New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩15.0b (US$9.99m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (₩15.0b market cap, or US$9.99m). New Risk • May 19
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 13% 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 3.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩39.6b market cap, or US$26.3m). Buy Or Sell Opportunity • May 19
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to ₩1,218. The fair value is estimated to be ₩1,645, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to ₩2,045. The fair value is estimated to be ₩1,686, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩2,075, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 39% over the past three years. 공고 • Mar 17
Mobile Appliance, Inc., Annual General Meeting, Mar 31, 2026 Mobile Appliance, Inc., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 401, simin-daero, dongan-gu, gyeonggi-do, anyang South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,720, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩2,075, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 29% over the past three years. 공고 • Mar 05
Mobile Appliance, Inc., Annual General Meeting, Mar 28, 2025 Mobile Appliance, Inc., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 401, simin-daero, dongan-gu, gyeonggi-do, anyang South Korea New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩66.7b market cap, or US$46.4m). 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 ₩2,000, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 58% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₩2,395. The fair value is estimated to be ₩3,055, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has declined by 28%. New Risk • Jun 04
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: 2.0% Last year net profit margin: 3.3% 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 Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (₩90.7b market cap, or US$65.8m). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,650, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 17x in the Consumer Durables industry in South Korea. Total loss to shareholders of 44% over the past three years. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₩2,270. The fair value is estimated to be ₩2,847, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. New Risk • Oct 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩117.8b market cap, or US$88.3m). New Risk • Aug 27
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: 1.2% Last year net profit margin: 6.0% 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 (1.2% net profit margin). Market cap is less than US$100m (₩78.9b market cap, or US$59.7m). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,410, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total loss to shareholders of 32% over the past three years. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₩65.00 (vs ₩77.00 in FY 2021) Full year 2022 results: EPS: ₩65.00 (down from ₩77.00 in FY 2021). Revenue: ₩52.5b (up 9.8% from FY 2021). Net income: ₩2.11b (down 16% from FY 2021). Profit margin: 4.0% (down from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 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. 5 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩3,100, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₩4,135, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 11x in the Consumer Durables industry in South Korea. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,520, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 16x in the Consumer Durables industry in South Korea. Negligible returns to shareholders over 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. 5 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₩4,165, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 18x in the Consumer Durables industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₩4,605, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 33% 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 19% share price decline to ₩3,760, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 14x in the Consumer Durables industry in South Korea. Total returns to shareholders of 9.8% over the past three years. 공고 • Feb 25
Mobile Appliance, Inc. announced that it has received KRW 25 billion in funding On February 24, 2021, Mobile Appliance, Inc. (KOSDAQ:A087260) closed the transaction. The company issued round 5 kinds non-guaranteed private equity bond with underwriting rights for gross proceeds of KRW 5,000,000,0000 in its second and final tranche closing. Is New 90 Day High Low • Feb 24
New 90-day low: ₩4,520 The company is down 14% from its price of ₩5,240 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 Consumer Durables industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₩5,600 The company is up 3.0% from its price of ₩5,440 on 16 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 Consumer Durables industry, which is up 28% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ₩5,650 The company is up 44% from its price of ₩3,925 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 21% over the same period.