View Future GrowthTES 과거 순이익 실적과거 기준 점검 3/6TES의 수입은 연평균 -5.3%의 비율로 감소해 온 반면, Semiconductor 산업은 수입이 연평균 1.3% 증가했습니다. 매출은 연평균 5.5%의 비율로 감소해 왔습니다. TES의 자기자본이익률은 16%이고 순이익률은 18%입니다.핵심 정보-5.33%순이익 성장률-3.14%주당순이익(EPS) 성장률Semiconductor 산업 성장률23.50%매출 성장률-5.51%자기자본이익률16.01%순이익률18.04%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트분석 기사 • Mar 21There May Be Underlying Issues With The Quality Of TES' (KOSDAQ:095610) EarningsTES Co., Ltd ( KOSDAQ:095610 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩2,432 (vs ₩89.00 in FY 2023)Full year 2024 results: EPS: ₩2,432 (up from ₩89.00 in FY 2023). Revenue: ₩240.1b (up 63% from FY 2023). Net income: ₩42.7b (up ₩41.1b from FY 2023). Profit margin: 18% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.분석 기사 • Mar 22Earnings Troubles May Signal Larger Issues for TES (KOSDAQ:095610) ShareholdersTES Co., Ltd's ( KOSDAQ:095610 ) recent weak earnings report didn't cause a big stock movement. We think that investors...Reported Earnings • Mar 20Full year 2023 earnings released: EPS: ₩89.00 (vs ₩2,601 in FY 2022)Full year 2023 results: EPS: ₩89.00 (down from ₩2,601 in FY 2022). Revenue: ₩146.9b (down 59% from FY 2022). Net income: ₩1.57b (down 97% from FY 2022). Profit margin: 1.1% (down from 13% in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 12Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩2,580 (down from ₩3,936 in FY 2021). Revenue: ₩358.0b (down 4.6% from FY 2021). Net income: ₩46.8b (down 37% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩627 (vs ₩1,099 in 2Q 2021)Second quarter 2022 results: EPS: ₩627 (down from ₩1,099 in 2Q 2021). Revenue: ₩88.3b (down 15% from 2Q 2021). Net income: ₩11.5b (down 45% from 2Q 2021). Profit margin: 13% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updatesMajor Estimate Revision • May 15Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩429.3m to ₩434.9m. EPS estimate increased from ₩4,531 to ₩5,069 per share. Net income forecast to grow 58% next year vs 77% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩97,500 to ₩138,000. Share price rose 27% to ₩118,100 over the past week.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩105,200, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 460% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩79,106 per share.Buy Or Sell Opportunity • May 11Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 58% to ₩105,200. The fair value is estimated to be ₩79,106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ₩74,700, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩94,688 per share.Buy Or Sell Opportunity • Apr 01Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to ₩61,300. The fair value is estimated to be ₩47,915, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 73% in the next 2 years.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩65,300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,107 per share.공시 • Feb 24TES Co., Ltd, Annual General Meeting, Mar 23, 2026TES Co., Ltd, Annual General Meeting, Mar 23, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 2374-36, jungbu-daero, yangji-myeon, cheoin-gu, gyeonggi-do, yongin South Korea분석 기사 • Feb 16Optimistic Investors Push TES Co., Ltd (KOSDAQ:095610) Shares Up 30% But Growth Is LackingDespite an already strong run, TES Co., Ltd ( KOSDAQ:095610 ) shares have been powering on, with a gain of 30% in the...분석 기사 • Feb 08At ₩67,400, Is It Time To Put TES Co., Ltd (KOSDAQ:095610) On Your Watch List?While TES Co., Ltd ( KOSDAQ:095610 ) might not have the largest market cap around , it saw a significant share price...New Risk • Feb 02New 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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 41%After last week's 41% share price gain to ₩66,800, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 308% over the past three years.분석 기사 • Jan 02TES Co., Ltd (KOSDAQ:095610) Stock Rockets 29% As Investors Are Less Pessimistic Than ExpectedTES Co., Ltd ( KOSDAQ:095610 ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₩53,200, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,669 per share.분석 기사 • Dec 19TES (KOSDAQ:095610) Will Pay A Larger Dividend Than Last Year At ₩850.00TES Co., Ltd ( KOSDAQ:095610 ) has announced that it will be increasing its dividend from last year's comparable...공시 • Dec 19TES Co., Ltd (KOSDAQ:A095610) agreed to acquire 15% stake in Korea Instrument Co., Ltd from Krypton Private Equity Joint Stock Company for KRW 36.6 billion.TES Co., Ltd (KOSDAQ:A095610) agreed to acquire 15% stake in Korea Instrument Co., Ltd from Krypton Private Equity Joint Stock Company for KRW 36.6 billion on December 17, 2025. A cash consideration of KRW 36.62 billion will be paid by TES Co., Ltd. As part of consideration, KRW 36.62 billion is paid towards common equity of Korea Instrument Co., Ltd. For the period ending December 31, 2024, Korea Instrument Co., Ltd reported total revenue of KRW 98.32 billion and net income of KRW 10.65 billion. As of December 31, 2024, Korea Instrument Co., Ltd reported total assets of KRW 109.67 billion. The expected completion of the transaction is December 23, 2025.Valuation Update With 7 Day Price Move • Nov 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩39,200, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩24,100 per share.Declared Dividend • Nov 08Dividend of ₩600 announcedDividend of ₩600 is the same as last year. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 1.5%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Nov 07TES Co., Ltd announces Annual dividend, payable on March 31, 2026TES Co., Ltd announced Annual dividend of KRW 600.0000 per share payable on March 31, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩42,050, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩45,157 per share.