Seojin SystemLtd（A178320）株式概要ソジンシステム株式会社は、通信機器、中継器、機械製品、LEDおよびその他の機器を提供しています。 詳細A178320 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6/6過去の実績0/6財務の健全性1/6配当金0/6報酬収益は年間117.21%増加すると予測されています リスク分析利払いは収益で十分にカバーされない KR市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見るA178320 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₩66.10k72.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-101b5t2016201920222025202620282031Revenue ₩5.5tEarnings ₩544.6bAdvancedSet Fair ValueView all narrativesSeojin System Co.,Ltd 競合他社Taihan Fiber OpticsSymbol: KOSDAQ:A010170Market cap: ₩3.5tIntellian TechnologiesSymbol: KOSDAQ:A189300Market cap: ₩1.7tSOLiDSymbol: KOSDAQ:A050890Market cap: ₩1.1tKmwSymbol: KOSDAQ:A032500Market cap: ₩1.4t価格と性能株価の高値、安値、推移の概要Seojin SystemLtd過去の株価現在の株価₩66,100.0052週高値₩71,700.0052週安値₩18,410.00ベータ1.141ヶ月の変化49.04%3ヶ月変化95.85%1年変化207.44%3年間の変化279.23%5年間の変化223.62%IPOからの変化607.90%最新ニュースお知らせ • Apr 23Seojin System Co.,Ltd announced that it expects to receive KRW 180.0000162 billion in funding from Neoyoung Co., Ltd, Taurus Asset Management Co. Ltd.Seojin System Co.,Ltd announced a private placement to issue 4,026,846 shares at an issue price of KRW 44,700 for gross proceeds of KRW 180,000,016,200 on April 22, 2026. The transaction will include participation from new investors Taurus Asset Management Co., Ltd. 1,789,709 shares and Neoyoung Co., Ltd 2,237,137 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on April 30, 2026.お知らせ • Mar 17Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South KoreaNew Risk • Feb 27New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • Feb 12Price target increased by 13% to ₩42,000Up from ₩37,333, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ₩36,850. Stock is up 58% over the past year. The company is forecast to post a net loss per share of ₩730 compared to earnings per share of ₩1,696 last year.分析記事 • Jan 26Seojin System Co.,Ltd's (KOSDAQ:178320) 31% Share Price Surge Not Quite Adding UpSeojin System Co.,Ltd ( KOSDAQ:178320 ) shares have had a really impressive month, gaining 31% after a shaky period...分析記事 • Jan 06Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...最新情報をもっと見るRecent updatesお知らせ • Apr 23Seojin System Co.,Ltd announced that it expects to receive KRW 180.0000162 billion in funding from Neoyoung Co., Ltd, Taurus Asset Management Co. Ltd.Seojin System Co.,Ltd announced a private placement to issue 4,026,846 shares at an issue price of KRW 44,700 for gross proceeds of KRW 180,000,016,200 on April 22, 2026. The transaction will include participation from new investors Taurus Asset Management Co., Ltd. 1,789,709 shares and Neoyoung Co., Ltd 2,237,137 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on April 30, 2026.お知らせ • Mar 17Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South KoreaNew Risk • Feb 27New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • Feb 12Price target increased by 13% to ₩42,000Up from ₩37,333, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ₩36,850. Stock is up 58% over the past year. The company is forecast to post a net loss per share of ₩730 compared to earnings per share of ₩1,696 last year.分析記事 • Jan 26Seojin System Co.,Ltd's (KOSDAQ:178320) 31% Share Price Surge Not Quite Adding UpSeojin System Co.,Ltd ( KOSDAQ:178320 ) shares have had a really impressive month, gaining 31% after a shaky period...分析記事 • Jan 06Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • Nov 19Consensus revenue estimates fall by 28%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.45b to ₩1.05b. Forecast loss of -₩2,370, down from profit of ₩975 per share profit previously. Communications industry in South Korea expected to see average net income growth of 53% next year. Consensus price target of ₩34,667 unchanged from last update. Share price fell 8.7% to ₩22,500 over the past week.分析記事 • Oct 28Revenues Tell The Story For Seojin System Co.,Ltd (KOSDAQ:178320) As Its Stock Soars 33%The Seojin System Co.,Ltd ( KOSDAQ:178320 ) share price has done very well over the last month, posting an excellent...お知らせ • Sep 24Seojin System Co.,Ltd (KOSDAQ:A178320) announces an Equity Buyback for 449,438 shares, for KRW 10,000 million.Seojin System Co.,Ltd (KOSDAQ:A178320) announces a share repurchase program. Under the program, the company will repurchase up to 449,438 shares, for KRW 10,000 million, pursuant to a contract with Yuanta Securities. The purpose of the program is to to enhance shareholder value. The program will expire on December 24, 2025.