New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩149.5b (US$99.1m) 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 Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩149.5b market cap, or US$99.1m). Announcement • Feb 27
NuriFlex Co.,Ltd., Annual General Meeting, Mar 26, 2026 NuriFlex Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 16, sapyeong-daero, seocho-gu, seoul South Korea New Risk • Feb 04
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 10% 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 Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩59.9b market cap, or US$41.1m). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩21.00 loss per share (vs ₩320 profit in 3Q 2024) Third quarter 2025 results: ₩21.00 loss per share (down from ₩320 profit in 3Q 2024). Revenue: ₩22.1b (down 64% from 3Q 2024). Net loss: ₩238.4m (down 107% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. New Risk • Jul 29
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 8.1% 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: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₩48.8b market cap, or US$35.1m). Reported Earnings • Mar 22
Full year 2024 earnings released: ₩367 loss per share (vs ₩260 profit in FY 2023) Full year 2024 results: ₩367 loss per share (down from ₩260 profit in FY 2023). Revenue: ₩129.3b (down 2.6% from FY 2023). Net loss: ₩4.15b (down 241% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Feb 25
NuriFlex Co.,Ltd., Annual General Meeting, Mar 26, 2025 NuriFlex Co.,Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 16, sapyeong-daero, seocho-gu, seoul South Korea New Risk • Mar 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩42.8b market cap, or US$31.7m). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩260 (vs ₩55.00 in FY 2022) Full year 2023 results: EPS: ₩260 (up from ₩55.00 in FY 2022). Revenue: ₩132.7b (up 6.4% from FY 2022). Net income: ₩2.94b (up 369% from FY 2022). Profit margin: 2.2% (up from 0.5% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₩4,080, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 18x in the Communications industry in South Korea. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,260, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 35% over the past three years. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Founder & Chairman Song-Man Cho was the last director to join the board, commencing their role in 2020. 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 • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₩6,560, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 4.6% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩6,780, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 8.1% over the past three years. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Founder & Chairman Song-Man Cho was the last director to join the board, commencing their role in 2020. 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 • Nov 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,290, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 14x in the Communications industry in South Korea. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩7,430, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 14x in the Communications industry in South Korea. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 33% share price gain to ₩9,420, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 29x in the Communications industry in South Korea. Total returns to shareholders of 2.5% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day low: ₩7,430 The company is down 5.0% from its price of ₩7,850 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ₩9,090 The company is up 15% from its price of ₩7,910 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.