Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩25,650, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 24x in the Semiconductor industry in South Korea. Total returns to shareholders of 26% over the past three years. Price Target Changed • Apr 30
Price target increased by 9.4% to ₩29,000 Up from ₩26,500, the current price target is provided by 1 analyst. New target price is 11% above last closing price of ₩26,200. Stock is up 54% over the past year. The company is forecast to post earnings per share of ₩3,680 for next year compared to ₩1,605 last year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩27,400, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Semiconductor industry in South Korea. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩41,428 per share. New Risk • Apr 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.2% net profit margin). Tillkännagivande • Mar 10
Advanced Process Systems Corporation, Annual General Meeting, Mar 27, 2026 Advanced Process Systems Corporation, Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 15-5, dongtansandan 8-gil, dongtan-gu, gyeonggi-do, hwaseong South Korea Tillkännagivande • Mar 09
Advanced Process Systems Corporation (KOSDAQ:A265520) announces an Equity Buyback for 131,868 shares, for KRW 3,000 million. Advanced Process Systems Corporation (KOSDAQ:A265520) announces a share repurchase program. Under the program, the company will repurchase up to 131,868 shares for KRW 3,000 million pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to enhance shareholder value and Stabilize stock prices. The program will expire on September 8, 2026. As of March 8, 2026, the company had 261,287 shares in treasury within the scope available for dividend and had 0 shares in treasury through other repurchases. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩19,300, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Semiconductor industry in South Korea. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩29,827 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩24,550, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩30,910 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩330 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 21 April 2026. The company last paid an ordinary dividend in August 2019. The average dividend yield among industry peers is 0.4%. Major Estimate Revision • Nov 24
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩510.5m to ₩448.5m. EPS estimate fell from ₩2,569 to ₩1,313 per share. Net income forecast to grow 47% next year vs 46% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩23,000 to ₩26,500. Share price fell 4.6% to ₩18,600 over the past week. Price Target Changed • Nov 22
Price target increased by 15% to ₩26,500 Up from ₩23,000, the current price target is an average from 2 analysts. New target price is 47% above last closing price of ₩18,060. Stock is up 11% over the past year. The company posted earnings per share of ₩3,448 last year. Upcoming Dividend • Jun 20
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.0%). Major Estimate Revision • May 21
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩533.2m to ₩526.9m. EPS estimate also fell from ₩3,470 per share to ₩2,233 per share. Net income forecast to shrink 36% next year vs 11% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩23,000 to ₩22,500. Share price fell 8.2% to ₩16,390 over the past week. Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₩4,110 to ₩3,470 per share. Revenue forecast steady at ₩533.2m. Net income forecast to shrink 1.6% next year vs 25% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩23,000 unchanged from last update. Share price fell 2.2% to ₩18,200 over the past week. Tillkännagivande • Mar 14
Advanced Process Systems Corporation, Annual General Meeting, Mar 28, 2025 Advanced Process Systems Corporation, Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 15-5, dongtansandan 8-gil, dongtan-myeon, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,650, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total loss to shareholders of 8.5% over the past three years. Tillkännagivande • Jan 07
Advanced Process Systems Corporation (KOSDAQ:A265520) announces an Equity Buyback for KRW 4,000 million worth of its shares. Advanced Process Systems Corporation (KOSDAQ:A265520) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to enhance shareholder value and Stabilize stock prices. The program will expire on January 7, 2026. As of January 6, 2025, the company had 215,287 shares in treasury within the scope available for dividend and had 0 shares in treasury through other repurchases. Upcoming Dividend • Dec 20
Upcoming dividend of ₩270 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 22 April 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (0.8%). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Dec 09
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩499.3m to ₩488.0m. EPS estimate also fell from ₩3,927 per share to ₩3,372 per share. Net income forecast to shrink 12% next year vs 60% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩23,000 unchanged from last update. Share price fell 8.0% to ₩16,290 over the past week. Major Estimate Revision • Oct 30
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩3,397 to ₩3,927. Revenue forecast steady at ₩499.3m. Net income forecast to shrink 5.0% next year vs 65% growth forecast for Semiconductor industry in South Korea . Consensus price target down from ₩36,500 to ₩24,500. Share price fell 2.3% to ₩17,480 over the past week. Tillkännagivande • Oct 11
Advanced Process Systems Corporation (KOSDAQ:A265520) agreed to acquire 4.79% stake in NEXTIN, Inc. (KOSDAQ:A348210) from APS Inc. (KOSDAQ:A054620) for KRW 27.8 billion. Advanced Process Systems Corporation (KOSDAQ:A265520) agreed to acquire 4.79% stake in NEXTIN, Inc. (KOSDAQ:A348210) from APS Inc. (KOSDAQ:A054620) for KRW 27.8 billion on October 10, 2024. A cash consideration of KRW 27.75 billion will be paid by Advanced Process Systems Corporation for 500,000 shares. The expected completion of the transaction is October 10, 2024. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩20,550, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total loss to shareholders of 14% over the past three years. 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 ₩16,700, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total loss to shareholders of 44% over the past three years. Tillkännagivande • Jun 20
