Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩8,650, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩10,570, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 30% over the past three years. New Risk • Jun 12
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 12% 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 (12% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩10,080, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 26% over the past three years. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₩1,053 to ₩856 per share. Revenue forecast steady at ₩313.2m. Net income forecast to grow 190% next year vs 78% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩12,500 to ₩14,500. Share price rose 21% to ₩11,190 over the past week. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩10,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,528 per share. Buy Or Sell Opportunity • Apr 01
Now 24% overvalued Over the last 90 days, the stock has fallen 4.2% to ₩9,250. The fair value is estimated to be ₩7,459, 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 22%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 312% in the next 2 years. Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩305 (down from ₩528 in FY 2024). Revenue: ₩273.3b (up 25% from FY 2024). Net income: ₩8.98b (down 42% from FY 2024). Profit margin: 3.3% (down from 7.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 51%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in South Korea. 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 11% per year, which means it is well ahead of earnings. Announcement • Mar 07
UNISEM Co., Ltd., Annual General Meeting, Mar 23, 2026 UNISEM Co., Ltd., Annual General Meeting, Mar 23, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 10-7, jangjinam-gil, gyeonggi-do, hwaseong South Korea Buy Or Sell Opportunity • Mar 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to ₩9,900. The fair value is estimated to be ₩8,131, 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 22%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 172% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩8,590, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Semiconductor industry in South Korea. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,134 per share. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩10,990, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩11,100, 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 84% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 April 2026. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩112 (vs ₩50.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩112 (up from ₩50.00 in 3Q 2024). Revenue: ₩56.8b (flat on 3Q 2024). Net income: ₩3.29b (up 125% from 3Q 2024). Profit margin: 5.8% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 13% 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 fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Nov 08
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 6th April 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 193% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
UNISEM Co., Ltd. announces Annual dividend, payable on April 06, 2026 UNISEM Co., Ltd. announced Annual dividend of KRW 80.0000 per share payable on April 06, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Sep 21
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 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩8,690, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 22% over the past three years. Price Target Changed • Sep 06
Price target increased by 29% to ₩11,000 Up from ₩8,500, the current price target is provided by 1 analyst. New target price is 38% above last closing price of ₩7,950. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₩622 for next year compared to ₩528 last year. New Risk • Aug 31
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: 4.4% Last year net profit margin: 6.7% 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. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,900, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 9.4% over the past three years. Price Target Changed • Jul 18
Price target decreased by 18% to ₩8,500 Down from ₩10,333, the current price target is provided by 1 analyst. New target price is 22% above last closing price of ₩6,950. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₩748 for next year compared to ₩528 last year. Price Target Changed • Jun 06
Price target decreased by 8.1% to ₩9,500 Down from ₩10,333, the current price target is an average from 2 analysts. New target price is 55% above last closing price of ₩6,140. Stock is down 40% over the past year. The company is forecast to post earnings per share of ₩784 for next year compared to ₩528 last year. Reported Earnings • Mar 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩528 (down from ₩620 in FY 2023). Revenue: ₩218.2b (down 6.0% from FY 2023). Net income: ₩15.5b (down 15% from FY 2023). Profit margin: 7.1% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 16% 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 fallen by 32% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 20
UNISEM Co., Ltd., Annual General Meeting, Mar 17, 2025 UNISEM Co., Ltd., Annual General Meeting, Mar 17, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 10-7, jangjinam-gil, gyeonggi-do, hwaseong South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). New Risk • Nov 22
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: 4.7% Last year net profit margin: 7.4% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.7% net profit margin). Price Target Changed • Nov 09
Price target decreased by 21% to ₩11,333 Down from ₩14,333, the current price target is an average from 3 analysts. New target price is 67% above last closing price of ₩6,800. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of ₩490 for next year compared to ₩620 last year. Major Estimate Revision • Oct 24
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩243.6m to ₩220.0m. EPS estimate also fell from ₩715 per share to ₩451 per share. Net income forecast to grow 54% next year vs 65% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩14,333 to ₩13,333. Share price rose 2.9% to ₩7,200 over the past week. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩7,250, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩6,610, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 54% over the past three years. New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩9,190, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩11,570, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩11,940, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₩11,700, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 21% over the past three years. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: ₩620 (vs ₩666 in FY 2022) Full year 2023 results: EPS: ₩620 (down from ₩666 in FY 2022). Revenue: ₩232.1b (down 8.3% from FY 2022). Net income: ₩18.2b (down 6.9% from FY 2022). Profit margin: 7.9% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 7.9% to ₩7,940. The fair value is estimated to be ₩10,040, however this is not to be taken as a buy 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 14%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buying Opportunity • Jan 16
Now 20% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be ₩10,123, however this is not to be taken as a buy 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 14%. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 87% in the next 2 years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 04 April 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). New Risk • Nov 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Nov 07
Price target decreased by 25% to ₩9,000 Down from ₩12,000, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ₩7,730. Stock is up 18% over the past year. The company is forecast to post earnings per share of ₩741 for next year compared to ₩666 last year. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩8,190, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 20% over the past three years. New Risk • Jul 18
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. 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 (8.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩10,400, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,460, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Semiconductor industry in South Korea. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,100, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 119% over the past three years. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: ₩666 (vs ₩1,297 in FY 2021) Full year 2022 results: EPS: ₩666 (down from ₩1,297 in FY 2021). Revenue: ₩253.2b (down 14% from FY 2021). Net income: ₩19.6b (down 49% from FY 2021). Profit margin: 7.7% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 05 April 2023. Payout ratio is a comfortable 14% 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 (1.8%). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩6,000, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩6,740, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩8,320, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 69% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩18,500 Up from ₩12,000, the current price target is an average from 2 analysts. New target price is 65% above last closing price of ₩11,200. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₩1,339 for next year compared to ₩1,297 last year. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₩1,297 (up from ₩715 in FY 2020). Revenue: ₩296.1b (up 38% from FY 2020). Net income: ₩38.2b (up 81% from FY 2020). Profit margin: 13% (up from 9.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 12%, compared to a 29% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 04 April 2022. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.9%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩299 (vs ₩138 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩69.0b (up 51% from 3Q 2020). Net income: ₩8.80b (up 117% from 3Q 2020). Profit margin: 13% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩11,150, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 167% over the past three years. Major Estimate Revision • Jul 01
Consensus revenue estimates increase to ₩280.9m The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from ₩252.3m to ₩280.9m. EPS estimate increased from ₩1,066 to ₩1,291 per share. Net income forecast to grow 32% next year vs 58% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩14,000 unchanged from last update. Share price rose 8.3% to ₩14,300 over the past week. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩430 (vs ₩258 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩77.6b (up 35% from 1Q 2020). Net income: ₩12.7b (up 67% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₩15,500, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩22,607 per share. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS ₩715 (vs ₩749 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩215.1b (up 20% from FY 2019). Net income: ₩21.0b (down 4.5% from FY 2019). Profit margin: 9.8% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 19
UNISEM Co., Ltd., Annual General Meeting, Mar 22, 2021 UNISEM Co., Ltd., Annual General Meeting, Mar 22, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₩10,150, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 50%. Is New 90 Day High Low • Jan 04
New 90-day high: ₩8,660 The company is up 17% from its price of ₩7,400 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₩7,820 The company is up 7.0% from its price of ₩7,300 on 10 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 30% over the same period.