Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩11,240, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩9,280, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 112% 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 ₩6,790, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 55% over the past three years. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩2,811 (vs ₩1,702 loss in FY 2024) Full year 2025 results: EPS: ₩2,811 (up from ₩1,702 loss in FY 2024). Revenue: ₩582.4b (up 226% from FY 2024). Net income: ₩49.2b (up ₩78.9b from FY 2024). Profit margin: 8.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Dong A Eltek Co., Ltd., Annual General Meeting, Mar 24, 2026 Dong A Eltek Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 12-24, simin-daero 327beon-gil, dongan-gu, gyeonggi-do, anyang South Korea New Risk • Feb 02
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 11% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩109.3b market cap, or US$75.4m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Declared Dividend • Nov 08
Dividend of ₩150 announced Shareholders will receive a dividend of ₩150. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Announcement • Nov 07
Dong A Eltek Co., Ltd. announces Annual dividend, payable on April 16, 2026 Dong A Eltek Co., Ltd. announced Annual dividend of KRW 150.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩61.0b market cap, or US$44.0m). Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₩1,702 loss per share (further deteriorated from ₩361 loss in FY 2023). Revenue: ₩178.4b (up 8.1% from FY 2023). Net loss: ₩29.8b (loss widened 355% from FY 2023). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
Dong A Eltek Co., Ltd., Annual General Meeting, Mar 26, 2025 Dong A Eltek Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 12-24, simin-daero 327beon-gil, dongan-gu, gyeonggi-do, anyang South Korea New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 Risk Earnings have declined by 33% 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. Market cap is less than US$100m (₩58.1b market cap, or US$39.9m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩75.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.0%). New Risk • Dec 16
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. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩70.1b market cap, or US$48.8m). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,825, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Electronic industry in South Korea. Total loss to shareholders of 15% over the past three years. New Risk • Sep 23
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 12% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩93.6b market cap, or US$70.0m). New Risk • May 28
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩80.3b market cap, or US$59.1m). Reported Earnings • Mar 22
Full year 2023 earnings released: ₩721 loss per share (vs ₩151 profit in FY 2022) Full year 2023 results: ₩721 loss per share (down from ₩151 profit in FY 2022). Revenue: ₩165.1b (down 23% from FY 2022). Net loss: ₩6.54b (down ₩8.03b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩8,550, the stock trades at a trailing P/E ratio of 13.6x. Average forward P/E is 13x in the Electronic industry in South Korea. Negligible returns to shareholders over past three years. 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 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: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₩62.6b market cap, or US$46.9m). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩7,640, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 8.2% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 3.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 19 April 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. 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 • Mar 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩10,290, the stock trades at a trailing P/E ratio of 67.9x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 74% over the past three years. Announcement • Feb 06
Dong A Eltek Co., Ltd. (KOSDAQ:A088130) announces an Equity Buyback for KRW 10,000 million worth of its shares. Dong A Eltek Co., Ltd. (KOSDAQ:A088130) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with Hana Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on August 7, 2023. As of February 1, 2023, the company had 807,091 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 21
Inaugural dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 19 April 2023. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Dong A Eltek since going public. The average dividend yield among industry peers is 1.0%. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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 • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,200, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past three years. 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 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. Upcoming Dividend • Dec 22
Inaugural dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Dong A Eltek since going public. The average dividend yield among industry peers is 0.4%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩8,900, the stock trades at a trailing P/E ratio of 50.9x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 3.5% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 26% share price gain to ₩12,400, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 21x in the Electronic industry in South Korea. Total returns to shareholders of 37% over the past three years. Announcement • Feb 26
Dong A Eltek Co., Ltd., Annual General Meeting, Mar 25, 2021 Dong A Eltek Co., Ltd., Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day high: ₩9,170 The company is up 17% from its price of ₩7,850 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 42% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₩8,860 The company is up 3.0% from its price of ₩8,640 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 43% over the same period. Valuation Update With 7 Day Price Move • Oct 19
Market pulls back on stock over the past week After last week's 18% share price decline to ₩8,150, the stock is trading at a trailing P/E ratio of 9.6x, down from the previous P/E ratio of 11.6x. This compares to an average P/E of 23x in the Electronic industry in South Korea. Total return to shareholders over the past three years is a loss of 41%. Is New 90 Day High Low • Sep 28
New 90-day high: ₩9,380 The company is up 38% from its price of ₩6,790 on 30 June 2020. The South Korean market is up 9.0% 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.