Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,553,000, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Industrials industry in South Korea. Total returns to shareholders of 3,340% over the past three years. Price Target Changed • Jun 26
Price target increased by 19% to ₩1,629,091 Up from ₩1,368,182, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₩1,706,000. Stock is up 868% over the past year. The company is forecast to post earnings per share of ₩273,446 for next year compared to ₩66,823 last year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩1,413,000, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Industrials industry in South Korea. Total returns to shareholders of 2,910% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩661,445 per share. Price Target Changed • Jun 02
Price target increased by 7.4% to ₩1,322,727 Up from ₩1,231,818, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₩1,330,000. Stock is up 1,106% over the past year. The company is forecast to post earnings per share of ₩257,818 for next year compared to ₩66,823 last year. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,185,000, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Industrials industry in South Korea. Total returns to shareholders of 2,465% over the past three years. Board Change • May 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director James Ryu was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • May 15
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩1.44b to ₩1.46b. EPS estimate increased from ₩154,697 to ₩178,230 per share. Net income forecast to grow 168% next year vs 119% growth forecast for Industrials industry in South Korea. Consensus price target up from ₩930,388 to ₩1,083,000. Share price was steady at ₩1,098,000 over the past week. Price Target Changed • May 07
Price target increased by 12% to ₩831,111 Up from ₩743,333, the current price target is an average from 9 analysts. New target price is 24% below last closing price of ₩1,099,000. Stock is up 1,082% over the past year. The company is forecast to post earnings per share of ₩154,697 for next year compared to ₩66,823 last year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩830,000, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Industrials industry in South Korea. Total returns to shareholders of 1,888% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩671,000, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Industrials industry in South Korea. Total returns to shareholders of 1,547% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩469,500, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Industrials industry in South Korea. Total returns to shareholders of 1,115% over the past three years. Major Estimate Revision • Mar 27
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 ₩1.43b to ₩1.45b. EPS estimate increased from ₩153,441 to ₩169,832 per share. Net income forecast to grow 154% next year vs 120% growth forecast for Industrials industry in South Korea. Consensus price target up from ₩716,667 to ₩753,333. Share price fell 11% to ₩542,000 over the past week. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₩1.35b to ₩1.43b. EPS estimate fell from ₩137,889 to ₩116,084 per share. Net income forecast to grow 75% next year vs 36% growth forecast for Industrials industry in South Korea. Consensus price target up from ₩514,889 to ₩673,778. Share price fell 5.2% to ₩585,000 over the past week. Announcement • Feb 26
SK Square Co., Ltd., Annual General Meeting, Mar 25, 2026 SK Square Co., Ltd., Annual General Meeting, Mar 25, 2026, at 10:00 Tokyo Standard Time. Location: supex hall, 65, eulji-ro, jung-gu, seoul South Korea Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: ₩66,764 (vs ₩27,772 in FY 2024) Full year 2025 results: EPS: ₩66,764 (up from ₩27,772 in FY 2024). Revenue: ₩1.41t (down 77% from FY 2024). Net income: ₩8.82t (up 137% from FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 19% decline forecast for the Industrials industry in South Korea. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has increased by 156% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 25
Price target increased by 9.6% to ₩558,222 Up from ₩509,333, the current price target is an average from 9 analysts. New target price is 14% below last closing price of ₩647,000. Stock is up 573% over the past year. The company is forecast to post earnings per share of ₩130,954 for next year compared to ₩66,764 last year. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩649,000, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Industrials industry in South Korea. Total returns to shareholders of 1,592% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩472,470 per share. Price Target Changed • Jan 28
Price target increased by 8.9% to ₩441,750 Up from ₩405,500, the current price target is an average from 8 analysts. New target price is 12% below last closing price of ₩503,000. Stock is up 404% over the past year. The company is forecast to post earnings per share of ₩56,223 for next year compared to ₩27,772 last year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩503,000, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Industrials industry in South Korea. Total returns to shareholders of 1,261% over the past three years. Price Target Changed • Jan 06
