New Risk • Apr 22
New major risk - Revenue and earnings growth Earnings have declined by 38% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: ₩1,522 loss per share (down from ₩399 profit in FY 2024). Revenue: ₩321.2b (down 14% from FY 2024). Net loss: ₩41.4b (down 475% from profit in FY 2024). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 71%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Mar 12
WiSoL CO.,LTD. (KOSDAQ:A122990) announces an Equity Buyback for KRW 7,000 million worth of its shares. WiSoL CO.,LTD. (KOSDAQ:A122990) announces a share repurchase program. Under the program, the company will repurchase up to KRW 7,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is burning of own shares and enhancing shareholder value. The program will expire on September 30, 2026. As of March 11, 2026, the company had 0 and 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively. Declared Dividend • Feb 26
Dividend of ₩500 announced Shareholders will receive a dividend of ₩500. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 6.8%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Aankondiging • Feb 25
WiSoL CO.,LTD., Annual General Meeting, Mar 26, 2026 WiSoL CO.,LTD., Annual General Meeting, Mar 26, 2026, at 13:00 Tokyo Standard Time. Location: conference room, 28-40, gajangsaneopdong-ro, gyeonggi-do, osan South Korea New Risk • Jan 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩143.7b (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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩143.7b market cap, or US$99.3m). Major Estimate Revision • Sep 25
Consensus EPS estimates fall by 108% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩361.4m to ₩337.7m. Losses expected to increase from ₩428 per share to ₩890. Electronic industry in South Korea expected to see average net income growth of 43% next year. Consensus price target down from ₩8,000 to ₩6,500. Share price was steady at ₩5,890 over the past week. Price Target Changed • Sep 24
Price target decreased by 24% to ₩6,500 Down from ₩8,600, the current price target is an average from 2 analysts. New target price is 10.0% above last closing price of ₩5,910. Stock is down 6.3% over the past year. The company is forecast to post a net loss per share of ₩890 compared to earnings per share of ₩399 last year. Reported Earnings • Aug 19
Second quarter 2025 earnings released: ₩502 loss per share (vs ₩239 profit in 2Q 2024) Second quarter 2025 results: ₩502 loss per share (down from ₩239 profit in 2Q 2024). Revenue: ₩78.0b (down 16% from 2Q 2024). Net loss: ₩13.8b (down 309% from profit in 2Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 17
WiSoL CO.,LTD. (KOSDAQ:A122990) announces an Equity Buyback for KRW 6,500 million worth of its shares. WiSoL CO.,LTD. (KOSDAQ:A122990) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,500 million worth of its shares pursuant to a contract with SAMSUNG SECURITIES CO.,LTD. The purpose of the program is burning of own shares and enhancing shareholder value. The program will expire on October 22, 2025. As of April 15, 2025, the company had 0 and 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively. New Risk • Apr 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 102% Dividend yield: 8.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩399 (down from ₩477 in FY 2023). Revenue: ₩375.0b (up 1.4% from FY 2023). Net income: ₩11.0b (down 16% from FY 2023). Profit margin: 2.9% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 75%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 16% per year. Upcoming Dividend • Mar 21
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.2%). Declared Dividend • Feb 28
Dividend increased to ₩500 Dividend of ₩500 is 100% higher than last year. Ex-date: 28th March 2025 Payment date: 1st January 1970 Dividend yield will be 7.8%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (18% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Major Estimate Revision • Jan 03
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩740 to ₩661 per share. Revenue forecast steady at ₩373.8m. Net income forecast to grow 114% next year vs 36% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩8,600 to ₩7,600. Share price was steady at ₩5,190 over the past week. New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.1b (US$96.4m) 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Market cap is less than US$100m (₩138.1b market cap, or US$96.4m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: ₩179 loss per share (vs ₩112 profit in 3Q 2023) Third quarter 2024 results: ₩179 loss per share (down from ₩112 profit in 3Q 2023). Revenue: ₩86.0b (down 13% from 3Q 2023). Net loss: ₩4.97b (down 260% from profit in 3Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 15
Price target decreased by 7.9% to ₩8,600 Down from ₩9,333, the current price target is an average from 3 analysts. New target price is 50% above last closing price of ₩5,740. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₩740 for next year compared to ₩477 last year. Price Target Changed • Sep 24
Price target decreased by 9.7% to ₩9,333 Down from ₩10,333, the current price target is an average from 3 analysts. New target price is 47% above last closing price of ₩6,330. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of ₩779 for next year compared to ₩477 last year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩239 (vs ₩208 in 2Q 2023) Second quarter 2024 results: EPS: ₩239 (up from ₩208 in 2Q 2023). Revenue: ₩92.9b (up 9.6% from 2Q 2023). Net income: ₩6.62b (up 15% from 2Q 2023). Profit margin: 7.1% (up from 6.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₩6,820. The fair value is estimated to be ₩8,733, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 140% in the next 2 years. Buy Or Sell Opportunity • Jul 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₩7,610. The fair value is estimated to be ₩9,545, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 138% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 14% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to ₩8,110. The fair value is estimated to be ₩9,460, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 138% in the next 2 years. Buy Or Sell Opportunity • Jun 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to ₩7,860. The fair value is estimated to be ₩10,144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 127% in the next 2 years. Buy Or Sell Opportunity • Jun 12
