Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩41,050, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩48,950, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 25x in the Semiconductor industry in South Korea. Total returns to shareholders of 180% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩54,500, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 29x in the Semiconductor industry in South Korea. Total returns to shareholders of 280% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩34,650, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩30,450, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 116% over the past three years. Buy Or Sell Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock has risen 8.0% to ₩27,800. The fair value is estimated to be ₩35,089, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 242% in the next 2 years. Announcement • Mar 12
HANA Micron Inc., Annual General Meeting, Mar 26, 2026 HANA Micron Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 77, yeonamyulgeum-ro, eumbong-myeon, chungcheongnam-do, asan South Korea Buy Or Sell Opportunity • Jan 07
Now 21% undervalued Over the last 90 days, the stock has risen 11% to ₩27,450. The fair value is estimated to be ₩34,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 439% in the next 2 years. Buy Or Sell Opportunity • Nov 07
Now 21% undervalued Over the last 90 days, the stock has risen 127% to ₩27,600. The fair value is estimated to be ₩34,779, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 1,806% in the next 2 years. New Risk • Sep 09
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩64b free cash flow). Earnings have declined by 32% per year over the past 5 years. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩117b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Announcement • Mar 12
HANA Micron Inc., Annual General Meeting, Mar 28, 2025 HANA Micron Inc., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 77, yeonamyulgeum-ro, eumbong-myeon, chungcheongnam-do, asan South Korea Price Target Changed • Mar 01
Price target decreased by 18% to ₩15,500 Down from ₩18,826, the current price target is an average from 2 analysts. New target price is 42% above last closing price of ₩10,950. Stock is down 51% over the past year. The company is forecast to post earnings per share of ₩133 next year compared to a net loss per share of ₩272 last year. New Risk • Jan 31
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 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩169b). Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Nov 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩169b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩169b). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Aug 05
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 Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Price Target Changed • Jun 28
Price target decreased by 12% to ₩31,667 Down from ₩36,000, the current price target is an average from 3 analysts. New target price is 54% above last closing price of ₩20,500. Stock is down 6.2% over the past year. The company is forecast to post a net loss per share of ₩196 next year compared to a net loss per share of ₩313 last year. Announcement • May 19
HANA Micron Inc. has filed a Follow-on Equity Offering in the amount of KRW 112.5 billion. HANA Micron Inc. has filed a Follow-on Equity Offering in the amount of KRW 112.5 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: KRW 22500
Discount Per Security: KRW 112.5
Transaction Features: Rights Offering New Risk • Apr 04
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 9.4% 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 (9.4% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Reported Earnings • Mar 23
Full year 2023 earnings released: ₩313 loss per share (vs ₩66.00 profit in FY 2022) Full year 2023 results: ₩313 loss per share (down from ₩66.00 profit in FY 2022). Revenue: ₩968.0b (up 8.2% from FY 2022). Net loss: ₩13.5b (down ₩16.3b from profit in FY 2022). Revenue is forecast to grow 37% p.a. on average during the next 2 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 11% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.0%). New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₩66.00 (down from ₩687 in FY 2021). Revenue: ₩894.4b (up 34% from FY 2021). Net income: ₩2.83b (down 89% from FY 2021). Profit margin: 0.3% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩12,740, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 353% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩9,350, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Semiconductor industry in South Korea. Total returns to shareholders of 133% over the past three years. Major Estimate Revision • Oct 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩1,315 to ₩983 per share. Revenue forecast steady at ₩925.4m. Net income forecast to grow 64% next year vs 29% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩25,000 to ₩18,000. Share price rose 12% to ₩10,300 over the past week. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩9,170, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Semiconductor industry in South Korea. Total returns to shareholders of 182% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩12,300, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total returns to shareholders of 303% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩15,400, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Semiconductor industry in South Korea. Total returns to shareholders of 324% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩24,583 Up from ₩11,667, the current price target is an average from 2 analysts. New target price is 38% above last closing price of ₩17,800. Stock is up 42% over the past year. The company is forecast to post earnings per share of ₩1,202 for next year compared to ₩713 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ₩252 (vs ₩55.00 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩176.1b (up 21% from 3Q 2020). Net income: ₩7.59b (up ₩9.22b from 3Q 2020). Profit margin: 4.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 163 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 07
New 90-day high: ₩11,650 The company is up 33% from its price of ₩8,740 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 40% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₩9,100 The company is up 5.0% from its price of ₩8,670 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 29% over the same period.