Tillkännagivande • Jun 12
Chips&Media Inc. Completes Development Of Next-Gen AV2 HW Decoder IP Chips&Media Inc. has completed the development of its hardware IP supporting AV2, the next-generation high-efficiency video codec from AOMedia (Alliance for Open Media). This development positions Chips&Media at the epicenter of the global video standards competition, adding the latest technology to its comprehensive lineup that covers all major video standards. AV2 is designed to provide an improvement in compression efficiency of approximately 20-30% or more compared to AV1. Chips&Media's core competitive advantage lies in its ability to seamlessly implement and optimize the complex, newly introduced coding tools within the AV2 standard into a low-power hardware architecture. This ensures robust performance and high fidelity in video processing. The newly developed AV2 decoder will be integrated into the ‘WAVE’ series, Chips&Media's multi-codec lineup. Furthermore, it will be offered in customizable configurations—supporting combinations with other standard codecs and specific performance targets such as 4K@240fps or 8K@60fps based on customer requirements. Major North American OTT giants, including YouTube (Google) and Netflix, are currently leading the expansion of the AV codec ecosystem to reduce data costs and enhance user experience. By proactively developing AV2 IP in line with these market trends, Chips&Media has secured strong justification in the next-generation video streaming device and SoC markets. Chips&Media continues to play an important role as a key contributor to the global video standard landscape. Chips&Media has been a vital partner for the device ecosystem for video standards from AOMedia and other open media projects, consistently providing rapid hardware IP support for standards like VP9, AV1, and now AV2. Commercialization and delivery schedule focused on the U.S. market. Regarding the delivery schedule, the HW RTL will be available in May. This ensures stable technical support aligned with the next-generation chip development schedules of customers. WAVE63F1 is a high-performance multi format codec IP including AV2 decoder and AV1, VVC/H.266, HEVC/H.265, AVC/H.264,VP9 built on Chips&Media’s latest video codec IP platform, WAVE6 Gen2+. Price Target Changed • Jun 10
Price target increased by 8.7% to ₩25,000 Up from ₩23,000, the current price target is an average from 2 analysts. New target price is 88% above last closing price of ₩13,300. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₩484 for next year compared to ₩291 last year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩14,920, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Communications industry in South Korea. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,319 per share. Tillkännagivande • Apr 25
Chips&Media, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Chips&Media, Inc. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 17
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₩291 (down from ₩487 in FY 2024). Revenue: ₩28.5b (up 5.1% from FY 2024). Net income: ₩5.92b (down 41% from FY 2024). Profit margin: 21% (down from 37% in FY 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 35% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. New Risk • Mar 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (21% net profit margin). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩14,550, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 38x in the Communications industry in South Korea. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,612 per share. Tillkännagivande • Feb 24
Chips&Media, Inc., Annual General Meeting, Mar 24, 2026 Chips&Media, Inc., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 509, teheran-ro, gangnam-gu, seoul South Korea Tillkännagivande • Jan 05
Chips&Media, Inc. and Visionary.ai Unveil the AI-Based Full Image Signal Processor, Redefining the Future of Image Quality Chips&Media, Inc. and Visionary.ai announced the launch of the world's first AI-based full Image Signal Processor (ISP). The new ISP offers a software-defined imaging pipeline that supercharges video quality in real time. The new AI ISP replaces traditional hardware-based pipelines with intelligent neural networks, marking a paradigm shift for the imaging industry. It will be showcased publicly for the first time at CES 2026. Software-Defined Imaging: For decades, ISPs have been rigid, fixed-function hardware chips, limited in their image quality performance, and unable to adapt after production. The Visionary.ai-Chips&Media collaboration transforms this model completely, introducing an AI software-based full ISP pipeline that produces exceptional video quality. Moreover, the software can be tuned, optimized, and updated over the air. This breakthrough builds upon Visionary.ai's widely acclaimed AI denoiser, extending it into a full imaging pipeline that leverages both companies' deep expertise in AI, computer vision, and hardware acceleration. The AI ISP delivers a generational leap in performance and efficiency: Superior video quality across all lighting and motion conditions, in real-time, with reduced blur and noise, increased sharpness and color accuracy. Improved object detection, enhancing computer vision accuracy downstream. Results in low light show over 75% increase in detection, and 91% reduction in false positives. Full software flexibility, allowing instant tuning and over-the-air updates. Efficient NPU utilization, achieving high-precision, real-time imaging on devices with low power consumption and competitive area efficiency. Competitive Power and Area Efficiency: The AI ISP will debut at CES 2026, where attendees can experience live demonstrations at Booth 61701, Venetian Expo, Eureka Park, Hall G. The technology will be available for OEM evaluation shortly thereafter. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.1%). Tillkännagivande • Dec 09
Chips&Media, Inc. announced that it expects to receive KRW 10 billion in funding Chips&Media, Inc. announced a private placement to issue Zero Coupon Series 3 Unregistered Non-Interest Unsecured Private Convertible Bonds due December 17, 2030 for gross proceeds of KRW 10,000,000,000 on December 8, 2025. The transaction will include participation from new investors Apex Newmain New Technology Fund No. 1 The transaction has been approved by shareholders, expected to close on December 17, 2025, bears zero coupon rate, zero maturity rate, matures on December 17, 2030, restricted to a hold period, 100% convertible into 511,744 shares at a fixed conversion price of KRW 19,541 from December 24, 2025 to November 17, 2030. New Risk • Dec 05
