New Risk • Jun 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩32,300, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,953 per share. Price Target Changed • May 03
Price target increased by 11% to ₩36,500 Up from ₩32,857, the current price target is an average from 7 analysts. New target price is 9.3% below last closing price of ₩40,250. Stock is up 180% over the past year. The company is forecast to post earnings per share of ₩644 for next year compared to ₩224 last year. Major Estimate Revision • Apr 24
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩284.9m to ₩289.6m. EPS estimate increased from ₩538 to ₩595 per share. Net income forecast to grow 181% next year vs 78% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩32,857 to ₩33,571. Share price rose 28% to ₩42,300 over the past week. Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₩224 (down from ₩319 in FY 2024). Revenue: ₩232.6b (up 15% from FY 2024). Net income: ₩14.8b (down 30% from FY 2024). Profit margin: 6.3% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Declared Dividend • Feb 14
Dividend of ₩140 announced Dividend of ₩140 is the same as last year. Ex-date: 27th March 2026 Payment date: 1st January 1970 Dividend yield will be 0.5%, which is lower than the industry average of 1.0%. Major Estimate Revision • Feb 04
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩269.5m to ₩283.5m. EPS estimate increased from ₩466 to ₩552 per share. Net income forecast to grow 78% next year vs 50% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩22,200 to ₩27,057. Share price was steady at ₩33,800 over the past week. Price Target Changed • Jan 06
Price target increased by 12% to ₩22,200 Up from ₩19,783, the current price target is an average from 7 analysts. New target price is 14% below last closing price of ₩25,800. Stock is up 191% over the past year. The company is forecast to post earnings per share of ₩173 for next year compared to ₩319 last year. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩219.4m to ₩224.6m. EPS estimate fell from ₩243 to ₩188 per share. Net income forecast to grow 355% next year vs 39% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩17,683 to ₩19,783. Share price rose 11% to ₩18,530 over the past week. Price Target Changed • Nov 07
Price target increased by 12% to ₩19,783 Up from ₩17,683, the current price target is an average from 6 analysts. New target price is 6.8% above last closing price of ₩18,530. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₩188 for next year compared to ₩319 last year. New Risk • Nov 06
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 8.9% 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 Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Aankondiging • Oct 04
Koh Young to Showcase Next Gen Navigation Neurosurgical Robot at CNS Innovation Symposium Koh Young Technology announced it will present its FDA-cleared navigated neurosurgical positioning robot, Geniant®? Cranial at the upcoming Congress of Neurological Surgeons (CNS) "Special Symposium: Transforming Neurosurgery through Technology," taking place on October 12, 2025. The special symposium showcases cutting-edge neurosurgical technology innovations across the complete development spectrum, featuring four distinct sections: pre-submission medical devices in early development, medical devices currently under FDA evaluation, FDA-cleared medical devices focused on clinical adoption and market integration, and established medical devices with continued innovation. Koh Young will present in the FDA-cleared medical devices section, highlighting how Geniant Cranial--ready for immediate hospital adoption--can help advance surgical outcomes and operational efficiency in stereotactic neurosurgical procedures. Geniant Cranial received FDA clearance in January 2025. The stereotactic robotic guidance system is an upgraded version of its predecessor KYMERO, which received South Korean regulatory approval in 2016 and has been used in over 600 neurosurgical procedures--including epilepsy, Parkinson's disease, brain tumors, and other complex neurosurgical conditions. KYMERO was launched and marketed exclusively in South Korea. Geniant Cranial builds on KYMERO's proven core technology for clinical accuracy and safety, with added capabilities including enhanced user experience, improved ease of operation, expanded patient positioning flexibility, and greater accuracy compared to its predecessor, according to a Koh Young representative. New Risk • Aug 27
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: 2.4% Last year net profit margin: 9.4% 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩231.5m to ₩218.3m. EPS estimate also fell from ₩356 per share to ₩274 per share. Net income forecast to grow 28% next year vs 21% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩16,660 to ₩17,060. Share price rose 8.2% to ₩15,190 over the past week. Price Target Changed • May 16
Price target increased by 14% to ₩16,217 Up from ₩14,217, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₩18,200. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₩380 for next year compared to ₩319 last year. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩17,400, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 8.5% over the past three years. Major Estimate Revision • May 08
