New Risk • May 04
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. This is currently the only risk that has been identified for the company. New Risk • Mar 05
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 High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Mar 04
AUROS Technology, Inc., Annual General Meeting, Mar 23, 2026 AUROS Technology, Inc., Annual General Meeting, Mar 23, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 25, samsung 1-ro 5-gil, dongtan-gu, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩21,950, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩32,350, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 179% over the past three years. New Risk • Oct 10
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 7.2% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩24,500, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 87% over the past three years. Major Estimate Revision • Aug 19
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩72.0m to ₩65.0m. EPS estimate also fell from ₩983 per share to ₩669 per share. Net income forecast to shrink 36% next year vs 17% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩31,000 unchanged from last update. Share price rose 7.1% to ₩22,000 over the past week. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,900, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 47% over the past three years. Major Estimate Revision • May 15
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩74.0m to ₩72.0m. EPS estimate also fell from ₩1,674 per share to ₩983 per share. Net income forecast to grow 52% next year vs 18% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩33,000 to ₩31,000. Share price was steady at ₩22,650 over the past week. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩22,100, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩18,160, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past three years. Price Target Changed • Mar 22
Price target increased by 10% to ₩33,000 Up from ₩30,000, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₩24,400. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩1,403 for next year compared to ₩638 last year. Reported Earnings • Mar 14
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩638 (up from ₩363 in FY 2023). Revenue: ₩61.4b (up 35% from FY 2023). Net income: ₩5.91b (up 75% from FY 2023). Profit margin: 9.6% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 168%. Revenue is forecast to grow 23% 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 increased by 88% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
AUROS Technology, Inc., Annual General Meeting, Mar 20, 2025 AUROS Technology, Inc., Annual General Meeting, Mar 20, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 15-23, dongtansandan 6-gil, gyeonggi-do, hwaseong South Korea Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 39%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩55.0m to ₩57.0m. EPS estimate fell from ₩388 to ₩238 per share. Net income forecast to grow 694% next year vs 67% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩25,500 to ₩30,000. Share price rose 19% to ₩24,450 over the past week. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩306 (vs ₩356 in 3Q 2023) Third quarter 2024 results: EPS: ₩306 (down from ₩356 in 3Q 2023). Revenue: ₩16.6b (up 31% from 3Q 2023). Net income: ₩2.83b (down 14% from 3Q 2023). Profit margin: 17% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩128.9b (US$91.7m) 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 High level of non-cash earnings (40% accrual ratio). Minor Risk Market cap is less than US$100m (₩128.9b market cap, or US$91.7m). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩13,910, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past three years. Announcement • Sep 12
AUROS Technology, Inc. (KOSDAQ:A322310) announces an Equity Buyback for KRW 1,000 million worth of its shares. AUROS Technology, Inc. (KOSDAQ:A322310) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to stabilize stock price and stock price enhancement. The program will expire on March 12, 2025. As of September 12, 2024, the company had 98,397 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Major Estimate Revision • Sep 11
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩415 to ₩325. Revenue forecast unchanged from ₩52.5m at last update. Net income forecast to grow 350% next year vs 93% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩28,500 to ₩25,500. Share price fell 9.1% to ₩15,590 over the past week. New Risk • Aug 05
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 11% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to ₩20,600. The fair value is estimated to be ₩27,096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Meanwhile, the company became loss making. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩27,800, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total loss to shareholders of 40% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₩363 (up from ₩321 loss in FY 2022). Revenue: ₩45.5b (up 29% from FY 2022). Net income: ₩3.38b (up ₩6.36b from FY 2022). Profit margin: 7.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩356 (vs ₩38.00 loss in 3Q 2022) Third quarter 2023 results: EPS: ₩356 (up from ₩38.00 loss in 3Q 2022). Revenue: ₩12.7b (up 86% from 3Q 2022). Net income: ₩3.32b (up ₩3.68b from 3Q 2022). Profit margin: 26% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Announcement • Jul 26
AUROS Technology, Inc. (KOSDAQ:A322310) announces an Equity Buyback for KRW 2,000 million worth of its shares. AUROS Technology, Inc. (KOSDAQ:A322310) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to stabilize stock price and stock price enhancement. The program will expire on January 26, 2024. As of July 25, 2023, the company had 6,587 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Jun 28
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 9.0% 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 Less than 1 year of cash runway based on free cash flow trend (-₩13b free cash flow). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change).