Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,830, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total loss to shareholders of 12% over the past three years. New Risk • May 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 67% 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: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.5% net profit margin). Market cap is less than US$100m (₩101.7b market cap, or US$68.0m). Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩9,800, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 28x in the Semiconductor industry in South Korea. Total returns to shareholders of 4.9% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩11,540, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 27x in the Semiconductor industry in South Korea. Total returns to shareholders of 14% over the past three years. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩1,028 (vs ₩1,235 in FY 2024) Full year 2025 results: EPS: ₩1,028 (down from ₩1,235 in FY 2024). Revenue: ₩65.1b (up 12% from FY 2024). Net income: ₩10.8b (down 21% from FY 2024). Profit margin: 17% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Mar 05
Viatron Technologies, Inc., Annual General Meeting, Mar 26, 2026 Viatron Technologies, Inc., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 139, saneop-ro 155beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea New Risk • Mar 04
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 Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩87.3b market cap, or US$59.7m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩10,190, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 7.0% over the past three years. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩9,530, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 3.4% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. Payout ratio is a comfortable 8.2% 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 (0.4%). Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 15th April 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has not increased over the past 6 years but payments have been stable during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Nov 07
Viatron Technologies, Inc. announces Annual dividend, payable on April 15, 2026 Viatron Technologies, Inc. announced Annual dividend of KRW 100.0000 per share payable on April 15, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩7,330, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 29% over the past three years. 공시 • Apr 14
Viatron Technologies, Inc. (KOSDAQ:A141000) announces an Equity Buyback for 776,397 shares, for KRW 5,000 million. Viatron Technologies, Inc. (KOSDAQ:A141000) announces a share repurchase program. Under the program, the company will repurchase up to 776,397 shares, for KRW 3,000 million pursuant to a contract with DAISHIN Securities Co., Ltd. The shares will be repurchased at a price of KRW 6,440 per share. The purpose of the program is stabilization of stock price and enhancement of shareholder value. The program will expire on April 10, 2026. As of April 10, 2025, the company had 1,472,170 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩1,235 (vs ₩145 in FY 2023) Full year 2024 results: EPS: ₩1,235 (up from ₩145 in FY 2023). Revenue: ₩58.0b (up 107% from FY 2023). Net income: ₩13.6b (up ₩12.0b from FY 2023). Profit margin: 24% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 공시 • Dec 02
Viatron Technologies, Inc. (KOSDAQ:A141000) announces an Equity Buyback for KRW 3,000 million worth of its shares. Viatron Technologies, Inc. (KOSDAQ:A141000) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with DAISHIN Securities Co., Ltd. The purpose of the program is stabilization of stock price and enhancement of shareholder value. The program will expire on June 2, 2025. As of December 1, 2024, the company had 1,082,891 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩247 (vs ₩94.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩247 (up from ₩94.00 in 3Q 2023). Revenue: ₩28.4b (up 265% from 3Q 2023). Net income: ₩2.72b (up 160% from 3Q 2023). Profit margin: 9.6% (down from 14% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩145 (vs ₩1,382 in FY 2022) Full year 2023 results: EPS: ₩145 (down from ₩1,382 in FY 2022). Revenue: ₩28.0b (down 61% from FY 2022). Net income: ₩1.63b (down 90% from FY 2022). Profit margin: 5.8% (down from 23% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share at 1.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 18 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). New Risk • Aug 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (₩107.3b market cap, or US$81.2m). Upcoming Dividend • Dec 21
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 18 April 2023. Payout ratio is a comfortable 5.0% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 10% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.9%). Is New 90 Day High Low • Feb 15
New 90-day high: ₩12,450 The company is up 30% from its price of ₩9,600 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 Semiconductor industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: ₩11,850 The company is up 35% from its price of ₩8,750 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 55% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩11,200 The company is up 15% from its price of ₩9,730 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 Semiconductor industry, which is up 38% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₩10,700 The company is up 3.0% from its price of ₩10,400 on 17 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 27% over the same period.