Valuation Update With 7 Day Price Move • 11h
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,853, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 37x in the Capital Markets industry in South Korea. Total loss to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,425, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 49x in the Capital Markets industry in South Korea. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩4,795, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 54x in the Capital Markets industry in South Korea. Total returns to shareholders of 60% over the past year. New Risk • Apr 08
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₩7.3b (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₩7.3b revenue, or US$5.0m). Market cap is less than US$100m (₩65.8b market cap, or US$44.7m). New Risk • Mar 30
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 Risks Earnings have declined by 33% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩62.1b market cap, or US$41.0m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩4,010, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 48x in the Capital Markets industry in South Korea. Total returns to shareholders of 52% over the past year. 공고 • Mar 13
Capstone Partners Co., Ltd., Annual General Meeting, Mar 30, 2026 Capstone Partners Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 180, yeoksam-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,830, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 49x in the Capital Markets industry in South Korea. Total returns to shareholders of 4.9% over the past year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩26.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 23 April 2026. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (3.1%). New Risk • Dec 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 Risks Earnings have declined by 33% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (₩38.1b market cap, or US$25.9m). 공고 • Nov 12
Capstone Partners Co., Ltd. announces Annual dividend, payable on April 23, 2026 Capstone Partners Co., Ltd. announced Annual dividend of KRW 26.0000 per share payable on April 23, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 27
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 7.7% 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 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩43.8b market cap, or US$31.4m). New Risk • Apr 21
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 9.6% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩52.9b market cap, or US$37.3m). 공고 • Feb 14
Capstone Partners Co., Ltd., Annual General Meeting, Mar 28, 2025 Capstone Partners Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 180, yeoksam-ro, gangnam-gu, seoul South Korea New Risk • Aug 13
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 11% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩56.9b market cap, or US$41.5m). 
