New Risk • 22h
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 (25% 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 15
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₩49,650, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 20x in the Communications industry in South Korea. Total returns to shareholders of 526% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩34,000, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 19x in the Communications industry in South Korea. Total returns to shareholders of 330% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩27,050, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 11x in the Communications industry in South Korea. Total returns to shareholders of 238% over the past three years. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩5,030 (vs ₩4,009 in FY 2024) Full year 2025 results: EPS: ₩5,030 (up from ₩4,009 in FY 2024). Revenue: ₩4.29t (up 28% from FY 2024). Net income: ₩75.7b (up 23% from FY 2024). Profit margin: 1.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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 (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩19,410, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Communications industry in South Korea. Total returns to shareholders of 150% over the past three years. Announcement • Feb 28
Samji Electronics Co., Ltd., Annual General Meeting, Mar 25, 2026 Samji Electronics Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 63-27, geumgok-ro, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩20,850, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 9x in the Communications industry in South Korea. Total returns to shareholders of 167% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,500, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 9x in the Communications industry in South Korea. Total returns to shareholders of 117% over the past three years. Announcement • Jan 02
Samji Electronics Co., Ltd. (KOSDAQ:A037460) announces an Equity Buyback for KRW 15,000 million worth of its shares. Samji Electronics Co. Ltd. (KOSE:A037460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 15,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value and to stabilize stock price. The repurchase program will expire on July 2, 2026. As of January 1, 2026, the company had 1,444,096 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Nov 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% 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 (36% 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 - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Jun 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to ₩10,530. The fair value is estimated to be ₩8,613, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 17%. Buy Or Sell Opportunity • May 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₩10,320. The fair value is estimated to be ₩8,548, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 14%. Announcement • Apr 25
Samji Electronics Co., Ltd. (KOSDAQ:A037460) announces an Equity Buyback for KRW 3,000 million worth of its shares. Samji Electronics Co. Ltd. (KOSE:A037460) 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 NH INVESTMENT & SECURITIES CO.,LTD. The purpose of the program is to enhance shareholder value and to stabilize stock price. The repurchase program will expire on October 24, 2025. As of April 24, 2025, the company had 1,189,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩4,009 (vs ₩2,103 in FY 2023) Full year 2024 results: EPS: ₩4,009 (up from ₩2,103 in FY 2023). Revenue: ₩3.36t (up 33% from FY 2023). Net income: ₩61.5b (up 91% from FY 2023). Profit margin: 1.8% (up from 1.3% 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 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 28
Samji Electronics Co., Ltd., Annual General Meeting, Mar 21, 2025 Samji Electronics Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 63-27, geumgok-ro, gyeonggi-do, hwaseong South Korea Announcement • Dec 06
Samji Electronics Co., Ltd. (KOSDAQ:A037460) announces an Equity Buyback for KRW 2,000 million worth of its shares. Samji Electronics Co. Ltd. (KOSE:A037460) 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 NH Investment & Securities. The purpose of the program is to enhance shareholder value and to stabilize stock price. The repurchase program will expire on June 5, 2025. As of December 5, 2024, the company had 966,610 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Nov 22
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: 1.4% Last year net profit margin: 2.1% 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. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (₩129.4b market cap, or US$92.4m). New Risk • Sep 17
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩131.6b market cap, or US$100.0m). New Risk • May 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩2,103 (vs ₩3,132 in FY 2022) Full year 2023 results: EPS: ₩2,103 (down from ₩3,132 in FY 2022). Revenue: ₩2.53t (down 14% from FY 2022). Net income: ₩32.3b (down 33% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩450 per share at 5.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.3%). New Risk • Jul 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩129.4b (US$99.8m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩129.4b market cap, or US$99.8m). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩3,132 (vs ₩2,072 in FY 2021) Full year 2022 results: EPS: ₩3,132 (up from ₩2,072 in FY 2021). Revenue: ₩2.92t (up 18% from FY 2021). Net income: ₩48.1b (up 51% from FY 2021). Profit margin: 1.6% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.2%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩7,970, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 10x in the Communications industry in South Korea. Total loss to shareholders of 20% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₩15,500, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 26x in the Communications industry in South Korea. Total returns to shareholders of 33% over the past three years. Is New 90 Day High Low • Jan 08
New 90-day high: ₩12,700 The company is up 11% from its price of ₩11,450 on 08 October 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 4.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩140 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.2% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.7%).