Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩60,100, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 23x in the Semiconductor industry in South Korea. Total returns to shareholders of 140% over the past three years. Price Target Changed • May 18
Price target increased by 13% to ₩59,000 Up from ₩52,071, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ₩52,200. Stock is up 136% over the past year. The company is forecast to post earnings per share of ₩1,537 for next year compared to ₩901 last year. Major Estimate Revision • May 16
Consensus EPS estimates increase by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩241.0m to ₩263.1m. EPS estimate increased from ₩1,227 to ₩1,645 per share. Net income forecast to grow 39% next year vs 77% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩54,000 unchanged from last update. Share price fell 8.2% to ₩49,500 over the past week. Price Target Changed • Apr 24
Price target increased by 7.8% to ₩52,071 Up from ₩48,313, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₩53,400. Stock is up 122% over the past year. The company is forecast to post earnings per share of ₩1,235 for next year compared to ₩901 last year. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩51,000, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 23x in the Semiconductor industry in South Korea. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩32,824 per share. Price Target Changed • Apr 07
Price target increased by 7.4% to ₩48,313 Up from ₩45,000, the current price target is an average from 8 analysts. New target price is 16% above last closing price of ₩41,650. Stock is up 81% over the past year. The company is forecast to post earnings per share of ₩1,228 for next year compared to ₩901 last year. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩51,700, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩25,122 per share. Announcement • Feb 13
HPSP Co., Ltd., Annual General Meeting, Mar 27, 2026 HPSP Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 140, gwanggyojungang-ro, yeongtong-gu, gyeonggi-do, suwon South Korea Price Target Changed • Feb 03
Price target increased by 9.8% to ₩43,556 Up from ₩39,667, the current price target is an average from 9 analysts. New target price is 6.9% below last closing price of ₩46,800. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₩885 for next year compared to ₩1,056 last year. New Risk • Jan 28
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩44,000, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩19,434 per share. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩39,150, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩20,383 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.4%). Buy Or Sell Opportunity • Nov 28
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₩30,250. The fair value is estimated to be ₩24,396, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩183.0m to ₩174.8m. EPS estimate also fell from ₩1,000 per share to ₩838 per share. Net income forecast to grow 2.7% next year vs 42% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩39,000 unchanged from last update. Share price fell 11% to ₩29,050 over the past week. Announcement • Nov 07
HPSP Co., Ltd. announces Annual dividend, payable on April 10, 2026 HPSP Co., Ltd. announced Annual dividend of KRW 600.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Oct 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to ₩36,200. The fair value is estimated to be ₩29,679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Price Target Changed • Sep 27
Price target increased by 8.9% to ₩38,286 Up from ₩35,143, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ₩34,000. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of ₩1,071 for next year compared to ₩1,056 last year. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩33,150, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩30,290 per share. Major Estimate Revision • Aug 29
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩182.4m to ₩184.6m. EPS estimate increased from ₩911 to ₩1,071 per share. Net income forecast to grow 6.1% next year vs 30% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩35,143 unchanged from last update. Share price rose 6.8% to ₩26,700 over the past week. Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩191.7m to ₩181.4m. EPS estimate also fell from ₩1,085 per share to ₩925 per share. Net income forecast to grow 3.8% next year vs 15% growth forecast for Semiconductor industry in South Korea. Consensus price target broadly unchanged at ₩35,143. Share price was steady at ₩27,100 over the past week. Announcement • Feb 14
HPSP Co., Ltd., Annual General Meeting, Mar 28, 2025 HPSP Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 26, samsung 1-ro 1-gil, gyeonggi-do, hwaseong South Korea Announcement • Aug 07
HPSP Co., Ltd. (KOSDAQ:A403870) announces an Equity Buyback for KRW 50,000 million worth of its shares. HPSP Co., Ltd. (KOSDAQ:A403870) ) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 8, 2025. As of August 6, 2024, the company had 1,258,594 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Announcement • May 15
HPSP Co., Ltd. (KOSDAQ:A403870) announces an Equity Buyback for KRW 40,000 million worth of its shares. HPSP Co., Ltd. (KOSDAQ:A403870) ) announces a share repurchase program. Under the program, the company will repurchase up to KRW 40,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on November 13, 2024. As of May 13, 2024, the company had 250,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Announcement • May 10
HPSP Co., Ltd. (KOSDAQ:A403870) announces an Equity Buyback for KRW 10,000 million worth of its shares. HPSP Co., Ltd. (KOSDAQ:A403870) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its common stock. The purpose of the program is stock price stability and shareholder value enhancement and Employee Stock Compensation Total Funding. The program will expire on November 9, 2023. 