分析記事 • Sep 08Here's Why Seojin SystemLtd (KOSDAQ:178320) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Aug 15Investors Still Waiting For A Pull Back In Seojin System Co.,Ltd (KOSDAQ:178320)KOSDAQ:A178320 1 Year Share Price vs Fair Value Explore Seojin SystemLtd's Fair Values from the Community and select...分析記事 • Jul 09Investors Could Be Concerned With Seojin SystemLtd's (KOSDAQ:178320) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...分析記事 • May 08Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Apr 15Seojin System Co.,Ltd (KOSDAQ:178320) Might Not Be As Mispriced As It LooksWith a median price-to-sales (or "P/S") ratio of close to 1x in the Communications industry in Korea, you could be...Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₩17,240, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 24x in the Communications industry in Asia. Total loss to shareholders of 13% over the past three years.Reported Earnings • Mar 25Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₩1,696 (up from ₩55.64 loss in FY 2023). Revenue: ₩1.21t (up 56% from FY 2023). Net income: ₩84.3b (up ₩86.3b from FY 2023). Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 13Seojin System Co.,Ltd, Annual General Meeting, Mar 27, 2025Seojin System Co.,Ltd, Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South Korea分析記事 • Dec 21Returns At Seojin SystemLtd (KOSDAQ:178320) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...分析記事 • Nov 25Seojin SystemLtd's (KOSDAQ:178320) Earnings Aren't As Good As They AppearWe didn't see Seojin System Co.,Ltd's ( KOSDAQ:178320 ) stock surge when it reported robust earnings recently. We...New Risk • Nov 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.5% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).New Risk • Nov 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Interest payments are not well covered by earnings (2.4x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).分析記事 • Oct 08Earnings Tell The Story For Seojin System Co.,Ltd (KOSDAQ:178320) As Its Stock Soars 26%Seojin System Co.,Ltd ( KOSDAQ:178320 ) shareholders are no doubt pleased to see that the share price has bounced 26...分析記事 • Aug 02Seojin System Co.,Ltd (KOSDAQ:178320) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessSeojin System Co.,Ltd ( KOSDAQ:178320 ) shareholders won't be pleased to see that the share price has had a very rough...New Risk • Jul 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (47% increase in shares outstanding).Major Estimate Revision • Jul 09Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.32b to ₩1.30b. EPS estimate also fell from ₩2,736 per share to ₩1,820 per share. Net income forecast to grow 933% next year vs 41% growth forecast for Communications industry in South Korea. Consensus price target of ₩36,667 unchanged from last update. Share price rose 12% to ₩32,550 over the past week.分析記事 • Jun 10Seojin SystemLtd (KOSDAQ:178320) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...分析記事 • May 23Investors Appear Satisfied With Seojin System Co.,Ltd's (KOSDAQ:178320) Prospects As Shares Rocket 31%Despite an already strong run, Seojin System Co.,Ltd ( KOSDAQ:178320 ) shares have been powering on, with a gain of 31...分析記事 • May 21Seojin SystemLtd's (KOSDAQ:178320) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market wasn't impressed with the soft earnings from Seojin System Co.,Ltd ( KOSDAQ:178320 ) recently. We did some...Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩1,008 (vs ₩657 in 1Q 2023)First quarter 2024 results: EPS: ₩1,008 (up from ₩657 in 1Q 2023). Revenue: ₩325.7b (up 72% from 1Q 2023). Net income: ₩37.4b (up 52% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • May 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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 Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding).New Risk • May 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 7.9% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).Buy Or Sell Opportunity • May 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to ₩25,550. The fair value is estimated to be ₩21,258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Mar 29Seojin System Co.,Ltd (KOSDAQ:178320) Soars 28% But It's A Story Of Risk Vs RewardDespite an already strong run, Seojin System Co.,Ltd ( KOSDAQ:178320 ) shares have been powering on, with a gain of 28...Price Target Changed • Feb 15Price target increased by 15% to ₩27,250Up from ₩23,750, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ₩22,500. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₩41.67 for next year compared to ₩42.87 last year.Major Estimate Revision • Nov 16Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩226 to ₩197 per share. Revenue forecast steady at ₩851.4m. Net income forecast to grow 10,288% next year vs 50% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price rose 7.7% to ₩18,780 over the past week.Major Estimate Revision • Aug 18Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.05b to ₩992.5m. EPS estimate also fell from ₩1,391 per share to ₩850 per share. Net income forecast to grow 589% next year vs 45% growth forecast for Communications industry in South Korea. Consensus price target down from ₩25,750 to ₩23,750. Share price fell 4.7% to ₩14,770 over the past week.Price Target Changed • Aug 17Price target decreased by 8.7% to ₩23,750Down from ₩26,000, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ₩15,580. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of ₩850 for next year compared to ₩42.87 last year.New Risk • Aug 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin).Major Estimate Revision • Aug 03Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.15b to ₩1.05b. EPS estimate also fell from ₩1,902 per share to ₩1,391 per share. Net income forecast to grow 855% next year vs 44% growth forecast for Communications industry in South Korea. Consensus price target of ₩25,750 unchanged from last update. Share price fell 3.4% to ₩16,030 over the past week.Major Estimate Revision • Mar 15Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.45b to ₩1.22b. EPS estimate fell from ₩2,475 to ₩2,243 per share. Net income forecast to grow 5,132% next year vs 32% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price fell 9.8% to ₩17,500 over the past week.Reported Earnings • Mar 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₩43.00 (down from ₩1,045 in FY 2021). Revenue: ₩787.6b (up 30% from FY 2021). Net income: ₩1.61b (down 96% from FY 2021). Profit margin: 0.2% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 21Upcoming dividend of ₩150 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 27 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.2%).Price Target Changed • Nov 16Price target decreased to ₩23,750Down from ₩26,000, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ₩15,750. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₩559 for next year compared to ₩1,045 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Aug 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩1.02b to ₩899.8m. EPS estimate fell from ₩1,319 to ₩784 per share. Net income forecast to grow 30% next year vs 54% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price was steady at ₩14,850 over the past week.Price Target Changed • Apr 27Price target decreased to ₩25,750Down from ₩28,250, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₩19,600. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩1,924 for next year compared to ₩1,046 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₩39,350, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Communications industry in Asia. Total returns to shareholders of 84% over the past three years.Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩943.8m to ₩1.09b. EPS estimate fell from ₩5,279 to ₩3,908. Net income forecast to grow 92% next year vs 168% growth forecast for Communications industry in South Korea. Consensus price target of ₩51,500 unchanged from last update. Share price was steady at ₩33,350 over the past week.お知らせ • Feb 05Seojin System Co.,Ltd announced that it has received KRW 188 billion in funding from Sunflower 2022 Holdings Co., Ltd., Multi Asset Global Investments Co., Ltd. and other investorsOn February 4, 2022, Seojin System Co.,Ltd closed the transaction. The company announced that it has issued series 10 bonds for gross proceeds of KRW 110,000,000,000 and series 11 bonds for gross proceeds of KRW 60,000,000,000 for aggregate gross proceeds of KRW 170,000,000,000 in its second tranche.Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₩44,150, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Communications industry in South Korea. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩84,858 per share.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ₩1,088 (vs ₩711 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩173.6b (up 102% from 3Q 2020). Net income: ₩20.0b (up ₩32.9b from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings.Price Target Changed • Aug 20Price target decreased to ₩51,500Down from ₩56,500, the current price target is an average from 2 analysts. New target price is 46% above last closing price of ₩35,300. Stock is down 10% over the past year.お知らせ • Mar 26Seojin System Co.,Ltd announced that it has received KRW 110 billion in funding from Crescendo Equity Partners LimitedOn March 25, 2021, Seojin System Co.,Ltd (KOSDAQ:A178320) closed the transaction. The company has received KRW 40,000,000,000 in its second tranche.Is New 90 Day High Low • Mar 04New 90-day low: ₩39,200The company is down 19% from its price of ₩48,350 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩26,329 per share.お知らせ • Feb 18Seojin System Co.,Ltd announced that it expects to receive KRW 110 billion in funding from Crescendo Equity Partners Limited and another investorSeojin System Co., Ltd (KOSDAQ:A178320) announced a private placement of series 7 bearer non-guaranteed convertible bonds with interest for the proceeds of KRW 70,000,000,000 and series 8 bearer non-guaranteed convertible bonds for gross proceeds of KRW 40,000,000,000 for aggregate gross proceeds of KRW 110,000,000,000 on February 17, 2021. The transaction will involve participation from returning investors Jeon, Dong-gyu for series 8 bonds for gross proceeds of KRW 20,000,000,000 and Crescendo Equity Partners Limited. The bonds will carry coupon rate and yield to maturity of 2.5%. The maturity date of the series 7 bonds is March 22, 2026 and the series 8 bonds is March 25, 2026. The bonds are fully convertible at a conversion price of KRW 47,000 per share. The conversion period of the series 7 bonds will be from March 22, 2022 to February 22, 2026 and the series 8 bonds will be from March 25, 2022 to February 25, 2026. The subscription date is February 19, 2021 and the payment date of the series 7 bonds is March 22, 2021 and the series 8 bonds is March 25, 2021. The transaction has been approved by the board of directors of the company. The securities issued in the transaction has a lock in period of one year.分析記事 • Feb 16Do Insiders Own Lots Of Shares In Seojin System Co.,Ltd (KOSDAQ:178320)?If you want to know who really controls Seojin System Co.,Ltd ( KOSDAQ:178320 ), then you'll have to look at the makeup...Is New 90 Day High Low • Feb 04New 90-day low: ₩41,000The company is down 2.0% from its price of ₩41,950 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩256,491 per share.分析記事 • Jan 26Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Jan 05Returns On Capital At Seojin SystemLtd (KOSDAQ:178320) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Dec 30New 90-day high: ₩50,600The company is up 11% from its price of ₩45,650 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩264,802 per share.分析記事 • Dec 15Should You Buy Seojin System Co., Ltd (KOSDAQ:178320) For Its Dividend?Is Seojin System Co., Ltd ( KOSDAQ:178320 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Nov 24Seojin System Co., Ltd's (KOSDAQ:178320) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Seojin System's (KOSDAQ:178320) stock is up by a considerable 27% over the past month. As most would know...Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 20% share price gain to ₩41,950, the stock is trading at a trailing P/E ratio of 61.9x, up from the previous P/E ratio of 51.7x. This compares to an average P/E of 23x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 148%.Valuation Update With 7 Day Price Move • Nov 04Market bids up stock over the past weekAfter last week's 16% share price gain to ₩43,450, the stock is trading at a trailing P/E ratio of 64.1x, up from the previous P/E ratio of 55.4x. This compares to an average P/E of 22x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 169%.Is New 90 Day High Low • Oct 22New 90-day low: ₩37,000The company is down 5.0% from its price of ₩38,950 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩125,672 per share.株主還元A178320KR CommunicationsKR 市場7D11.1%16.9%12.5%1Y207.4%178.9%176.4%株主還元を見る業界別リターン: A178320過去 1 年間で178.9 % の収益を上げたKR Communications業界を上回りました。