New Risk • Mar 11
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 14% 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 44% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Annonce • Mar 07
Kmw Inc., Annual General Meeting, Mar 27, 2026 Kmw Inc., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 21, dongtan-daero 25-gil, gyeonggi-do, hwaseong South Korea 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 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 Risk Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. This is currently the only risk that has been identified for the company. New Risk • Aug 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 11% 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 (11% average weekly change). Earnings have declined by 65% per year over the past 5 years. New Risk • May 30
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 65% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Annonce • Mar 08
Kmw Inc., Annual General Meeting, Mar 28, 2025 Kmw Inc., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 21, dongtan-daero 25-gil, gyeonggi-do, hwaseong South Korea New Risk • Dec 09
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. New Risk • Nov 22
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: -₩73b 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: Major Risk Earnings have declined by 76% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩73b). Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 75% 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. New Risk • Nov 09
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 8.0% 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: Minor Risks Currently unprofitable and not forecast to become profitable next year (₩24b net loss next year). Share price has been volatile over the past 3 months (8.0% average weekly change). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. New Risk • May 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: -₩59b 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 (-₩59b free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (₩33b net loss next year). Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Mar 21
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 13% 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 (13% average weekly change). Earnings have declined by 45% per year over the past 5 years. New Risk • Nov 23
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 33% per year over the past 5 years. Major Estimate Revision • Aug 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩219.5m to ₩204.7m. 2022 losses expected to reduce from -₩269 to -₩206 per share. Communications industry in South Korea expected to see average net income growth of 44% next year. Consensus price target down from ₩35,000 to ₩25,000. Share price fell 6.1% to ₩29,450 over the past week. Buying Opportunity • Jul 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be ₩32,071, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 40% in a year. Earnings is forecast to grow by 70% in the next year. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ₩245 loss per share (down from ₩192 profit in 1Q 2021). Revenue: ₩40.7b (down 48% from 1Q 2021). Net loss: ₩9.77b (down 228% from profit in 1Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 266%. Over the next year, revenue is forecast to grow 41%, compared to a 31% growth forecast for the industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩281.8m to ₩204.0m. EPS estimate reaffirmed at -₩150 per share. Communications industry in South Korea expected to see average net income growth of 50% next year. Consensus price target of ₩35,000 unchanged from last update. Share price rose 2.7% to ₩32,800 over the past week. Price Target Changed • Apr 27
Price target decreased to ₩35,000 Down from ₩61,667, the current price target is an average from 3 analysts. New target price is 9.5% above last closing price of ₩31,950. Stock is down 44% over the past year. The company is forecast to post a net loss per share of ₩150 next year compared to a net loss per share of ₩93.65 last year. Major Estimate Revision • Jan 12
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩233.9m to ₩219.3m. EPS estimate also fell from ₩105 per share to ₩71.80 per share. Net income forecast to grow 225% next year vs 150% growth forecast for Communications industry in South Korea. Consensus price target of ₩35,000 unchanged from last update. Share price fell 3.8% to ₩38,500 over the past week. Price Target Changed • Sep 22
Price target decreased to ₩47,000 Down from ₩61,667, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ₩40,750. Stock is down 47% over the past year. Price Target Changed • Aug 18
Price target decreased to ₩61,667 Down from ₩73,750, the current price target is an average from 2 analysts. New target price is 23% above last closing price of ₩50,300. Stock is down 25% over the past year. Major Estimate Revision • Aug 18
Consensus revenue estimates increase to ₩558.0m The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from ₩502.1m to ₩558.0m. EPS estimate increased from ₩1,701 to ₩1,998 per share. Net income forecast to grow 343% next year vs 105% growth forecast for Communications industry in South Korea. Consensus price target down from ₩73,750 to ₩71,250. Share price fell 2.3% to ₩50,300 over the past week. Major Estimate Revision • May 16
Consensus revenue estimates fall to ₩446.0m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ₩726.7m to ₩446.0m. EPS estimate fell from ₩2,890 to ₩1,405 per share. Net income forecast to grow 110% next year vs 37% growth forecast for Communications industry in South Korea. Consensus price target down from ₩87,600 to ₩80,600. Share price was steady at ₩51,800 over the past week. Price Target Changed • May 15
Price target decreased to ₩80,600 Down from ₩87,600, the current price target is an average from 4 analysts. New target price is 56% above last closing price of ₩51,800. Stock is down 10% over the past year. Is New 90 Day High Low • Feb 23
New 90-day low: ₩69,300 The company is down 2.0% from its price of ₩70,600 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩47,500 per share. Is New 90 Day High Low • Dec 29
New 90-day high: ₩80,600 The company is up 3.0% from its price of ₩78,600 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩85,562 per share. Major Estimate Revision • Dec 15
Analysts update estimates The 2020 consensus revenue estimate increased from ₩370.5m to ₩528.2m. Earning per share (EPS) estimate was unchanged from the last update at ₩927. The Communications industry in South Korea is expected to see an average net income growth of 45% next year. The consensus price target of ₩89,714 was unchanged from the last update. Share price is up 1.8% to ₩77,600 over the past week. Major Estimate Revision • Nov 15
Analysts lower revenue estimates to ₩374.6m The 2020 consensus revenue estimate decreased from ₩667.2m. Earning per share (EPS) estimate was also lowered from ₩2,376 to ₩2,166 for the same period. Net income is expected to grow by 58% next year compared to 49% growth forecast for the Communications industry in South Korea. The consensus price target of ₩91,333 was unchanged from the last update. Share price is down by 2.3% to ₩66,700 over the past week. Is New 90 Day High Low • Oct 22
New 90-day low: ₩67,000 The company is down 7.0% from its price of ₩71,900 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩104,742 per share.