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩233.8m to ₩224.5m. EPS estimate rose from ₩312 to ₩380. Net income forecast to grow 33% next year vs 19% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩14,333. Share price rose 26% to ₩17,400 over the past week. Reported Earnings • Mar 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩319 (down from ₩328 in FY 2023). Revenue: ₩202.5b (down 10% from FY 2023). Net income: ₩21.0b (down 4.2% from FY 2023). Profit margin: 10% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 39%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Aankondiging • Feb 14
Koh Young Technology Inc., Annual General Meeting, Mar 31, 2025 Koh Young Technology Inc., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 18, poeun-daero 59beon-gil, suji-gu, gyeonggi-do, yongin South Korea Major Estimate Revision • Feb 12
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩238.1m to ₩233.8m. EPS estimate also fell from ₩350 per share to ₩299 per share. Net income forecast to grow 103% next year vs 67% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩12,050 to ₩14,217. Share price rose 5.9% to ₩18,760 over the past week. New Risk • Jan 20
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 11% 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 • Jan 20
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩12,220, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,081 per share. Buy Or Sell Opportunity • Jan 02
Now 26% overvalued Over the last 90 days, the stock has fallen 16% to ₩8,890. The fair value is estimated to be ₩7,073, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 158% in the next 2 years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩140 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). Buy Or Sell Opportunity • Dec 11
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to ₩8,390. The fair value is estimated to be ₩6,954, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 181% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩8,970, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 52% over the past three years. Price Target Changed • Nov 05
Price target decreased by 12% to ₩13,467 Down from ₩15,250, the current price target is an average from 6 analysts. New target price is 28% above last closing price of ₩10,500. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₩239 for next year compared to ₩328 last year. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩237.7m to ₩234.5m. EPS estimate also fell from ₩415 per share to ₩373 per share. Net income forecast to grow 53% next year vs 62% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩15,250 to ₩14,583. Share price rose 8.7% to ₩11,000 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩9,710, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,667 per share. Price Target Changed • Jul 22
Price target decreased by 7.7% to ₩16,083 Down from ₩17,417, the current price target is an average from 6 analysts. New target price is 28% above last closing price of ₩12,610. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₩441 for next year compared to ₩328 last year. Buy Or Sell Opportunity • Jul 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to ₩13,110. The fair value is estimated to be ₩16,390, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 181% in the next 2 years. New Risk • May 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Profit margins are more than 30% lower than last year (7.8% net profit margin). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩328 (vs ₩584 in FY 2022) Full year 2023 results: EPS: ₩328 (down from ₩584 in FY 2022). Revenue: ₩225.6b (down 18% from FY 2022). Net income: ₩21.9b (down 44% from FY 2022). Profit margin: 9.7% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% 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 increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 05
Price target increased by 8.1% to ₩15,500 Up from ₩14,333, the current price target is an average from 6 analysts. New target price is 9.9% below last closing price of ₩17,200. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of ₩331 for next year compared to ₩584 last year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩140 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩13,490, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,804 per share. New Risk • Nov 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 8.7% 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 (8.7% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Price Target Changed • Oct 24
Price target decreased by 12% to ₩14,933 Down from ₩16,933, the current price target is an average from 6 analysts. New target price is 27% above last closing price of ₩11,780. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of ₩294 for next year compared to ₩584 last year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩10,900, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,416 per share. Major Estimate Revision • Oct 20
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩249.7m to ₩240.4m. EPS estimate also fell from ₩457 per share to ₩410 per share. Net income forecast to grow 3.2% next year vs 34% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩16,933 to ₩16,100. Share price rose 3.4% to ₩14,130 over the past week. Aankondiging • Sep 27
