New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (₩47.2b market cap, or US$31.3m). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩7,350, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 60% over the past three years. Announcement • Mar 13
Watos Corea Co., Ltd., Annual General Meeting, Mar 26, 2026 Watos Corea Co., Ltd., Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 31, jeonjanonggongdanji 1-gil, donghwa-myeon, jangseong-gun, jeollanam-do, South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩8,870, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 86% over the past three years. New Risk • Feb 19
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Market cap is less than US$100m (₩71.5b market cap, or US$49.3m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 April 2026. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.4%). Announcement • Nov 10
Watos Corea Co., Ltd. (KOSDAQ:A079000) announces an Equity Buyback for 384,615 shares, for KRW 2,000 million. Watos Corea Co., Ltd. (KOSDAQ:A079000) announces a share repurchase program. Under the program, the company will repurchase up to 384,615 shares for KRW 2,000 million worth of shares pursuant to a contract with Samsung Securities. The shares will be repurchased at no more than KRW 5,150 share. The purpose of the program is to stabilize the stock price and enhance shareholder value. The repurchase will be valid until May 10, 2026. As of November 10, 2025, the company had 771,148 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Declared Dividend • Nov 08
Dividend of ₩200 announced Dividend of ₩200 is the same as last year. Ex-date: 29th December 2025 Payment date: 6th April 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has not increased over the past 4 years but payments have been stable during that time. Announcement • Nov 07
Watos Corea Co., Ltd. announces Annual dividend, payable on April 06, 2026 Watos Corea Co., Ltd. announced Annual dividend of KRW 200.0000 per share payable on April 06, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Jul 28
Watos Corea Co., Ltd. (KOSDAQ:A079000) announces an Equity Buyback for 388,350 shares, for KRW 2,000 million. Watos Corea Co., Ltd. (KOSDAQ:A079000) announces a share repurchase program. Under the program, the company will repurchase up to 388,350 shares for KRW 2,000 million worth of shares pursuant to a contract with Samsung Securities. The shares will be repurchased at no more than KRW 5,150 share. The purpose of the program is to stabilize the stock price and enhance shareholder value. The repurchase will be valid until September 30, 2025. As of July 27, 2025, the company had 583,759 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Announcement • Feb 25
Watos Corea Co., Ltd., Annual General Meeting, Mar 26, 2025 Watos Corea Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 1285, jangje-ro, gyeyang-gu, incheon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 08 April 2025. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,840, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 13x in the Building industry in South Korea. Total returns to shareholders of 5.1% over the past three years. Announcement • Oct 26
Watos Corea Co., Ltd. (KOSDAQ:A079000) announces an Equity Buyback for KRW 2,000 million worth of its shares. Watos Corea Co., Ltd. (KOSDAQ:A079000) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of shares pursuant to a contract with Samsung Securities. The purpose of the program is to stabilize the stock price and enhance shareholder value. The repurchase will be valid until April 24, 2025. As of October 24, 2024, the company had 175,620 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Announcement • Sep 03
Watos Corea Co., Ltd. (KOSDAQ:A079000) announces an Equity Buyback for KRW 1,000 million worth of its shares. Watos Corea Co., Ltd. (KOSDAQ:A079000) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Samsung Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 4, 2025. As of September 1, 2024, the company had 0 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩6,630, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 9x in the Building industry in South Korea. Total loss to shareholders of 11% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩66.00 (vs ₩75.00 in 1Q 2023) First quarter 2024 results: EPS: ₩66.00 (down from ₩75.00 in 1Q 2023). Revenue: ₩4.40b (up 3.9% from 1Q 2023). Net income: ₩476.7m (down 12% from 1Q 2023). Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • May 14
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 7.8% 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 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 (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (₩56.6b market cap, or US$41.4m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩7,860, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 9x in the Building industry in South Korea. Total loss to shareholders of 7.3% over the past three years. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,750, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 9x in the Building industry in South Korea. Total loss to shareholders of 35% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 4.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.8%). New Risk • Sep 13
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: 13% Last year net profit margin: 22% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (₩36.1b market cap, or US$27.2m). Buying Opportunity • Jul 24
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩6,764, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 73%. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: ₩75.00 (vs ₩25.00 in 1Q 2022) First quarter 2023 results: EPS: ₩75.00 (up from ₩25.00 in 1Q 2022). Revenue: ₩4.24b (flat on 1Q 2022). Net income: ₩542.6m (up 199% from 1Q 2022). Profit margin: 13% (up from 4.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ₩23.00 (vs ₩45.00 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩23.00 (up from ₩45.00 loss in 3Q 2021). Revenue: ₩4.92b (up 20% from 3Q 2021). Net income: ₩167.0m (up ₩497.5m from 3Q 2021). Profit margin: 3.4% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. 4 experienced directors. No highly experienced directors. No independent directors (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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,370, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 15x in the Building industry in South Korea. Total returns to shareholders of 5.7% over the past three years. 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. 4 experienced directors. No highly experienced directors. No independent directors (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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,020, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 29x in the Building industry in South Korea. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 17% share price gain to ₩6,830, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 24x in the Building industry in South Korea. Total returns to shareholders of 22% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 19 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Watos Corea since going public. The average dividend yield among industry peers is 1.3%. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,850, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 36x in the Building industry in South Korea. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 18% share price gain to ₩11,250, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 22x in the Building industry in South Korea. Total returns to shareholders of 73% over the past three years. Announcement • Feb 25
Watos Corea Co., Ltd., Annual General Meeting, Mar 25, 2021 Watos Corea Co., Ltd., Annual General Meeting, Mar 25, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₩7,000, the stock is trading at a trailing P/E ratio of 63.5x, up from the previous P/E ratio of 52.5x. This compares to an average P/E of 23x in the Building industry in South Korea. Total returns to shareholders over the past three years are 25%. Is New 90 Day High Low • Feb 03
New 90-day high: ₩6,070 The company is up 12% from its price of ₩5,420 on 05 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: ₩5,830 The company is up 8.0% from its price of ₩5,420 on 16 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 Building industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: ₩5,810 The company is up 10.0% from its price of ₩5,270 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₩5,550 The company is up 4.0% from its price of ₩5,330 on 26 August 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 11% over the same period.