Aankondiging • Mar 17
SFA Semicon Co., Ltd., Annual General Meeting, Mar 31, 2026 SFA Semicon Co., Ltd., Annual General Meeting, Mar 31, 2026, at 14:30 Tokyo Standard Time. Location: auditorium, 16, baekseokgongdan 7-ro, seobuk-gu, chungcheongnam-do, cheonan South Korea New Risk • Nov 21
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 8.2% 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 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩30.00 loss per share (vs ₩22.41 profit in 3Q 2024) Third quarter 2025 results: ₩30.00 loss per share (down from ₩22.41 profit in 3Q 2024). Revenue: ₩96.5b (up 1.5% from 3Q 2024). Net loss: ₩4.97b (down 236% from profit in 3Q 2024). 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. New Risk • Jul 22
New major risk - Revenue and earnings growth Earnings have declined by 29% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₩52.28 (up from ₩61.00 loss in FY 2023). Revenue: ₩400.5b (down 3.9% from FY 2023). Net income: ₩9.30b (up ₩19.3b from FY 2023). Profit margin: 2.3% (up from net loss in FY 2023). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 48%. Revenue is forecast to grow 20% 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, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 14
SFA Semicon Co., Ltd., Annual General Meeting, Mar 31, 2025 SFA Semicon Co., Ltd., Annual General Meeting, Mar 31, 2025, at 15:00 Tokyo Standard Time. Location: auditorium, 16, baekseokgongdan 7-ro, seobuk-gu, chungcheongnam-do, cheonan South Korea Major Estimate Revision • Dec 25
Consensus EPS estimates increase by 1,567%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₩446.5m to ₩430.5m. EPS estimate rose from ₩3.00 to ₩50.00. Net income forecast to grow 334% next year vs 73% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩6,000 unchanged from last update. Share price fell 3.4% to ₩3,150 over the past week. New Risk • Dec 09
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. This is currently the only risk that has been identified for the company. Aankondiging • Aug 23
SFA Semicon Co., Ltd. (KOSDAQ:A036540) signed a letter of intent to acquire remaining 10.02% stake in SFA Semicon Philippines Corporation (PSE:SSP) for Approximately PHP 450 million. SFA Semicon Co., Ltd. (KOSDAQ:A036540) signed a letter of intent to acquire remaining 10.02% stake in SFA Semicon Philippines Corporation (PSE:SSP) for Approximately PHP 450 million in a tender offer transaction on August 21, 2024. A cash consideration valued at PHP 2.22 per share will be paid by SFA Semicon Co., Ltd. Upon completion, SFA Semicon Co., Ltd. will own 100% stake in SFA Semicon Philippines Corporation.
The transaction is already approved by SFA Semicon Philippines Corporation's board of director's and approval of offer by target shareholders. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩8.00 (vs ₩13.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩8.00 (down from ₩13.00 in 2Q 2023). Revenue: ₩111.4b (down 13% from 2Q 2023). Net income: ₩1.27b (down 40% from 2Q 2023). Profit margin: 1.1% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 29
Consensus EPS estimates increase by 84% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩550.0m to ₩565.0m. EPS estimate increased from ₩93.00 to ₩171 per share. Net income forecast to grow 410% next year vs 73% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩8,300 unchanged from last update. Share price fell 3.4% to ₩5,610 over the past week. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩109 (vs ₩8.00 loss in 1Q 2023) First quarter 2024 results: EPS: ₩109 (up from ₩8.00 loss in 1Q 2023). Revenue: ₩122.1b (up 4.1% from 1Q 2023). Net income: ₩17.9b (up ₩19.3b from 1Q 2023). Profit margin: 15% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 16
Full year 2023 earnings released: ₩78.00 loss per share (vs ₩262 profit in FY 2022) Full year 2023 results: ₩78.00 loss per share (down from ₩262 profit in FY 2022). Revenue: ₩437.6b (down 37% from FY 2022). Net loss: ₩12.7b (down 130% from profit in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 02
Price target increased by 19% to ₩8,300 Up from ₩6,967, the current price target is provided by 1 analyst. New target price is 39% above last closing price of ₩5,980. Stock is up 44% over the past year. The company is forecast to post a net loss per share of ₩99.00 compared to earnings per share of ₩262 last year. New Risk • Dec 12
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 9.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,800, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 4.5% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩4,855, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 25% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₩262 (down from ₩322 in FY 2021). Revenue: ₩699.4b (up 9.1% from FY 2021). Net income: ₩42.9b (down 19% from FY 2021). Profit margin: 6.1% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to ₩7,850 Down from ₩8,600, the current price target is an average from 2 analysts. New target price is 64% above last closing price of ₩4,775. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₩361 for next year compared to ₩322 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (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 • Oct 27
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩741.0m to ₩703.0m. EPS estimate also fell from ₩457 per share to ₩361 per share. Net income forecast to grow 11% next year vs 26% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩8,600 to ₩7,850. Share price rose 4.6% to ₩4,510 over the past week. Price Target Changed • Apr 27
Price target decreased to ₩9,350 Down from ₩12,000, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ₩6,560. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₩511 for next year compared to ₩322 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (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 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩322 (up from ₩102 in FY 2020). Revenue: ₩641.1b (up 12% from FY 2020). Net income: ₩52.8b (up 223% from FY 2020). Profit margin: 8.2% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 25% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,370, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 315% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩102 (vs ₩30.00 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩167.6b (up 21% from 3Q 2020). Net income: ₩16.8b (up 279% from 3Q 2020). Profit margin: 10.0% (up from 3.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₩102 (vs ₩146 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩573.1b (down 2.7% from FY 2019). Net income: ₩16.3b (down 21% from FY 2019). Profit margin: 2.9% (down from 3.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 15
New 90-day high: ₩8,910 The company is up 67% from its price of ₩5,330 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 29% share price gain to ₩7,330, the stock is trading at a trailing P/E ratio of 72.4x, up from the previous P/E ratio of 56.3x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 184%. Is New 90 Day High Low • Jan 25
New 90-day high: ₩6,100 The company is up 25% from its price of ₩4,880 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 50% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₩5,520 The company is up 4.0% from its price of ₩5,330 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period.