New Risk • May 28
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: 3.1% Last year net profit margin: 7.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.1% net profit margin). Buy Or Sell Opportunity • May 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to ₩60,500. The fair value is estimated to be ₩77,114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to decline by 1.7% per annum. Earnings are forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩51,400, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩77,121 per share. Ankündigung • Apr 25
LX Semicon Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 LX Semicon Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩64,100, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩101,086 per share. Reported Earnings • Mar 24
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₩5,081 (down from ₩8,024 in FY 2024). Revenue: ₩1.64t (down 12% from FY 2024). Net income: ₩82.6b (down 37% from FY 2024). Profit margin: 5.0% (down from 7.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 15% 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. Profit margins are more than 30% lower than last year (4.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩47,200, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Semiconductor industry in South Korea. Total loss to shareholders of 46% over the past three years. Ankündigung • Feb 26
LX Semicon Co., Ltd., Annual General Meeting, Mar 26, 2026 LX Semicon Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 222, techno 2-ro, yuseong-gu, daejeon South Korea Price Target Changed • Feb 07
Price target decreased by 8.0% to ₩59,000 Down from ₩64,143, the current price target is an average from 5 analysts. New target price is 9.1% above last closing price of ₩54,100. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩4,882 for next year compared to ₩8,024 last year. Declared Dividend • Feb 07
Dividend reduced to ₩1,500 Dividend of ₩1,500 is 38% lower than last year. Ex-date: 26th February 2026 Payment date: 1st January 1970 Dividend yield will be 2.8%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₩6,496 to ₩5,021 per share. Revenue forecast steady at ₩1.72b. Net income forecast to shrink 4.0% next year vs 50% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩59,000 unchanged from last update. Share price was steady at ₩54,100 over the past week. Ankündigung • Feb 06
LX Semicon Co., Ltd. announces Annual dividend LX Semicon Co., Ltd. announced Annual dividend of KRW 1500.0000 per share, ex-date on February 26, 2026 and record date on February 27, 2026. Ankündigung • Jan 30
LX Semicon Co., Ltd. to Report Fiscal Year 2025 Results on Feb 05, 2026 LX Semicon Co., Ltd. announced that they will report fiscal year 2025 results on Feb 05, 2026 Reported Earnings • Nov 20
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₩620 (down from ₩1,559 in 3Q 2024). Revenue: ₩394.4b (down 6.1% from 3Q 2024). Net income: ₩10.1b (down 60% from 3Q 2024). Profit margin: 2.6% (down from 6.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.74b to ₩1.66b. EPS estimate also fell from ₩5,664 per share to ₩4,625 per share. Net income forecast to grow 14% next year vs 39% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩66,714 to ₩64,857. Share price fell 12% to ₩52,200 over the past week. Ankündigung • Oct 29
LX Semicon Co., Ltd. to Report Q3, 2025 Results on Nov 04, 2025 LX Semicon Co., Ltd. announced that they will report Q3, 2025 results at 3:00 PM, Korea Standard Time on Nov 04, 2025 Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non-Executive Director Jin-Seo Roh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 20
LX Semicon Co., Ltd. to Report Q2, 2025 Results on Jul 24, 2025 LX Semicon Co., Ltd. announced that they will report Q2, 2025 results on Jul 24, 2025 Ankündigung • Apr 19
LX Semicon Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 LX Semicon Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Feb 19
LX Semicon Co., Ltd., Annual General Meeting, Mar 20, 2025 LX Semicon Co., Ltd., Annual General Meeting, Mar 20, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 222, techno 2-ro, yuseong-gu, daejeon South Korea Ankündigung • Jan 17
LX Semicon Co., Ltd. to Report Q4, 2024 Results on Jan 22, 2025 LX Semicon Co., Ltd. announced that they will report Q4, 2024 results on Jan 22, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₩1,562 (vs ₩856 in 3Q 2023) Third quarter 2024 results: EPS: ₩1,562 (up from ₩856 in 3Q 2023). Revenue: ₩419.9b (up 1.7% from 3Q 2023). Net income: ₩25.4b (up 83% from 3Q 2023). Profit margin: 6.0% (up from 3.4% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 03
Price target decreased by 9.1% to ₩87,875 Down from ₩96,625, the current price target is an average from 8 analysts. New target price is 28% above last closing price of ₩68,400. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₩8,564 for next year compared to ₩6,222 last year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩63,100, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past three years. Reported Earnings • Jul 29
Second quarter 2024 earnings released: EPS: ₩2,724 (vs ₩288 in 2Q 2023) Second quarter 2024 results: EPS: ₩2,724 (up from ₩288 in 2Q 2023). Revenue: ₩484.9b (up 6.7% from 2Q 2023). Net income: ₩44.3b (up ₩39.6b from 2Q 2023). Profit margin: 9.1% (up from 1.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 26
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.89b to ₩1.94b. EPS estimate increased from ₩7,835 to ₩8,957 per share. Net income forecast to grow 49% next year vs 71% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩99,875. Share price fell 5.1% to ₩74,000 over the past week. Ankündigung • Jul 24
LX Semicon Co., Ltd. to Report First Half, 2024 Results on Jul 25, 2024 LX Semicon Co., Ltd. announced that they will report first half, 2024 results on Jul 25, 2024 Price Target Changed • Apr 30
