New Risk • Jun 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 62% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩79.3b market cap, or US$52.6m). Announcement • Feb 11
EM-Tech.CO., LTD., Annual General Meeting, Mar 26, 2026 EM-Tech.CO., LTD., Annual General Meeting, Mar 26, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 40, changwon-daero 1144beon-gil, seongsan-gu, gyeongsangnam-do, changwon South Korea New Risk • Nov 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.9b (US$95.4m) 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 Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩137.9b market cap, or US$95.4m). 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). High level of non-cash earnings (63% accrual ratio). Announcement • Apr 09
EM-Tech.CO., LTD. (KOSDAQ:A091120) announces an Equity Buyback for KRW 5,000 million worth of its shares. EM-Tech.CO., LTD. (KOSDAQ:A091120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on October 13, 2025. As of April 8, 2025, the company had 875,438 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 22
Full year 2024 earnings released: ₩2,704 loss per share (vs ₩716 loss in FY 2023) Full year 2024 results: ₩2,704 loss per share (further deteriorated from ₩716 loss in FY 2023). Revenue: ₩167.6b (down 36% from FY 2023). Net loss: ₩44.5b (loss widened 276% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
EM-Tech.CO., LTD. (KOSDAQ:A091120) announces an Equity Buyback for KRW 3,000 million worth of its shares. EM-Tech.CO., LTD. (KOSDAQ:A091120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Korea Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 8, 2025. As of March 5, 2025, the company had 695,818 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Announcement • Feb 12
EM-Tech.CO., LTD., Annual General Meeting, Mar 26, 2025 EM-Tech.CO., LTD., Annual General Meeting, Mar 26, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 40, changwon-daero 1144beon-gil, seongsan-gu, gyeongsangnam-do, changwon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.0%). New Risk • Dec 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 12% 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 (12% average weekly change). Earnings have declined by 12% per year over the past 5 years. New Risk • Dec 07
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). High level of non-cash earnings (79% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). New Risk • Aug 05
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). Earnings have declined by 1.4% per year over the past 5 years. New Risk • Jun 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 10% 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 1.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩716 loss per share (vs ₩2,118 profit in FY 2022) Full year 2023 results: ₩716 loss per share (down from ₩2,118 profit in FY 2022). Revenue: ₩263.5b (down 37% from FY 2022). Net loss: ₩11.8b (down 135% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share at 0.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (0.9%). New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩57,200, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 319% over the past three years. New Risk • Aug 15
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 (5.5% net profit margin). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩42,550, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 207% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩37,800, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩29,200, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩29,100, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 390% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩2,118 (vs ₩2,279 in FY 2021) Full year 2022 results: EPS: ₩2,118 (down from ₩2,279 in FY 2021). Revenue: ₩415.8b (up 3.9% from FY 2021). Net income: ₩33.4b (down 3.0% from FY 2021). Profit margin: 8.0% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩25,200, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 226% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 18 April 2023. Payout ratio is a comfortable 5.5% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.0%). Price Target Changed • Nov 16
Price target increased to ₩65,000 Up from ₩45,500, the current price target is provided by 1 analyst. New target price is 136% above last closing price of ₩27,600. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₩3,634 for next year compared to ₩2,279 last year. Announcement • Jul 14
EM-Tech.CO., LTD. has completed a Follow-on Equity Offering in the amount of KRW 23.71725 billion. EM-Tech.CO., LTD. has completed a Follow-on Equity Offering in the amount of KRW 23.71725 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,245,000
Price\Range: KRW 19050
Discount Per Security: KRW 152.4
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩30,800, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 113% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩60,000 Up from ₩45,500, the current price target is an average from 2 analysts. New target price is 53% above last closing price of ₩39,250. Stock is up 100% over the past year. The company is forecast to post earnings per share of ₩3,338 for next year compared to ₩2,279 last year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₩39,200, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₩27,800, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₩21,000, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩62.00 (vs ₩24.00 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩282.9b (up 5.5% from FY 2019). Net income: ₩938.3m (up 142% from FY 2019). Profit margin: 0.3% (up from 0.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 03
New 90-day high: ₩18,150 The company is up 35% from its price of ₩13,400 on 03 December 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 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩44,948 per share. Announcement • Feb 05
EM-Tech.CO., LTD., Annual General Meeting, Mar 19, 2021 EM-Tech.CO., LTD., Annual General Meeting, Mar 19, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day high: ₩14,100 The company is up 19% from its price of ₩11,850 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩25,241 per share. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ₩401 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩108.4b (up 64% from 3Q 2019). Net income: ₩6.06b (up 138% from 3Q 2019). Profit margin: 5.6% (up from 3.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ₩11,150 The company is down 19% from its price of ₩13,850 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₩12,000 The company is down 9.0% from its price of ₩13,250 on 23 June 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period.