New Risk • Apr 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Earnings have declined by 59% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩42.9b market cap, or US$28.4m). New Risk • Mar 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 12% 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 Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩42.7b market cap, or US$28.5m). Aankondiging • Feb 21
PIMS Inc., Annual General Meeting, Mar 30, 2026 PIMS Inc., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 15, namdongdong-ro 138beon-gil, namdong-gu, incheon South Korea New Risk • Sep 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩49.1b market cap, or US$35.2m). New Risk • Aug 13
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 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩51.7b market cap, or US$37.5m). Aankondiging • Feb 22
PIMS Inc., Annual General Meeting, Mar 31, 2025 PIMS Inc., Annual General Meeting, Mar 31, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 15, namdongdong-ro 138beon-gil, namdong-gu, incheon 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 Market cap is less than US$100m (₩41.6b market cap, or US$29.0m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: ₩49.00 loss per share (vs ₩149 profit in 2Q 2023) Second quarter 2024 results: ₩49.00 loss per share (down from ₩149 profit in 2Q 2023). Revenue: ₩16.8b (down 45% from 2Q 2023). Net loss: ₩1.11b (down 133% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩2,165, the stock trades at a trailing P/E ratio of 51.3x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩3,360, the stock trades at a trailing P/E ratio of 79.6x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total loss to shareholders of 49% over the past three years. New Risk • Jun 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 7.6% 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 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₩77.7b market cap, or US$56.3m). Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩2,995, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 54% over the past three years. Reported Earnings • May 18
First quarter 2024 earnings released: ₩28.00 loss per share (vs ₩52.00 profit in 1Q 2023) First quarter 2024 results: ₩28.00 loss per share (down from ₩52.00 profit in 1Q 2023). Revenue: ₩14.2b (down 39% from 1Q 2023). Net loss: ₩637.5m (down 153% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩123 (vs ₩82.00 in FY 2022) Full year 2023 results: EPS: ₩123 (up from ₩82.00 in FY 2022). Revenue: ₩85.3b (up 1.7% from FY 2022). Net income: ₩2.80b (up 53% from FY 2022). Profit margin: 3.3% (up from 2.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩5,220, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 3.6% over the past three years. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩17.00 (vs ₩168 in 3Q 2022) Third quarter 2023 results: EPS: ₩17.00 (down from ₩168 in 3Q 2022). Revenue: ₩19.3b (down 9.8% from 3Q 2022). Net income: ₩399.2m (down 68% from 3Q 2022). Profit margin: 2.1% (down from 5.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,310, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 22% over the past year. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (₩132.0b market cap, or US$99.5m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ₩448 (vs ₩267 in 2Q 2022) Second quarter 2023 results: EPS: ₩448 (up from ₩267 in 2Q 2022). Revenue: ₩30.4b (up 35% from 2Q 2022). Net income: ₩3.41b (up 72% from 2Q 2022). Profit margin: 11% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 19
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 8.0% 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 (8.0% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,980, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩16,970, the stock trades at a trailing P/E ratio of 70.5x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩13,960, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 10x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₩10,200, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 70% over the past year. Price Target Changed • Nov 16
Price target decreased to ₩21,000 Down from ₩35,000, the current price target is provided by 1 analyst. New target price is 102% above last closing price of ₩10,400. Stock is down 61% over the past year. The company is forecast to post earnings per share of ₩1,017 for next year compared to ₩977 last year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩9,520, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩10,150, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 57% over the past year. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₩267 (vs ₩376 in 2Q 2021) Second quarter 2022 results: EPS: ₩267 (down from ₩376 in 2Q 2021). Revenue: ₩22.6b (up 29% from 2Q 2021). Net income: ₩1.99b (down 29% from 2Q 2021). Profit margin: 8.8% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,500, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩15,450, the stock trades at a trailing P/E ratio of 24.7x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩22,500, the stock trades at a trailing P/E ratio of 31.7x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩27,200, the stock trades at a trailing P/E ratio of 38.3x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₩34,550, the stock trades at a trailing P/E ratio of 48.7x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 110% over the past year. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₩28,600, the stock trades at a trailing P/E ratio of 38.8x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 25% share price gain to ₩26,400, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₩18,550, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 23x in the Semiconductor industry in South Korea. Aankondiging • Feb 20
PIMS Inc., Annual General Meeting, Mar 29, 2021 PIMS Inc., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 25% share price gain to ₩18,500, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 22x in the Electronic industry in South Korea.