Price target decreased by 8.7% to ₩95,833 Down from ₩105,000, the current price target is an average from 6 analysts. New target price is 29% above last closing price of ₩74,300. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₩7,737 for next year compared to ₩6,222 last year. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩2.00b to ₩2.05b. EPS estimate fell from ₩10,028 to ₩8,677 per share. Net income forecast to grow 39% next year vs 56% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩104,833. Share price was steady at ₩76,500 over the past week. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Non-Executive Director Jin-Seo Roh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩6,222 (vs ₩14,368 in FY 2022) Full year 2023 results: EPS: ₩6,222 (down from ₩14,368 in FY 2022). Revenue: ₩1.90t (down 10% from FY 2022). Net income: ₩101.2b (down 57% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 31
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩2.18b to ₩2.09b. EPS estimate also fell from ₩11,923 per share to ₩10,087 per share. Net income forecast to grow 129% next year vs 81% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩107,167 unchanged from last update. Share price was steady at ₩79,800 over the past week. Major Estimate Revision • Jan 26
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩2.21b to ₩1.96b. EPS estimate fell from ₩12,720 to ₩9,852 per share. Net income forecast to grow 125% next year vs 86% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩107,167. Share price was steady at ₩78,800 over the past week. Major Estimate Revision • Jan 23
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.90b to ₩1.95b. EPS estimate increased from ₩5,866 to ₩7,330 per share. Net income forecast to grow 163% next year vs 84% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩107,167. Share price was steady at ₩79,600 over the past week. Upcoming Dividend • Dec 20
Upcoming dividend of ₩4,500 per share at 5.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). Major Estimate Revision • Dec 08
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩8,756 to ₩5,866 per share. Revenue forecast steady at ₩1.90b. Net income forecast to grow 202% next year vs 87% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩113,500 unchanged from last update. Share price was steady at ₩83,800 over the past week. Major Estimate Revision • Nov 10
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩2.00b to ₩1.89b. EPS estimate rose from ₩7,214 to ₩8,756. Net income forecast to grow 103% next year vs 18% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩116,000. Share price rose 15% to ₩87,200 over the past week. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩88,200, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 105% over the past three years. Major Estimate Revision • Oct 25
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩8,305 to ₩7,214 per share. Revenue forecast steady at ₩2.00b. Net income forecast to grow 88% next year vs 34% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩118,375 to ₩114,125. Share price fell 3.9% to ₩76,800 over the past week. Major Estimate Revision • Sep 26
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.98b to ₩2.02b. EPS estimate increased from ₩7,089 to ₩8,796 per share. Net income forecast to grow 106% next year vs 41% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩118,375 unchanged from last update. Share price fell 3.6% to ₩81,300 over the past week. Major Estimate Revision • Sep 15
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩2.02b to ₩1.98b. EPS estimate also fell from ₩8,056 per share to ₩7,089 per share. Net income forecast to grow 91% next year vs 41% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩124,250 to ₩118,375. Share price was steady at ₩87,000 over the past week. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: ₩289 (vs ₩5,105 in 2Q 2022) Second quarter 2023 results: EPS: ₩289 (down from ₩5,105 in 2Q 2022). Revenue: ₩454.5b (down 24% from 2Q 2022). Net income: ₩4.70b (down 94% from 2Q 2022). Profit margin: 1.0% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Major Estimate Revision • Jul 28
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩2.21b to ₩1.98b. EPS estimate fell from ₩11,281 to ₩6,299 per share. Net income forecast to shrink 17% next year vs 3.2% growth forecast for Semiconductor industry in South Korea . Consensus price target broadly unchanged at ₩124,250. Share price fell 10% to ₩101,200 over the past week. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩98,000, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 127% over the past three years. Price Target Changed • Apr 28
Price target increased by 9.6% to ₩119,625 Up from ₩109,125, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ₩105,100. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₩10,900 for next year compared to ₩14,368 last year. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩2.04b to ₩2.13b. EPS estimate fell from ₩12,200 to ₩10,900 per share. Net income forecast to shrink 35% next year vs 10% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩109,125 to ₩119,625. Share price rose 4.7% to ₩107,700 over the past week. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩116,500, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 375% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩170,353 per share. Reported Earnings • Mar 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₩14,369 (down from ₩18,225 in FY 2021). Revenue: ₩2.12t (up 12% from FY 2021). Net income: ₩233.7b (down 21% from FY 2021). Profit margin: 11% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 56% per year. Major Estimate Revision • Mar 15
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩10,537 to ₩11,799. Revenue forecast steady at ₩2.06b. Net income forecast to shrink 18% next year vs 0.2% decline forecast for Semiconductor industry in South Korea. Consensus price target down from ₩109,750 to ₩107,250. Share price fell 5.7% to ₩89,400 over the past week. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩94,800, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 176% over the past three years. Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩2.15b to ₩2.08b. EPS estimate also fell from ₩14,496 per share to ₩10,218 per share. Net income forecast to shrink 33% next year vs 3.0% growth forecast for Semiconductor industry in South Korea . Consensus price target broadly unchanged at ₩112,250. Share price rose 4.5% to ₩80,800 over the past week. Upcoming Dividend • Dec 21
