Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩24,200, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Machinery industry in South Korea. New Risk • Jun 16
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 High level of non-cash earnings (22% accrual ratio). Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by cash flows (258% cash payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • Jun 08
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₩23,550. The fair value is estimated to be ₩31,830, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last year. Earnings per share has declined by 29%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 30% in the next year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩25,950, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Machinery industry in South Korea. New Risk • May 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by cash flows (258% cash payout ratio). Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩33,150, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩41,500, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Machinery industry in South Korea. New Risk • Mar 29
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Less than 3 years of financial data is available. Short dividend paying track record (less than a year of continuous dividend payments). 공고 • Feb 11
S & Sys Co.,Ltd., Annual General Meeting, Mar 31, 2026 S & Sys Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 311, suseong-ro, jangan-gu, gyeonggi-do, suwon South Korea 공고 • Jan 21
S & Sys Co.,Ltd. announces Annual dividend S & Sys Co.,Ltd. announced Annual dividend of KRW 400.0000 per share, ex-date on February 26, 2026 and record date on February 27, 2026. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Seong-ho Jeong was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