リターン対市場: A178320過去 1 年間で176.4 % の収益を上げたKR市場を上回りました。価格変動Is A178320's price volatile compared to industry and market?A178320 volatilityA178320 Average Weekly Movement14.9%Communications Industry Average Movement15.2%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: A178320の株価は、 KR市場と比較して過去 3 か月間で変動しています。時間の経過による変動: A178320の 週次ボラティリティ は、過去 1 年間で10%から15%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト1996n/aDong-Kyu Jeonwww.seojinsystem.netソジンシステム株式会社は、通信機器、中継器、機械製品、LEDなどの機器を提供している。同社は、RRH、RU、キャビネット、エンクロージャー、ケース、シーバーラックなどの通信機器、携帯電話フレーム、自動車部品、半導体機器、アルミ合金、電力、通信、データ、その他のケーブル産業用ケーブルハーネス、産業用およびスポーツ用LEDケース、セキュリティおよび街灯ケースからなるLEDケース、重工業用製品を提供している。ソジンシステムは1996年に設立され、韓国富川市に本社を置いている。もっと見るSeojin System Co.,Ltd 基礎のまとめSeojin SystemLtd の収益と売上を時価総額と比較するとどうか。A178320 基礎統計学時価総額₩3.93t収益（TTM）-₩101.24b売上高(TTM)₩1.07t3.7xP/Sレシオ-38.8xPER（株価収益率A178320 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A178320 損益計算書（TTM）収益₩1.07t売上原価₩955.88b売上総利益₩110.46bその他の費用₩211.69b収益-₩101.24b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）-1.70kグロス・マージン10.36%純利益率-9.49%有利子負債／自己資本比率156.8%A178320 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2026/05/08 12:05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Seojin System Co.,Ltd 2 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。6 アナリスト機関Jun-Seo HeoEugene Investment & Securities Co Ltd.Hee Chul ShiniM SecuritiesHyun Dong LeeNH Investment & Securities Co., Ltd.3 その他のアナリストを表示
お知らせ • Apr 23Seojin System Co.,Ltd announced that it expects to receive KRW 180.0000162 billion in funding from Neoyoung Co., Ltd, Taurus Asset Management Co. Ltd.Seojin System Co.,Ltd announced a private placement to issue 4,026,846 shares at an issue price of KRW 44,700 for gross proceeds of KRW 180,000,016,200 on April 22, 2026. The transaction will include participation from new investors Taurus Asset Management Co., Ltd. 1,789,709 shares and Neoyoung Co., Ltd 2,237,137 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on April 30, 2026.
お知らせ • Mar 17Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South Korea
New Risk • Feb 27New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • Feb 12Price target increased by 13% to ₩42,000Up from ₩37,333, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ₩36,850. Stock is up 58% over the past year. The company is forecast to post a net loss per share of ₩730 compared to earnings per share of ₩1,696 last year.
分析記事 • Jan 26Seojin System Co.,Ltd's (KOSDAQ:178320) 31% Share Price Surge Not Quite Adding UpSeojin System Co.,Ltd ( KOSDAQ:178320 ) shares have had a really impressive month, gaining 31% after a shaky period...
分析記事 • Jan 06Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Apr 23Seojin System Co.,Ltd announced that it expects to receive KRW 180.0000162 billion in funding from Neoyoung Co., Ltd, Taurus Asset Management Co. Ltd.Seojin System Co.,Ltd announced a private placement to issue 4,026,846 shares at an issue price of KRW 44,700 for gross proceeds of KRW 180,000,016,200 on April 22, 2026. The transaction will include participation from new investors Taurus Asset Management Co., Ltd. 1,789,709 shares and Neoyoung Co., Ltd 2,237,137 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on April 30, 2026.
お知らせ • Mar 17Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026Seojin System Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South Korea
New Risk • Feb 27New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • Feb 12Price target increased by 13% to ₩42,000Up from ₩37,333, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ₩36,850. Stock is up 58% over the past year. The company is forecast to post a net loss per share of ₩730 compared to earnings per share of ₩1,696 last year.
分析記事 • Jan 26Seojin System Co.,Ltd's (KOSDAQ:178320) 31% Share Price Surge Not Quite Adding UpSeojin System Co.,Ltd ( KOSDAQ:178320 ) shares have had a really impressive month, gaining 31% after a shaky period...
分析記事 • Jan 06Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • Nov 19Consensus revenue estimates fall by 28%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.45b to ₩1.05b. Forecast loss of -₩2,370, down from profit of ₩975 per share profit previously. Communications industry in South Korea expected to see average net income growth of 53% next year. Consensus price target of ₩34,667 unchanged from last update. Share price fell 8.7% to ₩22,500 over the past week.
