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A192

Spigen Korea KOSDAQ:A192440 Stock Report

Last Price

₩33.10k

Market Cap

₩199.0b

7D

-2.5%

1Y

-29.7%

Updated

04 Oct, 2022

Data

Company Financials +
A192440 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

A192440 Stock Overview

Spigen Korea Co., Ltd. operates as a life style design company in South Korea, North America, Europe, and internationally.

Spigen Korea Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Spigen Korea
Historical stock prices
Current Share Price₩33,100.00
52 Week High₩49,650.00
52 Week Low₩31,950.00
Beta1.11
1 Month Change-9.07%
3 Month Change-9.32%
1 Year Change-29.72%
3 Year Change-43.23%
5 Year Change-18.27%
Change since IPO-22.39%

Recent News & Updates

Apr 13
Shareholders Are Optimistic That Spigen Korea (KOSDAQ:192440) Will Multiply In Value

Shareholders Are Optimistic That Spigen Korea (KOSDAQ:192440) Will Multiply In Value

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...

Mar 30
Spigen Korea Co., Ltd.'s (KOSDAQ:192440) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Spigen Korea Co., Ltd.'s (KOSDAQ:192440) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Is Spigen Korea Co., Ltd. ( KOSDAQ:192440 ) a good dividend stock? How can we tell? Dividend paying companies with...

Mar 15
Spigen Korea Co., Ltd.'s (KOSDAQ:192440) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Spigen Korea Co., Ltd.'s (KOSDAQ:192440) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

With its stock down 4.3% over the past three months, it is easy to disregard Spigen Korea (KOSDAQ:192440). However...

Shareholder Returns

A192440KR TechKR Market
7D-2.5%-1.5%-2.9%
1Y-29.7%-27.5%-29.0%

Return vs Industry: A192440 underperformed the KR Tech industry which returned -27.5% over the past year.

Return vs Market: A192440 matched the KR Market which returned -29% over the past year.

Price Volatility

Is A192440's price volatile compared to industry and market?
A192440 volatility
A192440 Average Weekly Movement2.7%
Tech Industry Average Movement5.5%
Market Average Movement5.9%
10% most volatile stocks in KR Market10.6%
10% least volatile stocks in KR Market3.6%

Stable Share Price: A192440 is less volatile than 75% of KR stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: A192440's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009336Dae-Young Kimhttps://www.spigenkorea.co.kr

Spigen Korea Co., Ltd. operates as a life style design company in South Korea, North America, Europe, and internationally. It offers mobile cases, screen protectors, chargers, and other products. The company also operates ChangoSaver, an e-commerce fulfillment solution; AMZsaver, a logistics solution; and GoSelly for beauty products and contents.

Spigen Korea Fundamentals Summary

How do Spigen Korea's earnings and revenue compare to its market cap?
A192440 fundamental statistics
Market Cap₩198.98b
Earnings (TTM)₩35.08b
Revenue (TTM)₩412.03b

5.7x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A192440 income statement (TTM)
Revenue₩412.03b
Cost of Revenue₩133.30b
Gross Profit₩278.73b
Other Expenses₩243.65b
Earnings₩35.08b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.82k
Gross Margin67.65%
Net Profit Margin8.51%
Debt/Equity Ratio5.8%

How did A192440 perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

14%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A192440 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-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 A192440?

Other financial metrics that can be useful for relative valuation.

A192440 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/Revenue0.2x
Enterprise Value/EBITDA1.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does A192440's PE Ratio compare to its peers?

A192440 PE Ratio vs Peers
The above table shows the PE ratio for A192440 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
A052400 Kona ILtd
4.1xn/a₩211.4b
A052330 Kortek
44.8xn/a₩141.0b
A029530 sindohLtd
2.4xn/a₩283.2b
A033320 JCH Systems
17xn/a₩71.2b
A192440 Spigen Korea
5.7xn/a₩199.0b

Price-To-Earnings vs Peers: A192440 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (17.1x).


Price to Earnings Ratio vs Industry

How does A192440's PE Ratio compare vs other companies in the Asian Tech Industry?

Price-To-Earnings vs Industry: A192440 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Asian Tech industry average (13.2x)


Price to Earnings Ratio vs Fair Ratio

What is A192440'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.

