New Risk • 3h
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 Less than 1 year of cash runway based on free cash flow trend (-₩13b free cash flow). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩62.8b market cap, or US$41.4m). Annonce • Mar 13
WINPAC Inc., Annual General Meeting, Mar 27, 2026 WINPAC Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 50, cheongganggachang-ro, baegam-myeon, cheoin-gu, gyeonggi-do, yongin 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: -₩26b 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 (-₩26b free cash flow). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩71.5b market cap, or US$48.7m). New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩92.2b market cap, or US$64.8m). Annonce • Sep 19
WINPAC Inc. announced that it has received KRW 10 billion in funding On September 18, 2025, WINPAC Inc. closed the transaction. New Risk • Sep 14
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩14b free cash flow). Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₩64.6b market cap, or US$46.5m). Annonce • Feb 26
WINPAC Inc., Annual General Meeting, Mar 27, 2025 WINPAC Inc., Annual General Meeting, Mar 27, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 50, cheongganggachang-ro, baegam-myeon, cheoin-gu, gyeonggi-do, yongin South Korea New Risk • Nov 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.1b (US$98.5m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩18b free cash flow). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩135.1b market cap, or US$98.5m). New Risk • Aug 23
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: -₩18b 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 (-₩18b free cash flow). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jun 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩115.9b market cap, or US$83.9m). Annonce • May 11
WINPAC Inc. has completed a Follow-on Equity Offering in the amount of KRW 47.633526 billion. WINPAC Inc. has completed a Follow-on Equity Offering in the amount of KRW 47.633526 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 54,877,334
Price\Range: KRW 868
Discount Per Security: KRW 8.68
Transaction Features: Rights Offering Annonce • Mar 01
WINPAC Inc. has filed a Follow-on Equity Offering in the amount of KRW 55.041966 billion. WINPAC Inc. has filed a Follow-on Equity Offering in the amount of KRW 55.041966 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 54,877,334
Price\Range: KRW 1003
Discount Per Security: KRW 10.03
Transaction Features: Rights Offering New Risk • Nov 30
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: -₩31b 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 (-₩31b free cash flow). Earnings have declined by 55% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩88.1b market cap, or US$67.8m). New Risk • Jul 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 Less than 1 year of cash runway based on free cash flow trend (-₩27b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩114.2b market cap, or US$90.4m). Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ₩40.5b (up 76% from 3Q 2021). Net income: ₩298.1m (up ₩3.97b from 3Q 2021). Profit margin: 0.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annonce • Oct 19
WINPAC Inc. announced that it has received KRW 11.99999955 billion in funding On October 17, 2022, WINPAC Inc. closed the transaction. Annonce • Jun 12
WINPAC Inc. announced that it has received KRW 5 billion in funding On June 11, 2021, WINPAC Inc. (KOSDAQ:A097800) closed the transaction. Annonce • Jun 10
WINPAC Inc. announced that it expects to receive KRW 5 billion in funding WINPAC Inc. (KOSDAQ:A097800) announced a private placement of round 7 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on June 09, 2021. The transaction will include participation from KB-Brain KOSDAQ Scale-up New Technology Business Fund. The bonds will be issued at par and will carry a coupon of 0%. The bonds have a yield to maturity of 0% and would mature on June 11, 2024. The bonds are fully convertible into 2,149,613 shares of the company at a fixed conversion price of KRW 2,326 per share between the period of June 11, 2022 to May 11, 2024. The subscription and the payment date is June 11, 2021. The transaction has been approved by the board of directors of the company. The bonds carry a hold period of one year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₩2,945, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.6x. 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 162%. Is New 90 Day High Low • Mar 08
New 90-day high: ₩2,945 The company is up 60% from its price of ₩1,845 on 08 December 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 17% over the same period. Annonce • Feb 20
WINPAC Inc., Annual General Meeting, Mar 23, 2021 WINPAC Inc., Annual General Meeting, Mar 23, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 02
New 90-day high: ₩2,595 The company is up 45% from its price of ₩1,795 on 04 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 43% over the same period. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₩2,175, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.3x. 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 108%. Is New 90 Day High Low • Jan 11
New 90-day high: ₩2,050 The company is up 15% from its price of ₩1,775 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 43% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: ₩1,960 The company is up 17% from its price of ₩1,670 on 03 September 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 21% over the same period.