New Risk • Apr 02
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: 5.8% Last year net profit margin: 15% 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 (5.8% net profit margin). Market cap is less than US$100m (₩33.1b market cap, or US$21.8m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,185, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 36% over the past three years. Annonce • Feb 24
Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 31, 2026 Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 3, iljik-ro 94beon-gil, manan-gu, gyeonggi-do, anyang South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 April 2026. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th April 2026 Dividend yield will be 1.5%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Nov 07
Shinhwa Contech Co., Ltd announces Annual dividend, payable on April 30, 2026 Shinhwa Contech Co., Ltd announced Annual dividend of KRW 50.0000 per share payable on April 30, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Annonce • Sep 16
Shinhwa Contech Co., Ltd announced that it has received KRW 3.35 billion in funding On September 15, 2025, Shinhwa Contech Co., Ltd closed the transaction. New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 (₩34.0b market cap, or US$24.5m). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,875, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 32% over the past three years. Annonce • Feb 26
Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 31, 2025 Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 3, iljik-ro 94beon-gil, manan-gu, gyeonggi-do, anyang South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,090, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,535, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 35% over the past three years. New Risk • May 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 Risk Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₩66.5b market cap, or US$48.3m). New Risk • Apr 10
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.1% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₩40.3b market cap, or US$29.9m). Buying Opportunity • Jul 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be ₩5,610, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩5,550, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improved over the past week After last week's 30% share price gain to ₩5,410, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 87% over the past three years. Buying Opportunity • Oct 11
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be ₩5,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,050, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 41% over the past three years. Buying Opportunity • Sep 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ₩7,132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Jun 23
Shinhwa Contech Co., Ltd announced that it has received KRW 6.649675302 billion in funding On June 22, 2022, Shinhwa Contech Co., Ltd closed the transaction. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩5,940, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 21% share price gain to ₩6,490, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 29% share price gain to ₩5,840, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,870, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₩6,470, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 20% share price gain to ₩5,280, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 20x in the Electronic industry in South Korea. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₩5,810, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 24x in the Electronic industry in South Korea. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 56% share price gain to ₩6,130, the stock trades at a trailing P/E ratio of 65.5x. Average trailing P/E is 24x in the Electronic industry in South Korea. Total returns to shareholders of 69% over the past three years. Annonce • Feb 10
Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 29, 2021 Shinhwa Contech Co., Ltd, Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 15
New 90-day high: ₩3,160 The company is up 18% from its price of ₩2,670 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 Electronic industry, which is up 46% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩3,095 The company is up 27% from its price of ₩2,440 on 29 September 2020. The South Korean market is up 20% 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. Is New 90 Day High Low • Dec 12
New 90-day high: ₩2,820 The company is up 14% from its price of ₩2,465 on 11 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 Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: ₩2,745 The company is up 4.0% from its price of ₩2,635 on 21 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 Electronic industry, which is up 6.0% over the same period.