공시 • Oct 31TES Co., Ltd announced that it has received KRW 15.6669 billion in fundingOn October 30, 2025, TES Co., Ltd closed the transaction.Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 97% to ₩50,200. The fair value is estimated to be ₩41,742, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 7.0%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.공시 • Sep 19TES Co., Ltd announced that it expects to receive KRW 28.5162 billion in funding from NH Investment & Securities Co., Ltd.TES Co., Ltd announced a private placement to issue series 2 bearer unsecured private convertible bonds for gross proceeds of KRW 28,516,200,000 on September 17, 2025. The transaction includes participation from new investor, NH Investment & Securities Co., Ltd. The bonds have zero coupon rate and zero yield to maturity rate. The bonds will be 100% converted into 600,000 common shares at a fixed conversion price of KRW 47,527 per share. The conversion period is from October 2, 2025 to August 25, 2030. The bonds will mature on September 25, 2030. The payment date of the transaction is September 25, 2025. The transaction has been approved by the board of directors of the company. The transaction is subject to restriction period of one year.Price Target Changed • Sep 16Price target increased by 12% to ₩37,750Up from ₩33,750, the current price target is an average from 4 analysts. New target price is 9.1% below last closing price of ₩41,550. Stock is up 150% over the past year. The company is forecast to post earnings per share of ₩2,970 for next year compared to ₩2,432 last year.New Risk • Sep 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 7.6% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change).Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 31%After last week's 31% share price gain to ₩37,650, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩38,554 per share.분석 기사 • Sep 10TES Co., Ltd's (KOSDAQ:095610) 27% Price Boost Is Out Of Tune With RevenuesTES Co., Ltd ( KOSDAQ:095610 ) shares have continued their recent momentum with a 27% gain in the last month alone. The...Major Estimate Revision • Sep 06Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩331.0m to ₩327.3m. EPS estimate rose from ₩2,562 to ₩2,970. Net income forecast to grow 6.7% next year vs 39% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩32,750 to ₩33,750. Share price fell 4.2% to ₩28,800 over the past week.Price Target Changed • Aug 19Price target increased by 7.4% to ₩32,750Up from ₩30,500, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₩29,050. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩2,562 for next year compared to ₩2,432 last year.Buy Or Sell Opportunity • Jun 23Now 21% undervaluedOver the last 90 days, the stock has risen 11% to ₩25,450. The fair value is estimated to be ₩32,020, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.분석 기사 • May 13Returns On Capital Are Showing Encouraging Signs At TES (KOSDAQ:095610)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩17,940, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 25% over the past three years.분석 기사 • Apr 06Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?TES Co., Ltd ( KOSDAQ:095610 ), might not be a large cap stock, but it received a lot of attention from a substantial...분석 기사 • Mar 21There May Be Underlying Issues With The Quality Of TES' (KOSDAQ:095610) EarningsTES Co., Ltd ( KOSDAQ:095610 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩2,432 (vs ₩89.00 in FY 2023)Full year 2024 results: EPS: ₩2,432 (up from ₩89.00 in FY 2023). Revenue: ₩240.1b (up 63% from FY 2023). Net income: ₩42.7b (up ₩41.1b from FY 2023). Profit margin: 18% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.분석 기사 • Mar 05TES Co., Ltd's (KOSDAQ:095610) 29% Share Price Surge Not Quite Adding UpTES Co., Ltd ( KOSDAQ:095610 ) shares have continued their recent momentum with a 29% gain in the last month alone...New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).공시 • Feb 22TES Co., Ltd, Annual General Meeting, Mar 24, 2025TES Co., Ltd, Annual General Meeting, Mar 24, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 2374-36, jungbu-daero, yangji-myeon, cheoin-gu, gyeonggi-do, yongin South KoreaValuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩22,350, the stock trades at a trailing P/E ratio of 27.2x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 5.0% over the past three years.분석 기사 • Jan 08TES Co., Ltd's (KOSDAQ:095610) 33% Share Price Surge Not Quite Adding UpTES Co., Ltd ( KOSDAQ:095610 ) shareholders would be excited to see that the share price has had a great month, posting...분석 기사 • Jan 06Here's Why TES (KOSDAQ:095610) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%).분석 기사 • Dec 16Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?TES Co., Ltd ( KOSDAQ:095610 ), is not the largest company out there, but it saw a decent share price growth of 15% on...New Risk • Dec 09New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Dec 02New major risk - Revenue and earnings growthEarnings have declined by 4.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.분석 기사 • Sep 04Should You Investigate TES Co., Ltd (KOSDAQ:095610) At ₩16,760?TES Co., Ltd ( KOSDAQ:095610 ), might not be a large cap stock, but it saw significant share price movement during...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩16,700, the stock trades at a trailing P/E ratio of 36x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 44% over the past three years.