Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,270, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 37% over the past three years. New Risk • Jul 03
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 17% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,810, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • May 30
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). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩9,520, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 64% over the past three years. New Risk • May 13
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 Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩7,850, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 30x in the Semiconductor industry in South Korea. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,290, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 26% over the past three years. New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Mar 17
New Power Plasma, Annual General Meeting, Mar 31, 2026 New Power Plasma, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: seminar room, 214, saneop-ro 155beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea New Risk • Mar 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Feb 06
New Power Plasma announced that it has received KRW 21 billion in funding On February 5, 2026, New Power Plasma closed the transaction. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 21 April 2026. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Declared Dividend • Nov 08
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 21st April 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (14% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
New Power Plasma announces Annual dividend, payable on April 21, 2026 New Power Plasma announced Annual dividend of KRW 50.0000 per share payable on April 21, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,090, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 73% over the past three years. Buy Or Sell Opportunity • Sep 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.2% to ₩5,110. The fair value is estimated to be ₩4,253, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 11%. New Risk • Aug 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: 2.6% Last year net profit margin: 5.1% 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: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,300, the stock trades at a trailing P/E ratio of 12.8x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 59% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩472 (vs ₩475 in FY 2023) Full year 2024 results: EPS: ₩472 (down from ₩475 in FY 2023). Revenue: ₩519.8b (up 48% from FY 2023). Net income: ₩19.1b (flat on FY 2023). Profit margin: 3.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • Mar 18
New Power Plasma, Annual General Meeting, Mar 31, 2025 New Power Plasma, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: seminar room, 214, saneop-ro 155beon-gil, gwonseon-gu, gyeonggi-do, suwon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 22 April 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Large one-off items impacting financial results. New Risk • Sep 17
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,595, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,980, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 23x in the Semiconductor industry in South Korea. Total returns to shareholders of 19% over the past three years. New Risk • May 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩5,870, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total loss to shareholders of 8.2% over the past three years. New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 72% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩6,130, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,480, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩5,590, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,815, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₩4,380, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 9x in the Semiconductor industry in South Korea. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 6.8% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Announcement • Nov 30
New Power Plasma Co.,Ltd (KOSDAQ:A144960) announces an Equity Buyback for KRW 5,000 million worth of its shares. New Power Plasma Co.,Ltd (KOSDAQ:A144960) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, pursuant to a trust contract with Samsung Securities. The purpose of the program is to stabilize stock price and enhance the shareholder value. The program will expire on February 28, 2023. As of November 27, 2022, the company had 2,414,229 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. 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. 5 experienced directors. No highly experienced directors. 2 independent directors (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 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,600, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₩4,900, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,060, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 6.1% 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. 5 experienced directors. No highly experienced directors. 2 independent directors (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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩7,310, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 19% share price gain to ₩7,260, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 21x in the Semiconductor industry in South Korea. Total returns to shareholders of 111% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day low: ₩6,010 The company is down 10.0% from its price of ₩6,650 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 Semiconductor industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 18
New 90-day low: ₩6,050 The company is down 10.0% from its price of ₩6,730 on 20 October 2020. The South Korean market is up 30% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: ₩6,090 The company is down 2.0% from its price of ₩6,230 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Dec 08
New 90-day high: ₩7,220 The company is up 17% from its price of ₩6,160 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Nov 03
New Power Plasma Co.,Ltd announced that it expects to receive KRW 12.73858705 billion in funding from Samsung Electronics Co., Ltd. New Power Plasma Co.,Ltd (KOSDAQ:A144960) announced a private placement of 2,140,939 common shares at a price of KRW 5,950 for gross proceeds of KRW 12,738,587,050 on November 2, 2020. The transaction will include participation from Samsung Electronics Co., Ltd. (KOSE:A005930). The payment date for the transaction is November 16, 2020. All shares to be issued are subject to a mandatory retention for one year. The transaction has been approved by the board of directors. 
