View Future GrowthITM Semiconductor 過去の業績過去 基準チェック /06ITM Semiconductorの収益は年間平均-49.3%の割合で減少していますが、 Semiconductor業界の収益は年間 増加しています。収益は年間0.4% 8%割合で 増加しています。主要情報-49.31%収益成長率-50.16%EPS成長率Semiconductor 業界の成長23.50%収益成長率7.97%株主資本利益率-98.92%ネット・マージン-15.51%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 21Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₩59.00 (up from ₩1,570 loss in FY 2023). Revenue: ₩647.9b (up 12% from FY 2023). Net income: ₩1.22b (up ₩34.2b from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 20Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ₩1,570 loss per share (further deteriorated from ₩966 loss in FY 2022). Revenue: ₩580.5b (down 8.4% from FY 2022). Net loss: ₩33.0b (loss widened 55% from FY 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ₩308 (vs ₩370 in 3Q 2022)Third quarter 2023 results: EPS: ₩308 (down from ₩370 in 3Q 2022). Revenue: ₩198.8b (down 11% from 3Q 2022). Net income: ₩5.78b (down 31% from 3Q 2022). Profit margin: 2.9% (down from 3.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Reported Earnings • May 20First quarter 2023 earnings released: ₩638 loss per share (vs ₩148 loss in 1Q 2022)First quarter 2023 results: ₩638 loss per share (further deteriorated from ₩148 loss in 1Q 2022). Revenue: ₩103.1b (down 12% from 1Q 2022). Net loss: ₩13.6b (loss widened 307% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 23Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: ₩966 loss per share (down from ₩275 profit in FY 2021). Revenue: ₩633.5b (up 24% from FY 2021). Net loss: ₩21.3b (down 441% from profit in FY 2021). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₩275 (down from ₩641 in FY 2020). Revenue: ₩512.5b (up 31% from FY 2020). Net income: ₩6.25b (down 57% from FY 2020). Profit margin: 1.2% (down from 3.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 50%, compared to a 34% growth forecast for the industry in South Korea.すべての更新を表示Recent updatesNew Risk • May 11New major risk - Share price stabilityThe 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 16% 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 (16% average weekly change). Earnings have declined by 49% per year over the past 5 years.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 15% 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 49% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 43% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 43% per year over the past 5 years.お知らせ • Mar 17ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 30, 2026ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 806, jungbu-ro, cheongwon-gu, chungcheongbuk-do, cheongju South Korea分析記事 • Nov 19The Market Doesn't Like What It Sees From ITM Semiconductor Co., Ltd.'s (KOSDAQ:084850) Revenues YetWith a price-to-sales (or "P/S") ratio of 0.3x ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) may be sending bullish...New Risk • Sep 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.05x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.New Risk • Aug 30New minor risk - Financial data availabilityLess 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to ₩13,190. The fair value is estimated to be ₩10,755, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • May 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩11,470. The fair value is estimated to be ₩14,547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.分析記事 • Apr 29Insufficient Growth At ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Hampers Share PriceITM Semiconductor Co., Ltd.'s ( KOSDAQ:084850 ) price-to-sales (or "P/S") ratio of 0.4x may look like a pretty...Buy Or Sell Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.8% to ₩11,520. The fair value is estimated to be ₩14,547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.Reported Earnings • Mar 21Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₩59.00 (up from ₩1,570 loss in FY 2023). Revenue: ₩647.9b (up 12% from FY 2023). Net income: ₩1.22b (up ₩34.2b from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Price Target Changed • Mar 19Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 4 analysts. New target price is 72% above last closing price of ₩12,500. Stock is down 41% over the past year. The company is forecast to post a net loss per share of ₩65.00 next year compared to a net loss per share of ₩1,570 last year.お知らせ • Mar 13ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 26, 2025ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 60, yangcheong 3-gil, ochang-eup, cheongwon-gu, chungcheongbuk-do, cheongju South KoreaBuy Or Sell Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩11,910. The fair value is estimated to be ₩15,278, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 6.3% in a year. Earnings are forecast to grow by 99% in the next year.分析記事 • Feb 25Estimating The Intrinsic Value Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850)Key Insights ITM Semiconductor's estimated fair value is ₩15,278 based on 2 Stage Free Cash Flow to Equity Current...