Now 20% undervalued Over the last 90 days, the stock has risen 3.6% to ₩8,070. The fair value is estimated to be ₩10,146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 127% in the next 2 years. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued Over the last 90 days, the stock has risen 8.0% to ₩8,330. The fair value is estimated to be ₩10,416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Price Target Changed • Mar 28
Price target increased by 8.4% to ₩10,333 Up from ₩9,533, the current price target is an average from 3 analysts. New target price is 25% above last closing price of ₩8,250. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₩863 for next year compared to ₩477 last year. Major Estimate Revision • Mar 28
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩393.0m to ₩420.3m. EPS estimate increased from ₩723 to ₩863 per share. Net income forecast to grow 84% next year vs 35% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩9,533 to ₩10,333. Share price rose 5.9% to ₩8,250 over the past week. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩112 (vs ₩164 in 3Q 2022) Third quarter 2023 results: EPS: ₩112 (down from ₩164 in 3Q 2022). Revenue: ₩98.7b (up 32% from 3Q 2022). Net income: ₩3.11b (down 35% from 3Q 2022). Profit margin: 3.2% (down from 6.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jul 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be ₩7,967, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Mar 31
Price target decreased by 9.0% to ₩9,250 Down from ₩10,167, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ₩7,060. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₩169 next year compared to a net loss per share of ₩534 last year. Reported Earnings • Mar 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₩534 loss per share (down from ₩780 profit in FY 2021). Revenue: ₩345.9b (down 6.7% from FY 2021). Net loss: ₩14.8b (down 169% from profit in FY 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ₩380 to ₩690. Revenue forecast steady at ₩349.8m. Net income forecast to shrink 18% next year vs 13% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩12,333 to ₩10,167. Share price was steady at ₩7,030 over the past week. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,700, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 51% over the past three years. Major Estimate Revision • Sep 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩362.0m to ₩352.5m. EPS estimate rose from ₩342 to ₩380. Net income forecast to shrink 39% next year vs 24% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩13,667 to ₩12,333. Share price fell 4.0% to ₩8,000 over the past week. Price Target Changed • Sep 13
Price target decreased to ₩13,667 Down from ₩15,300, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩8,530. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩342 for next year compared to ₩780 last year. Major Estimate Revision • Jul 14
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩422.0m to ₩380.0m. EPS estimate also fell from ₩765 per share to ₩541 per share. Net income forecast to grow 2.8% next year vs 50% growth forecast for Electronic industry in South Korea. Consensus price target of ₩15,500 unchanged from last update. Share price was steady at ₩8,370 over the past week. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩410.5m to ₩422.0m. EPS estimate fell from ₩906 to ₩765 per share. Net income forecast to grow 1.9% next year vs 40% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩15,300 to ₩14,900. Share price fell 3.7% to ₩10,500 over the past week. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 2.4%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Price Target Changed • Aug 06
Price target decreased to ₩16,750 Down from ₩18,500, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ₩13,050. Stock is down 20% over the past year. Price Target Changed • Jun 11
Price target decreased to ₩17,600 Down from ₩19,833, the current price target is an average from 5 analysts. New target price is 40% above last closing price of ₩12,600. Stock is down 3.8% over the past year. Major Estimate Revision • Jun 05
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ₩1,166 to ₩950. Revenue forecast unchanged from ₩387.7m at last update. Net income forecast to grow 301% next year vs 94% growth forecast for Electronic industry in South Korea. Consensus price target of ₩18,500 unchanged from last update. Share price was steady at ₩12,750 over the past week. Major Estimate Revision • May 28
Consensus EPS estimates fall to ₩950 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩402.9m to ₩387.7m. EPS estimate also fell from ₩1,251 to ₩950. Net income forecast to grow 914% next year vs 96% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩20,369 to ₩19,000. Share price rose 3.3% to ₩12,500 over the past week. Price Target Changed • Apr 08
Price target decreased to ₩19,786 Down from ₩21,688, the current price target is an average from 5 analysts. New target price is 52% above last closing price of ₩13,000. Stock is up 23% over the past year. Is New 90 Day High Low • Feb 22
New 90-day low: ₩14,750 The company is down 8.0% from its price of ₩16,100 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩31,413 per share. Is New 90 Day High Low • Jan 31
New 90-day low: ₩14,850 The company is down 1.0% from its price of ₩14,950 on 02 November 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 47% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩31,818 per share. Major Estimate Revision • Dec 31
Analysts lower EPS estimates to ₩554 The 2020 consensus revenue estimate was lowered from ₩356.4m to ₩351.6m. Earning per share (EPS) estimate was also lowered from ₩643 to ₩554 for the same period. Net income is expected to grow by 495% next year compared to 88% growth forecast for the Electronic industry in South Korea. The consensus price target of ₩22,313 was unchanged from the last update. Share price is up 6.0% to ₩16,800 over the past week. Is New 90 Day High Low • Dec 30
New 90-day high: ₩16,800 The company is up 6.0% from its price of ₩15,900 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩31,881 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.6% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.5%). Price Target Changed • Nov 18
Price target raised to ₩21,188 Up from ₩19,429, the current price target is an average from 8 analysts. The new target price is 39% above the current share price of ₩15,250. As of last close, the stock is up 0.7% over the past year. Price Target Changed • Oct 11
Price target raised to ₩21,167 Up from ₩19,429, the current price target is an average from 7 analysts. The new target price is 29% above the current share price of ₩16,400. As of last close, the stock is up 17% over the past year.