Price target increased by 12% to ₩380,500 Up from ₩340,444, the current price target is an average from 8 analysts. New target price is 12% below last closing price of ₩432,000. Stock is up 364% over the past year. The company is forecast to post earnings per share of ₩55,391 for next year compared to ₩27,772 last year. Price Target Changed • Dec 29
Price target increased by 7.0% to ₩351,556 Up from ₩328,556, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₩346,000. Stock is up 336% over the past year. The company is forecast to post earnings per share of ₩55,391 for next year compared to ₩27,772 last year. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩334,500, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Industrials industry in South Korea. Total returns to shareholders of 897% over the past three years. New Risk • Nov 21
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (34% accrual ratio). Major Estimate Revision • Nov 20
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩43,911 to ₩52,152. Revenue forecast steady at ₩1.77b. Net income forecast to grow 11% next year vs 22% growth forecast for Industrials industry in South Korea. Consensus price target up from ₩252,358 to ₩300,778. Share price fell 9.3% to ₩293,500 over the past week. Price Target Changed • Nov 15
Price target increased by 8.0% to ₩254,000 Up from ₩235,111, the current price target is an average from 9 analysts. New target price is 13% below last closing price of ₩291,000. Stock is up 275% over the past year. The company is forecast to post earnings per share of ₩49,674 for next year compared to ₩27,772 last year. Reported Earnings • Nov 15
Third quarter 2025 earnings released: ₩4,336 loss per share (vs ₩8,524 profit in 3Q 2024) Third quarter 2025 results: ₩4,336 loss per share (down from ₩8,524 profit in 3Q 2024). Net loss: ₩573.8b (down 151% from profit in 3Q 2024). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Industrials industry in South Korea. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 96% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩322,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Industrials industry in South Korea. Total returns to shareholders of 697% over the past three years. Price Target Changed • Oct 15
Price target increased by 8.4% to ₩186,222 Up from ₩171,778, the current price target is an average from 9 analysts. New target price is 24% below last closing price of ₩245,000. Stock is up 188% over the past year. The company is forecast to post earnings per share of ₩40,720 for next year compared to ₩27,772 last year. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩238,000, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Industrials industry in South Korea. Total returns to shareholders of 512% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩174,600, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Industrials industry in South Korea. Total returns to shareholders of 309% over the past three years. Price Target Changed • Aug 26
Price target increased by 8.2% to ₩169,222 Up from ₩156,444, the current price target is an average from 9 analysts. New target price is 19% above last closing price of ₩141,700. Stock is up 75% over the past year. The company is forecast to post earnings per share of ₩37,866 for next year compared to ₩27,772 last year. Price Target Changed • Jul 11
Price target increased by 13% to ₩147,000 Up from ₩129,778, the current price target is an average from 9 analysts. New target price is 16% below last closing price of ₩174,000. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₩39,797 for next year compared to ₩27,772 last year. New Risk • Jun 16
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 9.0% 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: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩149,500, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Industrials industry in South Korea. Total returns to shareholders of 258% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩114,800, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Industrials industry in South Korea. Total returns to shareholders of 145% over the past three years. Major Estimate Revision • May 23
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₩2.06b to ₩1.88b. EPS estimate rose from ₩33,104 to ₩37,727. Net income forecast to grow 2.4% next year vs 11% growth forecast for Industrials industry in South Korea. Consensus price target broadly unchanged at ₩119,778. Share price fell 3.2% to ₩99,300 over the past week. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ₩12,106 (vs ₩2,559 in 1Q 2024) First quarter 2025 results: EPS: ₩12,106 (up from ₩2,559 in 1Q 2024). Revenue: ₩402.8b (down 19% from 1Q 2024). Net income: ₩1.61t (up 368% from 1Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Industrials industry in South Korea. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩77,600, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 7x in the Industrials industry in South Korea. Total returns to shareholders of 38% over the past three years. Announcement • Mar 27
