Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to ₩1,240. The fair value is estimated to be ₩1,570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Feb 28
SCD Co., Ltd., Annual General Meeting, Mar 27, 2026 SCD Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 21, hyeongje-ro 17beon-gil, namsa-myeon, cheoin-gu, gyeonggi-do, yongin South Korea Buy Or Sell Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to ₩1,212. The fair value is estimated to be ₩1,534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Dec 22
Upcoming dividend of ₩35.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). New Risk • Nov 21
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: 2.5% Last year net profit margin: 4.6% 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 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 (2.5% net profit margin). Market cap is less than US$100m (₩60.7b market cap, or US$41.2m). Buy Or Sell Opportunity • Nov 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to ₩1,235. The fair value is estimated to be ₩1,546, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Declared Dividend • Nov 08
Dividend of ₩35.00 announced Dividend of ₩35.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 2.9%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
SCD Co., Ltd. announces Annual dividend, payable on April 14, 2026 SCD Co., Ltd. announced Annual dividend of KRW 35.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Mar 01
SCD Co., Ltd., Annual General Meeting, Mar 28, 2025 SCD Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 21, hyeongje-ro 17beon-gil, namsa-myeon, cheoin-gu, gyeonggi-do, yongin South Korea New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩68.8b market cap, or US$49.2m). 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 (₩68.9b market cap, or US$52.3m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩59.00 (vs ₩27.00 in 1Q 2023) First quarter 2024 results: EPS: ₩59.00 (up from ₩27.00 in 1Q 2023). Revenue: ₩54.5b (up 8.6% from 1Q 2023). Net income: ₩2.86b (up 123% from 1Q 2023). Profit margin: 5.2% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩35.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩1,786, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 49% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 22% share price gain to ₩2,450, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 70% 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 15% share price decline to ₩2,180, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₩2,545, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 64% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 32% share price gain to ₩2,925, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 25x in the Electronic industry in South Korea. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 26% share price gain to ₩2,550, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Electronic industry in South Korea. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₩2,140, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 24x in the Electronic industry in South Korea. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₩1,980, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 25x in the Electronic industry in South Korea. Total returns to shareholders of 30% over the past three years. Is New 90 Day High Low • Feb 24
New 90-day low: ₩1,400 The company is down 8.0% from its price of ₩1,530 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,560, the stock is trading at a trailing P/E ratio of 29.6x, down from the previous P/E ratio of 36.1x. This compares to an average P/E of 27x in the Electronic industry in South Korea. Total return to shareholders over the past three years is a loss of 5.0%. Is New 90 Day High Low • Dec 08
New 90-day high: ₩2,050 The company is up 90% from its price of ₩1,080 on 09 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 11% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 23% share price gain to ₩1,985, the stock is trading at a trailing P/E ratio of 37.7x, up from the previous P/E ratio of 30.6x. This compares to an average P/E of 25x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 20%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 16% share price gain to ₩1,610, the stock is trading at a trailing P/E ratio of 30.4x, up from the previous P/E ratio of 26.1x. This compares to an average P/E of 24x in the Electronic industry in South Korea. Total return to shareholders over the past three years is a loss of 1.1%. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ₩40.00 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩55.6b (up 24% from 3Q 2019). Net income: ₩1.91b (up ₩5.70b from 3Q 2019). Profit margin: 3.4% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.