BCnC（A146320）株式概要株式会社BCnCは、韓国内外で半導体部品を製造・販売している。 詳細A146320 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長4/6過去の実績2/6財務の健全性2/6配当金0/6報酬収益は年間84.52%増加すると予測されています 今年は黒字化を達成 リスク分析利払いは収益で十分にカバーされない すべてのリスクチェックを見るA146320 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₩Current Price₩17.94k24.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b212b2016201920222025202620282031Revenue ₩212.4bEarnings ₩2.8bAdvancedSet Fair ValueView all narrativesBCnC Co., Ltd. 競合他社TeraView HoldingsSymbol: KOSDAQ:A950250Market cap: ₩218.4bC&G Hi TechSymbol: KOSDAQ:A264660Market cap: ₩214.8bDEVICELtdSymbol: KOSDAQ:A187870Market cap: ₩285.8bJustemSymbol: KOSDAQ:A417840Market cap: ₩317.4b価格と性能株価の高値、安値、推移の概要BCnC過去の株価現在の株価₩17,940.0052週高値₩19,050.0052週安値₩7,910.00ベータ1.191ヶ月の変化33.09%3ヶ月変化16.87%1年変化127.09%3年間の変化16.49%5年間の変化n/aIPOからの変化-20.62%最新ニュースReported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% 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 102 percentage points per year, which is a significant difference in performance.お知らせ • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea分析記事 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).New Risk • Nov 06New 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 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 Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).最新情報をもっと見るRecent updatesReported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% 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 102 percentage points per year, which is a significant difference in performance.お知らせ • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea分析記事 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).New Risk • Nov 06New 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 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 Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).分析記事 • Oct 26Is BCnC (KOSDAQ:146320) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Sep 19BCnC Co., Ltd. (KOSDAQ:146320) Looks Just Right With A 34% Price JumpBCnC Co., Ltd. ( KOSDAQ:146320 ) shares have continued their recent momentum with a 34% gain in the last month alone...New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 47% 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 (currently running at an operating cash loss). Earnings have declined by 47% per year over the past 5 years.分析記事 • Jul 16BCnC (KOSDAQ:146320) Is Making Moderate Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 10% to ₩8,900. The fair value is estimated to be ₩11,183, however this is not to be taken as a buy 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.分析記事 • Mar 28Estimating The Intrinsic Value Of BCnC Co., Ltd. (KOSDAQ:146320)Key Insights BCnC's estimated fair value is ₩11,185 based on 2 Stage Free Cash Flow to Equity BCnC's ₩9,430 share price...Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ₩179 loss per share (down from ₩101 profit in FY 2023). Revenue: ₩77.4b (up 19% from FY 2023). Net loss: ₩2.28b (down 284% from profit in FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% 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 54 percentage points per year, which is a significant difference in performance.New Risk • Mar 03New 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 9.5% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩131.5b market cap, or US$90.0m).お知らせ • Feb 26BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 263, gyeongchung-daero 2697beon-gil, gyeonggi-do, icheon South Koreaお知らせ • Feb 21BCnC Co., Ltd. announced that it expects to receive KRW 15 million in fundingBCnC Co., Ltd. announced a private placement of series 4 non-guaranteed Bearer-type interest-free unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on February 20, 2025. The transaction will include participation from Woori 2022 Scale Up Fund. The bonds will mature on February 25, 2028. The bonds will be 100% converted into 1,217,532 common shares at a fixed conversion price of KRW 12,320 per share for an equity stake of 8.69%. The conversion period is from February 25, 2026 to January 25, 2026. The payment date of the transaction is February 25, 2025. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.分析記事 • Feb 04BCnC (KOSDAQ:146320) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jan 08Revenues Not Telling The Story For BCnC Co., Ltd. (KOSDAQ:146320) After Shares Rise 26%Those holding BCnC Co., Ltd. ( KOSDAQ:146320 ) shares would be relieved that the share price has rebounded 26% in the...分析記事 • Dec 02BCnC (KOSDAQ:146320) Use Of Debt Could Be Considered RiskyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩9,970, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past year.New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$100.0m) 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩139.7b market cap, or US$100.0m).Price Target Changed • Nov 09Price target decreased by 19% to ₩20,167Down from ₩25,000, the current price target is an average from 3 analysts. New target price is 70% above last closing price of ₩11,850. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩307 for next year compared to ₩97.91 last year.