Valuation Update With 7 Day Price Move • 9h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩6,210, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩7,400, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩9,200, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 52% over the past three years. New Risk • Mar 11
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 12% 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 High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩6,840, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 10.0% over the past three years. Announcement • Feb 27
Sungwoo Hitech Co., Ltd., Annual General Meeting, Mar 27, 2026 Sungwoo Hitech Co., Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 50, sojugongdan 3-gil, gyeongsangnam-do, yangsan South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Payout ratio is a comfortable 6.5% and the cash payout ratio is 87%. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩7,210, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 38% over the past three years. Declared Dividend • Nov 08
Dividend of ₩150 announced Dividend of ₩150 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 8 years ago. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Sungwoo Hitech Co., Ltd. announces Annual dividend, payable on April 16, 2026 Sungwoo Hitech Co., Ltd. announced Annual dividend of KRW 150.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,530, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 31% over the past three years. Board Change • Sep 01
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. 4 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. 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. New Risk • May 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,220, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 35% over the past three years. Announcement • Feb 27
Sungwoo Hitech Co., Ltd., Annual General Meeting, Mar 28, 2025 Sungwoo Hitech Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 50, sojugongdan 3-gil, gyeongsangnam-do, yangsan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%). New Risk • Dec 09
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Nov 14
Dividend of ₩150 announced Shareholders will receive a dividend of ₩150. Ex-date: 27th December 2024 Payment date: 16th April 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has remained flat since 7 years ago. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩6,100, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 8.1% over the past three years. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩2,128 (vs ₩535 in FY 2022) Full year 2023 results: EPS: ₩2,128 (up from ₩535 in FY 2022). Revenue: ₩4.32t (up 8.7% from FY 2022). Net income: ₩170.2b (up 298% from FY 2022). Profit margin: 3.9% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩9,950, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 25% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.0%). New Risk • Aug 26
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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by cash flows (183% cash payout ratio). Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). New Risk • Jul 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to ₩13,520, the stock trades at a trailing P/E ratio of 19.8x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 420% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩10,190, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 255% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩9,440, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 228% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,840, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 231% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩487 (vs ₩562 in FY 2021) Full year 2022 results: EPS: ₩487 (down from ₩562 in FY 2021). Revenue: ₩3.98t (up 19% from FY 2021). Net income: ₩38.9b (down 13% from FY 2021). Profit margin: 1.0% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,230, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.3%). 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. 4 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 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₩5,130, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,650, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 10x in the Auto Components industry in South Korea. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₩5,560, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 54% over the past three years. Buying Opportunity • Jun 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be ₩5,584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. 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. 4 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 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩5,040, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS ₩88.00 (vs ₩203 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩826.8b (up 51% from 2Q 2020). Net income: ₩7.01b (up ₩23.2b from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 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 73 percentage points per year, which is a significant difference in performance. Reported Earnings • May 23
First quarter 2021 earnings released: EPS ₩281 (vs ₩337 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩822.2b (up 20% from 1Q 2020). Net income: ₩22.5b (up ₩49.4b from 1Q 2020). Profit margin: 2.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2020 earnings released: ₩651 loss per share (vs ₩492 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩2.97t (down 12% from FY 2019). Net loss: ₩52.1b (down 232% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 08
New 90-day high: ₩7,090 The company is up 84% from its price of ₩3,855 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: ₩5,220 The company is up 59% from its price of ₩3,280 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 20% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩80.00 Per Share Will be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.1% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (1.7%). Reported Earnings • Nov 22
Third quarter 2020 earnings released: ₩59.00 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ₩764.2b (down 2.0% from 3Q 2019). Net loss: ₩4.72b (loss widened ₩4.71b from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 17
New 90-day high: ₩4,160 The company is up 43% from its price of ₩2,900 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ₩3,700 The company is up 35% from its price of ₩2,750 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period.