Valuation Update With 7 Day Price Move • 6h
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩449, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 59% over the past three years. New Risk • Jul 16
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 14% 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 (60% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (₩44.9b market cap, or US$30.4m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩479, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩592, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩719, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,138, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total loss to shareholders of 7.8% over the past three years. New Risk • Feb 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (₩82.1b market cap, or US$56.6m). New Risk • Feb 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 74% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (₩75.1b market cap, or US$52.1m). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,169, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Luxury industry in South Korea. Total loss to shareholders of 6.5% over the past three years. Announcement • Jan 29
hyungji Elite Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23 billion. hyungji Elite Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 23 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 22,858,770
Price\Range: KRW 1000
Discount Per Security: KRW 15
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 141,230
Price\Range: KRW 1000
Discount Per Security: KRW 15
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩1,630, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩1,497, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 34% over the past three years. New Risk • Dec 29
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 12% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (₩57.0b market cap, or US$39.7m). Reported Earnings • Nov 19
First quarter 2026 earnings released: EPS: ₩163 (vs ₩34.00 in 1Q 2025) First quarter 2026 results: EPS: ₩163 (up from ₩34.00 in 1Q 2025). Revenue: ₩44.6b (up 34% from 1Q 2025). Net income: ₩6.20b (up 437% from 1Q 2025). Profit margin: 14% (up from 3.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Nov 10
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 11% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₩51.6b market cap, or US$35.4m). Reported Earnings • Sep 19
Full year 2025 earnings released: ₩37.00 loss per share (vs ₩207 profit in FY 2024) Full year 2025 results: ₩37.00 loss per share (down from ₩207 profit in FY 2024). Revenue: ₩166.7b (up 26% from FY 2024). Net loss: ₩1.29b (down 120% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Aug 27
hyungji Elite Co., Ltd., Annual General Meeting, Sep 29, 2025 hyungji Elite Co., Ltd., Annual General Meeting, Sep 29, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 49, harmony-ro 177beon-gil, yeonsu-gu, incheon South Korea Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩2,150, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,910, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 10x in the Luxury industry in South Korea. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩3,480, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,971, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩2,085, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩2,525, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,930, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 8.1% over the past three years. New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (₩75.7b market cap, or US$52.7m). Reported Earnings • Feb 18
Second quarter 2025 earnings released: ₩20.00 loss per share (vs ₩2.00 loss in 2Q 2024) Second quarter 2025 results: ₩20.00 loss per share (further deteriorated from ₩2.00 loss in 2Q 2024). Revenue: ₩40.6b (up 24% from 2Q 2024). Net loss: ₩693.3m (loss widened ₩623.6m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,265, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩1,863, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩1,358, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 60% over the past three years. Reported Earnings • Nov 20
First quarter 2025 earnings released: EPS: ₩34.00 (vs ₩36.00 in 1Q 2024) First quarter 2025 results: EPS: ₩34.00. Revenue: ₩33.3b (up 30% from 1Q 2024). Net income: ₩1.15b (up 3.8% from 1Q 2024). Profit margin: 3.5% (down from 4.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,133, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩1,437, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 65% over the past three years. New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% 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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Market cap is less than US$100m (₩46.5b market cap, or US$34.2m). Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,961, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 9x in the Luxury industry in South Korea. Total loss to shareholders of 45% over the past three years. New Risk • Sep 24
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 9.9% 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 (9.9% average weekly change). Market cap is less than US$100m (₩51.9b market cap, or US$38.9m). Reported Earnings • Sep 23
Full year 2024 earnings released: EPS: ₩207 (vs ₩65.00 in FY 2023) Full year 2024 results: EPS: ₩207 (up from ₩65.00 in FY 2023). Revenue: ₩132.7b (up 41% from FY 2023). Net income: ₩6.37b (up 219% from FY 2023). Profit margin: 4.8% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Aug 24
hyungji Elite Co., Ltd., Annual General Meeting, Sep 30, 2024 hyungji Elite Co., Ltd., Annual General Meeting, Sep 30, 2024, at 09:00 Tokyo Standard Time. Location: conference room, 49, harmony-ro 177beon-gil, yeonsu-gu, incheon South Korea Buy Or Sell Opportunity • Aug 12
