Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,350, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩4,120, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 28x in the Semiconductor industry in South Korea. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩4,445, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 24x in the Semiconductor industry in South Korea. Total loss to shareholders of 8.4% over the past three years. New Risk • Apr 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: 13% Last year net profit margin: 19% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (₩144.8b market cap, or US$96.0m). New Risk • Mar 24
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 (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩5,140, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 83% over the past three years. Announcement • Mar 10
JI-Tech Co., Ltd., Annual General Meeting, Mar 31, 2026 JI-Tech Co., Ltd., Annual General Meeting, Mar 31, 2026, at 08:30 Tokyo Standard Time. Location: conference room, 16, junggado-gil, jeonbuk-do, gunsan South Korea Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩4,740, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 23x in the Semiconductor industry in South Korea. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 15th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
JI-Tech Co., Ltd. announces Annual dividend, payable on April 15, 2026 JI-Tech Co., Ltd. announced Annual dividend of KRW 100.0000 per share payable on April 15, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Nov 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩99.8b market cap, or US$68.6m). Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: ₩112 (vs ₩36.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩112 (up from ₩36.00 in 3Q 2024). Revenue: ₩15.9b (up 20% from 3Q 2024). Net income: ₩3.50b (up 123% from 3Q 2024). Profit margin: 22% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 08
JI-Tech Co., Ltd., Annual General Meeting, Mar 31, 2025 JI-Tech Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 16, junggado-gil, jeonbuk-do, gunsan South Korea Announcement • Mar 01
JI-Tech Co., Ltd. announces Annual dividend JI-Tech Co., Ltd. announced Annual dividend of KRW 100.0000 per share, ex-date on December 27, 2024 and record date on December 31, 2024. Announcement • Nov 23
JI-Tech Co., Ltd. (KOSDAQ:A417500) announces an Equity Buyback for KRW 1,000 million worth of its shares. JI-Tech Co., Ltd. (KOSDAQ:A417500) 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 Shinhan Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value through stabilizing stock prices. The program will expire on May 26, 2025. As of November 21, 2024, the company had 1,181,800 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,260, the stock trades at a trailing P/E ratio of 28x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩4,420, the stock trades at a trailing P/E ratio of 38x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total loss to shareholders of 21% over the past year. Announcement • Jul 04
JI-Tech Co., Ltd. (KOSDAQ:A417500) announces an Equity Buyback for KRW 3,000 million worth of its shares. JI-Tech Co., Ltd. (KOSDAQ:A417500) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Shinhan Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value through stabilizing stock prices. The program will expire on January 6, 2025. As of July 3, 2024, the company had 630,000 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. New Risk • May 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩131.9b (US$95.9m) 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 Risks Revenue has declined by 36% over the past year. High level of non-cash earnings (37% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.6% net profit margin). Market cap is less than US$100m (₩131.9b market cap, or US$95.9m). Announcement • Mar 14
JI-Tech Co., Ltd. announced that it has received KRW 10 billion in funding On March 13, 2024, JI-Tech Co., Ltd. closed the transaction. Announcement • Mar 08
JI-Tech Co., Ltd. announced that it expects to receive KRW 10 billion in funding JI-Tech Co., Ltd. announced a private placement to issue Series 1 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on March 7, 2024. The transaction included participation from new investor Kyobo IBK Advanced Materials New Technology Business Investment Association for KRW 10,000,000,000. The bonds are 100% convertible into 1,710,863 shares at a fixed conversion price of KRW 5,845 from March 13, 2025 to February 13, 2029. The bonds bear zero coupon interest rate and zero maturity rate and matures on March 13, 2029. The securities are restricted to a hold period. The has been approved by the shareholders of the company and is expected to close on March 13, 2024. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩5,660, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 86% over the past year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩5,050, the stock trades at a trailing P/E ratio of 26.5x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 95% over the past year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩3,985, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 59% over the past year. Reported Earnings • Dec 02
Third quarter 2023 earnings released Third quarter 2023 results: EPS: ₩9.00. Net income: ₩204.0m (up ₩204.0m from 3Q 2022). Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩4,855, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: ₩9.00 (vs ₩35.55 in 2Q 2022) Second quarter 2023 results: EPS: ₩9.00 (down from ₩35.55 in 2Q 2022). Revenue: ₩7.94b (up 60% from 2Q 2022). Net income: ₩286.0m (down 68% from 2Q 2022). Profit margin: 3.6% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% 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 • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,900, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩4,445, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,840, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 46% After last week's 46% share price gain to ₩7,660, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 13x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to ₩22,450, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 50% After last week's 50% share price gain to ₩19,990, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 14x in the Chemicals industry in South Korea. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩1,628 (vs ₩1,327 in FY 2021) Full year 2022 results: EPS: ₩1,628 (up from ₩1,327 in FY 2021). Revenue: ₩68.3b (up 116% from FY 2021). Net income: ₩10.9b (up 54% from FY 2021). Profit margin: 16% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses.