Buy Or Sell Opportunity • Jun 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to ₩5,220. The fair value is estimated to be ₩6,543, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Mar 17
SP Systems Co.,Ltd., Annual General Meeting, Mar 31, 2026 SP Systems Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 123, eogokgongdan-ro, gyeongsangnam-do, yangsan South Korea Aankondiging • Nov 12
SP Systems Co.,Ltd. announced that it has received KRW 6.903091364 billion in funding On November 10, 2025. SP Systems Co.,Ltd. announced that it has closed the transaction. New Risk • Aug 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 9.7% 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: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₩89.3b market cap, or US$64.0m). Aankondiging • Mar 18
SP Systems Co.,Ltd., Annual General Meeting, Mar 31, 2025 SP Systems Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 123, eogokgongdan-ro, gyeongsangnam-do, yangsan South Korea New Risk • Jan 02
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 Risk Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩58.2b market cap, or US$39.6m). New Risk • Nov 30
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: 0.2% Last year net profit margin: 3.3% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩108.0b market cap, or US$83.2m). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩11,930, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩13,080, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 114% over the past three years. New Risk • Jul 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩122.3b (US$94.1m) 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 Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩122.3b market cap, or US$94.1m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩13,750, the stock trades at a trailing P/E ratio of 71x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,910, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩16,240, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 286% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩15,050, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 332% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩11,110, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,700, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 38% over the past three years. Aankondiging • Sep 09
SP Systems Co.,Ltd. announced that it has received KRW 9.99994604 billion in funding On September 8, 2022, SP Systems Co.,Ltd. closed the transaction. Aankondiging • Jun 30
SP Systems Co.,Ltd. announced that it has received KRW 10 billion in funding On June 29, 2021, SP Systems Co.,Ltd. (KOSDAQ:A317830) closed the transaction. Aankondiging • Jun 26
SP Systems Co.,Ltd. announced that it expects to receive KRW 10 billion in funding SP Systems Co.,Ltd. (KOSDAQ:A317830) announced a private placement of series 1 unregistered non-guaranteed convertible bond for gross proceeds of KRW 10,000,000,000 on June 25, 2021. The transaction will include participation from Naotic Smart 6 Private Equity Joint Venture. The bonds being issued are convertible into 1,281,229 shares of the company representing 13.59% of the total shares at a conversion price of KRW 7,805 per share starting June 29, 2022 till May 29, 2024. The payment date of the transaction is June 29, 2021. The bonds will bear a surface interest rate of 1%. The transaction has been approved by the board of directors of the company. The bonds will mature on June 29, 2024. Is New 90 Day High Low • Jan 19
New 90-day high: ₩6,760 The company is up 14% from its price of ₩5,920 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩20.00 Per Share Will be paid on the 29th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.8%).