Duyuru • Mar 17
ENPLUS Co., Ltd., Annual General Meeting, Mar 31, 2026 ENPLUS Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 818-11, hyundaikia-ro, bibong-myeon, gyeonggi-do, hwaseong South Korea Reported Earnings • Apr 11
Full year 2024 earnings released: ₩1,075 loss per share (vs ₩904 loss in FY 2023) Full year 2024 results: ₩1,075 loss per share (further deteriorated from ₩904 loss in FY 2023). Revenue: ₩58.3b (up 30% from FY 2023). Net loss: ₩77.5b (loss widened 33% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩619, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total loss to shareholders of 85% over the past three years. Duyuru • Mar 18
ENPLUS Co., Ltd., Annual General Meeting, Mar 31, 2025 ENPLUS Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 818-11, hyundaikia-ro, bibong-myeon, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to ₩639, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total loss to shareholders of 85% over the past three years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: ₩304 loss per share (vs ₩10.00 loss in 3Q 2023) Third quarter 2024 results: ₩304 loss per share (further deteriorated from ₩10.00 loss in 3Q 2023). Revenue: ₩10.8b (up 297% from 3Q 2023). Net loss: ₩7.93b (loss widened ₩7.23b from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Nov 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 9.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Market cap is less than US$100m (₩75.1b market cap, or US$53.8m). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩1,016, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,622, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 12x in the Machinery industry in South Korea. Total loss to shareholders of 58% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ₩199 loss per share (vs ₩1,223 loss in 2Q 2023) Second quarter 2024 results: ₩199 loss per share (improved from ₩1,223 loss in 2Q 2023). Revenue: ₩13.6b (up 20% from 2Q 2023). Net loss: ₩14.2b (loss narrowed 81% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩121.2b (US$88.9m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩14b free cash flow). Earnings have declined by 34% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Market cap is less than US$100m (₩121.2b market cap, or US$88.9m). New Risk • May 27
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: -₩14b 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 (-₩14b free cash flow). Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Apr 29
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 9.5% 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 Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Duyuru • Feb 29
ENPLUS Co., Ltd. announced that it has received KRW 10 billion in funding from Sangsangin Savings Bank, Sangsangin Plus Savings Bank Co.,Ltd. On February 28, 2024, ENPLUS Co., Ltd., closed the transaction. Duyuru • Jan 15
ENPLUS Co., Ltd. announced that it has received KRW 3 billion in funding On January 15, 2024, ENPLUS Co., Ltd., closed the transaction. Duyuru • Jan 12
ENPLUS Co., Ltd. announced that it expects to receive KRW 3 billion in funding ENPLUS Co., Ltd. announced a private placement of series 29 bearer-bearing interest-bearing unsecured private placement convertible bonds in the principal amount of KRW 3,000,000,000 on January 11, 2024. The bonds will bear coupon interest rate of 2% and maturity interest rate of 4%. The bonds will mature on January 15, 2027. The bonds are 100% convertible into common shares of the company at a conversion price of KRW 3,725 per share for 805,369 shares from January 15, 2025 to December 14, 2026. The transaction is expected to close on January 15, 2024. The transaction will include the participation from new investor SU Made Association. The bonds are restricted to a hold period of 1 year from the date of bond issuance. The transaction received the board approval. New Risk • Aug 26
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: -₩25b 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 (-₩25b free cash flow). Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Duyuru • Jun 20
ENPLUS Co., Ltd. announced that it has received KRW 32.2 billion in funding On July 19, 2023, ENPLUS Co., Ltd. closed the transaction. The company has issued series 26th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 8,000,000,000 in its final tranche, bring the total funds raised in the transaction to KRW 32,200,000,000. Reported Earnings • Mar 26
Full year 2022 earnings released: ₩640 loss per share (vs ₩402 loss in FY 2021) Full year 2022 results: ₩640 loss per share (further deteriorated from ₩402 loss in FY 2021). Revenue: ₩26.9b (down 51% from FY 2021). Net loss: ₩36.3b (loss widened 86% from FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
