Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩11,830, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 28x in the Semiconductor industry in South Korea. Total loss to shareholders of 29% over the past three years. Announcement • Apr 14
RFTech Co., Ltd. (KOSDAQ:A061040) agreed to acquire Eco Volt Co.,Ltd. (KOSDAQ:A097780) from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 51.7 billion. RFTech Co., Ltd. (KOSDAQ:A061040) agreed to acquire Eco Volt Co.,Ltd. (KOSDAQ:A097780) from Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) for KRW 51.7 billion on April 13, 2026. The consideration consists of common equity of RFTech Co., Ltd. at a ratio of 0.405349 per common equity of Eco Volt Co.,Ltd. Upon completion, Eco Volt Co.,Ltd. will dissolve and its shares will be delisted from the stock exchange.
The expected completion of the transaction is July 17, 2026. New Risk • Apr 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩114.7b market cap, or US$76.0m). 
