New Risk • Jul 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jun 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to ₩46,550. The fair value is estimated to be ₩58,613, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 21
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: ₩240 loss per share (down from ₩3,748 profit in FY 2024). Revenue: ₩66.9b (down 41% from FY 2024). Net loss: ₩2.46b (down 106% from profit in FY 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 55% 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, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Mar 10
NEXTIN, Inc., Annual General Meeting, Mar 24, 2026 NEXTIN, Inc., Annual General Meeting, Mar 24, 2026, at 15:00 Tokyo Standard Time. Location: conference room, 199, nojak-ro, gyeonggi-do, hwaseong South Korea Price Target Changed • Feb 02
Price target increased by 16% to ₩89,750 Up from ₩77,250, the current price target is an average from 4 analysts. New target price is 5.6% above last closing price of ₩85,000. Stock is up 57% over the past year. The company is forecast to post a net loss per share of ₩70.50 compared to earnings per share of ₩3,748 last year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩86,300, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 77% over the past three years. Major Estimate Revision • Jan 21
Consensus EPS estimates upgraded to ₩70.50 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩64.0m to ₩62.7m. 2025 losses expected to reduce from -₩106 to -₩70.50 per share. Semiconductor industry in South Korea expected to see average net income growth of 51% next year. Consensus price target up from ₩77,250 to ₩80,500. Share price rose 3.2% to ₩74,400 over the past week. Declared Dividend • Dec 26
Dividend increased to ₩510 Dividend of ₩510 is 2.0% higher than last year. Ex-date: 29th December 2025 Payment date: 1st January 1970 Dividend yield will be 0.7%, which is lower than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 4 years and payments have been stable during that time. EPS is expected to grow by 246% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩70,000, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 38% over the past three years. New Risk • Nov 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩60,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩47,950 per share. Buy Or Sell Opportunity • Oct 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₩58,600. The fair value is estimated to be ₩47,892, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 117% in the next 2 years. Major Estimate Revision • Aug 25
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩121.2m to ₩94.0m. EPS estimate fell from ₩2,717 to ₩870 per share. Net income forecast to shrink 26% next year vs 24% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩83,775 to ₩77,250. Share price fell 8.0% to ₩42,050 over the past week. Price Target Changed • Aug 22
Price target decreased by 7.8% to ₩77,250 Down from ₩83,775, the current price target is an average from 4 analysts. New target price is 84% above last closing price of ₩42,000. Stock is down 17% over the past year. The company posted earnings per share of ₩3,748 last year. Price Target Changed • Aug 15
Price target decreased by 7.3% to ₩79,750 Down from ₩86,025, the current price target is an average from 4 analysts. New target price is 68% above last closing price of ₩47,400. Stock is down 8.5% over the past year. The company is forecast to post earnings per share of ₩2,717 for next year compared to ₩3,748 last year. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₩50,200. The fair value is estimated to be ₩62,886, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 6.3%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 136% in the next 2 years. Major Estimate Revision • Jun 19
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩131.0m to ₩108.1m. EPS estimate fell from ₩3,907 to ₩2,717 per share. Net income forecast to grow 32% next year vs 13% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩86,025 to ₩83,775. Share price fell 3.9% to ₩51,800 over the past week. Reported Earnings • Mar 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩3,748 (up from ₩3,088 in FY 2023). Revenue: ₩113.7b (up 29% from FY 2023). Net income: ₩38.4b (up 24% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 21% 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, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩59,700, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩62,228 per share. Aankondiging • Mar 08
NEXTIN, Inc., Annual General Meeting, Mar 24, 2025 NEXTIN, Inc., Annual General Meeting, Mar 24, 2025, at 16:00 Tokyo Standard Time. Location: conference room, 199, nojak-ro, gyeonggi-do, hwaseong South Korea Buy Or Sell Opportunity • Feb 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to ₩49,900. The fair value is estimated to be ₩65,220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Feb 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₩54,300. The fair value is estimated to be ₩69,749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩59,500, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 4.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩68,742 per share. Buy Or Sell Opportunity • Dec 06
Now 24% undervalued Over the last 90 days, the stock has risen 24% to ₩51,500. The fair value is estimated to be ₩67,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩45,000, 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 loss to shareholders of 23% over the past three years. Major Estimate Revision • Jun 28
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩110.4m to ₩108.4m. EPS estimate also fell from ₩4,343 per share to ₩3,843 per share. Net income forecast to grow 17% next year vs 73% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩95,667 unchanged from last update. Share price fell 5.7% to ₩66,300 over the past week. Major Estimate Revision • Jun 19
