New Risk • Jun 11
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 Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Market cap is less than US$10m (₩10.1b market cap, or US$6.62m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Feb 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩12.4b (US$8.58m) 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 Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Market cap is less than US$10m (₩12.4b market cap, or US$8.58m). 공시 • Feb 26
Duoback Co., Ltd., Annual General Meeting, Mar 25, 2026 Duoback Co., Ltd., Annual General Meeting, Mar 25, 2026, at 08:00 Tokyo Standard Time. Location: conference room, 27, gajaeul-ro 32beon-gil, seo-gu, incheon South Korea New Risk • Mar 14
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 14% 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 Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue has declined by 26% over the past year. Minor Risk Market cap is less than US$100m (₩29.4b market cap, or US$20.2m). 공시 • Feb 26
Duoback Co., Ltd., Annual General Meeting, Mar 26, 2025 Duoback Co., Ltd., Annual General Meeting, Mar 26, 2025, at 08:00 Tokyo Standard Time. Location: conference room, 27, gajaeul-ro 32beon-gil, seo-gu, incheon South Korea New Risk • Jan 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 9.8% 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 Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Revenue has declined by 26% over the past year. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₩31.1b market cap, or US$21.3m). New Risk • Nov 14
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Revenue has declined by 26% over the past year. Minor Risk Market cap is less than US$100m (₩24.3b market cap, or US$17.3m). New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩3.5b free cash flow). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (₩29.3b market cap, or US$21.2m). New Risk • Nov 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩3.5b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩3.5b free cash flow). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩29.2b market cap, or US$22.4m). Reported Earnings • Mar 18
Full year 2022 earnings released: ₩334 loss per share (vs ₩370 loss in FY 2021) Full year 2022 results: ₩334 loss per share (improved from ₩370 loss in FY 2021). Revenue: ₩31.6b (down 18% from FY 2021). Net loss: ₩3.70b (loss narrowed 9.8% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors 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. 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: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors 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. 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩4,130, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 17x in the Commercial Services industry in South Korea. Total returns to shareholders of 74% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩66.00 (vs ₩257 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩44.1b (up 39% from FY 2019). Net income: ₩733.3m (up ₩3.58b from FY 2019). Profit margin: 1.7% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. 공시 • Feb 25
Duoback Co., Ltd., Annual General Meeting, Mar 24, 2021 Duoback Co., Ltd., Annual General Meeting, Mar 24, 2021, at 08:00 Korea Standard Time. Location: Duobaek changi hall 27 Gajaeul-ro 32beon-gil, seogu Incheon South Korea Is New 90 Day High Low • Feb 15
New 90-day high: ₩7,190 The company is up 155% from its price of ₩2,825 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩4,900 The company is up 75% from its price of ₩2,805 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₩3,280 The company is up 1.0% from its price of ₩3,250 on 15 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 5.0% over the same period.