Valuation Update With 7 Day Price Move • 21h
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩15,090, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 487% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,170, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 587% over the past three years. New Risk • May 15
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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩8,560, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,730, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 126% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩777 (vs ₩556 in FY 2024) Full year 2025 results: EPS: ₩777 (up from ₩556 in FY 2024). Revenue: ₩3.76t (up 30% from FY 2024). Net income: ₩75.8b (up 40% from FY 2024). Profit margin: 2.0% (up from 1.9% in FY 2024). The increase in margin 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 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
SAMT Co., Ltd., Annual General Meeting, Mar 25, 2026 SAMT Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 421, yeongdong-daero, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,510, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,235, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 91% over the past three years. Buy Or Sell Opportunity • Dec 30
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₩4,150. The fair value is estimated to be ₩3,213, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Dec 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ₩3,890. The fair value is estimated to be ₩3,218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Declared Dividend • Nov 16
Dividend of ₩200 announced Dividend of ₩200 is the same as last year. Ex-date: 29th December 2025 Payment date: 15th April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (45% 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 dividend has increased by an average of 7.4% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,960, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 76% over the past three years. Buy Or Sell Opportunity • Nov 11
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ₩3,975. The fair value is estimated to be ₩3,216, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 5.1%. New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. 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 (38% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. New Risk • Aug 29
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.4% net profit margin). Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to ₩2,545. The fair value is estimated to be ₩3,318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 10%. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩556 (vs ₩336 in FY 2023) Full year 2024 results: EPS: ₩556 (up from ₩336 in FY 2023). Revenue: ₩2.89t (up 35% from FY 2023). Net income: ₩54.4b (up 65% from FY 2023). Profit margin: 1.9% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Announcement • Feb 28
SAMT Co., Ltd., Annual General Meeting, Mar 21, 2025 SAMT Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 421, yeongdong-daero, gangnam-gu, seoul South Korea Buy Or Sell Opportunity • Dec 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₩2,625. The fair value is estimated to be ₩3,408, 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 12%. New Risk • Dec 09
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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₩2,665. The fair value is estimated to be ₩3,418, 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 12%. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩81.00 (vs ₩89.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩81.00 (down from ₩89.00 in 3Q 2023). Revenue: ₩734.1b (up 36% from 3Q 2023). Net income: ₩7.91b (down 9.4% from 3Q 2023). Profit margin: 1.1% (down from 1.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Declared Dividend • Nov 15
Dividend of ₩200 announced Shareholders will receive a dividend of ₩200. Ex-date: 27th December 2024 Payment date: 14th April 2025 Dividend yield will be 7.4%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (34% 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 dividend has increased by an average of 9.0% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₩2,710. The fair value is estimated to be ₩3,417, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩336 (vs ₩590 in FY 2022) Full year 2023 results: EPS: ₩336 (down from ₩590 in FY 2022). Revenue: ₩2.15t (down 16% from FY 2022). Net income: ₩32.9b (down 43% from FY 2022). Profit margin: 1.5% (down from 2.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩230 per share at 7.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). New Risk • Aug 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩590 (vs ₩614 in FY 2021) Full year 2022 results: EPS: ₩590 (down from ₩614 in FY 2021). Revenue: ₩2.54t (up 14% from FY 2021). Net income: ₩57.8b (down 3.9% from FY 2021). Profit margin: 2.3% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (9 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₩3,336, 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 3 years. Earnings per share has grown by 33%. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (9 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,760, the stock trades at a trailing P/E ratio of 12.7x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 219% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 33% share price gain to ₩5,640, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 271% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₩4,100, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,470, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 24x in the Electronic industry in South Korea. Total returns to shareholders of 100% over the past three years. Is New 90 Day High Low • Jan 25
New 90-day high: ₩2,595 The company is up 18% from its price of ₩2,205 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 58% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩140 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 5.7% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (0.5%). Is New 90 Day High Low • Dec 11
New 90-day high: ₩2,490 The company is up 16% from its price of ₩2,145 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ₩2,475 The company is up 17% from its price of ₩2,110 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: ₩2,280 The company is up 10.0% from its price of ₩2,070 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period.