분석 기사 • Jul 30Some TES Co., Ltd (KOSDAQ:095610) Shareholders Look For Exit As Shares Take 25% PoundingTES Co., Ltd ( KOSDAQ:095610 ) shareholders won't be pleased to see that the share price has had a very rough month...Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩27,300, the stock trades at a trailing P/E ratio of 58.9x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 5.8% over the past three years.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 8.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).분석 기사 • Apr 05Subdued Growth No Barrier To TES Co., Ltd (KOSDAQ:095610) With Shares Advancing 25%TES Co., Ltd ( KOSDAQ:095610 ) shareholders have had their patience rewarded with a 25% share price jump in the last...분석 기사 • Mar 22Earnings Troubles May Signal Larger Issues for TES (KOSDAQ:095610) ShareholdersTES Co., Ltd's ( KOSDAQ:095610 ) recent weak earnings report didn't cause a big stock movement. We think that investors...Reported Earnings • Mar 20Full year 2023 earnings released: EPS: ₩89.00 (vs ₩2,601 in FY 2022)Full year 2023 results: EPS: ₩89.00 (down from ₩2,601 in FY 2022). Revenue: ₩146.9b (down 59% from FY 2022). Net income: ₩1.57b (down 97% from FY 2022). Profit margin: 1.1% (down from 13% in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per share at 2.4% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%).New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).Price Target Changed • Nov 17Price target decreased by 12% to ₩23,000Down from ₩26,250, the current price target is provided by 1 analyst. New target price is 9.5% above last closing price of ₩21,000. Stock is up 14% over the past year. The company posted earnings per share of ₩2,580 last year.Major Estimate Revision • Sep 28Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩216.3m to ₩184.3m. EPS estimate unchanged from ₩1,304 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 41% next year. Consensus price target down from ₩26,250 to ₩25,500. Share price fell 6.3% to ₩20,200 over the past week.Major Estimate Revision • Aug 29Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩251.8m to ₩216.3m. EPS estimate unchanged from ₩1,304 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 29% next year. Consensus price target of ₩26,250 unchanged from last update. Share price was steady at ₩19,620 over the past week.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₩23,400, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩43,001 per share.Buying Opportunity • May 25Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be ₩27,432, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 38%.Major Estimate Revision • Apr 15Consensus EPS estimates increase by 24%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩251.8m to ₩232.8m. EPS estimate rose from ₩1,053 to ₩1,304. Net income forecast to shrink 45% next year vs 14% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩22,250 to ₩26,250. Share price was steady at ₩22,150 over the past week.Price Target Changed • Apr 14Price target increased by 17% to ₩26,250Up from ₩22,500, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ₩22,150. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₩1,304 for next year compared to ₩2,580 last year.Major Estimate Revision • Apr 05Consensus revenue estimates decrease by 27%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩344.4m to ₩251.8m. EPS estimate unchanged from ₩1,053 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at ₩22,250. Share price was steady at ₩21,450 over the past week.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩20,650, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past three years.Reported Earnings • Mar 12Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩2,580 (down from ₩3,936 in FY 2021). Revenue: ₩358.0b (down 4.6% from FY 2021). Net income: ₩46.8b (down 37% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 21Upcoming dividend of ₩560 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%).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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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 • Nov 05Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩376.2m to ₩335.0m. EPS estimate fell from ₩3,143 to ₩2,058 per share. Net income forecast to shrink 8.1% next year vs 23% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩33,333 to ₩25,667. Share price was steady at ₩15,550 over the past week.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩627 (vs ₩1,099 in 2Q 2021)Second quarter 2022 results: EPS: ₩627 (down from ₩1,099 in 2Q 2021). Revenue: ₩88.3b (down 15% from 2Q 2021). Net income: ₩11.5b (down 45% from 2Q 2021). Profit margin: 13% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 22Price target decreased to ₩33,333Down from ₩37,000, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩20,800. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,143 for next year compared to ₩3,936 last year.공시 • Jul 19TES Co., Ltd (KOSDAQ:A095610) announces an Equity Buyback for KRW 10,000 million worth of its shares.TES Co., Ltd (KOSDAQ:A095610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million wroth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on January 18, 2023. As of July 18, 2022, the company had 1,792,536 shares in treasury within the scope available for dividend and 2,464 shares in treasury through other repurchase.Reported Earnings • May 18First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ₩819 (down from ₩1,476 in 1Q 2021). Revenue: ₩102.5b (down 34% from 1Q 2021). Net income: ₩15.2b (down 46% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 19%, compared to a 30% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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.Reported Earnings • Mar 16Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ₩3,936 (up from ₩1,580 in FY 2020). Revenue: ₩375.2b (up 53% from FY 2020). Net income: ₩74.0b (up 147% from FY 2020). Profit margin: 20% (up from 12% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.0%, compared to a 29% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ₩3,024 to ₩3,427. Revenue forecast steady at ₩373.9m. Net income forecast to shrink 2.7% next year vs 46% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩39,200 unchanged from last update. Share price was steady at ₩25,100 over the past week.Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be ₩34,729, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 25% per annum over the last 3 years.Upcoming Dividend • Dec 22Upcoming dividend of ₩450 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 06 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.9%).Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩377 (vs ₩315 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₩55.0b (down 1.3% from 3Q 2020). Net income: ₩7.12b (up 19% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.공시 • Aug 06TES Co., Ltd (KOSDAQ:A095610) announces an Equity Buyback for KRW 10,000 million worth of its shares.TES Co., Ltd (KOSDAQ:A095610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million wroth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on February 4, 2022. As of August 4, 2021, the company had 876,802 shares in treasury within the scope available for dividend and 2,464 shares in treasury through other repurchase.Reported Earnings • May 16First quarter 2021 earnings released: EPS ₩1,476 (vs ₩218 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩154.4b (up 162% from 1Q 2020). Net income: ₩27.9b (up ₩23.7b from 1Q 2020). Profit margin: 18% (up from 7.1% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.분석 기사 • May 06Key Things To Watch Out For If You Are After TES Co., Ltd's (KOSDAQ:095610) 1.4% DividendCould TES Co., Ltd ( KOSDAQ:095610 ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Apr 12Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?While TES Co., Ltd ( KOSDAQ:095610 ) might not be the most widely known stock at the moment, it saw a significant share...분석 기사 • Mar 29An Intrinsic Calculation For TES Co., Ltd (KOSDAQ:095610) Suggests It's 46% UndervaluedIn this article we are going to estimate the intrinsic value of TES Co., Ltd ( KOSDAQ:095610 ) by taking the expected...Reported Earnings • Mar 18Full year 2020 earnings released: EPS ₩1,580 (vs ₩508 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩246.0b (up 38% from FY 2019). Net income: ₩30.0b (up 208% from FY 2019). Profit margin: 12% (up from 5.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.분석 기사 • Mar 17These 4 Measures Indicate That TES (KOSDAQ:095610) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Mar 03TES (KOSDAQ:095610) Has Gifted Shareholders With A Fantastic 215% Total Return On Their InvestmentThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...분석 기사 • Feb 18Should We Be Excited About The Trends Of Returns At TES (KOSDAQ:095610)?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Is New 90 Day High Low • Feb 15New 90-day high: ₩32,750The company is up 8.0% from its price of ₩30,300 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩55,665 per share.분석 기사 • Feb 08Here's What TES Co., Ltd's (KOSDAQ:095610) Shareholder Ownership Structure Looks LikeA look at the shareholders of TES Co., Ltd ( KOSDAQ:095610 ) can tell us which group is most powerful. Insiders often...분석 기사 • Jan 26Should You Use TES's (KOSDAQ:095610) Statutory Earnings To Analyse It?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...Is New 90 Day High Low • Jan 26New 90-day high: ₩31,000The company is up 34% from its price of ₩23,150 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 55% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩54,768 per share.분석 기사 • Jan 15Could TES Co., Ltd (KOSDAQ:095610) Have The Makings Of Another Dividend Aristocrat?Could TES Co., Ltd ( KOSDAQ:095610 ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Jan 04Do Its Financials Have Any Role To Play In Driving TES Co., Ltd's (KOSDAQ:095610) Stock Up Recently?TES (KOSDAQ:095610) has had a great run on the share market with its stock up by a significant 14% over the last three...분석 기사 • Dec 24Just Three Days Till TES Co., Ltd (KOSDAQ:095610) Will Be Trading Ex-DividendIt looks like TES Co., Ltd ( KOSDAQ:095610 ) is about to go ex-dividend in the next three days. You can purchase shares...분석 기사 • Dec 21Calculating The Intrinsic Value Of TES Co., Ltd (KOSDAQ:095610)How far off is TES Co., Ltd ( KOSDAQ:095610 ) from its intrinsic value? Using the most recent financial data, we'll...분석 기사 • Dec 08Does TES (KOSDAQ:095610) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Nov 27Why TES Co., Ltd (KOSDAQ:095610) Could Be Worth WatchingWhile TES Co., Ltd (KOSDAQ:095610) might not be the most widely known stock at the moment, it saw a significant share...Price Target Changed • Nov 27Price target raised to ₩33,500Up from ₩30,750, the current price target is an average from 6 analysts. The new target price is 13% above the current share price of ₩29,600. As of last close, the stock is up 42% over the past year.