分析記事 • Nov 13ITM Semiconductor (KOSDAQ:084850) May Have Issues Allocating Its CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...分析記事 • Sep 10ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Stock Catapults 31% Though Its Price And Business Still Lag The IndustryThose holding ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) shares would be relieved that the share price has rebounded...Price Target Changed • Aug 22Price target decreased by 13% to ₩30,750Down from ₩35,500, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩19,190. Stock is down 19% over the past year. The company is forecast to post a net loss per share of ₩36.50 next year compared to a net loss per share of ₩1,570 last year.分析記事 • Jun 27Estimating The Intrinsic Value Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850)Key Insights The projected fair value for ITM Semiconductor is ₩28,959 based on 2 Stage Free Cash Flow to Equity With...Major Estimate Revision • Jun 06Consensus EPS estimates fall by 29%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩646.1m to ₩665.0m. Forecast EPS reduced from -₩266 to -₩344 per share. Semiconductor industry in South Korea expected to see average net income growth of 69% next year. Consensus price target up from ₩28,500 to ₩31,500. Share price was steady at ₩22,750 over the past week.分析記事 • May 21ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Stock Catapults 29% Though Its Price And Business Still Lag The IndustryITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) shareholders would be excited to see that the share price has had a great...Major Estimate Revision • May 03Consensus EPS estimates fall from profit to ₩262 lossThe consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -₩262 instead of ₩112 per share profit previously forecast. Revenue forecast unchanged at ₩637.1m Semiconductor industry in South Korea expected to see average net income growth of 58% next year. Consensus price target down from ₩33,000 to ₩28,000. Share price was steady at ₩19,520 over the past week.Reported Earnings • Mar 20Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ₩1,570 loss per share (further deteriorated from ₩966 loss in FY 2022). Revenue: ₩580.5b (down 8.4% from FY 2022). Net loss: ₩33.0b (loss widened 55% from FY 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Jan 30Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩645.0m to ₩569.7m. Forecast losses increased from -₩582 to -₩927 per share. Semiconductor industry in South Korea expected to see average net income growth of 86% next year. Consensus price target of ₩33,000 unchanged from last update. Share price was steady at ₩26,500 over the past week.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ₩308 (vs ₩370 in 3Q 2022)Third quarter 2023 results: EPS: ₩308 (down from ₩370 in 3Q 2022). Revenue: ₩198.8b (down 11% from 3Q 2022). Net income: ₩5.78b (down 31% from 3Q 2022). Profit margin: 2.9% (down from 3.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.お知らせ • Nov 03ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until May 2, 2024. As of November 1, 2023, the company had 1,550,729 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.New Risk • Jul 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 82% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 20First quarter 2023 earnings released: ₩638 loss per share (vs ₩148 loss in 1Q 2022)First quarter 2023 results: ₩638 loss per share (further deteriorated from ₩148 loss in 1Q 2022). Revenue: ₩103.1b (down 12% from 1Q 2022). Net loss: ₩13.6b (loss widened 307% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 23Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: ₩966 loss per share (down from ₩275 profit in FY 2021). Revenue: ₩633.5b (up 24% from FY 2021). Net loss: ₩21.3b (down 441% from profit in FY 2021). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Buying Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10.0%. The fair value is estimated to be ₩33,659, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 218% in the next 2 years.Upcoming Dividend • Dec 21Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%).Price Target Changed • Nov 16Price target decreased to ₩43,000Down from ₩48,000, the current price target is an average from 2 analysts. New target price is 39% above last closing price of ₩30,850. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩23.00 for next year compared to ₩275 last year.お知らせ • Nov 05ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until May 3, 2023. As of November 3, 2022, the company had 1,369,434 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.Price Target Changed • Sep 21Price target decreased to ₩43,000Down from ₩48,000, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ₩30,800. