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TSE KOSDAQ:A131290 Stock Report

Last Price


Market Cap







10 Aug, 2022


Company Financials +
A131290 fundamental analysis
Snowflake Score
Future Growth6/6
Past Performance5/6
Financial Health6/6

A131290 Stock Overview

TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally.

TSE Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TSE
Historical stock prices
Current Share Price₩56,900.00
52 Week High₩89,000.00
52 Week Low₩51,500.00
1 Month Change0.18%
3 Month Change-32.18%
1 Year Change-28.16%
3 Year Change702.54%
5 Year Change261.27%
Change since IPO145.45%

Recent News & Updates

Shareholder Returns

A131290KR SemiconductorKR Market

Return vs Industry: A131290 underperformed the KR Semiconductor industry which returned -18.3% over the past year.

Return vs Market: A131290 underperformed the KR Market which returned -21.9% over the past year.

Price Volatility

Is A131290's price volatile compared to industry and market?
A131290 volatility
A131290 Average Weekly Movement6.3%
Semiconductor Industry Average Movement6.5%
Market Average Movement6.5%
10% most volatile stocks in KR Market11.0%
10% least volatile stocks in KR Market4.0%

Stable Share Price: A131290 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A131290's weekly volatility (6%) has been stable over the past year.

About the Company

1994620Sang-Joon Kwon

TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally. The company offers probe cards, including high performance and vertical mems probe cards, and OLED fixel test solutions; standard interface solutions, such as high speed and high parallelism interface solutions; and tester on-board interface products, including BOST, CFDS, and power boost interface solutions. It also provides test sockets comprising MEMS rubber contact and pogo sockets; low cost tester solutions, manipulators, and RF test systems for semiconductors; electrical array testers, electrical touch sensor test systems, and OLED pattern generators; LED testers and equipment; and HSIO loopback components.

TSE Fundamentals Summary

How do TSE's earnings and revenue compare to its market cap?
A131290 fundamental statistics
Market Cap₩605.72b
Earnings (TTM)₩51.98b
Revenue (TTM)₩327.06b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A131290 income statement (TTM)
Cost of Revenue₩219.23b
Gross Profit₩107.83b
Other Expenses₩55.85b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)4.88k
Gross Margin32.97%
Net Profit Margin15.89%
Debt/Equity Ratio12.3%

How did A131290 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is A131290 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


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 A131290?

Other financial metrics that can be useful for relative valuation.

A131290 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/Revenue1.9x
Enterprise Value/EBITDA7x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does A131290's PE Ratio compare to its peers?

A131290 PE Ratio vs Peers
The above table shows the PE ratio for A131290 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.1x
A084370 Eugene TechnologyLtd
A166090 Hana Materials
A095340 ISC
A272290 INNOX Advanced MaterialsLtd
A131290 TSE

Price-To-Earnings vs Peers: A131290 is expensive based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does A131290's PE Ratio compare vs other companies in the KR Semiconductor Industry?

Price-To-Earnings vs Industry: A131290 is expensive based on its Price-To-Earnings Ratio (11.7x) compared to the KR Semiconductor industry average (10.4x)

Price to Earnings Ratio vs Fair Ratio

What is A131290'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.

A131290 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: A131290 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

Share Price vs Fair Value

What is the Fair Price of A131290 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A131290 (₩56900) is trading below our estimate of fair value (₩287426.11)

Significantly Below Fair Value: A131290 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: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A131290's forecast earnings growth (33% per year) is above the savings rate (3.6%).

Earnings vs Market: A131290's earnings (33% per year) are forecast to grow faster than the KR market (16.3% per year).

High Growth Earnings: A131290's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A131290's revenue (21.6% per year) is forecast to grow faster than the KR market (9.8% per year).

High Growth Revenue: A131290's revenue (21.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A131290's Return on Equity is forecast to be high in 3 years time (29.1%)

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Past Performance

How has TSE performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A131290 has high quality earnings.

Growing Profit Margin: A131290's current net profit margins (15.9%) are higher than last year (9.6%).

Past Earnings Growth Analysis

Earnings Trend: A131290 has become profitable over the past 5 years, growing earnings by 40% per year.

Accelerating Growth: A131290's earnings growth over the past year (87.8%) exceeds its 5-year average (40% per year).

Earnings vs Industry: A131290 earnings growth over the past year (87.8%) exceeded the Semiconductor industry 48%.

Return on Equity

High ROE: A131290's Return on Equity (18.2%) is considered low.

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Financial Health

How is TSE's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A131290's short term assets (₩202.6B) exceed its short term liabilities (₩78.0B).

Long Term Liabilities: A131290's short term assets (₩202.6B) exceed its long term liabilities (₩26.0B).

Debt to Equity History and Analysis

Debt Level: A131290 has more cash than its total debt.

Reducing Debt: A131290's debt to equity ratio has reduced from 13.6% to 12.3% over the past 5 years.

Debt Coverage: A131290's debt is well covered by operating cash flow (163.1%).

Interest Coverage: A131290 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A131290's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the KR market (0.94%).

High Dividend: A131290's dividend (0.88%) is low compared to the top 25% of dividend payers in the KR market (3%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, A131290 has been paying a dividend for less than 10 years.

Growing Dividend: A131290'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 (10.2%), A131290's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.7%), A131290's dividend payments are well covered by cash flows.

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


Sang-Joon Kwon (64 yo)

no data


Mr. Sang-Joon Kwon serves as the Chief Executive Officer at Tse Co., Ltd.


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 not been meaningfully diluted in the past year.

Top Shareholders

Company Information

TSE Co., Ltd's employee growth, exchange listings and data sources

Key Information

  • Name: TSE Co., Ltd
  • Ticker: A131290
  • Exchange: KOSDAQ
  • Founded: 1994
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: ₩605.719b
  • Shares outstanding: 10.65m
  • Website:

Number of Employees


  • TSE Co., Ltd
  • 134 Gunseo-ri
  • Jiksan-eup
  • Cheonan-si
  • Chungcheongnam-do
  • 331-811
  • South Korea


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.