Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩141,500, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 471% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩130,270 per share. Buy Or Sell Opportunity • May 26
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 170% to ₩170,900. The fair value is estimated to be ₩130,657, 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 37%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 186% in the next 2 years. Price Target Changed • May 04
Price target increased by 47% to ₩135,400 Up from ₩92,100, the current price target is an average from 10 analysts. New target price is 18% above last closing price of ₩114,600. Stock is up 708% over the past year. The company is forecast to post earnings per share of ₩3,880 for next year compared to ₩924 last year. Major Estimate Revision • May 04
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩1.44b to ₩1.51b. EPS estimate increased from ₩3,141 to ₩3,880 per share. Net income forecast to grow 310% next year vs 72% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩92,100 to ₩135,400. Share price rose 5.3% to ₩114,600 over the past week. Buy Or Sell Opportunity • Apr 01
Now 37% overvalued after recent price rise Over the last 90 days, the stock has risen 87% to ₩88,100. The fair value is estimated to be ₩64,360, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 80%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 47% per annum over the same time period. Price Target Changed • Mar 23
Price target increased by 8.3% to ₩81,125 Up from ₩74,875, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₩79,200. Stock is up 340% over the past year. The company is forecast to post earnings per share of ₩3,034 for next year compared to ₩924 last year. Reported Earnings • Mar 20
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₩924 (up from ₩461 in FY 2024). Revenue: ₩1.07t (up 19% from FY 2024). Net income: ₩47.6b (up 100% from FY 2024). Profit margin: 4.5% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic 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 132 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 12
Price target increased by 7.5% to ₩74,875 Up from ₩69,625, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ₩63,700. Stock is up 267% over the past year. The company is forecast to post earnings per share of ₩968 for next year compared to ₩442 last year. Buy Or Sell Opportunity • Mar 09
Now 23% undervalued Over the last 90 days, the stock has risen 22% to ₩59,700. The fair value is estimated to be ₩77,539, 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. Earnings per share has declined by 92%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 681% in the next 2 years. Declared Dividend • Mar 08
Dividend of ₩500 announced Shareholders will receive a dividend of ₩500. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 0.7%, which is lower than the industry average of 0.9%. Sustainability & Growth Aankondiging • Mar 06
DAEDUCK ELECTRONICS Co., Ltd., Annual General Meeting, Mar 26, 2026 DAEDUCK ELECTRONICS Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 335, somanggongwon-ro, gyeonggi-do, siheung South Korea Aankondiging • Mar 05
DAEDUCK ELECTRONICS Co., Ltd. announces Annual dividend DAEDUCK ELECTRONICS Co., Ltd. announced Annual dividend of KRW 500.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026. Price Target Changed • Jan 31
Price target increased by 12% to ₩65,875 Up from ₩59,000, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₩63,300. Stock is up 242% over the past year. The company is forecast to post earnings per share of ₩968 for next year compared to ₩442 last year. Major Estimate Revision • Jan 31
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 ₩1.36b to ₩1.42b. EPS estimate increased from ₩2,668 to ₩2,963 per share. Net income forecast to grow 385% next year vs 50% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩59,000 to ₩65,875. Share price rose 25% to ₩63,300 over the past week. Buy Or Sell Opportunity • Jan 31
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to ₩63,300. The fair value is estimated to be ₩49,278, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 92%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 606% in the next 2 years. Price Target Changed • Jan 29
Price target increased by 7.2% to ₩61,625 Up from ₩57,500, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ₩52,400. Stock is up 162% over the past year. The company is forecast to post earnings per share of ₩968 for next year compared to ₩442 last year. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩452 (vs ₩100.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩452 (up from ₩100.00 in 3Q 2024). Revenue: ₩286.2b (up 23% from 3Q 2024). Net income: ₩23.3b (up 350% from 3Q 2024). Profit margin: 8.1% (up from 2.2% in 3Q 2024). 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 15% growth forecast for the Electronic 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 122 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Oct 29
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩1.00b to ₩1.01b. EPS estimate increased from ₩630 to ₩730 per share. Net income forecast to grow 749% next year vs 40% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩28,400 to ₩32,600. Share price rose 21% to ₩38,000 over the past week. Buy Or Sell Opportunity • Oct 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to ₩33,350. The fair value is estimated to be ₩27,530, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 86%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 1,182% in the next 2 years. New Risk • Sep 10
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 7.6% 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 (7.6% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Buy Or Sell Opportunity • Sep 04
Now 20% undervalued Over the last 90 days, the stock has risen 44% to ₩22,550. The fair value is estimated to be ₩28,288, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 86%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 1,190% in the next 2 years. New Risk • Aug 19