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩23.00 for next year compared to ₩275 last year.Major Estimate Revision • Sep 21Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩766.0m to ₩645.0m. EPS estimate fell from ₩1,464 to ₩23.00 per share. Net income forecast to grow 1,424% next year vs 30% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩48,000 to ₩43,000. Share price was steady at ₩30,800 over the past week.お知らせ • Sep 19ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until March 20, 2023. As of September 18, 2022, the company had 1,184,634 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.Buying Opportunity • Jul 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be ₩39,636, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 77%. Revenue is forecast to grow by 42% in a year. Earnings is forecast to grow by 2,212% in the next year.お知らせ • Jul 07ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until January 5, 2023. As of July 5, 2022, the company had 871,042 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.Price Target Changed • Apr 27Price target decreased to ₩58,333Down from ₩67,667, the current price target is an average from 3 analysts. New target price is 64% above last closing price of ₩35,550. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₩1,453 for next year compared to ₩275 last year.Buying Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ₩45,776, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has declined by 74% per annum over the last 3 years.Buying Opportunity • Mar 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ₩44,830, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has declined by 74% per annum over the last 3 years.Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₩275 (down from ₩641 in FY 2020). Revenue: ₩512.5b (up 31% from FY 2020). Net income: ₩6.25b (down 57% from FY 2020). Profit margin: 1.2% (down from 3.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 50%, compared to a 34% growth forecast for the industry in South Korea.Price Target Changed • Feb 26Price target decreased to ₩58,333Down from ₩67,667, the current price target is an average from 3 analysts. New target price is 65% above last closing price of ₩35,250. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₩419 for next year compared to ₩641 last year.お知らせ • Feb 10ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until August 8, 2022. As of February 8, 2022, the company had 753,569 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.Major Estimate Revision • Jan 28Consensus EPS estimates fall by 42%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩525.3m to ₩507.0m. EPS estimate also fell from ₩718 per share to ₩419 per share. Net income forecast to grow 2,308% next year vs 45% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩67,667 to ₩65,000. Share price fell 4.4% to ₩38,700 over the past week.Upcoming Dividend • Dec 22Inaugural dividend of ₩200 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for ITM Semiconductor since going public. The average dividend yield among industry peers is 0.9%.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ₩505.0m to ₩526.3m. EPS estimate fell from ₩1,255 to ₩926 per share. Net income forecast to grow 572% next year vs 68% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩62,333 unchanged from last update. Share price fell 2.5% to ₩44,050 over the past week.分析記事 • May 06ITM Semiconductor (KOSDAQ:084850) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • May 04ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until November 2, 2021. As of May 2, 2021, the company had 307,492 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.分析記事 • Mar 16Does This Valuation Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Imply Investors Are Overpaying?Does the March share price for ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) reflect what it's really worth? Today, we...Price Target Changed • Feb 26Price target lowered to ₩70,000Down from ₩78,333, the current price target is an average from 3 analysts. The new target price is 53% above the current share price of ₩45,800. As of last close, the stock is down 8.8% over the past year.分析記事 • Feb 23The Trends At ITM Semiconductor (KOSDAQ:084850) That You Should Know AboutIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Feb 15New 90-day low: ₩50,800The company is down 2.0% from its price of ₩52,100 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩36,539 per share.分析記事 • Feb 05Is ITM Semiconductor Co., Ltd.'s (KOSDAQ:084850) ROE Of 7.9% Impressive?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...分析記事 • Jan 15Should ITM Semiconductor (KOSDAQ:084850) Be Disappointed With Their 14% Profit?There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if you choose that...分析記事 • Dec 25ITM Semiconductor (KOSDAQ:084850) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Major Estimate Revision • Dec 17Analysts lower EPS estimates to ₩1,814The 2020 consensus revenue estimate was lowered from ₩467.7m to ₩445.0m. Earning per share (EPS) estimate was also lowered from ₩2,386 to ₩1,814 for the same period. Net income is expected to grow by 230% next year compared to 51% growth forecast for the Semiconductor industry in South Korea. The consensus price target was lowered from ₩81,000 to ₩78,333. Share price is up 4.6% to ₩59,100 over the past week.分析記事 • Dec 04What Is The Ownership Structure Like For ITM Semiconductor Co., Ltd. (KOSDAQ:084850)?The big shareholder groups in ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) have power over the company. Large...Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 17% share price gain to ₩55,800, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 25x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past year are 126%.Valuation Update With 7 Day Price Move • Oct 26Market pulls back on stock over the past weekAfter last week's 16% share price decline to ₩45,600, the stock is trading at a trailing P/E ratio of 23.9x, down from the previous P/E ratio of 28.6x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea.Is New 90 Day High Low • Oct 16New 90-day low: ₩53,500The company is down 12% from its price of ₩60,500 on 17 July 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 Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩27,477 per share.Is New 90 Day High Low • Sep 24New 90-day low: ₩53,900The company is down 16% from its price of ₩63,900 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩25,507 per share.収支内訳ITM Semiconductor の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史KOSDAQ:A084850 収益、費用、利益 ( )KRW Millions日付収益収益G+A経費研究開発費31 Dec 25603,111-93,55955,02812,04230 Sep 25614,844-11,74044,37314,01830 Jun 25638,597-20,46145,87013,88131 Mar 25647,500-5,35645,77814,14031 Dec 24647,9101,22146,34814,04730 Sep 24633,709-23,59945,82311,92030 Jun 24645,220-9,60944,41012,18731 Mar 24616,037-23,44843,25612,66831 Dec 23580,535-33,00241,96312,71430 Sep 23574,743-41,16743,01013,66830 Jun 23600,076-38,54744,52115,13031 Mar 23619,398-31,82645,08816,40131 Dec 22633,477-21,34046,25716,31130 Sep 22686,0106,84047,20516,31630 Jun 22628,6581,17244,93615,79231 Mar 22562,4391,97042,41415,37531 Dec 21512,5076,25038,30315,15730 Sep 21436,6071,48635,48015,29130 Jun 21379,3382,13132,95415,12431 Mar 21365,9884,26332,80814,66631 Dec 20391,05314,68033,01213,69930 Sep 20383,83721,52733,80212,33430 Jun 20416,36240,51436,2168,24831 Mar 20430,36148,04035,9847,24231 Dec 19397,69741,65932,02310,15130 Sep 19335,85536,59927,7789,10630 Jun 19259,97819,18424,65310,88431 Mar 19239,92519,27521,9119,87531 Dec 18228,23718,15823,0646,29131 Dec 17201,8767,61318,8275,30831 Dec 16170,306-1,92718,2883,63031 Dec 15180,7881,02816,6212,530質の高い収益: A084850は現在利益が出ていません。利益率の向上: A084850は現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: A084850は利益が出ておらず、過去 5 年間で損失は年間49.3%の割合で増加しています。成長の加速: A084850の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: A084850は利益が出ていないため、過去 1 年間の収益成長をSemiconductor業界 ( 5.6% ) と比較することは困難です。株主資本利益率高いROE: A084850は現在利益が出ていないため、自己資本利益率 ( -98.92% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSemiconductors 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 12:42終値2026/05/26 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ITM Semiconductor Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Hyun Wook KimHaitong International Research LimitedChang Min LeeKB Securities Co., Ltd.Jaeyun LeeYuanta Securities Korea Co., Ltd.1 その他のアナリストを表示
Reported Earnings • Mar 21Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₩59.00 (up from ₩1,570 loss in FY 2023). Revenue: ₩647.9b (up 12% from FY 2023). Net income: ₩1.22b (up ₩34.2b from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 20Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ₩1,570 loss per share (further deteriorated from ₩966 loss in FY 2022). Revenue: ₩580.5b (down 8.4% from FY 2022). Net loss: ₩33.0b (loss widened 55% from FY 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ₩308 (vs ₩370 in 3Q 2022)Third quarter 2023 results: EPS: ₩308 (down from ₩370 in 3Q 2022). Revenue: ₩198.8b (down 11% from 3Q 2022). Net income: ₩5.78b (down 31% from 3Q 2022). Profit margin: 2.9% (down from 3.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 20First quarter 2023 earnings released: ₩638 loss per share (vs ₩148 loss in 1Q 2022)First quarter 2023 results: ₩638 loss per share (further deteriorated from ₩148 loss in 1Q 2022). Revenue: ₩103.1b (down 12% from 1Q 2022). Net loss: ₩13.6b (loss widened 307% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 23Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: ₩966 loss per share (down from ₩275 profit in FY 2021). Revenue: ₩633.5b (up 24% from FY 2021). Net loss: ₩21.3b (down 441% from profit in FY 2021). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₩275 (down from ₩641 in FY 2020). Revenue: ₩512.5b (up 31% from FY 2020). Net income: ₩6.25b (down 57% from FY 2020). Profit margin: 1.2% (down from 3.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 50%, compared to a 34% growth forecast for the industry in South Korea.