分析記事 • Oct 28Revenues Tell The Story For Seojin System Co.,Ltd (KOSDAQ:178320) As Its Stock Soars 33%The Seojin System Co.,Ltd ( KOSDAQ:178320 ) share price has done very well over the last month, posting an excellent...
お知らせ • Sep 24Seojin System Co.,Ltd (KOSDAQ:A178320) announces an Equity Buyback for 449,438 shares, for KRW 10,000 million.Seojin System Co.,Ltd (KOSDAQ:A178320) announces a share repurchase program. Under the program, the company will repurchase up to 449,438 shares, for KRW 10,000 million, pursuant to a contract with Yuanta Securities. The purpose of the program is to to enhance shareholder value. The program will expire on December 24, 2025.
分析記事 • Sep 08Here's Why Seojin SystemLtd (KOSDAQ:178320) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Aug 15Investors Still Waiting For A Pull Back In Seojin System Co.,Ltd (KOSDAQ:178320)KOSDAQ:A178320 1 Year Share Price vs Fair Value Explore Seojin SystemLtd's Fair Values from the Community and select...
分析記事 • Jul 09Investors Could Be Concerned With Seojin SystemLtd's (KOSDAQ:178320) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
分析記事 • May 08Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Apr 15Seojin System Co.,Ltd (KOSDAQ:178320) Might Not Be As Mispriced As It LooksWith a median price-to-sales (or "P/S") ratio of close to 1x in the Communications industry in Korea, you could be...
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₩17,240, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 24x in the Communications industry in Asia. Total loss to shareholders of 13% over the past three years.
Reported Earnings • Mar 25Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₩1,696 (up from ₩55.64 loss in FY 2023). Revenue: ₩1.21t (up 56% from FY 2023). Net income: ₩84.3b (up ₩86.3b from FY 2023). Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 13Seojin System Co.,Ltd, Annual General Meeting, Mar 27, 2025Seojin System Co.,Ltd, Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 20-22, saneop-ro, gyeonggi-do, bucheon South Korea
分析記事 • Dec 21Returns At Seojin SystemLtd (KOSDAQ:178320) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
分析記事 • Nov 25Seojin SystemLtd's (KOSDAQ:178320) Earnings Aren't As Good As They AppearWe didn't see Seojin System Co.,Ltd's ( KOSDAQ:178320 ) stock surge when it reported robust earnings recently. We...
New Risk • Nov 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.5% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).
New Risk • Nov 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Interest payments are not well covered by earnings (2.4x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).
分析記事 • Oct 08Earnings Tell The Story For Seojin System Co.,Ltd (KOSDAQ:178320) As Its Stock Soars 26%Seojin System Co.,Ltd ( KOSDAQ:178320 ) shareholders are no doubt pleased to see that the share price has bounced 26...
分析記事 • Aug 02Seojin System Co.,Ltd (KOSDAQ:178320) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessSeojin System Co.,Ltd ( KOSDAQ:178320 ) shareholders won't be pleased to see that the share price has had a very rough...
New Risk • Jul 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (47% increase in shares outstanding).
Major Estimate Revision • Jul 09Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.32b to ₩1.30b. EPS estimate also fell from ₩2,736 per share to ₩1,820 per share. Net income forecast to grow 933% next year vs 41% growth forecast for Communications industry in South Korea. Consensus price target of ₩36,667 unchanged from last update. Share price rose 12% to ₩32,550 over the past week.
分析記事 • Jun 10Seojin SystemLtd (KOSDAQ:178320) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
分析記事 • May 23Investors Appear Satisfied With Seojin System Co.,Ltd's (KOSDAQ:178320) Prospects As Shares Rocket 31%Despite an already strong run, Seojin System Co.,Ltd ( KOSDAQ:178320 ) shares have been powering on, with a gain of 31...
分析記事 • May 21Seojin SystemLtd's (KOSDAQ:178320) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market wasn't impressed with the soft earnings from Seojin System Co.,Ltd ( KOSDAQ:178320 ) recently. We did some...
