Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩9,490, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Communications industry in South Korea. Total returns to shareholders of 83% over the past three years. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to ₩10,480. The fair value is estimated to be ₩13,211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 2.8% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩13,510, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Communications industry in South Korea. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,130, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 23x in the Communications industry in South Korea. Total returns to shareholders of 228% over the past three years. Announcement • May 05
SOLiD Introduces nGENESIS Digital Distributed Antenna System Platform For United States Market SOLiD introduced the SOLiD nGENESIS active distributed antenna system (DAS) platform for the United States market. This carrier-grade, digital DAS solution delivers 4G and 5G frequency bands in multiple power classes to empower seamless, multi-operator, neutral-host in-building connectivity. The fourth-generation SOLiD nGENESIS digital DAS pairs maximum bandwidth and outstanding performance with energy-saving efficiency in a small footprint. This unified active DAS platform is deployed at the highest capacity venues across Europe, delivering simple, scalable, sustainable, neutral-host mobile coverage. The SOLiD nGENESIS DAS is optimized for industry-leading performance, providing high-capacity data transmission with up to two 25 Gbps fiber optic transmissions in a scalable digital platform. Offering unprecedented energy and space savings, this digital DAS sets a new benchmark in energy efficiency by reducing headend power consumption and radio node power usage by more than 50 percent, all in a compact, space-saving design. Optional redundant and expandable power supply units are also available. The nGENESIS DAS platform simplifies deployment and scales effortlessly to provide versatile neutral-host connectivity for a range of industries, from transportation and stadiums to healthcare and hospitality. This digital system features unified compatibility across a full solution suite, including the following components: nDAU - The head-end unit for nGENESIS digitizes, filters, and distributes signals via optical interfaces, supporting Open RAN and radio frequency (RF) RAN connections; nRFU - Wideband Radio Frequency Unit enables remote base station hotels and head-end port capacity expansion; nHOU - Hub Optic Unit supports all radio nodes with 25Gbps optical links; DMS3000 - All-In-One DAS Management Platform with Intuitive User Interface; nLRN_OCT - Low-power Radio Node provides 19-30 dBm EIRP per band (8T8R up to 4x4 MIMO per band); nMRN - Medium-power Radio Node provides up to 37 dBm per band (6T6R up to 4x4 MIMO per band); nHRN - High-power Radio Node provides up to 46 dBm per band (4T4R up to 4x4 MIMO per band); nPOI - Optional high-power (50W) Point of Interface Supports up to 8 RF inputs. SOLiD will demonstrate this digital DAS platform at ConnectX, May 5–6, in Fort Lauderdale. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,880, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 22x in the Communications industry in South Korea. Total returns to shareholders of 220% over the past three years. New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 16% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩15,910, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 11x in the Communications industry in South Korea. Total returns to shareholders of 190% over the past three years. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩610 (vs ₩760 in FY 2024) Full year 2025 results: EPS: ₩610 (down from ₩760 in FY 2024). Revenue: ₩294.8b (down 11% from FY 2024). Net income: ₩36.4b (down 21% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). 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 34% per year, which means it is well ahead of earnings. Announcement • Mar 13
SOLiD, Inc. (KOSDAQ:A050890) announces an Equity Buyback for KRW 1,764 million worth of its shares. SOLiD, Inc. (KOSDAQ:A050890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,764 million worth of its shares, pursuant the contract with Shinhan Investment & Securities ( Shinhan Securities Co., Ltd). The purpose of the program is to enhance shareholder value. The program will expire on March 12, 2027. As of March 12, 2026, the company had 833,389 shares in treasury within scope available for dividend and 0 shares in treasury through other repurchase. New Risk • Mar 11
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 13% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,000, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 9x in the Communications industry in South Korea. Total returns to shareholders of 19% over the past three years. Announcement • Feb 28
SOLiD, Inc., Annual General Meeting, Mar 24, 2026 SOLiD, Inc., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 220, pankyoyeok-ro, bundang-gu, gyeonggi-do, seongnam South Korea Declared Dividend • Feb 11
Dividend of ₩50.00 announced Dividend of ₩50.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 0.5%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Earnings per share has grown by 41% 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 • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,800, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 9x in the Communications industry in South Korea. Total returns to shareholders of 47% over the past three years. New Risk • Oct 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 8.5% 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: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (9.1% net profit margin). Buy Or Sell Opportunity • Oct 29
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to ₩8,890. The fair value is estimated to be ₩7,033, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has declined by 5.3%. New Risk • Sep 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: 9.1% Last year net profit margin: 15% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩6,050, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Communications industry in South Korea. Total loss to shareholders of 2.4% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩6,380, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Communications industry in South Korea. Total loss to shareholders of 1.6% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩760 (vs ₩671 in FY 2023) Full year 2024 results: EPS: ₩760 (up from ₩671 in FY 2023). Revenue: ₩331.1b (up 3.0% from FY 2023). Net income: ₩46.1b (up 13% from FY 2023). Profit margin: 14% (up from 13% 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 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.3%). Announcement • Mar 10
