Announcement • Mar 06
CNTUS Co.,Ltd, Annual General Meeting, Mar 26, 2026 CNTUS Co.,Ltd, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 24, noksansaneopjung-ro 192beon-gil, gangseo-gu, busan South Korea Declared Dividend • Nov 17
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (35% 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 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 36% EPS decline seen over the last 5 years. New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 53% 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. Payout ratio: 111% Cash payout ratio: 416% Earnings have declined by 53% 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 (1.6% net profit margin). Market cap is less than US$100m (₩69.1b market cap, or US$50.0m). Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩76.00 (vs ₩123 in FY 2023) Full year 2024 results: EPS: ₩76.00 (down from ₩123 in FY 2023). Revenue: ₩73.0b (down 6.5% from FY 2023). Net income: ₩1.97b (down 40% from FY 2023). Profit margin: 2.7% (down from 4.2% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Mar 01
CNTUS Co.,Ltd, Annual General Meeting, Mar 21, 2025 CNTUS Co.,Ltd, Annual General Meeting, Mar 21, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 24, noksansaneopjung-ro 192beon-gil, gangseo-gu, busan South Korea 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 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 (₩72.8b market cap, or US$50.7m). Buy Or Sell Opportunity • Dec 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to ₩2,650. The fair value is estimated to be ₩3,482, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Earnings per share has declined by 93%. New Risk • Aug 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 202% Cash payout ratio: 103% Dividend yield: 6.1% 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. Payout ratio: 202% Cash payout ratio: 103% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₩81.5b market cap, or US$61.0m). Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₩2,730. The fair value is estimated to be ₩3,462, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Earnings per share has declined by 72%. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩123 (vs ₩698 in FY 2022) Full year 2023 results: EPS: ₩123 (down from ₩698 in FY 2022). Revenue: ₩78.0b (down 45% from FY 2022). Net income: ₩3.31b (down 83% from FY 2022). Profit margin: 4.2% (down from 14% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩140 per share at 5.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.5%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.3%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩43.00 loss per share (vs ₩135 profit in 3Q 2022) Third quarter 2023 results: ₩43.00 loss per share (down from ₩135 profit in 3Q 2022). Revenue: ₩16.5b (down 51% from 3Q 2022). Net loss: ₩1.19b (down 131% from profit in 3Q 2022). New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 222% Revenue has declined by 35% over the past year. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩101.1b market cap, or US$76.4m). Upcoming Dividend • Jun 22
Upcoming dividend of ₩120 per share at 6.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.0%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩698 (vs ₩1,642 in FY 2021) Full year 2022 results: EPS: ₩698 (down from ₩1,642 in FY 2021). Revenue: ₩141.6b (down 17% from FY 2021). Net income: ₩19.5b (down 58% from FY 2021). Profit margin: 14% (down from 27% in FY 2021). The decrease in margin was driven by lower revenue. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 03 April 2023. Payout ratio is a comfortable 36% and the cash payout ratio is 85%. Trailing yield: 8.1%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,120, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Machinery industry in South Korea. Total loss to shareholders of 36% over the past year. Upcoming Dividend • Jun 22
Upcoming dividend of ₩167 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 11 July 2022. Payout ratio is a comfortable 28% and the cash payout ratio is 81%. Trailing yield: 9.1%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₩9,980, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 41% share price gain to ₩27,150, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Machinery industry in South Korea. Announcement • Feb 26
Cntus-Sungjin Co.,Ltd, Annual General Meeting, Mar 25, 2021 Cntus-Sungjin Co.,Ltd, Annual General Meeting, Mar 25, 2021, at 11:00 Korea Standard Time.