A192440 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate A192440's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of A192440 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A192440 (₩33100) is trading above our estimate of fair value (₩14364.89)

Significantly Below Fair Value: A192440 is trading above our estimate of fair value.


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 Spigen Korea forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


-170.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if A192440's forecast earnings growth is above the savings rate (3.6%).

Earnings vs Market: Insufficient data to determine if A192440's earnings are forecast to grow faster than the KR market

High Growth Earnings: Insufficient data to determine if A192440's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A192440's revenue is expected to decline over the next 3 years (-170.8% per year).

High Growth Revenue: A192440's revenue is forecast to decline over the next 3 years (-170.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if A192440's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Spigen Korea performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A192440 has a large one-off loss of ₩16.9B impacting its June 30 2022 financial results.

Growing Profit Margin: A192440's current net profit margins (8.5%) are lower than last year (13.2%).


Past Earnings Growth Analysis

Earnings Trend: A192440's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: A192440's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A192440 had negative earnings growth (-36%) over the past year, making it difficult to compare to the Tech industry average (90.1%).


Return on Equity

High ROE: A192440's Return on Equity (8.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Spigen Korea'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: A192440's short term assets (₩246.0B) exceed its short term liabilities (₩41.9B).

Long Term Liabilities: A192440's short term assets (₩246.0B) exceed its long term liabilities (₩9.2B).


Debt to Equity History and Analysis

Debt Level: A192440 has more cash than its total debt.

Reducing Debt: A192440's debt to equity ratio has increased from 2.9% to 5.8% over the past 5 years.

Debt Coverage: A192440's debt is well covered by operating cash flow (166.4%).

Interest Coverage: A192440 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Spigen Korea current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.54%

Current Dividend Yield

Dividend Yield vs Market

Spigen Korea Dividend Yield vs Market
How does Spigen Korea dividend yield compare to the market?
SegmentDividend Yield
Company (Spigen Korea)2.5%
Market Bottom 25% (KR)1.1%
Market Top 25% (KR)3.6%
Industry Average (Tech)2.7%
Analyst forecast in 3 Years (Spigen Korea)n/a

Notable Dividend: A192440's dividend (2.54%) is higher than the bottom 25% of dividend payers in the KR market (1.14%).

High Dividend: A192440's dividend (2.54%) is low compared to the top 25% of dividend payers in the KR market (3.57%).


Stability and Growth of Payments

Stable Dividend: A192440 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A192440 has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (14.4%), A192440's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.8%), A192440's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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


CEO

Dae-Young Kim

no data

Tenure

Dae-Young Kim serves as Chief Executive Officer of Spigen Korea Co., Ltd.


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

What is the ownership structure of A192440?
Owner TypeNumber of SharesOwnership Percentage
Institutions654,47110.9%
Individual Insiders2,547,92542.3%
General Public2,827,43646.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 10 shareholders own 51.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
41.24%
Dae-Young Kim
2,486,545₩82.3b0%no data
5.17%
Swedbank Robur Fonder AB
312,000₩10.3b0%0.01%
2.39%
Norges Bank Investment Management
144,130₩4.8b0%no data
0.91%
Dimensional Fund Advisors LP
55,014₩1.8b-4.75%no data
0.83%
Cheol-Gyu Choi
50,000₩1.7b0%no data
0.25%
Schroder Investment Management Limited
14,911₩493.6m0%no data
0.12%
Go-eun Lee
7,000₩231.7m0%no data
0.073%
Bong-hwan Kook
4,380₩145.0m0%no data
0.063%
Ascender Capital Limited
3,800₩125.8m0%2.14%
0.016%
Lingohr & Partner Asset Management GmbH
971₩32.1m0%no data

Company Information

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


Key Information

  • Name: Spigen Korea Co., Ltd.
  • Ticker: A192440
  • Exchange: KOSDAQ
  • Founded: 2009
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: ₩198.984b
  • Shares outstanding: 6.03m
  • Website: https://www.spigenkorea.co.kr

Number of Employees


Location

  • Spigen Korea Co., Ltd.
  • 446, Bongeunsa-ro
  • Gangnam-gu
  • Seoul
  • South Korea


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A192440KOSDAQ (KOSDAQ)YesCommon StockKRKRWNov 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
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.