Tillkännagivande • Jun 02
Winhitech Co., Ltd. (KOSDAQ:A192390) announces an Equity Buyback for KRW 2,000 million worth of its shares. Winhitech Co., Ltd. (KOSDAQ:A192390) 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 Eugene Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on December 1, 2026. New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 13% 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. Market cap is less than US$100m (₩16.7b market cap, or US$11.1m). Reported Earnings • Mar 24
Full year 2025 earnings released: ₩606 loss per share (vs ₩711 profit in FY 2024) Full year 2025 results: ₩606 loss per share (down from ₩711 profit in FY 2024). Revenue: ₩75.1b (down 33% from FY 2024). Net loss: ₩6.69b (down 186% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 10
Winhitech Co., Ltd., Annual General Meeting, Mar 31, 2026 Winhitech Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 99, hitechsandan-ro, samseong-myeon, eumseong-gun, chungcheongbuk-do, South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 17 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.4%). New Risk • Aug 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩30.9b market cap, or US$22.1m). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩3,300, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total loss to shareholders of 20% over the past three years. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₩711 (vs ₩610 in FY 2023) Full year 2024 results: EPS: ₩711 (up from ₩610 in FY 2023). Revenue: ₩112.2b (down 27% from FY 2023). Net income: ₩7.77b (up 19% from FY 2023). Profit margin: 6.9% (up from 4.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 07
Winhitech Co., Ltd., Annual General Meeting, Mar 31, 2025 Winhitech Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 99, hitechsandan-ro, samseong-myeon, eumseong-gun, chungcheongbuk-do, South Korea Tillkännagivande • Mar 01
Winhitech Co., Ltd. announced that it has received KRW 7 billion in funding from JB Woori Capital Co., Ltd On February 27, 2025, the company has closed the transaction. Upcoming Dividend • Dec 20
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 17 April 2025. Payout ratio is a comfortable 4.8% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.9%). 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (15% average weekly change). 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 (₩49.5b market cap, or US$34.4m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩3,510, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to ₩5,140, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 10x in the Metals and Mining industry in South Korea. Total returns to shareholders of 20% over the past three years. New Risk • Nov 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 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 (₩56.0b market cap, or US$40.2m). Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩214 (vs ₩151 in 3Q 2023) Third quarter 2024 results: EPS: ₩214 (up from ₩151 in 3Q 2023). Revenue: ₩25.9b (down 30% from 3Q 2023). Net income: ₩2.34b (up 43% from 3Q 2023). Profit margin: 9.0% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩514 (vs ₩7.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩514 (up from ₩7.00 in 2Q 2023). Revenue: ₩35.0b (down 17% from 2Q 2023). Net income: ₩5.62b (up ₩5.55b from 2Q 2023). Profit margin: 16% (up from 0.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩3,550, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩4,200, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 32% over the past three years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₩279 (vs ₩212 in 1Q 2023) First quarter 2024 results: EPS: ₩279 (up from ₩212 in 1Q 2023). Revenue: ₩31.9b (down 10.0% from 1Q 2023). Net income: ₩3.04b (up 35% from 1Q 2023). Profit margin: 9.5% (up from 6.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩610 (vs ₩590 in FY 2022) Full year 2023 results: EPS: ₩610 (up from ₩590 in FY 2022). Revenue: ₩153.8b (up 32% from FY 2022). Net income: ₩6.54b (up 3.9% from FY 2022). Profit margin: 4.3% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Nov 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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: Minor Risks High level of debt (61% net debt to equity). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (₩43.3b market cap, or US$33.3m). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩151 (vs ₩11.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩151 (up from ₩11.00 in 3Q 2022). Revenue: ₩37.1b (up 33% from 3Q 2022). Net income: ₩1.64b (up ₩1.52b from 3Q 2022). Profit margin: 4.4% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,870, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 20% share price gain to ₩4,320, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 15% share price gain to ₩3,525, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩2,900, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩3,190, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 13% 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 19% share price gain to ₩3,575, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 5x in the Metals and Mining industry in South Korea. Total loss to shareholders of 18% 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 16% share price decline to ₩3,500, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 6x in the Metals and Mining industry in South Korea. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₩6,120, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 12x in the Metals and Mining industry in South Korea. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩5,200, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 17x in the Metals and Mining industry in South Korea. Total returns to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩5,780, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 18x in the Metals and Mining industry in South Korea. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 20% share price gain to ₩5,530, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 18x in the Metals and Mining industry in South Korea. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 31% share price gain to ₩4,950, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 27x in the Metals and Mining industry in South Korea. Negligible returns to shareholders over past three years. Is New 90 Day High Low • Feb 04
New 90-day high: ₩3,465 The company is up 17% from its price of ₩2,955 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 17% over the same period. Is New 90 Day High Low • Oct 20
New 90-day high: ₩3,435 The company is up 31% from its price of ₩2,625 on 22 July 2020. The South Korean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period.