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 8.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩19,380, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 28x in the Communications industry in Asia. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,899 per share. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Shareholders will receive a dividend of ₩100.00. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Nov 07
Chips&Media, Inc. announces Annual dividend, payable on April 20, 2026 Chips&Media, Inc. announced Annual dividend of KRW 100.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Price Target Changed • Oct 23
Price target decreased by 9.0% to ₩22,300 Down from ₩24,500, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ₩16,260. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₩426 for next year compared to ₩487 last year. Buy Or Sell Opportunity • Sep 09
Now 21% overvalued Over the last 90 days, the stock has fallen 8.0% to ₩16,030. The fair value is estimated to be ₩13,264, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩13,780, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩18,713 per share. Buy Or Sell Opportunity • Apr 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₩14,080. The fair value is estimated to be ₩18,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Mar 15
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩487 (up from ₩1,412 loss in FY 2023). Revenue: ₩27.1b (down 1.8% from FY 2023). Net income: ₩10.0b (up ₩36.7b from FY 2023). Profit margin: 37% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 04
Now 20% undervalued Over the last 90 days, the stock has risen 36% to ₩17,520. The fair value is estimated to be ₩22,011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Feb 19
Chips&Media, Inc., Annual General Meeting, Mar 20, 2025 Chips&Media, Inc., Annual General Meeting, Mar 20, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 509, teheran-ro, gangnam-gu, seoul South Korea Price Target Changed • Feb 12
Price target increased by 18% to ₩29,000 Up from ₩24,500, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ₩21,200. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₩334 next year compared to a net loss per share of ₩1,412 last year. New Risk • Jan 15
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: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₩82.00 (vs ₩175 in 3Q 2023) Third quarter 2024 results: EPS: ₩82.00 (down from ₩175 in 3Q 2023). Revenue: ₩7.03b (up 1.1% from 3Q 2023). Net income: ₩1.68b (down 48% from 3Q 2023). Profit margin: 24% (down from 47% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 35% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 22
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 4,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 trust agreement with Korea Investment & Securities Co. Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until April 23, 2025. As of October 21, 2024, the company had 464,197 common shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Tillkännagivande • Aug 28
Chips&Media, Inc. (KOSDAQ:A094360) agreed to acquire an unknown minority stake in Dongsim Science & Technology (Suzhou) Co., Ltd. for CNY 36 million. Chips&Media, Inc. (KOSDAQ:A094360) agreed to acquire an unknown minority stake in Dongsim Science & Technology (Suzhou) Co., Ltd. for CNY 36 million on August 26, 2024. A cash consideration of CNY 36 million will be paid by Chips&Media, Inc. The expected completion of the transaction is September 30, 2024. Buy Or Sell Opportunity • Aug 16
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to ₩16,330. The fair value is estimated to be ₩13,451, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Jul 30
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 3,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 trust agreement with Korea Investment & Securities Co. Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 31, 2025. As of July 29, 2024, the company had 276,874common shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Buy Or Sell Opportunity • May 28
Now 22% overvalued Over the last 90 days, the stock has fallen 15% to ₩25,050. The fair value is estimated to be ₩20,610, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • May 23
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 3,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 trust agreement with KOREA INVESTMENT & SECURITIES CO. LTD. The purpose behind the program is to stabilize the stock price and to improve shareholder value. The program will continue until November 23, 2024. As of May 21, 2024, the company had 140,982 common shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Tillkännagivande • Apr 26
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 3,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 trust agreement with KOREA INVESTMENT & SECURITIES CO. LTD. The purpose behind the program is to stabilize the stock price and to improve shareholder value. The program will continue until October 25, 2024. As of April 23, 2024, the company had 0 common shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions. Reported Earnings • Mar 15
Full year 2023 earnings released: ₩1,412 loss per share (vs ₩521 profit in FY 2022) Full year 2023 results: ₩1,412 loss per share (down from ₩521 profit in FY 2022). Revenue: ₩27.6b (up 15% from FY 2022). Net loss: ₩26.7b (down 368% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩98.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.3%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩350 (vs ₩175 in 3Q 2022) Third quarter 2023 results: EPS: ₩350 (up from ₩175 in 3Q 2022). Revenue: ₩6.95b (up 20% from 3Q 2022). Net income: ₩3.24b (up 92% from 3Q 2022). Profit margin: 47% (up from 29% in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Jul 26
Now 21% undervalued Over the last 90 days, the stock is up 70%. The fair value is estimated to be ₩47,764, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩43,350, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 383% over the past three years. New Risk • Jul 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (29% accrual ratio). Buying Opportunity • Jul 06
