Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₩7,440, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩9,600, the stock trades at a trailing P/E ratio of 80x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 227% over the past three years. New Risk • Mar 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩131.7b market cap, or US$87.8m). Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: ₩85.00 (vs ₩209 in FY 2024) Full year 2025 results: EPS: ₩85.00 (down from ₩209 in FY 2024). Revenue: ₩132.7b (up 1.9% from FY 2024). Net income: ₩4.26b (down 60% from FY 2024). Profit margin: 3.2% (down from 8.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩2,615, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 33% over the past three years. お知らせ • Mar 17
AUK Corp., Annual General Meeting, Mar 27, 2026 AUK Corp., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 62-8, yakchon-ro 8-gil, jeonbuk-do, iksan South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,763, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 08 April 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). 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: 8th April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has remained flat since 6 years ago. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • Nov 07
AUK Corp. announces Annual dividend, payable on April 08, 2026 AUK Corp. announced Annual dividend of KRW 50.0000 per share payable on April 08, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 24
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: 4.2% 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 (₩95.1b market cap, or US$68.7m). Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: ₩209 (vs ₩19.00 loss in FY 2023) Full year 2024 results: EPS: ₩209 (up from ₩19.00 loss in FY 2023). Revenue: ₩130.2b (up 3.6% from FY 2023). Net income: ₩10.5b (up ₩11.5b from FY 2023). Profit margin: 8.1% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. お知らせ • Mar 15
AUK Corp., Annual General Meeting, Mar 28, 2025 AUK Corp., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 62-8, yakchon-ro 8-gil, jeonbuk-do, iksan South Korea Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 7.8% to ₩1,816. The fair value is estimated to be ₩2,307, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 08 April 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). New Risk • Nov 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩87.1b market cap, or US$62.0m). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩19.00 loss per share (vs ₩275 profit in FY 2022) Full year 2023 results: ₩19.00 loss per share (down from ₩275 profit in FY 2022). Revenue: ₩125.7b (down 17% from FY 2022). Net loss: ₩959.2m (down 107% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 18 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩3,170, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,655, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩275 (vs ₩219 in FY 2021) Full year 2022 results: EPS: ₩275 (up from ₩219 in FY 2021). Revenue: ₩152.2b (down 12% from FY 2021). Net income: ₩13.8b (up 25% from FY 2021). Profit margin: 9.1% (up from 6.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 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. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%). Board Change • Nov 16
Less than half of directors are independent 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. 1 independent director (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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,390, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 7.3% over the past three years. Board Change • Apr 27
Less than half of directors are independent 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. 1 independent director (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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS ₩103 (vs ₩32.00 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩45.2b (up 20% from 3Q 2020). Net income: ₩5.20b (up ₩6.79b from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 10
Full year 2020 earnings released: ₩314 loss per share (vs ₩66.00 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: ₩150.2b (down 9.6% from FY 2019). Net loss: ₩15.9b (down ₩19.4b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. お知らせ • Mar 05
AUK Corp., Annual General Meeting, Mar 26, 2021 AUK Corp., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 17
New 90-day high: ₩2,725 The company is up 17% from its price of ₩2,325 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 33% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩2,685 The company is up 2.0% from its price of ₩2,625 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 48% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.2% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.8%). Is New 90 Day High Low • Oct 21
New 90-day high: ₩2,675 The company is up 45% from its price of ₩1,840 on 23 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 2.0% over the same period. 