New Risk • 14h
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (₩28.1b market cap, or US$18.6m). New Risk • May 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (₩37.9b market cap, or US$27.5m). New Risk • Mar 28
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: 8.1% Last year net profit margin: 14% 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 Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₩37.7b market cap, or US$25.7m). Announcement • Mar 08
Hytc Co., Ltd, Annual General Meeting, Mar 28, 2025 Hytc Co., Ltd, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 9-14, sanbon-ro 101beon-gil, gyeonggi-do, gunpo South Korea Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,200, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total loss to shareholders of 41% over the past year. New Risk • Dec 16
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 Risk Market cap is less than US$100m (₩34.8b market cap, or US$24.2m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩3,000, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 55% over the past year. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩6.00 (vs ₩33.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩6.00 (down from ₩33.00 in 3Q 2023). Revenue: ₩6.31b (down 29% from 3Q 2023). Net income: ₩57.2m (down 83% from 3Q 2023). Profit margin: 0.9% (down from 3.8% in 3Q 2023). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,790, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Machinery industry in South Korea. Total loss to shareholders of 41% over the past year. Buy Or Sell Opportunity • Nov 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₩4,125. The fair value is estimated to be ₩5,244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last year. Earnings per share has grown by 23%. Buy Or Sell Opportunity • Feb 22
Now 21% undervalued Over the last 90 days, the stock has risen 4.2% to ₩7,510. The fair value is estimated to be ₩9,456, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 39%. Buy Or Sell Opportunity • Feb 06
Now 22% undervalued Over the last 90 days, the stock has risen 4.4% to ₩6,840. The fair value is estimated to be ₩8,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 39%. Buying Opportunity • Jan 05
Now 20% undervalued Over the last 90 days, the stock is up 6.1%. The fair value is estimated to be ₩8,705, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 39%. Buying Opportunity • Dec 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₩8,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 40%. New Risk • Nov 22
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 8.9% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₩79.2b market cap, or US$61.3m). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩7,780, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 12x in the Machinery industry in South Korea. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩6,580, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total loss to shareholders of 48% over the past year. Announcement • Oct 19
Hytc Co., Ltd (KOSDAQ:A148930) announces an Equity Buyback for KRW 3,000 million worth of its shares. Hytc Co., Ltd (KOSDAQ:A148930) 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 trust agreement with Shinyoung Securities. The purpose behind the program is to enhance shareholder value. The program will continue until April 17, 2024. As of October 16, 2023, the company has 0 shares in treasury through buyback within dividend capacity and through other acquisitions. Buying Opportunity • Aug 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be ₩10,818, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩8,760, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 15x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩10,240, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 17x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₩12,250, the stock trades at a trailing P/E ratio of 15.5x. Average forward P/E is 9x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩10,050, the stock trades at a trailing P/E ratio of 12.7x. Average forward P/E is 9x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩12,350, the stock trades at a trailing P/E ratio of 11.7x. Average forward P/E is 9x in the Machinery industry in South Korea. 
