Annuncio • Mar 17
ONEJOON Co., Ltd., Annual General Meeting, Mar 31, 2026 ONEJOON Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 142-10, saneop-ro 156beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea New Risk • Mar 04
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 11% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩120.5b market cap, or US$82.4m). New Risk • Aug 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 202% Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 202% Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩136.7b market cap, or US$98.4m). New Risk • Aug 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.3b (US$99.6m) 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: Minor Risks Dividend is not well covered by earnings (143% payout ratio). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (₩139.3b market cap, or US$99.6m). New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.6b (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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (₩144.6b market cap, or US$98.5m). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩246 (vs ₩369 in FY 2023) Full year 2024 results: EPS: ₩246 (down from ₩369 in FY 2023). Revenue: ₩149.9b (up 9.2% from FY 2023). Net income: ₩3.74b (down 33% from FY 2023). Profit margin: 2.5% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 18
ONEJOON Co., Ltd., Annual General Meeting, Mar 31, 2025 ONEJOON Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 142-10, saneop-ro 156beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩11,300, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 72% over the past three years. New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.4b (US$93.8m) 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (₩134.4b market cap, or US$93.8m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩11,550, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 11x in the Machinery industry in South Korea. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩16,900, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 34% over the past three years. New Risk • Sep 23
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 9.9% 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 5.8% 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. Share price has been volatile over the past 3 months (9.9% average weekly change). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩12,720, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 28% over the past year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩391 (vs ₩598 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩391 (up from ₩598 loss in 2Q 2023). Revenue: ₩45.4b (up 21% from 2Q 2023). Net income: ₩5.94b (up ₩15.0b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.5b (US$97.9m) 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 Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (₩133.5b market cap, or US$97.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩8,790, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total loss to shareholders of 64% over the past year. New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings have declined by 20% 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 20% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩369 (vs ₩1,008 in FY 2022) Full year 2023 results: EPS: ₩369 (down from ₩1,008 in FY 2022). Revenue: ₩137.3b (down 4.2% from FY 2022). Net income: ₩5.59b (down 63% from FY 2022). Profit margin: 4.1% (down from 11% in FY 2022). The decrease in margin was primarily driven by lower revenue. Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.3%). Reported Earnings • Dec 02
Third quarter 2023 earnings released: ₩86.00 loss per share (vs ₩368 profit in 3Q 2022) Third quarter 2023 results: ₩86.00 loss per share (down from ₩368 profit in 3Q 2022). Revenue: ₩14.6b (down 66% from 3Q 2022). Net loss: ₩1.30b (down 124% from profit in 3Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in South Korea. Reported Earnings • Sep 01
Second quarter 2023 earnings released: ₩598 loss per share (vs ₩135 loss in 2Q 2022) Second quarter 2023 results: ₩598 loss per share (further deteriorated from ₩135 loss in 2Q 2022). Revenue: ₩37.4b (up ₩33.3b from 2Q 2022). Net loss: ₩9.06b (loss widened 346% from 2Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in South Korea. New Risk • Jun 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.8% net profit margin). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩25,600, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 12x in the Machinery industry in South Korea. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩26,950, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Machinery industry in South Korea. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩20,850, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Machinery industry in South Korea. Total loss to shareholders of 37% over the past year. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: ₩368 (vs ₩172 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩368 (up from ₩172 loss in 3Q 2021). Revenue: ₩42.7b (up ₩40.4b from 3Q 2021). Net income: ₩5.54b (up ₩7.61b from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩17,600, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Machinery industry in South Korea. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩25,200, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Machinery industry in South Korea. Reported Earnings • Sep 03
Second quarter 2022 earnings released: ₩405 loss per share (vs ₩26.06 profit in 2Q 2021) Second quarter 2022 results: ₩405 loss per share (down from ₩26.06 profit in 2Q 2021). Revenue: ₩4.13b (down 65% from 2Q 2021). Net loss: ₩2.03b (down ₩2.14b from profit in 2Q 2021). Over the next year, revenue is forecast to grow 89%, compared to a 25% growth forecast for the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 25% share price gain to ₩140,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Machinery industry in South Korea. Reported Earnings • Jun 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ₩1,325 (up from ₩26.00 in 1Q 2021). Revenue: ₩44.8b (up 279% from 1Q 2021). Net income: ₩6.65b (up ₩6.55b from 1Q 2021). Profit margin: 15% (up from 0.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 56%. Over the next year, revenue is forecast to grow 64%, compared to a 24% growth forecast for the industry in South Korea. Annuncio • Oct 09
ONEJOON Co., Ltd. has completed an IPO in the amount of KRW 65.312455 billion. ONEJOON Co., Ltd. has completed an IPO in the amount of KRW 65.312455 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,004,807
Price\Range: KRW 65000
Discount Per Security: KRW 2600
Transaction Features: ESOP Related Offering