ISC (KOSDAQ:A095340) - Share price, News & Analysis

Q: What is the Fair Price of A095340 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A095340 (₩32600) is trading below our estimate of [[fair value]] (₩91563.67)

A095340 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	5/6
Financial Health	5/6
Dividends	2/6

A095340 Stock Overview

ISC Co., Ltd. develops, manufactures, and sells semiconductor test sockets worldwide.

Rewards

Trading at 64.4% below our estimate of its fair value

Earnings are forecast to grow 18.88% per year

Earnings grew by 536.7% over the past year

Risk Analysis

Shareholders have been diluted in the past year

ISC Competitors

TSE

KOSDAQ:A131290

₩653.6b

KoMiCo

KOSDAQ:A183300

₩497.2b

GemVax&KAELLtd

KOSDAQ:A082270

₩565.2b

Eugene TechnologyLtd

KOSDAQ:A084370

₩689.5b

Price History & Performance

Summary of all time highs, changes and price drops for ISC
Historical stock prices
Current Share Price	₩32,600.00
52 Week High	₩41,600.00
52 Week Low	₩22,300.00
Beta	1.14
1 Month Change	0.15%
3 Month Change	-7.65%
1 Year Change	13.00%
3 Year Change	298.53%
5 Year Change	34.59%
Change since IPO	203.11%

Shareholder Returns

	A095340	KR Semiconductor	KR Market
7D	-5.6%	0.4%	1.9%
1Y	13.0%	-21.7%	-23.0%

Return vs Industry: A095340 exceeded the KR Semiconductor industry which returned -21.7% over the past year.

Return vs Market: A095340 exceeded the KR Market which returned -23% over the past year.

Price Volatility

Is A095340's price volatile compared to industry and market?
A095340 volatility
A095340 Average Weekly Movement	6.0%
Semiconductor Industry Average Movement	6.5%
Market Average Movement	6.5%
10% most volatile stocks in KR Market	11.1%
10% least volatile stocks in KR Market	3.9%

Stable Share Price: A095340 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A095340's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	202	Young-Bae Chung	https://www.isc21.kr

ISC Co., Ltd. develops, manufactures, and sells semiconductor test sockets worldwide. It offers memory test, logic test, burn in, RF, and camera module sockets, as well as test fixtures, probe heads, special pins, interposers, connectors, and board savers. The company was founded in 2001 and is headquartered in Seongnam-si, South Korea.

ISC Fundamentals Summary

How do ISC's earnings and revenue compare to its market cap?
A095340 fundamental statistics
Market Cap	₩543.33b
Earnings (TTM)	₩38.51b
Revenue (TTM)	₩149.84b

14.1x

P/E Ratio

3.6x

P/S Ratio

Is A095340 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A095340 income statement (TTM)
Revenue	₩149.84b
Cost of Revenue	₩76.72b
Gross Profit	₩73.12b
Other Expenses	₩34.61b
Earnings	₩38.51b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.31k
Gross Margin	48.80%
Net Profit Margin	25.70%
Debt/Equity Ratio	13.1%

How did A095340 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

8%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is A095340 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A095340?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for A095340. This is calculated by dividing A095340's market cap by their current preferred multiple.
What is A095340's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₩543.33b

A095340 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	3.3x
Enterprise Value/EBITDA	8.9x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does A095340's PE Ratio compare to its peers?

A095340 PE Ratio vs Peers

The above table shows the PE ratio for A095340 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22x
A131290 TSE	12.6x	33.0%	₩653.6b
A183300 KoMiCo	10x	8.3%	₩497.2b
A082270 GemVax&KAELLtd	54x	n/a	₩565.2b
A084370 Eugene TechnologyLtd	11.6x	25.0%	₩689.5b
A095340 ISC	14.1x	18.9%	₩543.3b

Price-To-Earnings vs Peers: A095340 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does A095340's PE Ratio compare vs other companies in the KR Semiconductor Industry?

Price-To-Earnings vs Industry: A095340 is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the KR Semiconductor industry average (10.7x)

Price to Earnings Ratio vs Fair Ratio

What is A095340's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A095340 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.1x
Fair PE Ratio	13.9x

Price-To-Earnings vs Fair Ratio: A095340 is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

Share Price vs Fair Value

What is the Fair Price of A095340 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A095340 (₩32600) is trading below our estimate of fair value (₩91563.67)

Significantly Below Fair Value: A095340 is trading below fair value by more than 20%.

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Future Growth

How is ISC forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

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

18.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A095340's forecast earnings growth (18.9% per year) is above the savings rate (3.6%).

Earnings vs Market: A095340's earnings (18.9% per year) are forecast to grow faster than the KR market (16.1% per year).

High Growth Earnings: A095340's earnings are forecast to grow, but not significantly.

Revenue vs Market: A095340's revenue (16% per year) is forecast to grow faster than the KR market (9.7% per year).

High Growth Revenue: A095340's revenue (16% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A095340's Return on Equity is forecast to be high in 3 years time (21.2%)

Discover growth companies

Past Performance

How has ISC performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

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

9.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A095340 has high quality earnings.

Growing Profit Margin: A095340's current net profit margins (25.7%) are higher than last year (4.6%).

Past Earnings Growth Analysis

Earnings Trend: A095340's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: A095340's earnings growth over the past year (536.7%) exceeds its 5-year average (9% per year).

Earnings vs Industry: A095340 earnings growth over the past year (536.7%) exceeded the Semiconductor industry 48%.

Return on Equity

High ROE: A095340's Return on Equity (15.9%) is considered low.

Discover strong past performing companies

Financial Health

How is ISC's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: A095340's short term assets (₩133.8B) exceed its short term liabilities (₩33.4B).

Long Term Liabilities: A095340's short term assets (₩133.8B) exceed its long term liabilities (₩24.4B).

Debt to Equity History and Analysis

Debt Level: A095340 has more cash than its total debt.

Reducing Debt: A095340's debt to equity ratio has increased from 8.5% to 13.1% over the past 5 years.

Debt Coverage: A095340's debt is well covered by operating cash flow (128.9%).

Interest Coverage: A095340 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

0.61%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A095340's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the KR market (0.94%).

High Dividend: A095340's dividend (0.61%) is low compared to the top 25% of dividend payers in the KR market (3.04%).

Stability and Growth of Payments

Stable Dividend: A095340 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A095340's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.6%), A095340's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (11.1%), A095340's dividend payments are thoroughly covered by cash flows.

Discover strong dividend paying companies

Management

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

CEO

Young-Bae Chung (61 yo)

no data

Tenure

Young-Bae Chung serves as Chief Executive Officer of ISC Co., Ltd. Young-Bae Chung Worked at Motorola Korea, Inc. and served as Representative of Dongjoon Engineering. Young-Bae Chung holds an MBA from Sej...

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 2.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/07 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31