BCnC (A146320) 주식 개요비씨엔씨는 국내 및 해외에서 반도체 부품을 제조 및 판매하는 기업입니다. 자세히 보기A146320 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장4/6과거 실적2/6재무 건전성2/6배당0/6강점수익은 매년 84.52% 증가할 것으로 예상됩니다.올해부터 흑자전환위험 분석이자 지급액이 수익으로 잘 충당되지 않음모든 위험 점검 보기A146320 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₩Current Price₩17.94k24.4% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b212b2016201920222025202620282031Revenue ₩212.4bEarnings ₩2.8bAdvancedSet Fair ValueView all narrativesBCnC Co., Ltd. 경쟁사TeraView HoldingsSymbol: KOSDAQ:A950250Market cap: ₩218.4bC&G Hi TechSymbol: KOSDAQ:A264660Market cap: ₩214.8bDEVICELtdSymbol: KOSDAQ:A187870Market cap: ₩285.8bJustemSymbol: KOSDAQ:A417840Market cap: ₩317.4b가격 이력 및 성과BCnC 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₩17,940.0052주 최고가₩19,050.0052주 최저가₩7,910.00베타1.191개월 변동33.09%3개월 변동16.87%1년 변동127.09%3년 변동16.49%5년 변동n/aIPO 이후 변동-20.62%최근 뉴스 및 업데이트Reported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.공지 • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea분석 기사 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...분석 기사 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).더 많은 업데이트 보기Recent updatesReported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.공지 • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea분석 기사 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...분석 기사 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).분석 기사 • Oct 26Is BCnC (KOSDAQ:146320) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Sep 19BCnC Co., Ltd. (KOSDAQ:146320) Looks Just Right With A 34% Price JumpBCnC Co., Ltd. ( KOSDAQ:146320 ) shares have continued their recent momentum with a 34% gain in the last month alone...New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 47% per year over the past 5 years.분석 기사 • Jul 16BCnC (KOSDAQ:146320) Is Making Moderate Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 10% to ₩8,900. The fair value is estimated to be ₩11,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.분석 기사 • Mar 28Estimating The Intrinsic Value Of BCnC Co., Ltd. (KOSDAQ:146320)Key Insights BCnC's estimated fair value is ₩11,185 based on 2 Stage Free Cash Flow to Equity BCnC's ₩9,430 share price...Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ₩179 loss per share (down from ₩101 profit in FY 2023). Revenue: ₩77.4b (up 19% from FY 2023). Net loss: ₩2.28b (down 284% from profit in FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩131.5b market cap, or US$90.0m).공지 • Feb 26BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 263, gyeongchung-daero 2697beon-gil, gyeonggi-do, icheon South Korea공지 • Feb 21BCnC Co., Ltd. announced that it expects to receive KRW 15 million in fundingBCnC Co., Ltd. announced a private placement of series 4 non-guaranteed Bearer-type interest-free unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on February 20, 2025. The transaction will include participation from Woori 2022 Scale Up Fund. The bonds will mature on February 25, 2028. The bonds will be 100% converted into 1,217,532 common shares at a fixed conversion price of KRW 12,320 per share for an equity stake of 8.69%. The conversion period is from February 25, 2026 to January 25, 2026. The payment date of the transaction is February 25, 2025. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.분석 기사 • Feb 04BCnC (KOSDAQ:146320) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Jan 08Revenues Not Telling The Story For BCnC Co., Ltd. (KOSDAQ:146320) After Shares Rise 26%Those holding BCnC Co., Ltd. ( KOSDAQ:146320 ) shares would be relieved that the share price has rebounded 26% in the...분석 기사 • Dec 02BCnC (KOSDAQ:146320) Use Of Debt Could Be Considered RiskyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩9,970, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past year.New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩139.7b market cap, or US$100.0m).Price Target Changed • Nov 09Price target decreased by 19% to ₩20,167Down from ₩25,000, the current price target is an average from 3 analysts. New target price is 70% above last closing price of ₩11,850. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩307 for next year compared to ₩97.91 last year.분석 기사 • Oct 30Returns On Capital At BCnC (KOSDAQ:146320) Paint A Concerning PictureIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...분석 기사 • Oct 10Subdued Growth No Barrier To BCnC Co., Ltd. (KOSDAQ:146320) With Shares Advancing 28%BCnC Co., Ltd. ( KOSDAQ:146320 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...New Risk • Sep 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).