021. The transaction will involve participation from returning investor, Korea Fixed-Income Investment Advisory. The bonds will carry a fixed coupon rate of 2%, yield to maturity of 2%, and will mature on May 07, 2024. The bonds will be 100% convertible into 2,399,232 common shares representing 3.54% stake of the company at a fixed conversion price of KRW 4,168 per share. The conversion period is from May 07, 2022 to April 07, 2024. The transaction is expected to close on May 07, 2021. The transaction has been approved by board of directors of the company. Is New 90 Day High Low • Feb 24
New 90-day low: ₩4,065 The company is down 8.0% from its price of ₩4,435 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period. Annonce • Feb 05
Osung Advanced Materials Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Korea Fixed-Income Investment Advisory Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) announced a private placement of series 22 non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on February 4, 2021. The transaction will involve participation from returning investor Korea Fixed-Income Investment Advisory. The bonds will carry a fixed coupon rate of 2%, yield to maturity of 2%, and will mature on March 19, 2024. The bonds can be 100% converted into 2,152,852 common shares for 3.17 % stake of the company at a fixed conversion price of KRW 4,546 per share. The conversion period is from March 19, 2022 and February 19, 2024. The transaction is expected to close on March 19, 2021. The transaction has been approved by board of directors of the company. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₩5,550, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Jan 15
New 90-day high: ₩5,220 The company is up 23% from its price of ₩4,235 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 41% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 16% share price gain to ₩5,150, the stock is trading at a trailing P/E ratio of 15.2x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 90%. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ₩21.00 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩21.6b (up 22% from 3Q 2019). Net income: ₩1.06b (up 51% from 3Q 2019). Profit margin: 4.9% (up from 4.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 42% share price gain to ₩4,705, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 32%. Is New 90 Day High Low • Nov 06
New 90-day high: ₩4,545 The company is up 100% from its price of ₩2,270 on 07 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 18% share price gain to ₩4,055, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 6.2%. Valuation Update With 7 Day Price Move • Nov 02
Market bids up stock over the past week After last week's 19% share price gain to ₩3,990, the stock is trading at a trailing P/E ratio of 12.4x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 5.6%. Valuation Update With 7 Day Price Move • Oct 22
Market pulls back on stock over the past week After last week's 16% share price decline to ₩3,710, the stock is trading at a trailing P/E ratio of 11.6x, down from the previous P/E ratio of 13.8x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total return to shareholders over the past three years is a loss of 3.3%. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 48% share price gain to ₩3,630, the stock is trading at a trailing P/E ratio of 11.3x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 5.0%. Is New 90 Day High Low • Oct 08
New 90-day high: ₩2,795 The company is up 24% from its price of ₩2,250 on 10 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 4.0% over the same period.