分析記事 • Oct 30Returns On Capital At BCnC (KOSDAQ:146320) Paint A Concerning PictureIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...分析記事 • Oct 10Subdued Growth No Barrier To BCnC Co., Ltd. (KOSDAQ:146320) With Shares Advancing 28%BCnC Co., Ltd. ( KOSDAQ:146320 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...New Risk • Sep 13New 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 9.5% 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 Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).分析記事 • Sep 04Is BCnC Co., Ltd. (KOSDAQ:146320) Trading At A 50% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, BCnC fair value estimate is ₩26,023 BCnC's ₩13,020 share price...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩12,530, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 27% over the past year.分析記事 • Jul 18Capital Allocation Trends At BCnC (KOSDAQ:146320) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...分析記事 • May 29BCnC's (KOSDAQ:146320) Problems Go Beyond Poor ProfitBCnC Co., Ltd.'s ( KOSDAQ:146320 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some...Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩101 (vs ₩851 in FY 2022)Full year 2023 results: EPS: ₩101 (down from ₩851 in FY 2022). Revenue: ₩65.3b (down 20% from FY 2022). Net income: ₩1.24b (down 88% from FY 2022). Profit margin: 1.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue.分析記事 • Mar 14Is BCnC (KOSDAQ:146320) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩20,900, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 27% over the past year.New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩23,300, the stock trades at a trailing P/E ratio of 36.4x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past year.Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₩21,700, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at ₩11,531 per share.Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ₩21,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩15,250, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 6x in the Semiconductor industry in South Korea. Simply Wall St's valuation model estimates the intrinsic value at ₩11,347 per share.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩17,000, the stock trades at a trailing P/E ratio of 31.4x. Average forward P/E is 9x in the Semiconductor industry in South Korea.株主還元A146320KR SemiconductorKR 市場7D0.5%26.6%12.5%1Y127.1%606.2%176.4%株主還元を見る業界別リターン: A146320過去 1 年間で606.2 % の収益を上げたKR Semiconductor業界を下回りました。リターン対市場: A146320は、過去 1 年間で176.4 % のリターンを上げたKR市場を下回りました。価格変動Is A146320's price volatile compared to industry and market?A146320 volatilityA146320 Average Weekly Movement11.3%Semiconductor Industry Average Movement13.4%Market Average Movement9.1%10% most volatile stocks in KR Market16.2%10% least volatile stocks in KR Market4.7%安定した株価: A146320 、 KR市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: A146320の 週次ボラティリティ ( 11% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2003303Don-han Kimwww.bcnc.co.kr株式会社BCnCは韓国内外で半導体部品を製造・販売している。合成石英、天然石英、シリコン、セラミック、アルミナなどの材料を使用した半導体用部品を提供している。同社は2003年に設立され、韓国利川市を拠点としている。もっと見るBCnC Co., Ltd. 基礎のまとめBCnC の収益と売上を時価総額と比較するとどうか。A146320 基礎統計学時価総額₩227.85b収益（TTM）₩1.15b売上高(TTM)₩87.58b198.3xPER（株価収益率2.6xP/SレシオA146320 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計A146320 損益計算書（TTM）収益₩87.58b売上原価₩71.31b売上総利益₩16.27bその他の費用₩15.12b収益₩1.15b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）90.46グロス・マージン18.58%純利益率1.31%有利子負債／自己資本比率106.5%A146320 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation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2026/05/09 10:53終値2026/05/08 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BCnC Co., Ltd. 1 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。3 アナリスト機関Yeong-Min KoDAOL Investment & Securities Co., Ltd.So Jeong YimEugene Investment & Securities Co Ltd.Kang Ho OhShinhan Investment Corp.
Reported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% 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 102 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea
分析記事 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...
New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).
New Risk • Nov 06New 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 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 Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
Reported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% 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 102 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea
分析記事 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...
New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).
New Risk • Nov 06New 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 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 Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
分析記事 • Oct 26Is BCnC (KOSDAQ:146320) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Sep 19BCnC Co., Ltd. (KOSDAQ:146320) Looks Just Right With A 34% Price JumpBCnC Co., Ltd. ( KOSDAQ:146320 ) shares have continued their recent momentum with a 34% gain in the last month alone...