Koh Young Technology Inc. (KOSDAQ:A098460) announces an Equity Buyback for KRW 20,000 million worth of its shares. Koh Young Technology Inc. (KOSDAQ:A098460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of its shares according to the contract with Shinhan Investment Corp. The purpose of the program is securing stock grant resources, stabilizing stock prices and enhancing shareholder value. The program will continue through March 25, 2024. As of September 24, 2023, the company had 1,630,441 shares in treasury within scope available for dividend and had no shares in treasury under other capacities. New Risk • Aug 26
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: 12% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩12,960, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩11,249 per share. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩16,770, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,985 per share. Reported Earnings • Mar 18
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₩584 (down from ₩586 in FY 2021). Revenue: ₩275.4b (up 11% from FY 2021). Net income: ₩39.3b (flat on FY 2021). Profit margin: 14% (down from 16% 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 22%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₩16,000, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,688 per share. Upcoming Dividend • Dec 21
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jungho Kim was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₩13,850, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,676 per share. Aankondiging • Jul 27
Koh Young Technology Inc. (KOSDAQ:A098460) announces an Equity Buyback for KRW 10,000 million worth of its shares. Koh Young Technology Inc. (KOSDAQ:A098460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares according to the contract with Shinhan Investment Corp. The purpose of the program is securing stock grant resources, stabilizing stock prices and enhancing shareholder value. The program will continue through July 25, 2023. As of July 25, 2022, the company had 1,630,441 and 0 treasury stock holdings within the scope of allotment Acquisition Co., Ltd. and Other Acquisition Co., Ltd., respectively. Price Target Changed • Jul 19
Price target decreased to ₩20,625 Down from ₩24,700, the current price target is an average from 8 analysts. New target price is 50% above last closing price of ₩13,750. Stock is down 43% over the past year. The company is forecast to post earnings per share of ₩627 for next year compared to ₩586 last year. Buying Opportunity • May 12
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₩21,683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jungho Kim was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ₩586 (up from ₩136 in FY 2020). Revenue: ₩247.3b (up 38% from FY 2020). Net income: ₩39.6b (up 332% from FY 2020). Profit margin: 16% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 22
Upcoming dividend of ₩110 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.9%). Price Target Changed • May 19
Price target increased to ₩30,288 Up from ₩26,386, the current price target is an average from 8 analysts. New target price is 19% above last closing price of ₩25,450. Stock is up 42% over the past year. Price Target Changed • Apr 15
Price target increased to ₩25,562 Up from ₩23,156, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₩25,900. Stock is up 64% over the past year. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₩678 (vs ₩2,192 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩179.5b (down 19% from FY 2019). Net income: ₩9.16b (down 69% from FY 2019). Profit margin: 5.1% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Jan 26
Price target raised to ₩113,780 Up from ₩103,380, the current price target is an average from 9 analysts. The new target price is close to the current share price of ₩119,200. As of last close, the stock is up 27% over the past year. Is New 90 Day High Low • Jan 13
New 90-day high: ₩122,600 The company is up 38% from its price of ₩89,000 on 15 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩27,459 per share. Is New 90 Day High Low • Dec 28
New 90-day high: ₩104,500 The company is up 17% from its price of ₩89,500 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩27,978 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩550 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.6% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.8%). Is New 90 Day High Low • Dec 11
New 90-day high: ₩97,700 The company is up 12% from its price of ₩87,000 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩28,003 per share. Is New 90 Day High Low • Oct 22
New 90-day low: ₩82,600 The company is down 13% from its price of ₩95,300 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩20,573 per share. Major Estimate Revision • Oct 20
Analysts lower EPS estimates to ₩1,619 The 2020 consensus revenue estimate was lowered from ₩195.4m to ₩185.0m. Earning per share (EPS) estimate was also lowered from ₩1,811 to ₩1,619 for the same period. Net income is expected to grow by 37% next year compared to 83% growth forecast for the Semiconductor industry in South Korea. The consensus price target increased from ₩104,450 to ₩104,880. Share price stayed mostly flat at ₩88,000 over the past week.