Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,535, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 10x in the Electronic industry in South Korea. Total loss to shareholders of 57% over the past three years. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩148 (vs ₩71.04 in FY 2024) Full year 2025 results: EPS: ₩148 (up from ₩71.04 in FY 2024). Revenue: ₩36.7b (up 2.4% from FY 2024). Net income: ₩4.97b (up 114% from FY 2024). Profit margin: 14% (up from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 20
Senko Co., Ltd, Annual General Meeting, Mar 25, 2026 Senko Co., Ltd, Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 445, doksanseong-ro, gyeonggi-do, osan South Korea Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩101 (vs ₩16.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩101 (up from ₩16.00 loss in 3Q 2024). Revenue: ₩8.32b (up 27% from 3Q 2024). Net income: ₩3.37b (up ₩3.90b from 3Q 2024). Profit margin: 41% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Earnings have declined by 21% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₩81.5b market cap, or US$56.1m). Tillkännagivande • Oct 30
Senko Co., Ltd announced that it has received KRW 5.999998072 billion in funding from T.S. Investment Corporation On October 29, 2025, Senko Co., Ltd closed the transaction. Tillkännagivande • Oct 22
Senko Co., Ltd announced that it expects to receive KRW 5.999998072 billion in funding from T.S. Investment Corporation Senko Co., Ltd announced a private placement to issue 2,918,287 common shares at an issue price of KRW 2,056 per share for gross proceeds of KRW 5,999,998,072 on October 21, 2025. The transaction will include participation from new investor TS 14 New Deal Innovation Growth Fund. The transaction has been approved by shareholders, expected to close on October 29, 2025 and restricted to a hold period. Tillkännagivande • Aug 20
T.S. 2024-16 M&A Growh Fund, managed by T.S. Investment Corporation (KOSDAQ:A246690) completed the acquisition of 14.74% stake in Senko Co., Ltd (KOSDAQ:A347000) from Ha Seung Cheol. T.S. 2024-16 M&A Growh Fund, managed by T.S. Investment Corporation (KOSDAQ:A246690) signed an agreement to acquire 14.74% stake in Senko Co., Ltd (KOSDAQ:A347000) from Ha Seung Cheol for KRW 17.7 billion on July 1, 2025. Ha Seung Cheol has 27.69% stake and after this transaction Ha Seung will hold 12.96% stake in Senko. In this transaction, T.S. 2024-16 M&A will acquire 5 million shares in Senko and value per share is KRW 3,540. The transaction price of KRW 17.7 billion. The transaction was financed through equity investment of KRW 17.7 billion. Balance KRW 15.9 billion (Same day as the extraordinary general meeting of shareholders regarding the change in management rights of Senko Co., Ltd.). At the same time as the acquisition of existing shares through this stock transfer agreement, T.S. 2024-16 M&A Growh Fund will acquire new shares by participating in our third-party allocation paid-in capital increase. Upon completion of the paid-in capital increase, the total number of shares owned by T.S. 2024-16 M&A Growh Fund will be 6,887,583, and the stake ratio will be 19.23%.
The expected completion of the transaction is August 18, 2025.
T.S. 2024-16 M&A Growh Fund, managed by T.S. Investment Corporation (KOSDAQ:A246690) completed the acquisition of 14.74% stake in Senko Co., Ltd (KOSDAQ:A347000) from Ha Seung Cheol on August 18, 2025. Tillkännagivande • Jul 02
Senko Co., Ltd announced that it expects to receive KRW 4.499997872 billion in funding from T.S. Investment Corporation Senko Co., Ltd announced a private placement of 1,887,583 of common stock at price KRW 2,384 per share for gross proceeds KRW 4,499,997,872 on July 1, 2025. The transaction expected to close on August 18, 2025. The issuance is made on Third-party allotment. The transaction includes participation from T.S. 2024-16 M&A Growh Fund. The transaction was approved by board of directors. The shares are held lockup for 1 year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩2,760, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 24% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩71.04 (vs ₩41.22 loss in FY 2023) Full year 2024 results: EPS: ₩71.04 (up from ₩41.22 loss in FY 2023). Revenue: ₩35.9b (up 5.6% from FY 2023). Net income: ₩2.32b (up ₩3.67b from FY 2023). Profit margin: 6.5% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% 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 • Feb 19
Senko Co., Ltd, Annual General Meeting, Mar 26, 2025 Senko Co., Ltd, Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 445, doksanseong-ro, gyeonggi-do, osan South Korea Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,030, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 56% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩41.22 loss per share (vs ₩51.08 profit in FY 2022) Full year 2023 results: ₩41.22 loss per share (down from ₩51.08 profit in FY 2022). Revenue: ₩34.0b (down 12% from FY 2022). Net loss: ₩1.35b (down 181% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Jul 20
New major 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 High level of non-cash earnings (27% accrual ratio). 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 (3.3% net profit margin). Market cap is less than US$100m (₩100.8b market cap, or US$79.4m). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩119 (vs ₩327 in FY 2021) Full year 2022 results: EPS: ₩119 (down from ₩327 in FY 2021). Revenue: ₩40.8b (up 48% from FY 2021). Net income: ₩979.9m (down 63% from FY 2021). Profit margin: 2.4% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Tillkännagivande • Jun 04
Senko Co., Ltd (KOSDAQ:A347000) agreed to acquire a 70% stake in U&E Co., Ltd. for KRW 2.8 billion. Senko Co., Ltd (KOSDAQ:A347000) agreed to acquire a 70% stake in U&E Co., Ltd. for KRW 2.8 billion on June 3, 2021. Under the term, Senko will acquire 0.01 million shares of U&E. As of December 31, 2020, U&E reported total assets of KRW 1.95 billion, total debt of KRW 907 million, sales of KRW 2.7 billion and net income of KRW 83 million. The transaction was resolved by the board of directors of Senko on June 3, 2021. The transaction is expected to close on June 3, 2021. Tillkännagivande • Apr 28
Senko Co., Ltd announced that it has received KRW 25.000006875 billion in funding On April 27, 2021, Senko Co., Ltd (KOSDAQ:A347000) closed the transaction. Tillkännagivande • Apr 01
Senko Co., Ltd announced that it expects to receive KRW 12.500006875 billion in funding Senko Co., Ltd (KOSDAQ:A347000) announced a private placement of 578,035 redeemable convertible preferred shares at a price of KRW 21,625 for the gross proceeds of KRW 12,500,006,875 on March 31, 2021. The transaction will include participation from LB POSCO New Growth Private Equity Partnership. The company will raise the funds through third party allocation increase method. The preferred shares will be convertible into 578,035 registered common stock. The shareholders of this preferred stock have one voting right equal to common stock per share. In the case of conversion to common stock, common stocks after conversion have one voting right per share. Preferred stocks are participatory and cumulative preferred stocks, and the acquirer receives 1% of annual dividends accumulatively based on the issue price per share while holding the preferred stocks. In the event, the excess portion is paid by participating in the same dividend rate as common stock. The transaction has been approved by board of directors. The preferred shares will be issued at 10% discount rate. Preferred shares carry a hold period of one year. Is New 90 Day High Low • Feb 20
New 90-day low: ₩21,250 The company is down 1.0% from its price of ₩21,450 on 20 November 2020. The South Korean market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 39% over the same period.