New Risk • Apr 30
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 15% 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 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (₩40.4b market cap, or US$27.4m). Buy Or Sell Opportunity • Apr 08
Now 164% overvalued after recent price rise Over the last 90 days, the stock has risen 824% to ₩7,210. The fair value is estimated to be ₩2,731, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 34%. New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 0.8% 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 0.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩30.8b market cap, or US$20.4m). Announcement • Mar 13
Humax Co., Ltd., Annual General Meeting, Mar 26, 2026 Humax Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: art hall, 216, hwangsaeul-ro, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Mar 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 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩25.4b market cap, or US$17.4m). Buy Or Sell Opportunity • Feb 19
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₩695. The fair value is estimated to be ₩937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 29%. Announcement • Mar 13
Humax Co., Ltd., Annual General Meeting, Mar 27, 2025 Humax Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 216, hwangsaeul-ro, bundang-gu, gyeonggi-do, seongnam South Korea Announcement • Mar 12
Humax Co., Ltd. announced that it has received KRW 10 billion in funding On March 11, 2025. Humax Co., Ltd. has closed the transaction. Announcement • Jan 21
BENO TNR, Inc. (KOSDAQ:A206400) and Pentashield No. 1 Association completed the acquisition of 32.16% stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160). BENO TNR, Inc. (KOSDAQ:A206400) and Pentashield No. 1 Association agreed to acquire 32.16% stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) for KRW 6.5 billion on December 13, 2024. As part of the acquisition, Pentashield No. 1 Association and BENO TNR, Inc will acquire 24.13% and 8.03% respectively. A cash consideration valued at KRW 650 per share will be paid by BENO TNR, Inc. and Pentashield No. 1 Association. BENO TNR, Inc. and Pentashield No. 1 Association will acquire 24.13% stake and 8.03% stake in Alticast Corporation respectively. The expected completion of the transaction is January 21, 2025.
BENO TNR, Inc. (KOSDAQ:A206400) and Pentashield No. 1 Association completed the acquisition of 32.16% stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) on January 21, 2025. The consideration consists of KRW 1.3 billion was paid as deposit on December 13, 2024 and remaining KRW 5.2 billion on January 21, 2025. Announcement • Oct 10
An undisclosed buyer agreed to acquire an unknown minority stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) for KRW 15.0 billion. An undisclosed buyer agreed to acquire an unknown minority stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) for KRW 15.0 billion on October 8, 2024. Announcement • Oct 09
Solid Trust Fund No. 1 and TK Union No. 1 agreed to acquire 32.83% stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) for KRW 15.0 billion Solid Trust Fund No. 1 and TK Union No. 1 agreed to acquire 32.83% stake in Alticast Corporation (KOSDAQ:A085810) from Humax Co., Ltd. (KOSDAQ:A115160) for KRW 14.9 billion on October 8, 2024. A cash consideration of KRW 14.9 billion valued at KRW 1500 per share will be paid by Solid Trust Fund No. 1 and TK Union No. 1. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩1,426 loss per share (vs ₩472 loss in FY 2022) Full year 2023 results: ₩1,426 loss per share (further deteriorated from ₩472 loss in FY 2022). Revenue: ₩652.6b (down 5.3% from FY 2022). Net loss: ₩61.5b (loss widened 202% from FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2022 earnings released: ₩472 loss per share (vs ₩970 loss in FY 2021) Full year 2022 results: ₩472 loss per share (improved from ₩970 loss in FY 2021). Revenue: ₩689.5b (up 7.1% from FY 2021). Net loss: ₩20.3b (loss narrowed 43% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Dec 15
Humax Co., Ltd. announced that it has received KRW 20 billion in funding On December 14, 2022, Humax Co., Ltd. closed the transaction. Announcement • Dec 13
