Aankondiging • Mar 14
HFR, Inc., Annual General Meeting, Mar 27, 2026 HFR, Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 40, geumto-ro 80beon-gil, sujeong-gu, gyeonggi-do, seongnam South Korea New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 2.6% 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 2.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩14,690, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 15x 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 • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,110, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 16x in the Communications industry in South Korea. Total loss to shareholders of 37% over the past three years. New Risk • Oct 15
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 High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩18,160, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 15x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years. Aankondiging • Sep 20
An undisclosed buyer agreed to acquire 30% stake in H1 Radio Co., Ltd. from HFR, Inc. (KOSDAQ:A230240) for KRW 13.2 billion. An undisclosed buyer agreed to acquire 30% stake in H1 Radio Co., Ltd. from HFR, Inc. (KOSDAQ:A230240) for KRW 13.2 billion on September 18, 2025. As part of acquisition, 847,500 shares will be acquired. After completion, HFR, Inc will hold 64.2% stake in H1 Radio.
The transaction is expected to complete on October 15, 2025. Aankondiging • Mar 13
HFR, Inc., Annual General Meeting, Mar 27, 2025 HFR, Inc., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 164, yanghyeon-ro, bundang-gu, gyeonggi-do, seongnam South Korea Aankondiging • Feb 18
HFR, Inc. to Showcase Satellite and Private 5G Networking Solutions At Mwc 2025 HFR, Inc. announced its participation in MWC 2025, taking place in Barcelona, Spain, from March 3 to 6, 2025. At this year's MWC showcase, HFR will introduce a new solution under the slogan "Space to Enterprise Connect". This innovative approach integrates Private 5G with low Earth orbit (LEO) satellite communications, enabling enterprises, public institutions, and government agencies to deploy and operate Private 5G networks even in areas without traditional fiber-optic infrastructure. This is made possible through HFR's my5GBox®?, which seamlessly connects to LEO satellite services. With just a power connection, businesses can access Private 5G, Wi-Fi, and IoT services anytime, anywhere. HFR is also presenting a business model designed to enhance the productivity and global competitiveness of Korean small and medium-sized enterprises (SMEs) through AI-driven digital transformation. By localizing its my5G®? solution in collaboration with multiple SMEs, HFR offers customized, cost-effective connectivity solutions that seamlessly integrate various applications and devices. Additionally, HFR will introduce its ongoing 5G NTN (Non-Terrestrial Network) developments, AI-RAN technology as a foundation for 6G, and C-V2X-supported RAN solutions for autonomous driving and traffic optimization. The company will showcase case studies demonstrating how Private 5G networks can be utilized within corporate facilities, to enhance network connectivity, social communication, information exchange, online collaboration, security management, automation, and unmanned operations. The showcase will also highlight successful Private 5G deployments across various industry sectors, including: healthcare, education, construction, transportation and utilities. Upcoming Dividend • Dec 20
Upcoming dividend of ₩220 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.7%). Aankondiging • Nov 26
HFR, Inc. (KOSDAQ:A230240) announces an Equity Buyback for KRW 3,000 million worth of its shares. HFR, Inc. (KOSDAQ:A230240) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Samsung Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 2, 2025. As of November 25, 2024 the company had 183,759 shares in treasury within scope available for dividend and had 1,467 shares in treasury through other repurchase. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩116.9b (US$85.7m) 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. 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 (₩116.9b market cap, or US$85.7m). Buy Or Sell Opportunity • Feb 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₩15,740. The fair value is estimated to be ₩20,070, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Dec 21
HFR, Inc. Introduces Smart Distribution and Storage Solutions for Agriculture Logistics Powered by Private 5G HFR, Inc. has deployed an end-to-end Private 5G network for the "Smart Agricultural Product Distribution and Storage Technology Development Project" sponsored by the Korea Communications Agency (KCA). This project aims to develop automated agricultural product sorting and packaging solutions using robotics, sensors, autonomous vehicles and 5G connectivity. These solutions offer enhanced capabilities and improved operations across multi-variety crop processing at a fresh agricultural product fulfillment and distribution center. The completion of Phase I included automatic sorting and packaging, as well as environmental control optimization throughout the Private 5G network. Phase II is under planning to promote further commercialization, additional features, and technology advancements targeted to be introduced in 2024 to 2026. HFR built this Private 5G network based on its own technologies. Performance testing and certification were conducted by an accredited testing institution last October with the KCA. New Risk • Nov 29
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: 4.5% Last year net profit margin: 21% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,250, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩20,600, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩26,450, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 12x in the Communications industry in South Korea. Total loss to shareholders of 9.2% over the past three years. New Risk • Jul 28
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 8.2% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩22,500, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩20,150, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 23x in the Communications industry in Asia. Total loss to shareholders of 39% over the past three years. Aankondiging • Jun 09
HFR, Inc. (KOSDAQ:A230240) announces an Equity Buyback for KRW 4,100 million worth of its shares. HFR, Inc. (KOSDAQ:A230240) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,100 million worth of its shares pursuant to a contract with Samsung Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on December 11, 2023. As of June 7, 2023 the company had 49,000 shares in treasury within scope available for dividend and had 1,467 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩29,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩30,050, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Communications industry in South Korea. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₩36,650, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Communications industry in Asia. Total returns to shareholders of 37% over the past three years. Major Estimate Revision • Aug 19
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩286.7m to ₩311.0m. EPS estimate increased from ₩2,529 to ₩3,270 per share. Net income forecast to grow 62% next year vs 44% growth forecast for Communications industry in South Korea. Consensus price target down from ₩50,000 to ₩48,000. Share price rose 5.7% to ₩36,350 over the past week. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₩27,450, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Communications industry in Asia. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩26,700, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Communications industry in Asia. Total returns to shareholders of 22% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩50,000 Up from ₩41,000, the current price target is provided by 1 analyst. New target price is 47% above last closing price of ₩33,950. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₩2,516 for next year compared to ₩1,441 last year. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 26% share price gain to ₩39,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Communications industry in Asia. Total returns to shareholders of 197% over the past three years. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ₩1,029 (vs ₩301 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩58.0b (up 205% from 3Q 2020). Net income: ₩13.2b (up ₩16.8b from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day low: ₩25,250 The company is down 11% from its price of ₩28,300 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 • Feb 01
New 90-day low: ₩26,850 The company is down 5.0% from its price of ₩28,150 on 03 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 17% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ₩301 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₩19.0b (down 59% from 3Q 2019). Net loss: ₩3.60b (down 188% from profit in 3Q 2019). Is New 90 Day High Low • Oct 19
New 90-day low: ₩28,400 The company is down 23% from its price of ₩37,100 on 21 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 flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩168,971 per share.