Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,395, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩3,940, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total loss to shareholders of 5.9% over the past three years. New Risk • May 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩150.3b (US$99.8m) 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩5,000, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the Machinery industry in South Korea. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,320, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 22x in the Machinery industry in South Korea. Total returns to shareholders of 122% over the past three years. Duyuru • Mar 17
ILSEUNG Co., Ltd., Annual General Meeting, Mar 31, 2026 ILSEUNG Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 417, mieumsandan-ro, gangseo-gu, busan South Korea New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩141.1b (US$96.5m) 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩4,600, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 23x in the Machinery industry in South Korea. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,100, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 25x in the Machinery industry in South Korea. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩8,620, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 26x in the Machinery industry in South Korea. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩8,030, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 26x in the Machinery industry in South Korea. Total returns to shareholders of 53% over the past three years. New Risk • Aug 20
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 7.9% 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩4,940, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 20x in the Machinery industry in South Korea. Total returns to shareholders of 34% over the past three years. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.5b (US$99.7m) 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: Minor Risks Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (₩138.5b market cap, or US$99.7m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩4,425, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • Mar 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (₩131.8b market cap, or US$89.9m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩5,100, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 83% over the past three years. Duyuru • Mar 01
ILSEUNG Co., Ltd., Annual General Meeting, Mar 31, 2025 ILSEUNG Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: auditorium, 417, mieumsandan-ro, gangseo-gu, busan South Korea Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,590, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,590, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 12x in the Machinery industry in South Korea. Total returns to shareholders of 51% over the past three years. New Risk • Nov 12
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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₩138.0b market cap, or US$98.1m). New Risk • Aug 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₩102.9b market cap, or US$77.2m). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩3,505, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total loss to shareholders of 9.3% over the past three years. New Risk • Nov 19
New major risk - Revenue and earnings growth Revenue has declined by 18% 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 Risk Revenue has declined by 18% over the past year. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (₩89.3b market cap, or US$69.0m). Buying Opportunity • Oct 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₩4,109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last year. Earnings per share has grown by 2.9%. Buying Opportunity • Sep 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₩4,027, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last year. Earnings per share has grown by 2.9%. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩4,550, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 126% over the past three years. New Risk • Jun 29
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩3,395, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 66% over the past three years. 