New Risk • May 11New major risk - Share price stabilityThe 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 16% 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 (16% average weekly change). Earnings have declined by 49% per year over the past 5 years.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 15% 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 49% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 43% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 43% per year over the past 5 years.
お知らせ • Mar 17ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 30, 2026ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 806, jungbu-ro, cheongwon-gu, chungcheongbuk-do, cheongju South Korea
分析記事 • Nov 19The Market Doesn't Like What It Sees From ITM Semiconductor Co., Ltd.'s (KOSDAQ:084850) Revenues YetWith a price-to-sales (or "P/S") ratio of 0.3x ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) may be sending bullish...
New Risk • Sep 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.05x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
New Risk • Aug 30New minor risk - Financial data availabilityLess 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to ₩13,190. The fair value is estimated to be ₩10,755, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • May 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩11,470. The fair value is estimated to be ₩14,547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.
分析記事 • Apr 29Insufficient Growth At ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Hampers Share PriceITM Semiconductor Co., Ltd.'s ( KOSDAQ:084850 ) price-to-sales (or "P/S") ratio of 0.4x may look like a pretty...
Buy Or Sell Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.8% to ₩11,520. The fair value is estimated to be ₩14,547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.
Reported Earnings • Mar 21Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₩59.00 (up from ₩1,570 loss in FY 2023). Revenue: ₩647.9b (up 12% from FY 2023). Net income: ₩1.22b (up ₩34.2b from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Price Target Changed • Mar 19Price target decreased by 12% to ₩21,500Down from ₩24,500, the current price target is an average from 4 analysts. New target price is 72% above last closing price of ₩12,500. Stock is down 41% over the past year. The company is forecast to post a net loss per share of ₩65.00 next year compared to a net loss per share of ₩1,570 last year.
お知らせ • Mar 13ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 26, 2025ITM Semiconductor Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 60, yangcheong 3-gil, ochang-eup, cheongwon-gu, chungcheongbuk-do, cheongju South Korea
Buy Or Sell Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩11,910. The fair value is estimated to be ₩15,278, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 6.3% in a year. Earnings are forecast to grow by 99% in the next year.
分析記事 • Feb 25Estimating The Intrinsic Value Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850)Key Insights ITM Semiconductor's estimated fair value is ₩15,278 based on 2 Stage Free Cash Flow to Equity Current...
分析記事 • Nov 13ITM Semiconductor (KOSDAQ:084850) May Have Issues Allocating Its CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
分析記事 • Sep 10ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Stock Catapults 31% Though Its Price And Business Still Lag The IndustryThose holding ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) shares would be relieved that the share price has rebounded...
Price Target Changed • Aug 22Price target decreased by 13% to ₩30,750Down from ₩35,500, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩19,190. Stock is down 19% over the past year. The company is forecast to post a net loss per share of ₩36.50 next year compared to a net loss per share of ₩1,570 last year.
分析記事 • Jun 27Estimating The Intrinsic Value Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850)Key Insights The projected fair value for ITM Semiconductor is ₩28,959 based on 2 Stage Free Cash Flow to Equity With...
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 29%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩646.1m to ₩665.0m. Forecast EPS reduced from -₩266 to -₩344 per share. Semiconductor industry in South Korea expected to see average net income growth of 69% next year. Consensus price target up from ₩28,500 to ₩31,500. Share price was steady at ₩22,750 over the past week.
