New Risk • May 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩76b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩76b free cash flow). Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 3.8% 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 3.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Feb 11
Philoptics Co., Ltd., Annual General Meeting, Mar 25, 2026 Philoptics Co., Ltd., Annual General Meeting, Mar 25, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 1-19, jigotjungang-ro, gyeonggi-do, osan South Korea New Risk • Nov 03
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 9.1% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Aug 19
Second quarter 2025 earnings released: ₩296 loss per share (vs ₩164 profit in 2Q 2024) Second quarter 2025 results: ₩296 loss per share (down from ₩164 profit in 2Q 2024). Revenue: ₩33.8b (down 72% from 2Q 2024). Net loss: ₩6.77b (down 282% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 24
Philoptics Co., Ltd. announced that it has received KRW 17.44251 billion in funding from TKG TAEKWANG Co., Ltd On July 22, 2025, Philoptics Co., Ltd. closed the transaction. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩245 (vs ₩357 loss in FY 2023) Full year 2024 results: EPS: ₩245 (up from ₩357 loss in FY 2023). Revenue: ₩410.9b (up 37% from FY 2023). Net income: ₩5.58b (up ₩13.6b from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
Philoptics Co., Ltd., Annual General Meeting, Mar 25, 2025 Philoptics Co., Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 1-19, jigotjungang-ro, gyeonggi-do, osan South Korea New Risk • Feb 06
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 14% 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 (14% average weekly change). High level of non-cash earnings (26% accrual ratio). Reported Earnings • Nov 14
Third quarter 2024 earnings released: ₩194 loss per share (vs ₩344 loss in 3Q 2023) Third quarter 2024 results: ₩194 loss per share (improved from ₩344 loss in 3Q 2023). Revenue: ₩70.5b (up 220% from 3Q 2023). Net loss: ₩4.42b (loss narrowed 44% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Sep 26
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 12% 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Paying a dividend despite having no free cash flows. High level of non-cash earnings (50% accrual ratio). New Risk • Aug 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 233% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Paying a dividend despite having no free cash flows. High level of non-cash earnings (50% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Mar 28
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 14% 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Buy Or Sell Opportunity • Feb 01
Now 23% undervalued Over the last 90 days, the stock has risen 3.8% to ₩9,600. The fair value is estimated to be ₩12,502, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 27
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be ₩13,088, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 23
Now 21% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be ₩12,629, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 29
Philoptics Co., Ltd. (KOSDAQ:A161580) announces an Equity Buyback for KRW 6,215.63 million worth of its shares. Philoptics Co., Ltd. (KOSDAQ:A161580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,215.63 million worth of its shares each pursuant to a contracts with Samsung Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on January 27, 2024. As of July 27, 2023, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩12,110, the stock trades at a trailing P/E ratio of 40.9x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% 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: 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 (14% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.6% increase in shares outstanding). New Risk • Jul 06
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 8.2% 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 (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩12,420, the stock trades at a trailing P/E ratio of 40x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 2.9% over the past three years. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ₩314 (vs ₩47.00 in 1Q 2022) First quarter 2023 results: EPS: ₩314 (up from ₩47.00 in 1Q 2022). Revenue: ₩137.1b (up 128% from 1Q 2022). Net income: ₩5.72b (up ₩5.07b from 1Q 2022). Profit margin: 4.2% (up from 1.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 08
New 90-day low: ₩12,450 The company is down 3.0% from its price of ₩12,850 on 08 December 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 17% over the same period. Announcement • Feb 10
Philoptics Co., Ltd., Annual General Meeting, Mar 29, 2021 Philoptics Co., Ltd., Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 22
New 90-day high: ₩16,350 The company is up 18% from its price of ₩13,800 on 23 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩29,067 per share. Is New 90 Day High Low • Dec 29
New 90-day high: ₩15,400 The company is up 6.0% from its price of ₩14,550 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩28,417 per share. Announcement • Oct 29
Philoptics Co., Ltd. announced that it has received KRW 13.00000425 billion in funding from KB Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm On October 28, 2020, Philoptics Co., Ltd. (KOSDAQ:A161580) closed the transaction.