Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Young-Hwan Kim was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 17
Nature & Environment Co.,Ltd., Annual General Meeting, Mar 31, 2026 Nature & Environment Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 12, gwangwangdanji-gil, chungcheongnam-do, gongju South Korea Announcement • Aug 28
Nature & Environment Co.,Ltd. announced that it has received KRW 2 billion in funding from Data Technology Co.,Ltd. On August 27, 2028, Nature & Environment Co.,Ltd. closed the transaction. Announcement • Aug 21
Nature & Environment Co.,Ltd. announced that it expects to receive KRW 2 billion in funding from Data Technology Co.,Ltd. Nature & Environment Co.,Ltd. announced a private placement to issue Zero Coupon Series 12 Unregistered Unsecured Private Convertible Bonds due August 27, 2028 for gross proceeds of KRW 2,000,000,000 on August 19, 2025. The transaction will include participation from returning investor Data Technology Co.,Ltd. The transaction has been approved by shareholders, expected to close on August 27, 2025, bears zero coupon rate, 5% maturity rate and matures on August 27, 2028, restricted to a hold period, 100% convertible into 2,621,231 shares at a fixed conversion price of KRW 763 from August 27, 2026 to July 27, 2028. New Risk • Mar 28
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 9.7% 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 (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₩89.2b market cap, or US$60.9m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₩787, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 13x in the Commercial Services industry in South Korea. Total loss to shareholders of 60% over the past three years. Announcement • Mar 18
Nature & Environment Co.,Ltd., Annual General Meeting, Mar 31, 2025 Nature & Environment Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 12, gwangwangdanji-gil, chungcheongnam-do, gongju 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 Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (₩73.1b market cap, or US$50.9m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩645, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 12x in the Commercial Services industry in South Korea. Total loss to shareholders of 49% over the past three years. New Risk • Dec 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 (26% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (₩63.7b market cap, or US$44.8m). New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% 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: Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (₩77.2b market cap, or US$56.5m). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩686, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Commercial Services industry in South Korea. Total loss to shareholders of 64% over the past three years. New Risk • Aug 05
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 7.8% 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 (7.8% average weekly change). Market cap is less than US$100m (₩55.8b market cap, or US$40.9m). Announcement • Jul 24
Nature & Environment Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 20.704 billion. Nature & Environment Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 20.704 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,000
Price\Range: KRW 647
Discount Per Security: KRW 11.646
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩914, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 14x in the Commercial Services industry in South Korea. Total loss to shareholders of 56% over the past three years. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: ₩53.00 (vs ₩5.00 in FY 2022) Full year 2023 results: EPS: ₩53.00 (up from ₩5.00 in FY 2022). Revenue: ₩69.7b (down 5.6% from FY 2022). Net income: ₩4.35b (up ₩3.92b from FY 2022). Profit margin: 6.2% (up from 0.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Jun 20
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 9.4% 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 (9.4% average weekly change). Market cap is less than US$100m (₩118.0b market cap, or US$92.0m). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: ₩192 loss per share (vs ₩115 loss in FY 2020) Full year 2021 results: ₩192 loss per share (down from ₩115 loss in FY 2020). Revenue: ₩55.1b (up 89% from FY 2020). Net loss: ₩11.2b (loss widened 83% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Jan 12
Nature and Environment Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 18.787148 billion. Nature and Environment Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 18.787148 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 19,448,393
Price\Range: KRW 966
Discount Per Security: KRW 19.32
Transaction Features: Rights Offering Is New 90 Day High Low • Feb 26
New 90-day low: ₩1,300 The company is down 7.0% from its price of ₩1,400 on 27 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 Commercial Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩1,500 The company is up 7.0% from its price of ₩1,400 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: ₩1,335 The company is down 13% from its price of ₩1,540 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩1,350 The company is down 11% from its price of ₩1,515 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 6.0% over the same period.