Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩10,070, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Electronic industry in South Korea. Total loss to shareholders of 17% over the past three years. New Risk • May 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Buy Or Sell Opportunity • May 27
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to ₩11,650. The fair value is estimated to be ₩15,498, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Buy Or Sell Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to ₩12,240. The fair value is estimated to be ₩15,575, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,080, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 43% over the past three years. New Risk • Mar 30
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: 7.0% Last year net profit margin: 11% 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: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.0% net profit margin). Buy Or Sell Opportunity • Mar 23
Now 23% undervalued Over the last 90 days, the stock has risen 25% to ₩13,170. The fair value is estimated to be ₩17,115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to decline by 20% in the next 2 years. Announcement • Mar 13
Interflex Co., Ltd., Annual General Meeting, Mar 27, 2026 Interflex Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 149, gangchon-ro, danwon-gu, gyeonggi-do, ansan South Korea Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩13,250, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 40% over the past three years. Buy Or Sell Opportunity • Feb 23
Now 20% undervalued Over the last 90 days, the stock has risen 16% to ₩12,340. The fair value is estimated to be ₩15,429, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. Buy Or Sell Opportunity • Feb 02
Now 23% undervalued Over the last 90 days, the stock has risen 29% to ₩11,760. The fair value is estimated to be ₩15,359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩12,450, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩11,080, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 1.5% over the past three years. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩423.1m to ₩445.2m. EPS estimate increased from ₩778 to ₩1,078 per share. Net income forecast to shrink 18% next year vs 18% growth forecast for Electronic industry in South Korea . Consensus price target up from ₩10,000 to ₩12,500. Share price rose 5.6% to ₩10,100 over the past week. Buy Or Sell Opportunity • Nov 05
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₩8,950. The fair value is estimated to be ₩11,274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Buy Or Sell Opportunity • Sep 26
Now 23% undervalued Over the last 90 days, the stock has risen 6.0% to ₩8,800. The fair value is estimated to be ₩11,372, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Buy Or Sell Opportunity • Sep 11
Now 21% undervalued Over the last 90 days, the stock has risen 9.1% to ₩8,970. The fair value is estimated to be ₩11,357, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Buy Or Sell Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₩7,710. The fair value is estimated to be ₩9,676, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.1% in 2 years. Earnings are forecast to decline by 44% in the next 2 years. Announcement • Mar 14
Interflex Co., Ltd., Annual General Meeting, Mar 28, 2025 Interflex Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 149, gangchon-ro, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Feb 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 11
Now 21% undervalued Over the last 90 days, the stock has risen 4.7% to ₩9,270. The fair value is estimated to be ₩11,685, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 7.3% in the next 2 years. Buy Or Sell Opportunity • Jan 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to ₩9,370. The fair value is estimated to be ₩11,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 7.3% in the next 2 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. Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩551.3m to ₩500.7m. EPS estimate also fell from ₩2,266 per share to ₩1,576 per share. Net income forecast to shrink 20% next year vs 45% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩19,000 to ₩14,000. Share price fell 13% to ₩8,730 over the past week. Buy Or Sell Opportunity • Nov 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to ₩8,840. The fair value is estimated to be ₩11,058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 1.1% in the next 2 years. New Risk • Aug 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 15
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩542.1m to ₩551.3m. EPS estimate increased from ₩1,943 to ₩2,266 per share. Net income forecast to grow 30% next year vs 38% growth forecast for Electronic industry in South Korea. Consensus price target of ₩19,000 unchanged from last update. Share price rose 6.0% to ₩11,510 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩10,200, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 31% over the past three years. New Risk • Jun 26
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 7.6% 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. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩1,171 (vs ₩656 in FY 2022) Full year 2023 results: EPS: ₩1,171 (up from ₩656 in FY 2022). Revenue: ₩438.2b (down 1.0% from FY 2022). Net income: ₩27.3b (up 79% from FY 2022). Profit margin: 6.2% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock has risen 33% to ₩13,560. The fair value is estimated to be ₩17,017, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 208% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩17,700, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 21% over the past three years. Buy Or Sell Opportunity • Jan 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 76% to ₩17,150. The fair value is estimated to be ₩14,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 196% in the next 2 years. Price Target Changed • Jan 21
Price target increased by 13% to ₩17,000 Up from ₩15,000, the current price target is provided by 1 analyst. New target price is 11% above last closing price of ₩15,270. Stock is up 63% over the past year. The company is forecast to post earnings per share of ₩1,166 for next year compared to ₩656 last year. New Risk • Jan 19
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 9.4% 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 (9.4% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩15,270, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 5.2% over the past three years. Major Estimate Revision • Oct 14
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩1,230 to ₩1,401. Revenue forecast steady at ₩479.2m. Net income forecast to grow 157% next year vs 22% growth forecast for Electronic industry in South Korea. Consensus price target of ₩15,000 unchanged from last update. Share price rose 2.1% to ₩10,190 over the past week. New Risk • Aug 25
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: 3.3% Last year net profit margin: 6.2% 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. Buying Opportunity • Jul 24
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ₩14,657, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 205% in the next 2 years. Buying Opportunity • Jul 06
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be ₩14,730, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 205% in the next 2 years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩12,060, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 20% over the past three years. 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. 9 experienced directors. No highly experienced directors. 1 independent director (8 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. 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 ₩9,970, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 9.8% over the past three years. Major Estimate Revision • Aug 26
Consensus revenue estimates fall by 18% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩652.3m to ₩532.0m. EPS estimate fell from ₩1,613 to ₩1,549 per share. Net income forecast to grow 294% next year vs 24% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩25,000 to ₩21,000. Share price fell 2.4% to ₩12,250 over the past week. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,600, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 8.2% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩25,000 Up from ₩17,000, the current price target is provided by 1 analyst. New target price is 49% above last closing price of ₩16,750. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₩1,526 next year compared to a net loss per share of ₩10.24 last year. 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. 9 experienced directors. No highly experienced directors. 1 independent director (8 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. Breakeven Date Change • Jan 20
Forecast breakeven date pushed back to 2022 The analyst covering Interflex previously expected the company to break even in 2021. New forecast suggests the company will make a profit of ₩33.0b in 2022. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Breakeven Date Change • Dec 10
Forecast breakeven date moved forward to 2021 The analyst covering Interflex previously expected the company to break even in 2022. New forecast suggests the company will make a profit of ₩200.0m in 2021. Earnings growth of 112% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 29
Forecast to breakeven in 2021 The analyst covering Interflex expects the company to break even for the first time. New forecast suggests the company will make a profit of ₩21.0b in 2021. Earnings growth of 124% is required to achieve expected profit on schedule. Is New 90 Day High Low • Feb 24
New 90-day low: ₩13,800 The company is down 12% from its price of ₩15,750 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. Is New 90 Day High Low • Dec 16
New 90-day high: ₩17,700 The company is up 43% from its price of ₩12,400 on 17 September 2020. The South Korean market is up 12% 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 • Nov 26
New 90-day high: ₩15,750 The company is up 32% from its price of ₩11,950 on 28 August 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 10.0% over the same period.