Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,640, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 73% over the past three years. New Risk • Apr 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Mar 03
Now 22% undervalued Over the last 90 days, the stock has risen 221% to ₩4,335. The fair value is estimated to be ₩5,592, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩5,000, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₩4,040, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 186% over the past three years. Buy Or Sell Opportunity • Jan 23
Now 24% undervalued Over the last 90 days, the stock has risen 203% to ₩4,040. The fair value is estimated to be ₩5,286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. New Risk • Jan 08
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 9.1% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩142.2b market cap, or US$98.0m). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩1,957, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩115 (vs ₩33.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩115 (up from ₩33.00 loss in 3Q 2024). Revenue: ₩236.7b (up 5.5% from 3Q 2024). Net income: ₩8.36b (up ₩10.7b from 3Q 2024). Profit margin: 3.5% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. New Risk • Aug 16
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: 0.6% Last year net profit margin: 1.4% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (₩105.5b market cap, or US$76.0m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ₩22.00 loss per share (vs ₩80.00 profit in 2Q 2024) Second quarter 2025 results: ₩22.00 loss per share (down from ₩80.00 profit in 2Q 2024). Revenue: ₩263.1b (up 6.6% from 2Q 2024). Net loss: ₩1.63b (down 128% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩218 (vs ₩128 in FY 2023) Full year 2024 results: EPS: ₩218 (up from ₩128 in FY 2023). Revenue: ₩971.5b (up 3.4% from FY 2023). Net income: ₩15.8b (up 71% from FY 2023). Profit margin: 1.6% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Mar 13
Mobase Electronics Co.,Ltd., Annual General Meeting, Mar 26, 2025 Mobase Electronics Co.,Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 100, saneop-ro 156beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea New Risk • Dec 09
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 (₩99.9b market cap, or US$70.2m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,615, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 25% over the past three years. New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.7b (US$98.7m) 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 Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩133.7b market cap, or US$98.7m). New Risk • Mar 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Dec 20
Upcoming dividend of ₩10.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.0%). New Risk • Oct 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.8b (US$98.5m) 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩133.8b market cap, or US$98.5m). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,010, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩2,900, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩3,200, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩2,415, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 11x in the Auto Components industry in South Korea. Total returns to shareholders of 95% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₩97.00 (vs ₩94.00 in FY 2021) Full year 2022 results: EPS: ₩97.00. Revenue: ₩922.2b (up 21% from FY 2021). Net income: ₩8.02b (down 6.9% from FY 2021). Profit margin: 0.9% (down from 1.1% in FY 2021). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,757, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 44% over the past three years. Aankondiging • Jan 06
Mobase Electronics Co.,Ltd. (KOSDAQ:A012860) announces an Equity Buyback for KRW 500 million worth of its shares. Mobase Electronics Co.,Ltd. (KOSDAQ:A012860) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a contract with Hana Bank. The purpose of the share repurchase is stable management of stock prices and protection of management rights through treasury stock holdings. The repurchase program will expire on January 6, 2024. As of January 24, 2022, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩1,220, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 10x in the Auto Components industry in South Korea. Total loss to shareholders of 26% 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 20% share price decline to ₩1,280, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total loss to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩2,305, the stock trades at a trailing P/E ratio of 75.7x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,820, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 44% over the past three years. Reported Earnings • Apr 03
Full year 2020 earnings released: ₩333 loss per share (vs ₩438 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩788.5b (up 2.2% from FY 2019). Net loss: ₩17.3b (loss widened 48% from FY 2019). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 04
New 90-day high: ₩2,510 The company is up 89% from its price of ₩1,330 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 Auto Components industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₩2,195 The company is up 69% from its price of ₩1,295 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: ₩1,560 The company is up 7.0% from its price of ₩1,455 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩1,225 The company is down 16% from its price of ₩1,465 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 22% over the same period.