공시 • Feb 10
Inics Corp., Annual General Meeting, Mar 26, 2026 Inics Corp., Annual General Meeting, Mar 26, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 16, haeun-daero 191beon-gil, haeundae-gu, busan South Korea New Risk • Dec 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 12% 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 54% 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 (12% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₩116.5b market cap, or US$78.6m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 23 April 2026. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.0%). Declared Dividend • Nov 08
Dividend of ₩200 announced Dividend of ₩200 is the same as last year. Ex-date: 29th December 2025 Payment date: 23rd April 2026 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. 공시 • Nov 07
Inics Corp. announces Annual dividend, payable on April 23, 2026 Inics Corp. announced Annual dividend of KRW 200.0000 per share payable on April 23, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Jul 14
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 9.1% 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 Earnings have declined by 40% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩93.9b market cap, or US$68.0m). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩10,550, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 18% over the past year. New Risk • May 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 173% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.0% 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. Payout ratio: 173% Paying a dividend despite having no free cash flows. Revenue has declined by 12% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₩75.5b market cap, or US$54.0m). 공시 • Feb 14
Inics Corp., Annual General Meeting, Mar 28, 2025 Inics Corp., Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 16, haeun-daero 191beon-gil, haeundae-gu, busan South Korea Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩8,020, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩10,210, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 5x in the Auto Components industry in South Korea. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩13,960, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Buy Or Sell Opportunity • Oct 07
Now 27% overvalued Over the last 90 days, the stock has fallen 5.1% to ₩12,910. The fair value is estimated to be ₩10,165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last year. Earnings per share has declined by 53%. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩14,100, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. 공시 • Aug 26
Inics Corp. (KOSDAQ:A452400) announces an Equity Buyback for KRW 2,000 million worth of its shares. Inics Corp. (KOSDAQ:A452400) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a trust agreement with Samsung Securities. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until February 27, 2025. As of August 25, 2024, the company had no shares in treasury through buyback within dividend capacity or through other acquisitions. New Risk • Aug 12
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 12% 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 Revenue has declined by 5.2% over the past year. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩135.6b market cap, or US$99.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩9,270, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. New Risk • May 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.5b (US$99.2m) 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₩135.5b market cap, or US$99.2m). Buy Or Sell Opportunity • Apr 03
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at ₩20,100. The fair value is estimated to be ₩26,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only.