New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 2.8% 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 2.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩32.4b market cap, or US$21.7m). Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: ₩478 (vs ₩386 in FY 2024) Full year 2025 results: EPS: ₩478 (up from ₩386 in FY 2024). Revenue: ₩81.1b (up 13% from FY 2024). Net income: ₩3.28b (up 22% from FY 2024). Profit margin: 4.0% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Announcement • Mar 04
DAIHAN Scientific Co., Ltd., Annual General Meeting, Mar 27, 2026 DAIHAN Scientific Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:30 Tokyo Standard Time. Location: auditorium, 326, sinpyeongseokhwa-ro, jijeong-myeon, gangwon-do, wonju South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 1.2%. 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 ₩60.00 announced Dividend of ₩60.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has not increased over the past 6 years but payments have been stable during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
DAIHAN Scientific Co., Ltd. announces Annual dividend, payable on April 13, 2026 DAIHAN Scientific Co., Ltd. announced Annual dividend of KRW 60.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • May 12
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 8.9% 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 (8.9% average weekly change). Market cap is less than US$100m (₩38.5b market cap, or US$27.1m). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩5,680, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 37% over the past three years. Buy Or Sell Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to ₩4,250. The fair value is estimated to be ₩5,338, 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 declined by 18%. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩386 (vs ₩543 in FY 2023) Full year 2024 results: EPS: ₩386 (down from ₩543 in FY 2023). Revenue: ₩71.7b (down 2.7% from FY 2023). Net income: ₩2.69b (down 30% from FY 2023). Profit margin: 3.8% (down from 5.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Mar 15
DAIHAN Scientific Co., Ltd., Annual General Meeting, Mar 28, 2025 DAIHAN Scientific Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: auditorium, 326, sinpyeongseokhwa-ro, jijeong-myeon, gangwon-do, wonju South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. 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 Risk Market cap is less than US$100m (₩34.6b market cap, or US$24.1m). 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 Risk No financial data reported. 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 (₩36.2b market cap, or US$27.5m). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,140, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 54% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩60.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₩657 (vs ₩524 in FY 2021) Full year 2022 results: EPS: ₩657 (up from ₩524 in FY 2021). Revenue: ₩72.3b (up 9.1% from FY 2021). Net income: ₩4.70b (up 25% from FY 2021). Profit margin: 6.5% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 7.8% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.2%). Lower than average of industry peers (1.0%). Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 11 non-independent directors. Chairman of Vietnam Market - SciLab-Vietnam Henry Pay was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 35% share price gain to ₩11,000, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₩7,200, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩7,460, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 42% over the past three years. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 11 non-independent directors. Chairman of Vietnam Market - SciLab-Vietnam Henry Pay was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩524 (up from ₩237 in FY 2020). Revenue: ₩66.3b (up 7.8% from FY 2020). Net income: ₩3.77b (up 120% from FY 2020). Profit margin: 5.7% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,460, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩7,610, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 19% share price gain to ₩11,200, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 158% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩16,050, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 25x in the Electronic industry in South Korea. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 17% share price gain to ₩13,750, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 25x in the Electronic industry in South Korea. Total returns to shareholders of 140% over the past three years. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₩229 (vs ₩165 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩61.5b (up 12% from FY 2019). Net income: ₩1.71b (up 39% from FY 2019). Profit margin: 2.8% (up from 2.2% in FY 2019). The increase in margin was driven by higher revenue. 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 34% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 18
New 90-day low: ₩15,600 The company is down 19% from its price of ₩19,150 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 41% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩60.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.5%). Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 34% share price gain to ₩15,450, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 56.9x. This compares to an average P/E of 23x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 191%. Is New 90 Day High Low • Nov 10
New 90-day high: ₩16,300 The company is up 182% from its price of ₩5,780 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 15% share price gain to ₩12,550, the stock is trading at a trailing P/E ratio of 61.8x, up from the previous P/E ratio of 53.7x. This compares to an average P/E of 22x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 137%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 18% share price decline to ₩10,450, the stock is trading at a trailing P/E ratio of 51.5x, down from the previous P/E ratio of 62.6x. This compares to an average P/E of 22x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 105%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 36% share price gain to ₩10,750, the stock is trading at a trailing P/E ratio of 53x, up from the previous P/E ratio of 39x. This compares to an average P/E of 22x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 128%. Is New 90 Day High Low • Oct 21
New 90-day high: ₩10,750 The company is up 86% from its price of ₩5,780 on 23 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period.