Duyuru • May 08
Edge Foundry Co.,Ltd has filed a Follow-on Equity Offering in the amount of KRW 50.765 billion. Edge Foundry Co.,Ltd has filed a Follow-on Equity Offering in the amount of KRW 50.765 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 11,000,000
Price\Range: KRW 4615 New Risk • May 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 13% 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 (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩71.2b market cap, or US$49.0m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₩909, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 57% over the past three years. New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (₩88.9b market cap, or US$58.9m). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,135, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 44% over the past three years. Duyuru • Mar 17
Edge Foundry Co.,Ltd, Annual General Meeting, Mar 31, 2026 Edge Foundry Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 385, expo-ro, yuseong-gu, daejeon South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩1,149, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 8x in the Auto Components industry in South Korea. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,542, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,309, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 43% over the past three years. New Risk • Dec 11
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 8.5% 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 Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩146.7b market cap, or US$99.7m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,873, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 16% over the past three years. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩141.4b (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 Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩141.4b market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,050, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 18% over the past three years. New Risk • Apr 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major 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 Risks Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Duyuru • Mar 18
Edge Foundry Co.,Ltd, Annual General Meeting, Mar 31, 2025 Edge Foundry Co.,Ltd, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 385, expo-ro, yuseong-gu, daejeon South Korea New Risk • Feb 18
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 13% 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 (13% average weekly change). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Duyuru • Feb 07
Edge Foundry Co.,Ltd announced that it expects to receive KRW 6 billion in funding from J Investment Fund Edge Foundry Co.,Ltd announced a private placement to issue 3% Series 17 Bearer Interest Unsecured Private Placement Convertible Bonds due March 5, 2028 for the gross proceeds of KRW 6,000,000,000 on February 6, 2025. The transaction will include participation from new investor J Investment Fund. The transaction has been approve dby shareholders, restricted to a hold period and is expected to close on March 5, 2025, bears 3% coupon rate, 3% maturity rate and matures on March 5, 2028, 100% convertible into 2,190,580 shares at a fixed conversion price of KRW 2,739 from March 5, 2026 to February 5, 2028. New Risk • Jan 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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 Risks Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Dec 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.4b (US$99.5m) 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 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (₩144.4b market cap, or US$99.5m). New Risk • Dec 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 8.7% 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 Less than 1 year of cash runway based on free cash flow trend (-₩3.5b free cash flow). Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Nov 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩3.5b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩3.5b free cash flow). Earnings have declined by 41% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Duyuru • Sep 04
Edge Foundry Co.,Ltd announced that it expects to receive KRW 14.999998149 billion in funding from Ai Core Biz Co.,Ltd. Edge Foundry Co.,Ltd announced a private placement to issue 7,342,143 common shares at an issue price of KRW 2,043 per share for the gross proceeds of KRW 14,999,998,149 on September 3, 2024. The transaction will include participation from returning investor Ai Core Biz Co.,Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on November 1, 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩479 loss per share (vs ₩124 loss in FY 2022) Full year 2023 results: ₩479 loss per share (further deteriorated from ₩124 loss in FY 2022). Revenue: ₩37.0b (up 2.9% from FY 2022). Net loss: ₩21.3b (loss widened 294% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩4.6b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩4.6b free cash flow). Earnings have declined by 23% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (₩105.0b market cap, or US$81.3m). New Risk • Nov 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 19% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (₩100.4b market cap, or US$77.1m). New Risk • Oct 27
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 9.1% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩101.6b market cap, or US$75.1m). Duyuru • Sep 14
Truwin Company Limited announced that it has received KRW 10 billion in funding On September 12, 2023, Truwin Company Limited closed the transaction. Reported Earnings • May 21
First quarter 2023 earnings released: ₩23.00 loss per share (vs ₩92.94 loss in 1Q 2022) First quarter 2023 results: ₩23.00 loss per share (improved from ₩92.94 loss in 1Q 2022). Revenue: ₩9.80b (down 43% from 1Q 2022). Net loss: ₩1.04b (loss narrowed 72% from 1Q 2022). Reported Earnings • Nov 18
Third quarter 2021 earnings released: ₩112 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: ₩6.79b (flat on 3Q 2020). Net loss: ₩2.00b (flat on 3Q 2020). Is New 90 Day High Low • Feb 17
New 90-day high: ₩5,880 The company is up 65% from its price of ₩3,570 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 36% over the same period. Duyuru • Jan 28
Truwin Company Limited announced that it has received KRW 7 billion in funding from CoAsia Corporation On January 26, 2021, Truwin Company Limited (KOSDAQ:A105550) closed the transaction. Is New 90 Day High Low • Dec 28
New 90-day high: ₩4,470 The company is up 11% from its price of ₩4,020 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: ₩4,110 The company is up 22% from its price of ₩3,370 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. 