New Risk • May 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). 공시 • Mar 17
Gaonchips Co., Ltd., Annual General Meeting, Mar 27, 2026 Gaonchips Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 26, geumto-ro 40beon-gil, sujeong-gu, gyeonggi-do, seongnam South Korea New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.1% 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 Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). New Risk • Jul 28
New minor risk - Share price stability The 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: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). New Risk • May 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 8.6% 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: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.5% net profit margin). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩40,600, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total loss to shareholders of 60% over the past year. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩41,550, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 63% over the past year. Price Target Changed • Mar 22
Price target decreased by 48% to ₩65,000 Down from ₩125,000, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ₩49,600. Stock is down 51% over the past year. The company is forecast to post earnings per share of ₩863 for next year compared to ₩552 last year. 공시 • Mar 12
Gaonchips Co., Ltd., Annual General Meeting, Mar 26, 2025 Gaonchips Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 26, geumto-ro 40beon-gil, sujeong-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩39,700, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩35,300, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩33,550, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past year. New Risk • Sep 17
New major risk - Financial data availability The 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 Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩39,650, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩21,788 per share. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩40,750, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 1.9% over the past year. Price Target Changed • Jul 18
Price target decreased by 11% to ₩140,000 Down from ₩156,667, the current price target is an average from 3 analysts. New target price is 121% above last closing price of ₩63,300. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₩781 for next year compared to ₩552 last year. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩552 (vs ₩413 in FY 2022) Full year 2023 results: EPS: ₩552 (up from ₩413 in FY 2022). Revenue: ₩63.6b (up 47% from FY 2022). Net income: ₩6.34b (up 44% from FY 2022). Profit margin: 10.0% (in line with FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩29,300, the stock trades at a trailing P/E ratio of 76.2x. Average trailing P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 8.1% over the past year.