New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Major Risk Earnings have declined by 2.7% 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. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩17,550, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 18x in the Communications industry in South Korea. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩17,000, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 22x in the Communications industry in South Korea. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩16,450, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Communications industry in South Korea. Total returns to shareholders of 89% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: ₩1,627 (vs ₩1,415 in FY 2024) Full year 2025 results: EPS: ₩1,627 (up from ₩1,415 in FY 2024). Revenue: ₩116.4b (up 12% from FY 2024). Net income: ₩24.1b (up 13% from FY 2024). Profit margin: 21% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩15,160, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 10x in the Communications industry in South Korea. Total returns to shareholders of 82% over the past three years. Announcement • Mar 04
Ubiquoss Inc., Annual General Meeting, Mar 18, 2026 Ubiquoss Inc., Annual General Meeting, Mar 18, 2026, at 14:00 Tokyo Standard Time. Location: conference room, 68, pangyo-ro 255beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Jan 21
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 9.3% 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 6.5% 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. Share price has been volatile over the past 3 months (9.3% average weekly change). Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩11,930, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Communications industry in South Korea. Total returns to shareholders of 29% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩170 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.1%). Declared Dividend • Nov 08
Dividend of ₩170 announced Dividend of ₩170 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (8% 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 86% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.0% EPS decline seen over the last 5 years. Announcement • Nov 07
Ubiquoss Inc. announces Annual dividend, payable on April 13, 2026 Ubiquoss Inc. announced Annual dividend of KRW 170.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Apr 13
Ubiquoss Inc. (KOSDAQ:A264450) announces an Equity Buyback for KRW 2,000 million worth of its shares. Ubiquoss Inc. (KOSDAQ:A264450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is stabilizing stock price and enhancing shareholder value. The program will expire on October 16, 2025. As of April 10, 2025, the company had no shares in treasury within scope available for dividend and had 1,540 shares in treasury under other acquisitions. Announcement • Mar 12
Ubiquoss Inc., Annual General Meeting, Mar 26, 2025 Ubiquoss Inc., Annual General Meeting, Mar 26, 2025, at 14:00 Tokyo Standard Time. Location: conference room, 68, pangyo-ro 255beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Feb 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 28% over the past year. 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 (₩111.6b market cap, or US$77.8m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩340 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%). New Risk • Aug 30
New major risk - Revenue and earnings growth Revenue has declined by 14% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 14% over the past year. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₩129.9b market cap, or US$97.3m). New Risk • Aug 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩131.7b (US$98.5m) 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₩131.7b market cap, or US$98.5m). Buy Or Sell Opportunity • Aug 06
Now 22% overvalued Over the last 90 days, the stock has fallen 22% to ₩13,740. The fair value is estimated to be ₩11,268, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last year. Earnings per share has grown by 18%. Announcement • Apr 13
Ubiquoss Inc. (KOSDAQ:A264450) announces an Equity Buyback for KRW 5,000 million worth of its shares. Ubiquoss Inc. (KOSDAQ:A264450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of it's shares. The purpose of the program is stabilizing stock price and enhancing shareholder value. The program will expire on October 14, 2024. As of April 11, 2024, the company had no shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. Upcoming Dividend • Dec 20
Upcoming dividend of ₩420 per share at 2.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 April 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,430, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 17x in the Communications industry in South Korea. Total loss to shareholders of 3.6% over the past three years. Upcoming Dividend • Dec 21
Inaugural dividend of ₩560 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. This is the first dividend for Ubiquoss since going public. The average dividend yield among industry peers is 1.2%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩17,450, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₩23,800, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 17x in the Communications industry in South Korea. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩320 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Ubiquoss since going public. The average dividend yield among industry peers is 0.8%. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 15% share price gain to ₩23,950, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Communications industry in South Korea. Total returns to shareholders of 27% over the past three years. Is New 90 Day High Low • Feb 24
New 90-day low: ₩21,400 The company is down 12% from its price of ₩24,225 on 26 November 2020. The South Korean market is up 17% 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. Upcoming Dividend • Dec 22
First Dividend Is ₩450 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. This is the first dividend for Ubiquoss since going public. The average dividend yield among industry peers is 0.7%. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩25,900, the stock is trading at a trailing P/E ratio of 8.3x, down from the previous P/E ratio of 9.9x. This compares to an average P/E of 19x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 116%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 24% share price gain to ₩31,000, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 19x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 205%. Is New 90 Day High Low • Nov 20
New 90-day high: ₩43,000 The company is up 22% from its price of ₩35,200 on 21 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 25% share price gain to ₩43,000, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 23x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 133%. Is New 90 Day High Low • Oct 12
New 90-day low: ₩34,650 The company is down 17% from its price of ₩41,700 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 14% over the same period.