View ValuationBCnC 将来の成長Future 基準チェック /46BCnC利益と収益がそれぞれ年間84.5%と19.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.2% 80.6%なると予測されています。主要情報84.5%収益成長率80.59%EPS成長率Semiconductor 収益成長36.2%収益成長率19.4%将来の株主資本利益率11.20%アナリストカバレッジLow最終更新日29 Apr 2026今後の成長に関する最新情報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.すべての更新を表示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.業績と収益の成長予測KOSDAQ:A146320 - アナリストの将来予測と過去の財務データ ( )KRW Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2027129,30011,2008,50014,600112/31/2026106,2005,5006,00014,800112/31/202587,5841,149-4,8972,116N/A9/30/202584,492-1,694-2226,417N/A6/30/202581,903-3,733-13,0111,039N/A3/31/202579,482-4,025-22,826-2,130N/A12/31/202477,374-2,282-30,140-547N/A9/30/202474,4461,344-35,955-1,772N/A6/30/202470,7111,915-29,922-2,613N/A3/31/202465,5872,454-26,954-1,386N/A12/31/202365,3121,238-22,140-643N/A9/30/202368,8782,501-23,5611,698N/A6/30/202374,7565,573-24,8226,104N/A3/31/202381,0998,097-26,5488,214N/A12/31/202282,05010,007-21,91010,159N/A9/30/202278,0529,012-18,3268,231N/A6/30/202273,6887,697-12,7246,887N/A3/31/202268,0996,636-2,7359,219N/A12/31/202164,2787,340-3,6978,454N/A9/30/202160,5564,711-1,3278,426N/A12/31/202047,3431,952-10,4214,449N/A12/31/201934,0701,787-8,678367N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: A146320の予測収益成長率 (年間84.5% ) は 貯蓄率 ( 3.1% ) を上回っています。収益対市場: A146320の収益 ( 84.5% ) はKR市場 ( 31% ) よりも速いペースで成長すると予測されています。高成長収益: A146320の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: A146320の収益 ( 19.4% ) KR市場 ( 15.2% ) よりも速いペースで成長すると予測されています。高い収益成長: A146320の収益 ( 19.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: A146320の 自己資本利益率 は、3年後には低くなると予測されています ( 11.2 %)。成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance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2026/05/21 09:06終値2026/05/21 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.
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.
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.