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 47% 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 (currently running at an operating cash loss). Earnings have declined by 47% per year over the past 5 years.
分析記事 • Jul 16BCnC (KOSDAQ:146320) Is Making Moderate Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 10% to ₩8,900. The fair value is estimated to be ₩11,183, however this is not to be taken as a buy 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.
分析記事 • Mar 28Estimating The Intrinsic Value Of BCnC Co., Ltd. (KOSDAQ:146320)Key Insights BCnC's estimated fair value is ₩11,185 based on 2 Stage Free Cash Flow to Equity BCnC's ₩9,430 share price...
Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ₩179 loss per share (down from ₩101 profit in FY 2023). Revenue: ₩77.4b (up 19% from FY 2023). Net loss: ₩2.28b (down 284% from profit in FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% 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 54 percentage points per year, which is a significant difference in performance.
New Risk • Mar 03New 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 9.5% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩131.5b market cap, or US$90.0m).
お知らせ • Feb 26BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 263, gyeongchung-daero 2697beon-gil, gyeonggi-do, icheon South Korea
お知らせ • Feb 21BCnC Co., Ltd. announced that it expects to receive KRW 15 million in fundingBCnC Co., Ltd. announced a private placement of series 4 non-guaranteed Bearer-type interest-free unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on February 20, 2025. The transaction will include participation from Woori 2022 Scale Up Fund. The bonds will mature on February 25, 2028. The bonds will be 100% converted into 1,217,532 common shares at a fixed conversion price of KRW 12,320 per share for an equity stake of 8.69%. The conversion period is from February 25, 2026 to January 25, 2026. The payment date of the transaction is February 25, 2025. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.
分析記事 • Feb 04BCnC (KOSDAQ:146320) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jan 08Revenues Not Telling The Story For BCnC Co., Ltd. (KOSDAQ:146320) After Shares Rise 26%Those holding BCnC Co., Ltd. ( KOSDAQ:146320 ) shares would be relieved that the share price has rebounded 26% in the...
分析記事 • Dec 02BCnC (KOSDAQ:146320) Use Of Debt Could Be Considered RiskyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩9,970, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past year.
New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$100.0m) 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩139.7b market cap, or US$100.0m).
Price Target Changed • Nov 09Price target decreased by 19% to ₩20,167Down from ₩25,000, the current price target is an average from 3 analysts. New target price is 70% above last closing price of ₩11,850. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩307 for next year compared to ₩97.91 last year.
分析記事 • Oct 30Returns On Capital At BCnC (KOSDAQ:146320) Paint A Concerning PictureIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
分析記事 • Oct 10Subdued Growth No Barrier To BCnC Co., Ltd. (KOSDAQ:146320) With Shares Advancing 28%BCnC Co., Ltd. ( KOSDAQ:146320 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...
New Risk • Sep 13New 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 9.5% 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 Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).
分析記事 • Sep 04Is BCnC Co., Ltd. (KOSDAQ:146320) Trading At A 50% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, BCnC fair value estimate is ₩26,023 BCnC's ₩13,020 share price...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩12,530, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 27% over the past year.
分析記事 • Jul 18Capital Allocation Trends At BCnC (KOSDAQ:146320) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
分析記事 • May 29BCnC's (KOSDAQ:146320) Problems Go Beyond Poor ProfitBCnC Co., Ltd.'s ( KOSDAQ:146320 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some...
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩101 (vs ₩851 in FY 2022)Full year 2023 results: EPS: ₩101 (down from ₩851 in FY 2022). Revenue: ₩65.3b (down 20% from FY 2022). Net income: ₩1.24b (down 88% from FY 2022). Profit margin: 1.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue.
分析記事 • Mar 14Is BCnC (KOSDAQ:146320) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩20,900, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 27% over the past year.
New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩23,300, the stock trades at a trailing P/E ratio of 36.4x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past year.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₩21,700, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at ₩11,531 per share.
Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ₩21,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩15,250, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 6x in the Semiconductor industry in South Korea. Simply Wall St's valuation model estimates the intrinsic value at ₩11,347 per share.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩17,000, the stock trades at a trailing P/E ratio of 31.4x. Average forward P/E is 9x in the Semiconductor industry in South Korea.
