Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩56,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Electronic industry in South Korea. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩63,597 per share. Buy Or Sell Opportunity • Apr 20
Now 21% undervalued Over the last 90 days, the stock has risen 35% to ₩50,200. The fair value is estimated to be ₩63,442, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are forecast to decline by 1.9% per annum over the same time period. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 27
Now 23% undervalued Over the last 90 days, the stock has risen 41% to ₩47,200. The fair value is estimated to be ₩61,258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Announcement • Feb 24
Suprema Inc., Annual General Meeting, Mar 24, 2026 Suprema Inc., Annual General Meeting, Mar 24, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 12, seongnam-daero 407beon-gil, bundang-g, gyeonggi-do, seongnam South Korea New Risk • Jan 23
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 9.9% 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: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩46,050, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩61,577 per share. New Risk • Nov 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩1,524 (vs ₩589 in 3Q 2024) Third quarter 2025 results: EPS: ₩1,524 (up from ₩589 in 3Q 2024). Revenue: ₩30.3b (up 21% from 3Q 2024). Net income: ₩10.6b (up 161% from 3Q 2024). Profit margin: 35% (up from 16% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 23
Price target increased by 35% to ₩46,000 Up from ₩34,000, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₩31,400. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of ₩4,221 for next year compared to ₩4,709 last year. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩4,709 (up from ₩3,316 in FY 2023). Revenue: ₩108.2b (up 14% from FY 2023). Net income: ₩32.5b (up 42% from FY 2023). Profit margin: 30% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Suprema Inc., Annual General Meeting, Mar 25, 2025 Suprema Inc., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 12, seongnam-daero 407beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Major Estimate Revision • Jul 23
Consensus EPS estimates increase by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩3,657 to ₩4,542. Revenue forecast steady at ₩108.1m. Net income forecast to grow 25% next year vs 46% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩40,000 to ₩44,000. Share price was steady at ₩25,200 over the past week. Reported Earnings • Mar 19
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₩3,316 (up from ₩2,560 in FY 2022). Revenue: ₩94.6b (up 5.9% from FY 2022). Net income: ₩23.0b (up 28% from FY 2022). Profit margin: 24% (up from 20% in FY 2022). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₩25,300. The fair value is estimated to be ₩21,000, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩27,500, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 12% over the past three years. Buy Or Sell Opportunity • Jan 22
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to ₩27,500. The fair value is estimated to be ₩21,054, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩802 (vs ₩1,221 in 3Q 2022) Third quarter 2023 results: EPS: ₩802 (down from ₩1,221 in 3Q 2022). Revenue: ₩21.0b (down 2.7% from 3Q 2022). Net income: ₩5.55b (down 35% from 3Q 2022). Profit margin: 26% (down from 39% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Oct 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.0b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (₩134.0b market cap, or US$99.2m). Buying Opportunity • Sep 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be ₩26,325, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. New Risk • Aug 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: 19% Last year net profit margin: 30% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Jul 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be ₩28,604, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.9%. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩2,563 (vs ₩3,172 in FY 2021) Full year 2022 results: EPS: ₩2,563 (down from ₩3,172 in FY 2021). Revenue: ₩89.4b (up 23% from FY 2021). Net income: ₩17.9b (down 21% from FY 2021). Profit margin: 20% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₩26,950, the stock trades at a trailing P/E ratio of 7.8x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₩3,172 (up from ₩1,317 in FY 2020). Revenue: ₩72.6b (up 26% from FY 2020). Net income: ₩22.7b (up 140% from FY 2020). Profit margin: 31% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Announcement • Feb 18
Suprema Inc. (KOSDAQ:A236200) announces an Equity Buyback for KRW 2,000 million worth of its shares. Suprema Inc. (KOSDAQ:A236200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The program will expire on February 17, 2023. As of February 16, 2022, the company had 201,335 treasury shares within scope available for dividend and no shares in treasury through other repurchase. Buying Opportunity • Jan 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be ₩28,359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% per annum over the last 3 years. Earnings per share has declined by 5.1% per annum over the last 3 years. Announcement • May 28
Suprema Inc. (KOSDAQ:A236200) announces an Equity Buyback for KRW 3,000 million worth of its shares. Suprema Inc. (KOSDAQ:A236200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with SamSung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The program will expire on May 26, 2022. As of May 26, 2021, the company had 38,881 treasury shares within scope available for dividend and no shares in treasury through other repurchase. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩1,317 (vs ₩3,650 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩57.8b (down 20% from FY 2019). Net income: ₩9.42b (down 64% from FY 2019). Profit margin: 16% (down from 36% in FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 19
New 90-day low: ₩27,900 The company is down 2.0% from its price of ₩28,400 on 20 November 2020. The South Korean market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 39% over the same period. Announcement • Feb 05
Suprema Inc., Annual General Meeting, Mar 23, 2021 Suprema Inc., Annual General Meeting, Mar 23, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 14
New 90-day high: ₩31,850 The company is up 5.0% from its price of ₩30,250 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 43% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: ₩29,700 The company is down 11% from its price of ₩33,250 on 24 July 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 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩40,384 per share.