Announcement • Mar 17
STX Corporation, Annual General Meeting, Mar 31, 2026 STX Corporation, Annual General Meeting, Mar 31, 2026, at 12:00 Tokyo Standard Time. Location: auditorium, 105, jungang-daero, seongsan-gu, gyeongsangnam-do, changwon South Korea Announcement • Mar 14
STX Corporation, Annual General Meeting, Mar 28, 2025 STX Corporation, Annual General Meeting, Mar 28, 2025, at 12:00 Tokyo Standard Time. Location: auditorium, 105, jungang-daero, seongsan-gu, gyeongsangnam-do, changwon South Korea Announcement • Nov 16
STX Corporation announced that it has received KRW 13 billion in funding from Sun Ace Shipping Co.Ltd STX Corporation announced a private placement to issue Series 111 Anonymous unsecured convertible bonds for a gross proceeds of KRW 13,000,000,000 on November 15, 2024. The transaction includes participation from Sun Ace Shipping Co.Ltd. The bonds have coupon rate of 5% and zero yield to maturity rate. The bonds will mature on November 15, 2054. The bonds will be 100% converted into 2,684,840 common shares at a fixed conversion price of KRW 4,842 per share. The conversion period is from November 15, 2025 to October 15, 2054. The payment date of the transaction is November 15, 2024. The transaction has been approved by the board of directors of the company. The securities are prohibited for one year after issuance. New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.5b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩35b free cash flow). Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (₩136.5b market cap, or US$97.7m). New Risk • Aug 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩35b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩35b free cash flow). Earnings have declined by 16% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩64b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩64b free cash flow). Earnings have declined by 8.5% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). Announcement • Mar 20
An undisclosed buyer agreed to acquire an unknown majority stake in STX Asia Limited from STX Corporation (KOSE:A011810) for KRW 11.9 billion. An undisclosed buyer agreed to acquire an unknown majority stake in STX Asia Limited from STX Corporation (KOSE:A011810) for KRW 11.9 billion on March 19, 2024. The transaction is expected to close on March 21, 2024. Announcement • Mar 19
STX Corporation, Annual General Meeting, Mar 29, 2024 STX Corporation, Annual General Meeting, Mar 29, 2024, at 12:00 Korea Standard Time. Location: Auditorium, 4F, STX Ocean Tower, 105 Jungang-daero, Seongsan-gu, Changwon-si, Gyeongsangnam-do Gyeongsangnam-do South Korea Agenda: To consider Audit report ; to Operating report ; to Report on the operating status of the internal accounting control system; to Approval of the 48th January 1~December 31, 2023 financial statement ; to Appointment of inside director Park Sang-jun ; to Appointment of non-executive director Hong Ra-jeong ; to Appointment of outside director Kim Jin-su; to Appointment of auditors ; to Approval of the directors’ remuneration limit ; to Approval of the auditors’ remuneration limit; and to consider other matters if any. Announcement • Dec 07
STX Corporation (KOSE:A011810) agreed to acquire a 20% stake in International Battery Technology Co., Ltd. STX Corporation (KOSE:A011810) agreed to acquire a 20% stake in International Battery Technology Co., Ltd. on November 30, 2023. New Risk • Oct 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩112b free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Board Change • Sep 15
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. 8 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. 8 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 • Sep 26
Investor sentiment improved over the past week After last week's 24% share price gain to ₩3,935, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 9x in the Trade Distributors industry in South Korea. Total loss to shareholders of 47% over the past three years. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: ₩55.00 (vs ₩151 loss in 1Q 2021) First quarter 2022 results: EPS: ₩55.00 (up from ₩151 loss in 1Q 2021). Revenue: ₩295.4b (up 47% from 1Q 2021). Net income: ₩1.58b (up ₩4.56b from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. 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. 8 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 • Aug 04
STX Corporation has completed a Follow-on Equity Offering in the amount of KRW 38.352 billion. STX Corporation has completed a Follow-on Equity Offering in the amount of KRW 38.352 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,800,000
Price\Range: KRW 5640
Discount Per Security: KRW 112.8
Transaction Features: Rights Offering Announcement • Mar 18
STX Corporation, Annual General Meeting, Mar 31, 2021 STX Corporation, Annual General Meeting, Mar 31, 2021, at 12:00 Korea Standard Time. Is New 90 Day High Low • Feb 28
New 90-day low: ₩5,300 The company is down 16% from its price of ₩6,280 on 30 November 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 33% over the same period. Announcement • Jul 01
STX Corporation announced that it has received KRW 10 billion in funding On June 29, 2020, STX Corporation (KOSE:A011810) closed the transaction. 
