NEXTCHIP (KOSDAQ:A092600) - Share price, News & Analysis

A092600 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

A092600 Stock Overview

NEXTCHIP Co., Ltd. produces and sells semiconductors for the video security industry in South Korea.

Risk Analysis

Earnings have declined by 17.6% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have a meaningful market cap (₩105B)

NEXTCHIP Competitors

Q.S.I

KOSDAQ:A066310

₩108.9b

Ajinextek

KOSDAQ:A059120

₩94.9b

S-EnergyLtd

KOSDAQ:A095910

₩88.6b

Ram Technology

KOSDAQ:A171010

₩86.3b

Price History & Performance

Summary of all time highs, changes and price drops for NEXTCHIP
Historical stock prices
Current Share Price	₩4,480.00
52 Week High	₩5,950.00
52 Week Low	₩3,295.00
Beta	1.11
1 Month Change	11.17%
3 Month Change	8.61%
1 Year Change	-4.68%
3 Year Change	7.56%
5 Year Change	-52.09%
Change since IPO	-58.05%

Recent News & Updates

Apr 06

Is NEXTCHIP (KOSDAQ:092600) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

	A092600	KR Semiconductor	KR Market
7D	-2.6%	-0.8%	-0.5%
1Y	-4.7%	-24.3%	-26.0%

Return vs Industry: A092600 exceeded the KR Semiconductor industry which returned -27.6% over the past year.

Return vs Market: A092600 exceeded the KR Market which returned -27.5% over the past year.

Price Volatility

Is A092600's price volatile compared to industry and market?
A092600 volatility
A092600 Average Weekly Movement	7.1%
Semiconductor Industry Average Movement	6.2%
Market Average Movement	6.2%
10% most volatile stocks in KR Market	10.9%
10% least volatile stocks in KR Market	3.8%

Stable Share Price: A092600 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: A092600's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	109	Kyoung-Soo Kim	https://www.nextchip.com

NEXTCHIP Co., Ltd. produces and sells semiconductors for the video security industry in South Korea. The company offers image signal processors, AHD and SoC products, and advanced driver assist systems. Its products are used in business, security, automotive, and consumer applications.

NEXTCHIP Fundamentals Summary

How do NEXTCHIP's earnings and revenue compare to its market cap?
A092600 fundamental statistics
Market Cap	₩104.73b
Earnings (TTM)	-₩23.14b
Revenue (TTM)	₩111.09b

0.9x

P/S Ratio

-4.5x

P/E Ratio

Is A092600 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A092600 income statement (TTM)
Revenue	₩111.09b
Cost of Revenue	₩87.45b
Gross Profit	₩23.64b
Other Expenses	₩46.77b
Earnings	-₩23.14b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-989.62
Gross Margin	21.28%
Net Profit Margin	-20.83%
Debt/Equity Ratio	43.6%

How did A092600 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is A092600 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A092600?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for A092600. This is calculated by dividing A092600's market cap by their current preferred multiple.
What is A092600's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₩104.73b

A092600 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	1x
Enterprise Value/EBITDA	-4.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does A092600's PS Ratio compare to its peers?

A092600 PS Ratio vs Peers

The above table shows the PS ratio for A092600 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	2.1x
A066310 Q.S.I	4x	n/a	₩108.9b
A059120 Ajinextek	2.3x	n/a	₩94.9b
A095910 S-EnergyLtd	0.4x	n/a	₩88.6b
A171010 Ram Technology	1.6x	n/a	₩86.3b
A092600 NEXTCHIP	0.9x	n/a	₩104.7b

Forward PS

Price-To-Sales vs Peers: A092600 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (2.1x).

Price to Earnings Ratio vs Industry

How does A092600's PE Ratio compare vs other companies in the KR Semiconductor Industry?

Price-To-Sales vs Industry: A092600 is good value based on its Price-To-Sales Ratio (0.9x) compared to the KR Semiconductor industry average (1.3x)

Price to Sales Ratio vs Fair Ratio

What is A092600'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.

A092600 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate A092600's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of A092600 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate A092600's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate A092600's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A092600's PEG Ratio to determine if it is good value.

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Future Growth

How is NEXTCHIP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

13.0%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NEXTCHIP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Take a look at our analysis of A092600’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has NEXTCHIP performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-17.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A092600 is currently unprofitable.

Growing Profit Margin: A092600 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: A092600 is unprofitable, and losses have increased over the past 5 years at a rate of 17.6% per year.

Accelerating Growth: Unable to compare A092600's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A092600 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (48%).

Return on Equity

High ROE: A092600 has a negative Return on Equity (-50.84%), as it is currently unprofitable.

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Financial Health

How is NEXTCHIP's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: A092600's short term assets (₩81.7B) exceed its short term liabilities (₩37.9B).

Long Term Liabilities: A092600's short term assets (₩81.7B) exceed its long term liabilities (₩9.2B).

Debt to Equity History and Analysis

Debt Level: A092600 has more cash than its total debt.

Reducing Debt: A092600's debt to equity ratio has increased from 5.8% to 43.6% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: A092600 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: A092600 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.8% each year

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Dividend

What is NEXTCHIP current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate A092600's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A092600's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A092600's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A092600's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as A092600 has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Kyoung-Soo Kim (57 yo)

no data

Tenure

Mr. Kyoung-Soo Kim serves as the Chief Executive Officer for Nextchip Co. Ltd. Mr. Kim was with Export Division of Daewoo Telecom Ltd. He served as Chief Executive Officer of Creative Marketing Solutions C...

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/27 00:00
End of Day Share Price	2022/06/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31