分析記事 • May 21ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Stock Catapults 29% Though Its Price And Business Still Lag The IndustryITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) shareholders would be excited to see that the share price has had a great...
Major Estimate Revision • May 03Consensus EPS estimates fall from profit to ₩262 lossThe consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -₩262 instead of ₩112 per share profit previously forecast. Revenue forecast unchanged at ₩637.1m Semiconductor industry in South Korea expected to see average net income growth of 58% next year. Consensus price target down from ₩33,000 to ₩28,000. Share price was steady at ₩19,520 over the past week.
Reported Earnings • Mar 20Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ₩1,570 loss per share (further deteriorated from ₩966 loss in FY 2022). Revenue: ₩580.5b (down 8.4% from FY 2022). Net loss: ₩33.0b (loss widened 55% from FY 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Jan 30Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩645.0m to ₩569.7m. Forecast losses increased from -₩582 to -₩927 per share. Semiconductor industry in South Korea expected to see average net income growth of 86% next year. Consensus price target of ₩33,000 unchanged from last update. Share price was steady at ₩26,500 over the past week.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ₩308 (vs ₩370 in 3Q 2022)Third quarter 2023 results: EPS: ₩308 (down from ₩370 in 3Q 2022). Revenue: ₩198.8b (down 11% from 3Q 2022). Net income: ₩5.78b (down 31% from 3Q 2022). Profit margin: 2.9% (down from 3.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 03ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until May 2, 2024. As of November 1, 2023, the company had 1,550,729 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
New Risk • Jul 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 82% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 20First quarter 2023 earnings released: ₩638 loss per share (vs ₩148 loss in 1Q 2022)First quarter 2023 results: ₩638 loss per share (further deteriorated from ₩148 loss in 1Q 2022). Revenue: ₩103.1b (down 12% from 1Q 2022). Net loss: ₩13.6b (loss widened 307% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 23Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: ₩966 loss per share (down from ₩275 profit in FY 2021). Revenue: ₩633.5b (up 24% from FY 2021). Net loss: ₩21.3b (down 441% from profit in FY 2021). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10.0%. The fair value is estimated to be ₩33,659, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 218% in the next 2 years.
Upcoming Dividend • Dec 21Upcoming dividend of ₩200 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%).
Price Target Changed • Nov 16Price target decreased to ₩43,000Down from ₩48,000, the current price target is an average from 2 analysts. New target price is 39% above last closing price of ₩30,850. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩23.00 for next year compared to ₩275 last year.
お知らせ • Nov 05ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until May 3, 2023. As of November 3, 2022, the company had 1,369,434 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
Price Target Changed • Sep 21Price target decreased to ₩43,000Down from ₩48,000, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ₩30,800. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩23.00 for next year compared to ₩275 last year.
Major Estimate Revision • Sep 21Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩766.0m to ₩645.0m. EPS estimate fell from ₩1,464 to ₩23.00 per share. Net income forecast to grow 1,424% next year vs 30% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩48,000 to ₩43,000. Share price was steady at ₩30,800 over the past week.
お知らせ • Sep 19ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 5,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until March 20, 2023. As of September 18, 2022, the company had 1,184,634 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
Buying Opportunity • Jul 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be ₩39,636, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 77%. Revenue is forecast to grow by 42% in a year. Earnings is forecast to grow by 2,212% in the next year.
お知らせ • Jul 07ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until January 5, 2023. As of July 5, 2022, the company had 871,042 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
Price Target Changed • Apr 27Price target decreased to ₩58,333Down from ₩67,667, the current price target is an average from 3 analysts. New target price is 64% above last closing price of ₩35,550. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₩1,453 for next year compared to ₩275 last year.
Buying Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ₩45,776, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has declined by 74% per annum over the last 3 years.
Buying Opportunity • Mar 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ₩44,830, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has declined by 74% per annum over the last 3 years.
Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ₩275 (down from ₩641 in FY 2020). Revenue: ₩512.5b (up 31% from FY 2020). Net income: ₩6.25b (down 57% from FY 2020). Profit margin: 1.2% (down from 3.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 50%, compared to a 34% growth forecast for the industry in South Korea.
