Buy Or Sell Opportunity • 20h
Now 22% overvalued Over the last 90 days, the stock has fallen 44% to ₩28,450. The fair value is estimated to be ₩23,234, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩28,350, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩39,750, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩36,850, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩38,000, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 28x in the Semiconductor industry in South Korea. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩37,850, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 31x in the Semiconductor industry in South Korea. Total returns to shareholders of 71% 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 ₩33,500, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 27x in the Semiconductor industry in South Korea. Total returns to shareholders of 31% over the past three years. Buy Or Sell Opportunity • Apr 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to ₩25,350. The fair value is estimated to be ₩20,780, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩27,100, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 27x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Tillkännagivande • Mar 13
Nepes Ark Corporation, Annual General Meeting, Mar 26, 2026 Nepes Ark Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 175-1, suokjeong-gil, yeonpung-myeon, goesan-gun, chungcheongbuk-do, South Korea New Risk • Mar 04
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. This is currently the only risk that has been identified for the company. New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 6.4% per year over the past 5 years. New Risk • Jun 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: Major Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Tillkännagivande • Mar 15
Nepes Ark Corporation, Annual General Meeting, Mar 28, 2025 Nepes Ark Corporation, Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 175-1, suokjeong-gil, yeonpung-myeon, chungcheongbuk-do, goesan-gun South Korea New Risk • Feb 07
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: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.0b (US$96.0m) 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: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩135.0b market cap, or US$96.0m). New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 6.0% 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. This is currently the only risk that has been identified for the company. New Risk • Aug 05
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 8.1% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩24,150, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total loss to shareholders of 38% over the past three years. New Risk • Nov 08
New major risk - Revenue and earnings growth Revenue has declined by 5.2% 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 Risks Interest payments are not well covered by earnings (0.2x net interest cover). Revenue has declined by 5.2% over the past year. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩29,550, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 4.6% over the past year. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩27,700, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 8.4% over the past year. 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 ₩26,750, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩20,950, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 53% over the past year. Tillkännagivande • Jun 22
Nepes Ark Corporation announced that it expects to receive KRW 30 billion in funding from Kiwoom Investment Co., Ltd. Nepes Ark Corporation announced a private placement of 2nd bearer no-guaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on June 20, 2022. The bonds being issued are 100% convertible into 867,804 shares of the company representing 7.12% of the total shares at a conversion price of KRW 34,570 per share starting June 30, 2023 till May 30, 2052. The payment date of the transaction is June 30, 2022. The transaction involved participation from IBK Kiwoom Business Reorganization Private Equity LP for KRW 12,500,000,000, JN No. 1 Private Equity LP for KRW 12,500,000,000, Kiwoom New Hero Scaleup Fund 4, a fund managed by Kiwoom Investment Co., Ltd. for KRW 5,000,000,000. The bonds will bear an interest rate of 2% per annum and maturity rate of 2%. The transaction has been approved by the board of directors of the company. The bonds will mature on June 30, 2052. 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 ₩33,700, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total loss to shareholders of 21% over the past year. Tillkännagivande • Feb 26
Nepes Ark Corporation, Annual General Meeting, Mar 25, 2021 Nepes Ark Corporation, Annual General Meeting, Mar 25, 2021, at 10:00 Korea Standard Time. 
