New Risk • May 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩150.5b (US$99.8m) 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: Major Risk Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₩150.5b market cap, or US$99.8m). 공시 • Mar 10
Systeel Tech Co.,Ltd., Annual General Meeting, Mar 26, 2026 Systeel Tech Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 154, segogae-ro, eomjeong-myeon, chungcheongbuk-do, chungju South Korea New Risk • Dec 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Upcoming Dividend • Dec 22
Upcoming dividend of ₩45.45 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 24 April 2026. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). New Risk • Nov 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% 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 (1.0% net profit margin). Market cap is less than US$100m (₩117.2b market cap, or US$79.8m). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,570, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total loss to shareholders of 51% over the past year. 공시 • Nov 12
Systeel Tech Co.,Ltd. announces Annual dividend, payable on April 24, 2026 Systeel Tech Co.,Ltd. announced Annual dividend of KRW 45.4545 per share payable on April 24, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,195, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 13x in the Metals and Mining industry in South Korea. Total loss to shareholders of 2.4% over the past year. 공시 • Sep 05
Systeel Tech Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 50.175 billion. Systeel Tech Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 50.175 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: KRW 3345
Discount Per Security: KRW 26.76
Transaction Features: Rights Offering New Risk • Aug 08
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (40% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.9% net profit margin). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₩5,660, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 60% over the past year. New Risk • Jul 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩130.1b (US$93.5m) 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: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (₩130.1b market cap, or US$93.5m). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩4,845, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 65% over the past year. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩141.9b (US$96.9m) 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: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩141.9b market cap, or US$96.9m). 공시 • Mar 07
Systeel Tech Co.,Ltd., Annual General Meeting, Mar 26, 2025 Systeel Tech Co.,Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 154, segogae-ro, eomjeong-myeon, chungcheongbuk-do, chungju South Korea New Risk • Jul 02
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 9.9% 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 (9.9% average weekly change). Market cap is less than US$100m (₩91.1b market cap, or US$65.6m).