New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩153.0b (US$99.4m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₩15,600. The fair value is estimated to be ₩19,890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Meanwhile, the company became loss making. Annonce • Feb 03
HyVision System. Inc, Annual General Meeting, Mar 27, 2026 HyVision System. Inc, Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 527, dunchon-daero, jungwon-gu, gyeonggi-do, seongnam South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Declared Dividend • Nov 08
Dividend of ₩400 announced Dividend of ₩400 is the same as last year. Ex-date: 29th December 2025 Payment date: 15th April 2026 Dividend yield will be 2.7%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Nov 07
HyVision System. Inc announces Annual dividend, payable on April 15, 2026 HyVision System. Inc announced Annual dividend of KRW 400.0000 per share payable on April 15, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Annonce • Mar 27
An undisclosed buyer completed the acquisition of 8.18% stake in FURONTEER Inc. (KOSDAQ:A370090) from HyVision System. Inc (KOSDAQ:A126700) for KRW 11.8 billion. An undisclosed buyer agreed to acquire 8.18% stake in FURONTEER Inc. (KOSDAQ:A370090) from HyVision System. Inc (KOSDAQ:A126700) for KRW 16.6 billion on February 5, 2025. A cash consideration valued at KRW 23,700 per share will be paid for 700,000 shares. The expected completion of the transaction is from March 7, 2025 to April 4, 2025.
An undisclosed buyer completed the acquisition of 8.18% stake in FURONTEER Inc. (KOSDAQ:A370090) from HyVision System. Inc (KOSDAQ:A126700) for KRW 11.8 billion on March 25, 2025. The actual disposal price is the price applied with the discount rate of the block deal from the common stock closing price on the after-hours sale date, and the final disposal amount through two after-hours sales is KRW 11,830,700,000, and the final ratio to equity capital is 4.08%. The description of the relevant content has been corrected. Annonce • Feb 11
HyVision System. Inc, Annual General Meeting, Mar 28, 2025 HyVision System. Inc, Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 527, dunchon-daero, jungwon-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩19,600, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 7.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,819 per share. Annonce • Feb 06
An undisclosed buyer agreed to acquire 8.18% stake in FURONTEER Inc. (KOSDAQ:A370090) from HyVision System. Inc (KOSDAQ:A126700) for KRW 16.6 billion. An undisclosed buyer agreed to acquire 8.18% stake in FURONTEER Inc. (KOSDAQ:A370090) from HyVision System. Inc (KOSDAQ:A126700) for KRW 16.6 billion on February 5, 2025. A cash consideration valued at KRW 23700 per share will be paid for 700,000 shares. The expected completion of the transaction is from March 7, 2025 to April 4, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 April 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩17,450, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,495 per share. New Risk • Nov 26
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: 10% Last year net profit margin: 17% 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 (10% net profit margin). Annonce • Nov 22
HyVision System. Inc (KOSDAQ:A126700) announces an Equity Buyback for KRW 5,000 million worth of its shares. HyVision System. Inc (KOSDAQ:A126700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the share repurchase is to stabilize stock prices improve shareholder value. The repurchase program will expire on May 19, 2025. As of November 19, 2024, the company had 2,213,081 shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩14,520, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Electronic industry in South Korea. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩917 (vs ₩567 in 2Q 2023) Second quarter 2024 results: EPS: ₩917 (up from ₩567 in 2Q 2023). Revenue: ₩90.7b (up 43% from 2Q 2023). Net income: ₩11.7b (up 55% from 2Q 2023). Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩24,450, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 66% over the past three years. Annonce • Jan 24
HyVision System. Inc (KOSDAQ:A126700) announces an Equity Buyback for KRW 5,000 million worth of its shares. HyVision System. Inc (KOSDAQ:A126700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the share repurchase is to stabilize stock prices improve shareholder value. The repurchase program will expire on July 22, 2024. As of January 22, 2024, the company had 2,103,086 shares within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩120 per share at 0.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 2.8% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (0.9%). New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 5.5% per year for the foreseeable future. High level of non-cash earnings (53% accrual ratio). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩2,174 (vs ₩429 in 3Q 2022) Third quarter 2023 results: EPS: ₩2,174 (up from ₩429 in 3Q 2022). Revenue: ₩123.2b (up 178% from 3Q 2022). Net income: ₩28.9b (up 389% from 3Q 2022). Profit margin: 23% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annonce • Oct 26
HyVision System. Inc (KOSDAQ:A126700) announces an Equity Buyback for KRW 5,000 million worth of its shares. HyVision System. Inc (KOSDAQ:A126700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on April 24, 2024. As of October 24, 2023, the company had 1,915,847 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Annonce • Sep 16
HyVision System. Inc (KOSDAQ:A126700) announces an Equity Buyback for KRW 5,000 million worth of its shares. HyVision System. Inc (KOSDAQ:A126700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 13, 2024. As of September 13, 2023, the company had 1,653,043 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 21
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.0%). 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 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 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩14,600, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 81% over the past three years. Annonce • Jul 26
HyVision System. Inc (KOSDAQ:A126700) announces an Equity Buyback for KRW 10,000 million worth of its shares. HyVision System. Inc (KOSDAQ:A126700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on January 25, 2023. As of July 25, 2022, the company had 1,105,331 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩14,300, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 68% 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 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 ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 1.7% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 17% share price gain to ₩22,600, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₩19,650, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩16,950, the stock trades at a trailing P/E ratio of 18.8x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩17,150, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 6.4% over the past three years. Is New 90 Day High Low • Feb 17
New 90-day high: ₩17,200 The company is up 33% from its price of ₩12,900 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩622 per share. Annonce • Feb 11
HyVision System. Inc, Annual General Meeting, Mar 26, 2021 HyVision System. Inc, Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₩16,700, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.4x. This compares to an average P/E of 28x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 3.3%. Is New 90 Day High Low • Jan 25
New 90-day high: ₩15,400 The company is up 42% from its price of ₩10,850 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 58% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩626 per share. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 16% share price gain to ₩14,800, the stock is trading at a trailing P/E ratio of 24.4x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 28x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 9.5%. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.4% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.5%). Is New 90 Day High Low • Dec 17
New 90-day high: ₩13,450 The company is up 12% from its price of ₩12,050 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩624 per share. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to ₩12,500, the stock is trading at a trailing P/E ratio of 30.4x, up from the previous P/E ratio of 26.2x. This compares to an average P/E of 23x in the Electronic industry in South Korea. Total return to shareholders over the past three years is a loss of 12%.