View Future GrowthQuality Reliability Technology 過去の業績過去 基準チェック /46Quality Reliability Technologyの収益は年間平均-42.9%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0.2% 11.8%割合で 増加しています。 Quality Reliability Technologyの自己資本利益率は6.1%であり、純利益率は7.1%です。主要情報-42.95%収益成長率-55.54%EPS成長率Semiconductor 業界の成長23.50%収益成長率11.75%株主資本利益率6.13%ネット・マージン7.12%前回の決算情報31 Mar 2026最近の業績更新分析記事 • Nov 26Quality Reliability Technology's (KOSDAQ:405100) Strong Earnings Are Of Good QualityQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) earnings announcement last week was disappointing for...分析記事 • Mar 25Quality Reliability Technology's (KOSDAQ:405100) Earnings Offer More Than Meets The EyeQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) recent earnings report didn't offer any surprises, with the...分析記事 • Mar 27Why QRT's (KOSDAQ:405100) Shaky Earnings Are Just The Beginning Of Its ProblemsLast week's earnings announcement from QRT inc. ( KOSDAQ:405100 ) was disappointing to investors, with a sluggish...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩17,230, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 56% over the past three years.分析記事 • May 16At ₩18,870, Is Quality Reliability Technology Inc. (KOSDAQ:405100) Worth Looking At Closely?Quality Reliability Technology Inc. ( KOSDAQ:405100 ), might not be a large cap stock, but it received a lot of...New Risk • Apr 15New 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 13% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩14,850, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total returns to shareholders of 20% over the past three years.お知らせ • Mar 13Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2026Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 109, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South KoreaValuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ₩14,340, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 18% over the past three years.分析記事 • Jan 02Quality Reliability Technology (KOSDAQ:405100) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Upcoming Dividend • Dec 22Upcoming dividend of ₩480 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%).分析記事 • Nov 26Quality Reliability Technology's (KOSDAQ:405100) Strong Earnings Are Of Good QualityQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) earnings announcement last week was disappointing for...分析記事 • Nov 09Quality Reliability Technology's (KOSDAQ:405100) Dividend Will Be ₩480.00The board of Quality Reliability Technology Inc. ( KOSDAQ:405100 ) has announced that it will pay a dividend on the...Declared Dividend • Nov 08Dividend of ₩480 announcedDividend of ₩480 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (210% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 134% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.お知らせ • Nov 07Quality Reliability Technology Inc. announces Annual dividend, payable on April 20, 2026Quality Reliability Technology Inc. announced Annual dividend of KRW 480.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.New Risk • Sep 28New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩18,530, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 38% over the past year.お知らせ • Sep 24Quality Reliability Technology Inc. announced that it has received KRW 10.725166442 billion in fundingOn September 23, 2025, Quality Reliability Technology Inc. closed the transaction.分析記事 • Sep 22Quality Reliability Technology Inc.'s (KOSDAQ:405100) Shares Climb 35% But Its Business Is Yet to Catch UpQuality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a really impressive month, gaining 35% after a...お知らせ • Sep 17Quality Reliability Technology Inc. announced that it expects to receive KRW 10.725166442 billion in fundingQuality Reliability Technology Inc announced a private placement to issue Series 1 Bearer Zero Coupon Unsecured Convertible Bonds for aggregate proceeds of KRW 10,725,166,442 on September 15, 2025. The bonds are 100% convertible into 606,833 shares at a conversion price of KRW 17,674 per share, a maturity date of September 23, 2030 and a conversion period between September 30, 2025 to September 16, 2030. The transaction has been approved by the board of directors and is expected to close on September 23, 2025. The bonds will have a restriction period of 1 year. The transaction will include participation from New Growth Semiconductor No. 1 New Technology Business Fund.Valuation Update With 7 Day Price Move • Sep 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩13,930, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 9.9% over the past year.分析記事 • Mar 25Quality Reliability Technology's (KOSDAQ:405100) Earnings Offer More Than Meets The EyeQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) recent earnings report didn't offer any surprises, with the...New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Dividend per share is over 46x cash flows per share. Earnings have declined by 31% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • Mar 06Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2025Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 109, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South Korea分析記事 • Feb 10Quality Reliability Technology (KOSDAQ:405100) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Feb 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.6b (US$99.3m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩145.6b market cap, or US$99.3m).