New Risk • May 26
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: 1.3% Last year net profit margin: 2.3% 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 High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Buy Or Sell Opportunity • May 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 91% to ₩56,300. The fair value is estimated to be ₩45,298, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.3%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Apr 23
Taihan Cable & Solution Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Taihan Cable & Solution Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Apr 15
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 15% 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 High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Reported Earnings • Mar 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₩453 (up from ₩409 in FY 2024). Revenue: ₩3.64t (up 11% from FY 2024). Net income: ₩84.2b (up 20% from FY 2024). Profit margin: 2.3% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩3.99b to ₩3.93b. EPS estimate also fell from ₩843 per share to ₩645 per share. Net income forecast to grow 148% next year vs 41% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩29,300 to ₩32,200. Share price fell 16% to ₩30,250 over the past week. Announcement • Feb 13
Taihan Cable & Solution Co., Ltd., Annual General Meeting, Mar 26, 2026 Taihan Cable & Solution Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 870, daehoman-ro, godae-myeon, chungcheongnam-do, dangjin South Korea Major Estimate Revision • Feb 10
Consensus EPS estimates increase by 33% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from ₩635 to ₩843. Revenue forecast steady at ₩3.99b. Net income forecast to grow 209% next year vs 42% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩26,900 to ₩29,300. Share price was steady at ₩31,200 over the past week. Price Target Changed • Nov 28
Price target increased by 9.7% to ₩25,100 Up from ₩22,875, the current price target is an average from 5 analysts. New target price is 13% above last closing price of ₩22,200. Stock is up 96% over the past year. The company is forecast to post earnings per share of ₩435 for next year compared to ₩409 last year. New Risk • Nov 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Price Target Changed • Nov 11
Price target increased by 16% to ₩22,875 Up from ₩19,667, the current price target is an average from 4 analysts. New target price is 8.3% below last closing price of ₩24,950. Stock is up 115% over the past year. The company is forecast to post earnings per share of ₩490 for next year compared to ₩409 last year. New Risk • Oct 31
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 7.5% 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 (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩15,240, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Electrical industry in South Korea. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,544 per share. New Risk • May 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₩409 (down from ₩571 in FY 2023). Revenue: ₩3.29t (up 16% from FY 2023). Net income: ₩70.4b (flat on FY 2023). Profit margin: 2.1% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 6.8%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Taihan Cable & Solution Co., Ltd., Annual General Meeting, Mar 28, 2025 Taihan Cable & Solution Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 870, daehoman-ro, godae-myeon, chungcheongnam-do, dangjin South Korea Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,150, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 1.7% over the past three years. 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 Risks No financial data reported. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩12,020, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electrical industry in South Korea. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩11,630, the stock trades at a trailing P/E ratio of 26.2x. Average forward P/E is 18x in the Electrical industry in South Korea. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩18,040, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 81% over the past three years. New Risk • Apr 17
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 8.5% 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩12,740, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 27% over the past three years. New Risk • Apr 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: ₩571 (vs ₩178 in FY 2022) Full year 2023 results: EPS: ₩571 (up from ₩178 in FY 2022). Revenue: ₩2.84t (up 16% from FY 2022). Net income: ₩70.6b (up 243% from FY 2022). Profit margin: 2.5% (up from 0.8% 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 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Mar 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 8.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,270, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 31% over the past three years. Announcement • Mar 14
Taihan Cable & Solution Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 473.68 billion. Taihan Cable & Solution Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 473.68 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 62,000,000
Price\Range: KRW 7640
Discount Per Security: KRW 30.56
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,790, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 20x in the Electrical industry in South Korea. Negligible returns to shareholders over past three years. Announcement • Jan 11
Taihan Cable & Solution Co., Ltd. announced that it expects to receive KRW 0.254582 million in funding from Hoban Engineering Co., Ltd. Taihan Cable & Solution Co., Ltd. announces private placement of 30,021,422 common stocks at an issue price of KRW 0.00848 per share for gross proceeds of KRW 254,582 on January 9, 2024. The transaction included participation from returning investor Hoban Engineering Co., Ltd. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩9,670, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total loss to shareholders of 21% over the past three years. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: ₩70.00 (vs ₩102 in 1Q 2022) First quarter 2023 results: EPS: ₩70.00 (down from ₩102 in 1Q 2022). Revenue: ₩703.9b (up 19% from 1Q 2022). Net income: ₩8.68b (down 3.4% from 1Q 2022). Profit margin: 1.2% (down from 1.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • May 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₩1,720, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,680, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 223% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 23% share price gain to ₩1,850, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 16x in the Electrical industry in South Korea. Total returns to shareholders of 83% over the past three years. Board Change • Feb 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Announcement • Feb 25
Taihan Electric Wire Co., Ltd., Annual General Meeting, Mar 26, 2021 Taihan Electric Wire Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 23
New 90-day low: ₩999 The company is down 19% from its price of ₩1,240 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ₩927 The company is up 33% from its price of ₩695 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 Electrical industry, which is up 17% over the same period.