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Korean pure-play semiconductor foundry specializing in analog and mixed-signal chips on 200mm wafers, part of DB Group.
Korean pure-play semiconductor foundry specializing in analog and mixed-signal chips on 200mm wafers, part of DB Group.
Paid per wafer processed for chip designers that have no factories of their own, so earnings follow how full its 200mm lines are and the prices customers accept. It specialises in analog, power and sensor chips that run well on older, cheaper process technology.
Moat: narrow (process know-how, customer qualification, installed base). Established 200mm analog foundry with process expertise that foundries rarely re-qualify quickly.
Headquarters: Bucheon, South Korea · Founded: 1997 · Employees: 2,221
Size DB HiTek (000990.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $2.41B, the 117th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩83,100 on 6 Nov 2026.
Performance Over six months the shares fell 47.6%, against -28.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 28.6% over the last twelve months (peer median +19.6%); the operating margin is 20.6% (peer median 7.4%).
Valuation It trades at 8.9× forward earnings against a peer median of 30.4× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points above its cost of capital (11.3% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.55T | ₩1.40T | ₩1.13T | ₩1.15T | ₩1.67T |
| Revenue growth | — | +24% | -2% | -31% | — |
| Gross profit | ₩548B | ₩489B | ₩377B | ₩431B | ₩916B |
| EBITDA | ₩489B | ₩445B | ₩347B | ₩399B | ₩881B |
| Net income | ₩346B | ₩256B | ₩229B | ₩264B | ₩556B |
| Free cash flow | ₩242B | ₩261B | ₩280B | -₩48.5B | ₩569B |
| Capital expenditure | ₩190B | ₩154B | ₩134B | ₩336B | ₩186B |
| Total debt | ₩343B | ₩382B | ₩166B | ₩110B | ₩135B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DB HiTek 000990.KS | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% |
| Vanguard International Semiconductor 5347.TWO | $6.82B | -22% | +10% | 17% | 17.7× | n/a |
| SJ Semiconductor 688820.SS | $22.9B | -21% | +1% | n/a | 136.4× | n/a |
| Tower Semiconductor TSEM | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% |
| GlobalFoundries GFS | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% |
| X-FAB Silicon Foundries XFAB.PA | $709M | -38% | -8% | 2% | n/a | n/a |
| SMIC 0981.HK | $76.7B | -41% | +20% | 9% | 32.9× | n/a |
| Nexchip Semiconductor 688249.SS | $8.80B | -17% | +14% | 7% | 66.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000990.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -38.2% | -15.9% | 5th lowest of 21 |
| 6-month return | -47.6% | -28.9% | 4th lowest of 21 |
| Distance from 52-week high | -64.0% | -56.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +28.6% | +19.6% | 5th highest of 21 |
| Operating margin | 20.6% | 7.4% | 6th highest of 21 |
| Forward P/E | 8.9× | 30.4× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 2.3% | 29.5% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +8.3% | +20.3% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | -6.1 pp | +11.8 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +1.5 pp | -4.8 pp | 8th highest of 21 |
| EV / EBITDA | 5.2× | 20.0× | cheapest of 6 |
| Net debt / EBITDA | -1.8× | -1.9× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |