New Risk • Jul 31
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 18% 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 (18% average weekly change). Earnings have declined by 62% per year over the past 5 years. Duyuru • Mar 17
Taesung Co.,Ltd., Annual General Meeting, Mar 31, 2026 Taesung Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 228, haean-ro, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Jan 28
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 59% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Aug 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: 0.6% 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: Major Risks Earnings have declined by 55% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). 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 (0.6% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Earnings have declined by 54% per year over the past 5 years. High level of non-cash earnings (50% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Apr 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (55% accrual ratio). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩17,260, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 535% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₩233 (vs ₩57.00 loss in FY 2023) Full year 2024 results: EPS: ₩233 (up from ₩57.00 loss in FY 2023). Revenue: ₩59.2b (up 78% from FY 2023). Net income: ₩5.97b (up ₩7.38b from FY 2023). Profit margin: 10% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Duyuru • Mar 18
Taesung Co.,Ltd., Annual General Meeting, Mar 31, 2025 Taesung Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 228, haean-ro, danwon-gu, gyeonggi-do, ansan South Korea Duyuru • Feb 19
Taesung Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 90.454 billion. Taesung Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 90.454 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,550,000
Price\Range: KRW 19880
Discount Per Security: KRW 198.8
Transaction Features: Rights Offering New Risk • Dec 08
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Duyuru • Nov 30
Taesung Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 96.005 billion. Taesung Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 96.005 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,550,000
Price\Range: KRW 21100
Discount Per Security: KRW 211
Transaction Features: Rights Offering Reported Earnings • Nov 15
Third quarter 2024 earnings released: ₩41.00 loss per share (vs ₩31.00 loss in 3Q 2023) Third quarter 2024 results: ₩41.00 loss per share (further deteriorated from ₩31.00 loss in 3Q 2023). Revenue: ₩12.7b (up 149% from 3Q 2023). Net loss: ₩1.03b (loss widened 33% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 245 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₩52.00 (vs ₩7.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩52.00 (up from ₩7.00 loss in 2Q 2023). Revenue: ₩14.6b (up 79% from 2Q 2023). Net income: ₩1.32b (up ₩1.48b from 2Q 2023). Profit margin: 9.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Buy Or Sell Opportunity • May 14
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₩5,650. The fair value is estimated to be ₩4,109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last year. Earnings per share has declined by 183%. Reported Earnings • Mar 24
Full year 2023 earnings released: ₩57.00 loss per share (vs ₩20.00 loss in FY 2022) Full year 2023 results: ₩57.00 loss per share (further deteriorated from ₩20.00 loss in FY 2022). Revenue: ₩33.3b (down 46% from FY 2022). Net loss: ₩1.42b (loss widened 210% from FY 2022). New Risk • Aug 19
New major risk - Revenue and earnings growth Revenue has declined by 26% 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue has declined by 26% over the past year. High level of non-cash earnings (23% accrual ratio). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (₩83.2b market cap, or US$62.1m). New Risk • Jul 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 8.1% 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: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (₩66.7b market cap, or US$51.3m). Duyuru • Nov 28
Taesung Co.,Ltd. (KOSDAQ:A323280) announces an Equity Buyback for KRW 1,000 million worth of its shares. Taesung Co.,Ltd. (KOSDAQ:A323280) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares, pursuant to a trust contract with Shinyoung Securities. The purpose of the program is to stabilize stock price and uplift shareholder value. The program will expire on May 29, 2023. As of November 27, 2022, the company had no shares in treasury within scope available for dividend and had 17 shares in treasury under other acquisitions.