SOLiD, Inc. (KOSDAQ:A050890) announces an Equity Buyback for KRW 4,300 million worth of its shares. SOLiD, Inc. (KOSDAQ:A050890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,300 million worth of its shares, pursuant the contract with SamsungSecurities Co.,Ltd.. The purpose of the program is to enhance shareholder value. The program will expire on December 6, 2025. As of March 6, 2025, the company had 494,693 shares in treasury within scope available for dividend and 0 shares in treasury through other repurchase. Announcement • Feb 22
SOLiD, Inc., Annual General Meeting, Mar 26, 2025 SOLiD, Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: rotunda, 220, pankyoyeok-ro, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Feb 21
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 9.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,100, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 16x in the Communications industry in South Korea. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,640, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Communications industry in South Korea. Negligible returns to shareholders over past three years. 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. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,365, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 14x in the Communications industry in South Korea. Total loss to shareholders of 38% over the past three years. Buy Or Sell Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to ₩5,800. The fair value is estimated to be ₩7,359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩671 (vs ₩490 in FY 2022) Full year 2023 results: EPS: ₩671 (up from ₩490 in FY 2022). Revenue: ₩321.4b (up 15% from FY 2022). Net income: ₩40.9b (up 37% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 22
SOLiD, Inc. (KOSDAQ:A050890) announces an Equity Buyback for KRW 1,500 million worth of its shares. SOLiD, Inc. (KOSDAQ:A050890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares, pursuant the contract with SamsungSecurities Co.,Ltd.. The purpose of the program is to enhance shareholder value. The program will expire on August 20, 2024. As of February 20, 2024, the company had 368,284 shares in treasury within scope available for dividend and 0 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩7,080, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 19x in the Communications industry in South Korea. Total loss to shareholders of 31% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.3%). New Risk • Dec 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: 12% Last year net profit margin: 18% 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 Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). New Risk • Oct 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 8.8% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩6,960, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 34% over the past three years. Announcement • Jan 18
SOLiD and Mavenir Advance Open RAN Radio Interoperability to Enhance 5G In-Building Experiences SOLiD and Mavenir announced global interoperability testing of Open RAN radios and distributed antenna system (DAS) in-building technology. Proven interoperability of Mavenir and SOLiD solutions offers a unique configuration of Open RAN technology merged with a neutral host DAS platform, helping network operators, neutral hosts, and system integrators to reduce space and power requirements for faster, simpler in-building coverage deployments. The joint testing validated the interoperability of SOLiD's DAS RF interface unit and Mavenir's Open virtualized RAN (vRAN) Distributed Unit (DU) and Centralized Unit (CU) supporting O-RAN Split 7.2x. This interoperability testing was performed according to O-RAN ALLIANCE specifications using SOLiD's latest neutral host DAS solution, demonstrating end-to-end configuration with 5G user devices. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Donghyun Han was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₩4,805, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 10x in the Communications industry in South Korea. Total loss to shareholders of 3.2% over the past three years. 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 ₩4,215, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Communications industry in South Korea. Total loss to shareholders of 28% 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 ₩5,410, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 4.2% over the past three years. Announcement • Jun 18
SOLiD, Inc. has completed a Follow-on Equity Offering in the amount of KRW 43.919317 billion. SOLiD, Inc. has completed a Follow-on Equity Offering in the amount of KRW 43.919317 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,814,825
Price\Range: KRW 5620
Discount Per Security: KRW 78.68
Transaction Features: Rights Offering Is New 90 Day High Low • Feb 24
New 90-day low: ₩9,100 The company is down 12% from its price of ₩10,300 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 Communications industry, which is up 5.0% over the same period. Announcement • Jan 20
CommScope Holding Company, Inc. Files Patent Infringement Suit Against SOLiD, Inc. in Germany CommScope Holding Company, Inc. filed an additional patent infringement lawsuit in Germany against SOLiD, Inc. The complaint asserts German part of European Patent No. EP 2290850B1 relating to CommScope’s digital DAS innovations against SOLiD’s Genesis DAS product. CommScope asserted the United Kingdom part of this patent against SOLiD’s Genesis DAS product in the U.K. last year. CommScope also enforced the U.S. counterparts of EP 2290850B1 in separate U.S. patent infringement actions against Dali Wireless and SOLiD. The U.S. action against SOLiD was filed in May of 2020 and, after noting that SOLiD withdrew its Genesis DAS product from the U.S. market, CommScope voluntarily dismissed that action. The new German action was filed December 18, 2020 in the Munich District Court. The German part of EP 2290850B1 is subject matter of nullity proceedings pending with the Federal Patent Court (docket no. 4 Ni 7/20 (EP)). The pending action before the U.K. Patents Court is Claim No. HP-2020-0017 and asserts both EP 2290850B1 and EP 1570626B1. Is New 90 Day High Low • Jan 08
New 90-day high: ₩11,600 The company is up 6.0% from its price of ₩10,900 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.