分析記事 • Jan 20Revenues Not Telling The Story For Quality Reliability Technology Inc. (KOSDAQ:405100) After Shares Rise 27%Quality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a really impressive month, gaining 27% after a...Upcoming Dividend • Dec 20Upcoming dividend of ₩480 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%).分析記事 • Dec 04Some Confidence Is Lacking In Quality Reliability Technology Inc. (KOSDAQ:405100) As Shares Slide 26%Quality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a horrible month, losing 26% after a relatively...分析記事 • Dec 02Quality Reliability Technology (KOSDAQ:405100) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...New Risk • Nov 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.7b (US$99.5m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 312% Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Market cap is less than US$100m (₩138.7b market cap, or US$99.5m).分析記事 • Nov 05Quality Reliability Technology (KOSDAQ:405100) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Aug 05New 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 323% Paying a dividend despite having no free cash flows. Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).お知らせ • Jul 27Quality Reliability Technology Inc. (KOSDAQ:A405100) announces an Equity Buyback for KRW 5,000 million worth of its shares.Quality Reliability Technology Inc. (KOSDAQ:A405100) 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 trust agreement with NH Investment & Securities co.,Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 26, 2025. As of July 25, 2024, the company had 224,807 common shares in treasury through buyback within dividend capacity and no shares in treasury through other acquisitions.分析記事 • Jul 23Is Quality Reliability Technology (KOSDAQ:405100) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Jun 21QRT (KOSDAQ:405100) Could Be Struggling To Allocate CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • May 25QRT inc. (KOSDAQ:A405100) announces an Equity Buyback for KRW 5,000 million worth of its shares.QRT inc. (KOSDAQ:A405100) 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 trust agreement with Yuanta Securities Korea Co.,Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until November 24, 2024. As of May 23, 2024, the company had no shares in treasury through buyback within dividend capacity or through other acquisitions.分析記事 • Mar 27Why QRT's (KOSDAQ:405100) Shaky Earnings Are Just The Beginning Of Its ProblemsLast week's earnings announcement from QRT inc. ( KOSDAQ:405100 ) was disappointing to investors, with a sluggish...New Risk • Mar 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).分析記事 • Feb 29Returns On Capital At QRT (KOSDAQ:405100) Have StalledFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Jan 18New 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 11% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).Upcoming Dividend • Dec 20Upcoming dividend of ₩480 per share at 3.1% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩13,020, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 14x in the Semiconductor industry in South Korea.New Risk • Aug 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩132.8b (US$99.2m) 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 Revenue has declined by 23% over the past year. Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by earnings (152% payout ratio). Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (₩132.8b market cap, or US$99.2m).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩14,330, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 15x in the Semiconductor industry in South Korea.Buying Opportunity • Mar 31Now 23% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₩18,296, however this is not to be taken as a buy recommendation but rather should be used as a guide only.収支内訳Quality Reliability Technology 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:A405100 収益、費用、利益 ( )KRW Millions日付収益収益G+A経費研究開発費31 Mar 2673,8955,26517,5652,90631 Dec 2568,8612,89417,6382,82730 Sep 2571,0352,67017,7963,41030 Jun 2568,4542,71217,6183,35531 Mar 2566,8882,91017,1992,59531 Dec 2465,2512,85716,5902,50930 Sep 2457,7121,50215,9482,41730 Jun 2456,2701,85315,5212,31331 Mar 2454,3821,77715,5982,22331 Dec 2353,2572,62414,6912,26530 Sep 2354,38167716,4512,33230 Jun 2354,4811,78214,7033,56031 Mar 2355,3323,12215,6972,46431 Dec 2259,6296,43415,8412,36930 Sep 2265,69411,50614,8332,30130 Jun 2269,49410,50017,2011,07931 Mar 2271,77412,50714,6232,02431 Dec 2171,90512,48613,8641,86731 Dec 2054,6575,65310,53485431 Dec 1947,5594,5419,63763631 Dec 1845,6246,5278,66962731 Dec 1729,6752,3938,05947731 Dec 1627,3372,2404,862549質の高い収益: A405100は 高品質の収益 を持っています。利益率の向上: A405100の現在の純利益率 (7.1%)は、昨年(4.3%)よりも高くなっています。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: A405100の収益は過去 5 年間で年間42.9%減少しました。成長の加速: A405100の過去 1 年間の収益成長率 ( 81% ) は、5 年間の平均 ( 年間-42.9%を上回っています。収益対業界: A405100の過去 1 年間の収益成長率 ( 81% ) はSemiconductor業界5.6%を上回りました。株主資本利益率高いROE: A405100の 自己資本利益率 ( 6.1% ) は 低い とみなされます。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2026/05/27 06:55終値2026/05/27 00:00収益2026/03/31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Quality Reliability Technology Inc. 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。2 アナリスト機関Hyun Dong SungKB Securities Co., Ltd.Se Hoon SohnNH Investment & Securities Co., Ltd.
