New Risk • Mar 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (15% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩13,600, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electronic industry in South Korea. Total loss to shareholders of 4.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩19,812 per share. Buy Or Sell Opportunity • Mar 04
Now 31% undervalued Over the last 90 days, the stock has risen 16% to ₩13,600. The fair value is estimated to be ₩19,812, however this is not to be taken as a buy 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 32%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩16,610, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in South Korea. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩17,474 per share. Buy Or Sell Opportunity • Jan 16
Now 22% undervalued Over the last 90 days, the stock has risen 3.8% to ₩13,550. The fair value is estimated to be ₩17,350, however this is not to be taken as a buy 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 32%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. New Risk • Jan 12
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 10.0% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩14,140, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electronic industry in South Korea. Total returns to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,754 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩280 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Nov 07
Now 24% undervalued Over the last 90 days, the stock has risen 2.2% to ₩12,110. The fair value is estimated to be ₩15,983, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Oct 23
Now 21% undervalued Over the last 90 days, the stock has risen 4.3% to ₩12,680. The fair value is estimated to be ₩16,096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Sep 23
Now 23% undervalued Over the last 90 days, the stock has risen 17% to ₩12,610. The fair value is estimated to be ₩16,324, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Announcement • Sep 23
KHVATEC Co.,Ltd. announced that it has received KRW 25.02312 billion in funding from NH Investment & Securities Co., Ltd. On September 22, 2025, KHVATEC Co.,Ltd. closed the transaction. Major Estimate Revision • Sep 04
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩387.4m to ₩436.7m. EPS estimate increased from ₩775 to ₩920 per share. Net income forecast to grow 54% next year vs 42% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩14,500 to ₩16,000. Share price rose 5.0% to ₩13,540 over the past week. Buy Or Sell Opportunity • Aug 28
Now 21% undervalued Over the last 90 days, the stock has risen 25% to ₩12,900. The fair value is estimated to be ₩16,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩13,120, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,321 per share. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩13,020, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩18,827 per share. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩391.4m to ₩385.7m. EPS estimate also fell from ₩1,237 per share to ₩1,090 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩14,000 to ₩14,500. Share price rose 4.8% to ₩11,220 over the past week. Upcoming Dividend • Jun 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.5%). New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩9,080, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 53% over the past three years. Price Target Changed • Apr 03
Price target decreased by 7.7% to ₩16,000 Down from ₩17,333, the current price target is an average from 3 analysts. New target price is 83% above last closing price of ₩8,760. Stock is down 45% over the past year. The company is forecast to post earnings per share of ₩1,211 for next year compared to ₩981 last year. Announcement • Feb 28
KHVATEC Co.,Ltd., Annual General Meeting, Mar 28, 2025 KHVATEC Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:30 Tokyo Standard Time. Location: conference room, 253, sanho-daero, gyeongsangbuk-do, gumi South Korea Major Estimate Revision • Jan 24
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩368.5m to ₩305.3m. EPS estimate fell from ₩1,223 to ₩818 per share. Net income forecast to grow 144% next year vs 36% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩17,333 to ₩16,667. Share price fell 3.6% to ₩9,170 over the past week. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩9,480, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 57% over the past three years. Price Target Changed • Sep 27
Price target decreased by 7.7% to ₩18,000 Down from ₩19,500, the current price target is an average from 4 analysts. New target price is 73% above last closing price of ₩10,420. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩1,133 for next year compared to ₩1,591 last year. Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩406.5m to ₩375.4m. EPS estimate also fell from ₩1,483 per share to ₩1,114 per share. Net income forecast to grow 43% next year vs 51% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩20,250 to ₩19,500. Share price was steady at ₩10,830 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩9,660, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 55% over the past three years. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩434.5m to ₩406.5m. EPS estimate also fell from ₩1,654 per share to ₩1,483 per share. Net income forecast to grow 40% next year vs 44% growth forecast for Electronic industry in South Korea. Consensus price target broadly unchanged at ₩20,100. Share price fell 4.3% to ₩14,780 over the past week. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩15,600, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share at 2.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). New Risk • Nov 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.4% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (243% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Price Target Changed • Nov 25
Price target decreased by 10% to ₩21,750 Down from ₩24,250, the current price target is an average from 4 analysts. New target price is 51% above last closing price of ₩14,370. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₩1,838 for next year compared to ₩1,163 last year. Major Estimate Revision • Nov 21