Price Target Changed • Feb 26Price target decreased to ₩58,333Down from ₩67,667, the current price target is an average from 3 analysts. New target price is 65% above last closing price of ₩35,250. Stock is down 23% over the past year. The company is forecast to post earnings per share of ₩419 for next year compared to ₩641 last year.
お知らせ • Feb 10ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until August 8, 2022. As of February 8, 2022, the company had 753,569 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
Major Estimate Revision • Jan 28Consensus EPS estimates fall by 42%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩525.3m to ₩507.0m. EPS estimate also fell from ₩718 per share to ₩419 per share. Net income forecast to grow 2,308% next year vs 45% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩67,667 to ₩65,000. Share price fell 4.4% to ₩38,700 over the past week.
Upcoming Dividend • Dec 22Inaugural dividend of ₩200 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for ITM Semiconductor since going public. The average dividend yield among industry peers is 0.9%.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ₩505.0m to ₩526.3m. EPS estimate fell from ₩1,255 to ₩926 per share. Net income forecast to grow 572% next year vs 68% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩62,333 unchanged from last update. Share price fell 2.5% to ₩44,050 over the past week.
分析記事 • May 06ITM Semiconductor (KOSDAQ:084850) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • May 04ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces an Equity Buyback for KRW 10,000 million worth of its shares.ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) 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 Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until November 2, 2021. As of May 2, 2021, the company had 307,492 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.
分析記事 • Mar 16Does This Valuation Of ITM Semiconductor Co., Ltd. (KOSDAQ:084850) Imply Investors Are Overpaying?Does the March share price for ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) reflect what it's really worth? Today, we...
Price Target Changed • Feb 26Price target lowered to ₩70,000Down from ₩78,333, the current price target is an average from 3 analysts. The new target price is 53% above the current share price of ₩45,800. As of last close, the stock is down 8.8% over the past year.
分析記事 • Feb 23The Trends At ITM Semiconductor (KOSDAQ:084850) That You Should Know AboutIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Feb 15New 90-day low: ₩50,800The company is down 2.0% from its price of ₩52,100 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩36,539 per share.
分析記事 • Feb 05Is ITM Semiconductor Co., Ltd.'s (KOSDAQ:084850) ROE Of 7.9% Impressive?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
分析記事 • Jan 15Should ITM Semiconductor (KOSDAQ:084850) Be Disappointed With Their 14% Profit?There's no doubt that investing in the stock market is a truly brilliant way to build wealth. But if you choose that...
分析記事 • Dec 25ITM Semiconductor (KOSDAQ:084850) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Major Estimate Revision • Dec 17Analysts lower EPS estimates to ₩1,814The 2020 consensus revenue estimate was lowered from ₩467.7m to ₩445.0m. Earning per share (EPS) estimate was also lowered from ₩2,386 to ₩1,814 for the same period. Net income is expected to grow by 230% next year compared to 51% growth forecast for the Semiconductor industry in South Korea. The consensus price target was lowered from ₩81,000 to ₩78,333. Share price is up 4.6% to ₩59,100 over the past week.
分析記事 • Dec 04What Is The Ownership Structure Like For ITM Semiconductor Co., Ltd. (KOSDAQ:084850)?The big shareholder groups in ITM Semiconductor Co., Ltd. ( KOSDAQ:084850 ) have power over the company. Large...
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 17% share price gain to ₩55,800, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 25x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past year are 126%.
Valuation Update With 7 Day Price Move • Oct 26Market pulls back on stock over the past weekAfter last week's 16% share price decline to ₩45,600, the stock is trading at a trailing P/E ratio of 23.9x, down from the previous P/E ratio of 28.6x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea.
Is New 90 Day High Low • Oct 16New 90-day low: ₩53,500The company is down 12% from its price of ₩60,500 on 17 July 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 Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩27,477 per share.
Is New 90 Day High Low • Sep 24New 90-day low: ₩53,900The company is down 16% from its price of ₩63,900 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩25,507 per share.