Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,425, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 7x in the Tech industry in South Korea. Total loss to shareholders of 41% over the past three years. New Risk • Apr 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩98.0b market cap, or US$66.5m). Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: ₩462 (vs ₩98.00 in FY 2024) Full year 2025 results: EPS: ₩462 (up from ₩98.00 in FY 2024). Revenue: ₩313.8b (up 19% from FY 2024). Net income: ₩8.73b (up 370% from FY 2024). Profit margin: 2.8% (up from 0.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Mar 12
JCH Systems, Inc., Annual General Meeting, Mar 26, 2026 JCH Systems, Inc., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 74, saechang-ro 45-gil, yongsan-gu, seoul South Korea Duyuru • Mar 11
JCH Systems, Inc. announces Annual dividend JCH Systems, Inc. announced Annual dividend of KRW 50.0000 per share, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩5,220, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 19x in the Tech industry in South Korea. Total loss to shareholders of 22% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: ₩98.00 (vs ₩143 loss in FY 2023) Full year 2024 results: EPS: ₩98.00 (up from ₩143 loss in FY 2023). Revenue: ₩263.9b (up 25% from FY 2023). Net income: ₩1.86b (up ₩4.55b from FY 2023). Profit margin: 0.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Duyuru • Mar 05
JCH Systems, Inc., Annual General Meeting, Mar 20, 2025 JCH Systems, Inc., Annual General Meeting, Mar 20, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 74, saechang-ro 45-gil, yongsan-gu, seoul South Korea Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,055, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 61% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: ₩143 loss per share (vs ₩15.00 profit in FY 2022) Full year 2023 results: ₩143 loss per share (down from ₩15.00 profit in FY 2022). Revenue: ₩211.6b (up 5.5% from FY 2022). Net loss: ₩2.70b (down ₩2.98b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,995, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 41% over the past three years. New Risk • Oct 19
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 11% 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 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩105.0b market cap, or US$77.4m). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩5,560, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 11x in the Tech industry in South Korea. Total loss to shareholders of 31% over the past three years. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩15.00 (vs ₩801 in FY 2021) Full year 2022 results: EPS: ₩15.00 (down from ₩801 in FY 2021). Revenue: ₩200.6b (down 24% from FY 2021). Net income: ₩286.0m (down 98% from FY 2021). Profit margin: 0.1% (down from 5.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩110 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.5%). 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. 8 experienced directors. No highly experienced directors. 1 independent director (7 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 • Oct 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩3,220, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,830, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,665, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Tech industry in South Korea. Total loss to shareholders of 20% 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. 8 experienced directors. No highly experienced directors. 1 independent director (7 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 04 April 2022. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩553 (vs ₩37.00 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩239.8b (up 15% from FY 2019). Net income: ₩10.4b (up ₩9.73b from FY 2019). Profit margin: 4.4% (up from 0.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 08
New 90-day low: ₩8,070 The company is down 6.0% from its price of ₩8,580 on 08 December 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: ₩9,480 The company is up 15% from its price of ₩8,250 on 22 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 43% over the same period. Valuation Update With 7 Day Price Move • Oct 21
Market pulls back on stock over the past week After last week's 17% share price decline to ₩7,810, the stock is trading at a trailing P/E ratio of 31.1x, down from the previous P/E ratio of 37.6x. This compares to an average P/E of 20x in the Tech industry in South Korea. Total returns to shareholders over the past three years are 33%. Is New 90 Day High Low • Oct 05
New 90-day high: ₩9,810 The company is up 59% from its price of ₩6,180 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 6.0% over the same period.