SK Square Co., Ltd. (KOSE:A402340) announces an Equity Buyback for KRW 100,000 million worth of its shares. SK Square Co., Ltd. (KOSE:A402340) announces a share repurchase program. Under the program, the company will repurchase up to KRW 100,000 worth of its shares pursuant to a contract with SK Securities Co., Ltd. The purpose behind the program is to enhance shareholder value. The program will continue until September 30, 2025. As of March 26, 2025, the company had 1,301,185 shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ₩27,380 (vs ₩16,383 loss in FY 2023) Full year 2024 results: EPS: ₩27,380 (up from ₩16,383 loss in FY 2023). Revenue: ₩1.91t (up ₩1.68t from FY 2023). Net income: ₩3.65t (up ₩5.93t from FY 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, while revenues in the Industrials industry in South Korea are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Announcement • Feb 26
SK Square Co., Ltd., Annual General Meeting, Mar 27, 2025 SK Square Co., Ltd., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: supex hall, 65, eulji-ro, jung-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩93,200, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Industrials industry in South Korea. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩73,300, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Industrials industry in South Korea. Total returns to shareholders of 11% over the past three years. Major Estimate Revision • Nov 22
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₩2.19b to ₩2.02b. EPS estimate rose from ₩18,703 to ₩21,383. Net income forecast to grow 3,287% next year vs 41% growth forecast for Industrials industry in South Korea. Consensus price target broadly unchanged at ₩107,500. Share price rose 13% to ₩87,500 over the past week. Major Estimate Revision • Nov 16
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₩2.19b to ₩1.97b. EPS estimate increased from ₩18,703 to ₩20,479 per share. Net income forecast to grow 2,956% next year vs 31% growth forecast for Industrials industry in South Korea. Consensus price target broadly unchanged at ₩105,286. Share price fell 18% to ₩77,600 over the past week. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₩5,415 (vs ₩5,005 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩5,415 (up from ₩5,005 loss in 2Q 2023). Net income: ₩728.8b (up ₩1.43t from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Industrials industry in South Korea. Price Target Changed • Jun 19
Price target increased by 7.5% to ₩103,500 Up from ₩96,250, the current price target is an average from 8 analysts. New target price is 5.1% above last closing price of ₩98,500. Stock is up 113% over the past year. The company is forecast to post earnings per share of ₩15,888 next year compared to a net loss per share of ₩16,383 last year. Price Target Changed • May 28
Price target increased by 7.4% to ₩99,750 Up from ₩92,875, the current price target is an average from 8 analysts. New target price is 21% above last closing price of ₩82,400. Stock is up 78% over the past year. The company is forecast to post earnings per share of ₩16,730 next year compared to a net loss per share of ₩16,383 last year. Reported Earnings • May 22
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₩498.3b (up ₩487.1b from 1Q 2023). Net income: ₩333.3b (up ₩931.6b from 1Q 2023). Profit margin: 67% (up from net loss in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Industrials industry in South Korea. Price Target Changed • Apr 27
Price target increased by 7.2% to ₩92,875 Up from ₩86,625, the current price target is an average from 8 analysts. New target price is 15% above last closing price of ₩80,600. Stock is up 90% over the past year. The company is forecast to post earnings per share of ₩7,399 next year compared to a net loss per share of ₩16,384 last year. New Risk • Apr 24
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 8.1% 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. Announcement • Mar 28
SK Square Co., Ltd., Annual General Meeting, Mar 28, 2024 SK Square Co., Ltd., Annual General Meeting, Mar 28, 2024, at 10:00 Korea Standard Time. Location: SUPEX Hall, 4th Floor, SK T-Tower SUPEX Hall, 65, Eulji-ro, Jung-gu Seoul South Korea Agenda: To consider Approval of Financial Statements for 3rd Fiscal Year; to consider Partial Amendment to Articles of Incorporation; to consider Appointment of Directors; to consider Appointment of Independent Director as an Audit Committee Member; and to transact such other business matters. New Risk • Mar 15
New major risk - Revenue and earnings growth Revenue has declined by 68% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 28
Price target increased by 11% to ₩80,222 Up from ₩72,000, the current price target is an average from 9 analysts. New target price is 18% above last closing price of ₩68,200. Stock is up 78% over the past year. The company is forecast to post a net loss per share of ₩10,079 compared to earnings per share of ₩713 last year. Board Change • Dec 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Sung-Hyung Lee was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩3,289 loss per share (vs ₩6,108 loss in 3Q 2022) Third quarter 2023 results: ₩3,289 loss per share (improved from ₩6,108 loss in 3Q 2022). Revenue: ₩40.5b (down 90% from 3Q 2022). Net loss: ₩455.5b (loss narrowed 47% from 3Q 2022). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Industrials industry in South Korea. Major Estimate Revision • Aug 15
