Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩12,600, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Total loss to shareholders of 50% over the past three years. New Risk • May 28
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: 7.4% Last year net profit margin: 16% 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: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩17,250, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩24,650, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total loss to shareholders of 3.1% over the past three years. New Risk • Mar 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% 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 Risks Debt is not well covered by operating cash flow (0.9% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Announcement • Mar 07
Daemyoung Energy Co.,Ltd, Annual General Meeting, Mar 27, 2026 Daemyoung Energy Co.,Ltd, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 422, teheran-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₩14,000, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total loss to shareholders of 44% over the past three years. New Risk • Nov 26
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: 4.0% Last year net profit margin: 16% 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: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.0% net profit margin). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩27,500, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 52% over the past three years. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • May 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 12% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • May 14
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₩16,940. The fair value is estimated to be ₩13,046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,940, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Apr 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to ₩16,120. The fair value is estimated to be ₩12,979, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Announcement • Mar 06
Daemyoung Energy Co.,Ltd, Annual General Meeting, Mar 27, 2025 Daemyoung Energy Co.,Ltd, Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 422, teheran-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩12,350, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩10,300, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total loss to shareholders of 32% over the past year. New Risk • Oct 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 122% 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 122% per year for the foreseeable future. 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 (9.0% net profit margin). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩13,820, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 14x in the Renewable Energy industry in Asia. Total loss to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩10,560, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Total loss to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩19,980, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩17,530, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total loss to shareholders of 31% over the past year. New Risk • Apr 09
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 8.4% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Revenue has declined by 30% over the past year. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (10.0% net profit margin). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩13,610, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total loss to shareholders of 50% over the past year. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩360 (vs ₩1,607 in FY 2022) Full year 2023 results: EPS: ₩360 (down from ₩1,607 in FY 2022). Revenue: ₩61.6b (down 30% from FY 2022). Net income: ₩6.14b (down 77% from FY 2022). Profit margin: 10.0% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Mar 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to ₩11,380. The fair value is estimated to be ₩14,372, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Earnings per share has grown by 37%. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩15,050, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Renewable Energy industry in Asia. Total loss to shareholders of 44% over the past year. Buying Opportunity • Nov 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be ₩19,260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last year. Earnings per share has declined by 12%. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩19,300, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 14x in the Renewable Energy industry in Asia. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩26,750, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Total returns to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 43% share price gain to ₩27,650, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 38% share price gain to ₩19,100, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 14x in the Renewable Energy industry in Asia. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩14,350, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 14x in the Renewable Energy industry in Asia. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩16,600, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 14x in the Renewable Energy industry in Asia.