Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,320, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 15x in the Chemicals industry in South Korea. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩2,490, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 16x in the Chemicals industry in South Korea. Total loss to shareholders of 7.2% over the past three years. New Risk • Apr 04
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. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% 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 Risk 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. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩30.7b market cap, or US$20.3m). Annuncio • Mar 17
Wiscom Co.,Ltd., Annual General Meeting, Mar 27, 2026 Wiscom Co.,Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 237, gangchon-ro, danwon-gu, gyeonggi-do, ansan 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: 20 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.3%). 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: 20th April 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 6 years but payments have been stable during that time. Annuncio • Nov 07
Wiscom Co.,Ltd. announces Annual dividend, payable on April 20, 2026 Wiscom Co.,Ltd. announced Annual dividend of KRW 50.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • May 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. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% 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. Paying a dividend despite having no free cash flows. Earnings have declined by 66% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩30.1b market cap, or US$21.8m). Annuncio • Mar 15
Wiscom Co.,Ltd., Annual General Meeting, Mar 28, 2025 Wiscom Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 237, gangchon-ro, danwon-gu, gyeonggi-do, ansan 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: 21 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (2.2%). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩31.00 loss per share (vs ₩484 loss in FY 2022) Full year 2023 results: ₩31.00 loss per share (improved from ₩484 loss in FY 2022). Revenue: ₩112.3b (down 11% from FY 2022). Net loss: ₩475.6m (loss narrowed 94% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (1.8%). Reported Earnings • May 20
First quarter 2023 earnings released: ₩39.00 loss per share (vs ₩15.00 profit in 1Q 2022) First quarter 2023 results: ₩39.00 loss per share (down from ₩15.00 profit in 1Q 2022). Revenue: ₩29.2b (down 16% from 1Q 2022). Net loss: ₩603.6m (down 359% from profit in 1Q 2022). 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. Reported Earnings • Mar 18
Full year 2022 earnings released: ₩484 loss per share (vs ₩79.00 profit in FY 2021) Full year 2022 results: ₩484 loss per share (down from ₩79.00 profit in FY 2021). Revenue: ₩125.7b (up 6.9% from FY 2021). Net loss: ₩7.43b (down ₩8.64b from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.4%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩3,600, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 19x in the Chemicals industry in South Korea. Total returns to shareholders of 28% over the past three years. Reported Earnings • Mar 13
Full year 2020 earnings released: ₩65.00 loss per share (vs ₩68.00 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩102.5b (down 11% from FY 2019). Net loss: ₩1.00b (down 196% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Mar 12
Wiscom Co.,Ltd., Annual General Meeting, Mar 26, 2021 Wiscom Co.,Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 20
New 90-day high: ₩3,195 The company is up 38% from its price of ₩2,320 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 38% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₩2,630 The company is up 18% from its price of ₩2,230 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: ₩2,470 The company is up 12% from its price of ₩2,200 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 21
New 90-day high: ₩2,465 The company is up 8.0% from its price of ₩2,290 on 23 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 19% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩2,120 The company is down 4.0% from its price of ₩2,205 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 29% over the same period.