Upcoming Dividend • Mar 23
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 06 July 2026. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (3.9%). New Risk • Mar 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩24.2b market cap, or US$16.3m). Declared Dividend • Feb 25
Dividend of ₩50.00 announced Shareholders will receive a dividend of ₩50.00. Ex-date: 30th March 2026 Payment date: 6th July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.7%. Sustainability & Growth The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. Annonce • Feb 24
ECSTELECOM Co., Ltd. announces Annual dividend, payable on July 06, 2026 ECSTELECOM Co., Ltd. announced Annual dividend of KRW 50.0000 per share payable on July 06, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Annonce • May 22
ECSTELECOM Co., Ltd., Annual General Meeting, Jun 20, 2025 ECSTELECOM Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 8, banpo-daero 28-gil, seocho-gu, seoul South Korea Upcoming Dividend • Mar 21
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 07 July 2025. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.1%). Reported Earnings • Feb 20
Third quarter 2025 earnings released: EPS: ₩35.00 (vs ₩93.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩35.00 (down from ₩93.00 in 3Q 2024). Revenue: ₩21.6b (down 15% from 3Q 2024). Net income: ₩388.8m (down 64% from 3Q 2024). Profit margin: 1.8% (down from 4.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 19
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 7th July 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.7%. Sustainability & Growth The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Annonce • Feb 18
ECSTELECOM Co., Ltd. announces Annual dividend, payable on July 07, 2025 ECSTELECOM Co., Ltd. announced Annual dividend of KRW 100.0000 per share payable on July 07, 2025, ex-date on March 28, 2025 and record date on March 31, 2025. New Risk • Dec 14
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: 0.7% Last year net profit margin: 4.4% 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: Major Risk Earnings have declined by 8.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₩34.6b market cap, or US$24.1m). Annonce • Oct 25
ECSTELECOM Co., Ltd. (KOSDAQ:A067010) announces an Equity Buyback for $1,500 million worth of its shares. ECSTELECOM Co., Ltd. (KOSDAQ:A067010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its own shares pursuant to a contract with Shinhan Investment & Securities. The purpose of the buyback is to improve shareholder value and to stabilize stock price. The plan will be valid up to October 27, 2025. As on October 24, 2024, the company had 0 shares in treasury under dividend capacity and 904,950 shares under any other capacities. New Risk • Aug 23
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 1.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩36.3b market cap, or US$27.1m). Buy Or Sell Opportunity • Aug 16
Now 23% overvalued Over the last 90 days, the stock has fallen 3.6% to ₩3,250. The fair value is estimated to be ₩2,648, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 14%. New Risk • Jun 16
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: 2.9% Last year net profit margin: 4.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (₩39.0b market cap, or US$28.2m). Annonce • May 25
ECSTELECOM Co., Ltd., Annual General Meeting, Jun 21, 2024 ECSTELECOM Co., Ltd., Annual General Meeting, Jun 21, 2024, at 09:00 Tokyo Standard Time. Location: conference room, 8, banpo-daero 28-gil, seocho-gu, seoul South Korea Buy Or Sell Opportunity • May 07
Now 21% overvalued Over the last 90 days, the stock has fallen 8.1% to ₩3,415. The fair value is estimated to be ₩2,820, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.7%. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued Over the last 90 days, the stock has fallen 6.6% to ₩3,400. The fair value is estimated to be ₩2,820, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.7%. Upcoming Dividend • Mar 21
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,635, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Telecom industry in South Korea. Total loss to shareholders of 28% over the past three years. Annonce • Aug 25
ECSTELECOM Co., Ltd. (KOSDAQ:A067010) announces an Equity Buyback for KRW 3,000 million worth of its shares. ECSTELECOM Co., Ltd. (KOSDAQ:A067010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares. The purpose of the buyback is to improve shareholder value and to stabilize stock price. The plan will be valid up to August 23, 2024. As on August 24, 2023, the company had no shares in treasury under dividend capacity and no shares under any other capacities. New Risk • Jun 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩45.1b market cap, or US$35.4m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,870, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 6.4% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of ₩150 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,520, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 80% over the past three years. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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 • Jul 11
Investor sentiment improved over the past week After last week's 20% share price gain to ₩4,120, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Telecom industry in South Korea. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,770, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Telecom industry in South Korea. Total returns to shareholders of 85% over the past three years. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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. Upcoming Dividend • Mar 23
Upcoming dividend of ₩130 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (2.6%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩4,795, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Telecom industry in South Korea. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improved over the past week After last week's 15% share price gain to ₩5,970, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 14x in the Telecom industry in South Korea. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩6,080, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 15x in the Telecom industry in South Korea. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₩6,200, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 16x in the Telecom industry in South Korea. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,550, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 14x in the Telecom industry in South Korea. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩6,640, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 17x in the Telecom industry in South Korea. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₩7,060, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 19x in the Telecom industry in South Korea. Total returns to shareholders of 233% over the past three years. Upcoming Dividend • Mar 23
Inaugural dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. The company last paid an ordinary dividend in June 2010. The average dividend yield among industry peers is 3.8%. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 25% share price gain to ₩6,570, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 13x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 194%. Is New 90 Day High Low • Feb 24
New 90-day low: ₩5,180 The company is down 14% from its price of ₩5,990 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 Telecom industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩5,180, the stock is trading at a trailing P/E ratio of 13.5x, down from the previous P/E ratio of 16.2x. This compares to an average P/E of 14x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 132%. Reported Earnings • Feb 20
Third quarter 2021 earnings released: EPS ₩116 (vs ₩127 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ₩20.2b (down 23% from 3Q 2020). Net income: ₩1.43b (down 8.0% from 3Q 2020). Profit margin: 7.1% (up from 5.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,100, the stock is trading at a trailing P/E ratio of 15.4x, down from the previous P/E ratio of 18.4x. This compares to an average P/E of 16x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 196%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩8,290, the stock is trading at a trailing P/E ratio of 21x, down from the previous P/E ratio of 26.6x. This compares to an average P/E of 19x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 295%. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 46% share price gain to ₩9,080, the stock is trading at a trailing P/E ratio of 23x, up from the previous P/E ratio of 15.8x. This compares to an average P/E of 18x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 325%. Is New 90 Day High Low • Nov 30
New 90-day high: ₩6,210 The company is up 5.0% from its price of ₩5,910 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 17% share price gain to ₩6,210, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.5x. This compares to an average P/E of 9x in the Telecom industry in South Korea. Total returns to shareholders over the past three years are 194%. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 25% share price gain to ₩5,220, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 19x in the Telecom industry in Asia. Total returns to shareholders over the past three years are 150%.