Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to ₩25,100, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 86% over the past three years. New Risk • Jul 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 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩32,400, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩36,000, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩39,450, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 31x in the Semiconductor industry in South Korea. Total returns to shareholders of 247% 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 28% 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 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Apr 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 86% to ₩27,150. The fair value is estimated to be ₩21,608, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 33%. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩25,600, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total returns to shareholders of 89% over the past three years. New Risk • Mar 18
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 12% 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 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Mar 13
CYMECHS Inc., Annual General Meeting, Mar 31, 2026 CYMECHS Inc., Annual General Meeting, Mar 31, 2026, at 14:00 Tokyo Standard Time. Location: auditorium, 47, dongtansandan 2-gil, dongtan-myeon, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩21,200, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 55% over the past three years. Buy Or Sell Opportunity • Feb 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to ₩17,420. The fair value is estimated to be ₩22,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 33%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩17,570, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Nov 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ₩15,190. The fair value is estimated to be ₩12,621, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Sep 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to ₩16,500. The fair value is estimated to be ₩13,261, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩14,830, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x 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 • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩11,070, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: ₩1,508 (vs ₩1,078 in FY 2023) Full year 2024 results: EPS: ₩1,508 (up from ₩1,078 in FY 2023). Revenue: ₩165.1b (up 5.4% from FY 2023). Net income: ₩15.4b (up 40% from FY 2023). Profit margin: 9.3% (up from 7.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Mar 11
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 8.8% 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 9.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩103.2b market cap, or US$70.8m). Announcement • Mar 06
CYMECHS Inc., Annual General Meeting, Mar 20, 2025 CYMECHS Inc., Annual General Meeting, Mar 20, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 47, dongtansandan 2-gil, dongtan-myeon, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩11,640, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩10,220, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩8,800, the stock trades at a trailing P/E ratio of 21.8x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past three years. New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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 9.0% per year over the past 5 years. 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. Market cap is less than US$100m (₩87.7b market cap, or US$62.9m). New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩126.7b market cap, or US$94.9m). 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 ₩12,650, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total loss to shareholders of 39% over the past three years. Buy Or Sell Opportunity • May 30
Now 20% undervalued Over the last 90 days, the stock has risen 29% to ₩21,700. The fair value is estimated to be ₩27,131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 50%. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock has risen 25% to ₩18,150. The fair value is estimated to be ₩23,117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 49%. New Risk • Apr 17
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 8.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Apr 08
Now 21% undervalued Over the last 90 days, the stock has risen 23% to ₩18,090. The fair value is estimated to be ₩23,035, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 49%. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩1,157 (vs ₩761 in FY 2022) Full year 2023 results: EPS: ₩1,157 (up from ₩761 in FY 2022). Revenue: ₩156.6b (down 20% from FY 2022). Net income: ₩11.0b (up 44% from FY 2022). Profit margin: 7.0% (up from 3.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩19,480, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 12% over the past three years. Buy Or Sell Opportunity • Feb 26
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₩15,390. The fair value is estimated to be ₩12,773, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 45%. Buy Or Sell Opportunity • Jan 22
Now 20% overvalued Over the last 90 days, the stock has fallen 5.4% to ₩14,550. The fair value is estimated to be ₩12,095, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 45%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩368 (vs ₩529 in 1Q 2022) First quarter 2023 results: EPS: ₩368 (down from ₩529 in 1Q 2022). Revenue: ₩36.3b (down 23% from 1Q 2022). Net income: ₩3.91b (down 27% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩761 (vs ₩2,347 in FY 2021) Full year 2022 results: EPS: ₩761 (down from ₩2,347 in FY 2021). Revenue: ₩195.1b (down 20% from FY 2021). Net income: ₩7.64b (down 69% from FY 2021). Profit margin: 3.9% (down from 10% in FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩12,050, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩350 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₩18,700, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₩17,300, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩18,350, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 90% over the past three years. Is New 90 Day High Low • Jan 20
New 90-day high: ₩21,900 The company is up 58% from its price of ₩13,850 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 44% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩20,800 The company is up 53% from its price of ₩13,600 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 29% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.8%). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₩20,300, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.3x. 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%. Is New 90 Day High Low • Dec 08
New 90-day high: ₩17,000 The company is up 16% from its price of ₩14,600 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. Is New 90 Day High Low • Nov 16
New 90-day high: ₩15,150 The company is up 19% from its price of ₩12,700 on 18 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 7.0% over the same period.