Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩9,620, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩9,150, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total loss to shareholders of 17% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩716 (vs ₩438 loss in FY 2024) Full year 2025 results: EPS: ₩716 (up from ₩438 loss in FY 2024). Revenue: ₩133.9b (up 11% from FY 2024). Net income: ₩9.52b (up ₩15.3b from FY 2024). Profit margin: 7.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩6,920, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past three years. Annonce • Feb 20
ABCO Electronics Co., Ltd., Annual General Meeting, Mar 24, 2026 ABCO Electronics Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 31, dunchon-daero 388beon-gil, jungwon-gu, gyeonggi-do, seongnam South Korea Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩212 (vs ₩36.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩212 (up from ₩36.00 loss in 3Q 2024). Revenue: ₩34.7b (up 16% from 3Q 2024). Net income: ₩2.81b (up ₩3.29b from 3Q 2024). Profit margin: 8.1% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to ₩8,240. The fair value is estimated to be ₩6,590, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 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 7.8% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₩112.9b market cap, or US$78.7m). Buy Or Sell Opportunity • Sep 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to ₩8,350. The fair value is estimated to be ₩6,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 2.8% 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 2.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩64.5b market cap, or US$47.0m). Reported Earnings • Mar 22
Full year 2024 earnings released: ₩438 loss per share (vs ₩179 loss in FY 2023) Full year 2024 results: ₩438 loss per share (further deteriorated from ₩179 loss in FY 2023). Revenue: ₩120.9b (down 3.3% from FY 2023). Net loss: ₩5.82b (loss widened 145% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Annonce • Feb 26
ABCO Electronics Co., Ltd., Annual General Meeting, Mar 26, 2025 ABCO Electronics Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 31, dunchon-daero 388beon-gil, jungwon-gu, gyeonggi-do, seongnam South Korea New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩55.6b market cap, or US$39.1m). New Risk • Sep 19
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 9.2% 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 (9.2% average weekly change). Market cap is less than US$100m (₩77.6b market cap, or US$58.5m). 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩73.6b market cap, or US$56.0m). New Risk • Aug 05
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 7.8% 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 (7.8% average weekly change). Market cap is less than US$100m (₩75.8b market cap, or US$55.5m). Buy Or Sell Opportunity • Jul 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to ₩8,130. The fair value is estimated to be ₩10,362, 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. Meanwhile, the company became loss making. New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.1b (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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 14
Now 22% overvalued Over the last 90 days, the stock has fallen 4.4% to ₩11,900. The fair value is estimated to be ₩9,739, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: ₩179 loss per share (down from ₩704 profit in FY 2022). Revenue: ₩125.0b (down 24% from FY 2022). Net loss: ₩2.37b (down 125% from profit in FY 2022). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 12 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,060, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 230% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩14,730, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩12,540, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 201% over the past three years. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: ₩704 (vs ₩279 in FY 2021) Full year 2022 results: EPS: ₩704 (up from ₩279 in FY 2021). Revenue: ₩164.7b (up 12% from FY 2021). Net income: ₩9.36b (up 153% from FY 2021). Profit margin: 5.7% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.0%). Price Target Changed • Nov 16
Price target increased to ₩17,000 Up from ₩12,500, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ₩11,950. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of ₩885 for next year compared to ₩279 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩10,400, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩9,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,450, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 171% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩14,500 Up from ₩12,500, the current price target is an average from 2 analysts. New target price is 16% above last closing price of ₩12,500. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₩865 for next year compared to ₩279 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₩279 (up from ₩226 loss in FY 2020). Revenue: ₩147.7b (up 19% from FY 2020). Net income: ₩3.71b (up ₩6.71b from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 19%, compared to a 30% 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 104 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 22
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Price Target Changed • Jun 20
Price target increased to ₩11,000 Up from ₩10,000, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₩8,260. Stock is up 105% over the past year. Is New 90 Day High Low • Feb 26
New 90-day low: ₩6,980 The company is down 6.0% from its price of ₩7,450 on 27 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 Electronic industry, which is up 23% over the same period. Annonce • Feb 25
ABCO Electronics Co., Ltd., Annual General Meeting, Mar 25, 2021 ABCO Electronics Co., Ltd., Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 25
New 90-day high: ₩8,910 The company is up 41% from its price of ₩6,330 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 58% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: ₩7,990 The company is up 47% from its price of ₩5,450 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 23% over the same period. Price Target Changed • Dec 09
Price target raised to ₩9,500 Up from ₩8,500, the current price target is provided by 1 analyst. The new target price is 27% above the current share price of ₩7,480. As of last close, the stock is up 40% over the past year. Is New 90 Day High Low • Oct 07
New 90-day high: ₩6,810 The company is up 72% from its price of ₩3,960 on 09 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period.