分析記事 • Nov 26Quality Reliability Technology's (KOSDAQ:405100) Strong Earnings Are Of Good QualityQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) earnings announcement last week was disappointing for...
分析記事 • Mar 25Quality Reliability Technology's (KOSDAQ:405100) Earnings Offer More Than Meets The EyeQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) recent earnings report didn't offer any surprises, with the...
分析記事 • Mar 27Why QRT's (KOSDAQ:405100) Shaky Earnings Are Just The Beginning Of Its ProblemsLast week's earnings announcement from QRT inc. ( KOSDAQ:405100 ) was disappointing to investors, with a sluggish...
Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩17,230, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 56% over the past three years.
分析記事 • May 16At ₩18,870, Is Quality Reliability Technology Inc. (KOSDAQ:405100) Worth Looking At Closely?Quality Reliability Technology Inc. ( KOSDAQ:405100 ), might not be a large cap stock, but it received a lot of...
New Risk • Apr 15New 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 13% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩14,850, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 26x in the Semiconductor industry in South Korea. Total returns to shareholders of 20% over the past three years.
お知らせ • Mar 13Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2026Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 109, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South Korea
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ₩14,340, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 18% over the past three years.
分析記事 • Jan 02Quality Reliability Technology (KOSDAQ:405100) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Upcoming Dividend • Dec 22Upcoming dividend of ₩480 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%).
分析記事 • Nov 26Quality Reliability Technology's (KOSDAQ:405100) Strong Earnings Are Of Good QualityQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) earnings announcement last week was disappointing for...
分析記事 • Nov 09Quality Reliability Technology's (KOSDAQ:405100) Dividend Will Be ₩480.00The board of Quality Reliability Technology Inc. ( KOSDAQ:405100 ) has announced that it will pay a dividend on the...
Declared Dividend • Nov 08Dividend of ₩480 announcedDividend of ₩480 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (210% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 134% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.
お知らせ • Nov 07Quality Reliability Technology Inc. announces Annual dividend, payable on April 20, 2026Quality Reliability Technology Inc. announced Annual dividend of KRW 480.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
New Risk • Sep 28New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₩18,530, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 38% over the past year.
お知らせ • Sep 24Quality Reliability Technology Inc. announced that it has received KRW 10.725166442 billion in fundingOn September 23, 2025, Quality Reliability Technology Inc. closed the transaction.
分析記事 • Sep 22Quality Reliability Technology Inc.'s (KOSDAQ:405100) Shares Climb 35% But Its Business Is Yet to Catch UpQuality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a really impressive month, gaining 35% after a...