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: 0.8% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: 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 (0.8% net profit margin). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩86.00 (vs ₩237 in 2Q 2024) Second quarter 2025 results: EPS: ₩86.00 (down from ₩237 in 2Q 2024). Revenue: ₩245.9b (up 3.2% from 2Q 2024). Net income: ₩4.41b (down 64% from 2Q 2024). Profit margin: 1.8% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic 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 79 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 31
Now 21% undervalued Over the last 90 days, the stock has risen 65% to ₩23,450. The fair value is estimated to be ₩29,585, 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. Earnings per share has declined by 69%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 440% in the next 2 years. Price Target Changed • Jun 27
Price target increased by 7.9% to ₩22,667 Up from ₩21,000, the current price target is an average from 3 analysts. New target price is 30% above last closing price of ₩17,470. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₩605 for next year compared to ₩442 last year. Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ₩15,290. The fair value is estimated to be ₩19,150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 53%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 49% per annum over the same time period. Aankondiging • Apr 18
DAEDUCK ELECTRONICS Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 DAEDUCK ELECTRONICS Co., Ltd. announced that they will report Q1, 2025 results at 3:00 PM, Korea Standard Time on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩14,800, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 45% over the past three years. Price Target Changed • Mar 27
Price target decreased by 9.4% to ₩23,000 Down from ₩25,400, the current price target is an average from 4 analysts. New target price is 32% above last closing price of ₩17,400. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩705 for next year compared to ₩461 last year. Reported Earnings • Mar 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₩461 (down from ₩492 in FY 2023). Revenue: ₩892.1b (down 1.9% from FY 2023). Net income: ₩23.8b (down 6.4% from FY 2023). Profit margin: 2.7% (down from 2.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 22
Dividend increased to ₩400 Dividend of ₩400 is 33% higher than last year. Ex-date: 28th March 2025 Payment date: 1st January 1970 Dividend yield will be 2.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. EPS is expected to grow by 173% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 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 9.5% 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 (9.5% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Major Estimate Revision • Feb 04
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.07b to ₩939.3m. EPS estimate fell from ₩1,371 to ₩673 per share. Net income forecast to grow 39% next year vs 33% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩25,000. Share price fell 15% to ₩17,070 over the past week. Aankondiging • Jan 22
DAEDUCK ELECTRONICS Co., Ltd. to Report Fiscal Year 2024 Results on Jan 31, 2025 DAEDUCK ELECTRONICS Co., Ltd. announced that they will report fiscal year 2024 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩19,120, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,958 per share. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩16,020, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Electronic 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 ₩28,003 per share. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩15,080, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Electronic 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 ₩28,039 per share. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩957.2m to ₩899.9m. EPS estimate also fell from ₩713 per share to ₩545 per share. Net income forecast to grow 150% next year vs 38% growth forecast for Electronic industry in South Korea. Consensus price target of ₩26,000 unchanged from last update. Share price rose 4.6% to ₩18,030 over the past week. Price Target Changed • Oct 22
Price target decreased by 8.1% to ₩27,400 Down from ₩29,800, the current price target is an average from 5 analysts. New target price is 64% above last closing price of ₩16,730. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₩713 for next year compared to ₩472 last year. Major Estimate Revision • Oct 19
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩814 to ₩713 per share. Revenue forecast steady at ₩957.2m. Net income forecast to grow 184% next year vs 39% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩29,800 to ₩28,400. Share price fell 5.2% to ₩17,100 over the past week. Price Target Changed • Oct 18
Price target decreased by 11% to ₩28,400 Down from ₩32,000, the current price target is an average from 5 analysts. New target price is 66% above last closing price of ₩17,100. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩713 for next year compared to ₩472 last year. Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩985 to ₩814 per share. Revenue forecast steady at ₩956.3m. Net income forecast to grow 202% next year vs 43% growth forecast for Electronic industry in South Korea. Consensus price target of ₩29,800 unchanged from last update. Share price rose 5.0% to ₩18,930 over the past week. Price Target Changed • Sep 10
Price target decreased by 9.4% to ₩29,000 Down from ₩32,000, the current price target is an average from 5 analysts. New target price is 63% above last closing price of ₩17,750. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₩985 for next year compared to ₩472 last year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩237 (vs ₩83.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩237 (up from ₩83.00 in 2Q 2023). Revenue: ₩238.2b (up 8.4% from 2Q 2023). Net income: ₩12.2b (up 185% from 2Q 2023). Profit margin: 5.1% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩18,240, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 9.6% over the past three years. Major Estimate Revision • Aug 03
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩970.7m to ₩987.9m. EPS estimate increased from ₩883 to ₩971 per share. Net income forecast to grow 261% next year vs 39% growth forecast for Electronic industry in South Korea. Consensus price target of ₩30,857 unchanged from last update. Share price fell 5.2% to ₩21,050 over the past week. Buy Or Sell Opportunity • Jun 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to ₩22,850. The fair value is estimated to be ₩28,732, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 711% in the next 2 years. Major Estimate Revision • May 29