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩450.6m to ₩408.0m. EPS estimate rose from ₩1,609 to ₩1,846. Net income forecast to grow 20% next year vs 49% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩24,250 to ₩23,500. Share price fell 3.8% to ₩15,500 over the past week. Announcement • Sep 09
KHVATEC Co.,Ltd. (KOSDAQ:A060720) announces an Equity Buyback for KRW 6,000 million worth of its shares. KHVATEC Co.,Ltd. (KOSDAQ:A060720) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,000 million worth of its shares under the contract with Hyundai Motor Securities Co., Ltd. The purpose of the program is to stabilize the stock price and to enhance the shareholders’ value. The program will be valid till September 6, 2024. As of September 6, 2023, the company had 995,133 common shares in treasury under the dividend capacity and 4,867 common shares in treasury under other capacities. New Risk • Aug 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩15,030, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩20,450, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 5.1% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩16,780, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Electronic industry in South Korea. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩24,032 per share. Upcoming Dividend • Dec 21
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Major Estimate Revision • Nov 17
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₩430.3m to ₩380.1m. EPS estimate fell from ₩1,613 to ₩1,477 per share. Net income forecast to shrink 14% next year vs 13% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩27,250 to ₩25,250. Share price rose 2.6% to ₩13,850 over the past week. Price Target Changed • Nov 16
Price target decreased to ₩27,250 Down from ₩32,250, the current price target is an average from 4 analysts. New target price is 89% above last closing price of ₩14,400. Stock is down 43% over the past year. The company is forecast to post earnings per share of ₩1,613 for next year compared to ₩1,457 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩14,150, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Electronic industry in South Korea. Total loss to shareholders of 31% over the past three years. Price Target Changed • Oct 20
Price target decreased to ₩27,250 Down from ₩32,250, the current price target is an average from 4 analysts. New target price is 125% above last closing price of ₩12,100. Stock is down 48% over the past year. The company is forecast to post earnings per share of ₩1,613 for next year compared to ₩1,457 last year. Major Estimate Revision • Oct 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩1,864 to ₩1,617 per share. Revenue forecast steady at ₩443.1m. Net income forecast to shrink 3.5% next year vs 24% growth forecast for Electronic industry in South Korea . Consensus price target down from ₩32,250 to ₩30,250. Share price fell 9.6% to ₩12,200 over the past week. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩13,950, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,008 per share. Buying Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩22,998, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩17,650, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩22,490 per share. Buying Opportunity • Jun 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₩22,490, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 48% in the next 2 years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₩21,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩16,040 per share. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Dec 29
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ₩1,231 to ₩1,097 per share. Revenue forecast steady at ₩343.2m. Net income forecast to grow 597% next year vs 66% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩32,750 to ₩34,000. Share price rose 13% to ₩25,650 over the past week. Price Target Changed • Dec 17
Price target increased to ₩32,750 Up from ₩30,200, the current price target is an average from 4 analysts. New target price is 41% above last closing price of ₩23,250. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₩1,231 next year compared to a net loss per share of ₩585 last year. Announcement • Sep 09
KHVATEC Co.,Ltd. announced that it has received KRW 33.5 billion in funding On September 8, 2021, KHVATEC Co.,Ltd. closed the transaction. Price Target Changed • Sep 09
Price target increased to ₩29,800 Up from ₩27,600, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₩29,400. Stock is up 32% over the past year. Price Target Changed • Jun 26
Price target increased to ₩25,300 Up from ₩23,000, the current price target is an average from 4 analysts. New target price is 17% above last closing price of ₩21,650. Stock is down 9.8% over the past year. Is New 90 Day High Low • Mar 09
New 90-day high: ₩21,100 The company is up 18% from its price of ₩17,950 on 09 December 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩30,091 per share. Is New 90 Day High Low • Feb 01
New 90-day low: ₩17,200 The company is down 2.0% from its price of ₩17,600 on 03 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 47% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩36,512 per share. Price Target Changed • Dec 02
Price target lowered to ₩24,667 Down from ₩28,333, the current price target is an average from 3 analysts. The new target price is 34% above the current share price of ₩18,350. As of last close, the stock is down 8.3% over the past year. Major Estimate Revision • Nov 19
Analysts lower EPS estimates to ₩406 The 2020 consensus revenue estimate was lowered from ₩214.6m to ₩211.2m. Earning per share (EPS) estimate was also lowered from ₩509 to ₩406 for the same period. Net income is expected to grow by 2,712% next year compared to 59% growth forecast for the Electronic industry in South Korea. The consensus price target was lowered from ₩28,333 to ₩27,000. Share price is down by 4.3% to ₩17,800 over the past week. Is New 90 Day High Low • Oct 16
New 90-day low: ₩18,550 The company is down 22% from its price of ₩23,850 on 17 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩7,023 per share. Is New 90 Day High Low • Sep 25
New 90-day low: ₩19,400 The company is down 19% from its price of ₩24,000 on 26 June 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩7,058 per share.