ENPLUS Co., Ltd. (KOSE:A074610) entered into an agreement to acquire 10.1% stake in Biolog Device Co., Ltd. (KOSDAQ:A208710) from Goldstar Livestock Promotion Co., Ltd. Ltd for approximately KRW 15 billion. ENPLUS Co., Ltd. (KOSE:A074610) entered into an agreement to acquire 10.1% stake in Biolog Device Co., Ltd. (KOSDAQ:A208710) from Goldstar Livestock Promotion Co., Ltd. Ltd for approximately KRW 15 billion on June 28, 2022. As per the terms, ENPLUS will acquire 4,200,000 shares at KRW 3,571 per share. Down payment of KRW 7,500,000,000 will be paid on June 28, 2022 and balance amount KRW 7,498,200,000 will be paid on September 1, 2022. The transaction is expected to close on September 1, 2022. Duyuru • May 26
Enplus Co., Ltd. announced that it has received KRW 10.1 billion in funding from Korea Fixed Income Investment Advisory Co., Ltd. On May 24, 2022, Enplus Co., Ltd. closed the transaction. Reported Earnings • May 19
First quarter 2022 earnings released: ₩73.00 loss per share (vs ₩117 loss in 1Q 2021) First quarter 2022 results: ₩73.00 loss per share (up from ₩117 loss in 1Q 2021). Revenue: ₩6.43b (up 410% from 1Q 2021). Net loss: ₩3.89b (loss narrowed 24% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 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. 5 experienced directors. No highly experienced directors. No independent directors (5 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. Duyuru • Aug 19
Smac Co. Ltd. (KOSDAQ:A097780) signed a contract to acquire 30.44% stake in Barun Electronics Co., Ltd. (KOSDAQ:A064520) from Enplus Co., Ltd. (KOSE:A074610) for KRW 12 billion. Smac Co. Ltd. (KOSDAQ:A097780) signed a contract to acquire 30.44% stake in Barun Electronics Co., Ltd. (KOSDAQ:A064520) from Enplus Co., Ltd. (KOSE:A074610) for KRW 12 billion on August 18, 2021. As reported, Smac Co. Ltd. will acquire 22.4 million shares in Barun Electronics Co., Ltd. at a price of KRW 535 per share. Under the terms of contract, a down payment of KRW 1.2 billion constituting 10% of the purchase consideration has been made and 2.24 million shares transferred on August 18, 2021. An interim payment of KRW 4.8 billion, representing 40% of purchase consideration is scheduled to be paid on August 27, 2021 with 8.97 million shares transferred and the balance consideration of KRW 6 billion, representing 50% of purchase consideration is scheduled to be paid on September 16, 2021 with remaining 11.2 million shares transferred. The scheduled date of change is September 16, 2021. Duyuru • Jul 01
Enplus Co., Ltd. announced that it has received KRW 10 billion in funding On June 30, 2021, Enplus Co., Ltd. closed the transaction. Duyuru • Jun 02
Enplus Co., Ltd. announced that it expects to receive KRW 10 billion in funding Enplus Co., Ltd. (KOSE:A074610) announced a private placement of Round 19 Unregistered Coupon Nonguaranteed Private Convertible Bond for gross proceeds of KRW 10,000,000,000 on June 1, 2021. The transaction will include participation from Aerospace 9 Co., Ltd. The debt maturity date is June 30, 2024. The bonds carry a surface interest rate of 2% and Interest rate to maturity of 4%. The bonds will be convertible into 2,375,296 common shares at a conversion price of KRW 4,210. The conversion period will start from June 30, 2022 and end on May 29, 2024. The subscription date is June 03, 2021 and the payment date is June 30, 2021. The transaction was approved by the company's board. The bonds carry a hold period of one year. Duyuru • Mar 18
Enplus Co., Ltd. announced that it has received KRW 30.1 billion in funding from JH Investment Co.,Ltd., Eastgate Investment Co., Ltd., N.D.I. Co., Ltd., Leaders Technology Investment Co., Ltd On March 17, 2021, Enplus Co., Ltd. (KOSE:A074610) closed the transaction. The company has received KRW 10,000,0000,000 in its third tranche. Duyuru • Mar 17
Enplus Co., Ltd. announced that it expects to receive KRW 20 billion in funding Enplus Co., Ltd. (KOSE:A074610) announced a private placement of series 18 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on March 16, 2021. The transaction will include participation from Cosmos Fund 1. The debt maturity date is May 12, 2024. The bonds will be convertible into 4,385,964 common shares at a conversion price of KRW 4,560. The conversion period will start from May 12, 2022 and end on April 11, 2024. The subscription date is March 18, 2021 and the payment date is May 12, 2021. The transaction was approved by the company's board. Duyuru • Mar 16
Enplus Co., Ltd., Annual General Meeting, Mar 31, 2021 Enplus Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Mar 09
New 90-day high: ₩4,360 The company is up 16% from its price of ₩3,755 on 09 December 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₩4,205 The company is up 4.0% from its price of ₩4,060 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: ₩3,425 The company is down 36% from its price of ₩5,320 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: ₩3,660 The company is down 35% from its price of ₩5,620 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩3,855 The company is down 39% from its price of ₩6,270 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. 