Valuation Update With 7 Day Price Move • 16h
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩14,940, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 205% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,500, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 106% over the past three years. New Risk • Mar 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 12% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩9,060, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 105% over the past three years. Annonce • Mar 04
SEMCNS Co., Ltd., Annual General Meeting, Mar 25, 2026 SEMCNS Co., Ltd., Annual General Meeting, Mar 25, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 120, osongsaengmyeong 9-ro, osong-eup, heungdeok-gu, chungcheongbuk-do, cheongju South Korea Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩7,820, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x 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 • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,420, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 82% over the past three years. New Risk • Oct 16
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 7.5% 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 are forecast to decline by an average of 121% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩5,760, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 23% over the past three years. Reported Earnings • May 18
First quarter 2025 earnings released: EPS: ₩21.00 (vs ₩14.00 in 1Q 2024) First quarter 2025 results: EPS: ₩21.00 (up from ₩14.00 in 1Q 2024). Revenue: ₩15.8b (up 45% from 1Q 2024). Net income: ₩1.18b (up 64% from 1Q 2024). Profit margin: 7.5% (up from 6.6% in 1Q 2024). The increase in margin 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 65 percentage points per year, which is a significant difference in performance. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 17% 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. This is currently the only risk that has been identified for the company. Annonce • Mar 08
SEMCNS Co., Ltd., Annual General Meeting, Mar 27, 2025 SEMCNS Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 28, pangyo-ro 255beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,170, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 30% over the past three years. New Risk • Nov 07
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: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩14.00 (vs ₩17.00 in 1Q 2023) First quarter 2024 results: EPS: ₩14.00 (down from ₩17.00 in 1Q 2023). Revenue: ₩10.9b (up 46% from 1Q 2023). Net income: ₩721.7m (down 15% from 1Q 2023). Profit margin: 6.6% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Feb 07
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 8.3% 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 Risks Revenue has declined by 29% over the past year. High level of non-cash earnings (64% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). New Risk • Aug 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: 15% Last year net profit margin: 31% 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 Revenue has declined by 28% over the past year. High level of non-cash earnings (54% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). New Risk • Jun 27
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 8.8% 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 Risks Revenue has declined by 19% over the past year. High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,200, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,630, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 10% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₩65.00 (vs ₩76.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩65.00 (down from ₩76.00 in 3Q 2021). Revenue: ₩11.2b (down 11% from 3Q 2021). Net income: ₩3.23b (down 14% from 3Q 2021). Profit margin: 29% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,960, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 43% over the past year. Annonce • Jul 14
SEMCNS Co., Ltd. (KOSDAQ:A252990) announces an Equity Buyback for KRW 2,000 million worth of its shares. SEMCNS Co., Ltd. (KOSDAQ:A252990) announces a share repurchase program. Under the program, the company will repurchase up to ¥2,000 million worth of its shares pursuant to a trust agreement with Samsung Securities. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 13, 2023. As of July 13, 2022, the company had 991,100 shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₩4,930, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,110, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 26% over the past year. Buying Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be ₩7,601, however this is not to be taken as a buy recommendation but rather should be used as a guide only.