Humax Co., Ltd. announced that it expects to receive KRW 20 billion in funding Humax Co., Ltd. announced a private placement of 18th series unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on December 12, 2022. The bond carry coupon rate of 3% and have yield to maturity of 5%. The bonds will mature on December 14, 2025. The bonds will be 100% convertible into 2,312,138 common shares of the company, representing 5.26% of the total number of shares at a fixed conversion price of KRW 8,650 per share. The conversion period is from June 14, 2024 to November 14, 2025. The transaction has a subscription date of December 14, 2022 and payment date of December 14, 2022. The transaction has been approved by the board of directors of the company. Is New 90 Day High Low • Feb 23
New 90-day low: ₩4,750 The company is down 2.0% from its price of ₩4,840 on 25 November 2020. The South Korean market is up 16% 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 • Feb 03
Humax to supply RAiDEA mobility service platform to leading car rental company in the Middle East Humax has signed a contract with Saudi Arabian business WTC Auto Rent. This new agreement will see Humax supply WTC with the RAiDEA mobility service platform (powered by its affiliated company, Alticast) for contactless car rental automation services. RAiDEA is an all-in-one mobility service platform that provides an array of services such as B2C, B2B and P2P. This technology is suitable for round trip, one way and free-floating infrastructures, and is designed for vehicles including cars, motorcycles, bikes and electric scooters. As a result of the recent COVID-19 pandemic, car rental operators around the world are facing significant business challenges due to reduced utilisation and poor financial performance. In an effort to overcome these difficulties and improve the business environment, WTC will introduce the RAiDEA platform to provide contactless rental car services. These services will enable WTC to reduce costs through contactless operation and automation of existing face-to-face transactions, increase vehicle utilisation and diversify revenue through the application of new rental business models. Furthermore, customer loyalty is expected to grow due to improvements in the digital rental experience. Is New 90 Day High Low • Jan 11
New 90-day high: ₩6,320 The company is up 19% from its price of ₩5,290 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₩5,700 The company is up 24% from its price of ₩4,580 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: ₩5,390 The company is up 21% from its price of ₩4,460 on 01 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 Communications industry, which is down 5.0% over the same period. Announcement • Sep 05
Humax Co., Ltd. announced that it has received KRW 4 billion in funding from Hyosung Capital Co., Ltd., Maple Investment Partners, Samsung Securities Co.,Ltd. On September 3, 2020, Humax Co., Ltd. (KOSDAQ:A115160) closed the transaction. Announcement • Sep 02
Humax Co., Ltd. announced that it expects to receive KRW 4 billion in funding from Hyosung Capital Co., Ltd., Maple Investment Partners, Samsung Securities Co.,Ltd. Humax Co., Ltd. (KOSDAQ:A115160) announced a private placement of 12th series of domestic bearer interest non-guaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on September 1, 2020. The transaction will include participation from IBKC-MGI New Growth Specialized Pre-IPO Fund, a fund managed by Maple Investment Partners, Hyosung Capital Co., Ltd., NH Absolute Triton Professional Investment Private Equity Trust from Samsung Securities Co.,Ltd. (KOSE:A016360), and NH Absolute Mezzanine Private Equity Investment Trust from Samsung Securities Co.,Ltd. (KOSE:A016360), for KRW 1,000,000,000 each. The bonds bear fixed coupon rate of 0% per annum and fixed interest rate to maturity of 0.0% per annum. The bonds will mature on September 3, 2025. The bonds are 100% convertible into 790,513 shares at a fixed conversion price of KRW 5,060 per share, representing 2.88% of the total number of shares. The conversion period starts from September 3, 2021 and ends on August 3, 2025. The subscription date is September 3, 2020. The company expects to close the transaction on September 3, 2020. The transaction has been approved by the company’s board of directors. Announcement • Jun 17
Humax Co., Ltd. announced that it has received KRW 12 billion in funding from Hands Partners Co., Ltd., BFA Co.,Ltd., Mirae Asset Daewoo Co., Ltd., Investment Arm, History Investment Management Co., Ltd., Eugene investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm On June 15, 2020, Humax Co., Ltd. (KOSDAQ:A115160) closed the transaction.