매출 및 비용 세부 내역TES가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이KOSDAQ:A095610 매출, 비용 및 순이익 (KRW Millions)날짜매출순이익일반관리비연구개발비31 Mar 26363,86265,63232,282031 Dec 25351,11656,91831,207030 Sep 25320,73267,20326,257030 Jun 25303,95657,59225,519031 Mar 25282,40551,61524,402031 Dec 24240,07842,65423,251030 Sep 24179,47814,42416,522030 Jun 24156,3917,87215,984031 Mar 24152,8288,12815,722031 Dec 23146,9381,56616,040030 Sep 23196,29314,78421,526030 Jun 23260,43533,62623,912031 Mar 23291,80231,93123,115031 Dec 22357,99246,76726,096030 Sep 22344,78159,67426,644030 Jun 22307,90252,00924,221031 Mar 22323,25661,28127,518031 Dec 21375,19473,98828,639030 Sep 21367,55860,74726,922030 Jun 21368,28759,63326,868031 Mar 21341,46753,71923,701031 Dec 20245,96730,01918,283030 Sep 20234,25627,32117,655030 Jun 20204,82718,64818,287031 Mar 20179,6007,48017,859031 Dec 19178,3759,75118,536030 Sep 19180,8549,99618,110030 Jun 19201,03419,42616,707031 Mar 19244,37728,44517,496031 Dec 18287,06942,40516,322030 Sep 18302,17848,07414,869030 Jun 18301,29650,09213,471031 Mar 18312,31758,92811,825031 Dec 17275,79054,32411,730030 Sep 17272,29654,05610,908030 Jun 17268,04553,89711,274031 Mar 17197,03837,8309,667031 Dec 16178,90831,3099,160030 Sep 16131,36522,2229,174030 Jun 16126,13616,3329,238031 Mar 16119,19317,7809,602031 Dec 15100,34712,55410,119030 Sep 15114,43514,09510,264030 Jun 1587,91310,5349,6930양질의 수익: A095610는 고품질 수익을 보유하고 있습니다.이익 마진 증가: A095610의 현재 순 이익률 (18%)은 지난해 (18.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: A095610의 수익은 지난 5년 동안 연평균 5.3% 감소했습니다.성장 가속화: 지난 1년간 A095610 의 수익 증가율(27.2%)은 연간 평균(-5.3%)을 초과합니다.수익 대 산업: A095610의 지난 1년 수익 증가율(27.2%)은 Semiconductor 업계의 -1.8%를 상회했습니다.자기자본이익률높은 ROE: A095610의 자본 수익률(16%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSemiconductors 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 14:26종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TES Co., Ltd는 14명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sei Cheol LeeCitigroup IncYang Jae KimDAOL Investment & Securities Co., Ltd.null nullDBS Bank Ltd11명의 분석가 더 보기
분석 기사 • Mar 21There May Be Underlying Issues With The Quality Of TES' (KOSDAQ:095610) EarningsTES Co., Ltd ( KOSDAQ:095610 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩2,432 (vs ₩89.00 in FY 2023)Full year 2024 results: EPS: ₩2,432 (up from ₩89.00 in FY 2023). Revenue: ₩240.1b (up 63% from FY 2023). Net income: ₩42.7b (up ₩41.1b from FY 2023). Profit margin: 18% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
분석 기사 • Mar 22Earnings Troubles May Signal Larger Issues for TES (KOSDAQ:095610) ShareholdersTES Co., Ltd's ( KOSDAQ:095610 ) recent weak earnings report didn't cause a big stock movement. We think that investors...
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: ₩89.00 (vs ₩2,601 in FY 2022)Full year 2023 results: EPS: ₩89.00 (down from ₩2,601 in FY 2022). Revenue: ₩146.9b (down 59% from FY 2022). Net income: ₩1.57b (down 97% from FY 2022). Profit margin: 1.1% (down from 13% in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 12Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩2,580 (down from ₩3,936 in FY 2021). Revenue: ₩358.0b (down 4.6% from FY 2021). Net income: ₩46.8b (down 37% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩627 (vs ₩1,099 in 2Q 2021)Second quarter 2022 results: EPS: ₩627 (down from ₩1,099 in 2Q 2021). Revenue: ₩88.3b (down 15% from 2Q 2021). Net income: ₩11.5b (down 45% from 2Q 2021). Profit margin: 13% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 15Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩429.3m to ₩434.9m. EPS estimate increased from ₩4,531 to ₩5,069 per share. Net income forecast to grow 58% next year vs 77% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩97,500 to ₩138,000. Share price rose 27% to ₩118,100 over the past week.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩105,200, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 460% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩79,106 per share.
Buy Or Sell Opportunity • May 11Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 58% to ₩105,200. The fair value is estimated to be ₩79,106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ₩74,700, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩94,688 per share.
Buy Or Sell Opportunity • Apr 01Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to ₩61,300. The fair value is estimated to be ₩47,915, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 73% in the next 2 years.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩65,300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩50,107 per share.
공시 • Feb 24TES Co., Ltd, Annual General Meeting, Mar 23, 2026TES Co., Ltd, Annual General Meeting, Mar 23, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 2374-36, jungbu-daero, yangji-myeon, cheoin-gu, gyeonggi-do, yongin South Korea
분석 기사 • Feb 16Optimistic Investors Push TES Co., Ltd (KOSDAQ:095610) Shares Up 30% But Growth Is LackingDespite an already strong run, TES Co., Ltd ( KOSDAQ:095610 ) shares have been powering on, with a gain of 30% in the...
분석 기사 • Feb 08At ₩67,400, Is It Time To Put TES Co., Ltd (KOSDAQ:095610) On Your Watch List?While TES Co., Ltd ( KOSDAQ:095610 ) might not have the largest market cap around , it saw a significant share price...
New Risk • Feb 02New 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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 41%After last week's 41% share price gain to ₩66,800, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 308% over the past three years.
분석 기사 • Jan 02TES Co., Ltd (KOSDAQ:095610) Stock Rockets 29% As Investors Are Less Pessimistic Than ExpectedTES Co., Ltd ( KOSDAQ:095610 ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₩53,200, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,669 per share.
분석 기사 • Dec 19TES (KOSDAQ:095610) Will Pay A Larger Dividend Than Last Year At ₩850.00TES Co., Ltd ( KOSDAQ:095610 ) has announced that it will be increasing its dividend from last year's comparable...
