Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩2,380, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total loss to shareholders of 11% over the past three years. New Risk • Jun 01
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: 10% Last year net profit margin: 16% 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 Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (₩102.8b market cap, or US$68.1m). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩4,195, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩3,230, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 31% over the past three years. New Risk • Apr 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 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: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (₩66.8b market cap, or US$44.4m). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩2,055, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total loss to shareholders of 28% over the past three years. Announcement • Feb 27
Pro2000 Co.,Ltd., Annual General Meeting, Mar 30, 2026 Pro2000 Co.,Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 17, gosan-ro 148beon-gil, gyeonggi-do, gunpo South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 April 2026. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,762, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 34% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩30.00 (vs ₩35.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩30.00 (up from ₩35.00 loss in 3Q 2024). Revenue: ₩6.00b (down 13% from 3Q 2024). Net income: ₩820.3m (up ₩1.82b from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩20.00 announced Dividend of ₩20.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th April 2026 Dividend yield will be 1.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 73% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years. Announcement • Nov 07
Pro2000 Co.,Ltd. announces Annual dividend, payable on April 30, 2026 Pro2000 Co.,Ltd. announced Annual dividend of KRW 20.0000 per share payable on April 30, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Sep 12
Now 20% undervalued Over the last 90 days, the stock has risen 3.9% to ₩2,265. The fair value is estimated to be ₩2,838, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Aug 27
Now 21% undervalued Over the last 90 days, the stock has risen 1.4% to ₩2,210. The fair value is estimated to be ₩2,781, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Aug 15
Second quarter 2025 earnings released: ₩48.00 loss per share (vs ₩92.00 profit in 2Q 2024) Second quarter 2025 results: ₩48.00 loss per share (down from ₩92.00 profit in 2Q 2024). Revenue: ₩8.18b (down 47% from 2Q 2024). Net loss: ₩1.31b (down 151% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Aug 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 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: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩69.5b market cap, or US$50.4m). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩2,545, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩199 (vs ₩122 in FY 2023) Full year 2024 results: EPS: ₩199 (up from ₩122 in FY 2023). Revenue: ₩36.0b (up 8.0% from FY 2023). Net income: ₩5.60b (up 63% from FY 2023). Profit margin: 16% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 14
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₩2,315. The fair value is estimated to be ₩1,865, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 52%. Announcement • Mar 01
Pro2000 Co.,Ltd., Annual General Meeting, Mar 28, 2025 Pro2000 Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 17, gosan-ro 148beon-gil, gyeonggi-do, gunpo South Korea Buy Or Sell Opportunity • Feb 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to ₩2,365. The fair value is estimated to be ₩1,937, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 52%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 30 April 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (0.8%). New Risk • Dec 16
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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩57.7b market cap, or US$40.1m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,724, the stock trades at a trailing P/E ratio of 21x. Average forward P/E is 10x in the Semiconductor industry in South Korea. Total loss to shareholders of 45% over the past three years. Buy Or Sell Opportunity • Nov 20
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at ₩2,440. The fair value is estimated to be ₩1,971, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 52%. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩2,440, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩92.00 (vs ₩58.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩92.00 (up from ₩58.00 in 2Q 2023). Revenue: ₩15.5b (up 54% from 2Q 2023). Net income: ₩2.59b (up 59% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Buy Or Sell Opportunity • Aug 09
Now 26% overvalued Over the last 90 days, the stock has fallen 12% to ₩2,420. The fair value is estimated to be ₩1,916, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last year. Earnings per share has declined by 19%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩2,085, the stock trades at a trailing P/E ratio of 15.9x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 47% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩47.00 (vs ₩38.00 in 1Q 2023) First quarter 2024 results: EPS: ₩47.00 (up from ₩38.00 in 1Q 2023). Revenue: ₩7.11b (down 11% from 1Q 2023). Net income: ₩1.31b (up 23% from 1Q 2023). Profit margin: 19% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Buy Or Sell Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to ₩2,910. The fair value is estimated to be ₩3,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 240%. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩3,185, the stock trades at a trailing P/E ratio of 29.2x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 57% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,690, the stock trades at a trailing P/E ratio of 29.3x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 86% over the past three years. New Risk • Aug 26
New major risk - Revenue and earnings growth Revenue has declined by 6.0% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 6.0% over the past year. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩103.2b market cap, or US$78.0m). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,750, the stock trades at a trailing P/E ratio of 23.3x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,330, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,355, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 69% over the past three years. Reported Earnings • May 31
First quarter 2023 earnings released: EPS: ₩38.00 (vs ₩41.00 in 1Q 2022) First quarter 2023 results: EPS: ₩38.00 (down from ₩41.00 in 1Q 2022). Revenue: ₩7.99b (down 6.8% from 1Q 2022). Net income: ₩1.07b (down 2.4% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩3,130, the stock trades at a trailing P/E ratio of 19.4x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,565, the stock trades at a trailing P/E ratio of 22.1x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩3,020, the stock trades at a trailing P/E ratio of 40.5x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: EPS: ₩64.00. Net income: ₩1.81b (up ₩1.81b from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₩2,625, the stock trades at a trailing P/E ratio of 71.9x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩2,430, the stock trades at a trailing P/E ratio of 66.6x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total returns to shareholders of 15% over the past three years. Reported Earnings • Jun 02
First quarter 2022 earnings released First quarter 2022 results: EPS: ₩41.00. Revenue: ₩8.57b (flat on 1Q 2021). Net income: ₩1.10b (up ₩1.10b from 1Q 2021). Profit margin: 13% (up from null in 1Q 2021). Over the next year, revenue is forecast to grow 8.6%, compared to a 26% growth forecast for the industry in South Korea. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,170, the stock trades at a trailing P/E ratio of 41.1x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 32% share price gain to ₩4,020, the stock trades at a trailing P/E ratio of 52.2x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₩2,955, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 47% over the past year.