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to ₩1,070. The fair value is estimated to be ₩888, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • Feb 16
Second quarter 2024 earnings released: ₩2.00 loss per share (vs ₩5.00 profit in 2Q 2023) Second quarter 2024 results: ₩2.00 loss per share (down from ₩5.00 profit in 2Q 2023). Revenue: ₩32.7b (up 46% from 2Q 2023). Net loss: ₩69.8m (down 143% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
First quarter 2024 earnings released: EPS: ₩36.00 (vs ₩4.00 loss in 1Q 2023) First quarter 2024 results: EPS: ₩36.00 (up from ₩4.00 loss in 1Q 2023). Revenue: ₩25.6b (up 121% from 1Q 2023). Net income: ₩1.11b (up ₩1.24b from 1Q 2023). Profit margin: 4.3% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 19
Full year 2023 earnings released: EPS: ₩65.00 (vs ₩262 in FY 2022) Full year 2023 results: EPS: ₩65.00 (down from ₩262 in FY 2022). Revenue: ₩94.5b (down 31% from FY 2022). Net income: ₩2.00b (down 75% from FY 2022). Profit margin: 2.1% (down from 5.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩1,549, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩1,549, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Luxury industry in South Korea. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 18
Third quarter 2023 earnings released: EPS: ₩44.00 (vs ₩35.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩44.00 (up from ₩35.00 in 3Q 2022). Revenue: ₩23.2b (down 38% from 3Q 2022). Net income: ₩1.36b (up 27% from 3Q 2022). Profit margin: 5.9% (up from 2.9% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 20
Second quarter 2023 earnings released: EPS: ₩5.00 (vs ₩61.00 in 2Q 2022) Second quarter 2023 results: EPS: ₩5.00 (down from ₩61.00 in 2Q 2022). Revenue: ₩22.4b (down 45% from 2Q 2022). Net income: ₩160.6m (down 92% from 2Q 2022). Profit margin: 0.7% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 18
First quarter 2023 earnings released: ₩4.00 loss per share (vs ₩17.00 loss in 1Q 2022) First quarter 2023 results: ₩4.00 loss per share (improved from ₩17.00 loss in 1Q 2022). Revenue: ₩11.6b (down 53% from 1Q 2022). Net loss: ₩125.6m (loss narrowed 76% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. 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 ₩1,295, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Luxury industry in South Korea. Total loss to shareholders of 7.8% over the past three years. Reported Earnings • Sep 18
Full year 2022 earnings released: EPS: ₩262 (vs ₩24.00 loss in FY 2021) Full year 2022 results: EPS: ₩262 (up from ₩24.00 loss in FY 2021). Revenue: ₩137.3b (up 1.5% from FY 2021). Net income: ₩8.09b (up ₩8.83b from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Reported Earnings • Feb 20
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: ₩61.00 (up from ₩39.00 in 2Q 2021). Revenue: ₩40.4b (down 8.7% from 2Q 2021). Net income: ₩1.89b (up 56% from 2Q 2021). Profit margin: 4.7% (up from 2.7% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 21
First quarter 2022 earnings released: ₩17.00 loss per share (vs ₩35.00 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: ₩24.6b (down 1.9% from 1Q 2021). Net loss: ₩522.8m (loss narrowed 51% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 08
Full year 2021 earnings released: ₩24.00 loss per share (vs ₩36.00 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₩135.3b (down 8.6% from FY 2020). Net loss: ₩745.0m (loss narrowed 33% from FY 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩4,535, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 12x in the Luxury industry in South Korea. Total returns to shareholders of 26% over the past three years. Announcement • Jun 09
hyungji Elite Co., Ltd. announced that it has received KRW 10 billion in funding On June 8, 2021, hyungji Elite Co., Ltd. (KOSE:A093240) closed the transaction. Announcement • Jun 05
hyungji Elite Co., Ltd. announced that it expects to receive KRW 10 billion in funding Hyungji Elite Inc. (KOSE:A093240) announced a private placement of 6th unregistered private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 4, 2021. The bonds will mature on June 8, 2026. The bonds will have yield to maturity of 1% per annum and will not bear any coupon rate. The bonds will be 100% convertible into common shares at a fixed conversion price of KRW 5,437 per share. The conversion period will be from June 08, 2022 to May 08, 2026. The subscription and payment date is June 08, 2021. The transaction will include participation from new investor BNK Securities Co., Ltd., Investment Arm for KRW 10,000,000,000. The transaction was approved by board of directors of the company. Reported Earnings • May 23
Third quarter 2021 earnings released: EPS ₩46.00 (vs ₩48.00 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₩36.7b (down 1.2% from 3Q 2020). Net income: ₩1.43b (up ₩2.92b from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 19
Second quarter 2021 earnings released: EPS ₩39.00 (vs ₩57.00 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩44.3b (down 2.8% from 2Q 2020). Net income: ₩1.21b (down 32% from 2Q 2020). Profit margin: 2.7% (down from 3.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ₩4,105 The company is up 89% from its price of ₩2,170 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₩3,275 The company is up 59% from its price of ₩2,065 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Reported Earnings • Nov 21
First quarter 2021 earnings released: ₩35.00 loss per share The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ₩25.1b (down 19% from 1Q 2020). Net loss: ₩1.07b (loss narrowed 66% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 28
New 90-day high: ₩2,335 The company is up 46% from its price of ₩1,600 on 30 July 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Reported Earnings • Sep 22
Full year earnings released - ₩41.16 loss per share Over the last 12 months the company has reported total losses of ₩1.27b, with losses narrowing by 87% from the prior year. Total revenue was ₩147.9b over the last 12 months, down 4.3% from the prior year. 
