Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,800, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 23x in the Communications industry in South Korea. Total returns to shareholders of 27% over the past three years. New Risk • Apr 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 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩71.1b market cap, or US$47.2m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩5,850, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 15% over the past three years. 공시 • Mar 17
Wave Electronics Co., Ltd., Annual General Meeting, Mar 31, 2026 Wave Electronics Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 152, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South Korea New Risk • Oct 10
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 7.3% 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₩72.0b market cap, or US$50.7m). New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩62.5b market cap, or US$45.0m). Reported Earnings • Mar 25
Full year 2024 earnings released: ₩498 loss per share (vs ₩48.00 profit in FY 2023) Full year 2024 results: ₩498 loss per share (down from ₩48.00 profit in FY 2023). Revenue: ₩78.0b (flat on FY 2023). Net loss: ₩6.35b (down ₩7.02b from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 48% 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 • Mar 13
Wave Electronics Co., Ltd., Annual General Meeting, Mar 27, 2025 Wave Electronics Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 152, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South Korea New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩48.2b market cap, or US$33.5m). Buy Or Sell Opportunity • Aug 05
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to ₩5,190. The fair value is estimated to be ₩7,116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩6,200, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 15x in the Communications industry in South Korea. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,430, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 15x in the Communications industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₩4,895, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 74% over the past three years. 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₩5,830, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Communications industry in South Korea. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 25% share price gain to ₩5,600, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,200, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 79% over the past three years. 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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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 • Apr 02
Full year 2020 earnings released: ₩2,357 loss per share (vs ₩3,599 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ₩39.8b (up 6.7% from FY 2019). Net loss: ₩27.7b (loss narrowed 28% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 22
New 90-day low: ₩4,180 The company is down 26% from its price of ₩5,620 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 9.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: ₩4,290 The company is down 31% from its price of ₩6,250 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: ₩5,100 The company is down 42% from its price of ₩8,860 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: ₩5,270 The company is down 39% from its price of ₩8,650 on 21 August 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: ₩7,400 The company is down 28% from its price of ₩10,250 on 31 July 2020. The South Korean market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 9.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: ₩8,100 The company is down 2.0% from its price of ₩8,230 on 15 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 14% over the same period. 공시 • Sep 30
Wave Electronics Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23.458 billion. Wave Electronics Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23.458 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,700,000
Price\Range: KRW 6340
Discount Per Security: KRW 181.3
Transaction Features: Rights Offering