공시 • Dec 19TES Co., Ltd (KOSDAQ:A095610) agreed to acquire 15% stake in Korea Instrument Co., Ltd from Krypton Private Equity Joint Stock Company for KRW 36.6 billion.TES Co., Ltd (KOSDAQ:A095610) agreed to acquire 15% stake in Korea Instrument Co., Ltd from Krypton Private Equity Joint Stock Company for KRW 36.6 billion on December 17, 2025. A cash consideration of KRW 36.62 billion will be paid by TES Co., Ltd. As part of consideration, KRW 36.62 billion is paid towards common equity of Korea Instrument Co., Ltd. For the period ending December 31, 2024, Korea Instrument Co., Ltd reported total revenue of KRW 98.32 billion and net income of KRW 10.65 billion. As of December 31, 2024, Korea Instrument Co., Ltd reported total assets of KRW 109.67 billion. The expected completion of the transaction is December 23, 2025.
Valuation Update With 7 Day Price Move • Nov 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩39,200, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩24,100 per share.
Declared Dividend • Nov 08Dividend of ₩600 announcedDividend of ₩600 is the same as last year. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 1.5%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Nov 07TES Co., Ltd announces Annual dividend, payable on March 31, 2026TES Co., Ltd announced Annual dividend of KRW 600.0000 per share payable on March 31, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩42,050, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩45,157 per share.
공시 • Oct 31TES Co., Ltd announced that it has received KRW 15.6669 billion in fundingOn October 30, 2025, TES Co., Ltd closed the transaction.
Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 97% to ₩50,200. The fair value is estimated to be ₩41,742, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 7.0%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
공시 • Sep 19TES Co., Ltd announced that it expects to receive KRW 28.5162 billion in funding from NH Investment & Securities Co., Ltd.TES Co., Ltd announced a private placement to issue series 2 bearer unsecured private convertible bonds for gross proceeds of KRW 28,516,200,000 on September 17, 2025. The transaction includes participation from new investor, NH Investment & Securities Co., Ltd. The bonds have zero coupon rate and zero yield to maturity rate. The bonds will be 100% converted into 600,000 common shares at a fixed conversion price of KRW 47,527 per share. The conversion period is from October 2, 2025 to August 25, 2030. The bonds will mature on September 25, 2030. The payment date of the transaction is September 25, 2025. The transaction has been approved by the board of directors of the company. The transaction is subject to restriction period of one year.
Price Target Changed • Sep 16Price target increased by 12% to ₩37,750Up from ₩33,750, the current price target is an average from 4 analysts. New target price is 9.1% below last closing price of ₩41,550. Stock is up 150% over the past year. The company is forecast to post earnings per share of ₩2,970 for next year compared to ₩2,432 last year.
New Risk • Sep 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 7.6% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change).
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 31%After last week's 31% share price gain to ₩37,650, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩38,554 per share.
분석 기사 • Sep 10TES Co., Ltd's (KOSDAQ:095610) 27% Price Boost Is Out Of Tune With RevenuesTES Co., Ltd ( KOSDAQ:095610 ) shares have continued their recent momentum with a 27% gain in the last month alone. The...
Major Estimate Revision • Sep 06Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩331.0m to ₩327.3m. EPS estimate rose from ₩2,562 to ₩2,970. Net income forecast to grow 6.7% next year vs 39% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩32,750 to ₩33,750. Share price fell 4.2% to ₩28,800 over the past week.
Price Target Changed • Aug 19Price target increased by 7.4% to ₩32,750Up from ₩30,500, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₩29,050. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩2,562 for next year compared to ₩2,432 last year.
Buy Or Sell Opportunity • Jun 23Now 21% undervaluedOver the last 90 days, the stock has risen 11% to ₩25,450. The fair value is estimated to be ₩32,020, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.
분석 기사 • May 13Returns On Capital Are Showing Encouraging Signs At TES (KOSDAQ:095610)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩17,940, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 25% over the past three years.
분석 기사 • Apr 06Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?TES Co., Ltd ( KOSDAQ:095610 ), might not be a large cap stock, but it received a lot of attention from a substantial...
분석 기사 • Mar 21There May Be Underlying Issues With The Quality Of TES' (KOSDAQ:095610) EarningsTES Co., Ltd ( KOSDAQ:095610 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: ₩2,432 (vs ₩89.00 in FY 2023)Full year 2024 results: EPS: ₩2,432 (up from ₩89.00 in FY 2023). Revenue: ₩240.1b (up 63% from FY 2023). Net income: ₩42.7b (up ₩41.1b from FY 2023). Profit margin: 18% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
분석 기사 • Mar 05TES Co., Ltd's (KOSDAQ:095610) 29% Share Price Surge Not Quite Adding UpTES Co., Ltd ( KOSDAQ:095610 ) shares have continued their recent momentum with a 29% gain in the last month alone...
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).
공시 • Feb 22TES Co., Ltd, Annual General Meeting, Mar 24, 2025TES Co., Ltd, Annual General Meeting, Mar 24, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 2374-36, jungbu-daero, yangji-myeon, cheoin-gu, gyeonggi-do, yongin South Korea
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩22,350, the stock trades at a trailing P/E ratio of 27.2x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 5.0% over the past three years.
