Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩6,580, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Machinery industry in South Korea. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩7,690, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 326% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩9,610, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 454% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩12,360, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 674% over the past three years. New Risk • Apr 30
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 14% 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 Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin). Board Change • Apr 30
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 • Mar 21
Full year 2025 earnings released: EPS: ₩2,763 (vs ₩4,187 in FY 2024) Full year 2025 results: EPS: ₩2,763 (down from ₩4,187 in FY 2024). Revenue: ₩108.0b (up 16% from FY 2024). Net income: ₩25.6b (down 36% from FY 2024). Profit margin: 24% (down from 43% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces an Equity Buyback for KRW 5,000 million worth of its shares. Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Shinhan Investment Securities. The purpose of the share repurchase is Stock price stabilization and shareholder value enhancement, incineration. The repurchase program will expire on March 4, 2027. As of March 3, 2026, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩37,500, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 23x in the Machinery industry in South Korea. Total returns to shareholders of 350% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩700 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 03 April 2026. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.0%). Declared Dividend • Nov 16
First half dividend of ₩700 announced Shareholders will receive a dividend of ₩700. Ex-date: 29th December 2025 Payment date: 3rd April 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (41% 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 decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 58% 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 • Nov 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩52,400, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 23x in the Machinery industry in South Korea. Total returns to shareholders of 428% over the past three years. New Risk • Aug 29
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 8.0% 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 Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩56,500, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 22x in the Machinery industry in South Korea. Total returns to shareholders of 338% over the past three years. Upcoming Dividend • Aug 28
Upcoming dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 19 September 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.0%). 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 ₩36,900, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 182% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩4,187 (vs ₩97.55 loss in FY 2023) Full year 2024 results: EPS: ₩4,187 (up from ₩97.55 loss in FY 2023). Revenue: ₩92.8b (down 11% from FY 2023). Net income: ₩40.0b (up ₩40.9b from FY 2023). Profit margin: 43% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Inhwa Precision Co., Ltd, Annual General Meeting, Mar 26, 2025 Inhwa Precision Co., Ltd, Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 510, ungnam-ro, seongsan-gu, gyeongsangnam-do, changwon South Korea New Risk • Jan 21
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 9.6% 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 Dividend is not well covered by cash flows (117% cash payout ratio). Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩37,000, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 275% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,250 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 01 April 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.0%). New Risk • Dec 08
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Declared Dividend • Nov 25
Dividend of ₩2,250 announced Shareholders will receive a dividend of ₩2,250. Ex-date: 27th December 2024 Payment date: 1st April 2025 Dividend yield will be 8.2%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 13% 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 • Nov 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩27,200, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩25,950, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 173% over the past three years. Announcement • Sep 05
Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces an Equity Buyback for KRW 10,000 million worth of its shares. Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with Shinhan Investment Securities. The purpose of the share repurchase is Stock price stabilization and shareholder value enhancement, incineration. The repurchase program will expire on March 5, 2025. As of September 4, 2024, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,540, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 42% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: ₩104.0b (down 3.1% from FY 2022). Net loss: ₩901.5m (loss narrowed 93% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
Hanwha Impact Global Co., Ltd completed the acquisition of 21.58% stake in HSD Engine Co., Ltd. (KOSE:A082740) from Inhwa Precision Co., Ltd (KOSDAQ:A101930) Hanwha Impact Global Co., Ltd signed a memorandum of understanding to acquire 21.58% stake in HSD Engine Co., Ltd. (KOSE:A082740) from Inhwa Precision Co., Ltd (KOSDAQ:A101930) for approximately KRW 140 million on February 16, 2023. Hanwha Impact Global Co., Ltd signed an agreement to acquire 21.58% stake in HSD Engine Co., Ltd. (KOSE:A082740) from Inhwa Precision Co., Ltd (KOSDAQ:A101930) on July 6, 2023. Of the total consideration, KRW 13.7 billion shall be paid as down payment and the balance KRW 123.7 billion shall be paid at completion. The transaction is expected to complete on February 27, 2024.
Hanwha Impact Global Co., Ltd completed the acquisition of 21.58% stake in HSD Engine Co., Ltd. (KOSE:A082740) from Inhwa Precision Co., Ltd (KOSDAQ:A101930) on February 27, 2024. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩99.0b market cap, or US$76.6m). Announcement • Sep 01
Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces an Equity Buyback for KRW 3,000 million worth of its shares. Inhwa Precision Co., Ltd (KOSDAQ:A101930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Shinhan Investment & Securities. The purpose of the share repurchase is Stock price stabilization and shareholder value enhancement, retirement. The repurchase program will expire on March 4, 2024. As of August 28, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. 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. Announcement • May 05
Inhwa Precision Co., Ltd announced that it expects to receive KRW 14 billion in funding from Korea Development Bank, Investment Arm Inhwa Precision Co., Ltd announced a private placement of series 1 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 14,000,000,000 on May 3, 2022. The transaction will include participation from Korea Development Bank, Investment Arm. The bonds will be issued at par and will not carry any coupon. The bonds have yield to maturity of 3% and would mature on May 6, 2025. The bonds will be fully convertible into 834,973 shares of the company at a fixed conversion price of KRW 16,767 from May 6, 2023 to April 6, 2025. The subscription and the payment dates is May 6, 2022. The bonds are redeemable. All securities issued are restricted for one year. The transaction has been approved by the board of directors of the company. 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. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₩11,600, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 21% share price gain to ₩12,500, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 21% share price gain to ₩11,650, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 22% share price gain to ₩8,070, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 26x in the Machinery industry in South Korea. Total returns to shareholders of 41% over the past three years. Announcement • Feb 25
Inhwa Precision Co., Ltd, Annual General Meeting, Mar 26, 2021 Inhwa Precision Co., Ltd, Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 17% share price gain to ₩5,880, the stock is trading at a trailing P/E ratio of 46.7x, up from the previous P/E ratio of 40x. This compares to an average P/E of 22x in the Machinery industry in South Korea. Total returns to shareholders over the past three years are 36%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 17% share price gain to ₩5,850, the stock is trading at a trailing P/E ratio of 46.4x, up from the previous P/E ratio of 39.7x. This compares to an average P/E of 22x in the Machinery industry in South Korea. Total returns to shareholders over the past three years are 35%. Is New 90 Day High Low • Dec 04
New 90-day high: ₩5,500 The company is up 37% from its price of ₩4,020 on 04 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 Machinery industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 16% share price gain to ₩4,770, the stock is trading at a trailing P/E ratio of 26.9x, up from the previous P/E ratio of 23.2x. This compares to an average P/E of 20x in the Machinery industry in South Korea. Total returns to shareholders over the past three years are 7.5%. Is New 90 Day High Low • Nov 16
New 90-day high: ₩4,335 The company is up 4.0% from its price of ₩4,160 on 18 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: ₩3,730 The company is down 17% from its price of ₩4,510 on 30 July 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 3.0% over the same period.