New Risk • May 11
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 17% 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 50% per year over the past 5 years. 공시 • Mar 17
PEMTRON Corporation, Annual General Meeting, Mar 30, 2026 PEMTRON Corporation, Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 47, cheongneung-daero 339beon-gil, namdong-gu, incheon South Korea 공시 • Feb 27
PEMTRON Corporation announces Annual dividend PEMTRON Corporation announced Annual dividend of KRW 50.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026. New Risk • Feb 26
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩35.00 (vs ₩21.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩35.00 (up from ₩21.00 in 3Q 2024). Revenue: ₩17.9b (up 2.8% from 3Q 2024). Net income: ₩731.3m (up 66% from 3Q 2024). Profit margin: 4.1% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • Aug 15
Second quarter 2025 earnings released: ₩251 loss per share (vs ₩81.00 loss in 2Q 2024) Second quarter 2025 results: ₩251 loss per share (further deteriorated from ₩81.00 loss in 2Q 2024). Revenue: ₩16.7b (up 33% from 2Q 2024). Net loss: ₩5.28b (loss widened 207% from 2Q 2024). 공시 • Apr 11
PEMTRON Corporation announced that it expects to receive KRW 20 billion in funding PEMTRON Corporation announced a private placement to issue Zero Coupon Series 1 Unregistered Interest-Free Unsecured Private Placement Convertible Bonds due April 11, 2030 for gross proceeds of KRW 20,000,000,000 on April 9, 2025. The transaction will include participation from new investors MW Materials, Parts and Equipment New Technology Investment Fund No. 2 for KRW 8,200,000,000 and Samsung Innovative New Technology Business Fund No. 3 for KRW 11,800,000,000 The transaction has been approved by shareholders, restricted to a hold period, expected to close on April 11, 2025, 100% convertible into 1,988,071 shares at a fixed conversion price of KRW 10,060 from April 11, 2026 to March 11, 2030, bears zero coupon rate, zero maturity rate and matures on April 11, 2030. Reported Earnings • Mar 21
Full year 2024 earnings released: ₩90.00 loss per share (vs ₩334 profit in FY 2023) Full year 2024 results: ₩90.00 loss per share (down from ₩334 profit in FY 2023). Revenue: ₩57.0b (down 23% from FY 2023). Net loss: ₩1.91b (down 127% from profit in FY 2023). 공시 • Mar 08
PEMTRON Corporation, Annual General Meeting, Mar 28, 2025 PEMTRON Corporation, Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 47, cheongneung-daero 339beon-gil, namdong-gu, incheon South Korea Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩21.00 (vs ₩77.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩21.00 (down from ₩77.00 in 3Q 2023). Revenue: ₩17.4b (down 4.7% from 3Q 2023). Net income: ₩440.1m (down 73% from 3Q 2023). Profit margin: 2.5% (down from 8.8% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. New Risk • Nov 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Market cap is less than US$100m (₩140.1b market cap, or US$99.7m). New Risk • Sep 23
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: Minor Risks 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 (1.0% net profit margin). Market cap is less than US$100m (₩87.3b market cap, or US$65.3m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: ₩81.00 loss per share (vs ₩76.00 profit in 2Q 2023) Second quarter 2024 results: ₩81.00 loss per share (down from ₩76.00 profit in 2Q 2023). Revenue: ₩12.6b (down 33% from 2Q 2023). Net loss: ₩1.72b (down 206% from profit in 2Q 2023). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩3,830, the stock trades at a trailing P/E ratio of 20.6x. Average forward P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 49% over the past year. Buy Or Sell Opportunity • May 16
Now 23% overvalued Over the last 90 days, the stock has fallen 5.6% to ₩8,770. The fair value is estimated to be ₩7,127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 23%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 64% in the next year. Buy Or Sell Opportunity • Apr 19
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to ₩8,670. The fair value is estimated to be ₩7,179, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 23%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 64% in the next year. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩669 (vs ₩543 in FY 2022) Full year 2023 results: EPS: ₩669 (up from ₩543 in FY 2022). Revenue: ₩73.7b (up 21% from FY 2022). Net income: ₩7.12b (up 36% from FY 2022). Profit margin: 9.7% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to ₩11,130. The fair value is estimated to be ₩9,168, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 70% in the next year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩9,100, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 158% over the past year. Buy Or Sell Opportunity • Jan 19
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to ₩11,170. The fair value is estimated to be ₩8,534, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 70% in the next year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,000, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 213% over the past year. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩19,300, the stock trades at a trailing P/E ratio of 32.4x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 234% over the past year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,450, the stock trades at a trailing P/E ratio of 27.6x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 148% over the past year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,450, the stock trades at a trailing P/E ratio of 27.6x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 148% over the past year. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₩151 (vs ₩262 in 3Q 2022) Third quarter 2023 results: EPS: ₩151 (down from ₩262 in 3Q 2022). Revenue: ₩18.2b (up 2.6% from 3Q 2022). Net income: ₩1.61b (down 36% from 3Q 2022). Profit margin: 8.8% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩19,110, the stock trades at a trailing P/E ratio of 28.1x. Average forward P/E is 12x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₩23,200, the stock trades at a trailing P/E ratio of 34.2x. Average forward P/E is 13x in the Electronic industry in South Korea. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ₩152 (vs ₩19.64 in 2Q 2022) Second quarter 2023 results: EPS: ₩152 (up from ₩19.64 in 2Q 2022). Revenue: ₩18.6b (up 76% from 2Q 2022). Net income: ₩1.62b (up ₩1.43b from 2Q 2022). Profit margin: 8.7% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩18,330, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 14x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩10,290, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₩12,970, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 13x in the Electronic industry in South Korea. 