Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,060, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,486, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 31x in the Semiconductor industry in South Korea. Total returns to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩1,271, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 27x in the Semiconductor industry in South Korea. Total loss to shareholders of 13% over the past three years. New Risk • Mar 27
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: 3.6% Last year net profit margin: 7.4% 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: 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 (3.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩73.1b market cap, or US$48.4m). Announcement • Mar 13
Kx Hitech Co., Ltd., Annual General Meeting, Mar 26, 2026 Kx Hitech Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 330, yeonamyulgeum-ro, eumbong-myeon, chungcheongnam-do, asan South Korea Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,214, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 4.3% over the past three years. New Risk • Mar 04
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 10% 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 (10% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩67.8b market cap, or US$46.4m). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,485, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 9.0% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩1,100, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past three years. New Risk • Nov 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 (19% increase in shares outstanding). Market cap is less than US$100m (₩58.6b market cap, or US$40.1m). New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2011. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2011 fiscal period end). Minor Risk Market cap is less than US$100m (₩49.2b market cap, or US$35.5m). Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩179 (vs ₩81.00 in FY 2023) Full year 2024 results: EPS: ₩179 (up from ₩81.00 in FY 2023). Revenue: ₩132.3b (down 14% from FY 2023). Net income: ₩9.75b (up 121% from FY 2023). Profit margin: 7.4% (up from 2.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Announcement • Mar 13
Kx Hitech Co., Ltd., Annual General Meeting, Mar 25, 2025 Kx Hitech Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 330, yeonamyulgeum-ro, eumbong-myeon, chungcheongnam-do, asan South Korea New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2011. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2011 fiscal period end). Minor Risk Market cap is less than US$100m (₩46.2b market cap, or US$32.5m). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩81.00 (vs ₩283 in FY 2022) Full year 2023 results: EPS: ₩81.00 (down from ₩283 in FY 2022). Revenue: ₩154.7b (down 1.1% from FY 2022). Net income: ₩4.42b (down 69% from FY 2022). Profit margin: 2.9% (down from 9.2% in FY 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,379, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 25% over the past three years. New Risk • Nov 29
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: 4.4% Last year net profit margin: 7.1% 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: Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (₩62.5b market cap, or US$48.4m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,211, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,273, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 30% over the past three years. 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. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Director Seung-Ho Song was the last director to join the board, commencing their role in 2009. 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 • Jun 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,310, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past three years. 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. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Director Seung-Ho Song was the last director to join the board, commencing their role in 2009. 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 • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩102 (up from ₩33.00 in FY 2020). Revenue: ₩104.9b (up 40% from FY 2020). Net income: ₩4.77b (up 204% from FY 2020). Profit margin: 4.5% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,495, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₩1,810, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩1,400, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 47% over the past three years. Announcement • Aug 27
KMH Hitech Co., Ltd. announced that it has received KRW 16 billion in funding On August 25, 2021, KMH Hitech Co., Ltd. closed the transaction. Announcement • Aug 26
KMH Hitech Co., Ltd. announced that it expects to receive KRW 16000 billion in funding KMH Hitech Co., Ltd. announced private placement of Unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 16,000,000,000,000 on August 24, 2021. The transaction has been approved by the board of directors of the company. The payment date is August 25, 2021. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 17% share price gain to ₩2,235, the stock is trading at a trailing P/E ratio of 35.7x, up from the previous P/E ratio of 30.6x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 107%. Is New 90 Day High Low • Feb 17
New 90-day high: ₩2,000 The company is up 10.0% from its price of ₩1,820 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,505, the stock is trading at a trailing P/E ratio of 24.1x, down from the previous P/E ratio of 29.4x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 31%. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 16% share price gain to ₩2,085, the stock is trading at a trailing P/E ratio of 45.7x, up from the previous P/E ratio of 39.5x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 93%. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 34% share price gain to ₩1,895, the stock is trading at a trailing P/E ratio of 41.6x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 80%. Is New 90 Day High Low • Oct 14
New 90-day high: ₩1,895 The company is up 47% from its price of ₩1,290 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 8.0% over the same period.