New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 26% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩5,150, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 34% over the past three years. Aankondiging • Mar 14
DASAN Networks, Inc., Annual General Meeting, Mar 31, 2026 DASAN Networks, Inc., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Aankondiging • Mar 13
DASAN Networks, Inc. announces Annual dividend DASAN Networks, Inc. announced Annual dividend of KRW 20.0000 per share, ex-date on March 26, 2026 and record date on March 27, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,250, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,780, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 9x in the Communications industry in South Korea. Total loss to shareholders of 11% over the past three years. Aankondiging • May 09
EnGIS Technologies, Inc. agreed to acquire 25.28% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) for KRW 10.2 billion. EnGIS Technologies, Inc. agreed to acquire 25.28% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) for KRW 10.2 billion on May 9, 2025. A cash consideration of KRW 10.23 billion will be paid by EnGIS Technologies, Inc. As part of consideration, KRW 10.23 billion is paid towards common equity of Dmc.Co.,Ltd. Upon completion, EnGIS Technologies, Inc. will own 100% stake in Dmc.Co.,Ltd. The transaction will be financed from Capital increase funds and convertible bond funds.
For the period ending December 31, 2024, Dmc.Co.,Ltd. reported total revenue of KRW 123.48 billion and net income of KRW 6.16 billion. As of December 31, 2024, Dmc.Co.,Ltd. reported total debt of KRW 40.25 billion, total assets of KRW 80.7 billion and total common equity of KRW 40.45 billion.
The expected completion of the transaction is May 9, 2025. Aankondiging • Apr 11
EnGIS Technologies, Inc. completed the acquisition of additional 24.72% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560). EnGIS Technologies, Inc. agreed to acquire additional 24.72% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) for KRW 10.0 billion on April 10, 2025. A cash consideration of KRW 9 billion will be paid by EnGIS Technologies, Inc. As part of consideration, KRW 9 billion is paid towards common equity of Dmc.Co.,Ltd. The transaction will be financed through equity investment of KRW 9 billion.
As of April 10,2025, Dmc.Co.,Ltd. reported total assets of KRW 59.1 billion, total debt of KRW 6.9 billion and total capital of KRW 52.1 billion.
EnGIS Technologies, Inc. completed the acquisition of additional 24.72% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) on April 10, 2025. Reported Earnings • Mar 27
Full year 2024 earnings released: ₩569 loss per share (vs ₩2,456 loss in FY 2023) Full year 2024 results: ₩569 loss per share (improved from ₩2,456 loss in FY 2023). Revenue: ₩337.6b (up 266% from FY 2023). Net loss: ₩21.9b (loss narrowed 77% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 18
DASAN Networks, Inc., Annual General Meeting, Mar 31, 2025 DASAN Networks, Inc., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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 September 2013 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩132.5b market cap, or US$93.1m). Aankondiging • Oct 24
EnGIS Technologies, Inc. completed the acquisition of 49.99% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) and Dasan Solueta Co.,Ltd. (KOSDAQ:A154040). EnGIS Technologies, Inc. agreed to acquire 49.99% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) and Dasan Solueta Co.,Ltd. (KOSDAQ:A154040) for 18.56 billion on October 23, 2024. A cash consideration of KRW 18.56 billion will be paid by EnGIS Technologies, Inc. As part of consideration, KRW 18.56 billion is paid towards common equity of Dmc.Co.,Ltd.
For the period ending December 31, 2023, Dmc.Co.,Ltd. reported total revenue of KRW 114.69 billion and net income of KRW 3.92 billion. As of December 31, 2023, Dmc.Co.,Ltd. reported total debt of KRW 41.53 billion and total assets of KRW 75.45 billion. The expected completion of the transaction is October 23, 2024.
EnGIS Technologies, Inc. completed the acquisition of 49.99% stake in Dmc.Co.,Ltd. from DASAN Networks, Inc. (KOSDAQ:A039560) and Dasan Solueta Co.,Ltd. (KOSDAQ:A154040) on October 23, 2024. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 4.5% 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 4.5% 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 (₩129.4b market cap, or US$97.0m). New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.7b (US$99.7m) 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. This is currently the only risk that has been identified for the company. New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.1b (US$99.8m) 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. This is currently the only risk that has been identified for the company. Aankondiging • Apr 09
An undisclosed buyer agreed to acquire an 51.59% stake in DMC Co. Ltd. from Dasan Solueta Co.,Ltd. (KOSDAQ:A154040) for KRW 17.6 billion DASAN Networks, Inc. (KOSDAQ:A039560) agreed to acquire an 51.59% stake in DMC Co. Ltd. from Dasan Solueta Co.,Ltd. (KOSDAQ:A154040) for KRW 17.6 billion on April 8, 2024. Aankondiging • Apr 07
DASAN Networks, Inc. (KOSDAQ:A039560) completed the acquisition of Asia operations of DZS Inc. from DZS Inc. (NasdaqCM:DZSI) DASAN Networks, Inc. (KOSDAQ:A039560) signed a definitive agreement to acquire Asia operations of DZS Inc. from DZS Inc. (NasdaqCM:DZSI) for $48 million on January 5, 2024. The consideration consists of $5 million of cash and the elimination of approximately $43 million of debt. The transaction is expected to close on March 29, 2024, subject to regulatory approvals and other customary closing conditions. The transaction is expected to close on March 30, 2024.DASAN Networks, Inc. (KOSDAQ:A039560) completed the acquisition of Asia operations of DZS Inc. from DZS Inc. (NasdaqCM:DZSI) on April 5, 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩2,456 loss per share (vs ₩4,053 profit in FY 2022) Full year 2023 results: ₩2,456 loss per share (down from ₩4,053 profit in FY 2022). Revenue: ₩92.3b (up 14% from FY 2022). Net loss: ₩93.4b (down 165% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • Nov 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.8b (US$99.3m) 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: Minor Risks Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (₩134.8b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,400, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 12x in the Communications industry in South Korea. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩4,600, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 11x in the Communications industry in South Korea. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩6,890, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 25% over the past three years. New Risk • Jun 16
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 9.2% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩4,405, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 14x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years. Board Change • Nov 16
Insufficient new directors 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. 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: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors 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. 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: Insufficient board refreshment. Is New 90 Day High Low • Feb 23
New 90-day low: ₩11,300 The company is down 13% from its price of ₩13,000 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: ₩13,800 The company is up 35% from its price of ₩10,250 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩13,700 The company is up 7.0% from its price of ₩12,850 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: ₩10,500 The company is down 10.0% from its price of ₩11,700 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 4.0% over the same period.