New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩121.3b (US$82.1m) 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 Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₩121.3b market cap, or US$82.1m). New Risk • Sep 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 7.9% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₩121.4b market cap, or US$87.9m). 공시 • Sep 02
Manho Rope & Wire Ltd., Annual General Meeting, Sep 26, 2025 Manho Rope & Wire Ltd., Annual General Meeting, Sep 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 11, chungjang-daero, jung-gu, busan South Korea New Risk • Jan 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₩88.9b market cap, or US$61.0m). Board Change • Sep 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent 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: Minority of independent directors. Insufficient board refreshment. 공시 • Sep 11
Manho Rope & Wire Ltd., Annual General Meeting, Sep 30, 2024 Manho Rope & Wire Ltd., Annual General Meeting, Sep 30, 2024, at 10:00 Tokyo Standard Time. Location: conference room, 11, chungjang-daero, jung-gu, busan South Korea 공시 • Nov 17
Manho Rope & Wire Co., Ltd. (KOSE:A001080) announces an Equity Buyback for KRW 3,600 million worth of its shares. Manho Rope & Wire Co., Ltd. (KOSE:A001080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,600 million worth of its shares, pursuant to a contract with Korea Investment & Securities. The purpose of the program is stability of stock price and raising of shareholder value. The program will expire on November 19, 2028. As of November 16, 2023, the company had 1,206,137 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. Board Change • Jul 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jun 22
Upcoming dividend of ₩250 per share at 0.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 October 2023. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.2%). Lower than average of industry peers (3.1%). New Risk • Jun 15
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 9.3% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jun 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 14 October 2022. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.2%). Lower than average of industry peers (4.7%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 19
Full year 2021 earnings released: EPS ₩290 (vs ₩420 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₩196.1b (flat on FY 2020). Net income: ₩865.5m (down 32% from FY 2020). Profit margin: 0.4% (down from 0.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 October 2021. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.1%). Lower than average of industry peers (2.1%). Reported Earnings • May 23
Third quarter 2021 earnings released: ₩21.00 loss per share (vs ₩352 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₩47.7b (down 2.1% from 3Q 2020). Net loss: ₩62.2m (down 106% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₩24,500, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 23x in the Metals and Mining industry in South Korea. Total returns to shareholders of 39% over the past three years. Reported Earnings • Feb 19
Second quarter 2021 earnings released: ₩63.00 loss per share (vs ₩180 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₩46.2b (down 7.8% from 2Q 2020). Net loss: ₩189.5m (loss narrowed 66% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 16% share price decline to ₩17,750, the stock is trading at a trailing P/E ratio of 70.1x, down from the previous P/E ratio of 83.8x. This compares to an average P/E of 20x in the Metals and Mining industry in South Korea. Total returns to shareholders over the past three years were flat. Reported Earnings • Nov 21
First quarter 2021 earnings released: EPS ₩43.00 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩45.8b (down 6.4% from 1Q 2020). Net income: ₩129.3m (down 80% from 1Q 2020). Profit margin: 0.3% (down from 1.3% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 27% share price gain to ₩19,800, the stock is trading at a trailing P/E ratio of 47.2x, up from the previous P/E ratio of 37.3x. This compares to an average P/E of 20x in the Metals and Mining industry in South Korea. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Nov 17
New 90-day high: ₩17,150 The company is up 7.0% from its price of ₩16,050 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Reported Earnings • Sep 19
Full year earnings released - EPS ₩420 Over the last 12 months the company has reported total profits of ₩1.27b, up 18% from the prior year. Total revenue was ₩196.4b over the last 12 months, down 6.1% from the prior year. Profit margins were 0.6%, which is in line with last year.