New Risk • Jun 25
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 16% 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 (16% average weekly change). Earnings have declined by 55% per year over the past 5 years. New Risk • May 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 16% 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 (16% average weekly change). Earnings have declined by 52% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩136.9b market cap, or US$92.9m). Reported Earnings • Mar 20
Full year 2025 earnings released: ₩769 loss per share (vs ₩182 loss in FY 2024) Full year 2025 results: ₩769 loss per share (further deteriorated from ₩182 loss in FY 2024). Revenue: ₩67.9b (down 19% from FY 2024). Net loss: ₩9.94b (loss widened 320% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
ASFLOW Co., LTD., Annual General Meeting, Mar 31, 2026 ASFLOW Co., LTD., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 38, jeongnamsandan-ro, jeongnam-myeon, gyeonggi-do, hwaseong South Korea New Risk • Dec 01
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 8.1% 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 (8.5% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₩55.6b market cap, or US$37.8m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ₩417 loss per share (vs ₩17.00 loss in 2Q 2024) Second quarter 2025 results: ₩417 loss per share (further deteriorated from ₩17.00 loss in 2Q 2024). Revenue: ₩14.9b (down 30% from 2Q 2024). Net loss: ₩5.39b (loss widened ₩5.17b from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 15
Full year 2024 earnings released: ₩182 loss per share (vs ₩272 profit in FY 2023) Full year 2024 results: ₩182 loss per share (down from ₩272 profit in FY 2023). Revenue: ₩83.6b (down 3.8% from FY 2023). Net loss: ₩2.37b (down 166% from profit in FY 2023). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 05
ASFLOW Co., LTD., Annual General Meeting, Mar 26, 2025 ASFLOW Co., LTD., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 38, jeongnamsandan-ro, jeongnam-myeon, gyeonggi-do, hwaseong South Korea New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Debt is not well covered by operating cash flow (2.5% operating cash flow to total debt). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩60.9b market cap, or US$43.7m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: ₩17.00 loss per share (vs ₩137 profit in 2Q 2023) Second quarter 2024 results: ₩17.00 loss per share (down from ₩137 profit in 2Q 2023). Revenue: ₩21.4b (down 15% from 2Q 2023). Net loss: ₩219.2m (down 112% from profit in 2Q 2023). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩7,230, the stock trades at a trailing P/E ratio of 34.9x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,470, the stock trades at a trailing P/E ratio of 50.5x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 32% over the past year. Announcement • May 28
ASFLOW Co., LTD. (KOSDAQ:A159010) announces an Equity Buyback for KRW 2,000 million worth of its shares. ASFLOW Co., LTD. (KOSDAQ:A159010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million, pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to uplift the shareholder value and stabilize the stock price. The program will expire on November 26, 2024. As of May 26, 2024, the company had 209,411 shares in treasury within scope available for dividend and no shares under other acquisitions. Announcement • Nov 21
ASFLOW Co., LTD. (KOSDAQ:A159010) announces an Equity Buyback for KRW 2,000 million worth of its shares. ASFLOW Co., LTD. (KOSDAQ:A159010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million, pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to uplift the shareholder value and stabilize the stock price. The program will expire on May 20, 2024. As of November 19, 2023, the company had 189,422 shares in treasury within scope available for dividend and no shares under other acquisitions. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩9,800, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 6.2% over the past year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩9,800, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 6.2% over the past year. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩132.4b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (₩132.4b market cap, or US$97.8m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩15,230, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 113% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩22,127 per share. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩680 (vs ₩335 in FY 2021) Full year 2022 results: EPS: ₩680 (up from ₩335 in FY 2021). Revenue: ₩88.7b (up 51% from FY 2021). Net income: ₩9.05b (up 128% from FY 2021). Profit margin: 10% (up from 6.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Semiconductor industry in South Korea. Reported Earnings • Nov 28
Third quarter 2022 earnings released: EPS: ₩344 (vs ₩114 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩344 (up from ₩114 loss in 3Q 2021). Revenue: ₩25.9b (up 127% from 3Q 2021). Net income: ₩4.58b (up ₩5.88b from 3Q 2021). Profit margin: 18% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in South Korea. Announcement • Nov 03
ASFLOW Co., LTD. (KOSDAQ:A159010) announces an Equity Buyback for KRW 2,000 million worth of its shares. ASFLOW Co., LTD. (KOSDAQ:A159010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million, pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to uplift the shareholder value and stabilize the stock price. The program will expire on May 4, 2023. As of November 2, 2022, the company had no shares in treasury within scope available for dividend and in treasury under other acquisitions. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₩8,740, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 2.2% over the past year. Reported Earnings • Aug 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₩22.7b (up 74% from 2Q 2021). Net income: ₩2.70b (up 75% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 61%, compared to a 9.9% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 21% share price gain to ₩10,800, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 25% share price gain to ₩28,400, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 10x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩19,100, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 10x in the Semiconductor industry in South Korea. Reported Earnings • Jun 02
First quarter 2022 earnings released: ₩31.00 loss per share (vs ₩459 profit in 1Q 2021) First quarter 2022 results: ₩31.00 loss per share (down from ₩459 profit in 1Q 2021). Revenue: ₩14.2b (up 9.0% from 1Q 2021). Net loss: ₩214.8m (down 114% from profit in 1Q 2021). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 17% share price gain to ₩25,750, the stock trades at a trailing P/E ratio of 19.2x. Average forward P/E is 4x in the Metals and Mining industry in South Korea. Announcement • Oct 09
ASFLOW Co., LTD. has completed an IPO in the amount of KRW 15.75 billion. ASFLOW Co., LTD. has completed an IPO in the amount of KRW 15.75 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 630,000
Price\Range: KRW 25000
Discount Per Security: KRW 570
Transaction Features: ESOP Related Offering; Sponsor Backed Offering