Now 21% undervalued Over the last 90 days, the stock is up 61%. The fair value is estimated to be ₩47,737, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩38,400, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 357% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩33,900, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Communications industry in Asia. Total returns to shareholders of 315% over the past three years. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ₩245 (vs ₩105 in 1Q 2022) First quarter 2023 results: EPS: ₩245 (up from ₩105 in 1Q 2022). Revenue: ₩6.49b (up 28% from 1Q 2022). Net income: ₩2.29b (up 126% from 1Q 2022). Profit margin: 35% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩26,350, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Communications industry in Asia. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩22,350, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Communications industry in South Korea. Total returns to shareholders of 233% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩1,041 (vs ₩650 in FY 2021) Full year 2022 results: EPS: ₩1,041 (up from ₩650 in FY 2021). Revenue: ₩24.1b (up 21% from FY 2021). Net income: ₩9.96b (up 59% from FY 2021). Profit margin: 41% (up from 31% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩18,300, the stock trades at a trailing P/E ratio of 21.6x. Average forward P/E is 12x in the Communications industry in South Korea. Total returns to shareholders of 131% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩163 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 07 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (1.2%). Tillkännagivande • Dec 06
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 2,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program will expire on June 5, 2023. As of December 4, 2022, the company had 166,640 shares in treasury within scope available for dividend and had 1,874 shares in treasury through other acquisitions. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩175 (vs ₩194 in 3Q 2021) Third quarter 2022 results: EPS: ₩175 (down from ₩194 in 3Q 2021). Revenue: ₩5.77b (up 11% from 3Q 2021). Net income: ₩1.68b (down 10.0% from 3Q 2021). Profit margin: 29% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in South Korea. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 07
Chips&Media, Inc. announced that it expects to receive KRW 9.999988602 billion in funding from Ki Semiconductor Investment Co., Ltd. Chips&Media, Inc. announced a private placement through a third party allocation method of 771,247 convertible preferred stock with voting rights at an issue price of KRW 12,966 for gross proceeds of KRW 9,999,988,602 on October 5, 2022. The transaction will include participation from returning investor, Ki Semiconductor Investment Co., Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on November 30, 2022. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩14,250, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 17x in the Communications industry in South Korea. Total returns to shareholders of 104% over the past three years. Tillkännagivande • Jul 06
Chips&Media, Inc. (KOSDAQ:A094360) announces an Equity Buyback for KRW 3,000 million worth of its shares. Chips&Media, Inc. (KOSDAQ:A094360) 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 Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program will expire on January 3, 2023. As of July 3, 2022, the company had no shares in treasury within scope available for allotment and had 1,874 shares in treasury through other acquisitions. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩15,700, the stock trades at a trailing P/E ratio of 22.9x. Average forward P/E is 20x in the Communications industry in South Korea. Total returns to shareholders of 67% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₩650 (up from ₩200 in FY 2020). Revenue: ₩20.0b (up 30% from FY 2020). Net income: ₩6.27b (up 225% from FY 2020). Profit margin: 31% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 16%, compared to a 56% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₩24,200, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Communications industry in South Korea. Total returns to shareholders of 403% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₩19,650, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 25x in the Communications industry in South Korea. Total returns to shareholders of 312% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 18% share price gain to ₩15,800, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Communications industry in South Korea. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩12,300, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Communications industry in South Korea. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 19% share price gain to ₩17,000, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Communications industry in South Korea. Total returns to shareholders of 195% over the past three years. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₩200 (vs ₩469 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩15.4b (down 4.6% from FY 2019). Net income: ₩1.93b (down 57% from FY 2019). Profit margin: 13% (down from 28% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 17
Chips&Media, Inc., Annual General Meeting, Mar 18, 2021 Chips&Media, Inc., Annual General Meeting, Mar 18, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₩17,100, the stock is trading at a trailing P/E ratio of 44.1x, up from the previous P/E ratio of 38.3x. This compares to an average P/E of 24x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 151%. Is New 90 Day High Low • Feb 17
New 90-day high: ₩17,100 The company is up 43% from its price of ₩12,000 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 13% over the same period. Tillkännagivande • Jan 26
Chips&Media, Inc. to Report Q4, 2020 Results on Jan 28, 2021 Chips&Media, Inc. announced that they will report Q4, 2020 results on Jan 28, 2021 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 20% share price gain to ₩15,400, the stock is trading at a trailing P/E ratio of 39.7x, up from the previous P/E ratio of 33x. This compares to an average P/E of 19x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 100%. Is New 90 Day High Low • Jan 11
New 90-day high: ₩14,150 The company is up 5.0% from its price of ₩13,450 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₩13,100, the stock is trading at a trailing P/E ratio of 33.8x, up from the previous P/E ratio of 29.3x. This compares to an average P/E of 20x in the Communications industry in South Korea. Total returns to shareholders over the past three years are 101%. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩117 Per Share Will be paid on the 14th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.0% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (0.7%). Is New 90 Day High Low • Oct 05
New 90-day high: ₩13,400 The company is up 60% from its price of ₩8,390 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩11,372 per share.