분석 기사 • Jan 08TES Co., Ltd's (KOSDAQ:095610) 33% Share Price Surge Not Quite Adding UpTES Co., Ltd ( KOSDAQ:095610 ) shareholders would be excited to see that the share price has had a great month, posting...
분석 기사 • Jan 06Here's Why TES (KOSDAQ:095610) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%).
분석 기사 • Dec 16Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?TES Co., Ltd ( KOSDAQ:095610 ), is not the largest company out there, but it saw a decent share price growth of 15% on...
New Risk • Dec 09New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Dec 02New major risk - Revenue and earnings growthEarnings have declined by 4.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
분석 기사 • Sep 04Should You Investigate TES Co., Ltd (KOSDAQ:095610) At ₩16,760?TES Co., Ltd ( KOSDAQ:095610 ), might not be a large cap stock, but it saw significant share price movement during...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩16,700, the stock trades at a trailing P/E ratio of 36x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 44% over the past three years.
분석 기사 • Jul 30Some TES Co., Ltd (KOSDAQ:095610) Shareholders Look For Exit As Shares Take 25% PoundingTES Co., Ltd ( KOSDAQ:095610 ) shareholders won't be pleased to see that the share price has had a very rough month...
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩27,300, the stock trades at a trailing P/E ratio of 58.9x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 5.8% over the past three years.
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 8.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).
분석 기사 • Apr 05Subdued Growth No Barrier To TES Co., Ltd (KOSDAQ:095610) With Shares Advancing 25%TES Co., Ltd ( KOSDAQ:095610 ) shareholders have had their patience rewarded with a 25% share price jump in the last...
분석 기사 • Mar 22Earnings Troubles May Signal Larger Issues for TES (KOSDAQ:095610) ShareholdersTES Co., Ltd's ( KOSDAQ:095610 ) recent weak earnings report didn't cause a big stock movement. We think that investors...
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: ₩89.00 (vs ₩2,601 in FY 2022)Full year 2023 results: EPS: ₩89.00 (down from ₩2,601 in FY 2022). Revenue: ₩146.9b (down 59% from FY 2022). Net income: ₩1.57b (down 97% from FY 2022). Profit margin: 1.1% (down from 13% in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 20Upcoming dividend of ₩500 per share at 2.4% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%).
New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Price Target Changed • Nov 17Price target decreased by 12% to ₩23,000Down from ₩26,250, the current price target is provided by 1 analyst. New target price is 9.5% above last closing price of ₩21,000. Stock is up 14% over the past year. The company posted earnings per share of ₩2,580 last year.
Major Estimate Revision • Sep 28Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩216.3m to ₩184.3m. EPS estimate unchanged from ₩1,304 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 41% next year. Consensus price target down from ₩26,250 to ₩25,500. Share price fell 6.3% to ₩20,200 over the past week.
Major Estimate Revision • Aug 29Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩251.8m to ₩216.3m. EPS estimate unchanged from ₩1,304 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 29% next year. Consensus price target of ₩26,250 unchanged from last update. Share price was steady at ₩19,620 over the past week.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₩23,400, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩43,001 per share.
Buying Opportunity • May 25Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be ₩27,432, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 38%.
Major Estimate Revision • Apr 15Consensus EPS estimates increase by 24%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩251.8m to ₩232.8m. EPS estimate rose from ₩1,053 to ₩1,304. Net income forecast to shrink 45% next year vs 14% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩22,250 to ₩26,250. Share price was steady at ₩22,150 over the past week.
Price Target Changed • Apr 14Price target increased by 17% to ₩26,250Up from ₩22,500, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ₩22,150. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₩1,304 for next year compared to ₩2,580 last year.
Major Estimate Revision • Apr 05Consensus revenue estimates decrease by 27%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩344.4m to ₩251.8m. EPS estimate unchanged from ₩1,053 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at ₩22,250. Share price was steady at ₩21,450 over the past week.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₩20,650, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past three years.
Reported Earnings • Mar 12Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₩2,580 (down from ₩3,936 in FY 2021). Revenue: ₩358.0b (down 4.6% from FY 2021). Net income: ₩46.8b (down 37% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 21Upcoming dividend of ₩560 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%).
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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 • Nov 05Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩376.2m to ₩335.0m. EPS estimate fell from ₩3,143 to ₩2,058 per share. Net income forecast to shrink 8.1% next year vs 23% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩33,333 to ₩25,667. Share price was steady at ₩15,550 over the past week.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ₩627 (vs ₩1,099 in 2Q 2021)Second quarter 2022 results: EPS: ₩627 (down from ₩1,099 in 2Q 2021). Revenue: ₩88.3b (down 15% from 2Q 2021). Net income: ₩11.5b (down 45% from 2Q 2021). Profit margin: 13% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 22Price target decreased to ₩33,333Down from ₩37,000, the current price target is an average from 3 analysts. New target price is 60% above last closing price of ₩20,800. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩3,143 for next year compared to ₩3,936 last year.
공시 • Jul 19TES Co., Ltd (KOSDAQ:A095610) announces an Equity Buyback for KRW 10,000 million worth of its shares.TES Co., Ltd (KOSDAQ:A095610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million wroth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on January 18, 2023. As of July 18, 2022, the company had 1,792,536 shares in treasury within the scope available for dividend and 2,464 shares in treasury through other repurchase.
