Solum (KOSE:A248070) - Share price, News & Analysis

Q: What is the Fair Price of A248070 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A248070 (₩21050) is trading above our estimate of [[fair value]] (₩16278.99)

A248070 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

A248070 Stock Overview

Solum Co., Ltd. manufactures and markets power modules, digital tuners, and electronic shelf labels to customers in South Korea and internationally.

Rewards

Earnings are forecast to grow 41.82% per year

Revenue grew by 7.1% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (1.2%) are lower than last year (3.3%)

Solum Competitors

KOSDAQ:A090460

₩887.8b

Daejoo Electronic Materials

KOSDAQ:A078600

₩1.3t

DAEDUCK ELECTRONICS

KOSE:A353200

₩1.4t

MCNEX

KOSE:A097520

₩650.1b

Price History & Performance

Summary of all time highs, changes and price drops for Solum
Historical stock prices
Current Share Price	₩21,050.00
52 Week High	₩32,250.00
52 Week Low	₩16,550.00
Beta	0
1 Month Change	3.95%
3 Month Change	-11.18%
1 Year Change	-20.27%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-27.79%

Shareholder Returns

	A248070	KR Electronic	KR Market
7D	1.0%	3.2%	2.1%
1Y	-20.3%	-9.8%	-19.3%

Return vs Industry: A248070 underperformed the KR Electronic industry which returned -9.8% over the past year.

Return vs Market: A248070 matched the KR Market which returned -19.3% over the past year.

Price Volatility

Is A248070's price volatile compared to industry and market?
A248070 volatility
A248070 Average Weekly Movement	5.4%
Electronic Industry Average Movement	6.6%
Market Average Movement	6.4%
10% most volatile stocks in KR Market	10.9%
10% least volatile stocks in KR Market	3.9%

Stable Share Price: A248070 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: A248070's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	402	Sung Ho Jun	https://www.solu-m.com

Solum Co., Ltd. manufactures and markets power modules, digital tuners, and electronic shelf labels to customers in South Korea and internationally. It also offers TV and monitor displays, adapters, servers, LED power modules, travel chargers for mobile devices, and data system and LED power supply units. The company was founded in 2015 and is based in Yongin-si, South Korea.

Solum Fundamentals Summary

How do Solum's earnings and revenue compare to its market cap?
A248070 fundamental statistics
Market Cap	₩1.05t
Earnings (TTM)	₩13.35b
Revenue (TTM)	₩1.15t

78.7x

P/E Ratio

0.9x

P/S Ratio

Is A248070 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A248070 income statement (TTM)
Revenue	₩0
Cost of Revenue	₩0
Gross Profit	₩0
Other Expenses	₩0
Earnings	₩0

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	267.59
Gross Margin	11.66%
Net Profit Margin	1.16%
Debt/Equity Ratio	105.1%

How did A248070 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is A248070 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 A248070?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for A248070. This is calculated by dividing A248070's market cap by their current preferred multiple.
What is A248070's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₩1.05t

A248070 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/Revenue	1.2x
Enterprise Value/EBITDA	24.9x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

How does A248070's PE Ratio compare to its peers?

A248070 PE Ratio vs Peers

The above table shows the PE ratio for A248070 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	26.7x
A090460 BH	7.4x	6.6%	₩887.8b
A078600 Daejoo Electronic Materials	64.1x	n/a	₩1.3t
A353200 DAEDUCK ELECTRONICS	16.8x	23.9%	₩1.4t
A097520 MCNEX	18.4x	19.5%	₩650.1b
A248070 Solum	78.7x	41.8%	₩1.1t

Price-To-Earnings vs Peers: A248070 is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the peer average (26.7x).

Price to Earnings Ratio vs Industry

How does A248070's PE Ratio compare vs other companies in the KR Electronic Industry?

Price-To-Earnings vs Industry: A248070 is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the KR Electronic industry average (14.8x)

Price to Earnings Ratio vs Fair Ratio

What is A248070'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.

A248070 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	78.7x
Fair PE Ratio	24.8x

Price-To-Earnings vs Fair Ratio: A248070 is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).

Share Price vs Fair Value

What is the Fair Price of A248070 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A248070 (₩21050) is trading above our estimate of fair value (₩16278.99)

Significantly Below Fair Value: A248070 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: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

41.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A248070's forecast earnings growth (41.8% per year) is above the savings rate (3.6%).

Earnings vs Market: A248070's earnings (41.8% per year) are forecast to grow faster than the KR market (16.5% per year).

High Growth Earnings: A248070's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A248070's revenue (18% per year) is forecast to grow faster than the KR market (10% per year).

High Growth Revenue: A248070's revenue (18% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A248070's Return on Equity is forecast to be high in 3 years time (23.3%)

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Past Performance

How has Solum 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

-63.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: A248070 has high quality earnings.

Growing Profit Margin: A248070's current net profit margins (1.2%) are lower than last year (3.3%).

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if A248070's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: A248070's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A248070 had negative earnings growth (-63%) over the past year, making it difficult to compare to the Electronic industry average (74.6%).

Return on Equity

High ROE: A248070's Return on Equity (4.8%) is considered low.

Discover strong past performing companies

Financial Health

How is Solum's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: A248070's short term assets (₩651.4B) exceed its short term liabilities (₩499.4B).

Long Term Liabilities: A248070's short term assets (₩651.4B) exceed its long term liabilities (₩37.6B).

Debt to Equity History and Analysis

Debt Level: A248070's net debt to equity ratio (75.1%) is considered high.

Reducing Debt: Insufficient data to determine if A248070's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: A248070's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: A248070's interest payments on its debt are well covered by EBIT (6.2x coverage).

Balance Sheet

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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate A248070's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A248070's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A248070's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A248070's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as A248070 has not reported any payouts.

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Management

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

CEO

Sung Ho Jun

no data

Tenure

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

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

Data	Last Updated (UTC time)
Company Analysis	2022/08/17 00:00
End of Day Share Price	2022/08/17 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31