New Risk • May 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: ₩311b Forecast net loss in 1 year: ₩26b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable next year (₩26b net loss next year). Buy Or Sell Opportunity • Apr 01
Now 26% overvalued Over the last 90 days, the stock has fallen 38% to ₩893. The fair value is estimated to be ₩708, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 61% in the next year. Announcement • Mar 18
T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion. T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 64,615,736
Price\Range: KRW 952
Discount Per Security: KRW 6.664
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 12,369,714
Price\Range: KRW 952
Discount Per Security: KRW 6.664
Transaction Features: ESOP Related Offering; Rights Offering New Risk • Jan 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Nov 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₩42b). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Price Target Changed • Nov 05
Price target decreased by 38% to ₩2,067 Down from ₩3,333, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₩1,699. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ₩789 next year compared to a net loss per share of ₩309 last year. New Risk • Sep 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₩42b). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Aug 29
T'Way Air Co., Ltd. announced that it has received KRW 200.000000513 billion in funding from Sono International Co.,Ltd., Sono Square Co.,Ltd., DB Securities Co., Ltd. On August 28, 2025, T'Way Air Co., Ltd. closed the transaction. Reported Earnings • Aug 20
Second quarter 2025 earnings released: ₩363 loss per share (vs ₩115 loss in 2Q 2024) Second quarter 2025 results: ₩363 loss per share (further deteriorated from ₩115 loss in 2Q 2024). Revenue: ₩377.9b (up 16% from 2Q 2024). Net loss: ₩78.1b (loss widened 215% from 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Airlines industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 13
Vancouver International Airport Celebrates Additional Asia-Pacific Connectivity with Inaugural Flight to Seoul Vancouver International Airport (YVR) is proud to be the first airport in North America to welcome regular service from South Korean airline, T'way Air. The new T'way service provides the community with even more flexibility and convenience when travelling to South Korea and connections across Asia, but the benefits of this new service go beyond passengers alone. An additional air connection provides increased cargo capacity to further diversify trading markets and get British Columbia and Canadian products to consumers in Asia and around the world. 2024 was a record-breaking year for cargo out of YVR with more than 339,000 tonnes of goods shipped through the airport and South Korea is YVR's number two air export destination. Each new international route from YVR results in direct economic benefit, with the flight to Seoul estimated to generate $39.8 million in economic output, $20.8 million in GDP, and 237 full time jobs in the province. Prior to the flight departing for its inaugural 11-hour journey, Elders from Musqueam, joined by Musqueam Councilor Morgan Guerin, helped send passengers on their journey in a good way with traditional songs and hands raised. Since 2017, this relationship has been guided by the Musqueam-YVR Sustainability & Friendship Agreement, a 30-year commitment built on respect, reconciliation, and shared prosperity. Flights with T'way from Vancouver to Seoul are scheduled to depart YVR at 5:25 p.m. local time arriving at ICN the next day at 9:35 p.m. local time. T'way is operating this route using an Airbus 330-300 aircraft, offering347 seats, including lie-flat options in its Business Saver class, moving approximately 2,700 passengers weekly. Announcement • Jun 19
T'Way Air Co., Ltd. Launches Its "This Is Korea Moment" Promotion on Its Official Website T'way Air has launched its "This is KOREA moment" promotion on its official website. Valid through June 30, the offer applies to all five of the airline's Europe - Incheon (Seoul) routes -- Rome, Paris, Barcelona, Frankfurt, and Zagreb-- for travel through March 28, 2026. During summer 2025, T'way Air operates daily Rome-Incheon and Frankfurt-Incheon flights; Paris-Incheon service runs five times weekly (Mon, Wed, Fri, Sat), and Zagreb-Incheon departs three times weekly (Mon, Wednesday, Fri, Sat). All flights include two complimentary meals in both Business and Economy classes. T'way Air operates its Europe routes using A330-200 and Boeing 777-300ER aircraft. T'way Air offers two limited-time vouchers until June 30, 2025: EUR70 Early Bird Voucher: valid on bookings of EUR600 or more, travel period September - March, 2026. EUR30 Off Voucher: valid on Bookings of EUR500 or more, travel through March 28, 20 26. EUR30 Prior Seat Voucher: valid for advance seat reservations on B777-300ER, valid through March 28, 2026; Plus, passengers entering promo code KOREA2506 at booking will save up to a 10% on any Europe - Seoul routes (actual savings vary with the exchange rate at purchase). While in Seoul, witness the guard-changing ceremony at Gyeongbokgung Palace in traditional hanbok, browse skincare boutiques and street food stalls in bustling Myeongdong, and learn about Korean history on a DMZ tour. Announcement • May 28
T'way Air to Inaugurate Direct Seoul-Vancouver Service on July 12, 2025 T'way Air will inaugurate its first North American destination with direct service between Seoul and Vancouver on July 12, 2025. Operating four times weekly - Tuesdays, Thursdays, Saturdays and Sundays - the new flights meet growing demand for affordable, long-haul travel across key Asia-Pacific and North American markets. The outbound flight departs Incheon International Airport at 9:05 p.m. KST and arrives at Vancouver International Airport at 3:25 p.m. PDT. The return flight leaves Vancouver at 5:25 p.m. PST and lands in Seoul at 9:35 p.m. KST the following day. The new service marks a significant milestone in T'way Air's network expansion, joining its existing Asia-Pacific and European destinations. By directly linking Seoul with Canada's west coast, the airline offers both leisure and business travelers a seamless, cost-effective option. T'way Air will deploy its A330-300 aircraft, offering 12 flat-bed seats in Business Saver class with adjustable headrests, extra legroom, personal power outlets and individual reading lights. All passengers receive complimentary meals: two in Business Saver and one in Economy. Travelers bound for Korea can experience Seoul's fusion of history and modernity: explore Gyeongbokgung Palace, wander Insadong's traditional streets, hike Bukhansan's scenic trails, admire the futuristic curves of Dongdaemun Design Plaza, and shop the latest Korean beauty and fashion in Hongdae, Seongsu and Gangnam. Announcement • Mar 18
T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025 T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 Tokyo Standard Time. Location: conference room, 210, haneul-gil, gangseo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩2,695, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 14% over the past three years. New Risk • Feb 18
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,405, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩6,447 per share. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 86% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.58b to ₩1.55b. EPS estimate also fell from ₩121 per share to ₩17.33 per share. Net income forecast to grow 45% next year vs 6.2% growth forecast for Airlines industry in South Korea. Consensus price target up from ₩3,433 to ₩3,517. Share price fell 5.1% to ₩3,900 over the past week. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,395, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩2,850, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,098 per share. New Risk • Nov 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Buy Or Sell Opportunity • Nov 01
Now 26% undervalued Over the last 90 days, the stock has risen 22% to ₩3,175. The fair value is estimated to be ₩4,318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩3,705, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,676 per share. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,940, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,776 per share. Major Estimate Revision • Aug 02
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.58b to ₩1.60b. EPS estimate fell from ₩451 to ₩391 per share. Net income forecast to shrink 8.8% next year vs 4.2% decline forecast for Airlines industry in South Korea. Consensus price target broadly unchanged at ₩3,433. Share price was steady at ₩2,605 over the past week. Price Target Changed • Jul 19
Price target increased by 10% to ₩3,383 Up from ₩3,067, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ₩2,690. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩451 for next year compared to ₩506 last year. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.48b to ₩1.58b. EPS estimate fell from ₩479 to ₩423 per share. Net income forecast to shrink 2.3% next year vs 3.4% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,117 unchanged from last update. Share price rose 4.7% to ₩2,780 over the past week. Announcement • May 24
T'way Air Launches A New Flight Between Zagreb and Seoul T'way Air has officially launched a new flight between Zagreb and Seoul on May 16th, marking the airline's first flight to Europe. This new route between Zagreb and Seoul (Incheon) is expected to enhance convenience for tourists and business travelers in both Croatia and Korea. The inauguration event marking this new milestone for the airline was held at Sheraton Zagreb Hotel on May 17th, attended by Sung-Hun Na, Vice Chairman of T'way Air, Hong-Geun Jeong, CEO of T'way Air; Damir Kušen, Croatian Ambassador to Korea; and Joongkeun Oh, Minister-Counselor of the Korean Embassy in Croatia, along with other guests. The Zagreb to Seoul flight operates three times a week – every Tuesday, Thursday, and Saturday, departing Zagreb International Airport at 9:25 PM and arriving at Seoul Incheon International Airport the next day at 3:25 PM local time, with a flight duration of approximately 11 hours. The return flight departs Seoul (Incheon) at 11:05 AM, arriving at Manas International Airport in Bishkek, Kyrgyzstan at 3:50 PM for refueling, and arrives in Zagreb at 7:55 PM. The total flight duration, including the refueling stop, is approximately 15 hours and 50 minutes. T'way Air will operate an Airbus A330-300 aircraft (347 seats) on this route. Alongside a regular economy cabin, there are 12 Business Saver seats. T'way Air offers complimentary in-flight meals twice to both Business Saver class and Economy class on this route. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩480 to ₩423 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 9.0% next year vs 8.0% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,067 unchanged from last update. Share price fell 2.6% to ₩2,635 over the past week. Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 17% to ₩2,650. The fair value is estimated to be ₩3,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,655, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩2,209 per share. New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Price Target Changed • Nov 21