분석 기사 • Sep 04Is BCnC Co., Ltd. (KOSDAQ:146320) Trading At A 50% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, BCnC fair value estimate is ₩26,023 BCnC's ₩13,020 share price...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩12,530, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 27% over the past year.분석 기사 • Jul 18Capital Allocation Trends At BCnC (KOSDAQ:146320) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...분석 기사 • May 29BCnC's (KOSDAQ:146320) Problems Go Beyond Poor ProfitBCnC Co., Ltd.'s ( KOSDAQ:146320 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some...Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩101 (vs ₩851 in FY 2022)Full year 2023 results: EPS: ₩101 (down from ₩851 in FY 2022). Revenue: ₩65.3b (down 20% from FY 2022). Net income: ₩1.24b (down 88% from FY 2022). Profit margin: 1.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue.분석 기사 • Mar 14Is BCnC (KOSDAQ:146320) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩20,900, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 27% over the past year.New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩23,300, the stock trades at a trailing P/E ratio of 36.4x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past year.Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₩21,700, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at ₩11,531 per share.Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ₩21,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩15,250, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 6x in the Semiconductor industry in South Korea. Simply Wall St's valuation model estimates the intrinsic value at ₩11,347 per share.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩17,000, the stock trades at a trailing P/E ratio of 31.4x. Average forward P/E is 9x in the Semiconductor industry in South Korea.주주 수익률A146320KR SemiconductorKR 시장7D0.5%26.6%12.5%1Y127.1%606.2%176.4%전체 주주 수익률 보기수익률 대 산업: A146320은 지난 1년 동안 606.2%의 수익을 기록한 KR Semiconductor 산업보다 저조한 성과를 냈습니다.수익률 대 시장: A146320은 지난 1년 동안 176.4%를 기록한 KR 시장보다 저조한 성과를 냈습니다.주가 변동성Is A146320's price volatile compared to industry and market?A146320 volatilityA146320 Average Weekly Movement11.3%Semiconductor Industry Average Movement13.4%Market Average Movement9.1%10% most volatile stocks in KR Market16.2%10% least volatile stocks in KR Market4.7%안정적인 주가: A146320는 지난 3개월 동안 KR 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: A146320의 주간 변동성(11%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2003303Don-han Kimwww.bcnc.co.kr비씨엔씨는 국내 및 해외에서 반도체 부품을 제조 및 판매하는 회사입니다. 합성 및 천연 석영, 실리콘, 세라믹, 알루미나 등의 소재를 사용하여 반도체용 부품을 제공합니다. 이 회사는 2003년에 설립되었으며 대한민국 이천시에 본사를 두고 있습니다.더 보기BCnC Co., Ltd. 기초 지표 요약BCnC의 순이익과 매출은 시가총액과 어떻게 비교됩니까?A146320 기초 통계시가총액₩227.85b순이익 (TTM)₩1.15b매출 (TTM)₩87.58b198.3x주가수익비율(P/E)2.6x주가매출비율(P/S)A146320는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표A146320 손익계산서 (TTM)매출₩87.58b매출원가₩71.31b총이익₩16.27b기타 비용₩15.12b순이익₩1.15b최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)90.46총이익률18.58%순이익률1.31%부채/자본 비율106.5%A146320의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/09 09:40종가2026/05/08 00:00수익2025/12/31연간 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 소스BCnC Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yeong-Min KoDAOL Investment & Securities Co., Ltd.So Jeong YimEugene Investment & Securities Co Ltd.Kang Ho OhShinhan Investment Corp.
Reported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
공지 • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea
분석 기사 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
분석 기사 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...
New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).
New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
Reported Earnings • Mar 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩90.00 (up from ₩180 loss in FY 2024). Revenue: ₩87.6b (up 13% from FY 2024). Net income: ₩1.15b (up ₩3.43b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
공지 • Mar 06BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026BCnC Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 1119, iseopdaecheon-ro, gyeonggi-do, icheon South Korea
분석 기사 • Jan 29The Returns On Capital At BCnC (KOSDAQ:146320) Don't Inspire ConfidenceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
분석 기사 • Jan 02Investor Optimism Abounds BCnC Co., Ltd. (KOSDAQ:146320) But Growth Is LackingBCnC Co., Ltd.'s ( KOSDAQ:146320 ) price-to-sales (or "P/S") ratio of 2.2x may not look like an appealing investment...
