Board Change • 3h
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Dong-Hwi Lee was the last independent director to join the board, commencing their role in 2012. 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 17
Welkeeps Hitech Co.,Ltd, Annual General Meeting, Mar 30, 2026 Welkeeps Hitech Co.,Ltd, Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 134, sindumangok-ro, gongdo-eup, gyeonggi-do, anseong South Korea New Risk • Feb 06
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 27% 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 (₩21.0b market cap, or US$14.3m). Reported Earnings • Nov 16
Third quarter 2025 earnings released: ₩14.00 loss per share (vs ₩56.00 loss in 3Q 2024) Third quarter 2025 results: ₩14.00 loss per share (improved from ₩56.00 loss in 3Q 2024). Revenue: ₩5.24b (flat on 3Q 2024). Net loss: ₩361.1m (loss narrowed 76% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Oct 14
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 10% 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 (10% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩18.9b market cap, or US$13.2m). New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. 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 (9.9% average weekly change). Market cap is less than US$100m (₩17.2b market cap, or US$12.4m). New Risk • Jul 17
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 9.2% 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 3.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₩21.7b market cap, or US$15.6m). New Risk • May 20
New major risk - Revenue and earnings growth Earnings have declined by 3.6% 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 Risk Earnings have declined by 3.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩17.5b market cap, or US$12.6m). Duyuru • Mar 15
Welkeeps Hitech Co.,Ltd, Annual General Meeting, Mar 31, 2025 Welkeeps Hitech Co.,Ltd, Annual General Meeting, Mar 31, 2025, at 10:30 Tokyo Standard Time. Location: conference room, 134, sindumangok-ro, gongdo-eup, gyeonggi-do, anseong South Korea New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩15.9b market cap, or US$11.2m). New Risk • Nov 26
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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (₩18.2b market cap, or US$13.0m). New Risk • Nov 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.0b (US$9.98m) 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 Risk Market cap is less than US$10m (₩14.0b market cap, or US$9.98m). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • Nov 14
Third quarter 2024 earnings released: ₩57.00 loss per share (vs ₩37.00 profit in 3Q 2023) Third quarter 2024 results: ₩57.00 loss per share (down from ₩37.00 profit in 3Q 2023). Revenue: ₩5.19b (down 15% from 3Q 2023). Net loss: ₩1.50b (down 210% from profit in 3Q 2023). New Risk • Aug 30
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 9.1% 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 Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩26.7b market cap, or US$20.0m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩1,108, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩1,380, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 30% over the past year. New Risk • Mar 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₩31.7b market cap, or US$23.5m). Board Change • Jan 19
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Dong-Hwi Lee was the last independent director to join the board, commencing their role in 2012. 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 • Nov 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,081, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 23% over the past year. Reported Earnings • Nov 13
Third quarter 2023 earnings released: EPS: ₩37.00 (vs ₩15.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩37.00 (up from ₩15.00 in 3Q 2022). Revenue: ₩6.11b (up 38% from 3Q 2022). Net income: ₩1.36b (up ₩1.16b from 3Q 2022). Profit margin: 22% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩851, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 35% over the past year. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩32.00 (vs ₩42.00 in 1Q 2022) First quarter 2023 results: EPS: ₩32.00 (down from ₩42.00 in 1Q 2022). Revenue: ₩3.37b (down 51% from 1Q 2022). Net income: ₩1.11b (down 23% from 1Q 2022). Profit margin: 33% (up from 21% in 1Q 2022). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩1,257, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 12x in the Electronic industry in South Korea. 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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Dong-Hwi Lee was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 28
Now 43% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be ₩3,980, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improved over the past week After last week's 30% share price gain to ₩3,900, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 11x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₩2,485, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 13x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩1,415, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 14x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩1,735, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Board Change • May 31
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Dong-Hwi Lee was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.