Announcement • Feb 24
Austem Company Ltd., Annual General Meeting, Mar 27, 2026 Austem Company Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 739, susin-ro, susin-myeon, dongnam-gu, chungcheongnam-do, cheonan South Korea New Risk • Nov 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 35% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩26.0b market cap, or US$17.6m). New Risk • Mar 27
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.6% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩28.2b market cap, or US$19.2m). Announcement • Feb 27
Austem Company Ltd., Annual General Meeting, Mar 27, 2025 Austem Company Ltd., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 739, susin-ro, susin-myeon, dongnam-gu, chungcheongnam-do, cheonan South Korea Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩321 loss per share (vs ₩259 profit in 3Q 2023) Third quarter 2024 results: ₩321 loss per share (down from ₩259 profit in 3Q 2023). Revenue: ₩22.3b (down 34% from 3Q 2023). Net loss: ₩8.57b (down 224% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Sep 17
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 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 (₩36.0b market cap, or US$27.3m). Announcement • Sep 02
Austem Company Ltd. (KOSDAQ:A031510) announces an Equity Buyback for KRW 2,000 million worth of its shares. Austem Company Ltd. (KOSDAQ:A031510) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with MIRAE ASSET SECURITIES.CO., LTD. The purpose of the share repurchase is to stabilize the stock prices. The repurchase program will expire on September 2, 2025. As of September 1, 2024, the company had 1,350,000 shares within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩325 (vs ₩510 loss in FY 2022) Full year 2023 results: EPS: ₩325 (up from ₩510 loss in FY 2022). Revenue: ₩142.0b (up 28% from FY 2022). Net income: ₩8.65b (up ₩22.2b from FY 2022). Profit margin: 6.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 2.5% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.0%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩259 (vs ₩115 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩259 (up from ₩115 loss in 3Q 2022). Revenue: ₩33.8b (up 3.3% from 3Q 2022). Net income: ₩6.91b (up ₩10.0b from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.3%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Is New 90 Day High Low • Jan 27
New 90-day high: ₩3,355 The company is up 16% from its price of ₩2,890 on 29 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 41% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩20.00 Per Share Will be paid on the 14th of May to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.7%). Is New 90 Day High Low • Dec 22
New 90-day low: ₩2,760 The company is down 14% from its price of ₩3,205 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 13% over the same period. Announcement • Sep 23
Austem Company Ltd. announced that it has received KRW 4.61 billion in funding from Bodyfriend Co., Ltd. On September 22, 2020, Austem Company Ltd. (KOSDAQ:A031510) closed the transaction. Announcement • Sep 09
Austem Company Ltd. announced that it expects to receive KRW 4.61 billion in funding from Bodyfriend Co., Ltd. Austem Company Ltd. (KOSDAQ:A031510) announced a private placement to issue 2,000,000 common shares of par value KRW 500 at a price of KRW 2,305 per share for gross proceeds of KRW 4,610,000,000 on September 9, 2020. The transaction will include participation from new investor Bodyfriend Co., Ltd. The transaction is expected to close on September 22, 2020 and the listing date of shares is October 14, 2020. The transaction has been approved by the board of directors of the company. The shares are being issued at a premium through a third party allocation method and are subject to a hold period of one year from the date of issuance. The total number of issued shares are 26,000,000 shares.