Consensus revenue estimates increase by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩705.6m to ₩831.6m. EPS estimate unchanged from -₩12,949 at last update. Industrials industry in South Korea expected to see average net income growth of 65% next year. Consensus price target of ₩67,286 unchanged from last update. Share price was steady at ₩45,500 over the past week. Buying Opportunity • Aug 12
Now 20% undervalued Over the last 90 days, the stock is up 9.3%. The fair value is estimated to be ₩57,546, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last year. Meanwhile, the company became loss making. Revenue is forecast to decline by 58% in a year. Earnings is forecast to decline by 54% in the next year. Announcement • Aug 09
SK Square Co., Ltd. (KOSE:A402340) announces an Equity Buyback for KRW 200,000 million worth of its shares. SK Square Co., Ltd. (KOSE:A402340) announces a share repurchase program. Under the program, the company will repurchase up to KRW 200,000 million worth of its shares pursuant to a trust agreement with SK Securities Co., Ltd. The purpose behind the program is to enhance shareholder value. The program will continue until March 31, 2024. As of August 8, 2023, the company had 2,593,307 shares in treasury through buyback within dividend capacity and 21,928 shares in treasury through other acquisitions. Announcement • Jul 14
A Plus Life Co., Ltd. agreed to acquire 28.35% stake in NanoEntek, Inc. (KOSDAQ:A039860) from SK Square Co., Ltd. (KOSE:A402340) for KRW 51.5 billion. A Plus Life Co., Ltd. agreed to acquire 28.35% stake in NanoEntek, Inc. (KOSDAQ:A039860) from SK Square Co., Ltd. (KOSE:A402340) for KRW 51.5 billion on July 12, 2023. As per the transaction, A Plus Life Co., Ltd. will acquire 7.6 million shares at KRW 6,776 per share. The transaction is expected to close on September 12, 2023. As of December 31, 2023, NanoEntek, Inc. generated total assets of KRW 63.3 billion, sales of KRW 35.2 billion and net income of KRW 4.6 billion. Major Estimate Revision • Jun 29
Consensus revenue estimates decrease by 82% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩3.57b to ₩660.4m. EPS estimate unchanged from -₩13,671 per share at last update. Industrials industry in South Korea expected to see average net income growth of 100% next year. Consensus price target broadly unchanged at ₩63,286. Share price fell 3.7% to ₩44,250 over the past week. Major Estimate Revision • May 31
Consensus EPS estimates fall by 42%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩3.47b to ₩3.58b. Forecast EPS reduced from -₩8,514 to -₩12,074 per share. Semiconductor industry in South Korea expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at ₩60,000. Share price rose 3.9% to ₩46,150 over the past week. Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩3.77b to ₩3.63b. Losses expected to increase from ₩6,806 per share to ₩8,299. Semiconductor industry in South Korea expected to see average net income growth of 15% next year. Consensus price target of ₩60,000 unchanged from last update. Share price rose 3.5% to ₩38,650 over the past week. Reported Earnings • Mar 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₩713 (down from ₩15,919 in FY 2021). Revenue: ₩4.51t (down 34% from FY 2021). Net income: ₩100.8b (down 96% from FY 2021). Profit margin: 2.2% (down from 33% in FY 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Semiconductor industry in South Korea. Major Estimate Revision • Mar 11
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from ₩5,142 to ₩3,962 per share. Revenue forecast steady at ₩4.99b. Net income forecast to shrink 75% next year vs 0.2% decline forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩60,000. Share price fell 4.4% to ₩38,400 over the past week. Major Estimate Revision • Feb 25
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from ₩5.08b to ₩4.99b. EPS estimate also fell from ₩8,654 per share to ₩5,142 per share. Net income forecast to shrink 73% next year vs 1.0% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩60,667 unchanged from last update. Share price rose 6.9% to ₩39,300 over the past week. Major Estimate Revision • Nov 16
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩5.94b to ₩4.95b. EPS estimate fell from ₩11,965 to ₩8,896 per share. Net income forecast to shrink 44% next year vs 22% growth forecast for Semiconductor industry in South Korea . Consensus price target broadly unchanged at ₩70,600. Share price rose 3.5% to ₩40,450 over the past week. Announcement • May 20
SK Square Co., Ltd. Approves Appointment of So Young Shin to the Board SK Square Co. Ltd. approved appointment to the board of Ms. So Young Shin who was nominated for this position under the investor rights agreement between the company and SKTQ. The appointment is until the 2023 annual shareholders meeting of the company. Ms. Shin has served as the CEO of SK Square Americas Inc. Announcement • Dec 01
SK Square Co., Ltd. has completed an IPO in the amount of KRW 14.146757 billion. SK Square Co., Ltd. has completed an IPO in the amount of KRW 14.146757 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 141,467,571
Price\Range: KRW 100 
