New Risk • May 21
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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₩28.8b market cap, or US$19.1m). 공시 • Feb 12
Booster Co., Ltd., Annual General Meeting, Mar 23, 2026 Booster Co., Ltd., Annual General Meeting, Mar 23, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 18, godeung 2-gil, iwol-myeon, jincheon-gun, chungcheongbuk-do, 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: 07 April 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩159 (vs ₩110 in 3Q 2024) Third quarter 2025 results: EPS: ₩159 (up from ₩110 in 3Q 2024). Revenue: ₩31.7b (up 9.0% from 3Q 2024). Net income: ₩1.29b (up 45% from 3Q 2024). Profit margin: 4.1% (up from 3.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 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: 7th April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased by an average of 4.5% per year over the past 4 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Nov 07
Booster Co., Ltd. announces Annual dividend, payable on April 07, 2026 Booster Co., Ltd. announced Annual dividend of KRW 50.0000 per share payable on April 07, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released: ₩24.00 loss per share (vs ₩128 profit in 2Q 2024) Second quarter 2025 results: ₩24.00 loss per share (down from ₩128 profit in 2Q 2024). Revenue: ₩31.8b (up 24% from 2Q 2024). Net loss: ₩193.1m (down 119% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩209 (vs ₩179 in FY 2023) Full year 2024 results: EPS: ₩209 (up from ₩179 in FY 2023). Revenue: ₩106.2b (up 5.1% from FY 2023). Net income: ₩1.69b (up 17% from FY 2023). Profit margin: 1.6% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공시 • Feb 07
Booster Co., Ltd., Annual General Meeting, Mar 24, 2025 Booster Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 18, godeung 2-gil, iwol-myeon, jincheon-gun, chungcheongbuk-do, 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 (₩31.8b market cap, or US$22.1m). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ₩112 (vs ₩45.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩112 (up from ₩45.00 in 3Q 2023). Revenue: ₩29.0b (up 18% from 3Q 2023). Net income: ₩908.9m (up 152% from 3Q 2023). Profit margin: 3.1% (up from 1.5% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩128 (vs ₩17.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩128 (up from ₩17.00 in 2Q 2023). Revenue: ₩25.6b (flat on 2Q 2023). Net income: ₩1.04b (up ₩898.3m from 2Q 2023). Profit margin: 4.1% (up from 0.5% in 2Q 2023). New Risk • Aug 17
New major risk - Revenue and earnings growth Revenue has declined by 3.5% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.5% over the past year. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (₩30.9b market cap, or US$22.9m). Reported Earnings • May 19
First quarter 2024 earnings released: ₩215 loss per share (vs ₩35.00 loss in 1Q 2023) First quarter 2024 results: ₩215 loss per share (further deteriorated from ₩35.00 loss in 1Q 2023). Revenue: ₩19.8b (down 16% from 1Q 2023). Net loss: ₩1.74b (loss widened ₩1.46b from 1Q 2023). Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩179 (vs ₩153 loss in FY 2022) Full year 2023 results: EPS: ₩179 (up from ₩153 loss in FY 2022). Revenue: ₩101.1b (up 10.0% from FY 2022). Net income: ₩1.45b (up ₩2.68b from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 03 April 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩45.00 (vs ₩243 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩45.00 (up from ₩243 loss in 3Q 2022). Revenue: ₩24.6b (down 4.1% from 3Q 2022). Net income: ₩360.6m (up ₩2.32b from 3Q 2022). Profit margin: 1.5% (up from net loss in 3Q 2022). Reported Earnings • May 20
First quarter 2023 earnings released: ₩35.00 loss per share (vs ₩159 profit in 1Q 2022) First quarter 2023 results: ₩35.00 loss per share (down from ₩159 profit in 1Q 2022). Revenue: ₩23.7b (down 18% from 1Q 2022). Net loss: ₩280.5m (down 122% from profit in 1Q 2022). Upcoming Dividend • Dec 21
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 07 April 2023. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩4,620, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: ₩38.00 (vs ₩97.00 in 1Q 2021) First quarter 2022 results: EPS: ₩38.00 (down from ₩97.00 in 1Q 2021). Revenue: ₩20.1b (down 11% from 1Q 2021). Net income: ₩304.1m (down 61% from 1Q 2021). Profit margin: 1.5% (down from 3.5% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 22
Inaugural dividend of ₩120 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 01 April 2022. The company is not currently making a profit and there are not enough cash flows to support it either. This is the first dividend for Booster since going public. The average dividend yield among industry peers is 2.8%. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,090, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₩8,580, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 70% over the past three years. Is New 90 Day High Low • Feb 18
New 90-day high: ₩5,860 The company is up 6.0% from its price of ₩5,530 on 20 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 Machinery industry, which is up 11% over the same period. 공시 • Feb 10
Booster Co., Ltd., Annual General Meeting, Mar 23, 2021 Booster Co., Ltd., Annual General Meeting, Mar 23, 2021, at 09:30 Korea Standard Time. Is New 90 Day High Low • Jan 21
New 90-day high: ₩5,850 The company is up 11% from its price of ₩5,260 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 Machinery industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩5,560 The company is up 6.0% from its price of ₩5,270 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩90.00 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 29th of December. This is the first dividend for Booster since going public. The average dividend yield among industry peers is 2.8%. Is New 90 Day High Low • Nov 18
New 90-day high: ₩5,540 The company is up 17% from its price of ₩4,750 on 20 August 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period.