Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩27,950, the stock trades at a trailing P/E ratio of 51.6x. Average forward P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩15,560, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 16x in the Electronic industry in South Korea. Total loss to shareholders of 9.9% over the past three years. Announcement • Feb 26
Amotech Co., Ltd., Annual General Meeting, Mar 25, 2026 Amotech Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 46, eunbong-ro 60beon-gil, namdong-gu, incheon South Korea New Risk • Nov 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.0b (US$94.0m) 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 Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₩136.0b market cap, or US$94.0m). New Risk • Jul 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.4b (US$99.9m) 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 Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩137.4b market cap, or US$99.9m). New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₩113.4b market cap, or US$81.1m). New Risk • Apr 01
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 9.0% 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 Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩110.6b market cap, or US$75.2m). Reported Earnings • Mar 22
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: ₩1,354 loss per share (further deteriorated from ₩1,005 loss in FY 2023). Revenue: ₩229.4b (up 23% from FY 2023). Net loss: ₩19.8b (loss widened 35% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Feb 25
Amotech Co., Ltd., Annual General Meeting, Mar 26, 2025 Amotech Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 46, eunbong-ro 60beon-gil, namdong-gu, incheon South Korea Price Target Changed • Oct 13
Price target decreased by 22% to ₩17,000 Down from ₩21,778, the current price target is an average from 2 analysts. New target price is 106% above last closing price of ₩8,250. Stock is down 45% over the past year. The company is forecast to post a net loss per share of ₩624 next year compared to a net loss per share of ₩630 last year. New Risk • Aug 03
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 9.8% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Reported Earnings • Mar 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: ₩945 loss per share (further deteriorated from ₩479 loss in FY 2021). Revenue: ₩215.7b (up 8.6% from FY 2021). Net loss: ₩9.21b (loss widened 97% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 01
Price target increased by 18% to ₩25,611 Up from ₩21,778, the current price target is an average from 3 analysts. New target price is 30% above last closing price of ₩19,660. Stock is up 28% over the past year. The company is forecast to post a net loss per share of ₩180 next year compared to a net loss per share of ₩319 last year. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Price Target Changed • Oct 06
Price target decreased to ₩33,000 Down from ₩37,500, the current price target is an average from 2 analysts. New target price is 42% above last closing price of ₩23,200. Stock is down 20% over the past year. The company is forecast to post a net loss per share of ₩725 next year compared to a net loss per share of ₩479 last year. Major Estimate Revision • Aug 10
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩236.4m to ₩229.2m. Now expected to report a loss of ₩725 per share instead of ₩738 per share profit previously forecast. Electronic industry in South Korea expected to see average net income growth of 39% next year. Consensus price target up from ₩37,500 to ₩40,000. Share price fell 2.2% to ₩26,450 over the past week. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Price Target Changed • Nov 22
Price target decreased to ₩38,667 Down from ₩43,267, the current price target is an average from 3 analysts. New target price is 41% above last closing price of ₩27,350. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩1,414 next year compared to a net loss per share of ₩1,700 last year. Reported Earnings • Mar 19
Full year 2020 earnings released: ₩1,700 loss per share (vs ₩37.00 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩223.9b (down 9.9% from FY 2019). Net loss: ₩16.6b (down ₩16.9b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Feb 20
Amotech Co., Ltd., Annual General Meeting, Mar 23, 2021 Amotech Co., Ltd., Annual General Meeting, Mar 23, 2021, at 11:30 Korea Standard Time. Is New 90 Day High Low • Jan 06
New 90-day high: ₩39,300 The company is up 21% from its price of ₩32,450 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩6,595 per share. Is New 90 Day High Low • Dec 17
New 90-day high: ₩33,900 The company is up 9.0% from its price of ₩31,050 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩6,509 per share.