New Risk • Jun 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.1b (US$9.18m) This is considered a major 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). Market cap is less than US$10m (₩14.1b market cap, or US$9.18m). New Risk • May 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: -₩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 Risk Less than 1 year of cash runway based on free cash flow trend (-₩14b free cash flow). Minor Risk Market cap is less than US$100m (₩19.2b market cap, or US$12.7m). Board Change • May 20
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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. Duyuru • Mar 07
ENEX Co., LTD., Annual General Meeting, Mar 26, 2026 ENEX Co., LTD., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 40, seocho-daero 73-gil, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩420, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 44% over the past three years. New Risk • Dec 04
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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩39.9b market cap, or US$27.1m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩673, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Dec 04
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₩673. The fair value is estimated to be ₩513, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩13.00 loss per share (vs ₩5.00 loss in 3Q 2024) Third quarter 2025 results: ₩13.00 loss per share (further deteriorated from ₩5.00 loss in 3Q 2024). Revenue: ₩52.0b (down 27% from 3Q 2024). Net loss: ₩761.7m (loss widened 153% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩20.00 (vs ₩49.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩20.00 (down from ₩49.00 in 2Q 2024). Revenue: ₩54.8b (down 14% from 2Q 2024). Net income: ₩1.17b (down 59% from 2Q 2024). Profit margin: 2.1% (down from 4.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
First quarter 2025 earnings released: EPS: ₩26.00 (vs ₩19.00 in 1Q 2024) First quarter 2025 results: EPS: ₩26.00 (up from ₩19.00 in 1Q 2024). Revenue: ₩60.3b (down 4.8% from 1Q 2024). Net income: ₩1.53b (up 39% from 1Q 2024). Profit margin: 2.5% (up from 1.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩864, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩704, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Consumer Durables industry in South Korea. Total loss to shareholders of 72% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩65.00 (vs ₩332 loss in FY 2023) Full year 2024 results: EPS: ₩65.00 (up from ₩332 loss in FY 2023). Revenue: ₩264.1b (up 14% from FY 2023). Net income: ₩3.87b (up ₩23.5b from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 39% per year. Duyuru • Mar 08
ENEX Co., LTD., Annual General Meeting, Mar 26, 2025 ENEX Co., LTD., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 40, seocho-daero 73-gil, seocho-gu, seoul South Korea 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 9.9% 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: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₩35.3b market cap, or US$24.7m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩49.00 (vs ₩21.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩49.00 (up from ₩21.00 loss in 2Q 2023). Revenue: ₩64.1b (up 17% from 2Q 2023). Net income: ₩2.88b (up ₩4.11b from 2Q 2023). Profit margin: 4.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2022 earnings released: ₩396 loss per share (vs ₩174 profit in FY 2021) Full year 2022 results: ₩396 loss per share (down from ₩174 profit in FY 2021). Revenue: ₩206.0b (up 2.1% from FY 2021). Net loss: ₩23.5b (down 334% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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 • Sep 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩1,000, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 10x in the Consumer Durables industry in South Korea. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₩1,675, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩1,530, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 17x in the Consumer Durables industry in South Korea. Total returns to shareholders of 10% over the past three years. 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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 • Mar 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₩2,440, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 19x in the Consumer Durables industry in South Korea. Total returns to shareholders of 51% over the past three years. Reported Earnings • Mar 21
Full year 2020 earnings released: ₩161 loss per share (vs ₩66.00 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩233.7b (down 36% from FY 2019). Net loss: ₩8.89b (loss widened 145% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Duyuru • Mar 05
Enex Co.,Ltd, Annual General Meeting, Mar 25, 2021 Enex Co.,Ltd, Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 21
New 90-day high: ₩2,095 The company is up 111% from its price of ₩995 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 Consumer Durables industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩1,345 The company is up 33% from its price of ₩1,010 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₩1,115 The company is up 5.0% from its price of ₩1,060 on 15 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is flat over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩950 The company is down 12% from its price of ₩1,080 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 Consumer Durables industry, which is up 25% over the same period.