Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,465, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 32% over the past three years. New Risk • May 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩26.2b market cap, or US$17.2m). Board Change • May 07
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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 • Mar 27
Full year 2025 earnings released: EPS: ₩197 (vs ₩190 in FY 2024) Full year 2025 results: EPS: ₩197 (up from ₩190 in FY 2024). Revenue: ₩93.8b (up 4.0% from FY 2024). Net income: ₩6.30b (up 3.7% from FY 2024). Profit margin: 6.7% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 17
CHASYS Co., Ltd., Annual General Meeting, Mar 31, 2026 CHASYS Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 23-9, gongdan 6-ro 24-gil, jillyang-eup, gyeongsangbuk-do, gyeongsan South Korea Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩6.00 (vs ₩153 in 3Q 2024) Third quarter 2025 results: EPS: ₩6.00 (down from ₩153 in 3Q 2024). Revenue: ₩18.6b (down 29% from 3Q 2024). Net income: ₩182.6m (down 96% from 3Q 2024). Profit margin: 1.0% (down from 19% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: EPS: ₩41.00. Net income: ₩1.31b (up ₩1.31b from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,682, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 58% over the past three years. New Risk • Jun 12
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 9.0% 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 (9.0% average weekly change). Market cap is less than US$100m (₩52.2b market cap, or US$38.3m). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩1,463, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 9.6% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩1,276, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 7.2% over the past three years. New Risk • Mar 21
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risks High level of debt (60% net debt to equity). Market cap is less than US$100m (₩36.3b market cap, or US$24.7m). Aankondiging • Mar 18
CHASYS Co., Ltd., Annual General Meeting, Mar 31, 2025 CHASYS Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 23-9, gongdan 6-ro 24-gil, jillyang-eup, gyeongsangbuk-do, gyeongsan South Korea New Risk • Dec 04
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 10.0% 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 High level of debt (60% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (₩52.2b market cap, or US$36.8m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩1,617, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • Oct 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (₩41.5b market cap, or US$30.8m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,361, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 2.8% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,626, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 6.6% over the past three years. New Risk • May 20
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 7.7% 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 High level of debt (60% net debt to equity). Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₩52.3b market cap, or US$38.6m). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩1,635, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 1.9% over the past three years. New Risk • Mar 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 60% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Market cap is less than US$100m (₩41.9b market cap, or US$31.1m). Buy Or Sell Opportunity • Mar 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to ₩1,531. The fair value is estimated to be ₩1,951, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 46%. Reported Earnings • Sep 20
Full year 2023 earnings released: ₩12.00 loss per share (vs ₩147 loss in FY 2022) Full year 2023 results: ₩12.00 loss per share (improved from ₩147 loss in FY 2022). Revenue: ₩60.5b (up 85% from FY 2022). Net loss: ₩386.1m (loss narrowed 92% from FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Third quarter 2023 earnings released: EPS: ₩15.00 (vs ₩42.00 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩15.00 (up from ₩42.00 loss in 3Q 2022). Revenue: ₩13.6b (up 64% from 3Q 2022). Net income: ₩495.6m (up ₩1.83b from 3Q 2022). Profit margin: 3.6% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Second quarter 2023 earnings released: ₩154 loss per share (vs ₩73.00 loss in 2Q 2022) Second quarter 2023 results: ₩154 loss per share (further deteriorated from ₩73.00 loss in 2Q 2022). Revenue: ₩13.5b (up 113% from 2Q 2022). Net loss: ₩4.92b (loss widened 110% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩1,221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 3.3%. Reported Earnings • Nov 18
First quarter 2023 earnings released: EPS: ₩44.00 (vs ₩7.00 loss in 1Q 2022) First quarter 2023 results: EPS: ₩44.00 (up from ₩7.00 loss in 1Q 2022). Revenue: ₩13.0b (up 66% from 1Q 2022). Net income: ₩1.40b (up ₩1.62b from 1Q 2022). Profit margin: 11% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 • Sep 23
Full year 2022 earnings released: ₩147 loss per share (vs ₩83.00 loss in FY 2021) Full year 2022 results: ₩147 loss per share (further deteriorated from ₩83.00 loss in FY 2021). Revenue: ₩32.8b (down 24% from FY 2021). Net loss: ₩4.69b (loss widened 103% from FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 • Nov 19
First quarter 2022 earnings released: ₩7.00 loss per share (vs ₩57.00 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: ₩7.85b (down 20% from 1Q 2021). Net loss: ₩227.2m (loss narrowed 83% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • May 23
Third quarter 2021 earnings released: EPS ₩29.00 (vs ₩4.00 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₩11.5b (down 11% from 3Q 2020). Net income: ₩900.5m (up ₩784.9m from 3Q 2020). Profit margin: 7.8% (up from 0.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 24
New 90-day low: ₩1,645 The company is down 32% from its price of ₩2,410 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 29% over the same period. Reported Earnings • Feb 20
Second quarter 2021 earnings released: ₩69.00 loss per share (vs ₩13.00 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ₩11.9b (down 14% from 2Q 2020). Net loss: ₩1.65b (loss widened 412% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 29
New 90-day low: ₩1,690 The company is down 47% from its price of ₩3,180 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 49% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: ₩2,250 The company is down 25% from its price of ₩3,010 on 15 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 Auto Components industry, which is up 11% over the same period. Reported Earnings • Nov 20
First quarter 2021 earnings released: ₩57.00 loss per share The company reported a poor first quarter result with weaker earnings, revenues and control over expenses. First quarter 2021 results: Revenue: ₩9.86b (down 26% from 1Q 2020). Net loss: ₩1.37b (down 388% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 04
New 90-day low: ₩2,370 The company is down 22% from its price of ₩3,050 on 06 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ₩3,345 The company is up 6.0% from its price of ₩3,165 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 20% over the same period. Reported Earnings • Sep 22
Full year earnings released - ₩167 loss per share Over the last 12 months the company has reported total losses of ₩4.01b, with losses widening by 9.0% from the prior year. Total revenue was ₩50.2b over the last 12 months, down 9.8% from the prior year. 
