Valuation Update With 7 Day Price Move • 2h
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,735, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,470, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 40% over the past three years. New Risk • May 25
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩65.7b market cap, or US$43.2m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩7,820, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩7,200, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. Announcement • Feb 24
INFAC Corporation, Annual General Meeting, Mar 31, 2026 INFAC Corporation, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 1139, cheonho-daero, gangdong-gu, seoul South Korea New Risk • Jan 23
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 11% 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: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₩99.5b market cap, or US$67.8m). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩9,950, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩11,000, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩8,760, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩94.00 (vs ₩17.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩94.00 (up from ₩17.00 loss in 3Q 2024). Revenue: ₩148.6b (up 12% from 3Q 2024). Net income: ₩940.4m (up ₩1.11b from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Sep 17
An undisclosed buyer agreed to acquire an unknown minority stake in Sanhe Infac Automotive Components Co., Ltd from INFAC Corporation (KOSE:A023810) for CNY 69.9 million. An undisclosed buyer agreed to acquire an unknown minority stake in Sanhe Infac Automotive Components Co., Ltd from INFAC Corporation (KOSE:A023810) for CNY 69.9 million on September 15, 2025. A cash consideration of CNY 69.94 million will be paid by the buyer. As part of consideration, CNY 69.94 million is paid towards common equity of Sanhe Infac Automotive Components Co., Ltd. The expected completion of the transaction is October 31, 2025. Announcement • Feb 27
INFAC Corporation, Annual General Meeting, Mar 31, 2025 INFAC Corporation, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 1139, cheonho-daero, gangdong-gu, seoul South Korea New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (₩57.3b market cap, or US$40.8m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩5,910, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 5x in the Auto Components industry in South Korea. Total loss to shareholders of 52% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩1,112 (vs ₩1,320 in FY 2022) Full year 2023 results: EPS: ₩1,112 (down from ₩1,320 in FY 2022). Revenue: ₩542.9b (up 6.0% from FY 2022). Net income: ₩11.1b (down 16% from FY 2022). Profit margin: 2.0% (down from 2.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩180 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.0%). New Risk • Nov 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩87.9b market cap, or US$67.6m). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩8,140, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩10,380, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩12,250, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 179% over the past three years. New Risk • Jul 06
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 8.3% 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 (91% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₩128.0b market cap, or US$97.5m). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩11,250, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩11,000, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 242% over the past three years. 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 ₩8,550, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 9x in the Auto Components industry in South Korea. Total returns to shareholders of 142% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 27 April 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 27 April 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. 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 19% share price decline to ₩10,450, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 14x 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 • Sep 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₩14,550, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩15,250, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 19x in the Auto Components industry in South Korea. Total returns to shareholders of 270% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₩15,300, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 19x in the Auto Components industry in South Korea. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 50% share price gain to ₩12,000, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 24x in the Auto Components industry in South Korea. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₩8,090, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 22x in the Auto Components industry in South Korea. Total returns to shareholders of 84% over the past three years. Announcement • Mar 05
INFAC Corporation, Annual General Meeting, Mar 30, 2021 INFAC Corporation, Annual General Meeting, Mar 30, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day high: ₩7,950 The company is up 70% from its price of ₩4,685 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 49% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩7,240 The company is up 51% from its price of ₩4,785 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩6,650 The company is up 30% from its price of ₩5,120 on 06 October 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 15% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: ₩5,490 The company is up 27% from its price of ₩4,310 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: ₩5,170 The company is up 14% from its price of ₩4,550 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 14% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ₩5,140 The company is up 5.0% from its price of ₩4,910 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 19% over the same period. 
