ITM Semiconductor Valuation

Is A084850 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A084850 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A084850 (₩14090) is trading below our estimate of fair value (₩40541.89)

Significantly Below Fair Value: A084850 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A084850?

Key metric: As A084850 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A084850. This is calculated by dividing A084850's market cap by their current revenue.
What is A084850's PS Ratio?
PS Ratio	0.5x
Sales	₩645.22b
Market Cap	₩304.12b

A084850 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	10.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does A084850's PS Ratio compare to its peers?

The above table shows the PS ratio for A084850 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3x
A082800 Vivozon Pharmaceutical	3.6x	n/a	₩297.1b
A218410 RFHIC	3.4x	25.2%	₩383.3b
A101160 Worldex Industry & Trading	1x	n/a	₩280.2b
A445090 ASICLAND	4.1x	31.2%	₩306.5b
A084850 ITM Semiconductor	0.5x	13.8%	₩304.1b

Price-To-Sales vs Peers: A084850 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does A084850's PS Ratio compare vs other companies in the KR Semiconductor Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
A082850 Wooree BioLtd	0.1x	n/a	US$109.97m
A033160 MK Electron	0.1x	n/a	US$105.16m
A004710 Hansol Technics	0.1x	n/a	US$89.89m
A077500 Uniquest	0.1x	n/a	US$70.41m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: A084850 is good value based on its Price-To-Sales Ratio (0.5x) compared to the KR Semiconductor industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is A084850's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A084850 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	0.7x

Price-To-Sales vs Fair Ratio: A084850 is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A084850 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₩14,090.00	₩24,500.00 +73.9%	13.7%	₩30,000.00	₩21,000.00	n/a	4
Nov ’25	₩18,500.00	₩30,750.00 +66.2%	8.4%	₩35,000.00	₩28,000.00	n/a	4
Oct ’25	₩20,450.00	₩30,750.00 +50.4%	8.4%	₩35,000.00	₩28,000.00	n/a	4
Sep ’25	₩20,500.00	₩31,000.00 +51.2%	9.5%	₩35,000.00	₩28,000.00	n/a	3
Aug ’25	₩19,750.00	₩35,500.00 +79.7%	1.4%	₩36,000.00	₩35,000.00	n/a	2
Jul ’25	₩23,150.00	₩35,500.00 +53.3%	1.4%	₩36,000.00	₩35,000.00	n/a	2
Jun ’25	₩22,950.00	₩28,500.00 +24.2%	1.8%	₩29,000.00	₩28,000.00	n/a	2
Feb ’24	₩28,150.00	₩43,000.00 +52.8%	7.0%	₩46,000.00	₩40,000.00	₩24,250.00	2
Jan ’24	₩26,200.00	₩43,000.00 +64.1%	7.0%	₩46,000.00	₩40,000.00	₩25,750.00	2
Dec ’23	₩30,900.00	₩43,000.00 +39.2%	7.0%	₩46,000.00	₩40,000.00	₩20,000.00	2
Nov ’23	₩29,250.00	₩43,000.00 +47.0%	7.0%	₩46,000.00	₩40,000.00	₩19,720.00	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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