Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩8,900, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 131% over the past three years. New Risk • May 21
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: 4.2% Last year net profit margin: 6.1% 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 Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (₩121.2b market cap, or US$80.5m). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩12,850, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 273% over the past three years. New Risk • Apr 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.4% 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 (5.4% operating cash flow to total debt). 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 (₩127.1b market cap, or US$84.3m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₩10,300, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 23x in the Machinery industry in South Korea. Total returns to shareholders of 177% over the past three years. Announcement • Feb 14
SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 31, 2026 SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 40, gongdanseo-gil, chilseo-myeon, haman-gun, gyeongsangnam-do, South Korea Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩15,900, the stock trades at a trailing P/E ratio of 22.5x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 351% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩14,060, the stock trades at a trailing P/E ratio of 19.9x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 265% over the past three years. Announcement • Nov 20
SAMYOUNG M-Tek Co., Ltd announced that it expects to receive KRW 4.7 billion in funding from Shinhan Investment & Securities Co., Ltd. and other investors SAMYOUNG M-Tek Co., Ltd announced a private placement of series 3 bearer convertible bonds with unsecured warrants for gross proceeds of KRW 4,700,000,000 on November 19, 2025. The transaction will include participation from Shinhan TheCredit2 General Private Equity Mixed Asset Investment Trust advised by Hana Bank for KRW 1,000,000,000; Shinhan TheCredit3 General Private Equity Investment Trust advised by Hana Bank for KRW 1,300,000,000; NH Absolute Return General Private Equity Trust No. 1 advised by Samsung Securities Co.,Ltd. for KRW 200,000,000; Fine Value KOSDAQ Venture M Plus No. 1 General Private Equity Investment Trust advised by for NH Investment & Securities Co., Ltd. KRW 1,000,000,000; Shinhan-Time Premier Mezzanine New Technology Investment Fund for KRW 700,000,000; and Shinhan Investment & Securities Co., Ltd. for KRW 500,000,000. The bonds have zero coupon rate and yield to maturity of 1%. The bonds will mature on November 27, 2030. The bonds will be 100% converted into 250,533 common shares at a fixed conversion price of KRW 18,760 per share. The conversion period is from November 27, 2026 to October 27, 2030. The payment date of the transaction is November 27, 2025. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩209 (vs ₩236 in 3Q 2024) Third quarter 2025 results: EPS: ₩209 (down from ₩236 in 3Q 2024). Revenue: ₩29.5b (up 3.1% from 3Q 2024). Net income: ₩2.54b (down 11% from 3Q 2024). Profit margin: 8.6% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 289% to ₩20,000. The fair value is estimated to be ₩16,309, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩14,670, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 284% over the past three years. Announcement • Oct 16
SAMYOUNG M-Tek Co., Ltd (KOSDAQ:A054540) agreed to acquire 42.18% stake in Dong-A Hwa Sung Co.,Ltd. (KOSDAQ:A041930) from Lim Kyung-sik, Sung Rak Je and Sung Rak Je for approximately KRW 130 billion. SAMYOUNG M-Tek Co., Ltd (KOSDAQ:A054540) agreed to acquire 42.18% stake in Dong-A Hwa Sung Co.,Ltd. (KOSDAQ:A041930) from Lim Kyung-sik, Sung Rak Je and Sung Rak Je for approximately KRW 130 billion on October 15, 2025. A cash consideration of KRW 133.3 billion valued at KRW 20000 per share will be paid by SAMYOUNG M-Tek Co., Ltd. As part of consideration, KRW 133.3 billion is paid towards common equity of Dong-A Hwa Sung Co.,Ltd.