お知らせ • Sep 17Quality Reliability Technology Inc. announced that it expects to receive KRW 10.725166442 billion in fundingQuality Reliability Technology Inc announced a private placement to issue Series 1 Bearer Zero Coupon Unsecured Convertible Bonds for aggregate proceeds of KRW 10,725,166,442 on September 15, 2025. The bonds are 100% convertible into 606,833 shares at a conversion price of KRW 17,674 per share, a maturity date of September 23, 2030 and a conversion period between September 30, 2025 to September 16, 2030. The transaction has been approved by the board of directors and is expected to close on September 23, 2025. The bonds will have a restriction period of 1 year. The transaction will include participation from New Growth Semiconductor No. 1 New Technology Business Fund.
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩13,930, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 9.9% over the past year.
分析記事 • Mar 25Quality Reliability Technology's (KOSDAQ:405100) Earnings Offer More Than Meets The EyeQuality Reliability Technology Inc.'s ( KOSDAQ:405100 ) recent earnings report didn't offer any surprises, with the...
New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Dividend per share is over 46x cash flows per share. Earnings have declined by 31% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • Mar 06Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2025Quality Reliability Technology Inc., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 109, gwanggyo-ro, yeongtong-gu, gyeonggi-do, suwon South Korea
分析記事 • Feb 10Quality Reliability Technology (KOSDAQ:405100) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Feb 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.6b (US$99.3m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩145.6b market cap, or US$99.3m).
分析記事 • Jan 20Revenues Not Telling The Story For Quality Reliability Technology Inc. (KOSDAQ:405100) After Shares Rise 27%Quality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a really impressive month, gaining 27% after a...
Upcoming Dividend • Dec 20Upcoming dividend of ₩480 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%).
分析記事 • Dec 04Some Confidence Is Lacking In Quality Reliability Technology Inc. (KOSDAQ:405100) As Shares Slide 26%Quality Reliability Technology Inc. ( KOSDAQ:405100 ) shares have had a horrible month, losing 26% after a relatively...
分析記事 • Dec 02Quality Reliability Technology (KOSDAQ:405100) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
New Risk • Nov 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩138.7b (US$99.5m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 312% Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Market cap is less than US$100m (₩138.7b market cap, or US$99.5m).
分析記事 • Nov 05Quality Reliability Technology (KOSDAQ:405100) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Aug 05New 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 323% Paying a dividend despite having no free cash flows. Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).
お知らせ • Jul 27Quality Reliability Technology Inc. (KOSDAQ:A405100) announces an Equity Buyback for KRW 5,000 million worth of its shares.Quality Reliability Technology Inc. (KOSDAQ:A405100) 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 trust agreement with NH Investment & Securities co.,Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 26, 2025. As of July 25, 2024, the company had 224,807 common shares in treasury through buyback within dividend capacity and no shares in treasury through other acquisitions.
分析記事 • Jul 23Is Quality Reliability Technology (KOSDAQ:405100) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Jun 21QRT (KOSDAQ:405100) Could Be Struggling To Allocate CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • May 25QRT inc. (KOSDAQ:A405100) announces an Equity Buyback for KRW 5,000 million worth of its shares.QRT inc. (KOSDAQ:A405100) 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 trust agreement with Yuanta Securities Korea Co.,Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until November 24, 2024. As of May 23, 2024, the company had no shares in treasury through buyback within dividend capacity or through other acquisitions.
分析記事 • Mar 27Why QRT's (KOSDAQ:405100) Shaky Earnings Are Just The Beginning Of Its ProblemsLast week's earnings announcement from QRT inc. ( KOSDAQ:405100 ) was disappointing to investors, with a sluggish...
New Risk • Mar 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
分析記事 • Feb 29Returns On Capital At QRT (KOSDAQ:405100) Have StalledFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Jan 18New 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 11% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).
Upcoming Dividend • Dec 20Upcoming dividend of ₩480 per share at 3.1% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩13,020, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 14x in the Semiconductor industry in South Korea.
New Risk • Aug 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩132.8b (US$99.2m) 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 Revenue has declined by 23% over the past year. Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by earnings (152% payout ratio). Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (₩132.8b market cap, or US$99.2m).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩14,330, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 15x in the Semiconductor industry in South Korea.
Buying Opportunity • Mar 31Now 23% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₩18,296, however this is not to be taken as a buy recommendation but rather should be used as a guide only.