New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩153.8b (US$100.0m) 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Market cap is less than US$100m (₩153.8b market cap, or US$100.0m). Duyuru • Mar 11
TK Chemical Corporation, Annual General Meeting, Mar 31, 2026 TK Chemical Corporation, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 8-1, yonsei-ro, seodaemun-gu, seoul South Korea New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩142.3b (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: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Market cap is less than US$100m (₩142.3b market cap, or US$99.7m). Duyuru • Mar 12
TK Chemical Corporation, Annual General Meeting, Mar 31, 2025 TK Chemical Corporation, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 78, magokjungang 8-ro, gangseo-gu, seoul South Korea New Risk • Dec 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 9.3% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Duyuru • Nov 28
SM Line Corporation agreed to acquire 11.3% stake in Korea Line Corporation (KOSE:A005880) from TK Chemical Corporation (KOSDAQ:A104480) for KRW 78.8 billion. SM Line Corporation agreed to acquire 11.3% stake in Korea Line Corporation (KOSE:A005880) from TK Chemical Corporation (KOSDAQ:A104480) for KRW 78.8 billion on November 26, 2024. A cash consideration of KRW 78.85 billion will be paid by SM Line Corporation for 36,285,226 shares. The expected completion of the transaction is January 24, 2025. New Risk • Aug 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.5b (US$99.9m) 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Market cap is less than US$100m (₩136.5b market cap, or US$99.9m). New Risk • Apr 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.4b (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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Market cap is less than US$100m (₩139.4b market cap, or US$99.8m). New Risk • Oct 10
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 8.8% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). New Risk • Jul 25
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 8.8% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 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: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 19% share price gain to ₩5,790, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 11x in the Luxury industry in South Korea. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₩7,550, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 15x in the Luxury industry in South Korea. Total returns to shareholders of 216% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: ₩16.00 loss per share (vs ₩111 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩429.3b (down 31% from FY 2019). Net loss: ₩1.36b (down 114% from profit in FY 2019). Is New 90 Day High Low • Mar 11
New 90-day high: ₩3,415 The company is up 63% from its price of ₩2,100 on 11 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩3,160 The company is up 78% from its price of ₩1,780 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩2,600 The company is up 41% from its price of ₩1,840 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₩2,590 The company is up 36% from its price of ₩1,905 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: ₩2,230 The company is up 9.0% from its price of ₩2,040 on 14 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: ₩1,710 The company is down 17% from its price of ₩2,050 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 Luxury industry, which is up 14% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: ₩1,760 The company is down 17% from its price of ₩2,120 on 26 June 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period.