New Risk • Mar 04
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 11% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Tillkännagivande • Mar 04
JNTC Co., Ltd., Annual General Meeting, Mar 31, 2026 JNTC Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 240-5, naehyangan-gil, jeongnam-myeon, gyeonggi-do, hwaseong South Korea Buy Or Sell Opportunity • Nov 21
Now 25% undervalued Over the last 90 days, the stock has risen 9.3% to ₩18,630. The fair value is estimated to be ₩24,758, 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. Meanwhile, the company became loss making. New Risk • Sep 25
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 7.5% 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Tillkännagivande • Jul 15
JNTC Co., Ltd. Unveils Next-Generation Glass Substrate for Semiconductors JNTC Co., Ltd. hosted a product launch on June 30 at the Korea Exchange Conference Hall, unveiling its new Through-Glass-Via (TGV) glass substrate under the theme Carving Semiconductors into Glass, the Dream Material.' The event drew more than 200 attendees, including journalists and investors. CEO Andrew Cho introduced the proprietary TGV glass substrate as a breakthrough solution to the limitations of plastic-based substrates. Designed for AI and high-performance computing applications, the substrate offers excellent flatness and thermal stability, which help reduce warpage and heat generation under high-speed processing. JNTC completed its domestic production line in June and expects to begin full-scale manufacturing in August, following test runs in July. Unlike competitors, JNTC built and engineered most of its core production equipment in-house, enabling cost efficiency and full process independence. This approach cut initial investment costs to about one-fifth of the industry average. The newly unveiled substrates support various sizes and thicknesses and feature high-precision via holes (0% microcrack). JNTC also developed its own etching, metalizing (void free), and processing technologies, achieving yields above 90% with minimal defects. Additional packaging features such as alignment marks and cities have undergone performance verification with global semiconductor leaders. New Risk • Apr 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Tillkännagivande • Mar 01
JNTC Co., Ltd., Annual General Meeting, Mar 31, 2025 JNTC Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 81-9, gunae-gil, jeongnam-myeon, gyeonggi-do, hwaseong South Korea Price Target Changed • Feb 20
Price target increased by 11% to ₩26,000 Up from ₩23,500, the current price target is an average from 2 analysts. New target price is 6.1% above last closing price of ₩24,500. Stock is up 93% over the past year. The company is forecast to post a net loss per share of ₩70.00 compared to earnings per share of ₩311 last year. New Risk • Feb 12
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 14% 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. New Risk • Dec 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 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 22
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩360.7m to ₩304.9m. Forecast loss of -₩70.00, down from profit of ₩395 per share profit previously. Electronic industry in South Korea expected to see average net income growth of 38% next year. Consensus price target up from ₩23,500 to ₩24,500. Share price rose 5.1% to ₩19,290 over the past week. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩19,020, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Nov 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 21x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,330 per share. Buy Or Sell Opportunity • Oct 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to ₩20,950. The fair value is estimated to be ₩26,458, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 184% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩25,800, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 9x in the Electronic industry in South Korea. Total returns to shareholders of 213% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,958 per share. Buy Or Sell Opportunity • Sep 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₩20,900. The fair value is estimated to be ₩26,614, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 184% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩22,000, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,713 per share. New Risk • Sep 12
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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩15,780, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Electronic industry in South Korea. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,088 per share. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩523.6m to ₩476.3m. EPS estimate also fell from ₩1,598 per share to ₩1,229 per share. Net income forecast to grow 62% next year vs 38% growth forecast for Electronic industry in South Korea. Consensus price target down from ₩30,500 to ₩26,833. Share price fell 6.6% to ₩17,590 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩18,130, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,317 per share. Buy Or Sell Opportunity • Jul 17
Now 22% undervalued Over the last 90 days, the stock has risen 6.4% to ₩24,050. The fair value is estimated to be ₩30,802, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 142% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩25,400, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in South Korea. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩28,099 per share. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩567 (vs ₩52.00 in 1Q 2023) First quarter 2024 results: EPS: ₩567 (up from ₩52.00 in 1Q 2023). Revenue: ₩127.1b (up 122% from 1Q 2023). Net income: ₩32.3b (up ₩29.4b from 1Q 2023). Profit margin: 26% (up from 5.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 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 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 15
Consensus EPS estimates increase by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩538.4m to ₩550.6m. EPS estimate increased from ₩1,336 to ₩1,699 per share. Net income forecast to grow 453% next year vs 40% growth forecast for Electronic industry in South Korea. Consensus price target up from ₩19,000 to ₩23,167. Share price was steady at ₩18,400 over the past week. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩22,600, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,526 per share. Price Target Changed • Apr 14
Price target increased by 16% to ₩19,000 Up from ₩16,333, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₩19,460. Stock is up 141% over the past year. The company is forecast to post earnings per share of ₩1,336 for next year compared to ₩311 last year. New Risk • Apr 08
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 14% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩14,390, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 42% over the past three years. New Risk • Mar 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Price Target Changed • Jan 25
Price target increased by 31% to ₩17,000 Up from ₩13,000, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₩11,640. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₩631 next year compared to a net loss per share of ₩1,029 last year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩8,190, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past year. Is New 90 Day High Low • Feb 24
New 90-day low: ₩10,050 The company is down 9.0% from its price of ₩11,050 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩4,764 per share. Is New 90 Day High Low • Jan 10
New 90-day high: ₩11,950 The company is up 1.0% from its price of ₩11,850 on 12 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 Electronic 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 ₩4,814 per share. Is New 90 Day High Low • Oct 16
New 90-day low: ₩11,250 The company is down 16% from its price of ₩13,450 on 17 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩5,679 per share. Is New 90 Day High Low • Sep 25
New 90-day low: ₩11,550 The company is down 18% from its price of ₩14,050 on 26 June 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 8.0% over the same period.