Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩9,980, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Communications industry in South Korea. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,570, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 22x in the Communications industry in South Korea. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩7,420, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years. 공시 • Feb 27
PIOLINK, Inc., Annual General Meeting, Mar 30, 2026 PIOLINK, Inc., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩128 (vs ₩283 in 3Q 2024) Third quarter 2025 results: EPS: ₩128 (down from ₩283 in 3Q 2024). Revenue: ₩14.7b (up 8.0% from 3Q 2024). Net income: ₩845.5m (down 55% from 3Q 2024). Profit margin: 5.8% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Declared Dividend • Nov 08
Dividend of ₩300 announced Dividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (18% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 70% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 3 years. 공시 • Nov 07
PIOLINK, Inc. announces Annual dividend, payable on April 10, 2026 PIOLINK, Inc. announced Annual dividend of KRW 300.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Sep 29
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$100m (₩75.1b market cap, or US$53.6m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩11,180, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Communications industry in South Korea. Total returns to shareholders of 17% over the past three years. 공시 • Aug 25
PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 3,000 million worth of its shares. PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on December 25, 2025. As of August 25, 2025, the company had 160,849 treasury shares within scope available for dividend and no shares in treasury through other repurchase. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩207 (vs ₩283 in 2Q 2024) Second quarter 2025 results: EPS: ₩207 (down from ₩283 in 2Q 2024). Revenue: ₩14.7b (up 8.2% from 2Q 2024). Net income: ₩1.36b (down 28% from 2Q 2024). Profit margin: 9.2% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. 공시 • Feb 28
PIOLINK, Inc., Annual General Meeting, Mar 25, 2025 PIOLINK, Inc., Annual General Meeting, Mar 25, 2025, at 11:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%). 공시 • Sep 10
PIOLINK, Inc. (KOSDAQ:A170790) announces an Equity Buyback for KRW 1,000 million worth of its shares. PIOLINK, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with IBK Investment & Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 9, 2025. As of September 8, 2024, the company had 176,221 treasury shares within scope available for dividend and no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Inaugural dividend of ₩300 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.3%. Upcoming Dividend • Dec 21
Inaugural dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. This is the first dividend for PIOLINK since going public. The average dividend yield among industry peers is 1.2%. Upcoming Dividend • Dec 22
Inaugural dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.8%. Is New 90 Day High Low • Feb 18
New 90-day high: ₩15,250 The company is up 3.0% from its price of ₩14,800 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: ₩12,800 The company is down 12% from its price of ₩14,500 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩100.00 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 29th of December. This is the first dividend for Piolink since going public. The average dividend yield among industry peers is 0.7%. Is New 90 Day High Low • Sep 22
New 90-day high: ₩17,000 The company is up 32% from its price of ₩12,900 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 34% over the same period.