Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,830, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 200% over the past three years. New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩150.5b (US$99.6m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). 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. Market cap is less than US$100m (₩150.5b market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩9,000, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 135% over the past three years. Tillkännagivande • Feb 25
PS Tec. Co., Ltd., Annual General Meeting, Mar 26, 2026 PS Tec. Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 80, hwanggeum 3-ro 7beon-gil, yangchon-eup, gyeonggi-do, gimpo South Korea Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩16,290, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 424% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩11,260, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 250% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩7,720, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 132% over the past three years. New Risk • Dec 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 8.9% 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 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 (8.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩88.1b market cap, or US$60.0m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩5,360, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 63% over the past three years. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩229 (vs ₩15.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩229 (up from ₩15.00 in 2Q 2024). Revenue: ₩30.0b (up 28% from 2Q 2024). Net income: ₩3.67b (up ₩3.42b from 2Q 2024). Profit margin: 12% (up from 1.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 15 July 2025. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Jun 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.9% to ₩4,125. The fair value is estimated to be ₩3,390, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 42%. Declared Dividend • May 29
Dividend of ₩100.00 announced Shareholders will receive a dividend of ₩100.00. Ex-date: 27th June 2025 Payment date: 1st August 2025 Dividend yield will be 6.2%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩341 (vs ₩234 in FY 2023) Full year 2024 results: EPS: ₩341 (up from ₩234 in FY 2023). Revenue: ₩80.6b (up 16% from FY 2023). Net income: ₩5.64b (up 44% from FY 2023). Profit margin: 7.0% (up from 5.6% in FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 07
PS Tec. Co., Ltd., Annual General Meeting, Mar 26, 2025 PS Tec. Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 80, hwanggeum 3-ro 7beon-gil, yangchon-eup, gyeonggi-do, gimpo South Korea Declared Dividend • Dec 25
Dividend of ₩150 announced Shareholders will receive a dividend of ₩150. Ex-date: 27th December 2024 Payment date: 1st January 1970 Dividend yield will be 6.2%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is not covered by earnings (420% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 367% to bring the payout ratio under control. However, EPS has declined by 9.8% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩15.00 (vs ₩162 in 2Q 2023) Second quarter 2024 results: EPS: ₩15.00 (down from ₩162 in 2Q 2023). Revenue: ₩23.4b (up 43% from 2Q 2023). Net income: ₩251.8m (down 92% from 2Q 2023). Profit margin: 1.1% (down from 19% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 13
Now 20% overvalued Over the last 90 days, the stock has fallen 9.8% to ₩3,610. The fair value is estimated to be ₩3,003, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share at 4.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.9%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Reported Earnings • Mar 26
Full year 2022 earnings released: ₩268 loss per share (vs ₩361 profit in FY 2021) Full year 2022 results: ₩268 loss per share (down from ₩361 profit in FY 2021). Revenue: ₩71.0b (up 23% from FY 2021). Net loss: ₩4.63b (down 173% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: ₩361 (vs ₩55.00 in FY 2020) Full year 2021 results: EPS: ₩361 (up from ₩55.00 in FY 2020). Revenue: ₩57.6b (up 8.3% from FY 2020). Net income: ₩6.37b (up ₩5.39b from FY 2020). Profit margin: 11% (up from 1.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of ₩75.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. Payout ratio is a comfortable 15% and the cash payout ratio is 80%. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₩6,800, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 25x in the Electronic industry in South Korea. Total returns to shareholders of 24% over the past three years. Is New 90 Day High Low • Feb 22
New 90-day high: ₩6,110 The company is up 33% from its price of ₩4,610 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩4,920 The company is up 2.0% from its price of ₩4,825 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 38% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩150 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.2% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (0.5%). Is New 90 Day High Low • Oct 06
New 90-day high: ₩4,850 The company is up 21% from its price of ₩3,995 on 08 July 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 Electronic industry, which is up 11% over the same period.