Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,839, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 18x in the Wireless Telecom industry in Asia. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩2,155, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 9.8% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩2,675, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 18x in the Wireless Telecom industry in Asia. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩1,846, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total loss to shareholders of 8.7% over the past three years. Aankondiging • Mar 04
Wiable Corp., Annual General Meeting, Mar 30, 2026 Wiable Corp., Annual General Meeting, Mar 30, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 28, beobwon-ro 11-gil, songpa-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 April 2026. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (3.3%). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th April 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 07
Wiable Corp. announces Annual dividend, payable on April 30, 2026 Wiable Corp. announced Annual dividend of KRW 50.0000 per share payable on April 30, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • May 23
New major risk - Revenue and earnings growth Revenue has declined by 5.5% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 5.5% over the past year. Minor Risk Market cap is less than US$100m (₩61.5b market cap, or US$44.8m). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩63.00 (vs ₩49.00 in FY 2023) Full year 2024 results: EPS: ₩63.00 (up from ₩49.00 in FY 2023). Revenue: ₩79.4b (up 9.5% from FY 2023). Net income: ₩2.99b (up 28% from FY 2023). Profit margin: 3.8% (up from 3.2% in FY 2023). Aankondiging • Mar 01
Wiable Corp., Annual General Meeting, Mar 31, 2025 Wiable Corp., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 28, beobwon-ro 11-gil, songpa-gu, seoul South Korea Board Change • Dec 31
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. 12 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. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (3.6%). 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 (₩62.6b market cap, or US$43.6m). New Risk • Dec 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩59.2b market cap, or US$41.6m). Reported Earnings • Dec 02
Third quarter 2024 earnings released: EPS: ₩12.00 (vs ₩15.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩12.00 (down from ₩15.00 in 3Q 2023). Revenue: ₩13.5b (down 21% from 3Q 2023). Net income: ₩597.0m (down 18% from 3Q 2023). Profit margin: 4.4% (up from 4.3% in 3Q 2023). New Risk • Sep 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 Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩68.2b market cap, or US$52.3m). New Risk • Apr 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩90.4b market cap, or US$65.7m). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩49.00 (vs ₩51.00 in FY 2022) Full year 2023 results: EPS: ₩49.00 (down from ₩51.00 in FY 2022). Revenue: ₩72.6b (up 13% from FY 2022). Net income: ₩2.34b (down 3.9% from FY 2022). Profit margin: 3.2% (down from 3.8% in FY 2022). New Risk • Jan 17
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩118.0b market cap, or US$87.7m). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,135, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total loss to shareholders of 50% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.3%). New Risk • Dec 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩92.1b market cap, or US$70.5m). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,170, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 22x in the Wireless Telecom industry in Asia. Total loss to shareholders of 56% over the past three years. New Risk • Jun 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 9.0% 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 Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (9.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩2,650, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total loss to shareholders of 47% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 04 April 2023. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.8%). 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. 12 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. 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 ₩2,035, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total loss to shareholders of 49% over the past three years. 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 ₩2,265, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩2,420, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,365, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total loss to shareholders of 35% over the past three years. 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. 12 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. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩2,420, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total loss to shareholders of 8.8% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 05 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Wiable since going public. The average dividend yield among industry peers is 4.5%. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₩3,325, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 23x in the Wireless Telecom industry in Asia. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,420, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 18x in the Wireless Telecom industry in Asia. Total returns to shareholders of 22% over the past three years. Is New 90 Day High Low • Feb 28
New 90-day low: ₩4,330 The company is down 1.0% from its price of ₩4,360 on 30 November 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩4,785 The company is up 8.0% from its price of ₩4,415 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: ₩4,235 The company is down 18% from its price of ₩5,180 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is flat over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩4,405 The company is down 16% from its price of ₩5,240 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 3.0% over the same period.