Consensus revenue estimates decrease by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₩136.7m to ₩110.4m. EPS estimate unchanged from ₩4,343 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 68% next year. Consensus price target of ₩95,667 unchanged from last update. Share price rose 2.7% to ₩69,000 over the past week. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩1,444 (vs ₩748 in 1Q 2023) First quarter 2024 results: EPS: ₩1,444 (up from ₩748 in 1Q 2023). Revenue: ₩34.2b (up 85% from 1Q 2023). Net income: ₩14.7b (up 99% from 1Q 2023). Profit margin: 43% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₩3,088 (down from ₩4,433 in FY 2022). Revenue: ₩87.9b (down 24% from FY 2022). Net income: ₩30.9b (down 29% from FY 2022). Profit margin: 35% (down from 38% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 20% p.a. on average during the next 3 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 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.0%). Major Estimate Revision • Nov 16
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩112.9m to ₩89.7m. EPS estimate fell from ₩4,159 to ₩3,080 per share. Net income forecast to grow 5.2% next year vs 12% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩96,667. Share price rose 3.3% to ₩61,900 over the past week. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩66,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩29,778 per share. Major Estimate Revision • Sep 15
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩128.1m to ₩119.4m. EPS estimate also fell from ₩5,138 per share to ₩4,588 per share. Net income forecast to grow 30% next year vs 41% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩92,500 unchanged from last update. Share price fell 7.7% to ₩74,600 over the past week. Price Target Changed • Aug 02
Price target increased by 8.2% to ₩87,667 Up from ₩81,000, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩83,800. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₩5,392 for next year compared to ₩4,433 last year. Major Estimate Revision • Jun 16
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩117.7m to ₩122.9m. EPS estimate fell from ₩5,809 to ₩5,011 per share. Net income forecast to grow 21% next year vs 14% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩81,000 to ₩83,200. Share price rose 3.8% to ₩79,000 over the past week. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩75,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 8.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩37,584 per share. Major Estimate Revision • May 24
Consensus revenue estimates decrease by 20% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩142.0m to ₩113.5m. EPS estimate unchanged from ₩6,090 per share at last update. Semiconductor industry in South Korea expected to see average net income growth of 18% next year. Consensus price target of ₩82,500 unchanged from last update. Share price rose 6.9% to ₩64,900 over the past week. Price Target Changed • Apr 20
Price target increased by 8.0% to ₩80,750 Up from ₩74,750, the current price target is an average from 4 analysts. New target price is 22% above last closing price of ₩66,100. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩8,351 for next year compared to ₩4,433 last year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Buying Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₩62,755, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has grown by 41%. Revenue is forecast to grow by 138% in 2 years. Earnings is forecast to grow by 144% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₩54,200, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total returns to shareholders of 8.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩62,378 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩61,300, the stock trades at a trailing P/E ratio of 27.8x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total loss to shareholders of 10% over the past year. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₩79,900, the stock is trading at a trailing P/E ratio of 65.8x, up from the previous P/E ratio of 56.9x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Is New 90 Day High Low • Feb 25
New 90-day high: ₩75,000 The company is up 134% from its price of ₩32,000 on 27 November 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 27% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: ₩64,800 The company is up 137% from its price of ₩27,333 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 41% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 22% share price gain to ₩64,800, the stock is trading at a trailing P/E ratio of 53.4x, up from the previous P/E ratio of 43.8x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 68% share price decline to ₩57,900, the stock is trading at a trailing P/E ratio of 15.9x, down from the previous P/E ratio of 49.7x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 25% share price gain to ₩145,300, the stock is trading at a trailing P/E ratio of 39.9x, up from the previous P/E ratio of 32.1x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₩121,600, the stock is trading at a trailing P/E ratio of 33.4x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 16% share price gain to ₩106,500, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 23% share price gain to ₩99,000, the stock is trading at a trailing P/E ratio of 27.2x, up from the previous P/E ratio of 22.1x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ₩2,332 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩21.0b (up 206% from 3Q 2019). Net income: ₩6.57b (up ₩5.52b from 3Q 2019). Profit margin: 31% (up from 15% in 3Q 2019). The increase in margin was driven by higher revenue.