Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩13,570, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩16,310, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 33% over the past three years. New Risk • Apr 01
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: 7.1% Last year net profit margin: 11% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (7.1% net profit margin). Announcement • Mar 17
Creative & Innovative System Corporation, Annual General Meeting, Mar 31, 2026 Creative & Innovative System Corporation, Annual General Meeting, Mar 31, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 529, dalseo-daero, dalseo-gu, daegu South Korea Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩14,360, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 23x in the Machinery industry in South Korea. Total returns to shareholders of 35% over the past three years. New Risk • Feb 24
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 14% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩15,060, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Machinery industry in South Korea. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩9,240, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩154 (vs ₩109 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩154 (up from ₩109 loss in 3Q 2024). Revenue: ₩87.7b (down 41% from 3Q 2024). Net income: ₩11.9b (up ₩19.7b from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Aug 20
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: 5.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩783 (up from ₩434 in FY 2023). Revenue: ₩508.5b (up 64% from FY 2023). Net income: ₩56.2b (up 95% from FY 2023). Profit margin: 11% (up from 9.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Creative & Innovative System Corporation, Annual General Meeting, Mar 28, 2025 Creative & Innovative System Corporation, Annual General Meeting, Mar 28, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 529, dalseo-daero, dalseo-gu, daegu South Korea Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩11,260, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Machinery industry in South Korea. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩8,390, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Machinery industry in South Korea. Total loss to shareholders of 52% over the past three years. Announcement • Aug 28
Creative & Innovative System Corporation (KOSDAQ:A222080) agreed to acquire SNU Precision Co., Ltd. (KOSDAQ:A080000) from SFA Engineering Corporation (KOSDAQ:A056190), Koo Byung-wan, Dongjin Kim, Suha Kim and others for KRW 72 billion. Creative & Innovative System Corporation (KOSDAQ:A222080) agreed to acquire SNU Precision Co., Ltd. (KOSDAQ:A080000) from SFA Engineering Corporation (KOSDAQ:A056190), Koo Byung-wan, Dongjin Kim, Suha Kim and others for KRW 72 billion on August 27, 2024. Transaction is subject to Creative & Innovative System Corporation's shareholder approval.
The expected completion of the transaction is December 1, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₩308 (vs ₩26.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩308 (up from ₩26.00 loss in 2Q 2023). Revenue: ₩134.3b (up 397% from 2Q 2023). Net income: ₩22.0b (up ₩23.7b from 2Q 2023). Profit margin: 16% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩8,000, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 34% over the past three years. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩188 (vs ₩31.00 loss in 1Q 2023) First quarter 2024 results: EPS: ₩188 (up from ₩31.00 loss in 1Q 2023). Revenue: ₩94.6b (up 266% from 1Q 2023). Net income: ₩13.3b (up ₩15.2b from 1Q 2023). Profit margin: 14% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩434 (vs ₩190 in FY 2022) Full year 2023 results: EPS: ₩434 (up from ₩190 in FY 2022). Revenue: ₩310.2b (up 95% from FY 2022). Net income: ₩28.9b (up 148% from FY 2022). Profit margin: 9.3% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 07
Creative & Innovative System Corporation (KOSDAQ:A222080) completed the acquisition of 12.96% stake in CI Solid Co., Ltd. from Hanjun Kim and others. Creative & Innovative System Corporation (KOSDAQ:A222080) Signed a letter of intent to acquire remaining 12.96% stake in CI Solid Co., Ltd. from Hanjun Kim and others for KRW 6.03 billion on December 27, 2023. Creative & Innovative System Corporation (KOSDAQ:A222080) agreed to acquire remaining 12.96% stake in CI Solid Co., Ltd. from Hanjun Kim and others for KRW 6.03 billion on December 29, 2023. Prior to the transaction, Creative & Innovative System Corporation (KOSDAQ:A222080) held 87.04%. Under the terms, the merger ratio for common stock of CI Solid is 1: 0.7106157 and for the convertible preferred stock is 1: 2.9853258. Creative & Innovative System will issue total 0.56 million shares of common stock as consideration. CI Solid reported total assets of KRW 13.93 billion, total debt of KRW 2.73 billion, total capital of KRW 11.2 billion, sales of KRW 2.5 billion and net loss of KRW 546.3 million for the fiscal year ending 2022. Completion of the transaction is subject to approval by shareholders and the Board of Directors of Creative & Innovative System and CI Solid, approval under Monopoly Regulation and Fair Trade Act and approval by government agencies The transaction is expected to complete on February 28, 2024. The merger date is now revised to March 5, 2024.
Creative & Innovative System Corporation (KOSDAQ:A222080) completed the acquisition of 12.96% stake in CI Solid Co., Ltd. from Hanjun Kim and others on March 5, 2024. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩14,350, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 10x in the Machinery industry in South Korea. Total returns to shareholders of 367% over the past three years. 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. 6 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. 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. 6 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Jan 07
New 90-day high: ₩10,800 The company is up 47% from its price of ₩7,370 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: ₩9,900 The company is up 25% from its price of ₩7,940 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. Announcement • Oct 14
Creative & Innovative System Corporation announced that it expects to receive KRW 30 billion in funding from Gbe Holdings Creative & Innovative System Corporation (KOSDAQ:A222080) announced a private placement of series 3 registered non-guaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on October 13, 2020. The transaction will include participation from Gbe Holdings. The bonds bear a coupon rate and yield to maturity of 2% and will mature on October 15, 2025. The bonds are 100% convertible into 3,945,810 shares at a conversion price of KRW 7,603 per share and the conversion period of the bonds will start on October 15, 2021 and end on September 15, 2025. The transaction has been approved by the board of directors of the company. The securities to be issued are subject to prohibition of conversion within one year from the date of issue of bonds and prohibition of division of recommendations. The subscription date and payment date of the transaction is October 13, 2020 and October 15, 2020, respectively. Announcement • Jul 10
An un known buyer acquired 6.7% stake in Creative & Innovative System Corporation (KOSDAQ:A222080) from Suha Kim for KRW 20 billion. An un known buyer acquired 6.7% stake in Creative & Innovative System Corporation (KOSDAQ:A222080) from Suha Kim for KRW 20 billion on July 1, 2020. Under the terms of the transaction, Suha Kim sold 3.8 million shares in Creative & Innovative System Corporation for KRW 5,274 per share. As a result of the transaction, Suha Kim now owns 8.2 million shares in Creative & Innovative System Corporation.
An un known buyer completed the acquisition of 6.7% stake in Creative & Innovative System Corporation (KOSDAQ:A222080) from Suha Kim on July 1, 2020.