New Risk • Jun 19
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 13% 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 Risks Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩28.2b market cap, or US$18.4m). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₩1,225, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Metals and Mining industry in South Korea. Total loss to shareholders of 13% over the past year. Announcement • Jun 03
Yulchon Co., Ltd announced that it has received KRW 10 billion in funding On June 1, 2026, Yulchon Co., Ltd closed the transaction. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩989, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Metals and Mining industry in South Korea. Total loss to shareholders of 27% over the past year. 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: 2.7% Last year net profit margin: 5.0% 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 Risks Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩29.7b market cap, or US$19.6m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,316, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in South Korea. Total returns to shareholders of 6.9% over the past year. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,564, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Metals and Mining industry in South Korea. Total returns to shareholders of 31% over the past year. Announcement • Feb 24
Yulchon Co., Ltd, Annual General Meeting, Mar 31, 2026 Yulchon Co., Ltd, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 192, gongdan 2-daero, gyeonggi-do, siheung South Korea Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₩2,015, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Metals and Mining industry in South Korea. Total returns to shareholders of 80% over the past year. New Risk • Feb 02
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 13% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (₩49.3b market cap, or US$34.1m). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩1,575, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Metals and Mining industry in South Korea. Total returns to shareholders of 43% over the past year. New Risk • Aug 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 (17% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (₩30.4b market cap, or US$22.0m). Reported Earnings • Mar 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩101 (up from ₩1,138 loss in FY 2023). Revenue: ₩78.2b (up 7.6% from FY 2023). Net income: ₩2.39b (up ₩20.5b from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Metals and Mining industry in South Korea. Announcement • Feb 19
Yulchon Co., Ltd, Annual General Meeting, Mar 24, 2025 Yulchon Co., Ltd, Annual General Meeting, Mar 24, 2025, at 08:00 Tokyo Standard Time. Location: conference room, 192, gongdan 2-daero, gyeonggi-do, siheung South Korea New Risk • Dec 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (₩26.8b market cap, or US$18.5m). 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 (11% increase in shares outstanding). Market cap is less than US$100m (₩26.5b market cap, or US$18.4m). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,065, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. New Risk • Oct 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (₩66.4b market cap, or US$49.1m). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,055, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₩4,100, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. 