Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩7,460, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₩5,180, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Electronic industry in South Korea. Total loss to shareholders of 40% over the past year. Aankondiging • Feb 24
WiTS Co., Ltd., Annual General Meeting, Mar 23, 2026 WiTS Co., Ltd., Annual General Meeting, Mar 23, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 35, hyeongje-ro, cheoin-gu, gyeonggi-do, yongin South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 23 April 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Dec 03
Now 21% undervalued Over the last 90 days, the stock has risen 15% to ₩7,400. The fair value is estimated to be ₩9,386, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 531% in the next 2 years. Declared Dividend • Nov 08
Dividend of ₩300 announced Dividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 23rd April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is not covered by earnings (239% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 166% to bring the payout ratio under control. EPS is expected to grow by 214% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Nov 07
WiTS Co., Ltd. announces Annual dividend, payable on April 23, 2026 WiTS Co., Ltd. announced Annual dividend of KRW 300.0000 per share payable on April 23, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Aankondiging • Oct 31
WiTS Co., Ltd. announced that it expects to receive KRW 5.45034 billion in funding from GS Energy Corporation, GS Neotek Co., Ltd. WiTS Co., Ltd. announced a private placement to issue 665,000 shares at an issue price of KRW 8,196 per share for gross proceeds of KRW 5,450,340,000 on October 30, 2025. The transaction will include participation from GS Energy Corporation 565,250 shares and GS Neotek Co., Ltd. 99,750 shares. The transaction has been approved by shareholders, expected to close on November 14, 2025 and restricted to a hold period. Buy Or Sell Opportunity • Oct 30
Now 25% undervalued Over the last 90 days, the stock has risen 18% to ₩7,990. The fair value is estimated to be ₩10,596, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last year. Earnings per share has declined by 75%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 544% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩7,550, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in South Korea. New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 279% Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩81.3b market cap, or US$58.6m). Aankondiging • Aug 23
WiTS Co., Ltd. announced that it has received KRW 24 billion in funding from Synergy-Premier Mezzanine Blind No. 1 New Technology Business Investment Fund, KB Securities Co., Ltd., Mirae Asset Securities Co., Ltd., NH Investment & Securities Co., Ltd., Samsung Securities Co.,Ltd., Shinhan Investment & Securities Co., Ltd. On August 22, 2025. WiTS Co., Ltd. announced that it has closed the transaction. New Risk • May 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 276% Paying a dividend despite having no free cash flows. High level of non-cash earnings (34% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩84.0b market cap, or US$60.8m). Buy Or Sell Opportunity • Apr 10
Now 26% overvalued Over the last 90 days, the stock has fallen 34% to ₩6,270. The fair value is estimated to be ₩4,964, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,700, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 11x in the Electronic industry in South Korea. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩146 (vs ₩750 in FY 2023) Full year 2024 results: EPS: ₩146 (down from ₩750 in FY 2023). Revenue: ₩90.8b (down 8.8% from FY 2023). Net income: ₩1.55b (down 80% from FY 2023). Profit margin: 1.7% (down from 7.6% in FY 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩9,320, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 17x in the Electronic industry in South Korea. Aankondiging • Feb 18
WiTS Co., Ltd., Annual General Meeting, Mar 24, 2025 WiTS Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 35, hyeongje-ro, namsa-eup, cheoin-gu, gyeonggi-do, yongin South Korea Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩10,910, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 13x in the Electronic industry in South Korea.