Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩48,200, the stock trades at a trailing P/E ratio of 15.5x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 294% over the past three years. New Risk • May 15
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩58,000, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 426% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩30,500, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 135% over the past three years. Aankondiging • Mar 13
Global Standard Technology, Limited, Annual General Meeting, Mar 26, 2026 Global Standard Technology, Limited, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 15-13, dongtansandan 6-gil, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩30,300, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩27,300, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩29,300, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 197% over the past three years. New Risk • Dec 22
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 8.3% 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩24,900, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 131% over the past three years. Declared Dividend • Nov 08
Dividend of ₩300 announced Dividend of ₩300 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th April 2026 Dividend yield will be 1.1%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 07
Global Standard Technology, Limited announces Annual dividend, payable on April 27, 2026 Global Standard Technology, Limited announced Annual dividend of KRW 300.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Oct 22
Now 20% undervalued Over the last 90 days, the stock has risen 32% to ₩24,250. The fair value is estimated to be ₩30,354, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.0% in a year. Earnings are forecast to grow by 22% in the next year. Buy Or Sell Opportunity • Aug 18
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to ₩19,200. The fair value is estimated to be ₩24,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Aug 01
Now 23% undervalued Over the last 90 days, the stock has risen 7.1% to ₩18,490. The fair value is estimated to be ₩24,024, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jun 27
Now 20% undervalued Over the last 90 days, the stock has risen 2.9% to ₩19,510. The fair value is estimated to be ₩24,528, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 22
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩2,479 (up from ₩1,980 in FY 2023). Revenue: ₩346.2b (up 24% from FY 2023). Net income: ₩45.4b (up 27% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 13
Global Standard Technology, Limited, Annual General Meeting, Mar 26, 2025 Global Standard Technology, Limited, Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 15-13, dongtansandan 6-gil, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩21,350, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 37% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). New Risk • Dec 16
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 Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Dec 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Dec 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩246.0m (US$175.4k) This is considered a major 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. This is currently the only risk that has been identified for the company. Aankondiging • Nov 07
Global Standard Technology, Limited (KOSDAQ:A083450) announces an Equity Buyback for ¥5,000 million worth of its shares. Global Standard Technology, Limited (KOSDAQ:A083450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its common stock, pursuant to a contract with DAISHIN SECURITIES CO., LTD. The purpose of the program is to stabilize the stock prices, enhance the shareholders’ value. The program will end on May 7, 2025. As of November 6, 2024, the company had 217,230 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩17,130, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩13,770, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 14x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Sep 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (9.7% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Aankondiging • Aug 05
Global Standard Technology, Limited (KOSDAQ:A083450) announces an Equity Buyback for KRW 3,000 million worth of its shares. Global Standard Technology, Limited (KOSDAQ:A083450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with DAISHIN SECURITIES CO., LTD. The purpose of the program is to stabilize the stock prices, enhance the shareholders’ value. The program will end on February 5, 2025. As of August 4, 2024, the company had 17,230 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued Over the last 90 days, the stock has risen 47% to ₩49,000. The fair value is estimated to be ₩61,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₩3,960 (down from ₩5,243 in FY 2022). Revenue: ₩279.2b (down 11% from FY 2022). Net income: ₩35.7b (down 24% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 16% 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 increased by 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩50,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 137% over the past three years. Buy Or Sell Opportunity • Mar 18
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 148% to ₩61,500. The fair value is estimated to be ₩48,878, however this is not to be taken as a sell 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 27%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩48,450, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩34,550, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 73% over the past three years. New Risk • Feb 01
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: 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). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩29,400, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 63% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩31,150, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩854 (vs ₩984 in 1Q 2022) First quarter 2023 results: EPS: ₩854 (down from ₩984 in 1Q 2022). Revenue: ₩68.6b (up 20% from 1Q 2022). Net income: ₩7.70b (down 12% from 1Q 2022). Profit margin: 11% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩28,200, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 156% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: ₩5,243 (up from ₩4,292 in FY 2021). Revenue: ₩312.8b (up 2.7% from FY 2021). Net income: ₩46.8b (up 24% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 27 April 2023. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩1,974 (vs ₩1,192 in 3Q 2021) Third quarter 2022 results: EPS: ₩1,974 (up from ₩1,192 in 3Q 2021). Revenue: ₩97.0b (up 32% from 3Q 2021). Net income: ₩17.7b (up 69% from 3Q 2021). Profit margin: 18% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 37% per year. Price Target Changed • Nov 16
Price target decreased to ₩32,000 Down from ₩40,000, the current price target is provided by 1 analyst. New target price is 37% above last closing price of ₩23,400. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩4,932 for next year compared to ₩4,292 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩18,150, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩20,400, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 247% over the past three years. Reported Earnings • May 20
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ₩984 (down from ₩1,045 in 1Q 2021). Revenue: ₩57.2b (down 15% from 1Q 2021). Net income: ₩8.72b (down 4.9% from 1Q 2021). Profit margin: 15% (up from 14% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 12%, 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 40% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 28 April 2022. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.9%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩1,192 (vs ₩151 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩73.4b (up 104% from 3Q 2020). Net income: ₩10.5b (up ₩9.16b from 3Q 2020). Profit margin: 14% (up from 3.7% 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 37% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 20
First quarter 2021 earnings released: EPS ₩1,045 (vs ₩919 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ₩67.3b (up 41% from 1Q 2020). Net income: ₩9.18b (up 12% from 1Q 2020). Profit margin: 14% (down from 17% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₩25,250, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 174% over the past three years. Is New 90 Day High Low • Mar 16
New 90-day high: ₩21,650 The company is up 29% from a price of ₩16,750 on 16 December 2020. Outperformed the South Korean market which is up 9.0% over the last 90 days. Exceeded the Semiconductor industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 18% share price gain to ₩21,650, the stock trades at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.5x. Average P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 97%. Is New 90 Day High Low • Feb 10
New 90-day high: ₩20,700 The company is up 18% from its price of ₩17,550 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: ₩18,750 The company is up 17% from its price of ₩16,050 on 23 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 49% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩200 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 29th of December. This is the first dividend for Global Standard Technology since going public. The average dividend yield among industry peers is 0.8%. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to ₩18,300, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 90%. Is New 90 Day High Low • Oct 26
New 90-day low: ₩15,200 The company is down 25% from its price of ₩20,150 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is flat over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩16,000 The company is down 16% from its price of ₩19,150 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period.