New Risk • Nov 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩145.8b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩145.8b market cap, or US$98.7m).
New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
분석 기사 • Oct 26Is BCnC (KOSDAQ:146320) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Sep 19BCnC Co., Ltd. (KOSDAQ:146320) Looks Just Right With A 34% Price JumpBCnC Co., Ltd. ( KOSDAQ:146320 ) shares have continued their recent momentum with a 34% gain in the last month alone...
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 47% per year over the past 5 years.
분석 기사 • Jul 16BCnC (KOSDAQ:146320) Is Making Moderate Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Buy Or Sell Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock has risen 10% to ₩8,900. The fair value is estimated to be ₩11,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
분석 기사 • Mar 28Estimating The Intrinsic Value Of BCnC Co., Ltd. (KOSDAQ:146320)Key Insights BCnC's estimated fair value is ₩11,185 based on 2 Stage Free Cash Flow to Equity BCnC's ₩9,430 share price...
Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ₩179 loss per share (down from ₩101 profit in FY 2023). Revenue: ₩77.4b (up 19% from FY 2023). Net loss: ₩2.28b (down 284% from profit in FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩131.5b market cap, or US$90.0m).
공지 • Feb 26BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025BCnC Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 263, gyeongchung-daero 2697beon-gil, gyeonggi-do, icheon South Korea
공지 • Feb 21BCnC Co., Ltd. announced that it expects to receive KRW 15 million in fundingBCnC Co., Ltd. announced a private placement of series 4 non-guaranteed Bearer-type interest-free unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on February 20, 2025. The transaction will include participation from Woori 2022 Scale Up Fund. The bonds will mature on February 25, 2028. The bonds will be 100% converted into 1,217,532 common shares at a fixed conversion price of KRW 12,320 per share for an equity stake of 8.69%. The conversion period is from February 25, 2026 to January 25, 2026. The payment date of the transaction is February 25, 2025. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.
분석 기사 • Feb 04BCnC (KOSDAQ:146320) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Jan 08Revenues Not Telling The Story For BCnC Co., Ltd. (KOSDAQ:146320) After Shares Rise 26%Those holding BCnC Co., Ltd. ( KOSDAQ:146320 ) shares would be relieved that the share price has rebounded 26% in the...
분석 기사 • Dec 02BCnC (KOSDAQ:146320) Use Of Debt Could Be Considered RiskyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩9,970, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 50% over the past year.
New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩139.7b market cap, or US$100.0m).
Price Target Changed • Nov 09Price target decreased by 19% to ₩20,167Down from ₩25,000, the current price target is an average from 3 analysts. New target price is 70% above last closing price of ₩11,850. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩307 for next year compared to ₩97.91 last year.
분석 기사 • Oct 30Returns On Capital At BCnC (KOSDAQ:146320) Paint A Concerning PictureIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
분석 기사 • Oct 10Subdued Growth No Barrier To BCnC Co., Ltd. (KOSDAQ:146320) With Shares Advancing 28%BCnC Co., Ltd. ( KOSDAQ:146320 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...
New Risk • Sep 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).
분석 기사 • Sep 04Is BCnC Co., Ltd. (KOSDAQ:146320) Trading At A 50% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, BCnC fair value estimate is ₩26,023 BCnC's ₩13,020 share price...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩12,530, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 27% over the past year.
분석 기사 • Jul 18Capital Allocation Trends At BCnC (KOSDAQ:146320) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
분석 기사 • May 29BCnC's (KOSDAQ:146320) Problems Go Beyond Poor ProfitBCnC Co., Ltd.'s ( KOSDAQ:146320 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some...
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩101 (vs ₩851 in FY 2022)Full year 2023 results: EPS: ₩101 (down from ₩851 in FY 2022). Revenue: ₩65.3b (down 20% from FY 2022). Net income: ₩1.24b (down 88% from FY 2022). Profit margin: 1.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue.
분석 기사 • Mar 14Is BCnC (KOSDAQ:146320) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩20,900, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 27% over the past year.
New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩23,300, the stock trades at a trailing P/E ratio of 36.4x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 39% over the past year.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₩21,700, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at ₩11,531 per share.
Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ₩21,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩15,250, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 6x in the Semiconductor industry in South Korea. Simply Wall St's valuation model estimates the intrinsic value at ₩11,347 per share.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩17,000, the stock trades at a trailing P/E ratio of 31.4x. Average forward P/E is 9x in the Semiconductor industry in South Korea.
