Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,070, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 57% over the past three years. New Risk • Apr 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩6.3b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-₩6.3b free cash flow). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩45.3b market cap, or US$30.0m). Announcement • Mar 17
Fine besteel. Co., Ltd., Annual General Meeting, Mar 31, 2026 Fine besteel. Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 10, gwangjang-ro, sasang-gu, busan South Korea