The expected completion of the transaction is December 16, 2025. Buy Or Sell Opportunity • Sep 22
Now 23% undervalued Over the last 90 days, the stock has risen 123% to ₩12,510. The fair value is estimated to be ₩16,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩13,450, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₩8,640, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 26x in the Machinery industry in South Korea. Total returns to shareholders of 68% over the past three years. New Risk • Aug 29
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). 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 (₩104.8b market cap, or US$75.4m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ₩185 (vs ₩42.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩185 (up from ₩42.00 in 2Q 2024). Revenue: ₩29.6b (down 13% from 2Q 2024). Net income: ₩2.24b (up 341% from 2Q 2024). Profit margin: 7.6% (up from 1.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,240, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,975, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 1.8% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩492 (vs ₩497 in FY 2023) Full year 2024 results: EPS: ₩492 (down from ₩497 in FY 2023). Revenue: ₩118.0b (up 23% from FY 2023). Net income: ₩5.98b (flat on FY 2023). Profit margin: 5.1% (down from 6.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 14
SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 31, 2025 SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 40, gongdanseo-gil, chilseo-myeon, haman-gun, gyeongsangnam-do, South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,170, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 2.2% over the past three years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩236 (vs ₩85.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩236 (up from ₩85.00 in 3Q 2023). Revenue: ₩28.6b (up 8.3% from 3Q 2023). Net income: ₩2.86b (up 177% from 3Q 2023). Profit margin: 10.0% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩42.00 (vs ₩74.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩42.00 (down from ₩74.00 in 2Q 2023). Revenue: ₩34.1b (up 45% from 2Q 2023). Net income: ₩508.1m (down 44% from 2Q 2023). Profit margin: 1.5% (down from 3.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₩111 (vs ₩184 in 1Q 2023) First quarter 2024 results: EPS: ₩111 (down from ₩184 in 1Q 2023). Revenue: ₩26.5b (up 26% from 1Q 2023). Net income: ₩1.35b (down 39% from 1Q 2023). Profit margin: 5.1% (down from 11% in 1Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 36% 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 Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Market cap is less than US$100m (₩48.5b market cap, or US$35.9m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₩85.00 (vs ₩158 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩85.00 (up from ₩158 loss in 3Q 2022). Revenue: ₩26.4b (up 11% from 3Q 2022). Net income: ₩1.03b (up ₩2.95b from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 51% 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 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 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩47.5b market cap, or US$36.4m). New Risk • Aug 17
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: 1.2% 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 Risk 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. Minor Risk Market cap is less than US$100m (₩49.5b market cap, or US$36.8m). Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ₩184 (vs ₩14.00 in 1Q 2022) First quarter 2023 results: EPS: ₩184 (up from ₩14.00 in 1Q 2022). Revenue: ₩21.0b (up 3.3% from 1Q 2022). Net income: ₩2.23b (up ₩2.06b from 1Q 2022). Profit margin: 11% (up from 0.8% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 21
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.1%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ₩14.00 (vs ₩11.00 in 1Q 2021) First quarter 2022 results: EPS: ₩14.00 (up from ₩11.00 in 1Q 2021). Revenue: ₩20.3b (flat on 1Q 2021). Net income: ₩171.6m (up 38% from 1Q 2021). Profit margin: 0.8% (up from 0.6% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 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: Minority 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: 11 April 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩4,080, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 42% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩53.00 (vs ₩262 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩15.0b (down 18% from 3Q 2020). Net income: ₩659.9m (down 79% from 3Q 2020). Profit margin: 4.4% (down from 17% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
SAMYOUNG M-Tek Co., Ltd (KOSDAQ:A054540) announces an Equity Buyback for KRW 3,000 million worth of its shares. SAMYOUNG M-Tek Co., Ltd (KOSDAQ:A054540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares, pursuant to a contract with DB Financial Investment Co., Ltd. The purpose of the buyback is to stabilize stock price and enhance shareholder value. The plan will be valid up to February 11, 2022. As of August 10, 2021, the company has 318,526 treasury shares within scope available for dividend and no treasury stock through other buyback. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩11.00 (vs ₩39.00 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₩20.3b (up 16% from 1Q 2020). Net income: ₩124.8m (down 75% from 1Q 2020). Profit margin: 0.6% (down from 2.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩576 (vs ₩273 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩68.0b (down 2.6% from FY 2019). Net income: ₩7.02b (up 101% from FY 2019). Profit margin: 10% (up from 5.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 24
New 90-day low: ₩4,850 The company is down 10.0% from its price of ₩5,400 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. Announcement • Feb 11
SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 29, 2021 SAMYOUNG M-Tek Co., Ltd, Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 29
New 90-day low: ₩4,900 The company is down 6.0% from its price of ₩5,190 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 22% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩100.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.8% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.8%).