Reported Earnings • May 18First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ₩819 (down from ₩1,476 in 1Q 2021). Revenue: ₩102.5b (down 34% from 1Q 2021). Net income: ₩15.2b (down 46% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 19%, compared to a 30% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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.
Reported Earnings • Mar 16Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ₩3,936 (up from ₩1,580 in FY 2020). Revenue: ₩375.2b (up 53% from FY 2020). Net income: ₩74.0b (up 147% from FY 2020). Profit margin: 20% (up from 12% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.0%, compared to a 29% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ₩3,024 to ₩3,427. Revenue forecast steady at ₩373.9m. Net income forecast to shrink 2.7% next year vs 46% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩39,200 unchanged from last update. Share price was steady at ₩25,100 over the past week.
Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be ₩34,729, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 25% per annum over the last 3 years.
Upcoming Dividend • Dec 22Upcoming dividend of ₩450 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 06 April 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.9%).
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ₩377 (vs ₩315 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₩55.0b (down 1.3% from 3Q 2020). Net income: ₩7.12b (up 19% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.
공시 • Aug 06TES Co., Ltd (KOSDAQ:A095610) announces an Equity Buyback for KRW 10,000 million worth of its shares.TES Co., Ltd (KOSDAQ:A095610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million wroth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on February 4, 2022. As of August 4, 2021, the company had 876,802 shares in treasury within the scope available for dividend and 2,464 shares in treasury through other repurchase.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ₩1,476 (vs ₩218 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩154.4b (up 162% from 1Q 2020). Net income: ₩27.9b (up ₩23.7b from 1Q 2020). Profit margin: 18% (up from 7.1% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
분석 기사 • May 06Key Things To Watch Out For If You Are After TES Co., Ltd's (KOSDAQ:095610) 1.4% DividendCould TES Co., Ltd ( KOSDAQ:095610 ) be an attractive dividend share to own for the long haul? Investors are often...
분석 기사 • Apr 12Is TES Co., Ltd (KOSDAQ:095610) Potentially Undervalued?While TES Co., Ltd ( KOSDAQ:095610 ) might not be the most widely known stock at the moment, it saw a significant share...
분석 기사 • Mar 29An Intrinsic Calculation For TES Co., Ltd (KOSDAQ:095610) Suggests It's 46% UndervaluedIn this article we are going to estimate the intrinsic value of TES Co., Ltd ( KOSDAQ:095610 ) by taking the expected...
Reported Earnings • Mar 18Full year 2020 earnings released: EPS ₩1,580 (vs ₩508 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩246.0b (up 38% from FY 2019). Net income: ₩30.0b (up 208% from FY 2019). Profit margin: 12% (up from 5.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
분석 기사 • Mar 17These 4 Measures Indicate That TES (KOSDAQ:095610) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Mar 03TES (KOSDAQ:095610) Has Gifted Shareholders With A Fantastic 215% Total Return On Their InvestmentThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
분석 기사 • Feb 18Should We Be Excited About The Trends Of Returns At TES (KOSDAQ:095610)?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Is New 90 Day High Low • Feb 15New 90-day high: ₩32,750The company is up 8.0% from its price of ₩30,300 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩55,665 per share.
분석 기사 • Feb 08Here's What TES Co., Ltd's (KOSDAQ:095610) Shareholder Ownership Structure Looks LikeA look at the shareholders of TES Co., Ltd ( KOSDAQ:095610 ) can tell us which group is most powerful. Insiders often...
분석 기사 • Jan 26Should You Use TES's (KOSDAQ:095610) Statutory Earnings To Analyse It?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...
Is New 90 Day High Low • Jan 26New 90-day high: ₩31,000The company is up 34% from its price of ₩23,150 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 55% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩54,768 per share.
분석 기사 • Jan 15Could TES Co., Ltd (KOSDAQ:095610) Have The Makings Of Another Dividend Aristocrat?Could TES Co., Ltd ( KOSDAQ:095610 ) be an attractive dividend share to own for the long haul? Investors are often...
분석 기사 • Jan 04Do Its Financials Have Any Role To Play In Driving TES Co., Ltd's (KOSDAQ:095610) Stock Up Recently?TES (KOSDAQ:095610) has had a great run on the share market with its stock up by a significant 14% over the last three...
분석 기사 • Dec 24Just Three Days Till TES Co., Ltd (KOSDAQ:095610) Will Be Trading Ex-DividendIt looks like TES Co., Ltd ( KOSDAQ:095610 ) is about to go ex-dividend in the next three days. You can purchase shares...
분석 기사 • Dec 21Calculating The Intrinsic Value Of TES Co., Ltd (KOSDAQ:095610)How far off is TES Co., Ltd ( KOSDAQ:095610 ) from its intrinsic value? Using the most recent financial data, we'll...
분석 기사 • Dec 08Does TES (KOSDAQ:095610) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Nov 27Why TES Co., Ltd (KOSDAQ:095610) Could Be Worth WatchingWhile TES Co., Ltd (KOSDAQ:095610) might not be the most widely known stock at the moment, it saw a significant share...
Price Target Changed • Nov 27Price target raised to ₩33,500Up from ₩30,750, the current price target is an average from 6 analysts. The new target price is 13% above the current share price of ₩29,600. As of last close, the stock is up 42% over the past year.