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Korea's leading photoresist and semiconductor/display chemicals maker, a key domestic alternative to Japanese suppliers.
Korea's leading photoresist and semiconductor/display chemicals maker, a key domestic alternative to Japanese suppliers.
Sells chemicals that fabs and panel makers use up in every production run, so sales track factory output as well as new-line building. Photoresist, a light-sensitive coating used to print circuits, is the high-value item, and Korean chipmakers' wish for non-Japanese sources, sharpened by Japan's 2019 export curbs, is its context.
Moat: narrow (customer qualification, process know-how). Deeply qualified photoresist supplier; a rare non-Japanese source for Korean fabs.
Headquarters: Hwaseong, South Korea · Founded: 1967 · Employees: 1,469
Size Dongjin Semichem (005290.KS) is a South Korea Information Technology company (Electronic Production Equipment) with a market value of $1.18B, the 212th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩31,500 on 6 Nov 2026.
Performance Over six months the shares fell 44.4%, against -22.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +11.6%); the operating margin is 15.9% (peer median 3.8%).
Valuation It trades at 1.2× enterprise value to sales against a peer median of 5.2× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.3 points above its cost of capital (8.1% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.36T | ₩1.19T | ₩1.11T | ₩1.31T | ₩1.46T |
| Revenue growth | — | +7% | -15% | -10% | — |
| Gross profit | n/a | ₩301B | ₩295B | ₩298B | ₩339B |
| EBITDA | n/a | ₩211B | ₩234B | ₩232B | ₩267B |
| Net income | ₩298B | ₩99.1B | ₩155B | ₩127B | ₩159B |
| Free cash flow | n/a | ₩114B | ₩55.0B | -₩168B | ₩97.1B |
| Capital expenditure | n/a | ₩81.4B | ₩175B | ₩284B | ₩94.8B |
| Total debt | n/a | ₩668B | ₩792B | ₩602B | ₩468B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Dongjin Semichem 005290.KS | $1.18B | -44% | -4% | 16% | 1.2× | -4.4% |
| Shin-etsu Chemical 4063.T | $66.5B | -27% | +5% | 25% | 3.4× | 8.9% |
| Tokyo Ohka Kogyo 4186.T | $5.03B | -30% | +22% | 21% | 2.9× | 19.9% |
| Soulbrain 357780.KS | $1.38B | -47% | +21% | 16% | 1.6× | 3.1% |
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 | 005290.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -38.2% | -23.2% | 6th lowest of 21 |
| 6-month return | -44.4% | -22.9% | 6th lowest of 21 |
| Distance from 52-week high | -56.4% | -51.0% | 9th lowest of 21 |
| Revenue growth (TTM) | -3.6% | +11.6% | 4th lowest of 21 |
| Operating margin | 15.9% | 3.8% | 4th highest of 21 |
| EV / Sales | 1.2× | 5.2× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.4% | 24.4% | least demanding of 10 |
| Growth delivered (Del g) | +5.0% | +8.4% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | -9.3 pp | +6.8 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | +6.3 pp | -4.4 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | 1.2× | -4.4% | +5.0% |
| Shenzhen Fenda Technology 002681.SZ | China | $1.19B | -15% | +7% | -1% | 3.0× | 27.1% | -5.2% |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 6.7× | n/a | n/a |
| Fuman Microelectronics 300671.SZ | China | $1.21B | -22% | +71% | 3% | 6.4× | n/a | n/a |
| Aurora Optoelectronics 600666.SS | China | $1.22B | -44% | +44% | -15% | 13.6× | 35.2% | -1.9% |
| WindSun Science & Technology 688663.SS | China | $1.23B | -14% | -9% | 3% | 4.2× | 48.5% | +18.9% |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | 42.7× | n/a | n/a |
| Maxvision Technology 002990.SZ | China | $1.26B | -39% | +36% | 14% | 6.6× | n/a | n/a |
| Shenzhen Hui Chuang Da Technology 300909.SZ | China | $1.26B | +4% | +3% | 2% | 5.6× | n/a | n/a |
| Grand Process Technology 3131.TWO | Taiwan | $1.27B | -51% | +38% | 22% | 5.5× | 13.0% | +21.2% |
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 2.9× | 10.7% | +3.9% |
| Shenzhen AV-Display 300939.SZ | China | $1.07B | +54% | +5% | 3% | 5.0× | n/a | n/a |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | 3.8× | n/a | n/a |
| I-Chiun Precision Industry 2486.TW | Taiwan | $1.05B | -53% | +25% | 7% | 4.6× | n/a | n/a |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 2.2× | 17.5% | +27.2% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | 11.9× | 24.4% | +18.8% |
| Suzhou K-Hiragawa Electronic Technology 603052.SS | China | $1.03B | -55% | +7% | -10% | 7.3× | n/a | n/a |
| LX Technology 2436.HK | Hong Kong | $1.02B | +37% | -4% | 4% | 3.4× | n/a | n/a |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | 0.5× | n/a | n/a |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 8.3× | 44.4% | +8.4% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 1.4× | 3.9% | +0.2% |