Upcoming dividend of ₩5,400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%). Price Target Changed • Nov 30
Price target decreased to ₩114,875 Down from ₩124,143, the current price target is an average from 8 analysts. New target price is 31% above last closing price of ₩87,700. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₩16,826 for next year compared to ₩18,225 last year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₩93,800, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 173% over the past three years. Major Estimate Revision • Oct 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩18,329 to ₩15,575 per share. Revenue forecast steady at ₩2.31b. Net income forecast to shrink 21% next year vs 25% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩133,429 to ₩130,571. Share price was steady at ₩80,400 over the past week. Price Target Changed • Oct 06
Price target decreased to ₩141,714 Down from ₩153,143, the current price target is an average from 7 analysts. New target price is 67% above last closing price of ₩85,100. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩19,566 for next year compared to ₩18,225 last year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₩104,400, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 220% over the past three years. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩2.28b to ₩2.20b. EPS estimate rose from ₩18,209 to ₩20,306. Net income forecast to grow 11% next year vs 30% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩171,111 unchanged from last update. Share price fell 3.1% to ₩139,500 over the past week. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Outside Director Kyeong Woo Wee was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Executive Director Yeon Chae Jeong was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₩139,000, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 271% over the past three years. Reported Earnings • Mar 17
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ₩18,225 (up from ₩4,459 in FY 2020). Revenue: ₩1.90t (up 63% from FY 2020). Net income: ₩296.4b (up 309% from FY 2020). Profit margin: 16% (up from 6.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 11
Price target increased to ₩168,333 Up from ₩156,111, the current price target is an average from 9 analysts. New target price is 15% above last closing price of ₩146,400. Stock is up 127% over the past year. The company is forecast to post earnings per share of ₩18,710 for next year compared to ₩4,459 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩1,350 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 26% share price gain to ₩138,400, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 340% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩236,799 per share. Price Target Changed • Aug 19
Price target increased to ₩147,400 Up from ₩132,900, the current price target is an average from 10 analysts. New target price is 27% above last closing price of ₩115,900. Stock is up 173% over the past year. Major Estimate Revision • Aug 15
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from ₩1.75b to ₩1.70b. EPS estimate rose from ₩12,188 to ₩17,199. Net income forecast to grow 132% next year vs 66% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩133,900. Share price fell 5.5% to ₩117,300 over the past week. Price Target Changed • Jul 28
Price target increased to ₩132,900 Up from ₩122,778, the current price target is an average from 10 analysts. New target price is 7.1% above last closing price of ₩124,100. Stock is up 150% over the past year. Price Target Changed • Jun 16
Price target increased to ₩118,750 Up from ₩107,250, the current price target is an average from 9 analysts. New target price is 14% above last closing price of ₩104,000. Stock is up 174% over the past year. Major Estimate Revision • May 18
Consensus EPS estimates increase to ₩11,706 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ₩1.47b to ₩1.51b. EPS estimate increased from ₩6,768 to ₩11,706 per share. Net income forecast to grow 162% next year vs 73% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩88,111 to ₩94,875. Share price was steady at ₩96,800 over the past week. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₩85,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩116,475 per share. Price Target Changed • Mar 18
Price target increased to ₩75,111 Up from ₩69,900, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₩72,700. Stock is up 203% over the past year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 20% share price gain to ₩73,800, the stock trades at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 13.7x. Average P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 102%. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS ₩4,459 (vs ₩2,370 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩1.16t (up 34% from FY 2019). Net income: ₩72.5b (up 88% from FY 2019). Profit margin: 6.2% (up from 4.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jan 31
Analysts update estimates The 2021 consensus revenue estimate increased from ₩1.20b to ₩1.48b. Earnings per share estimate was lowered from ₩5,789 to ₩5,607 for the same period. Net income is expected to grow by 19% next year compared to 53% growth forecast for the Semiconductor industry in South Korea. The consensus price target increased from ₩64,818 to ₩67,091. Share price is down by 9.7% to ₩68,200 over the past week. Ankündigung • Jan 22
Silicon Works Co., Ltd. to Report Q4, 2020 Results on Jan 27, 2021 Silicon Works Co., Ltd. announced that they will report Q4, 2020 results on Jan 27, 2021 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₩75,000, the stock is trading at a trailing P/E ratio of 16.1x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 49%. Is New 90 Day High Low • Jan 19
New 90-day high: ₩67,300 The company is up 40% from its price of ₩48,150 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩87,447 per share. 