Price target decreased by 7.9% to ₩3,200 Down from ₩3,475, the current price target is an average from 5 analysts. New target price is 37% above last closing price of ₩2,340. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₩404 next year compared to a net loss per share of ₩828 last year. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩563 to ₩443 per share. Revenue forecast steady at ₩1.30b. Net income forecast to grow 280% next year vs 35% growth forecast for Airlines industry in South Korea. Consensus price target of ₩3,475 unchanged from last update. Share price fell 3.2% to ₩2,090 over the past week. Price Target Changed • Oct 10
Price target decreased by 11% to ₩3,400 Down from ₩3,800, the current price target is an average from 3 analysts. New target price is 58% above last closing price of ₩2,150. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩526 next year compared to a net loss per share of ₩828 last year. Price Target Changed • Jul 13
Price target increased by 20% to ₩3,600 Up from ₩3,000, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of ₩3,280. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₩692 next year compared to a net loss per share of ₩828 last year. Reported Earnings • Mar 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₩828 loss per share (improved from ₩1,424 loss in FY 2021). Revenue: ₩525.8b (up 145% from FY 2021). Net loss: ₩118.7b (loss narrowed 24% from FY 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Price Target Changed • Nov 16
Price target increased to ₩3,600 Up from ₩3,000, the current price target is an average from 2 analysts. New target price is 91% above last closing price of ₩1,880. Stock is down 48% over the past year. The company is forecast to post a net loss per share of ₩999 next year compared to a net loss per share of ₩1,424 last year. Price Target Changed • Apr 27
Price target increased to ₩3,800 Up from ₩3,000, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₩3,195. Stock is up 20% over the past year. The company is forecast to post a net loss per share of ₩254 next year compared to a net loss per share of ₩1,424 last year. Reported Earnings • Mar 28
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: ₩1,424 loss per share. Revenue: ₩214.4b (down 20% from FY 2020). Net loss: ₩156.2b (loss widened 13% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 156%, compared to a 61% growth forecast for the airlines industry in South Korea. Reported Earnings • Aug 23
Second quarter 2021 earnings released: ₩277 loss per share (vs ₩895 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₩46.0b (up 87% from 2Q 2020). Net loss: ₩39.9b (loss narrowed 21% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 07
Price target increased to ₩2,933 Up from ₩2,658, the current price target is an average from 2 analysts. New target price is 6.9% above last closing price of ₩2,745. Stock is up 4.9% over the past year. Announcement • Apr 03
T'Way Air Co., Ltd. announced that it has received KRW 80.000000608 billion in funding On April 1, 2021, T'Way Air Co., Ltd. (KOSE:A091810) closed the transaction. Reported Earnings • Mar 28
Full year 2020 earnings released: ₩2,181 loss per share (vs ₩768 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩269.2b (down 67% from FY 2019). Net loss: ₩137.9b (loss widened 219% from FY 2019). Announcement • Mar 18
T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021 T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:01 Korea Standard Time. Announcement • Mar 17
T'Way Air Co., Ltd. announced that it expects to receive KRW 80.000000608 billion in funding T'Way Air Co., Ltd. (KOSE:A091810) announced a private placement of 31,847,134 convertible preferred shares at a price of KRW 2,512 per share for gross proceeds of KRW 80,000,000,608 on March 16, 2021. The transaction will include participation from W Value Up Limited company. The company issued share at KRW 500 par value. The transaction will take place through third party allotment. The shares carry a fixed dividend rate of 1% per annum based on the issuance price with Participatory, cumulative conditions. The shares can be converted into 31,847,134 common shares at a fixed conversion price of KRW 2,512 per share. The conversion period is from April 2, 2022 and April 1, 2031. The securities are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on April 1, 2021. Is New 90 Day High Low • Feb 26
New 90-day high: ₩2,940 The company is up 13% from its price of ₩2,595 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Airlines industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 14
New 90-day high: ₩2,920 The company is up 17% from its price of ₩2,500 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩4,669 per share. Announcement • Nov 09
T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion. T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 45,000,000
Price\Range: KRW 1485
Discount Per Security: KRW 13.365
Transaction Features: ESOP Related Offering; Rights Offering Is New 90 Day High Low • Oct 26
New 90-day low: ₩2,310 The company is down 5.0% from its price of ₩2,430 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,380 per share. Announcement • Sep 21
T'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI Index T'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI Index 
