Aankondiging • Mar 12
Powerlogics Co., Ltd., Annual General Meeting, Mar 25, 2026 Powerlogics Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 163, gwahaksaneop 4-ro, oksan-myeon, heungdeok-gu, chungcheongbuk-do, cheongju South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩4,835, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 21% over the past three years. New Risk • Jan 14
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 9.9% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₩5,700, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 21% over the past three years. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩271 (vs ₩261 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩271 (up from ₩261 loss in 3Q 2024). Revenue: ₩182.9b (down 6.9% from 3Q 2024). Net income: ₩9.91b (up ₩19.4b from 3Q 2024). Profit margin: 5.4% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Nov 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩145.5b (US$99.4m) 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. This is currently the only risk that has been identified for the company. New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.4b (US$97.8m) 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 20% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩144.4b market cap, or US$97.8m). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₩299 (vs ₩472 in FY 2023) Full year 2024 results: EPS: ₩299 (down from ₩472 in FY 2023). Revenue: ₩733.4b (down 5.1% from FY 2023). Net income: ₩10.8b (down 34% from FY 2023). Profit margin: 1.5% (down from 2.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Mar 05
Powerlogics Co., Ltd., Annual General Meeting, Mar 19, 2025 Powerlogics Co., Ltd., Annual General Meeting, Mar 19, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 163, gwahaksaneop 4-ro, oksan-myeon, heungdeok-gu, chungcheongbuk-do, cheongju South Korea New Risk • Dec 16
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 Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Nov 15
Third quarter 2024 earnings released: ₩261 loss per share (vs ₩115 profit in 3Q 2023) Third quarter 2024 results: ₩261 loss per share (down from ₩115 profit in 3Q 2023). Revenue: ₩196.3b (down 11% from 3Q 2023). Net loss: ₩9.54b (down 338% from profit in 3Q 2023). 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. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩5,090, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩127 (vs ₩359 in 1Q 2023) First quarter 2024 results: EPS: ₩127 (down from ₩359 in 1Q 2023). Revenue: ₩194.1b (down 11% from 1Q 2023). Net income: ₩4.53b (down 63% from 1Q 2023). Profit margin: 2.3% (down from 5.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩472 (vs ₩1,437 loss in FY 2022) Full year 2023 results: EPS: ₩472 (up from ₩1,437 loss in FY 2022). Revenue: ₩773.2b (up 3.9% from FY 2022). Net income: ₩16.4b (up ₩65.9b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩115 (vs ₩22.00 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩115 (up from ₩22.00 loss in 3Q 2022). Revenue: ₩220.7b (up 32% from 3Q 2022). Net income: ₩4.01b (up ₩4.84b from 3Q 2022). Profit margin: 1.8% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Buying Opportunity • Aug 21
Now 34% undervalued Over the last 90 days, the stock is up 57%. The fair value is estimated to be ₩16,242, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 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 10% 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 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩359 (vs ₩107 loss in 1Q 2022) First quarter 2023 results: EPS: ₩359 (up from ₩107 loss in 1Q 2022). Revenue: ₩218.5b (down 9.6% from 1Q 2022). Net income: ₩12.3b (up ₩16.0b from 1Q 2022). Profit margin: 5.7% (up from net loss in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 18
Full year 2022 earnings released: ₩1,437 loss per share (vs ₩238 loss in FY 2021) Full year 2022 results: ₩1,437 loss per share (further deteriorated from ₩238 loss in FY 2021). Revenue: ₩743.9b (down 18% from FY 2021). Net loss: ₩49.5b (loss widened ₩41.3b from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2022 earnings released: ₩22.00 loss per share (vs ₩171 profit in 3Q 2021) Third quarter 2022 results: ₩22.00 loss per share (down from ₩171 profit in 3Q 2021). Revenue: ₩166.7b (down 34% from 3Q 2021). Net loss: ₩833.9m (down 114% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to ₩7,500 Down from ₩15,500, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₩5,700. Stock is down 31% over the past year. The company posted a net loss per share of ₩238 last year. Price Target Changed • Apr 27
Price target decreased to ₩8,000 Down from ₩15,500, the current price target is provided by 1 analyst. New target price is 5.7% above last closing price of ₩7,570. Stock is down 9.2% over the past year. The company posted a net loss per share of ₩238 last year. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ₩238 loss per share (up from ₩720 loss in FY 2020). Revenue: ₩908.3b (down 2.0% from FY 2020). Net loss: ₩8.18b (loss narrowed 67% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2021 earnings released: ₩200 loss per share (vs ₩57.00 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: ₩194.2b (down 8.7% from 2Q 2020). Net loss: ₩6.89b (down 449% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Aankondiging • Jul 15
Powerlogics Co., Ltd. announced that it has received KRW 15000 billion in funding On July 13, 2021, Powerlogics Co., Ltd. closed the transaction. Reported Earnings • Mar 20
Full year 2020 earnings released: ₩720 loss per share (vs ₩1,611 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩927.2b (down 16% from FY 2019). Net loss: ₩24.8b (down 145% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 08
New 90-day high: ₩9,440 The company is up 33% from its price of ₩7,080 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 43% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.6% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.8%). Is New 90 Day High Low • Dec 01
New 90-day high: ₩9,400 The company is up 29% from its price of ₩7,300 on 02 September 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ₩10.00 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩307.9b (down 7.2% from 3Q 2019). Net income: ₩341.1m (down 98% from 3Q 2019). Profit margin: 0.1% (down from 6.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Is New 90 Day High Low • Oct 20
New 90-day high: ₩8,900 The company is up 20% from its price of ₩7,420 on 22 July 2020. The South Korean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 26% share price gain to ₩8,900, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 77%. Is New 90 Day High Low • Sep 24
New 90-day low: ₩6,610 The company is down 7.0% from its price of ₩7,130 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 Semiconductor industry, which is up 5.0% over the same period.