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩1,079 to ₩942 per share. Revenue forecast steady at ₩961.8m. Net income forecast to grow 336% next year vs 46% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩30,800. Share price fell 2.5% to ₩23,300 over the past week. Major Estimate Revision • May 14
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.05b to ₩962.9m. EPS estimate also fell from ₩1,571 per share to ₩1,079 per share. Net income forecast to grow 119% next year vs 40% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩31,091 to ₩30,400. Share price was steady at ₩23,350 over the past week. Major Estimate Revision • Feb 14
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.15b to ₩1.05b. EPS estimate also fell from ₩1,850 per share to ₩1,571 per share. Net income forecast to grow 100% next year vs 73% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩31,091. Share price was steady at ₩23,850 over the past week. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.15b to ₩1.05b. EPS estimate also fell from ₩1,850 per share to ₩1,583 per share. Net income forecast to grow 101% next year vs 73% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩30,273. Share price fell 4.7% to ₩23,350 over the past week. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩73.00 (vs ₩1,368 in 3Q 2022) Third quarter 2023 results: EPS: ₩73.00 (down from ₩1,368 in 3Q 2022). Revenue: ₩237.8b (down 36% from 3Q 2022). Net income: ₩3.77b (down 95% from 3Q 2022). Profit margin: 1.6% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 08
Price target decreased by 8.7% to ₩30,333 Down from ₩33,222, the current price target is an average from 9 analysts. New target price is 34% above last closing price of ₩22,600. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of ₩597 for next year compared to ₩3,425 last year. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 43% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩905 to ₩520 per share. Revenue forecast steady at ₩954.0m. Net income forecast to shrink 28% next year vs 17% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩33,222 to ₩31,556. Share price rose 3.5% to ₩22,150 over the past week. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩19,970, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,420 per share. Price Target Changed • Oct 29
Price target decreased by 8.9% to ₩32,000 Down from ₩35,125, the current price target is an average from 9 analysts. New target price is 50% above last closing price of ₩21,400. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₩832 for next year compared to ₩3,425 last year. Major Estimate Revision • Aug 05
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩1,556 to ₩1,186. Revenue forecast unchanged from ₩978.0m at last update. Net income forecast to shrink 39% next year vs 14% growth forecast for Electronic industry in South Korea . Consensus price target of ₩34,500 unchanged from last update. Share price fell 13% to ₩31,850 over the past week. New Risk • Jul 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 8.0% 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 (8.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩37,850, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 227% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,150 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩29,000, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 270% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩17,137 per share. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩1,983 to ₩1,657 per share. Revenue forecast steady at ₩999.3m. Net income forecast to shrink 27% next year vs 17% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩33,500 to ₩32,125. Share price rose 10% to ₩25,850 over the past week. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩23,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 154% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,866 per share. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩24,350, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩21,651 per share. Reported Earnings • Mar 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₩3,570 (up from ₩1,309 in FY 2021). Revenue: ₩1.32t (up 32% from FY 2021). Net income: ₩183.9b (up 173% from FY 2021). Profit margin: 14% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Major Estimate Revision • Feb 25
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩1.47b to ₩1.18b. EPS estimate fell from ₩4,273 to ₩2,612 per share. Net income forecast to shrink 12% next year vs 7.9% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩34,286 to ₩33,143. Share price fell 10% to ₩20,700 over the past week. Buying Opportunity • Feb 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₩27,902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last year. Earnings per share has grown by 472%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Buying Opportunity • Dec 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ₩26,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last year. Earnings per share has grown by 472%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to ₩39,125 Down from ₩42,250, the current price target is an average from 8 analysts. New target price is 50% above last closing price of ₩26,050. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₩4,205 for next year compared to ₩1,259 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Seung Boo Jung was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 08
Price target decreased to ₩39,125 Down from ₩42,250, the current price target is an average from 8 analysts. New target price is 60% above last closing price of ₩24,400. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₩4,205 for next year compared to ₩1,259 last year. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩22,150, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩24,900, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 56% over the past year. Buying Opportunity • May 24
Now 22% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be ₩40,475, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 33% per annum over the same time period.