New Risk • May 19
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩18,530, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩18,740, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 27x in the Semiconductor industry in South Korea. Total returns to shareholders of 54% over the past three years. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩150.6b (US$98.4m) 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. This is currently the only risk that has been identified for the company. 공시 • Mar 17
C&G Hi Tech Co., Ltd, Annual General Meeting, Mar 31, 2026 C&G Hi Tech Co., Ltd, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 162, seungnyang-gil, wongok-myeon, gyeonggi-do, anseong South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩15,650, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 38% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of ₩550 per share Eligible shareholders must have bought the stock before 27 February 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 5.5% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.4%). In line with average of industry peers (0.4%). 공시 • Feb 14
C&G Hi Tech Co., Ltd announces Annual dividend, payable on April 28, 2026 C&G Hi Tech Co. Ltd. announced Annual dividend of KRW 550.0000 per share payable on April 28, 2026, ex-date on February 27, 2026 and record date on March 03, 2026. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,600, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 63% over the past three years. New Risk • Dec 03
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 8.1% 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 3.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,690, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 50% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩654 (vs ₩310 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩654 (up from ₩310 loss in 3Q 2024). Revenue: ₩20.5b (down 12% from 3Q 2024). Net income: ₩6.14b (up ₩8.99b from 3Q 2024). Profit margin: 30% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩16,000, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 21x in the Semiconductor industry in South Korea. Total returns to shareholders of 67% over the past three years. 공시 • Sep 05
C&G Hi Tech Co., Ltd announced that it has received KRW 4.45933292 billion in funding from Shinhan Securities Co. Ltd., Kiwoom Securities Co., Ltd. On September 5, 2025, C&G Hi Tech Co., Ltd closed the transaction. 공시 • Aug 29
C&G Hi Tech Co., Ltd announced that it expects to receive KRW 4.45933292 billion in funding from Shinhan Securities Co. Ltd., Kiwoom Securities Co., Ltd. C&G Hi Tech Co., Ltd announced a private placement to issue series 2 unregistered unsecured private convertible bonds for KRW 4,459,332,920 on August 28, 2025. The transaction includes participation from new investors, Shinhan Securities Co., Ltd. for KRW 2,259,332,920 and Kiwoom Securities Co., Ltd. for KRW 2,200,000,000. The bonds have zero coupon rate and zero yield to maturity rate. The bonds will mature on September 5, 2030. The bonds will be 100% converted into 301,714 common shares at a fixed conversion price of KRW 14,780 per share. The conversion period is from September 12, 2025 to August 29, 2030. The payment date of the transaction is September 5, 2025. The transaction has been approved by the board of directors of the company. The transaction is subject to one year hold period. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩199 (vs ₩430 in 2Q 2024) Second quarter 2025 results: EPS: ₩199 (down from ₩430 in 2Q 2024). Revenue: ₩39.1b (down 21% from 2Q 2024). Net income: ₩1.87b (down 52% from 2Q 2024). Profit margin: 4.8% (down from 7.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩746 (vs ₩1,507 in FY 2023) Full year 2024 results: EPS: ₩746 (down from ₩1,507 in FY 2023). Revenue: ₩151.2b (down 9.3% from FY 2023). Net income: ₩6.88b (down 46% from FY 2023). Profit margin: 4.6% (down from 7.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 공시 • Mar 18
C&G Hi Tech Co., Ltd, Annual General Meeting, Mar 31, 2025 C&G Hi Tech Co., Ltd, Annual General Meeting, Mar 31, 2025, at 08:00 Tokyo Standard Time. Location: auditorium, 162, seungnyang-gil, wongok-myeon, gyeonggi-do, anseong South Korea Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩14,230, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩14,130, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 21% over the past three years. New Risk • Feb 06
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 Revenue has declined by 37% over the past year. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩127.9b market cap, or US$88.3m). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩11,770, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩10,060, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩10,340, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩430 (vs ₩258 in 2Q 2023) Second quarter 2024 results: EPS: ₩430 (up from ₩258 in 2Q 2023). Revenue: ₩49.4b (up 53% from 2Q 2023). Net income: ₩3.92b (up 84% from 2Q 2023). Profit margin: 7.9% (up from 6.6% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • May 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.8b (US$99.1m) 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 Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₩134.8b market cap, or US$99.1m). New Risk • May 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩17,570, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 40% over the past three years. New Risk • Apr 22
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 8.4% 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 Revenue has declined by 14% over the past year. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,980, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 15% over the past three years. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩1,507 (vs ₩2,062 in FY 2022) Full year 2023 results: EPS: ₩1,507 (down from ₩2,062 in FY 2022). Revenue: ₩166.7b (down 14% from FY 2022). Net income: ₩12.8b (down 24% from FY 2022). Profit margin: 7.7% (down from 8.7% in FY 2022). The decrease in margin was driven by lower revenue. Upcoming Dividend • Mar 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.8%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩657 (vs ₩387 in 3Q 2022) Third quarter 2023 results: EPS: ₩657 (up from ₩387 in 3Q 2022). Revenue: ₩81.6b (up 62% from 3Q 2022). Net income: ₩5.51b (up 74% from 3Q 2022). Profit margin: 6.8% (up from 6.3% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.6% 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 High level of non-cash earnings (30% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Market cap is less than US$100m (₩119.5b market cap, or US$89.4m). Upcoming Dividend • Jun 22
Upcoming dividend of ₩50.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (1.2%). Upcoming Dividend • Dec 22
Inaugural dividend of ₩350 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for C&G Hi TechLtd since going public. The average dividend yield among industry peers is 0.9%. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩12,900, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₩14,300, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 125% over the past three years. Is New 90 Day High Low • Jan 20
New 90-day high: ₩14,600 The company is up 62% from its price of ₩9,020 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 44% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩14,150 The company is up 58% from its price of ₩8,960 on 06 October 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 32% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 24% share price gain to ₩14,100, the stock is trading at a trailing P/E ratio of 12.5x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past year are 60%. Is New 90 Day High Low • Dec 18
New 90-day high: ₩12,900 The company is up 44% from its price of ₩8,940 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 21% share price gain to ₩11,950, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past year are 63%. Is New 90 Day High Low • Nov 11
New 90-day high: ₩9,650 The company is up 4.0% from its price of ₩9,310 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Semiconductor industry, which is also up 4.0% over the same period.