Advanced Process Systems Corporation announced that it has received KRW 7.83861 billion in funding from Infinity Investment Advisory Co.,Ltd. and other investors On June 19, 2024, Advanced Process Systems Corporation closed the transaction. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩27,000, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total loss to shareholders of 2.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,276 per share. Buy Or Sell Opportunity • Apr 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 59% to ₩34,250. The fair value is estimated to be ₩28,301, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to decline by 6.3% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩27,850, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total loss to shareholders of 6.3% over the past three years. Tillkännagivande • Mar 14
Advanced Process Systems Corporation (KOSDAQ:A265520) agreed to acquire a 4.65% stake in NEXTIN, Inc. (KOSDAQ:A348210) from APS Inc. (KOSDAQ:A054620) for KRW 35 billion Advanced Process Systems Corporation (KOSDAQ:A265520) agreed to acquire a 4.65% stake in NEXTIN, Inc. (KOSDAQ:A348210) from APS Inc. (KOSDAQ:A054620) for KRW 35 billion on March 13, 2024. Price Target Changed • Jan 30
Price target increased by 21% to ₩23,000 Up from ₩19,000, the current price target is an average from 2 analysts. New target price is 10% above last closing price of ₩20,900. Stock is up 9.7% over the past year. The company is forecast to post earnings per share of ₩3,592 for next year compared to ₩5,463 last year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩270 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.0%). Major Estimate Revision • Nov 29
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩516.8m to ₩534.0m. EPS estimate increased from ₩2,979 to ₩3,592 per share. Net income forecast to shrink 30% next year vs 29% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩19,000 to ₩20,000. Share price rose 2.7% to ₩20,850 over the past week. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩19,800, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,262 per share. New Risk • Aug 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% 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 Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Major Estimate Revision • May 16
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩460.0m to ₩516.7m. EPS estimate increased from ₩2,122 to ₩2,979 per share. Net income forecast to shrink 53% next year vs 19% growth forecast for Semiconductor industry in South Korea . Consensus price target of ₩19,000 unchanged from last update. Share price was steady at ₩19,720 over the past week. Upcoming Dividend • Dec 21
Upcoming dividend of ₩240 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 3.8% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Price Target Changed • Nov 16
Price target decreased to ₩22,500 Down from ₩28,500, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ₩18,900. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₩6,121 for next year compared to ₩3,932 last year. Tillkännagivande • Jul 25
Advanced Process Systems Corporation (KOSDAQ:A265520) announces an Equity Buyback for KRW 3,000 million worth of its shares. Advanced Process Systems Corporation (KOSDAQ:A265520) 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 Daishin Securities Co., Ltd. The purpose of the program is to enhance shareholder value. The program will expire on January 25, 2023. As of July 24, 2022, the company had 215,287 shares in treasury within the scope available for dividend and had 0 shares in treasury through other repurchases. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩16,150, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩14,942 per share. Price Target Changed • Apr 27
Price target decreased to ₩29,625 Down from ₩32,300, the current price target is an average from 3 analysts. New target price is 25% above last closing price of ₩23,750. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₩2,979 for next year compared to ₩3,932 last year. Price Target Changed • Dec 28
Price target decreased to ₩33,617 Down from ₩36,300, the current price target is an average from 6 analysts. New target price is 33% above last closing price of ₩25,350. Stock is up 3.3% over the past year. The company is forecast to post earnings per share of ₩2,177 for next year compared to ₩1,736 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 4.0% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.9%). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS ₩1,736 (vs ₩671 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩591.8b (up 28% from FY 2019). Net income: ₩25.0b (up 164% from FY 2019). Profit margin: 4.2% (up from 2.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Price Target Changed • Mar 13
Price target raised to ₩34,900 Up from ₩32,455, the current price target is an average from 8 analysts. The new target price is 20% above the current share price of ₩29,000. As of last close, the stock is up 16% over the past year. Is New 90 Day High Low • Feb 10
New 90-day high: ₩27,700 The company is up 20% from its price of ₩23,100 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩16,132 per share. Is New 90 Day High Low • Jan 26
New 90-day high: ₩27,200 The company is up 26% from its price of ₩21,550 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 55% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩24,101 per share. Is New 90 Day High Low • Jan 04
New 90-day high: ₩25,500 The company is up 15% from its price of ₩22,250 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩24,053 per share. Is New 90 Day High Low • Dec 12
New 90-day high: ₩24,300 The company is up 5.0% from its price of ₩23,150 on 11 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩23,927 per share. Is New 90 Day High Low • Oct 30
New 90-day low: ₩20,950 The company is down 21% from its price of ₩26,450 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩50,451 per share.