Reported Earnings • May 18First quarter 2024 earnings released: EPS: ₩1,008 (vs ₩657 in 1Q 2023)First quarter 2024 results: EPS: ₩1,008 (up from ₩657 in 1Q 2023). Revenue: ₩325.7b (up 72% from 1Q 2023). Net income: ₩37.4b (up 52% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • May 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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 Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding).
New Risk • May 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 7.9% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).
Buy Or Sell Opportunity • May 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to ₩25,550. The fair value is estimated to be ₩21,258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Mar 29Seojin System Co.,Ltd (KOSDAQ:178320) Soars 28% But It's A Story Of Risk Vs RewardDespite an already strong run, Seojin System Co.,Ltd ( KOSDAQ:178320 ) shares have been powering on, with a gain of 28...
Price Target Changed • Feb 15Price target increased by 15% to ₩27,250Up from ₩23,750, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ₩22,500. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₩41.67 for next year compared to ₩42.87 last year.
Major Estimate Revision • Nov 16Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩226 to ₩197 per share. Revenue forecast steady at ₩851.4m. Net income forecast to grow 10,288% next year vs 50% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price rose 7.7% to ₩18,780 over the past week.
Major Estimate Revision • Aug 18Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.05b to ₩992.5m. EPS estimate also fell from ₩1,391 per share to ₩850 per share. Net income forecast to grow 589% next year vs 45% growth forecast for Communications industry in South Korea. Consensus price target down from ₩25,750 to ₩23,750. Share price fell 4.7% to ₩14,770 over the past week.
Price Target Changed • Aug 17Price target decreased by 8.7% to ₩23,750Down from ₩26,000, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ₩15,580. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of ₩850 for next year compared to ₩42.87 last year.
New Risk • Aug 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Major Estimate Revision • Aug 03Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.15b to ₩1.05b. EPS estimate also fell from ₩1,902 per share to ₩1,391 per share. Net income forecast to grow 855% next year vs 44% growth forecast for Communications industry in South Korea. Consensus price target of ₩25,750 unchanged from last update. Share price fell 3.4% to ₩16,030 over the past week.
Major Estimate Revision • Mar 15Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.45b to ₩1.22b. EPS estimate fell from ₩2,475 to ₩2,243 per share. Net income forecast to grow 5,132% next year vs 32% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price fell 9.8% to ₩17,500 over the past week.
Reported Earnings • Mar 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₩43.00 (down from ₩1,045 in FY 2021). Revenue: ₩787.6b (up 30% from FY 2021). Net income: ₩1.61b (down 96% from FY 2021). Profit margin: 0.2% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 21Upcoming dividend of ₩150 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 27 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.2%).
Price Target Changed • Nov 16Price target decreased to ₩23,750Down from ₩26,000, the current price target is an average from 2 analysts. New target price is 51% above last closing price of ₩15,750. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₩559 for next year compared to ₩1,045 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Aug 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩1.02b to ₩899.8m. EPS estimate fell from ₩1,319 to ₩784 per share. Net income forecast to grow 30% next year vs 54% growth forecast for Communications industry in South Korea. Consensus price target of ₩23,750 unchanged from last update. Share price was steady at ₩14,850 over the past week.
Price Target Changed • Apr 27Price target decreased to ₩25,750Down from ₩28,250, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₩19,600. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩1,924 for next year compared to ₩1,046 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₩39,350, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Communications industry in Asia. Total returns to shareholders of 84% over the past three years.
Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩943.8m to ₩1.09b. EPS estimate fell from ₩5,279 to ₩3,908. Net income forecast to grow 92% next year vs 168% growth forecast for Communications industry in South Korea. Consensus price target of ₩51,500 unchanged from last update. Share price was steady at ₩33,350 over the past week.
お知らせ • Feb 05Seojin System Co.,Ltd announced that it has received KRW 188 billion in funding from Sunflower 2022 Holdings Co., Ltd., Multi Asset Global Investments Co., Ltd. and other investorsOn February 4, 2022, Seojin System Co.,Ltd closed the transaction. The company announced that it has issued series 10 bonds for gross proceeds of KRW 110,000,000,000 and series 11 bonds for gross proceeds of KRW 60,000,000,000 for aggregate gross proceeds of KRW 170,000,000,000 in its second tranche.
Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₩44,150, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Communications industry in South Korea. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩84,858 per share.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ₩1,088 (vs ₩711 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩173.6b (up 102% from 3Q 2020). Net income: ₩20.0b (up ₩32.9b from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings.
Price Target Changed • Aug 20Price target decreased to ₩51,500Down from ₩56,500, the current price target is an average from 2 analysts. New target price is 46% above last closing price of ₩35,300. Stock is down 10% over the past year.
お知らせ • Mar 26Seojin System Co.,Ltd announced that it has received KRW 110 billion in funding from Crescendo Equity Partners LimitedOn March 25, 2021, Seojin System Co.,Ltd (KOSDAQ:A178320) closed the transaction. The company has received KRW 40,000,000,000 in its second tranche.
Is New 90 Day High Low • Mar 04New 90-day low: ₩39,200The company is down 19% from its price of ₩48,350 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩26,329 per share.
お知らせ • Feb 18Seojin System Co.,Ltd announced that it expects to receive KRW 110 billion in funding from Crescendo Equity Partners Limited and another investorSeojin System Co., Ltd (KOSDAQ:A178320) announced a private placement of series 7 bearer non-guaranteed convertible bonds with interest for the proceeds of KRW 70,000,000,000 and series 8 bearer non-guaranteed convertible bonds for gross proceeds of KRW 40,000,000,000 for aggregate gross proceeds of KRW 110,000,000,000 on February 17, 2021. The transaction will involve participation from returning investors Jeon, Dong-gyu for series 8 bonds for gross proceeds of KRW 20,000,000,000 and Crescendo Equity Partners Limited. The bonds will carry coupon rate and yield to maturity of 2.5%. The maturity date of the series 7 bonds is March 22, 2026 and the series 8 bonds is March 25, 2026. The bonds are fully convertible at a conversion price of KRW 47,000 per share. The conversion period of the series 7 bonds will be from March 22, 2022 to February 22, 2026 and the series 8 bonds will be from March 25, 2022 to February 25, 2026. The subscription date is February 19, 2021 and the payment date of the series 7 bonds is March 22, 2021 and the series 8 bonds is March 25, 2021. The transaction has been approved by the board of directors of the company. The securities issued in the transaction has a lock in period of one year.
分析記事 • Feb 16Do Insiders Own Lots Of Shares In Seojin System Co.,Ltd (KOSDAQ:178320)?If you want to know who really controls Seojin System Co.,Ltd ( KOSDAQ:178320 ), then you'll have to look at the makeup...
Is New 90 Day High Low • Feb 04New 90-day low: ₩41,000The company is down 2.0% from its price of ₩41,950 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩256,491 per share.
分析記事 • Jan 26Does Seojin SystemLtd (KOSDAQ:178320) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Jan 05Returns On Capital At Seojin SystemLtd (KOSDAQ:178320) Paint An Interesting PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Dec 30New 90-day high: ₩50,600The company is up 11% from its price of ₩45,650 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩264,802 per share.
分析記事 • Dec 15Should You Buy Seojin System Co., Ltd (KOSDAQ:178320) For Its Dividend?Is Seojin System Co., Ltd ( KOSDAQ:178320 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Nov 24Seojin System Co., Ltd's (KOSDAQ:178320) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Seojin System's (KOSDAQ:178320) stock is up by a considerable 27% over the past month. As most would know...
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 20% share price gain to ₩41,950, the stock is trading at a trailing P/E ratio of 61.9x, up from the previous P/E ratio of 51.7x. This compares to an average P/E of 23x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 148%.
Valuation Update With 7 Day Price Move • Nov 04Market bids up stock over the past weekAfter last week's 16% share price gain to ₩43,450, the stock is trading at a trailing P/E ratio of 64.1x, up from the previous P/E ratio of 55.4x. This compares to an average P/E of 22x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 169%.
Is New 90 Day High Low • Oct 22New 90-day low: ₩37,000The company is down 5.0% from its price of ₩38,950 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩125,672 per share.
